Quote from: Shelby Moore

Quote from: fabiorem on June 07, 2019, 09:35:36 AM

So, what would happen, in a market perspective, is that both chains would start with the same value

Disagree. The stock-to-flows valuation model is predicative and it instructs that the immutable coin with known future flow of token supply is exponentially more valuable than a mutable protocol.

I said they would start with the same value, at the time of the fork, not that they would keep the same value.

Quote from: Shelby Moore

Quote from: fabiorem on June 07, 2019, 09:35:36 AM

We need to weigh down human behaviour on this event.

Only the behavior of the wealthy matter. The vast majority do not matter at all. They are worthless. 50% of the population only has 15% of the wealth. The top few percent has 34% of the wealth.

Ok, but how can we compare this to what happened to ethereum? I know they are different, but in the case of ethereum, the forked chain became the main one after some time. Today ethereum values 30x more than ethereum classic. Is there some difference (related to the PoW) in relation to ethereum?

Quote from: Shelby Moore

Quote from: fabiorem on June 07, 2019, 09:35:36 AM

Investors dont have a clue about immutability in the protocol

Then they won't be investors for very long. They will be bankrupted former speculators who did not do due diligence.

The wealthy investors know what is going on. Craig told them. I told them. The trilema.com Bitcoin millionaire told them. Etc.. Word gets around amongst the uber wealthy.

But isnt Blockstream owned by AXA, which is linked to the Bilderberg group? There are probably some banking interests in LN. Personally I believe it will be a tug-of-war between the two chains, thats why I believe they will start on the same foot.

Quote from: Shelby Moore

Quote from: fabiorem on June 07, 2019, 09:35:36 AM

PoS

Proof-of-shit aka proof-of-nothing has no value. All PoS shit will go to 0 eventually.

Fine. But the entire debt-based fiat system is based on stacking. Fiat money was debased from gold for decades, and its lack of PoW creates inflation. In a PoW perspective, fiat money have a negative value, as each bank note is a debt certificate.

What could prevent some banking cartel from going crypto and using stacking to reinvent their own system? Just food for thought.

Anyway, this whole discussion is the old bickering between developers and miners again, nothing new on the front. To maximize profits, it would be better to hold both coins for some time and see which one have a better valuation, then dump the other.

And you are right about this not being theft in the Core blockchain, since it would be rolled back.