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25
posted 4 years ago by xihg 4 years ago by xihg +25 / -0
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▲ 7 ▼
– CoolAsACucumber 7 points 4 years ago +7 / -0

Then the code wouldn't have been open source and spurred innovation into a new industry.

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▲ 4 ▼
– HonestTruth 4 points 4 years ago +4 / -0

You must not understand the value of open source. The code is open source to make it as good as can be. From there drawing it in and closing it up is a non issue.

Controlling other contenders is trivial when you own the system.

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▲ 5 ▼
– CoolAsACucumber 5 points 4 years ago +5 / -0

Just use a different cryptocurrency. There are several that are more decentralized than bitcoin just by measuring Nakamoto coefficient (or also called Minimum Attack Vector) alone.

If validators aren't your problem and instead it's the amount owned by elites, then look at cryptocurrencies with little VC backing that is still bought into that crypto.

If you think the system is rigged and you have a better way, fork another project like bitcoin/ethereum/cardano/etc and make your own blockchain with the new implementation that makes it better. Costs very little to do that but you'll only convince people to invest if you actually bring something new to the table that people find valuable and worthy.

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▲ 4 ▼
– HonestTruth 4 points 4 years ago +4 / -0

lol, again, this is just a tool used to manipulate people coupled with a desire to enhance the related technology, you can get on the wave and ride or not your call.

This fable that you can become the next bitcoin or what have you is a function of riding the wave. The point is that when the chips are down the only currencies accepted are the ones that will be allowed, the others will be hunted to extinction.

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▲ 2 ▼
– CoolAsACucumber 2 points 4 years ago +2 / -0

Person-to-Person transactions traded with food/resources/services/etc can't be tracked so easily. If everyone gave up on the dollar, made new wallets, and just started doing person-to-person transactions with crypto, the government wouldn't be able to monitor it.

Also it's not about becoming the next Bitcoin, it's about giving people control of their own financial wealth. New innovations are coming out all the time and it'll only be so long till Bitcoin loses the market share of crypto. Government won't be able to take your crypto unless you give to them. No amount of threats and abuse can force them to take it from you, you have to give them the keys to your wallet to take your crypto. On the other hand, bank accounts can be taken all the time, money and gold is much easier to find as well than a single piece of paper with your keys on it hidden somewhere in the world.

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