What if Bitcoin was reimagined today, under modern cryptographic assumptions, using a principled minimalist architecture designed for long-term auditability and zero-trust adversarial environments?
Bitcoin biggest success wasn't because it was decentralized or a digital currency
But because of the financial crisis that took place as the time
That made many realised the flaw of centralization which in turn pushed the need for a decentralized system.
It may have failed or became a centralized system and neglected POW.
This is not true. For a long time, most people ignored Bitcoin. If what you say was true, a lot of people would have rushed to Bitcoin as soon as they first heard of it. Generally very few people still care or understand the flaw of the central banking system. If bitcoin was not a decentralized cryptocurrency with sound cryptography, it would have died a long time ago so you are very wrong here.
What if Bitcoin was reimagined today, under modern cryptographic assumptions, using a principled minimalist architecture designed for long-term auditability and zero-trust adversarial environments?
We can talk about these ideas in theory, but it is impossible to recreate the environment that led to the creation and continued existence of Bitcoin. There will never be anything similar to Bitcoin, where decentralization emerged naturally to the point that it is at now. All altcoin creators fail to understand this, or maybe they don't care because they just want to get rich.