By the end of this decade, people will start to realize Bitcoin is just for Michael Saylor, Blackrock, Governments and whoever got in early. You might not like it but this is the direction we heading right now.
A lot of this is true. Imo any open source project makes less progress without a leader, someone who steers the ship and has the final say. Bitcoin core is at a point where core devs just want to avoid all controversy and stay silent and let people fight out. We need more versions of core in other programming languages built from the ground up and implement all consensus rules similar to btcd. Bitcoin core needs more competing implementations where you have leaders who are willing to hit the merge button and publish a release with CTV for example so that people can run the fucking thing.
https://x.com/jamesob/status/1857049961235403101
It is kinda wild that Bitcoin is casually just hovering around $90k. It feels like it wasn't that long ago that I watched it trade for a few hundred dollars. Time flies!
Bitcoin's market cap is like 60% of the total crypto industry's market cap. That is how far ahead it is over anything else out there. Imagine one company having 60% market cap of the entire S&P 500. That is Bitcoin.
There is literally no second best.
As the bull market seems to be starting, an important distinction to note is that, Bitcoin has security, decentralization, scarcity, network effects and more buy orders than sell orders.
Shit coins just have more buys orders than sell orders.
There will never be a point where Bitcoin is not available for sale because of lack of supply. Everyone has a selling price for some or all of their stack.
If America was racist or believed in fascism, Obama wouldn't have won with an incredible majority. There could be a small population that thinks a woman shouldn't become president, but that isn't enough to change an election result. The margin of Trump's victory says it all.
I had multiple arguments with some liberals who believed free speech should be subjective and there should be someone overseeing what is considered free speech.
We need a new form of Bitcoin-core.
- You propose a consensus change with a BIP and code to show for it.
- Every consensus change should have a review period of max number of days (maybe like 200).
- Have a pool of maybe 200 devs who are smart enough of review proposals.
- Its the responsibility of the proposer to advertise their proposal and get ACKs.
- Get enough tACKs in this window, then merge it.
- Miners will eventually just upgrade and it'll get activated.
- Stop involving finance people with software decisions.
- No debates on twitter, they go nowhere. If people have issues, then show up to talks and debate it live.
Make soft forks normal again.
Not really imo. Getting opinions of people who aren't even qualified to give opinions is useless. I'm not advocating for a Vladimir Putin, but we need a small pool of people who can make sound technical decisions and get shit done. As the price keeps going up, we get more and more people into Bitcoin and all of them want to have a say in what happens inside of core and yet 99% of these people aren't even close to being qualified to having a say or opinion.
You cannot sit and wait to make everyone happy. It's just not going to happen.
I didn't say it's one person. I said a pool of people. It could be 100 people or 500.
Soft forks don't need consensus of 1 million randos on twitter. It needs current and ex core devs, people who work on L2 protocols etc who we all know are qualified in making technical decisions.
We have to figure out how to build a pool of qualified people, I'm only proposing how we approach core development going forward.
We already have this today in a way, only a few people have commit access to Bitcoin core repo. Have they done any harm so far? No.
You're over thinking my proposal way too much. Every software project on the planet is lead by a set of people or a foundation. It's a natural thing to do, in Bitcoin's case it's still technically core devs but they have much less power in the sense that they're too scared to make any bold decision.
All I'm saying is, we raise the pool of people who can be the "core" and then start enforcing better rules.
All the code is public anyway, they cannot go do insane things like changing supply cap to 42m from 21m. It's all public.
It already has happened. How do you think people get commit access to Bitcoin core? You contribute long enough to gain that power.
I'm sorry, I don't think Saylor or some podcastors are qualified to hinder Bitcoin's development by cutting funding from development and not letting scaling happen. Its unacceptable imo just because those assholes have a lot of money invested in Bitcoin and yell on CNBC.
X's election algo is so messed up. It's not just posts, even replies to posts are just specific to right or left wing. If you support Trump or Harris, try liking a few posts favoring the opposite candidate. It'll totally mess with your head!
Guess I'm not going to ask a woman out anymore. I'll just tell her time and place and tell her to show.I'll up.
nostr:nevent1qqsf5wu9mcj2txqatcumvk6z6q2u394n2fdx2vzwlr58fytyy2e7v5qpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygp56t6jwncetr7d9jeyv0dtatwl3gslsjkwgfqa4zyqywlstnyqj5psgqqqqqqs8saeug
Guess I'm not going to ask a woman out anymore. I'll just tell her time and place and tell her to show.I'll up.
nostr:nevent1qqsf5wu9mcj2txqatcumvk6z6q2u394n2fdx2vzwlr58fytyy2e7v5qpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygp56t6jwncetr7d9jeyv0dtatwl3gslsjkwgfqa4zyqywlstnyqj5psgqqqqqqs8saeug
Lets be real, we all like price pump action only because our friends and family will think we are a genius to get in early and for us to laugh at other people who didn't believe in what we have been saying.
