|
|
|
|
|
by byset
1928 days ago
|
|
I hear this idea a lot, that Bitcoin is obviously flawed design that would be done differently if we could do it over again, so either it's the myspace of crypto and something better will supersede it, or it's the QWERTY keyboard (or maybe MS Windows 3.0) of crypto — locked in as a standard due to network effect but it's a sad thing because it's basically a garbage design that we're all stuck with now. But it's always kind of vague what is fundamentally different about this imaginary, perfected version of bitcoin. Is it the block size, i.e. Bitcoin Cash is really the ideal bitcoin? Seems highly debatable, but anyhow, the block size is a debate about tradeoffs between centralization and throughput rather than an obviously embarrassing decision. Or is it more about the issuance schedule and supply cap? Generally, if the current bitcoin is an embarrassing beta version that we're stuck with due to network effect, what does the better bitcoin look like? Does it exist already? That seems like a more interesting conversation than a meta-discussion about why we're stuck with this "dumb beta version" or why bitcoin maximalists are so mean. |
|