The article states it's just a fork, AKA a separate coin that copy/pastes the current Bitcoin ledger. Even if every dev wants this, that is a "hard fork" (not backwards compatible), and creates a new version of the coin. Ex: if you want to add a smiley face to some Bitcoin log output, you 1) make the change, and 2) nothing happens until 3) miners agree to use that new version.
Look into "Bitcoin Cash", a near identical coin except it has a larger block size. Completely different token and therefore has 0 effect on Bitcoin.
Might be more illuminating to look at Ethereum Classic.
How’s that doing after the fork led by the central owners of a decentralized blockchain, initiated to reallocate a big pile of money that the devs didn’t think was in the right spot?
Heck no. There was this app "Bump" that exchanged info between 2 bumping phones. Google bought it and immediately buried it forever. There's ZERO reason exchanging info is still a chore. There are currently bumping features baked in to the OSs, so there is value.
Value is in the eye of the beholder, as you clearly understand. The commenter is not familiar with how trade works. Personally, for such I transaction I will need to audit to ensure the projected value is accurate.
Also, do you have a sample of said squirrel drawing? I have a squirrel book that might pair nice with it.
The feature of a deflationary currency is much better than constant money printing. But, as I have learned through light studying of currencies, a huge negative aspect is its encouragement to horde.
Currency is the most useful when it changes hands constantly. I have mattresses. You have cookies. He has milk. I buy cookies and milk. You buy milk and mattresses. He buys mattresses and cookies. That's better than all of us in a standoff because we don't want to use our currency. Horrible analogy.
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