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0 sats \ 0 replies \ @llamabyte 5h \ parent \ on: Paul Sztorc on Activating Drivechains via CUSF (Bitcoin Takeover S15 E68) bitcoin
measuing your success in FIAT
is NOT
Bitcoin
Notice Gold is at ATH's too.
Lightning sucks, doesn't scale to 8 billion people. Is terribly and overly designed with game theory that does not work.
Recent bugs and revelations about these bugs lead to persecution from the community, so the lightning dev culture is broken and waiting to lose A LOT of peoples money.
Some shitcoins might have value, only time will tell, all plants need fertilizer.
the one attitude that is guaranteed to fail over time is the toxic maximalist
who represent an species over specialization (think dodo's) sensitive to heretofore unseen ecological changes
For example, if quantum computing is actually being used right now and has been for years by and against secret agencies, we the public would be the last to know. Meaning all our bitcoin was vulnerable this whole time.
This is what happens in a centralized dictatorship, it over specializes and collapses on its weak points.
If however bitcoin had been more pluralistic, embraced big/dynamic blocks and other changes, or at a minimum BIP 300/1 such that core could remain the same but allow for opt-in experimentation, all the shitcoin development and some few actual technologicaly interesting advancements such as zk-proofs would have happend on Bitcoin (a good thing because shitcoins are, remember, fertilizer) including perhaps tokenized experiments in Quatum resistance.
ALL while paying bitcoin fees and supporting the network.
The market would have rewarded those who chose to invest in those experiments.
But no. Because Bitcoin maxi's are communists we are all at risk of unseen black swans at the same time.
I think as long as it doesn't affect me (it doesn't, it's opt in) and or is reversible should something undesirable happen (soft forks are reversible) i don't see myself as a pure virgin prisetess dictator protecting other's from economic benefit/risk.
How dare you use the name of a fictional Capitalist but advocate for Bitcoin Communism.
Cusf and Bip 300/1 allow the market to decide and not core (who decide nothing and will gladly watch Bitcoin die because they are captured by the state)
Update your rhetoric software. https://bip300cusf.com/cusf.pdf
Putting aside many of the incorrect statements such as "Then it would set a precedent for miners to lead upgrades." Which miners had all along the history of bitcoin (many updates simply don't concern node operators), there being different versons of "Bitcoin" software was always the case and is the case.
This approach is different and by design is not excludable or censorable the way ordinals were.
The block size wars were a giant waste of resources and Bitcoin is more centralized and heading towards centralization more and more:
ASICS, CEX's, compliance, centralization of Core, Centralization of LSP's (which was supposed to scale bitcoin use, they can't btw) much higher adoption of custodied wallets and on ramps.
All could have been avoided with larger or dynamic blocks.
Bitcoin Maxi's are embracing the state, KYC and values itself in a fiat number. They are even discussing tail inflation.
BCH lost the battle but not the war.
Monero will win the war.
this kind of concern trolling along with a censorship campaing is why bitcoin has lost 49% + share to shitcoins.
and it's success in less time than it's taken Lightning to be still shit, will be the greatest condemnation of toxic Maxi's and Core.
won't work on monero, completely different design. LTC and BCH maybe, but they have actually done things and their projects have L2's and are L2 friendly through other technologies the Maxi imbiciles are afraid of for bad reasons
Core and small blockers have lost credibility after doing nothing for 10+ years and wasting time and resources on bullshit like lightning.
Beautiful ! Let's Save Bitcoin ! #216228
In this article it says that one day bitcoin generating cashflow will eventually develope. What will these be. does the author suggest what these might be in other articles ?
I know you , darthcoin are a citadel guy, but when and how does bitcoin start creating cashflow ?
is it when it becomes legal tender or defact legal tender everywhere ?
Is it when one can buy real estate for it and receive rents in bitcoin, returning the economy to real assets ?
Little late but...
I listened to that and they don't come off as religious at all.
The main point about excluding high risk or expensive demographics may still be true though. From what i can tell that selection process may have only been the early version, and they now reject fewer people as they are larger and bettern known.
I am not a customer as at the moment they could not help me. That's all i'm willing to say about my situation.
If they were, what would appeal to me the most is their negotiation abilities. If some of their marketing material is true, based on their nostr posts for instance, that alone, and their skills at reducing bills are worth it.