The codebase is understood by less than ~200 people and controlled by five. As of the present moment in time, 3 work for same employer.
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Replying to @patio11
The crisis du hour in Bitcoin is whether to have "big blocks" or "small blocks." Small blocks make Bitcoin's sharply limited TPS valuable.
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Replying to @patio11
TPS has been a red herring for most of Bitcoin's existence: miners have always theoretically sold transaction processing but were actually
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Replying to @patio11
99%+ compensated by the block reward, which is Bitcoin seigniorage. This is the most important decision ever made for Bitcoin.
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Replying to @patio11
The block reward created a widely distributed self-organizing incentive compatible boiler room. It is Satoshi's towering genius achievement.
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Replying to @patio11
But the ship has sailed on getting in on mining: entry stakes are now $10 million plus. Comparable difficulty to building a data center.
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Replying to @patio11
Miners: "So what do we sell people if we don't sell them tokens?" Answer: we freeze BTC's transactions per second (TPS) low and auction it.
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Replying to @patio11
"Wait Bitcoin is fast free trans processing. That's the point, right?" Both of those claims have always been lies. Boiler room liked them.
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Replying to @patio11
Bitcoin community now has a bit of a standoff going on between various stakeholders. It will end badly.
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Replying to @patio11
In the first corner, we have the "economic majority", which is what the boiler room calls VC-funded startups theoretically building on BTC.
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The economic majority provides a supermajority of the community's total access to hard US currency and development work in related tech.
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Replying to @patio11
In the second corner we have BTC miners, who are theoretically globally distributed peers; actually a cartel that fits around a dinner table
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Replying to @patio11
In the third corner and fourth corners we have Bitcoin Core. Why is it divided against itself? Well, part of it runs a company that can
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