[bitcoin-dev] Bitcoin Core and hard forks
tomh at thinlink.com
Tue Jul 28 16:44:42 UTC 2015
We obviously disagree fundamentally on the role of societal adoption, in
the system that Satoshi designed.
Adoption is well ahead of Satoshi's schedule, and the measure of this is
the exchange rate. It is at once an imperfect measure, and one of the
most perfect markets that has ever existed.
As long as hardware, electric power, and bandwidth are priced in fiat
currency, the exchange rate is a critical variable to security,
capacity, and other metrics of network health.
It's not inconsistent that you consider the exchange rate irrelevant.
In fact it explains why you believe that Satoshi's timetable for
transitioning to fee incentives can be summarily tossed aside and
replaced with something you think is better.
Here's an English saying I just invented. A bunch of geniuses can do a
lot more damage than one fool.
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