Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
datacentercoin is coming, bitcoin will perish!
DOOOOOOOOOOOOOOOOOOOOOOOOOOOoM!
you understand the distinction between controlled by 1 cooperation Vs decentralized amongst all cooperations. right?
the idea of bitcoin running on home computers while its only use is as a settlement layer only large corporations can afford to transact on is either very foolish or stupid.
maybe my point of view isn't "Nice" but at least its realistic.
lets not forget large corporations and banks have already said PASS on the bitcoin bandwagon, and they are on the Bitcoin bandwagon. weather you like it or not the idea of a decentralized "datacentercoin" as some like to call it, is coming. IMO, bitcoin will NOT be able to compete if it hodls desperately to maximal decentralization idealistic roadmap.
DOOOOOOOOOOOOOOOOOOOOOOOOOOOoM!
I Imagine a future where individual states, universities, governments, corporations, banks are the ones running bitcoin nodes.
China and USA may not agree on a lot of thing, but they will be made to participate in nakamoto consensus!!
I simply do not care if there individual citizens can't run a full node without a 10,000$ investment.
Welcome to the future of money, its a BIG DEAL.
Again, either very foolish or stupid. Bitcoin was always about individual sovereignty and now you're talking about turning it into a government/corporation coin. Nice viewpoint. China and USA may not agree on a lot of thing, but they will be made to participate in nakamoto consensus!!
I simply do not care if there individual citizens can't run a full node without a 10,000$ investment.
Welcome to the future of money, its a BIG DEAL.
you understand the distinction between controlled by 1 cooperation Vs decentralized amongst all cooperations. right?
the idea of bitcoin running on home computers while its only use is as a settlement layer only large corporations can afford to transact on is either very foolish or stupid.
maybe my point of view isn't "Nice" but at least its realistic.
lets not forget large corporations and banks have already said PASS on the bitcoin bandwagon, and they are on the Bitcoin bandwagon. weather you like it or not the idea of a decentralized "datacentercoin" as some like to call it, is coming. IMO, bitcoin will NOT be able to compete if it hodls desperately to maximal decentralization idealistic roadmap.
Probably one of the most dangerous dynamics in recent bitcoin discussions and publicity is when issues are framed as an "us" versus "them" manner, and causes more difficulties in compromising and more likely to go down the road of a forced hardforking, which if such forced hardforking were to occur would likely bring bitcoin prices back down into the below $200s and possibly even into the below $100s (or even single digits), which is not a positive development in terms of getting cheap coins.
It could take bitcoin some time to recover from a forced and/or contentious hard fork if it were not resolved within a short period of time... I think resolutions that define governing or mining consensus as 75% would lead to higher likelihoods of such potential contentious hardforks.... that is why resolutions of higher levels of consensus and softforks would likely be better for inspiring confidence in bitcoin.
the fork towards the view depicted in my post is not optional it will happen.
either in the form of bitcoin itself forking off this way
or
a new coin destined to fulfill bitcoin's original promise of nearly free TX's globally in a decentralized manner.
sooner or later you WILL be made to choose between high decentralization with high fees / second layer ?coming soon? Vs lower decentralization system with near 0 fees that everyone TX on equally
i believe its inevitable.
there's too much good to made from a global TX network that operate at little to no cost. if its not bitcoin that achieves this it'll be somthing like it.