Is "privatizing Bitcoin Core software development" a good idea?

[bitcoindev] The case for privatizing Bitcoin Core - Bryan Bishop

I just had a look at the podcast of primal.net/danny with Boomer_BTC and @Danny Knowles: very interesting insights into the current state of mining centralization and the likely future of blockspace as a commodity.

Don't explain anything to me or anyone else as if I were five. Take a look at this, why:

🔄 Switching from #BitcoinCore to #BitcoinKnots? No need to redownload the blockchain! Here’s how to reuse your existing data: 1. 🛑 Stop your Bitcoin Core node. 2. 📂 Locate & move your data directory (usually `~/.bitcoin` or `C:\Users\YourUsername\AppData\Roaming\Bitcoin`). 3. 💾 Install Bitcoin Knots from [their official website](https://bitcoinknots.org/). 4. 🛠️ Configure Bitcoin Knots to use your existing data: - Create `bitcoin.conf` in Knots' data dir. - Add `datadir=/path/to/your/moved/data`. 5. 🚀 Start Bitcoin Knots & let it verify your data. 6. ✅ Check sync status in the debug console. Easy peasy! No redownload needed. #Bitcoin #Blockchain

Now BTCUSD is again above the value, when SPY500 hits its ATH at 02-19-25. SPY500 still down ~8%.