This was the original definition of Bitcoin maximalism, before jerkoffs like Saylor and today’s Core sabotaged Bitcoin’s future. Altcoins were supposed to be demos that, when proven reliable, were to have their features integrated into Bitcoin. Instead Bitcoin’s entire “utility” became a bag to pawn off to retirees, useful idiots, and pension funds.
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If you think Saylor and even core devs like Zhao have "Sabotaged bitcoin's future" then you think far too little of bitcoin. It's more resilient than you imagine, and has only gotten stronger each day of the last 17 years, not weaker.
Saylor has added a (very annoying) layer to bitcoin's interface to wall street. I wouldn't own that crap, but wall street traders, hedgefund managers, and others who play that game can appreciate. I'm very annoyed at it and all that ETF money moving the price of bitcoin around, but how does any of that change or weaken bitcoin's ability to produce a valid block every 10 minutes?
It doesn't, therefore bitcoin will succeed one day.
By the way, you said: "Altcoins were supposed to be demos that, when proven reliable, were to have their features integrated into Bitcoin."
I bet you can't find a source from the old documentation (pre-2017) on that. I'm pretty sure that's a narrative invented by altcoiners and just repeated enough to gaslight bitcoiners.
Ossification is a VERY desirable property of a monetary system.
It's exactly the other way round. Ossification had been invented 2014-2017 to establish a permanent capacity limit.
Nobody would have accepted the obvious downsides in Bitcoin (non fungible "money) in 2010-2012 if there would not have been a prospect to fix them.
Maybe you are only half the OG you claim to be, when you don't know about altcoins to be a test bed for Bitcoin things.
Bitcoin had 95% dominance until the blocksize debate heated up.
Ossification is a sign of mistrust in the ruling forces behind honest consensus- that have always been social. It fixes nothing. Allowance to fork (even by bad actors) makes this a permission less system.
I have my mistrust as well. I believe Bitcoin has long been captured. So what does ossification serve then, when it furthers BlackRock and the state?
No process to stop the universe doing its thing no matter how hard you want to ossify - learning and integrating by going through anticipated shit times is the norm.
Long term effects of fractional reserving means they control mining incentives. The very thing Bitcoin security is built around.
Read control plane capital if you want to understand more about how capturing a system in general works ( through long term incentives) and how Bitcoin got derailed.
You think our criticism is because we are haters. Lol, when I understoodBitcoin I shifted my whole life purpose to support the idea behind it. It's just that I don't see those ideas represented in Bitcoin anymore. Monero is what I thought Bitcoin would become by now.