I know it’s popular to be all-in on moral panic these days, but I think Bitcoin is in a good technical place right now. I’m bullish.
I think Core devs are doing good work. And I’m glad that people can run Knots or otherwise fork if they don’t like Core. That’s part of what makes Bitcoin robust, and gives useful market/adoption signals.
Mining pool centralization isn’t great, but there are plenty of optional tools to use more if it interferes more with the network, and economic signals (eg the possibility of high fees for censored transactions) exist for precisely that context, to help it get unstuck if it gets stuck.
I think current functionality is great, but I also think CTV+CSFS is a sensible upgrade on top of that if folks end up coalescing around it.
Sometimes the sun is out. ☀️
t any non-developer inherently must delegate to some technical authority they trust, and Core winds up (for most sane people) being the target of that delegation.
This is a tremendous amount of sticky power. To not acknowledge that is naive.
Yes, in theory a large part of the ecosystem could decide to run an alternate implementation - but the switching/coordination/incidental-risk costs there are huge. It would take a 5-10x reward:risk proposition for most businesses to switch.
And meanwhile, the Core line is so often "well running another implementation would be dangerous! think of the possible consensus incompatibilities!" Convenient.
This single chokepoint is going to be a big problem for bitcoin, even if the filters issue isn't per se an epitome of it."
