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RE: Please don't change Bitcoin, you'll break it!

in #hero7 years ago

Great post about bitcoin.

But I think that, like it or not, the truth is that bitcoin is already an outdated technology. And I go further, I think that all cryptos that still rely on blockchain technology are already outdated, because nowadays we have post-blockchain cryptos like Iota with zero fees, instant transactions and enabled micropayments.

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Yes, there are alternatives that are 100% pre-mined, which totally goes against one of the main reasons people got attracted to crypto. People seem to forget the point of mining. Bitcoin is far from obsolete. Its code will be upgraded when there's consensus. This is how democracy works. It's slow and messy but fairer than any other system. with central issuance and control. The most efficient forms of governance are dictatorships, somehow they don't seem to be very desirable.