Post
Topic
Board Bitcoin Discussion
Re: What are the chances BTC is replaced by something better soon?
by
Dafar
on 14/01/2014, 18:41:31 UTC
Good question OP... I really hope it doesn't happen because I'm heavily invested in BTC.

However one thing that worries me though is the fact that Satoshi didn't properly predict the mining process becoming an arms race where only the rich and powerful miners can participate. Correct me if I'm wrong but the whole mining process was supposed to be something that everyone could participate in making it a true P2P network. So now that mining has become out of reach for the average person, how does it (or will it) change the vision of bitcoin? Will this lead to future problems that were not envisioned before? Is this an indication that other problems can happen that have not been though of before due to new technology?  

These are the main issues that worry me... not shit like China banning bitcoin, or USA trying to regulate bitcoin... all that is expected. Every government and federal banks (basically the real crooks) should see bitcoin as a threat and for good reason.



Rapecoin

 Cheesy lol!!! i like this guy