craig raw with some highly thoughtful, eloquent thoughts on the erosion of ideals in #Bitcoin
Discussion
Agree with him. There is an odd obsession around the idea that everyone has to own and use bitcoin at all cost. Why?
“I love it and it has helped me so everyone else will benefit from it too”
Because with bitcoin you can protect your energy and savings from being stolen through inflation.
The old system just benefited the wealthy elites. Most people here believe that everyone should benefit and we shouldn’t just create a new system of wealthy elites.
And really, why does it matter what people do with their bitcoin in L2s? The only thing we need to protect at all costs is the L1 protocol.
Many changes to L1 are being proposed to open up new L2, to serve a world vision that is simply not the point. There will always be a heirarchy of wealth distribution.
Havent listened yet but will, but if we accept nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg definition of scaling, which is something along the lines of to scale technically means to do so maintaining the properties of the base layer; then no. But if we just use the work scaling in a meaningless way and do not do that; then yes.
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💯 Getting worked up about scaling is stupid. Where is the demand for scaling solutions outside of the bitcoin community? It doesn't exist so what are we doing? A lot of tilting at windmills going on.
I have increasingly had the feeling that big blocking is not dead. I am also question to what extent the big blockers may have been correct but just far to early.
If bitcoin were being invited today, I would expect the blocksize to be higher as what 1MB represented in 2008, is now a significant larger number due to technological deflation (in spite of inflation and fiat games)
I don’t understand his point. There seems to be only two choices.
1) Most people can’t afford a UTXO and therefore can’t access bitcoin in any way.
2) Most people access bitcoin through a custodian, and hopefully they choose wisely and don’t get rugged. Some do but some don’t.
Which is better?
If there was a cheap decentralized alternative, people would choose it. But until we invent it, aren’t we left with the lessor of two evils?
The hard line we need to draw in the sand relates to protocol changes on the main chain. The sooner the protocol ossifies, the better IMHO.
Craig on point as always.
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