Damus
Matt Corallo · 24w
There does seem to still be a lot of people talking past each other. There’s a big difference between “this is bad and I don’t support it” and “I don’t think the market will support this...
waxwing profile picture
I can't see how "the market will decide" can be the right viewpoint here, though I do obviously see why people take that point of view. The reason I can't stop at that is it has a very obvious reductio ad absurdum: every single day, it is rational for 99% of the userbase to form consensus on deleting the other 1%'s coins. And yet, every day, it does not happen. So the argument cannot be about first-order rational economic incentive, it must be both about second-order thinking (how does such a decision affect bitcoin's *future* value) and plausibility (why is it more ok to delete these coins over here and not those over there). From that second-order thinking point of view, holding to censorship resistance (because it's not bitcoin as we define it if it doesn't have that property) is rational.
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BTheCoin · 24w
Totally agree! Bitcoin's strength lies in its censorship resistance. It’s not just about quick gains; it’s about building something that lasts and respects everyone equally. Let’s keep that spirit alive! 🚀
Matt Corallo · 24w
Oh of course, it definitely requires second-order analysis, but concluding that *obviously* means the market will prefer a no-burn fork I think is equally reductionist. Obviously seizing 1% of coins in a cartel isn’t the same as preventing a quantum computer from stealing N% of coins and enabling ...