From: Matt Corallo Date: Sat, 11 May 2024 20:29:31 +0000 (+0000) Subject: Drop link to reardencode's post since people thought it was a main point X-Git-Url: http://git.bitcoin.ninja/index.cgi?a=commitdiff_plain;h=5a4e7818a209c56202461ddde1f9a079f6461ddf;p=blog Drop link to reardencode's post since people thought it was a main point --- diff --git a/_posts/2024-05-11-bitcoins-precarious-position.md b/_posts/2024-05-11-bitcoins-precarious-position.md index 8134eae..e8a01c5 100644 --- a/_posts/2024-05-11-bitcoins-precarious-position.md +++ b/_posts/2024-05-11-bitcoins-precarious-position.md @@ -19,7 +19,7 @@ While there may have been a chance at clarifying (US) regulations that an untrus Worse, with mining (pools) as centralized as ever and relatively little desire to change from most miners, every layer of bitcoin is centralized and ripe for regulatory capture. While Sv2 or p2pool revival has a chance at improving this, the push for increased expressiveness on bitcoin and the [MEVil](/2024/04/16/stop-calling-it-mev) that may come along with it may all but close the door to decentralized mining. -With where bitcoin is today its hard not to see a bleak vision of the future. Building a system that enables trustless global transacting was always going to be an uphill battle, but I always anticipated most bitcoiners would remain focused on this goal. Instead, today, the bitcoin community is focused on petty squabbles and [increasingly headed for yet another civil war](https://twitter.com/reardencode/status/1789288446420521289). +With where bitcoin is today its hard not to see a bleak vision of the future. Building a system that enables trustless global transacting was always going to be an uphill battle, but I always anticipated most bitcoiners would remain focused on this goal. Instead, today, the bitcoin community is focused on petty squabbles and infighting. Sadly I don't have any great solutions here. If bitcoiners want to preserve what we've built and fight for it the focus needs to be on drastic improvements to default wallet privacy across the ecosystem, aggressive investment in regulatory change (and not through lobbyists focused on securities regulation for crypto token issuance), and operation of scalability solutions across the world, not just in the US. Sadly, all of these areas are horribly underinvested in, and invested in at only a tiny fraction of the amount of energy that has gone into other areas of bitcoin.