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2026-08-11 09:04:17 UTC

Azz on Nostr: This is a must read. Bitcoin was always going to turn into a power struggle between ...

This is a must read. Bitcoin was always going to turn into a power struggle between nation states, but this power is very centralised. At least for now, bitcoin requires work for the new coins, so thee is no free ride. But what's the end goal. If it is to kill bitcoin it wont work because the idea remains a latent threat. Bitcoin losing dominance will only open up a path for other cryptocurrency to fill its place. The goal must be to control bitcoin and ensure its dominance while limiting its p2p capacity and ensure it remains transparent. Once the mining reward diminishes, mining can be subsidised by bankingbrevinue to ensure a control of hash power. This outlines how important altcoins are for bitcoins survival as p2p electronic cash. Knots shouldn't have forked to prevent spam, it should have thrown the gauntlet and introduced shielded transactions as mandatory and a small tail emission to ensure proof of work remains a profitable incentive to compete for hash power.
This is still the most alpha you can get.

If you are a free thinker, this is what stimulates your neurons to focus more on what youbcan control. What needs to be left alone.

BIP110 is a revelation for some of you that still had their eyes clouded. Take this as new information. It helps you make better decisions in the future.

I do believe that Bitcoin is not the sharp tool anymore. I do believe that Monero now plays a similar role as Bitcoin in 2010. It will help us advance, but do not marry the concept. Identity attachement is an attack and every spiritual traditions warns you about it.

Ideally (if you have the skills) take Monero's ideas and replace it with something better. That's how we gain ground.