What if you end up Bcasher?
0 sats \ 26 comments \ @designsats 30 Jul 2023 bitcoin
Allow me to explain. What if, in a decade, normies decide to fork off Bitcoin because "muh fees" and establish infinite inflation? Would you remain if the original were to go down in value? Would you go down with ship for your principle or switch to normiecoin?
I would die on this hill!
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0 sats \ 0 replies \ @designsats OP 30 Jul 2023
So far it seems you guys dont have clear answer... notable
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0 sats \ 16 replies \ @premitive1 30 Jul 2023
LOL@suggestion a shitcoin would replace bitcoin.
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0 sats \ 2 replies \ @AJ1992 31 Jul 2023
It will replace bitcoin because bitcoin refuses to adapt and address the issues that other blockchains have fixed. Like volatile fees that are not cost-effective or free along with unknown confirmation times which include in some instances an hour between blocks being generated. The bitcoin maxi crowd refuses to accept bitcoin's blockchain has any flaws at all, and that's why bitcoin will eventually die if lightning doesn't save it's ass.
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0 sats \ 0 replies \ @designsats OP 1 Aug 2023
No blockchains solved it while remaining decentralized... Miners already have to deal with volatility so why couldnt they continue? There will always be bear and bull for miners as well.
So in my hypotetical scenario, you switch to normie inflationary BTC?
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0 sats \ 0 replies \ @premitive1 31 Jul 2023
they just implemented a softfork a few years ago, just as many years ago as Bitcoin Cashers have been crying that it would replace Bitcoin. Cry harder.
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0 sats \ 12 replies \ @designsats OP 30 Jul 2023
Yes. Lets say. Would you switch or suffer losses?
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0 sats \ 11 replies \ @premitive1 30 Jul 2023
You have work to do. I lose nothing unless I lose my private keys. NGU is a feature of bitcoin, not the point of bitcoin.
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0 sats \ 10 replies \ @designsats OP 30 Jul 2023
So go down with ship if need be :) okay
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0 sats \ 9 replies \ @premitive1 30 Jul 2023
"down with the ship" is an extremely naive conclusion.
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0 sats \ 8 replies \ @designsats OP 30 Jul 2023
So you would switch to inflationary "bitcoin"?
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1 sat \ 7 replies \ @premitive1 30 Jul 2023
In a fork no one needs to switch because your private keys work in both.
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0 sats \ 5 replies \ @designsats OP 30 Jul 2023
So you hold Bcash, BSV and rest? Thats shitcoinery brother. Not good.
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0 sats \ 0 replies \ @designsats OP 30 Jul 2023
Ok, avoiding answer is answer too....
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0 sats \ 5 replies \ @nightsofbitcoin 30 Jul 2023
We’ve seen what happened with Bcash and its subsequent hard forks. I’ll stick with the tried and true original.
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0 sats \ 4 replies \ @designsats OP 30 Jul 2023
Even if it happened?
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0 sats \ 3 replies \ @nightsofbitcoin 30 Jul 2023
Bitcoin is never going anywhere close to zero.
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0 sats \ 1 reply \ @designsats OP 30 Jul 2023
Year is 2023, Bitcoin is at 1M usd, USD is in shitter, fees are as expected. Normies screech and convince 70% of users its needed. Bitcoin forks and inflationary BTC becomes dominant. wyd?
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0 sats \ 0 replies \ @designsats OP 30 Jul 2023
*2033
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0 sats \ 0 replies \ @designsats OP 30 Jul 2023
ofc but can you answer?
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0 sats \ 1 reply \ @OriginalSize 30 Jul 2023
Infinite inflation and higher value? Call me Mr. Ver. I am of course kidding. I'd be interested to read the story of how it would be possible.
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0 sats \ 0 replies \ @designsats OP 30 Jul 2023
Normies buy it cos its cheaper to transact.
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