10 sats \ 0 replies \ @elvismercury 31 Jul 2023 \ on: Foundational Narratives: Collapse of the Bitcoin Empire, A Polemic. bitcoin
This was awesome -- congrats on a beautiful proof of work.
It's interesting to me that the market is clearly revealing preferences -- people want certain things they're not getting in btc. A lot of bitcoiners, by definition, think that anything that is wanted that's not already btc is illegitimate. And yet, people's revealed preferences continue to be revealed.
As Milton Friedman said once (paraphrasing): eventually everything breaks, and then for the next thing people grab the ideas that are lying around. It will be interesting to see what pieces get picked up when btc breaks (probably when emission halves twice more). Even though it's a thankless job, working on these ideas / discussing them even when all you get is abuse is still worth doing, so thanks for putting in the effort.