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115 sats \ 2 replies \ @kepford 8 Jan \ on: How to run an economic node bitcoin
I sell posters for bitcoin. If someone wants one of my posters, I ask them to pay me in bitcoin and then mail the poster to them. If my node doesn't see their payment as a real transaction, I don't put the poster in the mail. That's enforcement. They can't compel me to accept whatever random fork coin they want to send to me. If it isn't following the consensus rules running on my node, the transaction is of no interest to me and they aren't getting the goods.
Great example.
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17 sats \ 1 reply \ @fishious 18h
But then the customer gets frustrated and from now on decides to buy posters from a different merchant who accepts the forked coin, so now more economic activity ends up happening on the forked coin. So in anticipation of that, you are incentivized to sell your posters at enough of a discount, so that the customer is more willing to make an effort to figure out how to send you bitcoin that your node accepts instead of leaving for another merchant. Offering a discount is in a way paying to enforce your node's rules, or is that too far-fetched?
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60 sats \ 0 replies \ @Scoresby OP 12h
Sure, I that happens. But what we are saying in the case of offering a discount is "bitcoin is worth more to me than that other coin."
What matters is your desire for bitcoin and your ability to actually verify that whatever someone sends you is bitcoin as far as you understand it.
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