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Author Topic: Developer JGarzik reiterates, upgradable nature of bitcoin! Challenges Ethereum!  (Read 3260 times)
smashingpumpkin
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July 28, 2014, 08:45:11 AM
 #41

Except that achieving enough consensus to successfully hard fork bitcoin is effectively impossible. I mean seriously, they can't even agree on how to increase the TPS limit (increasing block size, etc.).

Bitcoin is now TBTI--Too Big To Innovate.

but if you make an innovation attractive to miners wouldn't the fork be possible?
ChuckStrawberry
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July 28, 2014, 09:43:14 AM
 #42

Except that achieving enough consensus to successfully hard fork bitcoin is effectively impossible. I mean seriously, they can't even agree on how to increase the TPS limit (increasing block size, etc.).

Bitcoin is now TBTI--Too Big To Innovate.

You are correct. Ethereum hasn't even launched yet and they are already designing for this eventuality.
666uazan
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July 28, 2014, 10:27:33 AM
 #43

Except that achieving enough consensus to successfully hard fork bitcoin is effectively impossible. I mean seriously, they can't even agree on how to increase the TPS limit (increasing block size, etc.).

Bitcoin is now TBTI--Too Big To Innovate.

You don't need consensus.
There would be a fork, and two version of Bitcoin would coexist: the old one, and the new one with ethereum's features. The difference with the actual ethereum is that everybody owning BTC would now be able to use the ethereum feature set.
I'm very interested in the tech behind ethereum, but the ether currency has no future.
bitjoint
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July 28, 2014, 10:32:03 AM
 #44

I think both will co-exist

+1
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