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57 sats \ 5 replies \ @Scoresby 5 Feb \ parent \ on: Fama: Bitcoin is Dead (Promarket/Capitalisn't) econ
I don't see this as a pointless argument. My goal is to determine whether bitcoiners are able to exert more influence on the outcome of a fork via selling their fork coins than if they were to simply yell and scream about how evil the fork coin is.
It is a very widely held belief among bitcoiners that in the event of a fork all the hodlers will awake from their slumber and crash the side of the fork they don't like by selling their fork coins.
James O'Bierne made exactly this argument recently.
I think bitcoiners are deluding themselves in this belief.
I will bring here a must read post by Mircea Popescu
http://trilema.com/2015/if-you-go-on-a-bitcoin-fork-irrespective-which-scammer-proposes-it-you-will-lose-your-bitcoins/
and this one too, is quite funny
https://bitcointalk.org/index.php?topic=1960821.0
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I do not see anymore those real bitcoiners from 2010-2017...
People nowadays are such pussies and shitcoiners that a fork will be viewed and welcomed only as a new opportunity to make more fiat crap.
Not every bitcoiner knows that power of holding the real coin. Just look how many UTXOs are still from pre-2017 fork...
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Not every bitcoiner knows that power of holding the real coin. Just look how many UTXOs are still from pre-2017 fork...
The fork itself adds supply, not the act of dumping. Selling just shows whether there’s real demand or not. Back in 2017 most of us just dumped BCH/BSV for more BTC — didn’t hurt Bitcoin one bit. These days I just check with tools like Bitcoin Fork Recycler
to see if there’s even anything worth bothering with.
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"hunting" forks for more BTC is interesting, but I think is too much hassle if the rate is not attractive...
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I use a tool called the BitcoinForkRecycler: https://bfr.sate.tools/
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