NoeBoties_Fool on Nostr: As he said toward the end. The legacy actors have shareholders. If they can and do ...

As he said toward the end. The legacy actors have shareholders. If they can and do cause a fork and THEY choose one for THEIR customers, THEIR customers ONLY get only one coin. I get both. They can pick one for their customers because they have custody. Not your keys..... They don't have custody of my coins, nor should they yours. My node, my rules. They don't just need a bunch of coins, they need a bunch of miners and a bunch of nodes to change the rules. Sure, some or even many miners will follow their lead until it becomes less profitable. The difficulty will adjust and tick tock next block will continue for BTC. It's not like this is something new. The Block Size Wars showed us how this will end.

They'd fail at their fiduciary responsibility if they chose one fork, but that's not my problem. He also repeated that everyone he complains about is only interested in NGU. Many of us on 'team orange' as he calls it aren't in it for NGU. That's just a byproduct. A price crash from a Legacy system dump only benefits HODLers in the long run while it will weaken team legacy. I will have more of what will always be BTC and they will have legacy's version which will eventually fall as it will basically become a fiat. Over 50% of the total supply is in the hands of HODLers. If team legacy finance dumps it, they'll have even more. The volume in stable coins matters little as they are all fighting over the small % which is for sale. The volume is high because of traders and speculators. As the trading supply reduces even further due to ETFs (which by definition will move toward Hodling status as well) the all important (to some) volume of stable coins will drop as well except as it correlates to the rise in price of the assets it's chasing. I don't know anyone who holds stable coins for anything except trading. It's the only place it makes sense. You either have stable coins to trade with a goal of increasing fiat or increasing your chosen crypto. Winning and loosing will depend on your end game goal. Mine would be increasing BTC but I don't trade anymore.

So, lets say the new system won't let you buy real BTC on their system or without stable coins. What becomes of their new coin and the volume of stable coin trade? There are already markets outside of the legacy (regulated) systems. They'll just grow and multiply to meet demand. Yes things will become more difficult. But, we always knew it would. Regulation always promotes black and grey markets. Hundreds of attempts at various prohibitions have shown this for thousands of years. You can't stop an idea or product who's time has come and is in demand.

Rough waters ahead? Probably, but what's new. 'Then they fight you....' has always been on the horizon.