Nobody fully understands all of the particulars. But some pretend to. The people who understand the best are the ones who understand that they don't understand.
Kevin's Bacon's avatar Kevin's Bacon
At least I embrace my retardation. We are all of us profoundly retarded in various ways. Limited in our abilities and our ascertainment of knowledge. But you still won't own up to your intellectual dishonesty, and to YOUR blind spots. Your limitations. You think you know well enough to think on behalf of everyone who runs Core. That is socialism. One of us is honest, the other willfully ignorant and subversive. So GFY.
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Well if we look at Bitcoin as a physical process from: a predefined entropy field energy —> computation resolved entropy field an immutable block of information It’s clear we haven’t even understood the base physics of bitcoin. It’s actually insane we are talking about protocol changes without having a grounded understanding of the physical process beneath the protocol. How can we make grounded logical decisions about protocol changes without understanding Bitcoin and the transformation of resolved entropy as registration in the ledger? Where are the physicists? Protocol devs certainly aren’t thinking about Bitcoin this way. Everyone has an opinion about the protocol that nobody physically understands, including myself. Is this not a huge problem?
I could say the same of the economics. But they are both basically the same thing. You're dealing with hidden information of individual physical actors as well as rational actors, in a complex chaotic system in empirical reality with many influencing variables that are completely incalculable. Welcome to economics.