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500 sats \ 2 replies \ @elvismercury 6 Oct 2023 \ parent \ on: Gold "hoarders" were persecuted in the 1930's, what will happen with bitcoin? bitcoin
Underrated point. I think this -- and many of your other points -- are 100% true. But I'm a bit less bothered by it than I used to be ...
... and that's why. Either btc's constituency will transcend the people who currently dominate the public spaces, or it will die, because despite the rhetoric, most of the so-called maxis are NGU disciples and nothing more. Once N stops GU, they'll scuttle back to their other hobbies. They stood for nothing in particular before btc, and they stand for nothing now, not really.
They're ideological carpet-baggers. They're not the people who see a revolution through.
Yes. So be the change you want to see in the world. SN is a great place to help with that, I think.
What change do you want to see in the world?
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Too many to list, but wrt btc stuff, I'd really like to broaden the culture to one where well-intentioned people don't get canceled for heresy when they ask questions.
To take a hot-button example, the declining block subsidy, and what it will mean for btc security, is an existential issue. And yet people get buried in a shit avalanche if they bring it up, even well-respected core devs. It's hard to imagine a worse environment for threat modeling or for making a system resilient. Granted, the people who bitch and rant and threaten are overwhelmingly shitbags who contribute nothing to the ecosystem, but both science and history demonstrate that this kind of 'advocacy' is powerful even when the advocates are useless and contemptible.
I don't have a strong opinion on what the solution to dwindling block subsidy should be, or if a 'solution' is even necessary. I have a very strong opinion that being able to talk about it, and that having the dominant ethos of btc be one of serious intellectual engagement, is important. Being able to talk openly about things that matter, and not just parroting what the loudest Crypto Twitter thought-leaders say, is a big deal.
I'd like to change back to that.
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