Samson, last fall you told two podcasts (clips attached) that Core had
- "a lot of structural problems with the organization itself"
- developers with "ulterior motives" doing "conflicted" things
- a "laundry list": "backstabbing, internal politics, brigading, canceling people."
You also said: "you'll get it eventually. I think it'll come to light."
You knew about the issues, but waited for someone else to do the work.
I did the work documenting this. Three articles (so far). IRS filings, SEC exhibits, PRs, IRC logs, archives, right of reply.
The very structural and governance-related problems, documented line by line. My articles assert none of the motives you asserted. You went further on those podcasts than my articles ever go.
And now that this all has come to light, meticulously sourced and documented, your response is: "some individuals doing questionable things," a little "cliques and groupthink", and a retweet of Adam calling the process "uniquely robust to special interest lobbies."
This is the exact opposite of your own diagnosis on those podcasts.
It's very strange to describe and predict that serious and very problematic dirty laundry will air, then call it a non-issue and join Adam's handwaving and misdirection when someone airs it.
Bitcoin has operated under the rules proposed by BIP-110 for 14 years. Don’t let anyone try to convince you that it’s a new change. This is reverting back to how things used to be, before a few Bitcoin Core “devs” rammed through some iatrogenic changes.
Bitcoin has operated under the rules proposed by BIP-110 for 14 years. Don’t let anyone try to convince you that it’s a new change. This is reverting back to how things used to be, before a few Bitcoin Core “devs” rammed through some iatrogenic changes.
As the BIP-110 movement gathers strength over the coming 23 days, these FUD attacks are going to intensify as opponents and fence-sitters start to buckle under the pressure. This means we are over the target.
Facts to get comfortable with for the next month:
1. Is BIP-110 going to have a positive effect at reducing *institutionalized* usage of Bitcoin as a data storage platform?
Yes
2. Is that the reason many people support it?
Yes
3. Is that the primary motivation for BIP-110?
No
4. What is the primary motivation?
Disabling methods of data storage specifically opened or cited as "already possible" with Core v30
5. Can spammers find ways to spam Bitcoin that BIP-110 does nothing about?
Yes
6. Is spam better fought at the policy level with sensible defaults in the reference implementation of Bitcoin?
Yes
7. Are consensus changes like BIP-110 ever going to be a good substitute for that?
No
8. Can we ever stop spam completely?
No
9. Can we ever give up trying to reduce it?
No
@saylor Dangerous precedent of what, network participants engaging in a consensus battle of ideals and code through the rules set by Satoshi himself?
Before Wallstreet entered Bitcoin, we used to call this cyber hornets and Bitcoin's immune system at work.
@saylor BIP-110 didn’t come out of nowhere.
It is a direct response to the overreach of Core v30. Had it not been for Core v30, BIP-110 would not be needed.
If the sweep to $57.7K was the bottom, then buying bitcoin at $63K is similar to buying $17K in 2022.
If bitcoin CRASHES to $48K, which is likely the worst-case scenario, then $63K is similar to buying at $20K in 2022.
Stack sats and chill 🤙