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It's weird that people think you can "vote" in Bitcoin. Miners can run any code they like, and they can scrap the supply cap anytime, for any reason at all, without needing any vote, they can change any of the rules in any way they want as freely as they can do anything else. And if they do, good luck with your shitcoin.

Carver’s comment aged well 😂 Threads like these make me feel like we are early.

It's a free system. They can do what they want. The incentives are such that they don't. Why would you build a $100 million dollar mining facility and then burn it to the ground? You wouldn't. Why would you build a $100 million dollar mining facility and use it to mine something no one wants. You wouldn't.

That's true, incentives matter. Honestly I don't blame them. It's an easy mistake to make. And it's not like we've ever had some sort of thoroughly documented, real world example of exactly what happened when a large and powerful coalition of miners decided to change one of the fundamental consensus rules.

Yeah - no one has ever written about the block size wars. 😆 It just shows a lack of knowledge about what Bitcoin is & how the incentives work. That's ok because it's a journey of discovery. Stay humble & stack sats.

ETFs using coinbase for custody isn't going to end well.