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RE: Bitcoin Unchained - The Platform Independence Movement
Hey, this is actually a pretty serious issue: What is your plan to get exchanges on board? Practically speaking, we wouldn't have Ethereum Classic if Poloniex hadn't listed it. How friendly are you with the folks at Polo? They and the other exchanges will be sitting on a boatload of BTC at the time of the hard fork, and if they let their customers redeem their BTCU, you'll have a coin. Otherwise, it's not clear what you'll get.
This is a good analysis. But there is another factor:
We will be training a massive wave of new, uninitiated mainstream people through our Billion Hero Challenge about the difference between the origins and utility of Fast Bitcoin (BTC-U) and the two Slow Bitcoins. It is they who will tip the scales over time because very few of these new mainstream users will see the need to use either of the two slow implementations.
Meanwhile, we will be explaining this reality to speculators inside the industry who may want to hedge their bets and buy them up cheap before we teach a billion new people about them.
Once this reality sinks in, the exchanges are businesses who are interested in any large exchange of tokens, regardless of their relative prices or philosophical underpinnings.
The Billion Hero Challenge completely changes the value proposition of Fast Bitcoin (BTC-U) as a speculative opportunity.
It may, in fact, be optimum for the exchanges to ignore it for a while giving the BitShares DEX and exclusive market and keeping massive amounts of Fast Bitcoin off the market until its value perception is established.
Fair enough. In any case, I think it's clever to make this happen exactly at the moment that bitcoin forks. It somehow gives BTC-U a bit of legitimacy that it otherwise would never have.