TabConf 2024:
- Rollups
- ZK Proofs
- Ark
- More sidechains with 0 use
- Fixing mempool
- Paul Sztorc is the new savior of Bitcoin
- Want covenants but will never get them
- Lightning sucks
- Amazing people
- Lots of fun and alcohol
Ideally written in react native.
nostr:nevent1qqs96h4c4l6kldz4ju0k8tf6tzzk8znu9fup77grdvldjcrf82q7c8spz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygqzr4l002huqd9glma6fhs8vgkh3lfknhc7t7wa04qact8l5a9wqgpsgqqqqqqsr76cms
I was listening to the @WhatBitcoinDid episode with Saylor. There are so many things that are fundamentally wrong with his takes.
His words: "There are all these 2nd, 3rd, 4th order concerns in aviation and aeronautical engineering, you don't have those concerns if you're just a hacker. People that are computer programmers, they just write code, it works, the world is very simple".
That is not how software engineering works, they are called engineers for a reason and not programmers/hackers. Good software engineers and companies where software is critical hold their software to very high standards which includes Bitcoin core. You can look at the code guidelines of NASA as an example. They have extremely strict policies on how to handle memory for example because the code they write can never leak memory when it's being used in satellites and spaceships.
This narrative of software engineers as just being hackers and they just hack shit together overnight is wrong! Real production codebases are taken very seriously by every software engineer! Just because you see tweets of someone posting a GitHub link of what they hacked together over a weekend, that is never used by real people in production. It sometimes takes years to make it production ready.
If you're a business avoid vendor locking as much as possible with all the software/infrastructure services you use. Try to use as many open source products as possible. Sometimes it's difficult to look for alternatives because companies like AWS or Cloudflare make it too easy but they will also make you regret one day if you have no easy way to switch your providers.
Soft forks are not really protocol changes because everything is backwards compatible so you're not breaking anything, you're only adding something new that isn't supported yet.
So Saylor says we can either have sound money or censorship resistance and permissionless medium of exchange and not both. So he prefers ossification so that we could have sound money.
Both are equally important for the success of Bitcoin. If we can't get the censorship resistance and permissionless part right then I'd suggest we quit on Bitcoin and just use fiat.
Maxis who followed Saylor are in disbelief that the Ethereum ETF got approved and thought that the SEC was your friend and they would approve only Bitcoin and everything else would just die a painful death.
Who said anything about ethereum ETF hurting Bitcoin?
I was only saying maxis believed that SEC would deem all crypto as securities and Bitcoin would just Ngu to infinity and other tokens would just die.
The delete button is one of the greatest lies by every big tech company. None of your data is ever deleted by any of them, they just flag it as deleted in their database so that it doesn't show up on client applications.
For everyone waiting for Bolt12 support in LND, this is a nice PR that got merged. Starting with Lnd 0.18 everyone can run the LNDK project without a custom build of LND. Hopefully this boosts the bolt12 adoption that everyone's been waiting for.
https://github.com/lightningnetwork/lnd/pull/8744
The closer you want to get to privacy the worse the UX becomes. There is no perfect solution out there for privacy, use whatever gets you closest to it while trying to balance out the UX. There is only so much pain you can take while using privacy tools. Everyone says fuck it at some point.
A lot of people don't seem to get it. e-cash is A solution. It's not the answer to all our scaling problems. If you open your eyes and see what's happening outside you will quickly realize e-cash can be very quickly shut down in a lot of parts of the world. If you didn't realize yet, the fedimint federation everyone got excited and started using said they're shutting down and asked everyone to withdraw their funds. We need real scaling and privacy solutions. Not hacky workarounds.
The state of Indian politics from several years. Political parties campaign in small towns and villages and distribute cash and buy votes. These are the kind of politicians we are living with, Bitcoin is hope to get away from all this. I hope we get there one day but we have so many challenges to overcome and tbh my hope that we will succeed isn't that high.
For almost everyone who don't know what this means, it's my mom texting in our family group saying she received 5K rupees from a political party to vote for them.
https://m.primal.net/IFfp.jpg
Why are Apple stores so full all the time? What do people go in there and do? Every store has like 25 people working inside it and all of them are occupied.
The ossifiers and the NGUs will be happy this year. Bitcoin will probably hit $100k.
I'm going to be unhappy because we are behind on privacy and scaling. Like Zeus Evan Kaloudis said, self custody is the hill I will die on.
Success isn't the ETFs or 100k, success is everyone can use Bitcoin holding their own keys.
Maybe it's too late but I want bolt12 onion messaging to be paid and not free. Maybe there could be a range from 0 to a maximum of 1 sat in fees but I am completely against it being free.
MMT is the most ridiculous bullshit ever.
You having credit card debt is not ok.
Businesses having bad balance sheets is not ok.
The govts having deficits year in and year out is ok?? Wtf?
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