Oddbean new post about login | logout In the last several months (only been a bitcoiner since late 2019) I come to realise there is a big divided between what the bitcoin development community think versus the average non-technical investor type bitcoiner. The technical community seems somewhat concerned how bitcoin development is stagnating and slowing down. Yet the average bitcoiner is now calling for ossification. It’s a weird world where the specialised technical experts voices are put aside by a large vocal group calling for ossification. At least this is what I am seeing from my point of view.
I’m not calling for ossification if that’s something you interpreted from my remark.
No just making the point. I find it odd how most people want to ossify yet you speak to the developers and they say we need more soft forks to make lightning or Ark work for example.
Changing the rules of bitcoin can have unintended consequences. If people are thinking about changing Bitcoin, I think it's more adequate discussing that after the demise of fiat, not now
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You are free to improve the code as you see fit, and everyone else is free to decide whether or not they want to run your improved version as they see fit
Can’t improve anything as it now takes at least 3 years to push for a soft fork. There used to be multiple soft forks per year in the early years of btc. Then the blocksize war in 2017 happened now all we have had is taproot.
What's the rush? If it is necessary and good, the majority will accept it. Usually, the people who rush others into rash decisions are called scammers/grifters
What’s the rush? -CBDCs around the corner. -Western goverments want to want to cripple the industry via over regulation -longer it takes, the more altcoins have an excuse for existence. Btc dominance back to 100%. -speed up adoption -improve self custody ux and onboarding experience for newbies -cypherpunk dream -price appreciation Many more…
If you think the BTC network in its current state is not anti fragile enough to handle those issues, maybe you should concern yourself with projects like Bitcoin cash and others that thought they could solve all the problems themselves. Do not mistake your hubris for confidence, there are unintended consequences for each commit far beyond what we can concieve ourselves. Slow down.
Hubris is thinking Bitcoin is perfect already. L1 fees are now been ranging from at least $2 to $15 for the last 2 months. Making self custdial lightning unviable as it’s too expensive to open channels for vast majority of people. We need layer 2s that are dependent on L1. Also, bitcoins privacy is currently terrible. It’s an open transparent global ledger for everyone to see. Being honest about bitcoins weaknesses is how we make it perfect. Telling people who challenge the Bitcoin status quo to go play with altcoins is what legitimises shitcoins and scammers.
*we need layer 2s *not dependent on L1 fee market.
I never said it was perfect, I just said slow down. The ethos of Bitcoin is not "move fast and break things". Propose solutions, sure, but don't expect pressuring people to accept those changes to work. And if the history of Bitcoin shows anything, it's that changes to the code need to be small and carefully considered by ALL network participants. You're opinions are not law.
Okay I will shut up and wait on the sidelines til everyone else comes to same realisation. You are right. You win.