I have been having some critical thinking lately on what the future of Bitcoin and the Blockchain technology will be. What will be the fate of Bitcoin should in case the founders of this great digital currency and assets die. It is not a wish but it is a known fact that all humans will taste the sad and irreplaceable part of this life death.
Despite that the Bitcoin technology was designed in an open source software a source code that everyone, including me and you, can inspect, modify and enhance. The effect of the founders could be felt if they are not available to in any way monitor the processes.
I don't have an in depth knowledge on how the open source software works, which has perhaps led me to more curiosity hence my question, yet I feel like Bitcoin still undergo some security guard and monitoring to safeguard it against the black-hats.
Can someone on this forum help me clarify (in simple terms) on some of the infrastructures or technologies put into the development of Bitcoin that can make it stand, forever?
You should know that Satoshi havent been found or been known by this community or the entire space which lots had assumed that he might be dead or just simply lurking in the shadows and just watching his creation flourished and succeed out basing up on what he had written on that WP. Yes, its open source and we know that updates and changes could really be done but it is really that necessary? The only problem
i do see with Bitcoin is on scability issue and the rest is really just working perfectly fine and doesnt really need any changes or updates in regards. Yes, its true that having that founder or creator to be known alive
does really give out that confidence into its investors but we have seen the different thing on here in Bitcoin on which even on Satoshis absence then it is really that still able to sit on the top of the rankings on which it is really that something shows that on how good this project is.
Everything will really matter when it comes to demand and recognition because even if Satoshi is dead(hopefully not) it could really still be able to sit on #1 in the entire market
considering that this is the origin of crypto then it is something a title or reputation that no coins or projects that would be able to replace into its place.
This is why its really not that shocking for this thing to happen even up to now.