MindMining on Nostr: If Bitcoin is adopted by people you don't like, is it still Bitcoin? If "who adopts ...
If Bitcoin is adopted by people you don't like, is it still Bitcoin?
If "who adopts bitcoin" is not part of the Bitcoin protocol, how will adoption change Bitcoin? I think "Bitcoin doesn't care" applies here.
In order to compensate for increase in adoption (or decrease) has already been taken into account with the use of dificulty ajustment, so popularity does not affect (block) performance
If states adopt bitcoin scarcity increases initially.
As soon as states step away from using the Bitcoin protocol (out of convenience?) then the lie can start again that there are more IOUs than there are bitcoins. It will affect people depending and trusting those IOUs. It won't affect self custody bitcoin and it won't affect the Bitcoin protocol.
If "who adopts bitcoin" is not part of the Bitcoin protocol, how will adoption change Bitcoin? I think "Bitcoin doesn't care" applies here.
In order to compensate for increase in adoption (or decrease) has already been taken into account with the use of dificulty ajustment, so popularity does not affect (block) performance
If states adopt bitcoin scarcity increases initially.
As soon as states step away from using the Bitcoin protocol (out of convenience?) then the lie can start again that there are more IOUs than there are bitcoins. It will affect people depending and trusting those IOUs. It won't affect self custody bitcoin and it won't affect the Bitcoin protocol.