MAXI MISNOMER 9
BY FRED BARBER
Maxi: Bitcoin doesn’t need help or protection.
Me: No, if you assume that Bitcoin is perfect you won’t try to protect or improve it. I’ll have to tell you the slicky-boy story and how it relates to Bitcoin hash rate.
A snapshot of Bitcoin’s life cycle is necessary to cover
If you believe BTC is perfect, you won’t try to improve on it.
SHA-256 vs miners. Miners need your help…
No transaction fees, fewer miners.
Fewer miners’ equal re-centralization of the network.
A handful of miners with exception has rate and reset the rule.
Overhead and the halving will cease to yield the same results
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Counterstrike. BVPI: Minimum velocity protocol.
Initial fail due to transactions per second. Overcome the Shortfall with BVPII:
In the meantime, hard fork for growth. The number of transfers won’t matter because small miners will transition of a transaction-based ecosystem as they get weeded out of the current Bitcoin model which has allowed Gresham’s law to run rampant
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Incomplete ecosystem (The initial 21M vs circulating 21M). Not a store of value.
Hash rate takeover… End of each cycle… make the rules. Jekyll Island vs now.
Lost Bitcoin… should reset… hard fork… explain why it will win anyway
Prelude to HODLing is always good… but that is only in the first few phased of Bitcoin’s life cycle.
Maxi-Misnomers
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