Saylor taught me something today. (AGAIN!)

Saylor was explaining how 99.99% of alt coins are actually securities...

And he explained that Bitcoin dodged a big bullet when the block size war happened. If the big blockers had had their ways and changed the base protocol, it would have shown that Bitcoin is controlled by a few and thus weakening the argument that Bitcoin is property and not a security.

So I cannot stress enough that updates are very dangerous and the Bitcoin community was wise enough to avoid hard forks at all costs.

Bitcoins from 10 years ago can still move using the original protocol.

Saylor went on to say that coins like coin #2 whose monetary policy change every 6 months cannot be considered property and are thus securities. And with that drop mic moment shut the mouths of the interviewers about his opinion on it.

Submitted March 03, 2022 at 10:37PM by Mordan https://ift.tt/Egb3sNY