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Bitcoin series #7 - the endgame


bitcoin series #7 - the endgame

difference. But some of the competitive differences are matters of philosophy, not simple features. It is not a conceptual risk - its a certainty, only it takes time. Some of these altcoins are simply. If it becomes more profitable to hold peoples money at ransom, the same hardware will be turned to holding peoples money at ransom.

There is no usefulness to be taken from nearly all of them, and speculation on otherwise valueless virtual currencies cant but end up on a large number of zeroes. This is a certainty to happen, with the only doubt being when. Bitcoin will never see mass adoption. Bitcoin ranging from taking over the entire M1 money supply to complete collapse, but the most probable one, in my view, is that.

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A given bitcoin transaction doesnt really need to be signed with the original private key for the given address and transaction data. The seller can freely spend their newcoin. The fees will also become more variable, as often one block will exhaust most juicy fees waiting confirmation. Bitcoin is also not tremendously adaptable, and major changes would require the participation of a large fraction of all miners. One can "suspend" a bitcoin amount from the main chain and then use it, under different rules in the new chain, possibly restoring it later.



bitcoin series #7 - the endgame

It explains several scenarios which are highly likely to develop, and why. These scenarios in turn explain what the endgame will. Bitcoin Series #7 The Endgame Bitcoin Series.

Beginstand bitcoin
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Marktkapitalisierung bitcoin aktuell


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