Post
Topic
Board Bitcoin Discussion
Re: Fork off
by
xcsler
on 27/01/2015, 18:06:56 UTC


Can we trade a little security for wider adoption? Would wider adoption make it more valuable? Nobody knows.

How much will the value of bitcoin drop when people realize it can never scale? Nobody knows.


You aren't sacrificing wider adoption of Bitcoin. You are sacrificing wider on chain adoption of Bitcoin.
Bitcoin can scale perfectly well with off chain transactions. History has shown us this when the "off-chain US dollar" was backed by "on-chain gold."

Your trading a little bit of Bitcoin security for adoption is akin to making the gold more easy to counterfeit.

You are suggesting to use divide-and-conquer tactic and back it with historical facts demonstrating that it worked perfectly well for the conquerors. I suggest we keep united and seek for solutions together. Bitcoin is here to stir the pot and wake people up. Ding!

It worked for the conquerors because they stole all of the "on-chain bitcoins". FDR made it illegal for citizens to own gold in 1933 with Executive Order 6102. This can't be done with today's bitcoins because of the transparent distributed digital ledger. Your proposals weaken security and makes bitcoin confiscation more likely.