Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
BrainShutdown
on 18/04/2016, 21:01:07 UTC
however it would be wrong to unnecessarily restrict the capacity of any blockchain in order to favor off chain solutions. Which is what is currently happening to Bitcoin.


I think this is the crux of the problem...Core won't let Bitcoin scale even slightly, because then LN would be a little bit less necessary. Maybe in time something better than LN would be discovered, which would bankrupt Blockstream.

From the sound of it, the whole thing is simply designed to enrich Blockstream, and miners will do nothing about it. But that's the problem I guess--all power is in the hands of the miners, which is an incredibly stupid way to build a decentralized currency.

Exactly! Some say Bitcoin is decentralized but it really isn't. There's only one possible centralization vector in 1st generation coins like Bitcoin, which deposit the decentralization hopes on POW and Moore's law and that's mining. Clearly it's a lost battle already when a handfull of people decide the majority mining software.
Talk about Bilderberg and Rotchilds... lol they're more decentralized than Bitcoin... there are competing factions within those groups  Roll Eyes