The state sponsored blob will support these projects.
The biggest risk to Bitcoin is if they can pull miner/pool incentives toward anything other than the Bitcoin token itself. Real world assets or financial assets on the Bitcoin chain that earn revenue for miners will give regulators a hook.
Miners will support forks that protect their revenue stream - if that stream has "bonus" revenue (merge mining) from other assets such as stable coins, they will care less about the decentralized and uncensorable benefits of BTC.
Ordinals as jpegs are not a threat, but tokens for regulatable assets are.
Jayson
npub1wz…cug32
2023-12-25 00:54:20
in reply to nevent1q…9lke
Author Public Key
npub1wzp348tn0w5kxe2w5amsg2079w93l6hqj0new5ugzmpvr6twgy0s3cug32Published at
2023-12-25 00:54:20Event JSON
{
"id": "a268a214e61713d89f9e15789fa2fac29a5cee0ca5cd73b26171135afcdf637e",
"pubkey": "70831a9d737ba963654ea7770429fe2b8b1feae093e797538816c2c1e96e411f",
"created_at": 1703465660,
"kind": 1,
"tags": [
[
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],
[
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],
"content": "The state sponsored blob will support these projects.\n\nThe biggest risk to Bitcoin is if they can pull miner/pool incentives toward anything other than the Bitcoin token itself. Real world assets or financial assets on the Bitcoin chain that earn revenue for miners will give regulators a hook. \n\nMiners will support forks that protect their revenue stream - if that stream has \"bonus\" revenue (merge mining) from other assets such as stable coins, they will care less about the decentralized and uncensorable benefits of BTC.\n\nOrdinals as jpegs are not a threat, but tokens for regulatable assets are.",
"sig": "8bfd29af8ad60d2e8788478f5831494cdb85df9d5f23965be4671405fda01b39fd89a270df8c9ac18b531ac93349dd3ab1386b6df2ae6e81fb8f6a6740985302"
}