Would This New Proposal Destroy Bitcoin Forever?
One of the most hallowed rules of Bitcoin (CRYPTO: BTC) going back to its inception is that nobody is allowed to take your coins from you. As long as you or the custodian you delegate remains in control of the cryptographic key associated with your wallet, the contents of the wallet are your property, and that principle is the bedrock on which the asset was built.
This week, a group of developers formally proposed breaking it. If the proposal is implemented, would it destroy the cryptocurrency's value forever? It's more likely than it sounds, so let's dive in and unpack what's going on.
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Source Fool.com
