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#EOS Founder Predicts Big Adjustments for Bitcoin, Says BTC Will Split Into ‘Dark’ and ‘Light’ Pools


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The founder of EOS is predicting that two big changes for Bitcoin are on the horizon.

 According to Brendan Blumer, the value of a given amount of BTC will one day be based on its transaction history. If a batch of Bitcoin has a known history of illegal activity in its past, he believes its value will sink.

 Blumer’s outlook is based on the foundations of fungibility – a property that allows a medium of exchange to be interchangeable, and also allows one unit to be divided into smaller denominations and still retain the same value. Fiat money, for example, is fungible as $20 notes are interchangeable with other $20 notes. One $20 note may also be divided into two $10 notes without losing value.

 But Bitcoin’s fungibility is a topic of debate since the history of one Bitcoin can be traced, for example, to an illicit transaction. A recipient might not want to be connected, even on the blockchain, to a Bitcoin that has a sketchy past. An exchange may also not want to trade crypto that’s linked to a bad actor or a notorious history if exposure to such assets creates a degree of regulatory concern or risk.

 Blumer also predicts Bitcoin will separate into a “dark” and “light” pool, with the former somewhat anonymous and the latter much more transparent and traceable.

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