Post
Topic
Board Beginners & Help
Re: 7 thoughts on Bitcoin
by
mwag
on 09/03/2013, 16:07:58 UTC
Bitcoin is just the first p2p cryptocurrency

Don't expect it to be flawlessly designed the first time, that seems highly unlikely

It doesn't need to be flawless today. Bitcoin can evolve when required.

It's actually far easier to hard fork than to get everyone to switch to a different coin entirely. With a hard fork, everyone's coins still exist on the forked chain. With a new chain, they have to liquidate their bitcoins and obtain newcoins.