Post
Topic
Board Speculation
Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption
by
Luckybit
on 14/04/2013, 02:43:08 UTC
It's too late to do anything about it for Bitcoin - we've gotta live with the distribution we got. And maybe it won't be a problem. But for future cryptocurrencies, it's something we need to consider. And we need to watch out and be ready to refine the idea if it looks like the new boss is going to be the same as the old boss.

Memcoin in specific proposed something like adding democratic processes into the coin itself. I think that would be the best way to improve the protocol. The next coin should probably include democracy and voting within the coin itself so that holders can somehow vote as a group.

Anyway I think the future is intelligent cryptocurrencies or smart currencies. These currencies would be able to adapt to our flaws and inflate or deflate or self destruct or decay etc. There is a lot of room for innovation once AI becomes smart enough.