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Topic: Bitcoin fork which changed incentive design is not bitcoin. (Read 118 times)

newbie
Activity: 700
Merit: 0
Thank you for making it clear that bitcoin and bitcoin fork is not the same. You have saved many investors from doing the same mistake. The post was well informative and all the aspects were mentioned well.
newbie
Activity: 252
Merit: 0
Well, I have read the article and I do agree with you. Bitcoin which incentive design is changed is not bitcoin.
newbie
Activity: 252
Merit: 0
I guess this not a major problem based on this btc is the best crypto in the crypto market also they have good values in the market based on its facilities many investors like to invest if they face that types of problem this issue obviously raised but very few are telling this for my perspective its not problem.
newbie
Activity: 168
Merit: 0
Bitcoin fork is a protocol and bitcoin is the num1 crypto currency in the world. Some stages they are connected each other. But its true some coins are also wants to stay in the bitcoins position .but i think it is a tough job.
newbie
Activity: 210
Merit: 0
Actually bitcoin is the first crypto currency in the market of crypto currency. It is now the market leader and it is one of the most reliable coins in this market. Bitcoin is same as before because there is no need of this. Most of the things are same as there is no problem from the part of the investors. The said problem will be solved immediately. But these problems are almost common to all.
newbie
Activity: 4
Merit: 0
Bitcoin fork which changed incentive design is not bitcoin.

I’d like to summarize the story that “bitcoin” and “four-leaf clover” are both “situations”.

If I get a four leaf clover, I am happy.

It is because it is unusual and because it has a “situation brand” called “four leaf clover”.

“Brand of the situation” refers to the situation that “the four-leaf clover is rare, and it is said to be lucky.”

But what if you give a four-leaf clover of genetic manipulation and other similar plants as a “four-leaf clover”? I hope not to know that, but I am not happy if I know it.

Why?

It is not glad because it is not suitable for calling it a four leaf clover.

In other words, the four-leaf clover is a situation that is happening because someone began to say, “Four-leaf clover is rare and lucky”.

The clover which is made artificially into four leaves is out of the situation of “four leaf clover”.

The important thing here is roots which is said to be lucky.
It is not lucky unconditionally if it is a four leaf. It is important that the situation began calling “four leaves clover” for “four leaves that happen to be found in the three leaf clover”. It is impossible to ignore that.

For example, suppose someone spreads the propaganda that “the four-leaf clover was originally a symbol of bad luck”.

If it spreads, the evaluation of the four-leaf clover may disappear.
There is the possibility that ‘five-leaf artificial clover’ spreads instead.
Rather, the four-leaf clover itself may be someone’s business.

What is important is whether “the situation that has been defined as such” continues.

Are there still many people saying that “four-leaf clover is lucky?”

What about bitcoin?

In the case of bitcoin, consistent conclusions do not come out because the definition of “four leaf” differs from person to person.

Since definition is not clear, I think that propaganda such as “bitcoin cash is real bitcoin” will occur naturally.

So where is the definition “bitcoin is four-leaf”?

bitcoin fixes serious bugs and has not changed rules for a long time since it started working.
In particular, changes in incentive design, such as mining and fees, will not be expected in the future.
What does it mean to change parts related to incentives?

In terms of the four leaf clover, for example, “Changing the appearance rate of four-leaf” and “Say something bad about four-leaf” are the changes to the incentive design.
  • On the other hand, ASIC is like “soil that grows a lot of clover”.That’s not the case.
  • SegWit is also in place to prepare an environment where clover is easy to grow up.That’s not the case.Incentive design has not changed.
  • LightningNetwork naturally does not mention the incentive design.

Even if some people make profits, it is not a change of rules, since it is a contrivance after obeying the rule of “ Game of get the four-leaf clover” .

In other words, I think that changing fundamental “incentive design(on 1st layer)” may fall into the four-leaf clover of genetic manipulation, or the propaganda of “four leaves are evil”.

“Bitcoin fork which changed incentive design is not bitcoin.”

I think that this proposition is room for discussion.
Please spread this discussion and deepen it.

Thanks Smiley

https://medium.com/@ohtac/bitcoin-fork-which-changed-incentive-design-is-not-bitcoin-6d2fd9d1e23
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