Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
Adrian-x
on 27/10/2014, 21:58:36 UTC

Like all things BTC, it is a matter of trust.

FTFU: like "investing in" all things "related to" BTC, it is a matter of trust.

With BTC as complicated as it is you have to trust no one but the miners and society to work in their best interest, regards of everything else. And all actors define what their best interests are, it's still experimental, and way too early to mess with, we still don't know if it'll work on a large scale.

I am not supportive of changing that at the protocol level, ie. miners supporting and enforcing protocol rules defined by the interests of others. At the moment it's the node / protocol programmer, under guidance of for profit vultures capitalists, debating changes to leverage the work done by the miners. SC may have value but I'm not keen to see the Bitcoin formula messed with until it has some serious market traction.