Grain of truth there but it’s way too early for the Bitcoin rapture.
We are so lucky to have such high-integrity people working on Bitcoin, even if only for a short time.
This was such a frustrating listen. Patterson’s dishonest debate tactics, such as shrieking about nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev “interrupting” when he was just trying to finish a sentence after Patterson’s own interruption, prevented nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev from making some obvious points.
For example, at one point, Patterson complained about how nostr:npub1ej493cmun8y9h3082spg5uvt63jgtewneve526g7e2urca2afrxqm3ndrm killed 0-conf. This is incredibly ironic, since (1) the only “security” that 0-conf may have had was because of node policy, and Patterson dismisses nodes as irrelevant, and (2) Todd killed 0-conf practically by himself outside of Core, not as part of the “Bitcoin Core Developer Cabal” that is in the Bcashers heads.
That is a good segway to object to Patterson’s continual reference to “Bitcoin Core Developers” as some kind of monolith. There are plenty of contributors, such as Todd and nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk, who basically answer to no one and do whatever the hell they want, and there are maintainers, who, when they are doing their jobs right, merge code from contributors after they assess that the changes have achieved rough consensus, have received sufficient review and are technically sound.
Another missed opportunity came with the topic of “censorship”. By early 2017, though a chainsplit had not occured yet, the camps were completely polarized. This made conversation on any Bitcoin topic devolve quickly into a flame war between small blockers and big blockers. This forced the *moderators*, not censors, to start moderating, or their forums would become unusable. That the most popular forums were run by small blockers was simply a reflection of this being the majority opinion amongst OGs and plebes.
Trying to explain why BTC won the hash rate war, Patterson can only muster the weak hypothesis that most of the miners, being Chinese, are culturally submissive and therefore deferred to Bitcoin Core developers’ authority. How this applies to the tiny minority of 1 billion chinese who chose the risky business of bitcoin mining, no one knows. The obvious counter within that collectivist framework, is that the miners were deferring to the authority of the consortium behind the New York Agreement and the malicious Jihan and then they stopped once there was massive blowback and Jihan blinked.
By far the most infuriating part of this debate is how Patterson can get a way with complaining about small blocker dirty tricks while holding up Gavin, Hearn and Roger. These three individuals where most responsible for enabling Craig Wright’s relentless lawfare against developers. The hypocrisy of complaining about small block censorship while trying to drive commentators like nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx into bankruptcy is incredible.
This is not a knock on Guy. Patterson, while being completely wrong, is incredibly smart and a skilled debater and philosopher. I don’t even think he is being deliberately dishonest. He just has this massive blind spot that comes from betting it all on the wrong side and now being permanently broke.
True. You will need to keep this one on hand for balance.
You have to reveal your pubkey to spend. In theory, someone with a quantum computer can then double spend your transaction before it gets mined. Not that I believe the quantum FUD tho.
Bookmarking this to show anyone having trouble understanding what “begging the question” really means.
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You should be careful what you wish for. The fact that a Wall Street billionaire controlling a large amount of coins is NOT funding developers is an entirely good thing. It used to be the case that we viewed any corporation trying to influence developers as an attack. Yet now all I see is people whining about them not “paying their fair share.” Sad!
Whatever happened to “bitcoin is for enemies?” Are you going to whine for tax funding when the USG, PRC, etc pile in?
7 years later,....... 
Moderate head choppers and human organ eaters for the 🏆.
I hear you. Unfortunately, you may not be interested in psyops, but psyops are interested in you.
Finished helping my son set up his first cold storage using nostr:npub12ctjk5lhxp6sks8x83gpk9sx3hvk5fz70uz4ze6uplkfs9lwjmsq2rc5ky Q1 and nostr:npub1cvqlzvmjercdn0ypsmv8f7j9lge6ahsnueh5rparh53wuswftv4q49yjt3 Followed nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 tutorial on NFC, which I had never used before. I’m very proud; feels more significant than when he learned to drive or finished school.
I was agreeing with your point. Leftists claim they want diversity but all they mean is representation for their chosen protected classes. Actual diversity of viewpoints, perspectives, talents, etc is not tolerated.
“Diversity” means total ideological conformity.
Bitcoin will:
(1) defund the welfare programs incentivizing out-of-wedlock pregnancies;
(2) make the predatory to men alimony system unenforceable;
(3) reduce the general time preference of society, thereby changing sexual mores in a less destructive direction;
(4) re-establish tight-knit local
communities as the primary safety net for those in need, applying social pressure to those most prone to disorganized and destructive personal behaviour most likely to lead to single parenthood.
Fix the money, fix the world.
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It is your moral duty to tell the truth, but also understand that some people are just too far gone. No amount of tact will help with those determined to remain NPCs. Many such cases.
Starve the state, bankrupt the suits, and force the commies to become productive members of society.
I have another objection to a covenant softfork in the near term that I did not hear in your video. Taproot promised more private multisigs with a smaller footprint. It is only very recently, 3 years since activation, that the actual cryptographic protocols have been developed and proven safe. Who knows how long until we have usable software and how long until any real adoption?
I’m not objecting to the time it takes to break new ground. It is what it is and developers don’t owe me anything. It’s the false marketing I object to. Why should I believe any promises about CTV when Taproot has failed to deliver on its promises?
💯 on datacarriersize. We were told the witness discount was going to make spending inputs much cheaper than creating new UTXOs. This follows from the presumption that the only real use for the extension block was going to be signatures. That was obviously wrong. Makes me wonder if this supposed benefit was just motivated reasoning by some, and a political ploy to give the big blockers what they wanted without losing face.
“Activate CTV to put Bitcoin Core in its place” by nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr was not a take I was expecting. I’m still solidly in the “not now” camp, but this is an interesting argument. If nothing else, this video is a solid recap of the best arguments against activating any covenants now.
The one thing I wish was stressed more is the complete unwillingness of the technical community, with the notable exception of nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk, to admit that Segwit and Taproot had unintended effects. They sounded like NPC journalists insisting Biden was sharp as a tack, one after another repeating the mantra that arbitrary data could always be put on chain, while ignoring that it can be done faster, cheaper and “better” now.
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