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LYN ALDEN: Bitcoin is valuable because anyone can fork it. "The hard part is getting others to do it with you." No referee. Just nodes and miners.
Lyn Alden said Bitcoin's value comes from anyone being able to fork it, but the hard part is getting enough people to do it together.
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What happened
Lyn Alden said Bitcoin’s value comes from anyone being able to fork it, but the hard part is getting enough people to do it together.
Confirmed
Global impact / market context
If many users can start a fork, Bitcoin’s network security and price stability rely on community consensus, which influences investor confidence and the cryptocurrency’s long‑term viability.
Analyst inference
The comment reflects ongoing debate about Bitcoin’s decentralisation – the lack of a central authority – and the risk that competing forks could split mining power, which is the total computing effort securing the network, potentially affecting liquidity and price.
Analyst inference
What to watch
- Emergence of new Bitcoin forks and the level of miner and node support they attract, which could shift computing effort away from the main chain. Analyst inference
- Changes in mining profitability that might encourage miners to join alternative forks, impacting Bitcoin’s security and transaction fees. Analyst inference
- Regulatory statements or actions concerning forked cryptocurrencies, as they could affect legal status and investor access to both Bitcoin and its forks. Analyst inference
Affected assets
- LYN — Everlyn
- BTC — Bitcoin