Post
Topic
Board Development & Technical Discussion
Re: Bitcoin Scalability?
by
thinair
on 01/11/2017, 16:42:38 UTC
I think the way the scalability problem is "left" unresolved does support conspiracy theory of how AXA , etc. has bought over bitcoin. There are many questionables in the current protocol:
1) allowing poweful hardware to having mining advantage is simply against distributed consensus.
There is no need to have transfer fees, incentives, etc, to motivate these mining conglomerates. If the next
day, their rigs are all destroyed - it is better for bitcoin; there are million of desktops in India, Indonesia, China
who would willingly do the mining provided the protocol is design to have one-node-one-vote. As of now, you   
cannot  stop others to think the "open source" developers have not been bought.

Myth: bitcoin does not have the drawback of fiat money - the total BTC number is 21 million.
The developers could change the codes tomorrow to allow 1000 million BTC in 2140! They could then sweet
talk about how it would benefit bitcoin, etc. It is still all politics. This myth is very good to bring in those who
have been told the evil of fiat money. But now, we have these "open source" central bankers deciding
on the money supply.