Post
Topic
Board Bitcoin Discussion
Re: Will you switch to a new technology, if it offers better features than Bitcoin?
by
Kprawn
on 05/04/2016, 15:01:14 UTC
BUT would you forget about all of that and go for a alternative technology with better features, once it is developed by all these banks? {Permissioned, private ledgers} They will obviously just copy the concept and
I don't even understand how this is a question. Wasn't the initial goal to take away the power of the banks? Why are you even here?

I think you're misunderstanding what a full decentralization is.
Correct. Bitcoin's strength lies in its decentralization.

If objectively superior features are developed elsewhere, they may be integrated into Bitcoin. In fact, many already have been.
Exactly, as long as these features are open-source as well.

Well, they will not develop something trustless, but they can make it decentralized.
That's not decentralized.

I want to determine, how many people use Bitcoin for the innovation and disruption it brings and if they will still use it, when these banks or financial organizations come up with a competing

technology. There are some people, who care less about the principle value of this new technology. {The disruptive side} and only care about the profits to be made. The origin of this technology

were clearly started and motivated by the people, who wanted to break the hold these banks has over people's finances .... but lately, a lot of other people entered this scene and they only

concentrate on the money they can make. Do we see a shift from changing the financial powers, to assisting the financial powers to become stronger?