Oddbean

I hear you bro. Your heart is in the right place. And, I’m realistic about the fact we can’t stop it anyway, but imho, having the fiat world throwing massive amounts of money at manipulating development of software that’s perfectly fine, is a risk to Bitcoin. We should at least recognize that. I personally like grass roots for core at this stage. Spend the money on adoption and L2.

why is it a risk? people throwing money at devs to ruin bitcoin has been happening every since i got into bitcoin in 2013 none of that matters. the risk is if we all adopt and run the code. blackrock can spent $1T on devs changing bitcoins hard 21m supply cap. unless we, the network, adopt it then it doesn’t matter. so let devs do whatever they want. fools game thinking we can control what people are going to do with a open source permissionless system. what we need to focus on is distributed consensus, education, being cyber hornets, etc. same it’s always been

by your logic here the most important thing a big entity could do is to educate bitcoiners to run their own nodes and understand the software. is strike doing anything to advance this sort of education?

The thing is, the devs won’t do whatever they want, they’ll do what BlackRock wants. There’s no BIP that needs $1T, so it’ll likely be spent on nefarious attacks. Instead of being spent on impartial innovation to make the network stronger. That’s only one of the risks. In the long term it’s like Boeing. If they wouldn’t spend the $Trillions on bailing them out and had a free flow of capital, we’d perhaps all be flying around in individual drones. So in the long term it weakens the network. Luckily, this problem is short term. Bitcoin fixes all this. Because no one will waste billions of Bitcoin on something of no value. Because once it’s gone it’s gone. Can’t print more. In the meantime we should at least call things out that seem fishy.