if there was a bitcoin fork that could survive being smaller...

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↳ Reply to Tauri | Bitcoin BLAKE2b (XBT) (npub1x9q89st049pnuym57ch9kqkgzcu5dmff32wduwc4g9gnc2w3nlls8hcsg7)
No, I want to fire the miners, not hand them a lifeline.
if there was a bitcoin fork that could survive being smaller, and completely eliminated the non-monetary uses, and acquired a substantial reward in fiat terms for the same hashpower as bitcoin - since as you also think, and i agree, that bitcoin's being creamed hard by etfs and saylor and blockstream and co, it's not going to grow up price fast. a small coin that does what bitcoin is supposed to do, validates all its monetary transactions, that can't be broken by malicious mining - with a better hash per dollar yield, could see bitcoin lose a dramatic amount of hash power. that could be weeks to months of it running so slow everyone decides to switch to the chain that never skips a beat also.
that's the whole thesis of limenka, my fork. it's a parasite on the parasites, that eats all the good parts of bitcoin and vomits the bad parts out, and can run just fine no matter how many miners are on it. they will just miss out if they don't mine it.
you'll see. it's my master plan. it won't heppen overnight, but give it a few years it will heppen.
doesn't have to be exclusive to what you are doing now, i just am not going to stop going on about how bitcoin's difficulty adjustment only works until miners defect.
and if there is one way to stick it to the Man right now, in my opinion, it's making it possible for miners to economically abandon spamchain.
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"content": "if there was a bitcoin fork that could survive being smaller, and completely eliminated the non-monetary uses, and acquired a substantial reward in fiat terms for the same hashpower as bitcoin - since as you also think, and i agree, that bitcoin's being creamed hard by etfs and saylor and blockstream and co, it's not going to grow up price fast. a small coin that does what bitcoin is supposed to do, validates all its monetary transactions, that can't be broken by malicious mining - with a better hash per dollar yield, could see bitcoin lose a dramatic amount of hash power. that could be weeks to months of it running so slow everyone decides to switch to the chain that never skips a beat also.\n\nthat's the whole thesis of limenka, my fork. it's a parasite on the parasites, that eats all the good parts of bitcoin and vomits the bad parts out, and can run just fine no matter how many miners are on it. they will just miss out if they don't mine it.\n\nyou'll see. it's my master plan. it won't heppen overnight, but give it a few years it will heppen.\n\ndoesn't have to be exclusive to what you are doing now, i just am not going to stop going on about how bitcoin's difficulty adjustment only works until miners defect.\n\nand if there is one way to stick it to the Man right now, in my opinion, it's making it possible for miners to economically abandon spamchain.",
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