What is UASF?
Uncertain Anonymous Soft Fork.
UASF is very dangerous and subject to manipulation.
How do you know who will sell which fork for sure?
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I think it makes the value of the coin collapse forever, because investors can't trust a democracy to make sane decisions.
UASF either means the whales are colluding in which case we can never trust that coin ever again, or it will fail in chaos. Both of which are very bad.
Immutability is the only reason we trust to keep our money in a token. If whales control the thing, we might as well put our money in a private bank without any regulation.
HFs are centralized control. Democracy is not decentralization.
But if all our options have the same flaws, then the multiple choices theory is also centralization.
See if humans can UASF on one blockchain or SF, then they will do it on all, because humans are incapable of resisting their urge to fuck themselves with democracy.
So if Bitcoin fails immutability, then PoW is toasted and the entire blockchain ecosystem might collapse, because alternatives such as PoS are centralized and controllable by whales because there is nothing-at-stake to attack it.
Jihan Wu is protecting us from ourselves.