Just happened to be re-reading Gigi (npub1der…xzpc) article “The Words We Use in Bitcoin” and I highly recommend the whole article to everyone…
“Anyone is and always was free to change the code of Bitcoin. Bitcoin’s free and open-source nature is why we have thousands of forks and clones in the first place, including forks that implement what the #ChangeTheCode campaigners are proposing.”
“While this whole campaign to “change the code” shouldn’t be taken seriously in the first place, the tactics behind it shed some light on the attacker’s motivation and on what is yet to come. #ChangeTheCode was funded by Chris Larsen, founder of Ripple, the company that created the shitcoin that is XRP. These kinds of shitcoins can’t compete with Bitcoin on merit because they are permissioned, centralized, and have no reliable monetary policy, among other things. Consequently, they have to resort to smear campaigns and hiring reputational hitmen.”
"Bitcoin, however, is neither slow nor wasteful. Proof-of-work is insanely efficient if your goal is to create a monetary system that is free from politics and secured in a public and transparent manner. If you do not value such a system, it will always seem wasteful.”
https://dergigi.com/2022/06/27/the-words-we-use-in-bitcoin/
MountainYoda / Mountain Yoda
npub18f…h79qx
2024-03-25 11:43:11
in reply to nevent1q…q6wp
Author Public Key
npub18fpjhsxtsl4yusarwwp9gq4q36etkfugl4p4hp0zfz8mjm4twlkqmh79qxPublished at
2024-03-25 11:43:11Event JSON
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"content": "Just happened to be re-reading nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc article “The Words We Use in Bitcoin” and I highly recommend the whole article to everyone…\n\n“Anyone is and always was free to change the code of Bitcoin. Bitcoin’s free and open-source nature is why we have thousands of forks and clones in the first place, including forks that implement what the #ChangeTheCode campaigners are proposing.” \n\n“While this whole campaign to “change the code” shouldn’t be taken seriously in the first place, the tactics behind it shed some light on the attacker’s motivation and on what is yet to come. #ChangeTheCode was funded by Chris Larsen, founder of Ripple, the company that created the shitcoin that is XRP. These kinds of shitcoins can’t compete with Bitcoin on merit because they are permissioned, centralized, and have no reliable monetary policy, among other things. Consequently, they have to resort to smear campaigns and hiring reputational hitmen.”\n\n\"Bitcoin, however, is neither slow nor wasteful. Proof-of-work is insanely efficient if your goal is to create a monetary system that is free from politics and secured in a public and transparent manner. If you do not value such a system, it will always seem wasteful.”\n\nhttps://dergigi.com/2022/06/27/the-words-we-use-in-bitcoin/",
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