a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
madmatt112  ·  2281 days ago  ·  link  ·    ·  parent  ·  post: Everyone is getting hilariously rich and you're not

Ah, yes - I knew that! But had forgotten. I was sure I was missing something but wrote anyways. Thank you for correcting me :)

Even so, I still feel that being able to double (or whatever the fork decides) the amount of "valid" coins in circulation - even if they're forked coins, on a different mining network, with different code, etc. etc. etc. - with a 'simple' fork critically undermines the claim that cryptocurrencies (bitcoin in particular) and their holders will benefit from deflationary supply. Which means that we end up trusting each other that forked coins won't be dumped into markets, or used to manipulate systems, and then we end up back where we started - having to trust that people won't fuck with the "trust-less" blockchains.