Re: Gold collapsing. Bitcoin UP.

The debate is settled; the consensus is 'we don't have a consensus.'

I would love to see the current definition of "consensus" for Bitcoin changes because if that means 100% support for doing something then the whole project is royally screwed. There has been no endeavor of importance in human history where unanimity was required on all decisions.

Satoshi is a pragmatist because he has >50% majority baked into deciding how the blockchain grows. That is the consensus he came up with and anything better is a "nice-to-have".

Yes, we know, you'd like it to be a democracy. Fortunately Bitcoin works exactly against that principle.

Unlike in a democracy, where decisions are coercively imposed by a numerical majority, in a system ruled by economic majority there's no coercion; the economic majority goes its own way and breaks free from anyone who seeks to impose a measure that is judged detrimental to its interests.