Marty's Ƀent
Issue #585: Apathy + ignorance = Bitcoin killer?
The lesser discussed Bitcoin killer, as Greg Maxwell points out, is the combination of apathy and ignorance that may lie ahead.
The lesser discussed Bitcoin killer, as Greg Maxwell points out, is the combination of apathy and ignorance that may lie ahead.
I am very optimistic that things will continue to improve on the privacy front. However, it is extremely important that one acknowledges Bitcoin's current limitations.
To pull this off, Binance would have needed to coordinate with miners to rewrite the chain to change the transaction executed by the hacker. Now, that doesn't seem very decentralized or trustless, does it? Nor does it seem very practical.
Decentralization is an ideal that we strive for and the road towards a more decentralized Bitcoin is pathed by projects like ABCore, which increase the optionality presented to consumers and the potential amount of hardware devices can be used to contribute to Bitcoin's consensus.
