today i learned most bitcoiners don’t understand bitcoin
Login to reply
Replies (94)
Yeah lol, I’m one of them 🤣
The contrast between Twitter and Nostr bitcoiners is very pronounced on this issue
Yeah but people who call it $BTC and also get the privilege of high visibility in Xitter’s new era of FreE SpeEcH™️ “don’t get it” in a much more sinister way
You are right where you wanna be (not a piece of shit) don’t worry
It’s a really hard thing to understand.
Basically if you think of it as science you’ll do ok and be less wrong over time.
Phew😅
Many blessings🙏
Doesnt understand basic software practices
100%
View quoted note →
What's your position, Jack?
😥
Cypherpunk > bitcoiner
Bitcoin is the tool in which the cypherpunks hope to achieve their goals, but the goals preexisted bitcoin.
There are many people who want bitcoin that could care less about a permission-less global currency.
This helped me understand how it works much more and how I came to find the book, Working In Public.
Fountain
Stephan Livera Podcast • SLP216 Gloria Zhao Learning Bitcoin Core Contribution & Hosting PR Review Club • Listen on Fountain
Why is Bitcoin so exciting? How does Silicon Valley culture influence it? Gloria Zhao, bitcoin core contributor joins me to talk:
Silicon Valley ...
So much cope from the saylor simps
Bitcoin will grow and change forever. Financial people only understand, Borrow money until you need more money. It is never going to be a solution only tradeoffs.
Ossifiers don't understand #Bitcoin
Yes, they don't understand that overfunding Bitcoin Core lazy devs is the best path towards ossification.
Does that guy even know what a utxos is?
I still have a lot to learn about #bitcoin, but I make it a daily goal to expand my understanding. Each day, I ask a new question or research a new topic that I come across during my internet browsing.
u found reality vs perception finally
how?
Ossify it? Like gold? Just fuck all those pointless L2s and L3s that will make it accessible for future generations who won't be able to afford to access the L1? Ensure that it stays the play thing only of the wealthy?
Bitcoin needs its "Ossify Now" cadre as much as it needs it "Add Bells and Whistles" cadre and all the other knuckleheads in between. The contentiousness of the relationships ensure that neither side ever gets everything and progress is slow and purposeful.
That said the folks maintaining Bitcoin Core, Knots, btcd, etc. deserve to be funded. Funding though should truly have no strings attached to it.
More awareness is needed
Porque la mayoría llega a #Bitcoin sin estudiar. Se transmiten tópicos de una Red [rrss] a otra con fallos de base. En general la gente no lee, no investiga y solo escuchan vídeos de influencia que no son profesionales 🤷🏻
Most bitcoiners don't understand that "Bitcoin" as a thing doesn't exist, it's not a thing, it's consensus among many things.
Consensus techniques can evolve and become better.
I do not understand bitcoin. But I also can’t call myself a bitcoiner.
Typical midwit take.
The only logical response
who is Mark?
Mark is not most bitcoiners
How has taproot improved bitcoin? What's the upside to downside ratio on it?
I can understand the calls to ossify (even if they are futile). What is the probability of unexpected negative consequences from further upgrades? Is it a number above zero? I'd rather see base layer frozen but go whole hog on L2s and 3s. Like nostr plus ecash, or supertestnets new LN alternative. Fucking awesome stuff!
...signing off now from the left side of the bell curve.
I assure you he does.
Not understanding btc is one thing...allowing funding and grants from Wall Street/ETF/FED gang is another thing. People who want to fund core devs were not so long ago doing all they could to kill the project. Is Satellite Broadcasting Of Bitcoin Protocol one of the discussed/proposed upgrades? Seems to be some noise surrounding that.
The offisy now guys are the worstThe
👏🏽👏🏽 thanks for saying that. The type of fear that comes from ossificationist it’s only equal to their fear of not being able to get rich quick. It’s just speculation winning over innovation. The result in a 100 years: a new bunch of rich people protecting their wealth and fucking everybody else up, again.
🤔 is my phone drunk, sheesh
*The ossify now guys are the worst
Adam Black one of the main figures in Bitcoin development I believe, suggests from what I understand a more conservative, step-by-step approach to evolving Bitcoin's protocol, prioritizing robustness over rapid feature additions, and leveraging layer 2 solutions to drive innovation while keeping the base layer relatively ossified and simple over time.
His words : 
"naw dog, that's my head!"
🎯
Many #Bitcoin enthusiasts do not have a comprehensive understanding of its complexities. Understanding this complex ecosystem is critical to effectively navigating the crypto space.
Drivechain fixes this
😣
"Bitcoin is Perfect, don't touch it"
Should have not developed the engine, horses were fine ig...
