A note on my participation and incentives in the Shitcoins-on-Bitcoin and Script Activation dialogs recently on X:
It's been fun and illuminating to tease out different points of view, and to go down various rabbit holes getting up to speed on proposals.
A couple of folks have wondered at my motivations, so I thought it would be useful to share a couple of facts for consideration:
• Swan manages one of the larger mining deployments in the world, and should be top 5 by the end of this year. We stand to make a TON of money with increased fees from shitcoins on Bitcoin. So when I question the narratives proferred by SOB promoters, it ain't bc of my monetary incentives.
• Swan primarily focuses on Bitcoin as SOV * today* but we have already laid the foundation to become a massive player in the development and usage of Bitcoin as MOE. The future of Bitcoin adoption, and thus the future of Swan, depends on it. Valuation multiples on payments revenue absolutely dwarf multiples for financial services revenue, so when I question some narratives of script activation promoters, it ain't bc of my monetary incentives.
I'm here trying to figure out how to support bitcoin the monetary asset, Bitcoin the network, Bitcoiners, and Bitcoin adoption, so that we can win The Race to Avoid the War.
I try to figure out the truth, and then to spread it far and wide.
I work hard to identify false narratives about Bitcoin, whether they originate from inside the ecosystem or outside it, and spread those findings far and wide, too.
Unless I am certain someone is truly malicious or deliberately deceitful, I try very hard not to attack them personally.
If someone I don't consider malicious attacks me personally, they may end up in a sometimes chippy discussion of ideas, but typically I am able to hold back from returning fire in kind.
The people I do consider malicious who have attacked me personally are mostly in prison, or are already widely understood to be irrelevant.
I'm honored to battle it out with the rest of you, to learn from you, to try to test your thinking, hone our narratives, and to do our best for Bitcoin.
Have a wonderful Sunday!
