I believe that one day Bitcoin will become in danger of a 51% attack by hedge funds and governments and they will be forked out. This will likely be at least 2-3 decades or a century away though, after a bitcoins arms race.
I believe that one day Bitcoin will become in danger of a 51% attack by hedge funds and governments and they will be forked out. This will likely be at least 2-3 decades or a century away though, after a bitcoins arms race.
I thought BCH is the BTC fork.
!BBH
!GIFU
it’s a Bitcoin fork. I don’t think a Bitcoin fork will be of any relevance until after a long bitcoins arms race and it’d probably be a new fork that more of the community agrees on in the face of a more immediate threat. But if Bitcoin last hundreds of years (maybe it won’t) the ecosystem could change drastically over time
This is a possibility worth considering. For that reason, people should discover (or rediscover) the cryptocurrency which most resembles Bitcoin: Litecoin. It's mined differently, and it set its MAX to 84M LTC (compared to 21M BTC).
it’s interesting to imagine this ecosystem over 100 or a few hundred years. We could see any number of things happen.
It all depends on who adopts it and what for. Litecoin is definitely in the list of relevant old school coins. There could even be crypto revivals, old coins people presumed dead may resurface for meme or utility.
LTC and XMR are my jams, more XMR than anything for privacy aspects. But in reality, I do not plan on holding these long term, they are tools to get the real things I am looking to hold like metals, land, etc.
This is another use case for cryptocurrency: as a means to an end. Even Bitcoin is subject to this use case. Stack Sats as needed, then when your goal is in sight use them to acquire what you truly want.
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