“Bitcoin: A Peer to Peer Network Association of Backdoor Payroll from Externally Funded “Node Developer” Company with misaligned interests to manipulate Miners”
Is this BTC , BSV or both?
Just asking
My complaining has zero to do with hash. Taal still supports the asset.
BTC was destroyed by its outside-funded node software dev company with misaligned $ interest and power to manipulate the miner
It’s the same issue in BSV, for different reason
Don’t turn Proof of Work based on an asset value
Into Proof of Work based on some weird cultish imperative
Then act like you didn’t do anything deceptive
The problem in BSV isn’t with people sitting on a lot of SATs
More the problem is of people on nChain’s payroll, directly or indirectly, with not enough BSV SATs.
The irony being that nChain’s funding of payroll ostensibly comes from crypto assets
BSV embracing this network value purism will pretty much be the end of it.
Network value purism will NEVER beat big tech. The evidence of this in the marketplace is overwhelming.
100 million People are in cryptos to participate in their alternative asset economics which is the X factor that can take down big tech.
0 sat UTXOs could lead to infinite fragmentation of the UTXO set which then becomes an economic externality that is at best a race to the bottom, and potential destroyer of vital network cost and performance characteristics
Network value purism in Bitcoin will never beat Big Tech . Asset value must be an equal component
Even proof of stake systems would have a better chance, but those a trade of one groups stakeholders for another so it’s hard to care about it
It’s so ironic because I thought the CG conference was quite good.
And I like what Taal is doing by being heavily vested in BSV
Bitcoin is a nexus of asset value and network value. That is the magic of it. Take one away, it’s finished. Devalue the sat as its commodity, lose to other coins.
Feeling elated right now in retrospect that I never quit the day job to build on BSV .
Fuck it all really
the more I read Twitter the more delusional techy morons I find in BSV
nChain has top expert knowledge.
But they’re fucking LARPing about shit on the business and wider tech.
My concern is the LARPing is going to screw up the network for others while motivated to diminish sat value . Hash is overhead cost obstacle to them
Who out there pretends to be independent but is actually on nChains payroll?
Anybody who won’t ack these facts is a gaslighter:
1) bitcoin’s history is rooted in asset value
2) proof of work lacks means in bitcoin if the sat is not its commodity
3) BSV launched / gained interest as an asset with utility
4) this is a script flip
In the last 2 years I explored a lot of possibilities in a BSV context.
I now need to explore the same possibilities in a coin-agnostic or BCH context
I think CSW not transacting has little to do with law and/or courts and more to do with his agenda for nChain
Seriously, where is a BSVer to go?
No go to proof of stake systems
No go to high fee non-scaled system
No go to Segwit
Just BCH
Or a BSVer can wait around and see if the BSV owners and cal/ Taal camp prevails over the nChain camp’s BS
I never imagined when I got in BSV in its early days that a few years later I would be facing a prominent camp who believe that asset value is not a part of the Bitcoin system. I heard such comments but for a long time they seemed a fringe view
Sounds like bot problems at noise.cash
nChain only exists due to the value of the Bitcoin asset
nChain's business model is the thing least in line with the original Bitcoin
The magic of Bitcoin is in its nexus of asset value and network value.
I see a surge of network value purism which seems to emanate from the nChain camp. It has roots in its business model.
I see it causing a lot of conflict, as if BSV needs more
