Christoph Jentzsch
๐ค SpeakerAppearances Over Time
Podcast Appearances
And that's what currently โ there's a lot of discussions.
People are against it.
People are for it.
And they try to find a consensus but they are fighting for years now.
So there is most likely no consensus ever.
So what you can do is just do the hard fork and just split off and hope that the maturity follows you.
And if not, then your coin is worth nothing.
But if they follow you, then yes, your coin has some value.
So โ
So the big difference is everybody can play a game, take part in this game.
So I could become a miner if I want to, I could become a user, I am a user of course, and I can become a developer and do some improvements and ask for maturity to get behind me.
It is really a very special kind of decentralized governance.
Yeah, so you could become a miner for the Bitcoin blockchain, for example, but this wouldn't change anything in terms of capacity.
It can still only do one megabyte blocks.
And of course, what you could do, although it's not very profitable, to say, I will mine my own transaction.
If I have enough mining power to at least mine a block a day or so, yes, then you can get in your transaction for cheap, but you would pay a lot for this because... You're the only one.
You're the only one and you would rather say I take another transactions and get their money and it's much, much more profitable.
So it doesn't make sense from an economic point of view, let's say it like this.
But you could, people create their own blockchains, but of course they are missing the network effect.
Bitcoin 2.0 or whatever.