RE: [dtube] Do Hard Forks Dilute the Value of Bitcoin?
What will ultimately give Bitcoin it's value is the "social agreement" that it is valuable, utility is secondary. Just like the real gold. Gold for jewelry or other industrial uses does not justify it's price. Your assumption that BTC will always be the "real Bitcoin" is based on the assumption that the "social agreement" will not change. That the vast majority will view all hard forks as lesser imposters or imitations. Belief is a tricky thing.
I find it interesting that Roger Ver is called the Bitcoin Jesus rather than what he actually is, the Bitcoin Judas. He is the biggest threat to not only BTC, but the whole crypto space. This is because if the crypto disciples want converts they need to be sending one message... and that message is the BTC is universally accepted as rock solid. That it is the reserve currency of the space. That this is undisputed. How do you expect main street to accept this new "economic religion" when even the believers are not in agreement who "God" is? While it is fine to argue over who is better when it comes to ETH or NEO or EOS, as their value will be based on their actual utility, but when it comes to the crypto "store of value", there must be something close to universal agreement. This is because it is the agreement that gives it the value.
If you want crypto to succeed then you must denounce any hard fork of BTC that calls itself a form of Bitcoin. If we can make this happen then Bitcoin is not inflationary. If we fail in this then the critics are spot on in their assessment of the situation.
The forks are only a problem if we make them one. The way to avoid this is to renounce both in words and actions the heresy of B Cash and other threats to the true faith.
IMHO