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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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d0enakalle🐇⚡ 1y ago

What if we don't find the solutions you wish for? Will you keep your opinion about other developements being grifts?

Then EITHER you can only count on "3. store", but send and receive will get much worse. But at least decentralisation would stay the same... 🙄

OR while keeping 1, 2 and 3 you cut decentralisation into different parts like "trustless, "permissionless", "private" and "immutable" and lower them as needed.

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