By the way, you know that pre-fork coins could also be sold off on majority-fork exchanges? Particularly because early adopters might be a little pissed off at the commit keys for bitcoin's dominant implementation being in the hands of a junior dev who wants to make the question of inflating the money supply a democratic one (jtoomim). How do you know who controls millions of pre-fork coins? You can be sure that I'll be dumping everything the second Toomim gets the keys to the kingdom, and I know several likeminded people.
This is the most likely outcome. Once we start selling everything and the price starts crashing, everyone will join in on it.
I believe that If non-Core hard fork wins, major holders will sell BTC, driving price into the ground. 28113.50234684 Ƀ (84.89%)Gavin said himself that he doesn't see bitcoin as a store of value, just a means of exchange like any other currency:
https://bitcointalk.org/index.php?topic=204.msg1714#msg1714That's not what the post says. It didn't say that when Gmaxwell linked to it, and it doesn't say it now. I am really worried about the reading comprehension of Core supporters.
He clearly states that
"[m]oney can be used as both a means of exchange and a store of value."Nor does he imply that dollars, euros or yen aren't a store of value:
"If you use Bitcoins as a store of value... well, then you're a currency speculator, which can be highly profitable but is also highly risky. Whether you're hoarding dollars or euros or yen or Bitcoins..."Besides, that post isn't about defining Bitcoin, it's about how he planned to use Bitcoin back in 2010.
Nice find though
Oh! For crying out loud...