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Replying to Avatar Peter McCormack

Something I shared on Twitter, interested in the perspectives here too:

“I want #bitcoin  to do three things well:

1. Send

2. Receive

3. Store

Personally, I’m only interested in development which ensures #bitcoin  does these three things better, faster and more securely while maintaining maximum decentralisation.

All other use cases to me represent a grift on the #bitcoin  system from privileged people who don’t prioritise these three things highly enough.

So many people have worked so hard over the last 15 years to get #bitcoin  where it is, battles against so many powerful forces, yet #bitcoin  survived.

Now we are degrading the #bitcoin  system for non-monetary use cases.

H/t to @GrassFedBitcoin - something we discussed deeply yesterday.”

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mike 1y ago

Are you subtly referencing runes by any chance? 😂

As a miner I love Ordinals, but I'm also a node runner, so I hate storing other peoples JPEGs.

But primarily as a HODLer, I dislike them intensely.

Imagine queuing at a central bank a century ago to store your photo albums of cats in their safe?

Except that because of the queue, you had to wait 7 days in line and pay $50 in fees because other people wanted to cash $1M cheques.

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