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33 sats \ 2 replies \ @Scoresby 14h \ on: The Blockspace Market: A Darwinian Forge (Bitcoin Magazine, Shinobi) bitcoin
One implication, though, is that the use cases that win the natural selection contest might not be the ones we like. If we go in for pure natural selection, there's no guarantee that outcomes will trend toward anything resembling peer-to-peer digital cash, anymore than there's a guarantee that pigs will evolve opposable thumbs.
Also, what if the use case that is governmental control ends up being able to tolerate higher fees than all the rest?
Then that's fine, no? Is what it is.
If nobody wants censorship-resistent freedom money, then bitcoin dies. So be it
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yeah, but it's not quite nobody it just some threshold level of most people. If enough people don't want censorship resistance money, does it wreck it for those of us who do?
I'm not quite sure that permissionless and voluntary are quite so double-edged. Like in democracy, majority rule can be stupid, so we built constitutional republics that try to limit the damage from mass stupidity. Bitcoin may have some elements like this: there's a reason people say it's blackmarket money. Incentives are best when people are pressuring it to degrade. So maybe the Darwinian example is not quite correct. Bitcoin at least has a known starting point. It's more like "survival of the Bitcoin-est" (only we aren't quite sure what most Bitcoin-est is yet).
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