Nic's Unpopular BTC Opinions @[email protected]

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

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

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's growth may not suppress its volatility. Plenty of valuable things are volatile. Its supply inelasticity effectively ensures that it is always will have some volatility

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)

The chief value of bitcoin is not in hashpower, the community, or the software, but as a fairly and widely dispersed UTXO set

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

Bitcoin is critically centralized in some key ways, other coins are more centralized, but Bitcoin still has obvious pressure points

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

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

The chief value of bitcoin is not in hashpower, the community, or the software, but as a fairly and widely dispersed UTXO set

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

Bitcoin could ossify today and that would be fine. Its mandate should be to gain usage, credibility, and trust, not to incorporate cryptographic esoterica

Bitcoin has governance! Governance just means 'a mode through which power is distributed and changes occur.' Bitcoin changes, so it has governance. It's just hard to directly perceive

All of Bitcoin's core features can and will eventually malleate. The challenge is retaining its _soul_ while doing so

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

You do not need to hold Bitcoin to be a Bitcoiner.

Bitcoiners should be preparing themselves for full Bitcoin criminalization. This won't be an easy road

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

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