I’ve bought the drivechain idea. I understand you have issues with miner involved governance, and I admit that these are problems, but at the very least the planned desired drivechains for geographic scaling and zk-Snarks can be set up early on the eCash fork when there is very little miner involvement outside of really committed people.
In a way, the necessity of involving miners in governance might be good, because miners could have served as a check on the retarded and corrupt behavior of Core but have abdicated from this responsibility. So demonstrating to miners that there is potential ecosystem value in being more involved in governance is potentially a great thing.
Regardless I feel the issues are nuanced beyond my understanding. I am not certain drivechain will work! Your criticism seems potentially legitimate. I am, however, certain that Lightning is not the solution we need and it is time to de-ossify Bitcoin, specifically clear out the dysfunctional parasites suckling on the teat of venture capital who have sabotaged it, and put new people at the helm of the ship. Even if the new people completely fail at the assigned task, getting rid of the people that have so catastrophically failed and wasted so much time and wealth is a virtue in itself. Ineptitude should be punished.
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Wow, you guys just have no grounds in reality. Bitcoin is still an open source project and ossification is protection from the bigger threat, which you seem to welcome.
Altcoins await your future. Keep that crapthink away from bitcoin!
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.
Altcoins are literally the consequence of this kind of attitude. Tether started as a Bitcoin project. If this kind of attitude had not been propagated by Core, Bitcoin could be collecting all those fees. Now Tether has over double Bitcoin’s daily volume! Most days, on TRON alone, Tether exceeds Bitcoin’s daily volume. Fucking TRON!
Bitcoin’s ossification saw *every single real world application of blockchains* flee to other, more useful chains. Back when I considered myself a hedged Bitcoin maxi, I thought the idea of Bitcoin maximalism was that all these altcoins were going to be demos of useful blockchain features which were eventually going to be Bitcoin sidechains. Now Bitcoin’s only utility is speculative (which is less fun than Solana memecoins) or convincing pension funds and useful idiots to buy Bitcoin treasuries and ETFs.
Altcoins have been around since 2013. I played with quite a few that year. When Ethereum launched, I was an insider in the right place at the right time, who could be sitting on $Billion$ right now if I didn't have my "high & mighty" bitcoin maximalist attitude. I'm not sorry.
That attitude exists, in all of the old school bitcoiners, to do exactly one thing: To protect bitcoin's censorship resistance. Something no altcoin or stablecoin will ever have. It served us very, very well during the blocksize war.
Just because you don't value censorship resistance (which is, let's face it, the only thing that keeps governments from stopping a competitor) doesn't mean bitcoiners don't. We're still laser focused on that task.
Calling bitcoin's utility "Speculative" makes you look like a state-loving bootlicker.
LOL. Bitcoin is not censorship resistant at all for any practical use. That’s why dissidents use Monero. I myself became a Monero user because people who I sent and received Bitcoin from ended up getting their exchange accounts suspended after my exchange account was suspended. Bitcoin is not censorship resistant because it is not fungible. Censors don’t need to block a transaction if they can just deny everyone you trade with exchange access.
Bitcoin has lost the plot when they start talking about this shit.
Tell me you don't know what censorship resistance is without telling me you're a flaming retard. Those are EXCHANGES, not bitcoin. Jesus!
And don't talk to me about fungibility. Dollar bills have serial numbers on them, they are still accepted 1:1 for each other unless blacklisted at a bank that is watching for them. Exactly the same here, except there is no formal network of banks watching. You're being silly. Bitcoin's fungibility is fine, and coins can be washed far easier than dollars if you're paranoid.
“As long as transactions can’t be censored on the blockchain it doesn’t matter if people can’t buy or sell Bitcoin anymore.”
I have never once in my life had a dollar bill not be spendable anywhere in my entire life. I’ve had a ton of problems sending and receiving Bitcoin. The comparison is entirely theoretical and completely contrary to people’s actual experience. Monero is simply better.
You don’t understand why this makes how Bitcoins define censorship resistance a completely jerkoff nerd fantasy? Actual censorship occurs at all layers of society, and if you can be identified by your transaction history then you can be practically censored in all sorts of ways (including people showing up armed to take your Bitcoin from you).
This is why Bitcoin is not very useful as money, and all real world commerce has fled to other useful blockchains. Because everything is just Herman Hesse’s Glass Bead Game. Things only are meaningful to Bitcoiners on blockchain, and how that blockchain actually interacts in commerce and society has been determined to be completely irrelevant.
"all real world commerce has fled to other useful blockchains"
Ah, so you're just trolling me. Whew... You had me there at the first part, not gonna lie.
Solana and ETH have contracts. TRX-Tether has remittances. Monero has grey markets and political dissidents. These are the real, critical uses of blockchains. I don’t care about custodial coffee purchases with Square, and it’s not significant (this is obvious by the lack of volume in Bitcoin vs Tether).
Bitcoin has no killer app. It no longer has a defined reason to exist.
We're not even from the same planet, you and me. Money is the most killer app in my entire galaxy, and for humanity's entire freaking existence, it was something the state had to run or at least had the power to take away from us and force us to use their unbacked tickets that they inflate to infinity 100% of the time.
Bitcoin completely destroyed that, and guess what? ZERO of your cute little tokens can even hope for a moment to do the same.
But have fun putting your monkey jpegs on them, I'm sure history will remember your enormous heroism.
> Bitcoin completely destroyed that
Yes. Nakamato consensus was an important contribution that changed the world. Without question. But the world has moved on, because things more useful than Bitcoin came along and Bitcoiners no longer desired to ask what people wanted their money to do.
Tether isn’t monkey jpegs, and people are using a whole lot more of that than Bitcoin. Why do you think that is?
Monero is also not monkey jpegs. For all the markets and services that can *only* transact in crypto (e.g. criminal activity or debanked political dissidents), they are nearly exclusively using Monero. Why do you think that is?
It's also laughable that any Bitcoiner would contemptibly use “monkey jpegs” as a pejorative. Bitcoiners also widely promoted Ordinals and Runes, which were complete failures. Ord shut down just this month. So if you are deriding smart contract facilitating chains as just monkey jpegs, your beloved blockchain is even lower than monkey jpegs. Core is also doing everything they can to facilitate Citrea, which is bringing EVM compatibility to Bitcoin.
All of this stuff is too little too late, like Microsoft spending billions on AI for no return. Bitcoin is grasping desperately to try to capture pies of commerce which are already settled firmly in the hands of vested interests. And Core encouraged all this divergence in the first place! They spewed idiotic shit about “store of value” and “fee market” while openly deriding anyone that wanted to use blockchains for actual tangible utility. Then, a decade later, after all that opportunity is squandered, they try to push NFTs and EVM contracts. It’s too late! You people could have listened back when we were saying Bitcoin needs to actually be more than digital gold years ago. And you double down on your belligerence today, even with Bitcoin Core pathetically trying to facilitate another bubble of monkey jpegs and *failing at it*, authoritatively demonstrating that Bitcoin is tangibly, measurably worse at actually accomplishing things than other chains! The years-late desperation clings to you all like tar. You fucking stink of it.