if Bitcoin were to have failed, it would have done it by now.
Depends on what the goal was.
For me the goal was 1) censorship-freedom money aka permission-less commerce, and 2) immutable protocol enforced rules including money supply.
Bitcoin has already failed at #2, because the protocol is being changed now. And this proves it can be changed in any way that the masses can be fooled to support.
And #1 failure is just around the corner.
Peter R,
distributed != decentralization
You assume the former provides the latter.
I can't see a future with less than a thousand or so nodes.
I don't buy the "centralization" fears related to increased blocksize.
Because you don't factor in the government's ease of regulating 1000 permanently sited nodes compared to zillions of ephemeral nodes in a truly decentralized system.
Imagine that every major research university runs a full node. If you were this "scary, monolithic government" that you seem to fear, how would you go about controlling the software that scientists are running in their cryptocurrency labs?
Are you really serious asking that?
Yes. And you didn't answer. Specifically, how would you achieve this (remember, there are research universities in numerous legal jurisdictions and in order to be effective you have to control nodes at a lot of them)?
Observe and watch the G20 and world government take form (very slowly like death by a 1000 paper cuts). It will be sight to behold. Like a "1000 points of light" as Grandady Bush put it.
You continue to it oblivious and naive one.
perhaps. then a different solution will be made. key thing about Bitcoin is that there are legions of smart, talented ppl working on it now with even more to come.
And legions of developers working to give us alternatives.
Luckily pegged side chains will make that a reality so we can ignore you.
That's OK. Then we just cut back.
I'd rather try than not try at all.
Doubling block size every 2 years is cancer.
A closer match to
SV40A medical doctor who never
understood the exponential function. On the Nth day the Lily pads covered 50% of the pond, so Cypherdoc proclaimed we had time to cut back, then we woke up and the pond was smothered. WTF? The exponential function.
And the only way he can keep that promise is to become a dictator. We'll at least their intentions are now mathematically inviolable.
You still didn't answer.
I answered. Oblivious, naive ones don't see it as an answer.
Did he bother to watch that video of the Chinese mine I posted earlier today?
He's a disinformation agent.
Got to love that propaganda that China is not fully on board the NWO plans. (even if not, that the G20 couldn't filter traffic from China that didn't comply)
You protest much. Why? Trying to mind control the readers?