💯 when he’s got nothing left to stand on, he runs back to Bitcoin. He even dropped the dot eth from his name. Bet he’ll drop this act at the first opportunity
Discussion
Block size war was an amazing thing. For the first time in history a group of volunteer open source developers stood up to billions of dollars venture capital, millions of users, most of the hashing power. It went to the market ...
And the developers won!
The reputation of developers in an open source project was worth more than 100mm, or even 1Bn, in VC money per person. That's why in bitcoin, reputation is more valuable than anything
It was a first in history, and it's why we still have open source bitcoin
Well said đź‘Źđź‘Ź
🤯 how did I not realize that the block size war was about entrenching big tech into the industry. Learn something new everyday.
Exactly. Had very little to do with block size. Arguably a bigger block size is better. But segwit actually was roughly a 2x block size increase anyway.
And the crazy part is, their scaling “solution” was such a total failure that even the industry with all their resources couldn’t find a way to profit from it, so they invented PoS shitcoins instead.
Damn lightbulb moment for me thank you.
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How important do you think the Nostr-based GitHub replacement is that Jack has put up the bounty for?
It depends how it is done
Uncenorable code is pretty powerful
Has the potential to change humanity
I dont think bitcoin being on github is much of an issue, there are many forks of it too
What elements would it need to be done right?
That would come down to individual preference. Which is why it's good there's a bounty, and people can try different things
Personally for me, I would want to see an extensible system that tracks git code, and gets realtime updates, so that it can deploy the latest version
That code should be able to move from one location to another seamlessly, e.g. github -> gitlab -> own hosting -> github again
Then an extensibility mechanism for other features, comments, pull requests, bounties, on-chain commitments, smart contracts, bot frameworks, data provenance etc.
Think you commented something recently about a “git relay type” so as to not shit up the network with code right?
You think that’s going to be another layer, or more like a different set of ports on the existing protocol?
You cant really predict these things, any more than you can predict what you will dream at night
You can try things, and see what sticks
Specialist relays are part of nostr, because nostr can service so many different use cases
It might make sense to separate text notes and git updates, because there are logically different audiences. Though there can be some overlap
I definitely want to do development over git+nostr though, so that I'm not locked in to centralized frameworks
Those were the days. Listening to World Crypto Network as the drama unfolded. It was touch and go for minute. Thank god for the threat of the UASF (User Activated Soft Fork).
UASF tipped the scales
The major battle happened on the segwit2x mailing list
Even though segwit2x backed down
Roger Ver then swooped in with BCash
People dont realize how much of an existential threat that posed to bitcoin
The nature of difficultly adjustments would have meant that if Roger has got majority hashing power (he almost did) then the bitcoin chain would have frozen, all miners go to bcash (except slush at 4%) due to increased profitablility
Bitcoin would have frozen and the difficultly adjustment would not have helped, as it would go into famine and feast like testnet. Miners hold off until btc mining gets 4x cheaper. Then mine a cycle of blocks and freeze it again.
The bcash supporters, rick, kim dot com, craig, roger etc. really were trying to kill bitcoin. A hard fork would have been needed to change the difficulty algorithm, for it to survive