Aion Hack Version 2.51

Every four years, the number of Bitcoins released in relation to the previous cycle gets reduced by 50%, along with the reward to miners for discovering new blocks. At the moment, that reward is 12.5 Bitcoins. Therefore, the total number of Bitcoins in circulation will approach 21 million but never actually reach that figure. This means Bitcoin will never experience inflation. The downside here is that a hack or cyberattack could be a disaster because it could erase Bitcoin wallets with little hope of getting the value back.

In the future, as Bitcoin goes mainstream, the Bitcoin client will be a closed source application as well. Everyday software development becomes more and more difficult as developers struggle to find support. Eventually the community will turn to Bitcoin developers for help. Imagine a Robin Hood scenario where the Bitcoin community form a support team for the developers to assist them with integrating their code into the client. Developers will have to pay a fee of a certain amount of Bitcoins for minimum security privilidges (to guarantee they are not a false hacker) and then a charge per use for a custom client they create. Once the coin is in circulation, and the use field is more difficult to manipulate, then they are less likely to be able to create custom clients. If a developer has created a majority of Bitcoin client code, then they will move into as a custom application for their own enterprise client, and to release an open source version of their own for individuals to integrate into their own clients. The combination of coins has a huge value, but is controlled by a few hands. So if those developers are not able to distribute their code freely into the community during these times, where will the new developers come from?

If you compare the early beginnings of Bitcoin to the current state, obviously it is a drastic change. But we are nowhere near a true micro-society where every single person is involved in one thing, either money or tech, and everyone is connected through it. The idea of everyone being able to buy and sell blocks of assets is a huge paradigm shift. Once implemented, it means a decentralised monetary system for the first time in a long time. A decentralised monetary system using a distributed MPC would create this kind of market for people, and would take a long time to reach that state.

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