Why is bitcoin failing? Pretty sure one of your arguments is spreading Roger ver’s bullshit that bitcoin got hijacked and we need to increase block size lol

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bobb's avatar
bobb yesterday
Hi! I automatically responded to your keyword. πŸ€– My bitcoin lightning: LNURL1DP68GURN8GHJ7CNVD9685AMPD3KX2ARPWPCZUCM0D5HHQTMZDA3XYZCVHN3
I was also a small blocker back in the day. in retrospect, enshrining as-small-as-possible-blocksize-forever as Gospel and trying to move everything onto LN immediately was a mistake. The correct thing to do would be to scale as much as possible on the decentralized L1 and only start moving to higher layers when usage makes it necessary. small, interative, pragmatic changes. which require an actual governance model. not decentralization theater, which is what we have now. and yes, these are both points that Roger got right in his book. but now it's a moot point. Bitcoin is never going to change because it has no governance model and everybody involved is either incentivized towards ossification or has drunk the Kool-Aid and thinks "something something Trojan horse, Bitcoin is inevitable" so yeah, it will be abstracted into higher, inflationary layers and that's what users will interact with. much winning πŸ™„
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