Re:Bitcoin is eating itself
by bantunes on Monday May 01, 2017 @06:13PM
(#14242206)
Do you think that's a fair comment on the article?
[ Parent
| on HN ]
Hang around in a place like r/bitcoin, and you'll find that criticism is often met with redirection toward fiat rather than having a legitimate discussion about how to address shortcomings.
Shortcomings should be addressed by forking bitcoin into yet another altcoin and demonstrate the proposed improvement over there. We now have 700+ alternative "altcoins" in circulation, most of them demonstrating pretty much nothing at all. Real breakthroughs are once in a blue moon, while all kinds of useless criticisms are plentiful. In that sense, we do not want to have a "legitimate discussion" but to observe legitimate altcoins embodying improvements, while they are performing in the real world.
Is a legit concern. Money can be distroyed also but is just reprinted. Bitcoin could implement a similar procedure in some way for marking lost bitcoins and regenerate it.
On the other hand, If a crashed hard-drive contains some money, maybe at some point could be economically feasible to try to recover and copy it in a laboratory?.