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I've been saying this for a while: I'm not a fan of Bitcoin, but some of the underlying ideas are here to stay. The technical solution to Sybil-resistant distr
by SomeStupidPoint 9y ago
I've been saying this for a while: I'm not a fan of Bitcoin, but some of the underlying ideas are here to stay.
The technical solution to Sybil-resistant distributed systems was insightful, and I'm sure we'll continue to make use of it, but the Bitcoin community hasn't really carried that forward.
In no particular order:
- They disabled a bunch of OP codes, which gimped their network.
- They attracted the kind of people who make toxic communities.
- They haven't really provided a usecase for the network, partly because of the first point.
- They haven't proved they can implement technical solutions, partly because of the second point.
So while the underlying idea is interesting, I have very little faith in the technical stewardship or the vision of the Bitcoin community, and thus expect another project to disrupt it before Bitcoin ever accomplishes its initial (and long since forgotten) goals.