[2017-08-22] Daniel Krawisz: “I Don’t Like Altcoins, but I Like Forks."

[Iloveelvis]

This week the founder of the Nakamoto Institute, and the developer of a bitcoin mixing tool called Shufflepuff, Daniel Krawisz, released a Youtube video giving an interesting perspective on the recent Bitcoin network fork. Krawisz is pleased with watching the forks unfold and believes the two competing currencies may discourage the technocracy of ruling developers.

"To me forks are good because they put the investors in control," explains Daniel Krawisz "Investors are given a choice and they choose which one they like better. One thing that I don’t like in bitcoin is when developers have a higher social status than investors. It should be the other way around, developers should be below investors."

Read More Here >>> https://news.bitcoin.com/daniel-krawisz-i-dont-like-altcoins-but-i-like-forks/

[hatshepsut93]

Well, this is why people are unhappy about SegWit2x - it comes without replay protection, so it's hard for investors to trade those coins, the market can't decide which coin is the best and miners don't have clear signal what chain is more profitable. Also, it just causes chaos if, because different services will have different opinions on what chain is the real Bitcoin, while people are unable to spent their coins separately. It's just very dishonest to release a fork without replay protection.

[Iranus]

That's all it is though - social status.  Developers' power is always the same, because all they can do is create a client and hope that investors run it.

So while he might be in favour of the principle of forks so that investors can have the correct mindset (I'm in favour of it in that sense too) it doesn't mean that he's actually in favour of this specific fork.

In the same sense, I doubt he's actually against altcoins so much as the idea that they have a significant value.  Unless he's a nut who hates altcoins for no reason, I suppose he thinks of them as experiments and believes that they shouldn't have high values when they're not related to BTC.

[iamTom123]

One thing that I don’t like in bitcoin is when developers have a higher social status than investors. It should be the other way around, developers should be below investors."

This statement speaks volume of the current status defining developers and investors. Yes, it should be the other way around. I really hate it when developers are the ones dictating us the choices we should be making. Investors should have the say on many things and they should not just be relegated to a corner waiting for any chance to have their voice heard. Maybe it is time that we send this kind of message to all developers working with Bitcoin: While we appreciate all the contributions all of you generated for Bitcoin we don't want just to be a background anymore.