Oddbean

If Bitcoin is reliant on volunteer devs who aren’t incentivized beyond their own altruism doesn’t this mean Bitcoin as a network relies on trust? Trust that altruistic individuals will dedicate an appropriate enough of their energy to keep it working?

bitcoin doesn't rely on altruism, it relies on game theory and incentives. we, the network, have an incentive to support developers maintaining the project because it is worth it to us for Bitcoin to live on forever

And some governments or interest groups can have the incentive fund developers contributing to the project in order to reach their goals. The takeover over Bitcoin it’s quite scary and maybe quite natural given the world we live in.

Bitcoins design was retarded. Look at the market manipulation that miners are doing now. It takes way too much power and time to process transactions At the block chain grows, it will take longer and more power.

Jack, we need a way to contribute to developers and other actors within the space that doesn't depend on altruism at all. We need a way to invest capital, have that capital build a revenue stream, and then direct that revenue stream towards the devs and other causes we want to support. Bitcoin only has one revenue stream built in, and that's mining. And anything we do is going to be seen as a security because it's an investment of capital with the expectation of returns. So we just need to make it possible and get it rolling. Can we get you to strike the iron before it gets cold?

https://video.nostr.build/4cbdc0e343085777c9caef1b4af8d179388f8d3c8aabcbd8cdf8d06db7d95e66.mp4 nostr:nevent1qqsw04ltw5e04y8lx8sqhtu0rkduev47t3kprl5zcquk2f9c6dd8n0gpzpmhxue69uhkummnw3ezuamfdejsygxya2awr03u7etmcxz4acz7d80f7pvuk7s9jgn3dzuqhztkrj7yuqpsgqqqqqqsm4drps

I can imagine this also can happen to Nostr devs in the future…when the impact of Nostr grows then more powerplay will occur from different sources / forces. What are the initiatives to unite and share defense tactics?

Bitcoin fall bellow 57k after the halving due to the high volatility, and because of lack of skills and strategy most of you folks sell off with out of fear in the space, I highly recommend you to join the (RCL) vip newsletter group for passive accumulation for longterm run, you can easily 174x your portfolio with the arbitrage algorithm integration. vip group: https://t.me/rebelcapitalistshow Source: https://www.youtube.com/watch?v=kX7inr8yy1s

could not agree with this more. 'they" are intent on dividing. individuals break quickly united - we have each others backs and that is a force. building is what divides them. burns their resources. forces them to print. and that ironically is a good thing. the sooner fiat hyperinflates the sooner "they" crash. sure it will be an ugly ride but sometimes it's better to just rip the band aid off. the loonacy we're witnessing, is desperation. covid has been discovered as a craig wright. now they desperately need/have to sell digital id and CBDC. the world doesn't trust them. so they, shut down the influencers, silence the critics.... we need to expose every charge and arrest, widely, loudly and longly (is that a word? 🙃 ). Goebbels said - "tell the lie loud enough and long enough, people will believe it." 'they" still use this tactic. telling us what to believe. if we use it - it is the truth and that always wins the hearts and minds. viva Scrapper (the underdog). GM final thoughts: we have crowdhealth - how about a crowdlegal? icing on the cake: maybe get a govt grant to build 🙃