No, it’s all price at the end of the day. Convicted hodlers of one chain rapidly dumping the other fork sets price action in motion that snowballs
While I agree that the number of nodes running each fork would correlate with the winning fork, I don’t think it’s causative. Node count just represents the number of different entities that want to verify the chain, which is downstream of the value of the asset.
Price in dollars?
Price in meatspace goods and services, popularly measured in dollars
Perfect phrasing, lol
I measure meat space price in Bitcoin. Just like I measure concrete in Cubic Yards. So far it's deflationary. I don't measure Bitcoin in an arbitrary dollar that has no denominator.
The dollar has nothing to with what I’m saying.
If Bitcoin forks, producing “Bitcoin A” and “Bitcoin B” chains, the victory of one chain or another will be determined by a small number of people confidently and immediately dumping one to buy more of the other. This will dump the price of one relative to the other, and the “wait and see” folks will get the hint and pile on.
The result is determined by the number of die-hard hodlers of one asset vs the other.
The fate of the losing fork will be sealed by those people who go “look at that, free dogshit” and sell it as fast as possible, while still hodling the coins they consider “real bitcoin”
It’s not quite that simple, because there have been hundreds of Bitcoin forks and not all of them have had the privilege of getting dumped like BCash
First, a fork would have to have enough momentum or interest in it for there to be a market made for it (listed on exchanges, able to find buyers, etc.)
If there isn’t infrastructure and at least some community, mining, and economic holder support, forks are irrelevant.
We are probably past the point of a successful hard fork being possible.
There are no forks of Bitcoin with a bigger market cap than Bitcoin, they have all been dumped like I am saying
A hard fork would need to be so convincing that more hodlers dumped the non-fork coins to buy more fork coins than vice versa
I agree with you that this sounds very unlikely to ever happen
