[–] goatboy 1 point 1 point 2 points (+2|-1) ago (edited ago)
The conclusion, then would be for someone to give bitcoin some political sophistication and ease of use (cough, cough Iran, Syria, China, cough, cough).
Seriously, fiat currency is fucked if you consider Syrian urgency combined with Iranian new found hacking determination and Chinese panic to put its money somewhere. It's the geopolitical perfect storm.
If someone, I know some Russians were working on this, makes a Visa Mastercard style network or PayPal + anon style processing for bitcoin acceptance- you overcome the ease of use problem.
If you add in how much Germany is going to be fucked when Iran is invaded, you've got a 10,000 year storm incentive of disparate groups converging on the same conclusion for different reasons to each create components for something that would destroy the most powerful thing in history.
[–] Gorillion ago
I'm not up on BC. Has this come to pass?
[–] 7e62ce85 [S] ago
Yes. The chain has even split into two over it: Bitcoin Core which is increasingly looking like some kind of old style bank network and Bitcoin Cash made by the community.
[–] Mylon 0 points 1 point 1 point (+1|-0) ago
Yes, but not through any concerted effort. IT's just a natural consequence of the design of bitcoin. You have to offer a high transfer fee or miners won't bother with the processing power to include your transaction in their work. The design of bitcoin itself is also limited such that only so many transactions can be included. Thus you have a limited quantity (confirmations per block) that users must bid on to claim. This makes it cumbersome to use.
Other cryptocurrencies are designed to change the parameters of these limitations.
[–] 7e62ce85 [S] ago
Wrong: It is publicly known that Blockstream received AXA group investment (related to the Bilderberg group).