Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
toknormal
on 07/02/2015, 03:02:14 UTC
Different more stable alternatives will take its place as basemoney. Bitcoin is  on the best way to sink into obscurity - this hardfork just speeds it up.

It is not the job of "base money" to be stable against other currencies. Base money doesn't give a f*ck what its value is or even whether it has any - its job is to function as a monetary medium of high integrity which means resistance to counterfeit, fungibility and tranrsmittability.

In a physical market, many things fulfill that role. In an electronic platform only cryptocurrencies can fulfill that role - in other words they can be transmitted on an electronic platform without the need for a counterparty (bank).