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RE: er

in LeoFinance • 5 years ago

Fully agree with that, I don't think bitcoin is going anywhere. I just feel there are better systems but to the masses they simply think bitcoin and nothing else as money wont research into the other systems. If anything I see systems like Polkadot instead becoming side chains and offering faster transactions for bitcoin and ethereum instead of the core blockchains having to be updated.

For example I honestly wouldn't update bitcoin. It's proven the test of time as being secure. However there will come a day in the near future where I do believe a 51% could very well be possible and it would be done via a government up to no good.

5 years ago in LeoFinance by
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         5 years ago 

        Yeah you're on to something there. Could be Polka-dot, ETH, ADA that all provide the second layer solutions but it will be fascinating to see how it plays out.

        I didn't think about the 51% attack being a possibility again but you have a point there about possible nefarious governments coordinating an attack. Forks will be coming if that happens I think but that will be a damn expensive operation!

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