Chad Lupkes's avatar
Chad Lupkes
npub1murd...cnel
Wealth based systems are the future. #Bitcoin is the foundation for wealth based financial capital. Critical thinking is required. Bitcoin class of 2017.
Chad Lupkes's avatar
chadlupkes 2 months ago
BIP-110 violates the epistemological clarity Bitcoin provides. Bitcoin's purpose is verification of present state. Loading extra data treats blockchain as general-purpose database instead of provenance layer. That's category error. Like using a calculator as a hammer because it's solid. Wrong tool for wrong purpose. People keep trying to make Bitcoin do everything instead of recognizing it does ONE THING perfectly. Bitcoin verifies present state of who holds what. That's it. That's the revolutionary contribution. Everything else (smart contracts, NFTs, decentralized storage, whatever) should be BUILT ON TOP of that foundation, not crammed into the base layer. The epistemological clarity Bitcoin provides is its value. Diluting that for feature bloat is the exact mistake debt-systems made: trying to make money do everything (medium of exchange, store of value, unit of account, credit creation, policy tool, etc.) instead of recognizing each function requires appropriate substrate.
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chadlupkes 2 months ago
It is annoying to live in a world that devalues the medium of exchange currency intentionally, prevents verification of information without gatekeepers, locks down innovation behind paywalls and limits participation in governance unless you are one of the chosen few.
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chadlupkes 2 months ago
Self-doubt isn't a bug, it's the entire point of debt-based systems. Keep people so afraid of being "found out" that they never put their work into the commons where it could actually compound. I just posted my SatSwap and IPFS-Sats protocol design on @Peter Todd 's OpenTimestamp forum on X, and on the IPFS Discussion forum. I actually overcame my fear. We can just do things. Well, we can just try things, and ask for help when we need it. Onward!