ericfj on Nostr: Blabbing responses from mobile: Yeah it’s unfortunate more Bitcoiners won’t talk ...
Blabbing responses from mobile:
Yeah it’s unfortunate more Bitcoiners won’t talk about it, because debate/discussion around it is really the only way to get to solutions. Better than burying heads in the NGU sand, but maybe less cozy.
My left curve approach to the problem is to build something that increases transaction demand.
Really interesting point around Lightning centralization. That’s a tough one. The write up you attached is also great- I’m going to look more into XMR to educate myself.
Other things I’ve seen brought into the conversation are the many ways the BTC block space might be valuable long term, like for example the concept of an open+immutable time-chain is interesting. Then there’s innovations that might happen thru a soft fork but I’m not counting on that ha ha…
I’ll maintain the naive belief for now that there’s a possible sustainable path to global BTC adoption but it requires a lot of chaos and compromise to get there. Using energy as money brings so many awesome hopeful possibilities into play… maybe this works with other PoW chains too who knows.
The people trying to corner the market are dumb, and will see they’ve shot themselves in the foot eventually.
On the whole these are all chaotic technologies which are going to rip a new one into the current system. All attempts to control it without building something useful for others seem to be stupid- which I love about these protocol designs. Can’t put these genies back.
My base case is at least some chaos before whatever stable era comes next. Maybe I need to hedge more? We’ll see. Thx for the insights.
Yeah it’s unfortunate more Bitcoiners won’t talk about it, because debate/discussion around it is really the only way to get to solutions. Better than burying heads in the NGU sand, but maybe less cozy.
My left curve approach to the problem is to build something that increases transaction demand.
Really interesting point around Lightning centralization. That’s a tough one. The write up you attached is also great- I’m going to look more into XMR to educate myself.
Other things I’ve seen brought into the conversation are the many ways the BTC block space might be valuable long term, like for example the concept of an open+immutable time-chain is interesting. Then there’s innovations that might happen thru a soft fork but I’m not counting on that ha ha…
I’ll maintain the naive belief for now that there’s a possible sustainable path to global BTC adoption but it requires a lot of chaos and compromise to get there. Using energy as money brings so many awesome hopeful possibilities into play… maybe this works with other PoW chains too who knows.
The people trying to corner the market are dumb, and will see they’ve shot themselves in the foot eventually.
On the whole these are all chaotic technologies which are going to rip a new one into the current system. All attempts to control it without building something useful for others seem to be stupid- which I love about these protocol designs. Can’t put these genies back.
My base case is at least some chaos before whatever stable era comes next. Maybe I need to hedge more? We’ll see. Thx for the insights.