Categories: Bitcoin Business

Bitcoin is the new Bitcoin, Blockstream co-founder says

Click here to view original web page at www.chepicap.com

Bitcoin maximalist and Blockstream co-founder, Matt Corallo believes that Bitcoin will be the only one, as how it was in the first place.

Speaking in a Coinscrum conference in London, Matt Corallo, the co-founder of Blockstream, expressed his excitement over the increase in diversity of the Bitcoin network.

He defended his maximalist stance towards the oldest cryptocurrency by saying, “We’ve got more experience in Bitcoin setting precedent about how things get changed. We’re more cautious. As a developer, I can’t unilaterally change the rules. I think that gives it legs over other coins.”

Although he admitted for being a fan of privacy coins, like Monero and Mimblewimble, he expressed his concern that one day all Bitcoin wallets would be “thrown away”, something that’s likely caused by what he referred as “other coins”.

“My biggest concern was we were going to wake up one day, there was going to be a remote execution of the wallet and everyone’s Bitcoin key was going to be on a Pastebin (anonymous text published online),” he said.

Corallo went on by commenting the “blooming” of the Lightning Network, “Everyone’s super excited about Lightning, even in this bear market. Obviously, it’s still early—there’s still a lot of user experience challenges.”

He believes that the LN will grow big in the future, particularly when engineers are finally able to solve the technical issues, although, he still thinks that it won’t reach everyone in the planet.

“You’re not going to have a billion lightning nodes. That’s not realistic. There is a limit and Lightning isn’t going to reach every human on the planet, at least not in custodial form,” he said as quoted by Decrypt.

Regardless of the existing issues and current state of development, Corallo, who earned the nickname “the bastard child of Satoshi” in the conference keeps his maximalist view of the largest cryptocurrency, while also trying to “convince” everyone to pick the same stance as his at the same time.

Want to receive the latest Chepicap news in your Blockfolio app? Help us to get listed by upvoting here! A big thank you from Team Chepi!

Speaking in a Coinscrum conference in […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Bitcoin Is Up Against An Extremely Important And Powerful Resistance Zone On The Monthly Chart: The Kijun-Sen (Base Line)

We can identify the price action causes of why price is finding it difficult to move higher by analyzing longer… Read More

5 hours ago

BTC ATM goes missing and no one notices

When you think of thieves stealing an ATM, the mind jumps to the idea of an exciting crime. Maybe there’s… Read More

5 hours ago

Major Swedish Bank Orders Negative Interest Rate on Euro Deposits

Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark… Read More

5 hours ago

Researchers Concur Current Bitcoin Market Cycle is Only Just Beginning

Bitcoin price cycles can be influenced by a number of factors, FOMO and public sentiment is one, and mining profitability… Read More

5 hours ago

Hopes for Bitcoin as China’s Renminbi Drops to 11-Year Low

A recent plunge in the bitcoin price is looking to negate some of its losses as China’s currency weakens to… Read More

5 hours ago

Why Bitcoin Rules in the ‘Insane’ World of Negative Interest Rates

Central banks around the world are on a negative rate binge to further a compelling case for bitcoin.. | Source:… Read More

5 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More