you want the base layer to be more secure and private…or no? nostr:note1ufyrhad7u84dz5d4t2vcpdec5qv0x92r3vhtc07sw38zs06kdfhs5utpx6
Yes of course anyone that doesn't is dumb or a controlled op
Some people just want the base layer to work, which it does.
The fact that it works today doesn't mean it not necessary to maintain, code that works still needs to be maintained, upgraded, increase security and patch stuff. All this needs funding.
Good thing bitcoin is a positive feedback loop
The more stuff is added the more maintaining and patching is needed. When Dorsey says “more secure” “more private” the implication is that new code will be added to make it that way. A lot of people don’t want that.
More code screw up will necessitate more patches in the future
I'm not talking about more code, more code is new stuff. I'm talking maintenance and mostly focused on security.
In the context Jack was puting maintenance was to push privacy stuff in the base layer which would #Bitcoin transparency and auditability. I agree with have #Bitcoin devs maintening the code and only update if necessary btw not all updates are good some updatres can be a downgrade to #Bitcoin.
I think his concern as is mine: Is this tinkering around necessary? Bitcoin needs testing and maintenance but not a new proposal every other month
You want to have both. But there is a real dilemma that you can not have both at the same time. Bitcoin and Monero are complimentary. Use it in your favour, anon!
"Perfect" auditability and "perfect" privacy are mutually incompatible. You have to make a decision on what you want and forgo the other. Or have something in between with the worse sides of both. L2s don't solve this either as it has to make the same decision. Take ecash for example. Aside from the custodial elephant in the room - very strong privacy, although there are half-baked incomplete methods of auditing, it is not really possible. Can't have your cake and eat it too
Isn't #bitcoin base layer extremely secure at this point and as private as open ledger could ? funding devs is one thing..funding and grants given out by huge centralized, wall street entities- well that is a HUGE PROBLEM right there. There must be way of grants that don't end up being ETF owners' doing the funding. That could only lead to corruption. Thanks God we all can run nodes and decide which Bitcoin we want to run..Consensus saved BTC a few times and I believe it wiil.
Isn't it perfect as it is?
yes !
We don't want people to keep stuffing in a bunch of useless things on the base layer either. More privacy can be reach on second layers. The #Bitcoin transparency is necessary for it's succes, thus "Proof of reserve", etc. And Base layer privacy introduce inflation bugs that requires even more devs fucking are around with it. There are work that need to be done like fixing the timestamp problem but we don't need billions to be donated to devs to stear #Bitcoin core in defferent directions either.