View quoted note →
Strange this ossification argument is coming from people with product development backgrounds, no such thing as a "perfect" solution
Isn't MicroStrategy somewhat pivoting to BTC software development as well?
chief 🫂 guy
Prelude to Jack recommending larger block sizes.
Are Linux devs funded through ETFs?
Don’t know, you should look through their financial statements for that info
We need to not have inflation.
It wasn't that complicated in the end. Kernel is supported by Linux foundation who gets their funding from 'donations' from tech firms.
And?
Advocating asymptotic ossification as an axiom is NOT a misunderstanding of bitcoin.
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." - Satoshi
Sorry, not sorry, Dans.
View quoted note →
Everything and everyone is captured.
I don’t agree with that at all
You must be young.
Look up the financial statements for open sats. They’re doing that work for “free” but they know that in the long run, they’ll benefit.
I thought MSTR was getting into lightning development.
¯\_(ツ)_/¯
I like the projects open sats funds... Not so much the board of directors.
My one contention with this is largely that of semantics.
"#Bitcoin has been a completed project for a long time now"
Excuse me, but no, wrong, false. Anyone who works in software will tell you software is never "done", it is never "completed". Software is either replaced or it is in a process of developing even if that process is imperceptibly slow.
Okay all that said, I agree with the overall sentiment, Bitcoin doesn't need a lot of bells and whistles. Just any necessary security patches, bug fixes, or potentially improvements to the currently existing feature set, but that's it.
That approach seems acceptable
I like those projects too and they could’ve gotten more funding if it wasn’t for saylor
Yup. Honestly, even if the worst case Saylor scenario were true, I think it's better to have the "investooor" mindset's interests balancing out the "it's my turn to sperg out" dev crowd's interests.
Monero solved that.
If that believe so they should fork it and freeze the code
Just like that good old "gold standard" you could rely on.
Until you couldn't because of Keynesian economics..
you do?
In my opinion it is not @ODELL vs @saylor , it's a question of mentality.
Am I prepared to support something that I use, be it with my time or with money - or am I just using something at the expense of others?
You just don't care about your retirement, Dan.
His focus of perception is how to calculate everything correctly in order to live to the grave, and what will happen then is no longer in his competence.
I bet he has his grandmother's vase over the fireplace.
I don't know if that's true. I don't know why Jack gets a free pass, tbh I don't trust that guy at all. Hopefully one of Saylors next interviewers will ask him.
I didn’t give Jack a free pass but his company has donated a lot to bitcoin development and that’s what matters most. He does talk about his story with twitter on the money matters podcast. I think it’s the first episode, worth a listen.
Kinda sad tbh
No one fully understands bitcoin.
What are you gonna do about it jack?
Maybe we should ask Michael why he's stacking open source money while opposing open source development.
So true!
Devs are the backbone of BTC
They are the motor of the evolution.
Support the devs!
interesting new debate in bitcoin world
View quoted note →
For many bitcoiners, incentives changes when NGU.. others, who understood #bitcoin and why it exist and is hwre to stay, will stay still to their values.
But people differs on different ranges of the spectrum of understandability.
I don't see how true ossification of Bitcoin base layer is possible.
Anyone is free to run their version of software they want, and pay the consequences for it
You've heard of Spiral right?
I’m not a developer, but to me it’s easier to understand how too much new development could break bitcoin than it is for how ossification could break bitcoin.
use his reach to raise awareness, so that people can form their opinions and reach consensus.
Nope 👀
.. or software 🤦♂️
How does that define most?
We need both camps Jack.
What is the question of the day?
Yeah, fix the filters...
Not sure how to understand this point. I don’t think we should be ok with ossification. While we must be cautious and carful, and the stability of bitcoin consensus has been a feature, we got to accept that it’s not a finished job
If we want bitcoin to be used worldwide and self sovereignty to exist, we can’t assume that bitcoin will only be used in centralized layers .. we got to figure out safe ways to enable trustless L2 where full financial powers can unveil whole keeping base layer ultra secure
Unfortunately there is whole world that does not understand bitcoins superiority and they are using other chains on things that are valuable like moving stable coins or excusing them with bitcoin etc but all happening in less secure centralized options.. even myself launched a payment processor were stablecoins are used and I needed to use other stuff when I wish I could use bitcoin rails for it as on a personal side I just only focus my time on bitcoin
So things like op-cat or equivalents, helping BitVm work etc would do a lot for bitcoin and we shouldn’t cancel out that stuff or put it into a multi 20 years debate
Good thing it's not a democracy
What, if any other software has been “ossified” and is still relevant?