You are viewing a single comment's thread from:
RE: Understanding Blockchain Freedom — Why So Many Smart People Are Wrong About the Value of Bitcoin
Here is the thing though. Engines/blockchain can only use fossil fuel... now. Blockchain projects like Cosmos, Wanchain, Chainlink, Kyber, EOS etc will make the engine burn all kinds of fuel from solar, hydro, nuclear..anything really. Fossil/bitcoin will only serve as a romantic antique.
I like the analogy you're going with, but again, don't underestimate the power of open source technology. ETH is moving to proof of stake, as an example I've already used. All of these technologies have conversion kits they could choose to implement (if they had the will power to do so) to use any type of fuel. If Bitcoin's value was ever truly threatened, I don't think the huge bag holder maximalists will just throw up their hands and say, "Oh well, it was fun while it lasted." When the pressure really hits, they will make changes as needed. This past April/May might have been an example of that. Nothing going on for years and then the alts start taking market share and now we have Segwit and Segwit2x and who knows what else. I agree, to make it more functional like a scripting language would take even more work, but it's all potentially possible. My hunch is bitcoin will be the big, slow, dependable, store of value while the other chains will be for experimentation and innovation. Let's not forget the DAO attack ETH had. Sometimes moving slow has advantages.