Hey All - Over the past couple of years, my hesitations of Bitcoin have changed over time - as my knowledge and expertise grew in this area.
A couple of years back I wrote down some of the concerns someone had on Bitcoin during a flight. They understood a decent amount as I think they were a reporter attending a Bitcoin conference. I looked it up a year or so later and thought this would be Stacker News gold.
I'd be curious to hear everyone's line of thought on some of these areas. Many of these I had when I didn't understand enough about Bitcoin, but I think it is important to consider these - because others newer to this space may have these as well!
Lightning and Mining
- Is lightning the best layer two solution, if not - what else can reasonably take its spot this decade?
- How do we further diversify mining pool activities? 70% of the hash rate is with three pools.
- What efforts to further decentralize the node options for lightning wallets?
Philosophy
- In a hyperbitcoinized world, there are/ will be risks of extreme wealth disparities. With an ever- deflationary model, incentives will evolve for the better. How will you get your hands on Bitcoin if you can’t buy it anymore?
- Will everyone make it on the life raft, for those who don’t (and many will), won’t the government become extremely authoritarian and draconian to Bitcoiners?
- Will we see a peaceful world on a Bitcoin standard or more of a world ruled by Oligarchs in Citadels?
Satoshi
- If Satoshi were to ever be revealed would this be a net positive or net negative?
- If Satoshi were to dump on retail where would bitcoin be?
Bitcoin Core
- Core developers earn a meager salary and meager living, any ways to incentivize whales to offer more development efforts on the core?
- With as many smart people as there are studying the code, and analyzing the BIPs, how did Taproot get pushed through with the unintended consequences of Ordinals?
Circular Economies/Practicality of Bitcoin in Developing Countries
- How is the older generation handling the learning of Bitcoin? What are the biggest gaps, and biggest successes?
- Service and Internet issues? Without excellent internet, bitcoin can be a sluggish experience. In addition to Star Link, what is being done to enhance the internet in every square foot of El Salvador and country wishing to adopt Bitcoin?
- How has Chivo functionality been improving in the past couple of years? -What hardware wallets are Salvadorans (and other nations with smaller capital pools) able to subsidize self-custody? Most hardware wallets are $60+
Cheers Everyone!