HanShan on Nostr: yeah mister_monster has been telling me about that. essentially the design choices ...
yeah mister_monster (npub1m5s…gjl3) has been telling me about that.
essentially the design choices Bitcoin has made incentivizes hodling.
but hodlers don't pay for network security.
its kinda a big problem.
and since bad money chases out good money,
its easy to see a scenario where large, powerful players use violence to monopolize the network,
and issue a shitcoin (Backed By Bitcoin ™) for people to actually use for txs,
while they hoard the actual capital.
And nobody actually wants to SPEND their BTC anyway so there's not a lot of incentive to resist.
but like you say
its uncharted territory.
¯\_(ツ)_/¯
essentially the design choices Bitcoin has made incentivizes hodling.
but hodlers don't pay for network security.
its kinda a big problem.
and since bad money chases out good money,
its easy to see a scenario where large, powerful players use violence to monopolize the network,
and issue a shitcoin (Backed By Bitcoin ™) for people to actually use for txs,
while they hoard the actual capital.
And nobody actually wants to SPEND their BTC anyway so there's not a lot of incentive to resist.
but like you say
its uncharted territory.
¯\_(ツ)_/¯