1 sat \ 3 replies \ @elvismercury 21 Aug 2023 \ on: If Bitcoin is the best of all hardforks bitcoin
I'm going to assume good faith on your part, which I'm a bit suspicious of, since you haven't even asked a hard question, and answers to the questions you did ask are everywhere. But maybe you're new. So I'll pick governance
When I started in the space I thought the no-governance aspect of btc was a bug. Now I see that it's one of its most important features. The whole point of a decentralized cryptocurrency is that both nobody and everybody controls it. Or more specifically: getting anything to happen takes such a groundswell of distributed advocacy and concrete action that you get certain assurances from it.
Despite what some people think, not everything needs to be decentralized / ownerless in this fashion, but it's important that money is. Any project you're imagining that's "better" on this account is not better. You might ask, if the governance is so great, what it actually offers vs the product of some random company? Lots of the 'better' projects you allude to are living in the stupidest of all possible worlds: with the gross inefficiency of blockchain, and the fact that some entity controls it.
EDIT: this SN post is timely.
First, I love the mission behind DeFi / Satoshi's vision. I'm just not in love with outdated software, and that is what Bitcoin is. Outdated software.
Doesn't mean I don't love the tech, it gave birth to modern projects.
I understand the confusion with bitcoin governance because in a way you're right, but if BTC governance was functioning well, there would not have been several hard forks to improve the chain (and the forks, albeit far less popular, are better cryptocurrencies).
Take BCH for example, while I am no fanboy of it, it really is just Bitcoin 2.0 and made several good improvements all while keeping an active governance.
Long story short, Bitcoin doesn't change and miners are mostly too stupid to even realize how they are contributing to the lack of positive change.
No progress is not progress. This isn't Yellowstone.
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I take back what I said about good faith. These BSV talking points are just willfully deluded.
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And yet you failed to make a logical argument for Bitcoin
I wasn't referring to BSV either. I was talking about what they named that fork after, the real vision.
:)
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