Softfork proposal for minimum price of $50k USD/BTC

[ABCbits]

Rejoice bitcoiner, Luke Dashjr release new softfork proposal which set minimum price $50K USD/BTC a year for now.
Say goodbye to Bitcoin ETF and remember we don't need government approval to see Bitcoin going to the moon


Quoted original message :

Certain parts of the community have been selling bitcoins for unreasonably
low prices. This has halted Bitcoin's valuation at $20k and even driven the
price down below $15k! However, clearly Bitcoin is worth much more than
that, and there is widespread support for higher prices.

In light of this, I have written and implemented two BIPs: one to add a
signed price field to Bitcoin transactions, and the other to softfork a
minimum price of $50k USD/BTC a year from today.

The BIPs are here, as well as included at the bottom of this email for
convenience:
  https://github.com/luke-jr/bips/blob/softfork_50k/bip-usdprice.mediawiki
https://github.com/luke-jr/bips/blob/softfork_50k/bip-softfork-50k-price.mediawiki

A reference implementation is here:
  https://github.com/bitcoin/bitcoin/compare/v0.17.1...luke-jr:softfork_50k

Please review ASAP so we can get these deployed in Bitcoin Core v0.18.

Luke

Original message : https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-April/016811.html

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[pooya87]

i would have smiled if this was made by literary anybody else and would have said nice April joke but considering how some other stuff from "Luke Dashjr" has been weird enough in the past that came come close to this one i am having a  hard time smiling...

[The Cryptovator]

Look like it was a April fool joke but I am agree with OP that we don't need ETF approval for raise bitcoin. If my memory serve me right then there was no any ETF sound when bitcoin was almost $20K. ETF making trouble on bitcoin growth. It would be more better if they just cancel all ETF applications. Yes, cancel is better than drama. Drama is harmful for bitcoiner. However I think bitcoin will raise once again because there is previous history it was grow.

[RapTarX]

Certain parts of the community have been selling bitcoins for unreasonably low prices.

Probably I'm going off topic here.
I have been introduced with bitcoin just because of my client who was trying to pay my service fee with bitcoin. I was refusing to accept it because of my insufficient knowledge about it but he however managed to seduce me accepting bitcoin.
For me, the first impression about bitcoin was- bitcoin is a better way of payment than any other existed system. Later, I came to know it's a currency indeed.
Although exchanging a little BTC doesn't affect its price, what should I do other than exchanging these? I write article and get paid through bitcoin. Should I hold these, who is going to feed me?
I still love bitcoin because its a convenient way for receiving payment. I want the facility of using bitcoin for my needs like having food, paying rent, shopping and all of these should be available in my local. I have no problem if bitcoin reach USD XXXXXX, but before that I want bitcoin to be the daily currency.
Sorry mates for wasting your time with my off topic reply.

[gmaxwell]

inb4 50k "2x".

[talkbitcoin]

that is a terrible proposal and i don't acknowledge it. he should change the MIN_USDBTC_PRICE value to 21000000 to have some significance since it also links to total supply of bitcoin then we can get behind the fork.

<-- and that is coming from a verified bear so you know it is true.

[ChrisPop]

Of course we don't need ETFs.. That is just an illusion, a manipulation for retail traders. I'm continuously buying Bitcoin no matter at what price because I know this thing will hit $1M mark in the close to medium future.