20 sats \ 3 replies \ @k00b 6 Jan 2023 \ on: AMA - John Light, bitcoin researcher bitcoin
In your recent blog (you write well by the way - very clear thinking), you describe bitcoin's meta-problem
giving bitcoin developers the ability to easily solve ~any problem within the domain of electronic cash
You later reason
the meta-solution can’t impose heavy computational costs on bitcoin full nodes
due to this being a hurdle to consensus changes.
It seems like there's also resistance to meta-solutions that allow bitcoin to be used for non-cash purposes.
Do you think this resistance is valid?
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0 sats \ 2 replies \ @lightcoin OP 6 Jan 2023
It seems like there's also resistance to meta-solutions that allow bitcoin to be used for non-cash purposes.
can you give an example?
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10 sats \ 1 reply \ @k00b 6 Jan 2023
NFTs are one. Tokens are another.
It might be a mirage, but the mirage that I see in the community is
We don't want bitcoin the network being used for things other than manipulations of bitcoin the asset.
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1814 sats \ 0 replies \ @lightcoin OP 6 Jan 2023
Bitcoin can already be used for NFTs and other tokens (using protocols like Counterparty, Omni, OpenAssets, Taro, etc). So while I understand why people want to try to restrict use of the blockchain to be only for BTC ecash use cases I think it would be unfair to oppose some new protocol that enables doing a lot of useful new things with BTC and also happens to allow creating and transferring other digital assets. It might even be impossible to come up with a protocol that can be used with BTC but no other digital assets (or maybe it is possible, but the tradeoffs are too restrictive even for their liking; in any case, if it were possible, I would think that the BTC-only people would have proposed it by now).
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