We are talking about two very different concepts here.
In the arguments I am making, I am referring to the success of Bitcoin as the success of a censorship resistant monetary technology, while you seem to be referring to the success of Bitcoin as an arbitrary Dollar number.
I would argue that the majority of Bitcoin holders don't really care about censorship resistance at this point, they care about the Dollar value – meaning that changes undermining Bitcoin's censorship resistance would likely be little opposed by economic actors (many have in fact already spoken out in favor of things like sanctions), therefore *not* reducing the price of BTC.
Your argument therefore should actually go the other way around:
Why should someone decide _against_ keeping their money on the dominant value chain to protect censorship resistance, when a fixed market cap – not censorship resistance – is considered BTC's value proposition by the majority of economic nodes?
L0laL33tz / L0la L33tz
npub1mz…q6mak
2024-12-11 13:48:03
in reply to nevent1q…kdq3
Author Public Key
npub1mznweuxrjm423au6gjtlaxmhmjthvv69ru72t335ugyxtygkv3as8q6makPublished at
2024-12-11 13:48:03Event JSON
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"content": "We are talking about two very different concepts here. \n\nIn the arguments I am making, I am referring to the success of Bitcoin as the success of a censorship resistant monetary technology, while you seem to be referring to the success of Bitcoin as an arbitrary Dollar number. \n\nI would argue that the majority of Bitcoin holders don't really care about censorship resistance at this point, they care about the Dollar value – meaning that changes undermining Bitcoin's censorship resistance would likely be little opposed by economic actors (many have in fact already spoken out in favor of things like sanctions), therefore *not* reducing the price of BTC.\n\nYour argument therefore should actually go the other way around: \n\nWhy should someone decide _against_ keeping their money on the dominant value chain to protect censorship resistance, when a fixed market cap – not censorship resistance – is considered BTC's value proposition by the majority of economic nodes?",
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