GN #Nostr

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$15 million for open-source security work is welcome. The word “consortium” is where scrutiny begins. Bitcoin does not need institutional permission. Its developers deserve institutional funding. Nine major firms have pledged $15 million over three years to support Bitcoin developers and security research. Each firm will choose where its money goes, while the new consortium says it will neither direct Bitcoin’s development nor support specific protocol changes. Good. Now publish the receipts. Because funding does more than pay salaries. It determines which problems receive attention, which researchers gain runway and which solutions acquire institutional legitimacy. That is influence, even without formal authority. Bitcoin’s rules remain with the network. The research agenda must not quietly migrate toward the institutions financing it. Disclose every commitment, recipient, conflict and result. Fund competing approaches. Separate new capital from existing promises. Institutions may finance Bitcoin’s defence. They do not inherit a vote. @Michael Saylor @Blockstream

Bitcoin is not a cure for human weakness. It is a limit on how far that weakness can be monetised.

Not a meme.

The US empire has let go of its values. GM

Fiat numbs the pain. Bitcoin removes the disease.

The universe is too vast, and life is too short to let fiat steal our time and values. Making the most out of it. GM.

Tonight: my first attempt at a Bitcoin Core PR.

BIP-110 is right about Bitcoin’s purpose. Core is right about Bitcoin’s mechanics. Ethos matters. Physics settles.