Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
brg444
on 13/11/2014, 15:19:33 UTC
Of course but no matter the wants or need of people, open source will allow for whatever option that fills that niche in the most legitimate way to win over the userbase in the long run.

I understand your concerns but at the end of the day my bet is the value created will far outweight the negatives.

i just want to make another point here.  the only part of the SC process that we should expect to be OS is the 2wp or SPVproof itself.  OS is not required for the way the SC decides to run itself which is dependent on its developer.  for me, thinking of these for profit SC companies as circles helps envision a self encapsulated, potentially closed opaque system within which rides an unknown blockchain ledger to which your valuable BTC will be transferred at your own risk.

Not required, maybe. Expected? certainly.

The point is people can now choose between transparent and opaque systeme without any tradeoff in feature.

Maybe I'm wrong but I don't think the majority will willingly transfer their wealth to a system that essentially recreates the closed, centralized financial institutions/services that the openness of the blockchain as made irrelevant.