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115 sats \ 5 replies \ @OT 8 Jan \ on: How to run an economic node bitcoin
It might make sense to keep both coins and just to use the side you believe in for transacting in. When there's a clear winner after a few years you can proceed to dump the loser. That may mean dumping the chain you had been using too.
That's the investor use case. An economic node (eg a merchant) needs to pick a coin to receive for their goods. Or, they can accept multiple coins/forks, but at minimum that creates a confusing and convoluted UX for their customers.
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Does this mean you are using and buying bitcoin (currently) just beacuse it has the highest price in fiat terms?
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Not necessarily. Just the most decentralized one with the most network effects.
If you're really tied to one side of the fork for idealistic reasons then you can risk going down with the ship.
If technology like atomic swaps is available and easy to use I guess you can hold whatever you like and the business can accept whatever they like.
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Idealistic reasons? So you are one of the NGU crowd.
Being tied to a particular ideology or group can blind you to the bigger picture. I’m for whatever works best for the ecosystem as a whole, not just a specific faction or the biggest price.
Principles are great, but if they’re not backed by actions and progress, they’re just empty words. I’m looking at the Bitcoin ecosystem as a whole, and I see a lot of fragmentation and infighting. If we can’t come together and work towards a common goal, then what’s the point of all this?
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Certainly more people are currently willing to pay more for bitcoin today than they were a year ago.
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