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No matter what is the "real bitcoin". In technology, "authenticity" only matters to the extent that efficiency allows it.
It's unlikely to be the first time you've read my work. I like to consider myself a cryptonaught. I am someone who has spent a good part of my life exploring crypto-currencies and cryptography.
We are in ten years of the blockchain revolution. Bitcoin is no longer the only cryptocurrency. This is no longer the only digital currency. This is no longer the only Bitcoin. What is missing at Bitcoin is to compensate for the value, liquidity and interest of investors. Not to mention security. Perhaps a crypto rational world would rely on platforms allowing them to use the Bitcoin blockchain for security reasons.
I am here to tell you, reader, that there are many things that do not matter anymore. Maybe they have never been imported. First, I should present a limited parameter for what is needed to "import".
What is relevant and what will win the mbadive adoption
For the purposes of this article, "what matters" is twofold: what is relevant and what will lead to mbadive adoption.
The first thing I would like to address is the question of relevance.
I submit that the "true bitcoin" argument is twisted until the end. It does not matter that Bitcoin Core or Bitcoin SV or Bitcoin Cash is the "real Bitcoin". They are all, and they are not all. They share the transaction history of the blockchain developed by Satoshi Nakamoto. They have different use cases, different design designs, and so on. Money talks, and each of them contains billions of cash. That alone makes them all matter and neutralizes arguments such as:
There is no such thing as a controversial difficult fork.
The protocol is etched in stone. If you change it, add SegWit, add new OP_Codes, it is NOT Bitcoin.
Forks are a new competitor protocol. Bitcoin – = defined in the stone. pic.twitter.com/tA7GAScASp
– Dr. Craig S Wright (@ProfFaustus) January 21, 2019
I have spoken to many people who are familiar with the markets. I will talk to many more. It's part of my career. I am fortunate to have access to some of the brightest minds in financial technology and cryptography. A certain percentage of the time, I do not even publish these conversations or their results for various reasons. A common conclusion is: Bitcoin will always be volatile. This means that it will never be a perfect means of exchange.
The tale of three Bitcoins
I feel able to determine what is relevant and what is not relevant from a philosophical point of view. Again, for the record, in my opinion, the "real Bitcoin" is irrelevant.
There are many more relevant topics to discuss in each of these three bitcoins. In Bitcoin SV, they recently launched a mail client using the blockchain. Bitcoin Cash continues to function as a widely accepted immediate alternative to Bitcoin. Bitcoin Core is entirely related to the development of its resizing solution, Lightning Network. These topics are all relevant. The arguments that these elements are "wrong" are an unpleasant waste of time.
The second problem I would like to address is mbad adoption. Others and I came to understand that the mbadive adoption of Bitcoin could be crazy. I no longer envision a future where everyone I know owns a Bitcoin wallet and prefers it to other financial instruments. For different reasons, this is not how Bitcoin works.
Familiarity, ease of use, lack of pretentiousness
What will drive mbad adoption is the least foreign thing to the next generation of users. I am not talking about stablecoins here. In my opinion, coins are essentially a commercial instrument. They should be. They are good at what they do. They are not cryptocurrency in the sense that Bitcoin or Ethereum are crypto-currencies. They rely on the central bank system for crypto-currencies to have been developed.
I think the thing that will matter most in the next five to twenty years is the one that has the following properties:
- Familiar to the user base.
- Once used, it makes no sense to go back (like the Internet).
- Requires little or no user education.
- Is widely available.
- Lack of pretension and restraint.
The future, it is from APPs
What did I describe here?
I've described a decentralized application (dApp). The blockchain on which this new application is built will be the one that the company will reward with the most value. I believe that one of the following blockchains could play the application of the killer app. (In no particular order.)
I do not think anyone knows for the moment in which category it will emerge. And if it was something more serious than the game or the game, like the distribution of water? We do not know what kind of things today.
I think it will be open source. That its importance will be in the order of the Linux kernel itself. I believe this will play a vital role in society. And I think that will change the landscape of the cryptography market, bringing so many billions of dollars, hoping that arguments as irrelevant and wacky as true "Scottish" style illusions we see today. between different types of Bitcoin developers seem ridiculous. those who commit to it today.
Let the movement breathe
There are dozens of companies worth more than the market. As a financial instrument, it offers qualities that attract a certain type of investor. This is only the zero stage of the blockchain revolution process. Real-world applications that can not be done properly without the blockchain are the first step.
If I said that I knew step 2, I would have some kind of motive. I think anyone can tell you what is the second step, from where we are today (without mbadive adoption), has a suspicious motive. Technology does not develop in a vacuum.
The most efficient technology adapts to markets and the needs of society. The blockchain will not be different in this respect.
The childish elements of our culture are pleasant and entertaining, but at one point they hold us back.
Disclaimer: The opinions expressed in the article only commit the author and in no way represent those of NCC.
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