Since I sold my last Bitcoin in October, I’m not really into this whole topic around BIP-444 or BIP-110, just superficially.
But the more Bitcoiners talk about restricting transactions, the more likely it is that Bitcoin will become a dying protocol in the coming years, even if we set aside the security budget problem that will begin with the upcoming halving in 2028.
Every Bitcoiner had the chance to support scaling proposals from Aviv Zohar and Yonatan Sompolinsky to secure miners’ revenues and build a real P2P alternative.
I think we’ll have two remaining options:
1. A scalable PoW network will replace Bitcoin (e.g., Kaspa).
2. All PoW networks will die within the next 10–15 years and we’ll have to rely on CBDCs, simply because some people would rather hold their assets and hope for faster adoption by sucking on politicians and governments (which will never happen because governments and banks aren’t interested in a truly decentralized protocol).
The crypto market itself will become a pure casino with PoS coins, memes and new evolving narratives.
Tbh, I think the second option is more likely given the current state. It’s up to us which path we choose. 🤷♂️
But the more Bitcoiners talk about restricting transactions, the more likely it is that Bitcoin will become a dying protocol in the coming years, even if we set aside the security budget problem that will begin with the upcoming halving in 2028.
Every Bitcoiner had the chance to support scaling proposals from Aviv Zohar and Yonatan Sompolinsky to secure miners’ revenues and build a real P2P alternative.
I think we’ll have two remaining options:
1. A scalable PoW network will replace Bitcoin (e.g., Kaspa).
2. All PoW networks will die within the next 10–15 years and we’ll have to rely on CBDCs, simply because some people would rather hold their assets and hope for faster adoption by sucking on politicians and governments (which will never happen because governments and banks aren’t interested in a truly decentralized protocol).
The crypto market itself will become a pure casino with PoS coins, memes and new evolving narratives.
Tbh, I think the second option is more likely given the current state. It’s up to us which path we choose. 🤷♂️
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