I'm pretty sure (though it's just speculation), that Bitcoin itself would just evolve. It is an open-source, ongoing project after all. The main reason though is that a totally viable and healthy blockchain network already exists: the bitcoin network. Any major changes or "new features" would do better to just be incorporated into the main protocol vs building another network. The entire point of a blockchain network is distribution; if you want sole control of it, you'd just run it off a server rather than P2P in a network you can't mess with.
I was thinking more along the lines of adapting the tech to things you wouldn't immediately think of. Using the idea of distributed trust to create a lightweight escrow service for example. Bitcoin is the pioneer of the tech, but its uses go beyond a currency format.
Indeed they do. You can encode information in the blockchain already, and hopefully it would scale up with increased use. One of the uses that is more immediately feasible is maintaining a deed registry on the blockchain, which would be pretty easy. But that's part of the evolution.
We're seeing Bitcoin/blockchain tech in it's absolute infancy. It could die, sure, but if it doesn't it could grow into something we couldn't imagine.
I'm pretty sure (though it's just speculation), that Bitcoin itself would just evolve. It is an open-source, ongoing project after all. The main reason though is that a totally viable and healthy blockchain network already exists: the bitcoin network. Any major changes or "new features" would do better to just be incorporated into the main protocol vs building another network. The entire point of a blockchain network is distribution; if you want sole control of it, you'd just run it off a server rather than P2P in a network you can't mess with.
I was thinking more along the lines of adapting the tech to things you wouldn't immediately think of. Using the idea of distributed trust to create a lightweight escrow service for example. Bitcoin is the pioneer of the tech, but its uses go beyond a currency format.
Indeed they do. You can encode information in the blockchain already, and hopefully it would scale up with increased use. One of the uses that is more immediately feasible is maintaining a deed registry on the blockchain, which would be pretty easy. But that's part of the evolution.
We're seeing Bitcoin/blockchain tech in it's absolute infancy. It could die, sure, but if it doesn't it could grow into something we couldn't imagine.