This is episode 133 of You, Me, and BTC – your liberty and Bitcoin podcast!
This week's show is all about the Ethereum hard fork and what it might mean for Bitcoin. With the help of a hard fork, the Ethereum community has now officially erased The Dao Hack from their blockchain. They now have two versions of their cryptocurrency. The old chain respects the original rules of the network and lets the hacker keep his money. The new one respects the decisions of the community instead, and lets innocent DAO investors recover their funds.
This raises some serious concerns because many Bitcoin lovers praise cryptocurrency for working without trust. But if the blockchain can be forked by majority, don't we have to trust that the rest of the network won't manipulate the rules? Have we all been fooled into joining a system that is just as flawed as our "democratic" government? The Bitcoin community needs to address these issues and today, we're here to do just that.
Tune in to hear Daniel's bold prediction about the future of Ethereum! Your hosts are Daniel Brown and Tim Baker. Enjoy!
Leave a comment and tell us if you think the Ethereum hard fork is socially acceptable or a cryptographic disgrace!
We'd also like to thank this episode's sponsor, LuckyBit.
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