Re: Sending coins to trash -- probably the biggest threat to bitcoin
With a poison pill, if need be. 
But let's hope it doesn't have to come to that... While gradual changes benefit the majority, an abrupt one would only benefit my ego and the pockets of those who had prepared for the change.
But let's hope it doesn't have to come to that... While gradual changes benefit the majority, an abrupt one would only benefit my ego and the pockets of those who had prepared for the change.What is this "poison pill"?
Just to clarify, the poison pill is not designed to destroy the bitcoin use as a viable currency, it will merely target the bitcoin use as a GOLD 2.0 speculative asset. But to answer your question, for me to discuss any of its details now will introduce an abrupt change. Remember, I stand behind the gradual change approach... Let's just wait for the vaccine to work it's magic, shall we?
It's not the qualities of gold that's the problem, it is the pervasive treatment of those qualities as gold. Speculation is healthy for the bitcoin economy, but only if it is based on the expectations about future "economic" growth, and not on the proliferation of GOLD 2.0 worshiping.
But a storage of value is valuable. Speculation that a store of value will gain value should be expected. Why demonize it?
I do not demonize the bitcoin's store of value function... only the widespread GOLD 2.0 phenomenon.