If the fate of Bitcoin rests on the hands of a small group of people, then the project is a failure. It was supposed to be open and self sustainable.

It wasn't supposed to be like this, a very small group of people already holds (sort of) control of the fate of the system, which was supposed to be ruled purely by supply and demand. And now there's a conflict of intere$ ts. It's not a technical argument, otherwise we would all arrive into consensus.

At the end of the day, this whole BIP148/UASF argument is confirmation that the Bitcoin project had a great start, proposing a fantastic currency system, but it is bound to flop, not because of a technical limitations, but interests. I mean, what's the matter? If a small group of people can decide the fate of something, then the system ain't that special.

Bitcoin should just exist, without control whatsoever. No one should possibly be able to interfere with it. Unless somebody finds a solution that completely nullifies the purpose and existence of Jihans, it will be a matter of time until BTC dies.

submitted by /u/Sucake
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Bitcoin

[Serious] How much interest rate is sustainable, to run a scam like Onecoin? (reddit.com)

Serious question, but I’m not planning a scam.. 🙂 We read Onecoin like scams, and often it creates a bad impression about bitcoin among people. http://dailypost.ng/2016/10/02/get-help-worldwide-get-30-50-returns-investment-per-month-register-now/ It has to fail at some point, but is it sustainable with enough source (bitcoin) and marginally higher interest rates (than banks,…

Bitcoin

Marinea – Sustainable ‘Village At Sea’ – Plans To Use Bitcoin

Marinea, a company planning to establish a self-sustaining “Village At Sea’ between Miami and Cuba, plans to use bitcoin as its currency and eventually have its own electronic currency. Bitcoin, a decentralized currency with no centralized governing authority, naturally fits the Marinea goals of being an independent, self-sustaining society. Marinea is a utopian concept for a […]

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