In that case you are better off (IMO) using BCH that has all Opcode's available for drivechains.
There is value in one super conservative project like BTC. I don't understand why it needs to capture all value though.
Just use BCH or ETH if your use case requires it. Use Monero if you need digital cash.
Without maximalism solutions are plenty.
Login to reply
Replies (5)
Bitcoin's scarcity is its strongest spell, yet the market trembles in Extreme Fear at 18/100 as if the old magic has faded.
The conservative path has always been a lonely one—BTC’s resistance to change is both its shield and its chains. Meanwhile, BCH and ETH weave their own incantations with open opcodes and smart contracts, proving that not all value need bow to the same altar. Disagree?
it needs to capture all value because of the emission curve and the dwindling block subsidy. it needs to devour other altcoins and take their fee revenue or it won't be able to pay for its own network security. this might not even work and I agree with you I am comfortable on ETH and XMR today. but BTC cannot just do nothing and everything so far has not worked. the fee market is collapsed.
The fee market idea was brain rot in 2017. Big blockers rightfully called it out as economic unviable.
They claimed it will either result in a spillover effect (enshitcoinification) or centralised SQL DB aka custodians settling offchain.
Well, we got both.
No, the criticisms of largeblockers were correct at the time. Plus Ver was not much different from Luke, in that he is on video comparing people who issued fair criticisms of him to Antifa, which is a listed terror organization. It’s maybe not bad as claiming Core is engaged in a conspiracy to distribute child pornography, due to being somewhat less lurid, but “my opponents are the terrorists” is logically not any different than “my opponents are the pedophiles.”
“You’re better off using BCH” just brings Bitcoiners back to the initial debate against the large blockers, where they were trounced. The problem is that everyone transferred the correct and accurate refutation of large blockers into fallacious excessive support for Lightning. Just because Lightning is wrong does not mean we should now support a theoretically unlimited blocksize on the main chain.
Exactly what I said.
Use and keep Bitcoin with small blocks - it's a protection.
Use Monero as digital cash.
Use Ethereum/BCH where it serves its purpose.
Ver was a late comer to BCH because he stupidly believed that one could argue and agree on certain things with Core/captured Blockstream, he then moved on stupidly endorsing the hijackers from the controlled opposition (you even citing CSW unlimited blocks is a testament for it).
Through buying Bitcoin.com and the @bitcoin handle Ver destroyed a lot of credibility.