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I think he makes a valid point on the article, however, I do think all this bad stuff that has happened to it was going to happen anyway, its impossible to stop
by luizparreira 11y ago
I think he makes a valid point on the article, however, I do think all this bad stuff that has happened to it was going to happen anyway, its impossible to stop it from happening, the traditional system does not stop it neither, this is part of human nature where there are large sums of money there will be other people trying to hack into it to benefit themselves and its peers. But the joy of the bitcoin ecosystem, and one that he fails to point out on the article, is that it rewards and encourages players to follow the rules, because in terms of cost of running enough computing power that hacks into the block-chain and a system that mines bitcoins to get the rewards associated with it, the latter is way more viable. I think that the Bitcoin Bloc-Chain is going well, with needs for some updates in the system, as any other software does, but going well so far. What really needs to be done, and the writer recognizes that in the article, is all the businesses built around it must follow best-practices, following the example of established organizations, to increase the overall trust in the ecosystem and people start to accept it more into their daily lives, this is obviously easier said than done, but I think that any serious individual who are starting a Bitcoin related company must have building trust relationship with the rest of the world at its top priority, and to do that he must follow practices that other people know and trust.