Q:Why use cassette tapes?
They’re cheap and easy to produce and have the potential to look amazing. They force people into an often new and unusual listening experience away from mp3 culture that can give them more of an appreciation and sense of patience when it comes to listening to music that is often lost these days. It’s not really about the sound quality for me or anything.
But the sensible thing to do is to implement the few simple fixes to align miners’ incentives with those of the greater Bitcoin community. Once pools are eliminated, the constant pleas on Bitcoin forums to avoid the biggest mining pool will cease. Once selfish mining is fixed, there will be no fear that large (>33%) miners will unilaterally deviate from the honest protocol prescribed by Satoshi to mine selfishly and obtain rewards out of proportion with their mining power. And once the network propagates all orphans, it’ll be easy to detect the small (<33%) selfish miners. These fixes do not make Bitcoin perfect, and there may still be other issues to fix, but they fix the most important issues in a way that respects the existing investment in Bitcoin infrastructure. - See more at: http://hackingdistributed.com/2014/06/13/time-for-a-hard-bitcoin-fork/#sthash.r2KODpwy.dpuf
The core innovation of Bitcoin is not going away, and it is deeper than currency.
What has been introduced to the world is a method to create decentralised peer-validated time-stamped ledgers. That is a fancy way of saying it is a method for bypassing the use of centralised officials in recording stuff. Such officials are pervasive in society, from a bank that records electronic transactions between me and my landlord, to patent officers that record the date of new innovations, to parliamentary registers noting the passing of new legislative acts.