That's stupidity. What you talk about IS value and it is conveyed through price.
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& in the on chain computation explosion scenario I mentioned, while bitcoin and well managed fiat could be stable and economically indistinguishable, Bitcoin holders benefit as bitcoin as more than money evolves its valuation, limiting the parallel that well managed fiat provides
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Unless we decide to never evolve bitcoin any further.
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I think the environment collectively agreeing to stop evolving bitcoin is less politically likely than central banks collapsing this decade, which I also agree is unlikely.
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Part of bitcoins anti fragile nature is in its potential for forks as a result of consensus failures. Are you suggesting the community voluntarily decides bitcoin is at an ideal peak and chooses to no longer evolve it?
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I have been suggesting that for years yes. Based on Nash's insights, that are quite founded and logical. Bitcoin is gold, and we value it because it doesn't evolve, not because it does.
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Even if I agreed with you entirely, it's politically unfeasible to put bitcoin into a box, even one so ideal. I think your vision is highly feasible, and likely to play out initially. I don't think that means ideal money is the end game. It could be ideal money + more.
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Nono. YOU need consensus for change. Social entropy grows. Bitcoin gets harder to change as it grows, this is especially so as people of Nash's proposal.
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You don't need to change bitcoin to build on top of bitcoin. You can send compute through BTC Txs today. An innovation can grow atop bitcoin that enhances the value of bitcoin. Use of that innov could break value trends with fiat, and bias to BTC as further dominant asset.
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If the value trends are the same then the preferences are effectively equal.
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Only so long as we consider ideal money to be the ceiling of bitcoin potential/use and respective valuation.
End of conversation
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