100 FUCKING PERCENT, AGREED!
https://blossom.primal.net/f2c9448fe97372c58d620173d29d4ced1fa042714bfbd160b9fd900b920fbe2a.mov
Discussion
Sounds good. Keen to hear counter points to this.
There aren't because he is not arguing anything; he is just pointing out what is happening.
I wouldn't fund "infinite bitcoin development" either, but the network depends on a minimum required maitanance. If the developers do not maintain the software, the bitcoin will die.
If the choice is between:
a. Fund no development
b. Fund extra fancy development
b. is the game theory optimal solution for the developers.
a. funds no development, therefore giving developers an incentive to fund extra fancy development.
If Saylor is correct and I am correct in my belief that human action is based on incintives, both scenarios will eventually kill bitcoin.
The game theory optimal solution, assuming we want bitcoin to survive is to fund the changes you want to see in the world.
If I had $200,000,000 to buy #bitcoin in 2014 instead of $20, I would pay huge bounties for software maintanance and critical bug fixes to change the incentives.
What maintenance does it need?
Lbraries that update require compatibity updates. You can't just run bitcoin core 29 forever.
I learned about it on SLP 404.
The strongest incentive to not do harm, is a developer that has most if not all of their net worth in the network
How does a developer get a net worth 5,250,000 from now?
Working on bitcoin is an incentive alone. Not every incentive pays money.
I watched this boring ass thing and right at the end the question prompting this response was asked, this is the first time I found myself not rolling my eyes into my throat listening to him.
This is correct and at this point very correct!
"If I wanted to destroy Bitcoin, I would just fund infinite developers who are very talented and tell them to make it better."
God Bless nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqg9rg869l7t43ats5gdsqrqh6njn5wjf0jpe0unvpekkredvllr6nqwfmhjz
You cannot improve the Best.
Ah now I know why the german bitcoin community slowly wakes up 🤣. Their lord and savior has spoken and changed the core overtone window.
He is right in this case though 👍
Saylor delivered a surgically precise F U to core developers like a Templar assassin...master class in ass whooping with gentle words and polite language a 5yr old kindergarten will get a gold star for