reply on: I do not regret spending 8 years of my life in crypto

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182 sats \ 2 replies \ @SimpleStacker 4h \ on: I do not regret spending 8 years of my life in crypto - Nic Carter culture

I would argue that in many ways, sound money is like a public good. The benefits are diffuse and not easily captured by a single entity. Thus, a for-profit corporate structure is not really the most sensible way to go about pursuing it. It's not surprising that these people ended up building casinos---it's probably the quickest path to actually making money in this space.

Real contributions to Bitcoin are going to have to come from individual cypherpunk contributors, open source projects, and non-profits. I have a hard time seeing a for-profit model really moving Bitcoin forward at the protocol level.

However, I can envision a thriving ecosystem of for-profit apps built on bitcoin. Hopefully SN can be one of them.

78 sats \ 1 reply \ @Scoresby OP 4h

I suppose we could say that this is the model started by Satoshi and followed up by a whole bunch of great open source contributors.

It is something I find a little troubling though:

I've never once paid for bitcoin software. My node, my wallet software, lightning stuff...yet I benefit from it and need it to work, in fact it is a pretty major problem for me if it doesn't work. That doesn't seem balanced to me.

It has become especially apparent in the recent arguments about filtering and Core v30. Bitcoin Core is not necessarily a public good -- but neither is it a private enterprise. It gets messier because of FOSS stuff: if I write a software project and make it FOSS, it doesn't entitle anyone to demand what I should work on or how I change the project. Just that they are free to fork it. Yet somehow with Bitcoin Core we feel that it is more than just another FOSS project.

These aren't organized thoughts, just uncertainty I've had this year.

113 sats \ 0 replies \ @SimpleStacker 3h

There's always going to be tension in Bitcoin. For such an important technology, achieving social consensus is always going to be difficult. But there's no real way around it either. Despite this, Bitcoin is still our best hope for achieving currency that rests outside the control of any governments.