11 sats \ 2 replies \ @028559d218 12 Nov \ parent \ on: Competition and trust in the private provision of money | Article Review BooksAndArticles
Anyone who wants to hard-fork and 'inflate' their Bitcoin by changing the monetary policy (for example by printing themselves a million Bitcoin) can go ahead right away and do so.
I won't be changing my node however. And there, in my opinion, is the solution. Plebs running nodes
write
preview
11 sats \ 1 reply \ @SimpleStacker OP 12 Nov
What if you're the only person who doesn't update your node, though? And everyone else does? I think that's the conundrum for Bitcoin with regard to fixed monetary policy.
reply
11 sats \ 0 replies \ @028559d218 12 Nov
Updating a node... to increase the issuance rate devalues one's own holding, hard work, and savings. Nodes are the world's HOA of Bitcoin.
And HOAs if you have any experience with them are down-right militant. That's why it's important that people run nodes and Bitcoin generally speaking doesn't change (and it won't). Bitcoin needs time and education.
reply