1/ Bitcoin development suffers from the "free-rider problem".
A bunch of people got really upset with @naval for pointing this out recently. I think he's articulating a reasonable characterization of a problem we collectively face in accelerating future Bitcoin development.
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@naval, what if Satoshi’s hoard was used as a way to invent future development? Bug bounties, new features, research projects... I share your concern for the tragedy of the commons, especially 30-50 years from now when most Core devs retire.@ChristopherA has written about this. -
You have three options: 1- Code 2- Pay money to coders 3- Accept the status quo and stop concern trolling
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The problem is that for most people, it’s better for them to buy more bitcoin than to pay money to coders.
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My ire is not directed at "most people", it's directed at people who meet all of the following criteria: 1. Already own plenty of bitcoins 2. Have the connections to find out what needs to get funded 3. Have the means 4. Do not provide funding 5. Concern troll on twitter
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One area I’m working on to support
#BlockchainCommons is to ask (or get customers to demand) that qualified custodians to demonstrate support for internet & blockchain infrastructure. If 10+ basis points are for fiduciary protection, 1 basis can be for infrastructure. - 2টি আরও উত্তর
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There might be ways to incent devs to stay by making features have its own network effects inside the larger chain by incentivizing it through similar token mechanics (perhaps a curved bond). https://medium.com/@simondlr/burning-bridges-to-greener-grass-incentivizing-tokenized-forking-393c69dfecab …. There will still be friction, but less than a whole new chain.
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In other words: being early & supporting a new feature (eg ETH_PLASMA) earns you more of the underlying token (eg ETH). Add a similar market for features inside big chains.
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Yes I understand. You have no animosity from me, only admiration.
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i still think ur missing the point(& looking for the exit). the mission of sound money is the incentive to stay. to suggest silly shitcoin projects illicit a smidge of professional dilemma for
@bitcoincoreorg contributors, is an insult. its fucking laughable. best to you, sir.ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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This is being built as we speak on Lightning. The ability to do business *directly* with the bitcoin blockchain in ways other than mining are possible and will bring profoundly new financial instruments to open p2p nets. I haven’t been this excited since the early days of BTC.
ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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Naval, wouldn’t the incentive to stay on Bitcoin development become larger as most of the other alts are revealed to be the dead coins that they are? Money is a winner take all network (or most). We’re still in the exploration process.
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I reread the bitcoin whitepaper last night and satoshi made a explicit analogy of bitcoin to gold. So if bitcoin is gold. There is definitely a market for tokens to exist on the blockchain structure to trade pairs against.
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It’s gold, but better. It’s got none of the physical portability restrictions of gold. So why do we need trading pairs?
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Each entity wants to use their own reward points architecture to create a sense of community for their people. All humans want to belong so there is nothing wrong with being creative with this form of technology.
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I believe in many decentralized networks, each with their own native asset (token) incentivizing development and participation. But “money” is a special use case and bitcoin is probably going to be it.
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I agree bro. The system works inefficiently to produce effective storage of value. But people are explorers and we will explore to our hearts desire. I enjoy the world as a stage
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লোড হতে বেশ কিছুক্ষণ সময় নিচ্ছে।
টুইটার তার ক্ষমতার বাইরে চলে গেছে বা কোনো সাময়িক সমস্যার সম্মুখীন হয়েছে আবার চেষ্টা করুন বা আরও তথ্যের জন্য টুইটারের স্থিতি দেখুন।