If Bitcoin is reliant on volunteer devs who aren’t incentivized beyond their own altruism doesn’t this mean Bitcoin as a network relies on trust?
Trust that altruistic individuals will dedicate an appropriate enough of their energy to keep it working?
bitcoin doesn't rely on altruism, it relies on game theory and incentives.
we, the network, have an incentive to support developers maintaining the project because it is worth it to us for Bitcoin to live on forever
And some governments or interest groups can have the incentive fund developers contributing to the project in order to reach their goals. The takeover over Bitcoin it’s quite scary and maybe quite natural given the world we live in.
That's the truth
Bitcoins design was retarded. Look at the market manipulation that miners are doing now.
It takes way too much power and time to process transactions
At the block chain grows, it will take longer and more power.
