saeedabdulkadir555b564f95e on Nostr: I listened to the What Bitcoin Did Saylor podcast, and I really want to respond, ...
I listened to the What Bitcoin Did Saylor podcast, and I really want to respond, though that may be unwise. But I want thoughtful, fearless content in my feed, so I should start making some, right?
1. This does not need "smart contracts", just signatures. By this model, Bitcoin Script was a mistake.
2. It can work if Bitcoin does not scale and is incredibly expensive to spend and hold. By this model, the consumer hardware wallet industry is a dead-end and needs to pivot to something else (nostr keys, ecash?)
3. You could do this with gold, today? Bitcoin here is simply an incremental, not fundamental, improvement. I think this is suggestive, though: that such a network would not be long-term stable, and very much subject to capture.
4. In this view, Saylor is simply a gold bug with first mover advantage, shilling his bags. That's fine, but it's important to understand people's motivations.
5. This vision does not excite me. I wouldn't have left Linux development to work on making B2B commerce more efficient. I wouldn't get up at 5:30am for spec calls, and I sure as hell wouldn't be working this cheap.
I believe the result will be a more stable, thus useful, Bitcoin network. I am aware that this will certainly benefit people with very different motivations than me (Saylor).
Thanks for reading.
1. This does not need "smart contracts", just signatures. By this model, Bitcoin Script was a mistake.
2. It can work if Bitcoin does not scale and is incredibly expensive to spend and hold. By this model, the consumer hardware wallet industry is a dead-end and needs to pivot to something else (nostr keys, ecash?)
3. You could do this with gold, today? Bitcoin here is simply an incremental, not fundamental, improvement. I think this is suggestive, though: that such a network would not be long-term stable, and very much subject to capture.
4. In this view, Saylor is simply a gold bug with first mover advantage, shilling his bags. That's fine, but it's important to understand people's motivations.
5. This vision does not excite me. I wouldn't have left Linux development to work on making B2B commerce more efficient. I wouldn't get up at 5:30am for spec calls, and I sure as hell wouldn't be working this cheap.
I believe the result will be a more stable, thus useful, Bitcoin network. I am aware that this will certainly benefit people with very different motivations than me (Saylor).
Thanks for reading.