Nic's Unpopular BTC Opinions @[email protected]

'Bitcoiners are hypocrites because they embraced some law' is a knuckle-dragging take. Everyone is hypocritical in some way. No one is internally consistent

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

Bitcoin has a definite culture, but the folks protesting Bitcoin's culture present a caricature of it.

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

Economic nodes are not made equal. Nodes connected to exchanges do have more political weight. However threats to partition the network are compelling and only a minority of users need to threaten for it to work.

BCH and BSV have claims to being Bitcoin, as do Litecoin and Dogecoin and every other derivative of Bitcoin. None of them have good claims though

Bitcoinism is totally distinct from the cypherpunk, libertarian, Austrian, or anarchist movements. It is a philosophical movement in its own right

Inflation is manifested in Bitcoin through the creation of competing projects. Forks genuinely do confound newcomers and (at least temporarily) redirect attention and value

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)

It is appropriate to question Bitcoin's long term sustainability.

Satoshi's intentions DO matter. But they aren't binding.

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)

Lightning has a reasonable chance of not working. I think that's fine

'Bitcoiners are hypocrites because they embraced some law' is a knuckle-dragging take. Everyone is hypocritical in some way. No one is internally consistent

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

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 developers are not unimpeachable. They have no special purchase on traits like the economics of bitcoin, and their proximity to the code might actually impair their ability to take a 10,000 foot view of the system

Bitcoin's institutionalization is largely at odds with the success of Bitcoin as black market money

Bitcoinism is totally distinct from the cypherpunk, libertarian, Austrian, or anarchist movements. It is a philosophical movement in its own right

Bitcoin isn't guaranteed to pump in a global recession. It will probably sell off