Tuesday, November 20, 2018

[uncensored-r/Bitcoin] Proof of Work Newsletter on BCH fork drama

The following post by LORD_HODLEMORT is being replicated because the post has been silently removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ Bitcoin/comments/9yu66p

The original post's content was as follows:


"The Bitcoin Cash fork drama has also been interesting. One objection I’ve heard from non-crypto people to the idea that Bitcoin is truly 0-inflation eventually is that forks themselves should be thought of as inflating the Bitcoin supply. However, Bitcoin Cash is certainly the most credible Bitcoin fork, but within a single year it’s gone from being thought of by some as a credible competitor to having its own forking event which seems likely to be very value-destructive for it. Bitcoin Cash itself was able to be a schelling point for people who wanted to try big blocks in Bitcoin, but it’s unclear what kind of consensus people who support B-ABC vs B-SV would come to. My prediction is that the ultimate destiny of most forks is to be worth nothing, and for that fact to cause a decrease in the number of forks as would-be forkers realize there’s little to nothing in it for them."


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