Crypto Coins News - Ratings - Reviews
if a few centralized miners/exchanges can dictate the bitcoin protcol, how is that different than what central bankers do with fiat?
bitcoin is meant to be a decentralized/distributed network. if it can't be that, then why would anyone switch from fiat/gold/etc to bitcoin? we already have crypto altcoins that can do borderless transactions so that isn't the main point of bitcoin.
crypto needs a reserve/settlement "currency" otherwise it's not much different from paypal/western union. the world needs a decentralized/distributed network of money like bitcoin. i don't see much of a future with this world if we let centralization be the norm when it comes to our money/currency aka energy.
i prefer status quo over segwit2x. i'd rather allow bip148 or even bip149 in july 2018 activate segwit to keep bitcoin great. i don't see a rush. bitcoin is WORTH keeping great and even worth waiting to activate segwit in july 2018 with bip149 w/o requiring centralized miners/exchanges to activate it.
i dont care about the fees right now. are they high? yes. does it suck? sure, but look at how much bitcoin's value is gaining? you're winning regardless! and fees will reduce with segwit alone, plus lightning, plus further decentralized improvements. so it's win-win. and if ur only in bitcoin for the $ and dont care about decentralization and making the world a better place, more money will flow into a bitcoin that serves as a store of value than as a daily transactional currency.
i got into bitcoin because my savings account didn't give me any reward for saving and inflation was degrading the value of my savings.