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I also remember when Saylor was in favor of hardening the rules of Bitcoin, “make one thing right”, but now BIP110 seems like a threat
I think he could argue that his stance hasn't changed given the bip 110 stance since 1) bip 110 is a consensus change 2) it is temporary 3) the low threshold for activation setting a lower president for future changes
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Vince 1 month ago
Do you really think Bitcoin would just carry on and not attract Wall Street money? It doesn’t matter if you like it or not but it’s how the protocol will grow.
Nah, I think Saylor is just being disingenuous. He just needs retail to buy his stock, because otherwise his house of cards falls. If he wanted Bitcoin to be “digital capital”, “the apex collateral” or whatever metaphor or hyperbole he wants to use, then having bitcoin‘s code allowing file storage, should be something he’d be against.
AFAIK Saylor never talked about Bitcoin as money. He always did it as asset. That made sense for him, because he was “backing” his stock with BTC the asset and needed many to follow that narrative. Until he started issuing credit to buy more bitcoin. Then he stopped talking about bitcoin the asset, and started talking about bitcoin as digital capital. Either way, for him the important thing is that he controls others’ bitcoin. In other words, he wants to centralize as much of it to become a sort of bank, or even a central bank (of the “crypto economy”) BIP 110 represents again a grassroots movement that encourages people to enforce their own rules in the mempool, to run their own nodes, to reject the type of transactions that harm long-term decentralization of bitcoin. In other words, to be self-sovereign. This self-sovereignty is of no use to Saylor, so he opposes it. That’s my pleb’s take.
I learned about Bitcoin being money from Saylor. So he absolutely did talk about it as money. Then, nothing else that you said about Saylor wanting to do with Bitcoin infringes on your ability to be self sovereign. I don't assume that BIP110 is a grass roots movement though I am sympathetic to the reasons it exists. I'm just don't think it's a good solution and don't think it sets a good precedent for activation for future BIPs. Nor do I like the idea of temporary "solutions" That's my take, all good if you disagree. I don't expect to change your mind.
I didn’t say I fully agree with BIP 110. I also don’t like temporary solutions But IMO it’s a signal and a step in the right direction. Or at least a better direction than the one Core proposes.
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Pleb 1 month ago
He clearly never believed it to be money. Actions speak much louder than words.
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Pleb 1 month ago
There never needs to be any threshold for activation for a uasf. You could make your own soft fork tomorrow and as long as you are running the code it activates. It probably won't go anywhere with you being the only person running it, but it is a disingenuous argument to say something along the lines of a "lower precedent for future changes."
I don't find it disingenuous. If you wanted to call it naive, fine, but of you're making the argument that defaults are important (the beginning argument that lead to bip110), then I think you'd also have to argue that precidents are important for protocol changes. It's a straw man argument to say that I could just go uasf by myself tomorrow
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Pleb 1 month ago
Did you not see his stupid smoking in the oil field ai ad? The ad literally days strc turns btc into money. Not sure how its a wild take to Saylor doesn't understand money. You should study Austrian economics.
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Pleb 1 month ago
It's not a straw man. You literally could. Anyone could. That is what a UASF is.
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Pleb 1 month ago
I am calm, but this is deadly serious. Bitcoin is the closest to sound money we have. It is one of the only tools in your average Joe's toolbox to fight back against the government's that make us vax, censor us, seek to control us, etc. Do me a favor. Pick a "bitcoin" company. Go to their website and look up their investors, seed funders, etc. Go to Edgar and look up each of those investors. Look at the other companies they invest in. You'll quickly realize that all these "based bitcoin" companies are part of the same interconnected web of investors. You'll begin to see a pattern. Then look at what the people and influencers at your favorite "bitcoin" company are saying about BIP-110. It becomes really black and white.
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Pleb 1 month ago
We are. The thing is, just like BIP 148, and intolerant minority can make changes. Thats a feature not a bug.
Do you form your opinions based on what other people say or your own research because you're making your point about this based off of who's side I should be on.