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Vote With Your Feet: A Short Story

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“Give me liberty, or give me death!” Ben James said, poking the air with his fork to emphasize. I smiled back at my husband as he enjoyed the steak I’d grilled in the backyard. He was telling me about the second Citadel he wanted to create, this one affiliated with us, run like ours, but on Mars. We had enough wealth from his father’s early Bitcoin purchases to create multiple cities if we wanted to. And Ben James wanted to.

I looked over at our daughter, Marla, dutifully whipping up sandwiches for her brothers before they came home; she was beautiful, the sun shining behind her long hair as a breeze blew through our kitchen windows and gently rustled her sundress in the hot summer air, her apron accentuating her slender waist. We made eye contact, deep understanding and knowing passing between us. My youngest daughter, 6 year old Eloise, sat at the table doing her reading homework.

In Ben James’ citadel, every child was home schooled. Some of us moms cooperated to lighten the load, teaching another’s children for a year or two, then switching it up.

“They say Mars is like the Old West,” Marla said. I turned away, knowing before either spoke another word how this conversation would go. “Survival is so difficult that women must be willing to act like men, to do everything men do, whether because there’s so much to do or because the men die.”

Ben James set down his fork, eyebrow raised as he assessed her. “Perhaps those boys just haven’t figured out how to be masculine yet,” he said. “That behavior would not be tolerated on my citadel on Mars any more than it is here. No woman of mine will ever work for another man. I won’t have whores in my family, or in my Citadel.”

Marla got a sly look on her face. “So what does that make the men working for other men?” she quipped slyly. “Didn’t you used to work for—“

Ben James’ chair made a painful screech on the floor as he exploded to his feet. My husband and my teenage daughter stared each other down, and I wanted to grab her arm, pull her back, tell her to stop being a rebellious and impulsive child. In a Citadel, the word of the Sovereign was law. And he could exile you, or worse, on a whim.

“You’re a young, chaotic woman,” he said quietly. “You cannot understand how the worlds work. You have everything you need. As a family, we are free from the tyrannies of the State. And you are lucky enough to be where you belong. Women are most happy in the home, cooking, working with children. I will hear no more of this foolishness.”

“Yes, yes, Bitcoin gives Freedom,” Marla smiled. “Without freedom, better death.” In a way only a teenager could, she grinned deviously at him, mouth pursed, and went back superciliously to finishing the sandwiches. “I do so love spreading mayonnaise on slices of bread while my brothers are out shopping for rockets to a far away planet.”

“GET OUT!” Ben James shouted.

“Gladly.”

Marla left, smugly dropping the knife on the unfinished sandwiches.

I sighed, looking at him sympathetically. “She’ll learn,” I said.

“Jeremy was here yesterday,” he said.

“Oh?” I asked, my heart starting to speed.

“He would like to marry her.”

I brightened my eyes with excitement. “He would bring her into line.”

“Indeed. A few more years and his Bitcoin holdings will be enough for a small Citadel of his own. No city, but certainly a small town or large ranch, housing a dozen other families. He would run it extremely well.”

My four sons all ran into the home at the same time; 7 year old Jared, 13 year old Bo, and the 17 year old twins, Jackson and Luke.

Ben James smiled broadly and sat back down at his steak. “Finish their sandwiches,” he told me.

I laughed good-naturedly and turned with a smile to the counter, and got to work finishing their food.

Ben James had approval in his voice. “That, boys, is a good woman! Never ask a woman to make you anything for dinner; you must tell her. If she says no, walk away. If she complains about how you ordered her, find another woman. A fundamental test of a woman’s quality.”

I handed my sons their meals, and asked Luke how the day had gone.

He smiled at me. “A bunch of stuff you wouldn’t understand,” he told me lovingly.

I thought about my days before the war broke out, before society had broken down into anarchy, when I had been in school learning how to build the very rockets he was likely looking at purchasing. He had no idea how they ran.

But Ben James always said making rockets would never fulfill me. It was in the home that my happiness was. I smiled at my four boys and Eloise, at my husband. Those days, full of curiosity and problem-solving, were behind me. The riches of my father-in-law made it possible for me to be truly happy here, in this home, without the dopamine rushes of intellectual and engineering problems solved each day.

I had married Ben James to survive, the way women had done since the dawn of time. He was my provider and protector. He had taught me a lot, and his passion for self-sovereignty had infected me.

