“Bitcoin: A Peer to Peer Network Association of Backdoor Payroll from Externally Funded “Node Developer” Company with misaligned interests to manipulate Miners”
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
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
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.
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
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
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
nChain sphere folk need to respect the SAT asset, and SAT owners, or lose over 90% of the BSV users off the top, which will lead to BSV losing nearly all its Network value and the ecosystem drying up and disappearing. No more gaslighting valid concerns
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