I agree with everything that Matt says in this video, with one slight caveat. The way to get the bitcoin that you want is to vote with your money. That is your power.
If the BTC444 fork starts with just 5% of the mining network, then it can start to get traction. The thing that will make the miners switch, is if the price of the new fork is higher than its relative hash power. For example, if the price of BTC444 is 10% of the old btc price and it has only 5% of the hash, then it is twice as profitable for the miners to mine BTC444 rather than the old one.
Miners are economically incentivesed actors, they will produce what people will pay for.
After the fork everyone will have both versions of bitcoin in their wallet. You can sit tight and play it safe, that way you will certainly end up with the winning bitcoin either way.
Alternatively, you can become an active part of shaping the future of bitcion by selling some of your spam chain bitcion for some clean chain bitcoin. It will be quite cheap at first.
Pay for the bitcoin that want to own and miners will produce what you pay for.
This is how capitalism is supposed to work.
The core devs are attempting a coup, but we have the real power.
If you think about how almost all of the OG bitcoin hodlers really don't like ordinals, then you can probably have a good guess as to who is going to win!
Peter Todd hates bitcoin and he wants to tear it all down.
He made a film in which he pretended to be satoshi.
He persistently proposes that we extend bitcoin beyond the 21m limit.
He is bullying the bitcoin core devs into expanding OP_RETURN. I have been to bitdevs meetings and I've seen it happen.
The only thing that we can do with 100KB that we can't do with 80 bytes is put more non financial data on the blockchain.
The CSAM threat is real. That is what central bankers want, it is what governments want, it is what shitcoin projects want and it is what Peter Todd wants.
They want to see bitcion fall.
Thank you nostr:nprofile1qqsggcc8dz9qnmq399n7kp2yu79fazxy3ag8ztpea4y3lu4klgqe46qppamhxue69uhku6n4d4czumt99uq3zamnwvaz7tmwdaehgu3wd3skuep026j8ly for highlighting this topic for us.
