Imagine if the tokens on an altcoin project were issued only by a direct connection to a provably unspendable bitcoin transaction with a permanently fixed ratio. Literally deleting that btc forever, and then creating the token on the alternative. Bitcoin Transmutation.
Such an altcoin wouldn't violate the digital scarcity of bitcoin because of this. It would also act as strong proof that these new token holders really believe the project is a worthy goal, since if they're wrong, they're broke. In many ways, it would be a far more ethical way to make a hard-fork to bitcoin than actually making a hard-fork.
What would you think about a project that did this?
Normally I just dismiss all altcoin projects, but learning about GhostDAG and studying UTXO scarcity for myself, I'm thinking that bitcoin might have it's own 'adapt or die' problem we are not taking seriously enough.
While I love that over here no one really believes that any American President can fix the system, or even will intend to, total unconcern with who wins this one strikes me as the wrong call.
We know the dollar system is going to crash, and take the central powers down with it. We also underestimate how long that can take, and just how much damage authoritarians can do before they can no longer bribe their supporters. America could absolutely go full communist before the dollar collapses if not enough is done to prevent it; and there are plenty pushing that goal with the power to accomplish it.
The next year, and especially the next few months, will likely determine the shape of America's collapse. That shape can be a sharp decline with rapid capital redeployment through bitcoin, a longer, slower breakdown, a nuclear war, or anything in between. A world power of this magnitude does not die silently, and it will have millions of casualties, but there are better and worse ways this can go.
If you are not tracking this election cycle, and using the events as they unfold to inform your own plans, you are making a mistake. If you are able to influence local politics and the community around you, and you are not doing so to the benefit of the good, you are in error.
Don't make this mistake.
Has anyone considered making/using relays that only maintain metadata? Just the core user info, follow list, relays, etc. Also making it easy to clone the relay and attempt to maintain this data for as much of the global network as possible.
Were this to be done, clients could go to these meta-relays first when loading up a user, and the overall user experience could probably be improved some.
Or perhaps I'm just out of date and this has already been considered.