Bob Loblaw's avatar
Bob Loblaw 2 months ago
TL;DR A futures market forces fork supporters to risk their BTC instead of attacking Bitcoin for free. If they won’t bet, their conviction is weak and the fork is likely to fail. Skin in the game exposes whether a fork has real support or just loud talk.
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Replies (2)

Cobweb's avatar
Cobweb 2 months ago
If a hard fork happens I fully intend to sell one chain and buy the other.
JackTheMimic's avatar
JackTheMimic 2 months ago
Except the way to "bet" as stated doesn't work if the UASF succeeds. Because there is no way to guarantee your counterparty can submit both transactions on both chains. The UASF chain relies on miners resolving an OP_IF sighash, which would be disabled by the consensus change. So, no this is a "heads I win, tails you lose" type of bet.
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