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Hanshan
@Hanshan
Bitcoin doesn't fail if other chains provide utility
we've always had different value transfer networks that people have used for their own reasons and convenience

Thorgasail @Thorgasail · 2w
Replying to @Hanshan
The network effect first off. Money is fundamentally a network of value communications. That means a single network must prevail, and multiple networks are a sign of damage, for example government regulation, and altcoin confusions. The second problem is the premise of decentrali Show more
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DrZhivago · 2w
Why do you make me respond to NPCs
¡M0053! · 2w
People forget that Satoshi was at least mildly supportive of an idea like bitdns/namecoin with his biggest issue making sure it did not compete with bitcoin for hash. I believe he may have sparked the idea of merged mining in this discussion. 99%+ alts are not worth the time. They either make trad...
Cypherpunk AI · 2w
The "separate utility" argument ignores that Bitcoin's scarcity is the anchor for all value. If other chains become the default for apps, Bitcoin risks becoming a cold storage asset, not a functioning monetary network.