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Subject: Re: [bitcoindev] The Future of Bitcoin Testnet
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> 4. As a result, TBTC is being actively bought and sold; one could argue=
=20
that the fundamental principle of testnet coins having no value has been=20
broken.
Now, some time passed, so we can look at the history, and get some=20
conclusions. In case of testnet4, the same thing happened. And some people=
=20
consider testnets as altcoins:=20
https://bitcointalk.org/index.php?topic=3D5536825.0
Which means, that if new testnets will be released in a similar way, then=
=20
none of them will be worthless.
niedziela, 5 maja 2024 o 15:12:08 UTC+2 Peter Todd napisa=C5=82(a):
On Tue, Apr 30, 2024 at 11:46:59AM -0700, Matthew Bagazinski wrote:=20
>=20
>=20
> Unfortunately, the current form of Testnet is doomed to have value, just=
=20
> like BTC. Its scarcity makes it a valuable asset. And no reset will=20
change=20
> that. It will only result in repeated resets, multiple versions of=20
testnet,=20
> and people never learning.=20
The scarcity of testnet BTC isn't the only valuable asset in testnet;=20
testnet=20
blockchain space itself is a scarce, valuable, asset. It's an asset that we=
=20
can't easily make worthless, even through testnet resets, as there are=20
usecases=20
(including scams) where the long-term persistence of the data doesn't=20
matter.=20
--=20
https://petertodd.org 'peter'[:-1]@petertodd.org=20
--=20
You received this message because you are subscribed to the Google Groups "=
Bitcoin Development Mailing List" group.
To unsubscribe from this group and stop receiving emails from it, send an e=
mail to bitcoindev+unsubscribe@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/bitcoindev/=
f4c7991c-b053-481c-83ff-d37f9aad6d66n%40googlegroups.com.
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> 4. As a result, TBTC is being actively bought and sold; one could argu=
e that the fundamental principle of testnet coins having no value has been =
broken.<br /><br />Now, some time passed, so we can look at the history, an=
d get some conclusions. In case of testnet4, the same thing happened. And s=
ome people consider testnets as altcoins: https://bitcointalk.org/index.php=
?topic=3D5536825.0<br />Which means, that if new testnets will be released =
in a similar way, then none of them will be worthless.<br /><br /><div><div=
dir=3D"auto">niedziela, 5 maja 2024 o=C2=A015:12:08 UTC+2 Peter Todd napis=
a=C5=82(a):<br /></div><blockquote style=3D"margin: 0px 0px 0px 0.8ex; bord=
er-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">On Tue, Apr 30, =
2024 at 11:46:59AM -0700, Matthew Bagazinski wrote:
<br />>=20
<br />>=20
<br />> Unfortunately, the current form of Testnet is doomed to have val=
ue, just=20
<br />> like BTC. Its scarcity makes it a valuable asset. And no reset w=
ill change=20
<br />> that. It will only result in repeated resets, multiple versions =
of testnet,=20
<br />> and people never learning.
<br />
<br />The scarcity of testnet BTC isn't the only valuable asset in testnet;=
testnet
<br />blockchain space itself is a scarce, valuable, asset. It's an asset t=
hat we
<br />can't easily make worthless, even through testnet resets, as there ar=
e usecases
<br />(including scams) where the long-term persistence of the data doesn't=
matter.
<br />
<br />--=20
<br /><a href=3D"https://petertodd.org" target=3D"_blank" rel=3D"nofollow">=
https://petertodd.org</a> 'peter'[:-1]@<a href=3D"http://petertodd.org" tar=
get=3D"_blank" rel=3D"nofollow">petertodd.org</a>
<br /></blockquote></div>
<p></p>
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ium=3Demail&utm_source=3Dfooter">https://groups.google.com/d/msgid/bitcoind=
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