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Good charts, bad analysis.
3 solutions are proposed, none are remotely realistic.
Here are some that I think are more realistic
-- Option 1) Bitcoin value goes down, if security budget seems threatened. Better distribution, stronger hands. More users. More transactions. Security budget no longer threateened. Problem solved! (Just need to avoid 51% attack, but I think even with much lower hashrate game theory still makes it pretty unlikely)
-- Option 2) Basically same as above, but skip the drama and just transition gradually to more transactions at higher valued bitcoin, so there's a smooth transition without there ever being a period where security budget seems potentially threatened
-- Option 3) reduce block size (just food for thought.)
Yeah, some of the people/companies referenced in the article promote solutions that involve shitcoins. So their solutions will be tainted by the fact that they don't start from the "BTC-only" premise. Which they are free to do, but it's not the premise that most people working on Bitcoin agree on.
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