Today I went down a rabbit hole refreshing my memory of what innovations of "blockchain" might be rendered as "good" ideas. Even incorporated into Bitcoin one day.
I reviewed sharding and none complete ledger nodes, zkRollups and all the other "proof" consensus mechanisms. All mildly interesting but...
The ONLY thing that stood out was the idea of a D.A.O.. I don't know enough about how these could conceptually be built on BTC, layer 1 or otherwise but the idea of an autonomous program running its self and governed by its self is intriguing. I don't remember how, why or what this looked like on Bitcoin.
I still think computing science cryptography is cool and generally don't immediately denigrate other cryptographers and computer programmers who built other projects. Some of the ingenuity does seem interesting and highly conceptual...
But the issue is that none of them are anywhere as close to Bitcoin is for being "money". Bitcoin and Crypto got conflated and it wasn't positive. They are centralized tokens and digitizations of "securities". I agree with the SEC in theory on this.
So many people got hustled by Alt coin projects, outright pump and dumps, rugpulls, ponzi's or just projects that overnight were defunct (or exchanges for that matter).
The Alts, are just like unique collector rewards points. Or collector cards. That's it.
Oh, and I still low key think Monero is OK tbh. It's the one Alt I sort of can see some value to. Proof of Work, good community of talented developers and the ideas make sense and hold up. They're the Bitcoiners who kept pushing the security ball forward IMO. I'm still mostly a Maxi though but every pro team needs a farm team.
On another topic, I don't, at all, "get" the appeal of ordinals or inscriptions. It seems like a waste of ideas and space and energy. So much more so many of us are trying to do with making Bitcoin a base financial layer of humanity.
Anyhow. Cool to be here. Nostr is straight in the ethos of Bitcoin. ⚡️🔥✌️ What do you all think about my cranial rumblings?
Stack Sats. Stay Humble.
