Damus

Recent Notes

Gigi · 130w
YES
Lyn Alden · 133w
I spoke at a big bitcoin-adjacent company this week and one of the best questions was from someone who asked what the downsides of bitcoin adoption might be. I always do appreciate these steelman que...
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Just hypothetically:
It could happen that early adaptors aka cypherpunks get corrupted by sudden riches and start getting fat, happy and complacent. Others with lower values would take over the Bitcoin network and steer it into a wrong direction aka hard forks which will become the chain with the higher value.
Will cypherpunks still fight for Bitcoin when it did a 100x from here? Will the suits have taken over? Implementing “security” patches aka “recoverable” transactions?
Many scenarios could happen which we don’t know yet.