lol it can’t adjust on public approval. It’s software that runs. It’s valuable. If it wasn’t, people wouldn’t run it.
It can hard fork with a consensus mechanism change anytime someone writes one and people decide it’s the best path forward. Ethereum decided this and did this.
That’s not happening with Bitcoin because those that understand how it works agree it’s the best system to use.
I use Bitcoin as a store of value, and Solana for day to day stuff and financial investments like lending and liq providing. That’s my preference, for now. It’s a very fluid industry, nothing is set in stone, although Bitcoin appears to be pretty solidly the preferred secure store of value.
lol it can’t adjust on public approval. It’s software that runs.
It can. Software is written by people. Its authors can build it with an update mechanism.
Crypto currencies such as Tezos have a vote-based update mechanism and a community that periodically submits algorithm changes for approval.
Bitcoin doesn’t have a update mechanism that allows smooth changes. Its take it or leave it (aka hard fork). Peole can move away from it, and it’s sad that so many still haven’t.
lol it can’t adjust on public approval. It’s software that runs. It’s valuable. If it wasn’t, people wouldn’t run it.
It can hard fork with a consensus mechanism change anytime someone writes one and people decide it’s the best path forward. Ethereum decided this and did this.
That’s not happening with Bitcoin because those that understand how it works agree it’s the best system to use.
I use Bitcoin as a store of value, and Solana for day to day stuff and financial investments like lending and liq providing. That’s my preference, for now. It’s a very fluid industry, nothing is set in stone, although Bitcoin appears to be pretty solidly the preferred secure store of value.
It can. Software is written by people. Its authors can build it with an update mechanism.
Crypto currencies such as Tezos have a vote-based update mechanism and a community that periodically submits algorithm changes for approval.
Bitcoin doesn’t have a update mechanism that allows smooth changes. Its take it or leave it (aka hard fork). Peole can move away from it, and it’s sad that so many still haven’t.