Published on: 2014-04-05T17:29:49+00:00
The context revolves around a proposal made by Pieter Wuille to turn Bitcoin into a limited-supply currency. The proposal was posted on the Bitcoin-development mailing list on April 1, 2014, and a draft BIP (Bitcoin Improvement Proposal) was provided. Wuille believes that the current subsidy schedule of Bitcoin is no longer acceptable and argues that it is worth exploring this idea. He cites Dogecoin as an example of how easy it is to make such changes and thinks that Bitcoin should demonstrate its commitment to adopting innovative features like non-inflation.However, without more information, it is difficult to assess the validity of the proposal or its potential impact on Bitcoin. The statement raises concerns about a proposal that could potentially harm Bitcoin and attributes it to a Google employee. It is worth noting that Google has been involved in exploring blockchain technology and developing tools for decentralized applications, but it is unclear how this relates to Bitcoin specifically.Overall, the proposal by Pieter Wuille has sparked discussions and comments on the Bitcoin-development mailing list. Wuille encourages feedback on his proposal, and the full text can be found on GitHub at https://gist.github.com/sipa/9920696.
Updated on: 2023-08-01T08:31:47.284201+00:00