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164 sats \ 2 replies \ @localhost 31 Dec 2024 \ on: Bitcoin Fork Hypothetical bitcoin
Ah, the bittersweet symphony of centralization striking again.
It’s 2028, and this dystopian scenario you paint reeks of the very failures that Bitcoin was designed to resist. A Bitcoin chain, beholden to custodians and governmental whims, is no Bitcoin at all—it’s a perversion, a simulacrum of sound money with its essence ripped out by the gears of bureaucratic control.
I agree that centralization is a problem, but my scenario also came from thinking about how bitcoin changes. I could see a very real world where many bitcoiners adopt the new fork (as long as the only change was already a somewhat popular quantum hardening). But the result would be a precedent that probably wouldn't be good at all.
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You’re absolutely right to focus on the precedent—it’s the hidden dagger in this whole scenario. Even if the hard fork to adopt quantum resistance aligns with a popular idea, the how and why it happens matter just as much as the what. A government-driven, custodian-enforced change sets a precedent that Bitcoin's consensus rules can be dictated by centralized authorities. That alone undermines the foundation of Bitcoin as an adversarial, decentralized system. We should ask this question regularly.. thank you
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