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184 sats \ 9 replies \ @runningbitcorn OP 27 Jul 2023 \ parent \ on: I just got a beer with a WorldCoin employee. AMA bitcoin
When pressed on token distribution he agreed that it should be "fair", but had no reply when I pressed him on the relative nature of "fair" if left up to human interpretation.
Also called into question the "immaculate conception" nature of Bitcoin, which I found to be a fair criticism, but by no means a point in favor of WorldCoin nor pointed to any problem WorldCoin is solving.
Also called into question the "immaculate conception" nature of Bitcoin, which I found to be a fair criticism
What was his criticism? Also what do you mean when you say the "immaculate conception" nature of Bitcoin?
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I'll give it a shot. Never heard this applied to Bitcoin but I suspect it has to do with the way people had to run across Bitcoin in their own time. Those that by luck found it earlier had a bigger chance at gains. They also bore more risk and all the other usual caveats. Bitcoin distribution is as fair as it can be, being first, and decentralized but there's no denying the opportunity is deflationary like the currency.
Just my 2 cents. Would be interested in other takes.
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Hmm no, the immaculate coinception refers to Satoshi creating Bitcoin in a set of favorable circumstances that can never be replicated again.
For instance:
- A green field, no other form of a digital asset with decentralised and scarce properties at that time
- No market value when it started
- No pre-mining
- No VCs, investors, or other funny stuff
- A mysterious and anonymous creator that just disappears and leaves Bitcoin into the wild
It’s historically so fair and unique, that creates the purest narrative for the establishment of its value. It’s mythical!
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Good explanation but this term is too silly. There's nothing supernatural about Bitcoin. "Hmm no" lol.
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Is there something supernatural about fire or the wheel? What if Bitcoin is a discovery rather than an invention? What’s the difference between those two actually? 😄
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Haven't read it but I like the title of "Equal is Unfair".
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It's ridiculous that Fair has somehow diverged from Earned.
Like the the overarching meme is "evil is not evil".
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haha there was nothing immaculate about it when it was happening. Andresen almost sold it out to the CIA...
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Yeah, curious about the immaculate conception critique. It seems to be the most unassailable thing abt btc, when you view it practically. Although maybe the guy really believes the retina scanning will work without dystopian consequences?
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