matt on Nostr: It’s weeks like this that you have to wonder whether Bitcoin has a real shot at ...
It’s weeks like this that you have to wonder whether Bitcoin has a real shot at all.
* We thought mining was centralized but it was worse than we thought, and the ideas we have to improve it don’t seem to be making progress. Will Bitcoin be censorship resistant in a decade or will censorship be the norm with one or two pools deciding what enters the chain.
* With ACINQ pulling out of the US they’re signaling they don’t think it’s worth the risk. With few LSP alternatives in the US today will noncustodial lightning make it in the world’s biggest market?
It’s important to keep building but it’s also important to keep an eye on the biggest problems - best to work on the biggest problems in Bitcoin to maximize the chance it’s still a useful system with properties we’d be proud of in another decade.
* We thought mining was centralized but it was worse than we thought, and the ideas we have to improve it don’t seem to be making progress. Will Bitcoin be censorship resistant in a decade or will censorship be the norm with one or two pools deciding what enters the chain.
* With ACINQ pulling out of the US they’re signaling they don’t think it’s worth the risk. With few LSP alternatives in the US today will noncustodial lightning make it in the world’s biggest market?
It’s important to keep building but it’s also important to keep an eye on the biggest problems - best to work on the biggest problems in Bitcoin to maximize the chance it’s still a useful system with properties we’d be proud of in another decade.