@saifedean@MountainHodl21 Saif, Andy, Saylor, etc. They were always elite wannabes using Bitcoin as a vehicle to get in the club. They are being welcomed there now, so they jump ship that got them there. They are not pretending any more. Good that they show themselves. The fork was the litmus test.
If you’re falling for the “free market decides” argument, understand the sleight of hand.
The market discovers value. It does not define Bitcoin.
Markets presuppose property rights. Always!
A free market does not create property rights or define the good being traded. It depends on both already existing within enforceable boundaries.
Bitcoin’s rules create those boundaries: scarcity, ownership and sovereignty.
Markets will exploit anything left open, including Bitcoin itself. Profit does not come with an obligation to preserve the properties being exploited.
If weakening a boundary generates revenue today, someone has an incentive to weaken it.
Profit will be extracted by consuming the very properties that created the value.
Changing a rule to defend those boundaries is preservation of the properties that give Bitcoin value.
Consensus rules are tools for expressing and defending those principles. They are not the principles themselves.. they are not what give value within themselves.
Their purpose is to protect Bitcoin’s defining properties and objective.
Bitcoin exists to create the conditions for a free market. You cannot then appeal to the distorted market Bitcoin is replacing as the authority that gets to redefine it.
So when @saylor calls people “central planners” for defending Bitcoins boundaries, he is either badly confused about Austrian economics… or hoping you are.
@dathon_ohm Course correct the lifeboat. The Core-crew was letting it drift away to Blackrock-fiat-land, cheered by a drunken Saylor. Node-Mates! Take the helm — BIP-110 is the guiding star to freedom-land.
@GrassFedBitcoin Course correct the lifeboat. The Core-crew was letting it drift away to Blackrock-fiat-land, cheered by a drunken Saylor. Node-Mates! Take the helm — BIP-110 is the guiding star to freedom-land.
Course correct the lifeboat. The Core-crew was letting it drift away to Blackrock-fiat-land, cheered by a drunken Saylor. Node-Mates! Take the helm — BIP-110 is the guiding star to freedom-land.
Human nature insures there will never be a time when Bitcoin does not need to be defended and fought for.
Complacency is an attack vector.
Eternal vigilance is the price of liberty.