Cryptocurrencies' crowd source incentives prevent collapse into one crowd
bitcoin, crowdsource, geek stuff, liberty, open source
The disruption in cryptocurrency markets this week, when Bitcoin sorta split into two, was the result of disagreements between different interests about the technology and crowd-sourced methods used to run it. It was also inevitable and purposeful – cryptocurrencies are intended to rise and fall according to the cumulative decisions of millions – eventually, billions – of sovereign, individual users, who won’t always agree with each other.
Bitcoin’s underlying software can’t keep up with the growing number and speed of transactions between its users.… More