Post
Topic
Board Bitcoin Discussion
Re: Why Do People Believe Bitcoin Will Replace Fiat?
by
QuestionAuthority
on 27/08/2014, 15:37:19 UTC
This thread isn't labeled what does QA want to happen. Change will happen whether I want it too or not.

Ok, I was thinking your account was either sold or you were cynical to the future. I suppose your dystopian vision is one possibility.

Call it whatever. If it's so upgradable then why aren't they doing it? There are a lot of flaws that are being ignored and you know it. (A dev, jgarzik, has to put out a torrent for the blockchain instead of pruning it. We haven't solved the 51% attack yet. And on and on) If I see more upgrading going on then maybe my view will change and I will be convinced.

Technology is being scaffolded all around the Bitcoin blockchain all the time. Some people criticize bitcoin for not solving all of the problems immediately or adding every new feature set within the core protocol but there are some great advantages of keeping bitcoin simple, reliable and modular and other features scaffolded upon bitcoin instead.

If we want adoption ahead of any competitors then the changes need to be made quickly or someone else will make them and be rewarded for the effort. This Brock Pierce guy TBF member came up with Realcoin because he sees a problem with Bitcoin adoption and wants a solution. I don't know if that's the right way to go but it's one way. Big business solves problems quickly because they have the money and resources to throw at problems. Big business and big money are becoming interested in Bitcoin. Will they decide to fix the problems or scrap the old and develop a new one? That's anyone's guess at this point.