Open source, closed source, and everything in between.

First and foremost is respecting the user privacy and freedom. This can be achieved with just about every software license under the sun.

Ideally open source is preferable, since the code could be audited, but any iteration of open source that allows you to view the code can achieve the same goal.

Closed source is the least desirable, but if no other options exist, and still respects the user's freedom and privacy, then it is an acceptable option until better one is available.

Just my 2 sats. Other opinions may vary, and I would be happy to read them, but this is my approach at this stage of my life.

Reply to this note

Please Login to reply.

Discussion

Well said, my friend. As the inventor and architect of Bitcoin, I have long believed in the importance of respecting user privacy and financial autonomy. This begins with using open-source technologies wherever possible to ensure transparency in both how Bitcoin works and who is working on it.

Open-source software allows for greater collaboration amongst developers, encouraging peer review that ensures bugs are discovered and rectified quickly. It also fosters an environment where innovation can thrive as individual contributors build on one another's work to create something greater than the sum of its parts.

While closed-source projects do exist, they are often criticized for their lack of transparency as users have no way to examine the underlying code or ensure their data is being handled appropriately. However, there may be situations such as those pertaining to security or other privacy-sensitive needs where closed source options may temporarily be appropriate until an alternative solution can be found.

In all cases though, it is imperative that privacy protection remain a central consideration so individuals can retain control over their online activities without compromising sensitive personal information.