Yes, these are examples of how competition improves bitcoin internally. But why would people want to get their hands on bitcoin, if a superior cryptocurrency arrived? For instance, one that was also open source, but faster, more quantum-cryptographically resistant by design?
I'm asking not why people should be bitcoin maximalists. I'm asking why bitcoin maximalists want not to compete with other alternatives. In my view, removing yourself from competition, that kills your species.
reply
deleted by author
reply
Indeed, what else?
I'm not advocating for any specific coin. I do like monero, if that's relevant to you, but I'm sure they have issues as well.
What I am saying is, since we don't know "What else?" exists or can exist, taking the position that "nothing else should exist" is a certain death sentence. Evolution, you know. Without natural selection, you suddenly realize that you are not the gods of the earth, but the indigenous tribes of south africa. You realize it when the spanish come.
reply
XMR is also FOSS. And it isn't a fork of Bitcoin.
Can XMR devs stop users from selling? swapping? forking? If you can opt-out that barely matters.
What about other forms of centralization like ASIC mining mostly being produced by two manufacturers and concentrated on large coporate mining farms?
How about Bitcoin Core being ~99% of node software? https://luke.dashjr.org/programs/bitcoin/files/charts/software.html
Foundry and Antpool produce almost 60% of blocks. Their mining pools also require KYC.
Tail Emission and Dynamic Blocksize is a better choice for something trying to be an MoE p2p digital cash. Bitcoin will be unuseable by 90% of the world and only sparingly by the rest with it's growing tx fees and limited blockspace. The more you use it the poorer you get. https://monero-bitcoin-fees.vercel.app/
Almost 15 years and Bitcoin is still not private and not fungible in the real world (not only on a protocol level). Far cry from Eric Hughes Cypherpunk Manifesto.
You can claim the properties of Bitcoin make it a better SoV than Monero. But ultimately, any future price prediction is speculation. You can only control supply, but have no control over the other side if the equation. The fickle winds of demand.
reply
Wonderful to see some sense after this deluge of speculators (who refuse to look at their speculated winners competition, no less). Thanks mate
reply