jhwang5 comments on “Dogecoin’s inventor looks to the past for insight into the future”

jhwang5 comments on “Dogecoin’s inventor looks to the past for insight into the future”


> If the Bitcoin (for example) community really buys into the idea that we need to bail out some set of organizations, it’s possible to execute a fork to do that. And the number of validating bitcoin clients out there is pretty large, so it would require a lot of buy-in.

With crypto, you are essentially switching the authority figure from an elected government to a bunch of faceless miners forming an oligarchy.


link

By:jhwang5
Source:https://news.ycombinator.com/item?id=16137950