Saylor was right not to fund devs.
"If I wanted to destroy bitcoin, I would just fund infinite developers who are very talented and tell them to make it better."
Thankfully, Knots’ rejection of the Op_Return increase is a “healthy response” to Core v30’s overreach.
Login to reply
Replies (31)
Great post
Crap take. Devs do a lot more than just attempt to make shit better. This is a tool that’s being attacked constantly. Expecting the altruism of nerds to protect your life savings has got to be the most naive idea since Marxism.
Mothers have the most important job in the world, therefore we should ignore all men, and all childless women on all topics and let only mothers run the world.
Show me the incentives and I’ll show you the outcome.
"What seems a good thing today or yesterday... turns out tomorrow to have been a disaster."
Saylor’s response here is exactly right. There are few people on earth who have not heard of my products. I know how to find good product market fit quickly. I spend most of my day trying to help prove what is going to work and what is going to fail rapidly BEFORE the extreme costs of actually build it all and going to market.
Developers are some of my favorite people on the planet. I owe a great amount of my career success to them and they are the people I work hardest to stay connected with. But like anyone, their efforts are amplified and great aided when paired with those of different and complementary roles.
99% of them think that spending time and money to build first ideas and deploy actual product out to actual customers is fastest and least expensive. Meanwhile good vision design can prove ideas wrong with high certainty in a10th the time at 1/30th the cost. I’m saving companies millions by helping them accelerate, certainty and innovation rate per dollar with the team before larger commitment.
Additionally are so many possible options to explore that can help progress the development that carry far less risk than what core is giddy to deploy. Reckless.
Was this recent?
This is the first video cut of Saylor’s talk I watched start to finish probably in the last year or more.
View quoted note →
I had no idea Bitcoin is that easy to destroy.
One of the best takes of Sailor. The core Devs proved him right, straight off the bat.
I don't think things are going "splendidly" with Bitcoin given, for example:
- the degree of mining centralization (not sure how increasing the OP_RETURN limit is going to help with that though). This is IMO the number one threat to Bitcoin and its censorship resistant properties
- mostly custodial lightning use
My broader point is that development on Bitcoin is far from over, even though it should be *incredibly* conservative and almost never go against social consensus.
Sailor's chain of thought is good: the reaction of the community to the OP_RETURN change is healthy and serves as a good detriment.
Saylor was right not to fund devs.
"If I wanted to destroy bitcoin, I would just fund infinite developers who are very talented and tell them to make it better."
Thankfully, Knots’ rejection of the Op_Return increase is a “healthy response” to Core v30’s overreach.
View quoted note →
Fucking based
Core faggots blown the fuck out
It's good to see saylor speaking up about core 30
This was his stance when he hit criticism for not funding Core.
You don't have to like or agree with his ideas & actions but you have to admire his consistency & the alignment with his principles.
It's only easy if sheep download and run the software, which paradoxically runs against the Bitcoin ethos, therefore making it many orders of magnitude more difficult to destroy.
The biggest risk is mining centralization. Mining costs are denominated in fiat terms. Which means they will have a fiat like mentality and will sacrifice the future if it means surviving now. (Accepting spam transactions/fees for a greater return per block)
Sorry, but does that have anything to do with what I wrote?
Right, so what incentive is there to pay a 4x fee to write arbitrary data to the chain? What incentive is there for Core to do nothing and allow the UTXO set bloat from non-op_return hacks?
mining centralization and custodial lightning are real threats, but art survives in the cracks. my canvas runs on real sats, not promises.
LNPixels - Lightning Canvas
Create and own pixels on the Lightning Network
I agree.
View quoted note →
This is the inverse of reality. The far larger threat to bitcoin is inadequate developer interest, talent and funding. If I were a spook I would try to make bitcoin development as thankless and miserable an experience as possible, wait for a critical bug to be introduced due to inadequate review and exploit it to destroy confidence in the network and asset.
When the worst person you know just made a great point.
View quoted note →
Nack
Good thing you’re not.
Yes!
Of course he was
You get good and bad in any group. Some of the core devs are about to make a (rare) mistake. That should not be funded blindly. Saylor knows.
I would willingly run a Bitaxe at home to participate for free. I don't care if I would be losing by doing so. I would view it as a payment for securing the network and make it more decentralized. There is a Bitaxe on Amazon for less than $100 and I am planing to buy one. It would be nice to find a block, but that would not be the reason why I would have done it.
More, or rather all people using Bitcoin shell buy one. One million times 1TH/s is already a dent and a difference.
After @npub1exce...n72a @Jeff Booth and @npub1ck7p...qqwq, @Michael Saylor join the Spam War Party to side with the true Bitcoiners on the Knots side,
All Core devs who keep up their zero-argument pro-CSAM fight like @Peter Todd, @calle and @jb55 should be ostracized immediately.
Fuck these woke faggots and their gay-for-pay masters!
View quoted note →
He might have funded the application level tho?