I hear quite a lot of people say "Do what is best for Bitcoin".
aren't Bitcoin incentives to do what ever is best for you as long as you?
isn't the conflicting interests of the participants of the network what actually keeps it secure?
#asknostr #bitcoin
aren't Bitcoin incentives to do what ever is best for you?*
There will always be a difference between what *can* be done and what *should* be done.
Saying something should be done (i.e., “do what is best for Bitcoin”) implies an objective purpose for Bitcoin. Saying something can be done acknowledges agency in how the protocol is used.
It is clear from the original creator and reason that Bitcoin is meant to be decentralized sound money. It also has a known limitation (the block size) that means most of the population will never be able to interact directly with it. If what someone is doing isn't for the purpose of allowing the most people to hold sound money (so it remains decentralized), then it shouldn't be done even if the protocol allows it to be done.
Good question.
I think the main incentive is that its best to play along. Then there are others like if you can hold it longer it should be worth more in the future. If thats the case, wouldn't you invest some time, energy or sats to help secure the network? To stop it from centralizing or to help grow the network.
