250 sats \ 5 replies \ @BlokchainB 10 Feb 2023 \ parent \ on: Coldcard: Bitcoiners, please meet Q1 bitcoin
They made a product using open source code. Coinkite got mad and changed their license. Foundation made a product and now they complete on the open market. Overall consumers win. May the best company win. Obviously Coinkite is feeling the pressure with this pivot and good for them but let’s not be foolish this is a terrible design and clearly was not thought through.
By "terrible design" do you mean it does not look pretty?
What exactly do you "win". You were able to use bitcoin just fine before and you will continue to be able to do so after. Consumers winning is not merely continued growth in purchasing power and value attainable -- that occurs at a rapid rate even in the horrendously inefficient system of fiat because life finds a way as I proved rather simply with my website https://civilizationmetrics.org
True winning for the consumer is not just that things get better, but that they get better at a swift pace. Everything in the future on average is better, so it becomes a question of which "good" things one says "no" to. A failure to understand this basic premise is why many bitcoiners delude themselves into thinking some facets of fiat are "good" because they were present at the inevitable human desire to build ever greater and more productive tools e.g. venture capital. I actually do not think it is a logical failure, but an emotional failure that leads to that sort of thinking, and it is particularly prevalent among those who have high fiat density backgrounds such as real estate or "investing" -- though strangely, those are the types demanded by the consumer of bitcoin cheerleading performances.
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Exactly it’s ugly as shit. Looks matter.
I only point out the hypocrisy that NVK brought on himself by trying to clown foundation. Only a short time later release a product that as almost all the same features that Foundation does.
Like don’t clown compete make a better product do better business bring more value to your end user.
The bitcoin space has a ton of cheerleaders picking teams or sides as it pertains to Coinkite or foundation.
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Hating on free software and open source doesn’t help either.
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I root for both to win! Do we really want one company dominating Bitcoin hardware? Look how apple and Samsung dominate smartphones. I would hope bitcoin hardware doesn’t become a duopoly (not saying Coinkite and foundation are the biggest players)
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Competition is good. I'm interested to see Block's solution, which seems like the opposite of this Q1.
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