Oddbean new post about | logout
▲ ▼
21 Stackage 🦡 | 5 months ago (raw) | root | parent | reply | flag +1 
 I definitely agree with the philosophy of moving slow without breaking things. Also, I believe that establishing circular economies with what we have now will do a lot more to replace central banks than covenants potentially can. My problem here is that Saylor is part of a camp that is obstructing the conversation entirely. We won't get to those two critical questions when people are conflating software engineers with lawyers. I can't speak for what Rusty is advocating for, so I'll read that up in the meantime
▲ ▼
techfeudalist | 5 months ago (raw) | root | parent | reply | flag +1 
 Would love to have that conversation when you’re ready. 

I’m personally ultra conservative. The view bitcoin as our hope to replace central banking. I realized a while back that the math would not permit everyone in the world to have their own UTXO and make everyday transactions on the base chain. 

We could make compromises to allow more people to have their own UTXO and have cheaper transactions (by increasing the blocksize, etc) but we can’t solve that problem completely. 

I’m unwilling to make those compromises because I want to maximize decentralization and make it as difficult as possible for governments to capture and censor the network. 

Again, focused on the goal of eliminating central banks.