William ₿ Travis
· 1d
I think these things have a way of surprising us. I can see where it looks like bitcoin has been coopted, but the evil people doing it aren't all powerful. I think it's worthwhile to note that the whi...
Amen to a lot of that!
The chief difference between that movement and the bitcoin 'movement' was that the Reformers had 'Ecclesia reformata, semper reformanda secundum Verbum Dei' (the church reformed, and always reforming, according to the word of God). They could correct, revise, and/or perfect incorrect or unclear doctrines and practices to always be coming closer to the Word of God. Our confessions, catechisms, polities, and practices, could approach the truth, as it were, asymptotically. (No 'papal infallibility' to block such corrections of past doctrines or practices stood in their [or stand in our] way.)
My concern is that the nature of the blockchain is such that once corrupt, always corrupt. Data never leaves. Sure, the gates can be changed, the settings can be changed, but you can "never break the chain." Maybe I'm being dumb or naive but it was the Block Size War II and this time the bad actors won. Decentralization and distributed hashrate was the check-and-balance against the devs--the one "Achilles' heel" of the entire bitcoin initiative. And this time, as has been shown, their impotence (or lethargy?) to resist a protocol-level attack was exposed.
So, what's left? At this point all I can see is a return to precious metals. I have at least one ear open to talk me off the ledge, so to speak. LOL.
