Read on Twitter
Such a great listen.
Sober, clear minds discussing some of the narratives, dogma and challenges ahead in the space. https://twitter.com/EpsilonTheory/status/1336435168823955457
Sober, clear minds discussing some of the narratives, dogma and challenges ahead in the space. https://twitter.com/EpsilonTheory/status/1336435168823955457
Regulated entities and large influential players from legacy finance are not buying a chunk of BTC because they want to uphold cypherpunk values and change the world, they want to make money.
Don't forget how the narratives have shifted over the years - they will change again.
Don't forget how the narratives have shifted over the years - they will change again.
One of the talking points has always been that when enough influential people own BTC, they'll have a vested interest to keep it going.
But what if they don't ban it, but tame it?
Appeasing regulators would make it more appealing to other institutions.
The goal is max profit.
But what if they don't ban it, but tame it?
Appeasing regulators would make it more appealing to other institutions.
The goal is max profit.
This can totally cut both ways, but we're typically too far down our tribe's indoctrination to entertain the scenarios where we lose.
Its naive to think that we'll be able to change the beast from the inside as it's slowly swallowing us whole, diluting our values.
Yet we cheer
Its naive to think that we'll be able to change the beast from the inside as it's slowly swallowing us whole, diluting our values.
Yet we cheer
This post is a great example of how that could play out from miners dropping the censorship resistance perspective. https://juraj.bednar.io/en/blog-en/2020/11/12/how-could-regulators-successfully-introduce-bitcoin-censorship-and-other-dystopias/
And this piece is another thought experiment on the co-opting of the governance and development processes. https://medium.com/@paracelsusburns/the-coming-bitcoin-war-ff3e96db3aad
#Decred is uniquely positioned by design to be a hedge against some of these risks with its hybrid consensus, self-funded treasury and sound, transparent governance process.
Can it still be co-opted?
Yes, but you'll find it bloody hard to get a sizable stake in the network.
Can it still be co-opted?
Yes, but you'll find it bloody hard to get a sizable stake in the network.
That does not mean that we should be complacent, though.
The full stack of tools for self-sovereignty is being built out, the onus is on us to use them and educate others about them and the values that brought us here in the first place.
The full stack of tools for self-sovereignty is being built out, the onus is on us to use them and educate others about them and the values that brought us here in the first place.
The more I think about it, the more I agree with @chrisdannen's take on @ConsensusRough about Decred being better off letting Bitcoin take the regulatory heat.
Use our DEX as the prime on-ramp, be the subculture that sticks to that cypherpunk ethos. https://roughconsensus.libsyn.com/episode-11-open-source-bitcoin-decred-with-chris-dannen
Use our DEX as the prime on-ramp, be the subculture that sticks to that cypherpunk ethos. https://roughconsensus.libsyn.com/episode-11-open-source-bitcoin-decred-with-chris-dannen
