Nostr Web Client

great points/cases in there Chuck, thanks for sharing.

Personally I think he didn’t ignore your points. While he didn’t directly addressed them. What can make all of us a bit anxious for sure :)

In my opinion, he is a believer that the evolution of what we know today as btc based on our future us being more educated people spending in bitcoin-only creating new tools/adding-nodes/better-layers will be ultimately overcoming the attack (some of the valid cases your are detailing).

“Human action is what is centralizing” - I read this as btc gets tainted because it is being centralized it in first place.

Didn’t want to add noise in here just trying to contribute to this discussion and learn from you guys

Chuck Langstrumpf 10mo ago

Appreciate your answer. I asked specifically what he thinks about those two points though, not for some random hopium maxi gibberish.

He either does not understand it, or he does not want to talk about it because he has no good answers.

IMO, if we do not have a good answer to those problems, BTC will likely fail as "freedom money" and as a self custodial store of value also.

There is even a talk from Adam Back talking about the specific tainted coins issue and that it can undermine trust in BTC fundamentally.

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Discussion

zakear 10mo ago

I understand why you need specific answers. IMHO, they are not yet available but will be in future if and only if everything goes well.

But I’m reaching my level of understanding (game theory) in btc at this point.

So I will remain as reader and see what others have to say about this

Chuck Langstrumpf 10mo ago

i wait for more than a decade on solutions to those two problems, much was promised in the past, nothing ever materialized.

if you want, read Hijacking Bitcoin. I am not a bcash promoter, but the book will give you a different perspective on what is happening with BTC.

zakear 10mo ago

I could read that but I need first you to answer the following two questions:

Do you want to see btc success in the future or it is about something else? How much time is worth for that to get materialized based on your time-preference?

Chuck Langstrumpf 10mo ago

i would love to see BTC succeed as a p2p electronic currency, still. I think we are late, 16 years is a lot - it is the same timeframe as from the commodore c64 to the playstation 2 - to put it in perspective.

And i think the time is running out.