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I am very excited about bitvm... Congratulations and thank you for your work
You're welcome and thank you! I am excited too :D
Do you believe that this is the ultimate solution to this problem?
No. I think bitvm can improve the world by improving sidechains, and I hope some people find use for them, but I doubt it will be a large number of people. IMO the sidechains we have today are pretty good and yet no one seems to use them. I suspect that is because most bitcoiners are indifferent about using bitcoin for day to day transactions, they see it mainly as a savings vehicle, which it works fine as, without needing any sidechains.
Saving money is, imo, bitcoin's most important use case, so that's understandable, but I don't personally see how these things will change: the number of people who want to spend their bitcoins on a day to day basis is tiny and shrinking, and no one else seems to care. I don't see how such low demand for scaling solutions can support the effort to create and maintain them. And even if a solution is found that makes bitcoin scalable, I don't think that tiny number of people will turn into a large group. I think their numbers are shrinking because they are satisfied by alternative payment methods, and almost no one will be upset if bitcoin ends up as "just" a savings tool.
(Obviously, those of us here on stacker news are among those who want to use bitcoin for more things. But we're not a very significant number of people, and I suspect we're in a shrinking crowd.)
I really appreciate your honesty
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I agree that analysis as the real phenomenon, but feel like not good. That's because that's the same path that gold ended up in...
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