Or to put it better if full nodes dont matter what are we doing here?
Full nodes by default are just a free redundancy for the data availability of Bitcoin, very nice help for SPV clients. But they have no power on Bitcoin.
Bitcoin is defined as the heaviest valid chain, the weight part is defined by miners, but the validity part is defined by people providing the purchasing power to Bitcoin both today but indirectly future buyers who may be running older nodes including someone running a 10 years old node.
So let's recap; Miners decide what is the heaviest chain, but miners have costs so they need to make sure they are mining a chain that is not worthless، which means the exit liquidity (from BTC to whatever fiat they need or even if their electricity provider accept Bitcoin) dictates which chain they will build on top.
So let's recap AGAIN, who decides what bitcoin is? The people who buy bitcoin every day or every week or every month or whatever... Of course sellers matter too, so if you start selling all your "Core Coins" and start buying "Bip110 coins" you are voting on the chain you want ... And if you are the majority, monetary wise (ironic right) then you will win.
What frustrates both puritans who hate opreturn, and the covenants enthusiasts who want bitcoin to be trustlessly bridged everywhere, is that most people who buy and hold bitcoin aren't actually as invested in either direction unfortunately.
Bitcoin is defined as the heaviest valid chain, the weight part is defined by miners, but the validity part is defined by people providing the purchasing power to Bitcoin both today but indirectly future buyers who may be running older nodes including someone running a 10 years old node.
So let's recap; Miners decide what is the heaviest chain, but miners have costs so they need to make sure they are mining a chain that is not worthless، which means the exit liquidity (from BTC to whatever fiat they need or even if their electricity provider accept Bitcoin) dictates which chain they will build on top.
So let's recap AGAIN, who decides what bitcoin is? The people who buy bitcoin every day or every week or every month or whatever... Of course sellers matter too, so if you start selling all your "Core Coins" and start buying "Bip110 coins" you are voting on the chain you want ... And if you are the majority, monetary wise (ironic right) then you will win.
What frustrates both puritans who hate opreturn, and the covenants enthusiasts who want bitcoin to be trustlessly bridged everywhere, is that most people who buy and hold bitcoin aren't actually as invested in either direction unfortunately.
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