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600 sats \ 2 replies \ @ek 10 Jun \ on: I'm Steve Lee, Spiral lead, AMA! AMA
What is your biggest problem currently and what are your plans to solve it?
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132 sats \ 1 reply \ @moneyball OP 10 Jun
If I may, I'll speak to 2:
  1. Mining centralization
  2. Making bitcoin everyday money
For 1, we're in a pretty bad state right now with 3 entities controlling nearly 90% of the hash rate, and 1 entity potentially flirting with 50% of the hash rate. We desperately need adoption of Stratum v2 to allow miners to select their own transactions. Longer term, I think the Braidpool project is promising. While still in the R&D stage, if it is successfully built, it can address the centralization risk that the FPPS mining pool payout method introduces.
As for making bitcoin everyday money, it is why I have worked in the space the past 7 years, and why I continue to work on it. While I fully embrace bitcoin as a store of value, I think that has already pretty much won. There isn't a lot of software and design improvements for it to succeed. Whereas, using bitcoin as everyday money has lots of software, design, and product work to be done. I think it is important because using bitcoin as everday money unlocks even more value for society and I think it strengthens bitcoin as a store of value as well.
Most of Spiral's focus is on solving these 2 issues.
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0 sats \ 0 replies \ @dk 10 Jun
does the Spiral team have any specific beliefs/hypotheses about how “bitcoin as everyday money” is likely to emerge? is the team mostly in agreement about these paths? does it require some amount of team/internal consensus to prioritize which projects to focus on?
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