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Why Cryptocurrency Is About to Change Irreversibly - Dash Force News

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Mark Mason

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Why Cryptocurrency Is About to Change Irreversibly - Dash Force News


Bitcoin is coming to a chain split. Every passing second brings us closer to the moment when a second coin, Bitcoin Cash, will diverge from the main chain, allowing all the big block originalists to have their way while the rest of users can have another way. However, this isn’t just a case of a new coin being made. Something unprecedented is happening that will change the whole landscape of the cryptocurrency universe, never to be the same again.

Bitcoin thrived on “originalism”

The one great selling point of Bitcoin is that it was the first. It had the vision for peer-to-peer money, it had solid design and proven use cases. In short, it worked. What Bitcoin did was debut a workable model for blockchain technology that was solid, practical, and, from a certain point of view, flawless. One reason why so many have been hesitant to deploy any major changes over the past near-decade of its existence has been the fear of upsetting the mystical balance of Satoshi’s perfection. In other words, “We got it right the first time, don’t mess it up with useless experiments.”
 
That was quite a good article.

But I should also add, all those people rushing into bitcoin before the split demonstrates two things:
  1. The so called maximum cap of 21 million has effectively been breached for all those jumping in before the split, and
  2. All those jumping in before the split demonstrates a powerful combination of greed and inflation.
And there we were in crypto criticising the money printing in fiat. But then again, I never did buy into the whole "limited supply" thing.
 
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