Deleted User
1Yr
Comment was deleted
1Yr
@Cype Because I am investing in an idea. In other words, in the currency that will be in your wallet decades later.
••
Deleted User
1Yr
Comment was deleted
1Yr
@Cype Very nice. Have a nice evening
••
@Cype If Bitcoin fails, there will never be another opportunity comparable to Bitcoin. Your statement that technology continues to develop is of course true, but it clearly shows that you have not understood Bitcoin.
•
11
•Deleted User
1Yr
Comment was deleted
@Cype I agree with you about technological progress in itself. However, a decentralized, monetary network like Bitcoin will never exist again if Bitcoin fails. Bitcoin was extremely vulnerable in the first few years; any major company could have disrupted the network to such an extent that it would probably have been over before it really got started.
Bitcoin is now this decentralized network and only Bitcoin. All other cryptocurrencies are not. This is also the big difference between Bitcoin and alts, which is often not understood.
If Bitcoin fails now and something like this is tried again, it will certainly be attacked and prevented. After all, the states don't want to have their currency monopoly taken away from them.
What's more, Bitcoin is constantly evolving. I don't just mean 2nd layer solutions like Lightning and Liquid, but also simple updates like Taproot, for example. Anyone can write an improvement proposal and, if it is supported by the majority of the network, it will be integrated (which admittedly happens very rarely, because of course the change has to be as small as possible to ensure security). But this is also why quantum computers will never become a problem for Bitcoin, because then it will simply be switched to "quantum-safe" addresses in an update. There are already several proposals for this today.
Bitcoin is now this decentralized network and only Bitcoin. All other cryptocurrencies are not. This is also the big difference between Bitcoin and alts, which is often not understood.
If Bitcoin fails now and something like this is tried again, it will certainly be attacked and prevented. After all, the states don't want to have their currency monopoly taken away from them.
What's more, Bitcoin is constantly evolving. I don't just mean 2nd layer solutions like Lightning and Liquid, but also simple updates like Taproot, for example. Anyone can write an improvement proposal and, if it is supported by the majority of the network, it will be integrated (which admittedly happens very rarely, because of course the change has to be as small as possible to ensure security). But this is also why quantum computers will never become a problem for Bitcoin, because then it will simply be switched to "quantum-safe" addresses in an update. There are already several proposals for this today.
•
11
•