Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Core or XT? POLL
by
maltrox
on 18/06/2015, 17:39:27 UTC
Guys, what will happen after the fork with my old Bitcoins? I think XT won't resolve the "real problem".

Well, Im not tech, Im not economist, just a crypto enthusiast, but this is my point of view. I always have seen BTC like Gold, is too hard to be used as a "currency" for the mainstream operations:  you have to use it in very very very little fractions, have to wait lot of time to get a confirmation...

But Bitcoin is the mother of crytpo, it has a value accepted and has resisted a big crisis, guys. In the near future will come more alts, not only created by techs, or by some bump-and-dump guy, the biggest corporations will create them. BTC has been the reference since the begining... And so will be for the rest of time, BTC is the king of the crypto ecosystem.

BTC XT is trying to evolve BTC to try to be what BTC will never be. The problem is that is not evolving enough. Other alts better designed for merchants use can emerge and win the market; I hope the winner won't be a private alt...

So I think you should create and "Official altcoin", related with Bitcoin, with some inflation options, managed by the same community. That alt must be "cheap" and must has a real estable value to support a massive selling pressure. The alt would be build over a Community Central Bank.

Ecommerce in 2014 was around USD 1.5 trillion. If the "Offical Alt" could move just 1 %... it means USD 15 billions, so it need  a monetary mass around 750 mlls-1.5 billions of coins -to preserve a 1 to USD 1 similarity. How many coins will be needed to cover the 10 % of eCommerce?

Of course, I dont mean we must have an USD parity, just I'm saying that mass monetary required is too high respecfully BTC and BTC XT can offer.

A BTC fork would be sad, that's my point of view.