“What makes [blockchains] unique, however, is that they allow developers to write code that makes strong commitments about how that code will behave in the future. It is that property that makes it possible for Bitcoin to guarantee that there will only ever be 21 million bitcoins.“
This is either a really bad misunderstanding of how Bitcoin works or it’s just a blatant lie. The parameters of the Bitcoin mining algorithm can be adjusted if the mining community chooses to. There is nothing about the technology that mandates “how that code will behave in the future”.
This is either a really bad misunderstanding of how Bitcoin works or it’s just a blatant lie. The parameters of the Bitcoin mining algorithm can be adjusted if the mining community chooses to. There is nothing about the technology that mandates “how that code will behave in the future”.