Freezing Satoshi’s coins under any circumstances sets a precedent that irreparably damages Bitcoin’s monetary properties.
With such a precedent, how can Bitcoiners ever feel confident that their money is safe into the distant future without feeling the need to constantly “monitor the news” to see if miners are going to rug them?
*Durability* is a core property of money (alongside scarcity, portability, divisibility, verifiability, fungibility…). Gold in Tutankhamen’s tomb was unearthed perfectly intact over 3,000 years after it was placed there. You should be able to have the same confidence in Bitcoin.
A five year window for people to move their legacy coins is ridiculous! Gold’s value lies in its durability and immutability over 1000s of years.
If you set a rug-pull precedent for Bitcoin, you’d forever kill its claim to being durable and immutable digital gold.
You’d destroy confidence in its timeless integrity.
You’d turn it into ETH.
There’s simply no way anyone who cares about Bitcoin should compromise on this.
Is CRYPTO (ex Bitcoin) dying a slow death? For a decade, you were sold a lie that millions of these "blockchain-based tokens" are part of the same asset class as Bitcoin. Here are your Top 10 Cryptos going to 0 vs Bitcoin.
Draw your own conclusions. 🧵
ETH/BTC (2015-2026) 1/10
Remember when Gensler advised you to save $5 a week so you’re set for retirement at 65?
Do you think he was just disconnected from reality or straight up laughing at you?