My eyes rested on the quote framed in the living room. “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.”

Bitcoin. The tool that had equalized the power dynamics between the powerful and the ruled. The means of freedom for millions of people. The great uplifter.

I smiled.

When Ben James sat Marla down the next day and told her she was to marry Jeremy, I was impressed at her stillness. She did not flinch, did not even glance in my direction. She stared blankly at the floor for several seconds. After a moment she got a small smile on her face and looked Ben James directly in the eyes. “Father.” She blinked. “You’ve always taught me so much.”

He looked taken aback. “And?”

She shrugged. “That’s all. I want you to know that despite everything, I’ve taken it to heart.”

He looked at me, bemused. But then told her, “You’re to be married in two months, once all the wedding details are arranged. You and your mother will work it out.”

Marla finally looked at me. There was a new seriousness on her face I had never seen before. But I understood; she was ready.

I’d been preparing for this wedding day for years and the pieces finally fell easily into place; purchasing and packing up clothing for her honeymoon, transferring the money her father had saved as a dowry to new UTXOs, ready to join funds with her husband. My daughter was prosperous, rich enough to own her own land, a great deal of it.

My husband saw the charge to the airline later in the day. “I see you got her honeymoon tickets, a little pricey.”

I grimaced. “I wanted them to fly private.”

“It’s ok, I should’ve done it. I know women don’t really like finances. It’s not your fault they overcharged you.”

I shrugged, remembering the first time he had hit me; I’d spent money on a plane ticket, planning a trip to visit my friends. He had made it clear that women traveling alone for fun always lead to affairs and evil, especially when going with their female friends. Later he had explained that wanting to visit my mother was equally taboo. I knew that after marrying Jeremy, Marla would not be coming to visit anymore. She would stay home with her children even if Jeremy visited Ben James.

Two months later, everything was ready. “We’ll meet you at the church,” I told Ben James. My eyes landed on the framed quote once more. “Some sly roundabout way.”

The boys headed to the bachelor party while Marla, Jared, and Eloise piled into the car while I put Marla’s honeymoon suitcase in the trunk. We were to meet at the chapel that evening for the wedding. Marla and I smiled at each other as Ben James and my older sons drove away.

We got into the car. Two hours later we reached our destination, and grabbed her suitcase, which held clothes for myself, Eloise, and the two young children. In my head and Marla’s as well were the same twelve words. We hurried to the private airplane awaiting us, and the pilot stepped forward himself to meet us and verify our four discounted tickets, before escorting us into the interior. We were in the air ten minutes later.

__________________________

We’d been living in Rockson Citadel for six years. It had taken an entire two years for Ben James to find us. He quickly realized that we had fled to a small nation that was far more prosperous than he was. There was nothing he could do to get us back. I had my own Bitcoin that he had never known anything about, enough to flee, to hire protection, and he could not reach us. Soon I was taking part in the prosperity of Rockson, no longer in a Citadel with the brainpower of only 50% of its population, only able to purchase rundown rockets, but in Rockson, a society that built new ones and created innovation. I added my insatiable curiosity and joy of discovery, my brain power, to everyone else’s, contributing to society and the rocket industry. My many female colleagues worked with the men, and our combined brain power had us light years ahead of tiny backward Citadels like Ben James’. Our weaponry alone could wipe his city off the planet before he’d have time to point that angry finger of his in judgment.

My daughter married Jason, and they were expecting their second of hopefully many children. He continued to work as an engineer in the oil industry, and Marla had a remote job at home, tutoring university students in physics while staying home full time with the toddler. She had earned her bachelor’s degree with his support, and during her University studies he had stayed home to watch the kids when needed. She was now taking online courses for her graduate degree. They also had a thriving artwork following, painting each morning and selling the pieces at a hefty price, the shared passion that had brought them together in the beginning. Every evening the three of them ate dinner together, and any time I wanted to stop by I was welcomed with open arms.

By the time I remarried, Ben James was a distant punchline of jokes.

My husband, Henry, would say, “I can’t believe he knew that Bitcoin would give power and freedom to men to vote with their feet, but couldn’t foresee it would give women the same power with men.”

Marla would add, “He actually thought we’d all go back to traditional roles for women, stuck at home, being told by him what we like, what we want.”

I’d laugh, Henry’s arm wrapped happily around me. “Our freedom means men have to be better to be chosen by us—we have the means to flee, to thrive, to have the power to pick who is best for us.” Cheekily, I added, “Men must put in more proof of work.”

