npub1l7…epah7 on Nostr: When I originally wrote this, I was making several egregious bad assumptions: 1. ...
When I originally wrote this, I was making several egregious bad assumptions:
1. “Fedimint has to work for all people in all places at all times or it’s pointless.” This is obviously false, but somehow I fell into this thinking. In particular, I fell into the same trap that the YouTuber “Technology Connections” bemoans about people objecting to installing heat pump heating systems: “Good enough MOST OF THE TIME is GOOD ENOUGH, MOST OF THE TIME.” Lots of people object to heat pumps because there will be 1-5 days out of the winter where a traditional furnace will be needed, completely ignoring the benefits for the rest of the winter. If 40% or even 20% of the global south can onboard and scale with fedimint, that’s an absolute win.
2. I was assuming that resources put into developing fedimint are in a zero sum game with other “scaling to billions” solutions, so I was worried we were collectively betting on the wrong scaling horse. Not only is that not necessarily true, it’s likely to be false because more development and infrastructure build-out in the space is only going to draw more attention from other developers, who will each individually gravitate towards the most compelling projects for them personally. So it all works out.
TLDR
I was worried and cranky about #Fedimint not being the be-all, end all solution to global scaling, but it doesn’t need to be.
1. “Fedimint has to work for all people in all places at all times or it’s pointless.” This is obviously false, but somehow I fell into this thinking. In particular, I fell into the same trap that the YouTuber “Technology Connections” bemoans about people objecting to installing heat pump heating systems: “Good enough MOST OF THE TIME is GOOD ENOUGH, MOST OF THE TIME.” Lots of people object to heat pumps because there will be 1-5 days out of the winter where a traditional furnace will be needed, completely ignoring the benefits for the rest of the winter. If 40% or even 20% of the global south can onboard and scale with fedimint, that’s an absolute win.
2. I was assuming that resources put into developing fedimint are in a zero sum game with other “scaling to billions” solutions, so I was worried we were collectively betting on the wrong scaling horse. Not only is that not necessarily true, it’s likely to be false because more development and infrastructure build-out in the space is only going to draw more attention from other developers, who will each individually gravitate towards the most compelling projects for them personally. So it all works out.
TLDR
I was worried and cranky about #Fedimint not being the be-all, end all solution to global scaling, but it doesn’t need to be.