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103 sats \ 3 replies \ @siggy47 17 Apr \ parent \ on: How to resolve the matter of the Satoshi coins without a freeze bitcoin

You posted a good article a while back about the theoretical v. engineering issues involved. Do you still have that link? One other thing. Excuse my ignorance, but who specifically are the economic nodes with all the sway? It can't be etfs, since coinbase is the custodian. Saylor certainly would have a say. Has he weighed in? Blockstream? Of course coinbase?

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67 sats \ 2 replies \ @Scoresby 17 Apr
who are the economic nodes with all the sway

Great point -- I'm treating IBIT/MSTR/Coinbase as a monolith, and I probably shouldn't. I don't believe I have heard specific statements by any of those entities about quantum. But I suspect they are closer to the Nic Carter approach than to the Bitcoin Maxi approach.

If they back a fork that burns Satoshi's coins, and people like us don't like it, there's a real possibility we become something like Bitcoin Classic. I wonder what that would do to hashrate.

Also, did you notice the change in terminology? When this debate was happening last summer it was "Burn or Steal" and now it's "Freeze or Do not Freeze." Freeze is just a nice way of saying burn.

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123 sats \ 1 reply \ @siggy47 17 Apr

Isn't Saylor supposedly a big ossify guy? He would back an ethereum DAO like move?

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73 sats \ 0 replies \ @grayruby 17 Apr

He doesn’t really have a choice. He has a legal obligation to protect the interest of shareholders. I suppose he could remain neutral and see how it plays out.

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