GM☕
Bitcoin was made as simple as possible so that it could be as independent and orthogonal to misaligned incentives as possible.
If Bitcoin is gonna be a 1000 year project (otherwise it's thermodynamic properties and scarcity is just a larp), then I believe that simplicity must reach some sort of escape velocity, entrenchment or ossification to resist bloat and corruption in future generations.
Even with as simple as Bitcoin is, and even with a still strong Bitcoin culture, it seems like it's still at the whims of competing incentives, narratives and politics.
I mean, if bitcoiners are gonna be complacent or swayed, or psyopped today, then what about in 10 years? 100years?
We say Bitcoin wins because of the incentives. But what if competing incentives are stronger on shorter time frames? What if people don't really understand the incentives? What if people don't really understand Bitcoin? Will they then make the right decisions "for Bitcoin"?
I think Ross had a very astute point that we need a few good ideas to rally around. He said, freedom , decentralization and unity.
Those are just words, not code. But to sortof transfer the meaning to the code, and wrap up with some conclusion to this rambling, I think we really need to value simplicity and keeping Bitcoin as singular as possible in its purpose.
To be Money.
Have a great week.✌
Bitcoin was made as simple as possible so that it could be as independent and orthogonal to misaligned incentives as possible.
If Bitcoin is gonna be a 1000 year project (otherwise it's thermodynamic properties and scarcity is just a larp), then I believe that simplicity must reach some sort of escape velocity, entrenchment or ossification to resist bloat and corruption in future generations.
Even with as simple as Bitcoin is, and even with a still strong Bitcoin culture, it seems like it's still at the whims of competing incentives, narratives and politics.
I mean, if bitcoiners are gonna be complacent or swayed, or psyopped today, then what about in 10 years? 100years?
We say Bitcoin wins because of the incentives. But what if competing incentives are stronger on shorter time frames? What if people don't really understand the incentives? What if people don't really understand Bitcoin? Will they then make the right decisions "for Bitcoin"?
I think Ross had a very astute point that we need a few good ideas to rally around. He said, freedom , decentralization and unity.
Those are just words, not code. But to sortof transfer the meaning to the code, and wrap up with some conclusion to this rambling, I think we really need to value simplicity and keeping Bitcoin as singular as possible in its purpose.
To be Money.
Have a great week.✌
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