Re:Did Bitcoin just prove it can't scale?
by jononor on Saturday December 09, 2017 @09:22AM
(#15885903)
Adoption of Segwit (a minor change) was neither quick, easy or without controversy. It does not lend much faith in the Bitcoin community ability to deploy big changes in a timely manner.
Re:Did Bitcoin just prove it can't scale?
by etr-strike on Saturday December 09, 2017 @12:31PM
(#15886858)
The consensus rules of bitcoin are supposed to be incredibly difficult to change. That's a feature, not a bug.
Changing consensus rules is only easy if the network is centralized. That's not something I want to have in my money.
If new technology demonstrates it's value beyond doubt, upgrading the network will have vast consensus.
If superior technology comes along, what will prevent Bitcoin from adopting this, and using its network effect to outmaneuver a competing blockchain?
A couple of months ago, the Bitcoin network adopted the SegWit protocol change, which could be considered a minor fix (no major improvements to scalability). If the Bitcoin network can agree to adopt a minor fix, why wouldn’t it be able to agree to adopt a major scalability improvement as well?