Post
Topic
Board Bitcoin Discussion
Re: "Bitcoin is Dead" - Mike Hearn
by
jonald_fyookball
on 17/01/2016, 04:58:56 UTC


I agree.  May I ask you another question: If Bitcoin Classic is accepted, will it be robust enough to be able to compete with what the R3 blockchain group will put out?  I mean, the R3 group scabbed Hearn (among others), invested 9 billion USD in research alone (Bitcoins present marketcap is only 5.8 billion USD), and serves a huge US banking system with a platform and customer base already in place.  Surely, whatever the R3 group comes up with, it will be a totally different critter than Bitcoin, but what impact will it have on the adoption of Bitcoin Classic and the Bitcoin community in general?

One thing has nothing to do with the other.

I assume you mean if Bitcoin Classic is accepted widely and miners don't splinter.  In which case, (barring a catastrophic bug, which is very unlikely) Bitcoin would be just as robust as it is now.

R3 sounds like it has impressive resources but as far as I can gather its purpose is to bring distributed ledgers to the financial world, not to create a true peer to peer currency like Bitcoin.  In other words, its just a fancy way to move fiat around.