The number one risk to Bitcoin right now is that the
strategy of keeping it from growing will succeed.
This strategy was demonstrated in refusals to pre-emptively bump
the block size cap ahead of full blocks.
And if SegWit SF becomes a reality, this strategy can be
continued for an undetermined amount of time (2MB is a ridiculous cap right
now, and SWSF would not deliver much beyond that).
This would result in Bitcoin losing its crypto lead and becoming
nothing but a has-been.
Bitcoin's strength is its simplicity and adoption. It could also
scale easily - there are tons of workable proposals, and even just increasing
the cap would ensure enough time to bring much more advanced scaling proposals
to production readiness.
If Bitcoin loses its top spot, this is not necessarily the end
of cryptocurrency, but it would be a big pause for thought. If Bitcoin is able
to continue growing, the concept of sound money will have been firmly
established.
We must fight for Bitcoin.
If you have hedged even a little bit, please join me in
re-investing some of those profits into fighting for Bitcoin's survival against
those who want to strangle its growth.
Run big block nodes (BU, Classic, XT, Infinity, whatever). Join
the fight against misconceptions that "Bitcoin cannot scale".
Support projects which
are taking off now to extend alternative clients such as bitcoinj, btcd,
parity-bitcoin, bcoin . Short-to-medium term, these will all become capable of
4MB+ . We need more of these on the network, and we need to support the devs
who make them. They ensure robustness and reliability of the Bitcoin network,
they bring better-designed clients
developed to a higher
standard than the Satoshi codebase, and they can ensure that Bitcoin can scale.
Monoculture is dangerous for the Bitcoin network.
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