Henry hugged me tighter. “We are better men due to the motivation. Sounds like a net positive to society to me.”

Marla smiled gleefully. “Give me liberty, or give me death.”

This is a guest post by Ninja Grandma. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.



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Bitcoin Onboarding

JIPPI IS POKÉMON GO FOR BITCOIN

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Today’s modern Bitcoin exchanges have drastically improved access to Bitcoin ownership in 2024. Gone are the days of janky peer-to-peer (P2P) trade forums and questionably secure early exchanges like Mt Gox. Instead, a legion of Bitcoin on-ramps focused on superior security and user experience (UX) has made purchasing your first Bitcoin a breeze. Many of these services have even embarked on education-focused initiatives to encourage greater adoption during Bitcoin’s most recent bear market. In November 2023 Swan launched Welcome to Bitcoin, their free introductory 1 hour course about Bitcoin. In December 2023, Cash App released BREAD, a free, limited-edition magazine that uses design to tell stories and educate readers about Bitcoin in a relatable and accessible way.

What these initiatives show is that Bitcoin adoption is approaching a turning point. These two major Bitcoin exchanges, along with the industry as a whole, are discovering that easy access to a smash buy button does not guarantee purchase. Numerous barriers to entry still exist for nocoiners, which provide significant constraints to understanding Bitcoin, and thus throttle Bitcoin’s growth and adoption. As we approach a steeper incline in Bitcoin’s bell curve, throwing novices into exchange apps without sufficient education and cultivation is no longer a strategy for success.

@Vivek4real_

What once was a far simpler task of energizing early adopters and cypherpunks around Bitcoin’s clear value proposition, is evolving into a more complex and convoluted process of orange-pilling the early majority of future Bitcoin holders. This, we hope, will then lead to widespread Bitcoin mass adoption as society en masse chooses to store its time and energy in the best money ever created. For this hyperbitcoinization to occur, more people need to understand the intricacies of Bitcoin. This is easier said than done because Bitcoin still has an education problem:

  • A YouGov survey found that 98% of novices don’t understand basic Bitcoin concepts.
  • A nationwide survey from the Yale Center discovered that 69% of young people find learning boring.

This research outlines the struggle of onboarding and educating the next generation of Bitcoiners, most notably younger generations who have been shown to possess a limited attention span of 8 seconds. For inspiration to help solve this problem, we can look at one of the most popular mobile games of all time… Pokémon GO.

pokemongolive.com

Pokémon GO was and remains to be, a global phenomenon. This beloved app caught the attention of Gen-Z, millennials, and Gen-X alike, boasting record-breaking engagement stats:

We at Jippi believe that the success of this award-winning game can illuminate the path forward for Bitcoin adoption. So we have set upon the electrifying task of building Tribe Clash–the world’s first Pokémon GO-inspired Bitcoin education game. The rules are simple, create or join a Tribe and battle for dominance over a city with your friends by catching a Bitcoin-themed Beast in every Territory.

Each week Jippi will release a new Territory to be claimed. A Tribe member will explore that Territory with their phone, where they will discover a Bitcoin Beast to catch. If they successfully answer all Bitcoin quiz questions correctly the fastest, they will then catch that beast. The Tribe with the most Territories and Bitcoin Beasts at the end of the game will win $30k worth of Bitcoin to be dispersed equally to each Tribe member.

Our vision is for Jippi to become the largest, most popular platform for beginners to gather, educate, and accumulate Bitcoin. We see Jippi as the most accessible on-ramp into the industry, where we can educate a whole new generation of Bitcoiners from novices to experts by lowering the barrier to entry.

You can support the development of Tribe Clash by contributing to our crowdfunding campaign on Timestamp. Timestamp enables investors of all backgrounds to support Bitcoin-only companies and make an impact. Our campaign is open to both the general public and accredited investors, so we would love for you to join us on this journey.

This is a guest post by Oliver Porter. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.



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Art

How To Paint a Sandwich: A Solo Presentation On Memes And Digital Culture By Nardo At Bitcoin MENA

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In anticipation of a solo exhibition by artist Nardo at Bitcoin Mena, in collaboration with AOTM Gallery, I sat down with him to explore the intersections of memes, mythologies, and digital culture. Nardo’s work navigates the intriguing space between the tangible form of traditional painting and the fleeting nature of meme culture—two seemingly contrasting mediums that are evolving in tandem with Bitcoin.

