Oddbean new post about | logout
 😂 the world isn’t so simple, is it?

Do you realize that bitcoin core is extremely important but bitcoin’s most centralized point of failure, right?

There is no alternative software version that we can run. We have a choice between core and nothing. 

Maybe you love 4 MB blocks with spam jpegs, but the community fought hard for small 1 MB blocks. What happened? Why was this discovered once nothing could be done? What will stop this from happening again?

Do you really want large corporate interests to fund bitcoin core?

Do you realize that developers are not magical wizards but humans that make mistakes? That lines of code == bugs? And even bug free code can change the network incentives?

Some of us want bitcoin to be there for our descendants and don’t want people to screw it up. 

Can you guarantee that the next software update won’t have another malicious unintended side effect? If not, have a little humility and push for slow and careful progress rather than a fun free-for-all.