Hypothetical question: if a new technology came out that was better than #bitcoin in every way (decentralisation, SoV, coin distribution, or whatever else you can think of), would you embrace it, or reject it and keep pushing Bitcoin?
Before I get flame roasted... I don't know of any such technology. I'm just posing a hypothetical to see whether people are backing 'the general idea of Bitcoin' or just backing the specific Bitcoin ledger we all know today.
Someone would have to invent a new paradigm of money for me to be convinced, like bitcoin did. Basically if it’s not a *completely new form of money* i wouldn’t consider it. I don’t know how someone can make something that’s actually better, although many people probably thought the same thing before bitcoin was invented.
I think bitcoin will ride till yes maybe in the year 2103 some kid will create a new system because something went down with bitcoin. We have to remember that the best developers haven't been born yet.. but in this lifetime my lifetime im convinced its bitcoin to an unborn makes something new in the future...
My only hope is that me or progeny will see it and be mindful enough to embrace and move away. All currencies die...
Yes, the goal is to bring in decentralised finance and also decentralised technology as a whole.
If something better comes along let’s adopt it.
I don’t really understand Bitcoin maximalism, particularly when Ethereum is objectively better for decentralised technology.
Idk how you can say its objectively better. PoS is literally subjective consensus. Not sure if you're being ironic, but here's a short lesson if not:
In PoS validators can build two different ledgers at zero cost, and the only way to know which ledger is the real ledger is to connect to the network and see which ledger all your peers consider to be valid: i.e. subjective decision
In #bitcoin, there is an objective way to determine which ledger is correct: choose the ledger with the most work. No matter what your peers say, or what the devs say, you know the 'best' ledger is the 'heaviest' ledger. No subjectivity allowed.
Ethereum maxis will even admit this... its not exactly controversial. Ethereum sacrifices objectivity to save electricity. #bitcoin burns electricity for objective consensus, because Bitcoin was built for the real world, where you can't trust your peers to be honest.
I should have clarified what I meant.
Ethereum was built to build decentralised technologies with smart contracts and the EVM.
I know Bitcoin now has a form of smart contracts but they’re still simple in comparison.
Not sure how that relates to the OP, however, sacrificing objectivity does not empower decentralizaed consensus. At best you'll get decentralisation without consensus (e.g. everyone forms their own truth), but more likely you'll get centralization. As it pertains to OP, idk how this can be considered an improvement to Bitcoin
I’m still new to decentralised technology and cryptocurrencies so I’ll get things wrong.
I’m not saying that Ethereum is overall better than Bitcoin. I’m saying it serves a different purpose through the use of smart contracts.
Bitcoin could develop its smart contracts out more but I don’t see that being the right move. Bitcoin is a form of currency. Ether is as well but it’s used more for paying fees for running smart contracts as opposed to goods and services