The title of your exhibition, Fresh Impact, and the centerpiece painting, Sandwich Artist, both reference Subway-related memes. Notably, Subway became the first fast-food chain to accept bitcoin in 2013—a moment documented by Andrew Torba, who famously used bitcoin to buy a $5 sub in Allentown, Pennsylvania (an ironic detail, given that Torba is now CEO of the social network Gab). This early mix of Bitcoin and meme culture sparked humorous reflections on “spending generational wealth” on footlongs and highlighted themes of currency value over time, as the dollar’s purchasing power wanes while bitcoin’s grows. How does this Subway meme resonate with you, and how does it shape your approach to painting in an increasingly digital age?

I think there is something to be said about quick consumption in contemporary culture—whether it’s fast food footlong subs or internet memes. The attention span of human senses has diminished to bursts of repeated dopamine, where selecting your type of bread, meats, and toppings becomes the most exciting part of your afternoon. Then comes the tireless effort of finishing 12 inches of processed food matter. You repeat this over and over because it’s convenient, and maybe next time, you’ll excite yourself by swapping cheddar for provolone.

However, Subway has developed a systematic experience that feels eternal. Memes and internet behavior function in a similar way. The ephemeral consumption of entertaining or humorous memes acts as the dopamine hit—we share them with friends, they spread at rapid speeds, and then they often die off, leading us to move on to the next. Yet, the success of memes also lies in their systems: cultural iconography, bold fonts superimposed onto captivating imagery, hyper-sharpened visuals, deep-fried aesthetics, or low effort applications. Memes rely on visual and cultural layers—bread, meat, and toppings.

I think, as it relates to Bitcoin, we should really confront its experiential nature in the exact moment of exchange. To have purchased a footlong for $5 worth of Bitcoin in 2013, only to view it today in 2024 as ~$4,300, is both absurd and somewhat painful—but the experience is eternal. The very act of using digital internet money in exchange for physical, consumable goods feels almost alchemical.

Evolutionary biologist Richard Dawkins coined the term “memes” to describe units of cultural transmission, likening their spread to gene replication. Memes also resemble viruses in how they propagate through social networks, blurring the lines between genes and viruses as both can integrate into DNA and influence evolution. You and I have joked that memes—and memecoins—are akin to the fast food of digital culture, serving as cybernetic junk food or street drugs. Do you consider memes to be a low art form? Is the buildup of studio trash made famous by painter Francis Bacon or the outlandish waste and detritus of Dash Snow’s 2007 “hamster nest” installation somehow related? What are your thoughts on contemporary artists like Christine Wang, who replicates notable memes in her recent painting exhibition, “Cryptofire Degen,” at The Hole in New York? What happens when a digital meme becomes a physical painting? 

This all ties back to what I discussed earlier—I am interested in slowing down the process of consumption. To meticulously hand-paint a meme in oil and present it as such can be a little jarring. Similarly, considering trash as form or content, rather than something to be discarded, fascinates me.

After the user has consumed their lunch and doom-scrolled through countless memes on Twitter, what remains as the detritus of all that? The whole experience can feel like nullifying brain rot—a diminishing of structure and existence within passive chaos. Perhaps, though, that is the liminal mindset necessary to birth the most viral ideas.

My introduction to cybernetics came from Japanese animation series like Ghost in the Shell (1995-2014), which explore cyberpunk themes such as internet-connected minds, hackers, and cyber viruses, echoing Dawkins’ ideas about memes and cultural transmission. The series highlights concepts like “ghost-hacking” and “thought viruses,” which replicate across networks and influence societal behavior, aligning with Dawkins’ notion of self-replicating cultural units. Given your recent exploration of the “skibidi toilet” meme phenomenon, what insights have you gained about how this meme has propagated across social networks and shaped the collective consciousness of younger audiences?

The Ghost in the Shell connection isn’t far removed from the world as we know it now. Much like the premise of that “fiction,” our fleshy brains are nestled within a cybernetic façade of digital personas and communications. We practically live vicariously through a digitized shadow-self—a projection of what we think we could become. This aligns with why I often say, “You become what you meme.”

I am deeply intrigued by the phenomenon of American youth becoming obsessed with new memes that older generations are unable to compute, such as Skibidi Toilet. I think it is in this fracturing of sensibility that new languages are born, while old mythologies are repackaged in contemporary ways. Skibidi Toilet is the Iliad of the Internet.

