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by intotheabyss
1949 days ago
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Because to change Bitcoin means to fork Bitcoin, and 2017 has shown that the community does not want to hard fork to update the consensus of the chain. A bigger question is how will Bitcoin deal with securing the chain once miners rely primarily on transaction fees; especially considering Bitcoin can't scale. Another factor is that spent addresses release public address information which is susceptible to quantum attack exploits. I'm bullish on cryptocurrency (like Ethereum) but bearish long-term on Bitcoin. However, one thing Bitcoin is used for currently is as a decentralized collateral. You can wrap Bitcoin and deposit it on Ethereum and lend it out for interest. This is a fairly good use case in the short term, but Bitcoin the blockchain is not sustainable longterm. |
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