Alex Morkos discusses the upcoming Scaling Bitcoin conference in Montreal and how consensus and decision-making function in decentralized blockchain networks.
“No, I don't think the point is to, you know, gather all the bigwigs in the room and make decisions. That's not how a system like Bitcoin works. I mean, everyone makes their own decision, and the idea is to have all the information come together so people can Sort of agree on what the best path forward is.”
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More from Alex Morkos
PredictionNot checkable as stated
Morkos: Non-consensus hard forks could split Bitcoin into two currencies
“You might end up with two separate currencies instead of everybody moving over to the new currencies.”
Alex MorkosJan 2, 2019▶ 6:49a16z Podcast | Hard Forks, Hard Choices for Bitcoin
“I think that's why you know, a proposal like Adams, which sort of gives you that temporary breathing room, and in the long term, more time to implement the right solution, may make a lot of sense.”
Alex MorkosJan 2, 2019▶ 12:34a16z Podcast | Hard Forks, Hard Choices for Bitcoin
Insight
Morkos: Splitting Bitcoin harms users due to monetary network effects
“Everybody would be disadvantaged if the sort of value of Bitcoin was split into two competing currencies. Money has such a strong network effect that you know, that would be bad.”
Alex MorkosJan 2, 2019▶ 15:40a16z Podcast | Hard Forks, Hard Choices for Bitcoin
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