Hodl the tree, not a branch
Take the Bitcoin #Superpositionhttps://twitter.com/DanielKrawisz/status/990750759896707072 …
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Replying to @FluidFluxation @Fredilly
This financial advice is incredibly stupid & dangerous, & it translates to: "invest part of your wealth in order to own, for each bitcoin you hodl, exactly 1 arbitrary "unit" (subject to random unit bias) of every scamcoin which passed through a Bitcoin-UTXOset-based airdrop".
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Replying to @giacomozucco @FluidFluxation
1. It's not financial advise, don't split. 2. U allow the better implementation to thrive at no risk to U. 3. U hodl maximum value even if fork goes to zero. 4. U don't jeopardize security in the process of splitting forks. 5. U have peace of mind and objective foresight.
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Replying to @Fredilly @FluidFluxation
1a) If you buy/receive bitcoins after the airdrop of some scamcoin (you will, likely) & you still want to follow your own advice (yes, it's financial), then you have to actively buy the said scamcoin: one arbitrarily defined "unit" of it, for every new btc you receive. Silly.
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1b) As for bitcoina you were already hodling before the scamcoin airdrop, barring legit privacy/security (or even time/effort) considerations against claiming the airdrop, not dumping a shitty financial asset you received is financially 100% equivalent to buying it.
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Replying to @giacomozucco @Fredilly
What if selling the shitty Airdropped scamcoin requires you to submit your private keys? Is it still 100% the same as buying it? I will never claim the majority of bitcoin forks, but its my own defined right to have access to them should I choose.
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Replying to @FluidFluxation @Fredilly
Giacomo Zucco Retweeted Giacomo Zucco
Giacomo Zucco added,
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None of this is advice for how new entrants should engage bitcoin. For those with unsplit bitcoin, I would argue you are far more advantageous holding all chains and not betting your stack on a single 2nd layer/address format change. First principles thinking, not bashing SW/LN
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