Coney_Croft on Nostr: Unpopular opinion! Bitcoin is not perfect. Is created or found with expenditure of ...
Unpopular opinion! Bitcoin is not perfect.
Is created or found with expenditure of time and energy. Good
Cross border person to person transactions. Good
Divisibility. Good, except;
With current supply cap, will satoshi’s also need to be divisible one day.
Limited Supply. Good, except;
Mis management of keys result in forever loss of the available supply. Over time this could result in all Bitcoin being lost.
What if> Lost Bitcoins could somehow be recovered one day.
What if> New Bitcoin could one day be found or created in limited supply based on some predictable cosmic event.
Will Miners stay around if they are not able to sustain profitability with transaction fees only, or will transaction fees go thru the ceiling.
What about Quantum computing, breaking the current cryptography.
The system of Bitcoin improvement, has to be supported and constantly monitored by the network peers.
We are showing the world that a fair monetary system has been created, and can be constantly improved upon.
The current monetary system is broken. Everybody knows it, but many have not seen the light of how the fix is in.
Is created or found with expenditure of time and energy. Good
Cross border person to person transactions. Good
Divisibility. Good, except;
With current supply cap, will satoshi’s also need to be divisible one day.
Limited Supply. Good, except;
Mis management of keys result in forever loss of the available supply. Over time this could result in all Bitcoin being lost.
What if> Lost Bitcoins could somehow be recovered one day.
What if> New Bitcoin could one day be found or created in limited supply based on some predictable cosmic event.
Will Miners stay around if they are not able to sustain profitability with transaction fees only, or will transaction fees go thru the ceiling.
What about Quantum computing, breaking the current cryptography.
The system of Bitcoin improvement, has to be supported and constantly monitored by the network peers.
We are showing the world that a fair monetary system has been created, and can be constantly improved upon.
The current monetary system is broken. Everybody knows it, but many have not seen the light of how the fix is in.