charleshoskinson
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CEO of IOHK
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May 01, 2013, 07:23:49 PM |
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A fork is coming and thus the Fork Wars shall begin. I think bitcoin has evolved to the point one is necessary to save the ideology it was established upon.
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The revolution begins with the mind and ends with the heart. Knowledge for all, accessible to all and shared by all
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Eich
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May 01, 2013, 07:56:37 PM |
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Bitcoin is a set of rules, a "protocol"... If there is a fork, the branch that does not follow the current rules is "not-bitcoin"
Who is there to decide which branch is "not-bitcoin"? Is there a supreme court in charge of interpreting every word (What "is" is?) of Satoshi's paper, and all the foundation documents? Is the self-consistency of all the "protocols" future-proof? Who has the authority to appoint the judges of the supreme court? The economic mass Bitcoin attracts could be the very factor that undoes Bitcoin. Powerful interest groups will want to butt in. Who is there to decide? Well, Ill decide! if i can add it to the amount in my bitcoin wallet and trade it like BTC @ BTC prices then its bitcoin. if not then its "not-bitcoin". |
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superduh
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May 01, 2013, 08:22:32 PM |
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you would have to give the fork/client a new name - what will it be? (i'm correct right?) |
ok
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cypherdoc
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May 01, 2013, 08:31:18 PM |
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the concept of a fork is confusing and muddied.
put more simply, what we will see going forward is that there will continue to be modifications to the software that seeks to preserve the Bitcoin network, with all of its built up wealth, at all costs.
everyone involved with Bitcoin will contribute in their own specific way, whether they be devs, merchants, users, speculators, to achieve this common goal.
in that sense, the future is extremely bright.
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wingding
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May 01, 2013, 08:44:28 PM |
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you would have to give the fork/client a new name - what will it be? (i'm correct right?) Someone has already named it LinearCoin, (LNC) which at least serves as a good 'working' name. |
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herzmeister
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May 02, 2013, 01:09:21 AM |
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Ripple is quite simply, closer to the singularity.
Ripple will prevail over BTC.
Ripple lacks privacy. Doesn't pass the Litmus Test of Wikileaks or Silk Road. |
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charleshoskinson
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Activity: 1134
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CEO of IOHK
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May 02, 2013, 01:12:49 AM |
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Ripple is a sad attempt to dominate bitcoin.  He won't use it!!! |
The revolution begins with the mind and ends with the heart. Knowledge for all, accessible to all and shared by all
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xan_The_Dragon
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I AM A DRAGON
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May 02, 2013, 01:39:02 AM |
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You know what's interesting though, I bet somewhere around 50% of the coins ever mined, especially in the 10,000 coins for a pizza day, were deleted, formatted, never backed up, experimented with. Etc Etc..
I bet we won't ever have have 21 million coins... or as now the Total Number of Bitcoins = 11,097,600
I bet people actually control closer to 5 million or so coins. The other 6 million were formatted, wiped , lost, etc.
+ 21 million |
MfFMEpgL5Ma9C2yw6iSsSX4QcbSVzjm6iK
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Eich
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May 02, 2013, 09:16:47 PM |
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You know what's interesting though, I bet somewhere around 50% of the coins ever mined, especially in the 10,000 coins for a pizza day, were deleted, formatted, never backed up, experimented with. Etc Etc..
I bet we won't ever have have 21 million coins... or as now the Total Number of Bitcoins = 11,097,600
I bet people actually control closer to 5 million or so coins. The other 6 million were formatted, wiped , lost, etc.
+ 21 million Its better for those who take care of theirs because this will raise the value of the remaining coins. |
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