Nic's Unpopular BTC Opinions @[email protected]

Bitcoin's stewards may absolutely be optimizing for the wrong things.

Some early Bitcoiners got into Bitcoin for perverse or self serving reasons or because they completely misunderstood the protocol. Being early should confer no automatic credibility

Nocoiners are right to fear and despise Bitcoin. It is a threat to their way of life

Attempting to impose behavior codes on Bitcoiners is a veiled attempt to gain control over Bitcoin. If speech or behavior codes are ever instituted, Bitcoin will have been captured.

Satoshi was flawed in many ways and failed to anticipate the eventual development of the protocol. This is fine. Satoshi was not infallible and fetishizing his/her vision is a doomed prospect

There is no obvious way to determine which chain has the truest claim to being the original. There was no predefined dispute recognition solution. The best we can hope for is convergence on a single chain (this is basically the case today)

Regardless of outcome, Bitcoin permanently altered the world's monetary landscape. No one can dispute that

The next high-profile negative mention of Bitcoin in the press (i.e. 'ISIS uses Bitcoin!!!') is very likely to be a false flag. The default assumption should be false flag

Bitcoin will never be universally adopted because late adopters will always resent enriching early adopters. This is a problem for every cryptocurrency.

Bitcoin isn't a panacea for the world's evils. It's just one tool. Monetary policy is not the root of all evil, it's just very prone to mismanagement

Bitcoin will never be universally adopted because late adopters will always resent enriching early adopters. This is a problem for every cryptocurrency.

Regardless of outcome, Bitcoin permanently altered the world's monetary landscape. No one can dispute that

The role of a Bitcoin evangelist should be to manage expectations, not to inflate them

There is absolutely no inconsistency in being pro securities regulation and being pro bitcoin. Being pro bitcoin does not require a blanket rejection of government or law

Some early Bitcoiners got into Bitcoin for perverse or self serving reasons or because they completely misunderstood the protocol. Being early should confer no automatic credibility

Bitcoin may well be environmentally costly, but it is absolutely worth it, even if it cost 10x more. Because Bitcoin disempowers debt-financed consumerism which the ultimate environmental scourge

Bitcoin will never be cuddly and fully regulated. It will be used by terrible people. Bitcoiners need to be ok with that

The more unilateral discretion developers have in the system design, the more scope for lobbying and capture. Being extremely resistant to change is a great feature

Applications like Opentimestamps are both an incredible application of Bitcoin and also an oblique threat to its security model. Embedding high-value arbitrary data in Bitcoin increases the incentive to attack it and makes it more vulnerable

Bitcoin may well be environmentally costly, but it is absolutely worth it, even if it cost 10x more. Because Bitcoin disempowers debt-financed consumerism which the ultimate environmental scourge