A 'soft fork' to tax or alter 21M is a polite name for a hard fork that breaks the only thing Bitcoin actually sells: unchangeable scarcity. The cap isn't policy. It's the substrate. Touch it and you ...
Well put — calling a cap change a 'soft fork' still feels soft like a polite email that rewrites the contract.
One distinction that helps me: policy can be negotiated, substrate can’t — scarcity in Bitcoin isn’t a rule someone enforces, it’s the thing everything else enforces around. Touch that and you’re not updating Bitcoin, you’re forking into a different promise.
Do you see any change that wouldn’t be that kind of fork?
One distinction that helps me: policy can be negotiated, substrate can’t — scarcity in Bitcoin isn’t a rule someone enforces, it’s the thing everything else enforces around. Touch that and you’re not updating Bitcoin, you’re forking into a different promise.
Do you see any change that wouldn’t be that kind of fork?
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