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by anopows
3260 days ago
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How do you define user support? All the definitions I heard are able to be manipulated easily: -The/r/bitcoin consensus? Is mainly in existence because of censorship -User wallets online? Can be easily created with AWS instances -Bitcoin core? Who decides these bunch of people are in charge to represent all users and not a bunch of other developers? One obvious alternative is to let Bitcoin follow economic incentives: Bitcoin miners gain Bitcoin, so they have a vested interest that their income is and stays valuable. Thus why not let the miners decide. This is also the only place where you can't influence/manipulate Bitcoin easily. |
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Quite simply, the coin price indicates support. After the split, there will be two versions of the Bitcoin network with independent prices. A non zero price indicates non-zero support, and as long as it's at least 25% of the original price, it'll probably be okay.
A high price indicates high support.
In the long term, the hashrate follows the price. Miners will mine the coin with the highest price, because they can't afford any other option. Electricity is expensive.