On the contrary, it is so much easier to upgrade a small app every week or so because you have little to test and probability of breaking changes affecting you is minimal.
You should be upgrading all the time since day one, adding necessary infrastructure gradually as your app grows.
Not saying it necessarily will fall apart but there is a possibility. UK is already out. Hungary and Poland are very nasty EU members for lack of a better term. The tension is growing.
Personally I would much prefer EU to *reset* to bare free-trade, free-movement, no-borders ethos, removing entirety of central regulations and central governance.
Anything else individual to be replaced by communal? Like, maybe, everything? Or just the cars? There are countries already implementing what you believe is right. Please emigrate over there and enjoy.
But that would be a regress of civilization, not progress! The civilization progress is to have much more private transport and also somewhat more public transport.
I struggle with the very same problem. Even connecting a real physical SIM won't protect accounts from suspension. This is crazy because it isn't based on behavior on the platform (like posting too much or liking too much) but merely on the IP and browser fingerprint.
> Whther it's likely or not is beside the point. It's possible in theory, therefore (and this is my main point here) the digital scarcity of bitcoin is not some emergent mathematical property of the universe, it's a social phenomenon.
Correct.
> Was it? Did you get to vote on that? Or was it decided by a handful of pools and large players?
Yes, I got to vote on that with the economic full nodes I ran.
Fractional reserve is already a thing and will only increase from here. Bitcoin's scarcity relates to the base money supply and obviously cannot coerce the higher economic layers.
That said bitcoiners are somewhat resistant to extreme fractional reserve because of the strong "not your keys, not your coins" ethos.
It's much more than exchanges and miners as exemplified by the 2017 block size war, won by the users.
The scenario you are describing - while possible in principle - is unlikely. Stakeholders understand that scarcity and change-resistance is Bitcoin's very definition. Take that away and there is no value left, Bitcoin becoming another malleable shitcoin.
You are incorrect. The miner does not intermediate transactions in any way, shape or form.
Firstly, miners do not technically intermediate transactions. Transactions are fixed and sealed by the parties involved and can't be modified. Transferred funds are never in a possession of a miner, not even briefly. Miner can't take them, can't redirect them, can't change the amount, etc.
Secondly, it's not a specific miner that confirms the transaction. It is the ever-growing group of miners. Transaction finality is ever only probabilistic. If you think picking by law the "first" miner then this is completely arbitrary and 1-block chain tips are routinely orphaned in all cryptocurrencies.
Finally, many persons and businesses accept unconfirmed (not mined) transactions, for relatively low-risk goods and services.
If you really want to regulate miners (which is making a crime running certain algorithms on your personal computer - a terrible idea), then at least please come up with a new name and new framework, because "money transmitter" or "financial intermediary" is simply incorrect.