It is certainly true that resilience against political compromise is an unusual and weird characteristic, not common in the business world.
Logical or Not, Bitcoin’s Coming Fork Is Boosting Its Price
However, to many this is what makes Bitcoin fundamentally very different and unique compared to other forms of electronic money and other systems. And if we do not think Bitcoin has dynamics that are fundamentally different to typical business scenarios, then why bother with Bitcoin at all? Afterall the US Dollar appears to work pretty well.
Perhaps what this comes down to is how ambitious one is for Bitcoin and how unique one thinks it can be. As Satoshi said when responding to someone claiming that Bitcoin cannot solve political problems in cryptography:. Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years. Perhaps to some people, the success of SegWit2x could mean these several years are up.
Logical or Not, Bitcoin's Coming Fork Is Boosting Its Price - CoinDesk
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Search for something. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Far from a risky proposition, investors see that extra value as just created out of thin air and delivered to existing investors for free. But while developers are aware the mechanisms and politics of the coming fork are different, investors seem to be planning for the same results. Is this merely a case of aggressive trading, or is it wishful thinking? Some would argue, that on this issue, the traditional finance guys are getting in over their heads.
As a consequence, retail investors are betting that if they buy more bitcoin, another fork will drive prices higher, and that this will result in them holding a more diversified portfolio.
However, some investors say the rally could be less about diversification and more about going all in on bitcoin with the expectation of even more long-term gain. Yeh agreed with the bullish outlook on bitcoin broadly, saying he expects a run-up both before and after the hard fork.
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