There are only 2 ways to scale Bitcoin: you either upgrade it, or else create monetary inflation through useful forks that serve a designated use case.
Essentially, the entire crypto market is Bitcoin’s experimentation layer & consists of stuff that could have been built on Bitcoin.
In a perfect world, there would be no “privacy coins” & no blockchain analysis industry: Satoshi wanted privacy, Hal Finney famously tweeted about trying to make Bitcoin more private. But somewhere down the line the “Bitcoin is transparent” narrative prevailed because it makes more people trust the system.
It doesn’t have to remain so. Bitcoin without confidentiality is a panopticon and every authoritarian’s wet dream. Time to get better!
Vlad / Vlad, Bitcoin Takeover Podcast
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2024-08-02 02:36:17
Author Public Key
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2024-08-02 02:36:17Event JSON
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"content": "There are only 2 ways to scale Bitcoin: you either upgrade it, or else create monetary inflation through useful forks that serve a designated use case. \n\nEssentially, the entire crypto market is Bitcoin’s experimentation layer \u0026 consists of stuff that could have been built on Bitcoin. \n\nIn a perfect world, there would be no “privacy coins” \u0026 no blockchain analysis industry: Satoshi wanted privacy, Hal Finney famously tweeted about trying to make Bitcoin more private. But somewhere down the line the “Bitcoin is transparent” narrative prevailed because it makes more people trust the system. \n\nIt doesn’t have to remain so. Bitcoin without confidentiality is a panopticon and every authoritarian’s wet dream. Time to get better!",
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