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by imtringued
1931 days ago
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It's ironic. Bitcoin can only keep going up if it becomes more accessible and more people use it. Yet people resist making it more accessible. It's like they are betting on a failing technology stack that will blow up after x amount of users. |
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Keep in mind as well that the protocol is mutable as long as people agree to change it.
Saying BTC is doomed to fail as it's living alongside a multitude of other cryptocurrencies that attempt to solve its shortcomings is also a dubious proposition to me. Take for example the Mina Protocol[0], which eschews proof of work, huge blockchains, and slow transaction speeds for solutions built on top of zk-SNARKs.
If BTC has value as a long-term store of wealth, and if other cryptocurrencies exist to transact at faster rates with more liquid capital, and if that capital can flow between systems freely (as fast at BTC will allow), then every system is working as designed, right?
0: https://minaprotocol.com/