@ademczuk
I am hoping that someone can prove me wrong, but I am having my doubts about bitcoins future. Decentralised, free from whitelisting/blacklisting and useable for micropayments.
I'll give a shot at this.
Having Asic's and hardware wallets being hardcoded to the current version means that the gatekeepers (miners) are incentivised to not allow bitcoin to evolve, as their hardware investment will be obsolete. This has already started when the TREZOR hardware wallet couldn't work after a proposed code release so they rallied miners and the community to reject the change.
The miners are not the ones preventing change, and particulary not due to ASICs. Hashing data and chosing what data to hash are two different things. Political rallying of the miners to reject code changes to the bitcoin core client is not related to ASICs, it's related to politics.
I don't know the precise details of the TREZOR case but I do know that it should be possible to make transaction signing hardware that will not be obsolute unless the entire system of handing it becomes obsolete, which will not happen.
Could you link me/us to a page which describes the issue in detail?
Also, what do you know of this @adam?
The promised Bitcoin 2.0 protocols that will deliver smart contracts or crypto-equity are already too expensive. The LTB Media network advised in a podcast today that every time they distribute 'tokens/shares' through counterparty each week it costs $70 worth of BTC, for only 400 people!
And it's slow and tedious to boot! Really though, this is made on the counterparty protocol with a specialized code implementation and this is all experimental software. Treat it as such.
Bitcoin also is costing approximately $30 per transaction, paid for by the miners. This is hardily a
platform for micro transactions or use in 3rd world economies.
I disagree with this statement. It does not cost me anywhere near $30 to mine on a transaction and as a miner I should know. I also send small payments frequently and it has always worked quite well, as long as I've paid the transaction fee or used bitcoins that has been laying around for a long time.
Maybe you should try sending a small amount of value to someone very very far away, and confirm for yourself that it actually works? If you can do, and do it consistently, then you have nothing to worry about when it comes to the networks ability to confirm the transactions.
There is also the risk that the Bitcoin Foundation has been captured. Andreas' desubscription from
them for their lack of transparency is serious a red flag.
Then dig a hole in the ground, put the bitcoin foundation in it, and put the dirt back on top, then walk away. You don't need them.