Beyond Ghost in the Shell’s exploration of cybernetics, the seminal anime series Neon Genesis Evangelion intersects with the Age of Aquarius concept through its themes of interconnectedness and collective consciousness. The series delves into the merging of individual identities, echoing how “hive mind” behaviors in contemporary internet culture reflect the rapid influence of shared information and memes. In your artwork Sandwich Artist, you highlight the tension between individual artistry and the pressures of representing a faceless brand. How have you observed this shift over time, and how can artists engage with collective ideas while preserving their individuality in today’s digital culture?

The Sandwich Artist piece utilizes a well-known meme template, yet through various digital alterations—specifically the literal scribbling out of pre-existing text—it takes on the feel of graffiti and eventually becomes my own. I like this piece for how it represents an individual manifesto of my work and reflects how I think about my artistry as a whole. Sure, consistent branding and aesthetics are great for sales if done right, but I’m more interested in how my work exists within a long enough historical timeline. The hive mind desires a brand to rally behind, yet history yearns for individual artistry.

We’ve discussed the term “subway” in relation to submarine sandwiches, but it also evokes the idea of underground transportation. Japan famously studied mycelial growth patterns to optimize its subway and train systems. Similar to fungi, memes propagate and connect individuals in a vast, decentralized network, evolving as they move from one “host” to another. This fungal comparision highlights how memes adapt and spread dynamically, mirroring natural systems of growth and communication. How do you think artists can consciously navigate this memetic landscape of propagation, host vessels, and network dynamics?

The lifespan of most internet memes moves so rapidly that it’s difficult to grasp them before they vanish into a shallow grave. Among the few that manage to take hold of the collective consciousness, I find it fascinating to analyze how they connect to humanity’s past on a metaphysical level. Trends and symbols have remained consistent throughout human history; they simply resurface in different forms as time passes.

Efficient memes rely on efficient systems for delivering information. As artists, we should remain conscious of history and metaphysical symbolism, as this awareness can help us uncover our own primordial self through the mirror of memes.

 



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Bitcoin Core

The Consensus Conundrum

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A lot of consensus-change proposals for bitcoin are on the table at the moment. All of them have good motivations, whether it’s scaling UTXO ownership or making self-custody more tractable. I won’t rehash them here, you’re probably already familiar. Some have been actively developed for years.

The past two such changes that have been made to bitcoin successfully, Segwit and Taproot, were massive engine-lift-style deployments fraught with drama. There have been smaller changes in bitcoin’s past, like the introduction of locktimes, but for some reason the last two have been kitchen sink affairs.

The reality not often talked about by many bitcoin engineers is that up until Taproot, bitcoin’s consensus development was more or less operating under a benevolent dictatorship model. Project leadership went from Satoshi to Gavin to… well, I’ll stop naming names.

Core developers will likely quibble with this characterization, but we all know deep down that to a first order approximation that it’s basically true. The “final say” and big ideas were implicitly signed off on by one guy, or maybe a small oligarchy of wizened autists.

In many ways there’s really nothing wrong with this – most (all?) major open source projects operate similarly with pretty clear leadership structures. Oftentimes they have benevolent dictators who just “make the call” in times of high-dimensional ambiguity. Everyone knows Guido and Linus and the based Christian sqlite guy.

Bitcoin is aesthetically loath to this but the reality, whether we like it or not, is that this is how it worked up until about 2021.

Given that, there are three factors that create the CONSENSUS CONUNDRUM facing bitcoin right now:

(1) The old benevolent dictators (or high-caste oligarchy) have abdicated their power, leaving a vacuum that shifts the project from “conventional mode of operation” to “novel, never-before-tried” mode: an attempt at some kind of supposedly meritocratic leaderlessness.

This change is coupled with the fact that

(2) the possible design space for improvements and things to care about in bitcoin is wide open at this point. Do you want vaults? Or more L2s? What about rollups? Or how about a generic computational tool like CAT? Or should we bundle the generic things with applications (CTV + VAULT) to make sure they really work?

The problem is that all of these are valid opinions. They all have merit, both in terms of what to focus on and how to get to the end goal. There really isn’t a clear “correct” design pattern.

(3) A final factor that makes this situation poisonous is that faithfully pursuing, fleshing out, building, “doing the work” of presenting a proposal IS REALLY REALLY TIME CONSUMPTIVE AND MIND MELTING.

