Damus
FernandoTheKoala profile picture
FernandoTheKoala
@FernandoTheKoala

Just a man who is very curious, loves to learn and discuss ideas

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Recent Notes

TFTC · 2d
"If I was to start Bull Bitcoin today, there's zero chance I would succeed. 90% of all crypto companies just got kicked out of Europe. The compliance moat is massive." - Theo Mogenet https://blossom.p...
FernandoTheKoala profile picture
"At a point we had 6 ppl working full time on the Mica license". I'm curious about this:

Here in Italy is necessary for every business that sells/deal with public companies directly, to have an ungodly number of people who's only job is to manage all the paperwork that EU burocracy demands.
Is it the same in your country?
Gzuuus · 2d
GM! Today, the European Parliament will vote on Chat Control 2.0 in an urgent procedure, even though it was previously rejected... Therefore there is no real urgency, people have already expressed the...
FernandoTheKoala profile picture
Since they will approve it anyway sooner or later the real question is:

Is it worth fighting to delay the approval? Or should we just let them approve it now to "speed up" the dystopian scenario so that people will be obliged to take action?

I'm starting to lean on the second one at this point
primal · 1w
valid feedback. thanks 🫡
Contra · 1w
Great question.
FEW_BTC · 1w
I appreciate your take FTK, and wanted to follow up on your following sentence: "I like the intention/spirit of bip110 but I don't think it's the best way to achieve it (let the fee market decides)."...
FernandoTheKoala profile picture
I think that "non-judging spam" is still the best way, so I agree with core intentions behind it. For me the problem with core is the way they carried out this change and what has been revealed during the whole thing:

1) banning people on GitHub for comments that do not deserve to be banned (the excuse is always "if it's not technical comment that's it's irrelevant and does not belong here"). But then in other forums they still shy away from discussing non-technical arguments (sure the technical part is paramount, but it's not the only one, and core time and time again in the discussion refuses to deal with non-technical arguments).
2) pushing the change internally when, as for their own admission, there was no real consensus (fishy as fuck, vibes of "few ppl decide")
3) the language they used during the debates, and sentences such as "bitcoin is a database for whatever" "nodes do not count anything" "it's a technical matter and you don't get it"
4) blasting the default setting at 100k straight away because I quote "we don't want to spend more time in the future having to change it again (not a cautious approach at all) and wanting to delete the configuration options (again, vibes of "I decide for you")
5) ignoring ppl concern and telling them "if you don't like what core is doing just switch implementation", and when ppl switch to knots attacking Luke personally and knots (here it was clear arrogance all over, vibes of "there is no other real alternative to us, so deal with it". Only when 20% people did switch, and core shit itself, core revealed its real face).

For the reasons above I switched to knots, to send a message to core along the lines of "I do see something is wrong/fishy with you, so switching to knots is my way of telling you "get your shit together").
I think core is experiencing the issues that all growing organizations experience when they grow and centralize: few people in control, internal political issue, easier to bribe few people in control, arrogance of being the "big dick guy in the block". I don't think core is compromised (except for a few individuals, for me Jameson Loop and Gloria Zhau), I think it's just having the topical internal issue that all growing/centralizing entities have).
Listen to the podcast of John attack and knuts, he explains well the internal politics of core
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FEW_BTC · 1w
Boom Good... TY!