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Good points. Regarding (1), I think Bitcoin is heading very quickly towards that reality. Satoshi made a comment that most of Bitcoins rules will never change a
by josephagoss 12y ago
Good points.
Regarding (1), I think Bitcoin is heading very quickly towards that reality. Satoshi made a comment that most of Bitcoins rules will never change after he released the first version of the software. There are only a few decisions left, such as block size and side chains.
Side chains will be interesting, as the specification of Bitcoin becomes fixed and never changing, new additions could be added onto Bitcoin outside of the core specification via these side chains.
Will this work? Who knows.
Point (2), Bitcoin hasn't really had to rely on the foundation except for the salaries of two core developers. As I understand it most of the Bitcoin core development team are not supported by the foundation.
(3) Instead of no blockchain, I wonder if there is a way to make a more distributed blockchain? Imagine that a single copy of the blockchain could exist on perhaps 1000 nodes instead of just 1?
Just a thought? I think the essence of the blockchain, this immortal database that proves the integrity of each Bitcoin, I really think we need to keep this in some way.
- datashovel 12y agoA distributed blockchain could have promise. Regardless I know the blockchain will bring (already has brought) many amazing things to the world. It truly is a great innovation. With that said I'm still not 100% convinced a distributed blockchain is essential to have legitimate cryptocurrency. I know the problem has been worked on for a long time by a lot of really smart people, and this really is the best implementation to date. I guess for me the path is clear. Whoever comes up with the simplest, least-technical implementation will win the race for adoption. No matter what though, I'm confident cryptocurrency is the future of currency.