Getting the demos, specs, implementation, and “marketing” material together is a long grind that takes years of experience with Core to even approach.

I was well paid to do this fulltime for years, and the process left me disgusted with the dysfunction and having very little desire to continue contributing. I think this is a common feeling.

A related myth is that businesses will do something analogous to aid the process. The idea that businesses will build on prospective forks is pretty laughable. Most bitcoin companies have a ton on their backlog, are fighting for survival, and have basically no one dedicated to R&D. The have a hard enough time integrating features that actually make it in.

Many of the ones who do have the budget for R&D are shitcoin factories that don’t care about bitcoin-specific upgrades.

I’ve worked for some of the rare companies that care about bitcoin and do have the money for this kind of R&D, and even then the resources are not sufficient to build a serious product demo on top of 1 of N speculative softforks that may never happen.

This kind of situation is why human systems evolve leadership hierarchies. In general, to progress in a situation like this someone needs to be in a position to say “alright, after due consideration we’re doing X.”

Of course what makes this seem intractable is that the Bitcoin mythology dictates (rightly) that clear leadership hierarchies are how you wind up, in the limit, with the Fed.

Sure, bitcoin can just never change again in any meaningful way (“ossify”). But at this point that almost certainly resigns it to yet another financial product that can only be accessed with the benefit of a large institution.

If you grant that bitcoin should probably keep tightening its rules for more and better functionality, but that we should go “slow and steady,” I think there are issues with that too.

Because another factor that isn’t talked about is that as bitcoin rises in price, and as nation-states start buying in size, the rules will be harder to change. So inaction — not deciding — is actually a very consequential decision.

I do not know how this resolves.

There’s another uncomfortable subject I want to touch on: where the power actually lies.

The current mechanism for changing bitcoin hinges on what Core developers will merge. This of course isn’t official policy, but it’s the unintended reality.

Other less technically savvy actors (like miners and exchanges) have to pick some indicator to pay attention to that tells them what changes are safe and when they are coming. They have little ability or interest to size these things up for themselves, or do the development necessary to figure them out.

My Core colleagues will bristle at this characterization. They’ll say “we’re just janitors! we just merge what has consensus!” And they’re not being disingenuous in saying that. But they’re also not acknowledging that historically, that is how consensus changes have operated.

This is something that everyone knows semi-consciously but doesn’t really want to own.

Core devs saying “yes” and clicking merge has been a necessary precursor every time. And right now none of the Core devs are paying attention to the soft fork conversations – sort of understandable, there’s a bunch to do in bitcoin.

But let’s be honest here, a lot of the work happening in Core has been sort of secondary to bitcoin’s realization.

Mempool work is interesting, but the whole model is more or less upside down anyway because it’s based on altruism. For-profit darkpools and accelerators seem inevitable to me, although that could be argued. Much of the mempool work is rooted in support for Lightning, which is pretty obviously not going to solve the scaling problem.

Sure, encrypted P2P connections are great, but what’s even the point if we can’t get on-chain ownership to a level beyond essentially requiring the use of an exchange, ecash mint, sidechain, or some other trusted third party?

My main complaint is that Core has developed an ivory tower mindset that more or less sneers at people piatching long-run consensus stuff instead of trying to actually engage with the hard problems.

And that could have bitcoin fall short of its potential.

I don’t know what the solution to any of this is. I do know that self-custody is totally nervewracking and basically out of the question for casual users, and I do know that bitcoin in its current form will not scale to twice-monthly volume for even 10% of the US, let alone most of the world.

The people who don’t acknowledge this, and who want to spend critical time and energy wallowing in the mire of proposing the perfect remix of CTV, are making a fateful choice.

Most of the longstanding, fully specified fork proposals active today are totally fine, and conceptually they’d be great additions to bitcoin.

Hell, probably a higher block size is safe given features like compactblocks and assumeutxo and eventually utreexo. But that’s another post for another day.

I’ve gone back and forth about writing a post like this, because I don’t have any concrete prescriptions or recommendations. I guess I can only hope that bringing up these uncomfortable observations is some distant precursor to making progress on scaling self-custody.

All of these opinions have probably been expressed by @JeremyRubin years ago in his blog. I’m just tired of biting my tongue.

Thanks to @rot13maxi and @MsHodl for feedback on drafts of this.

This is a guest post by James O’Beirne. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.



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