weev on Nostr: > Core developers have become timid, self-interested, lazy, and corrupt. Miners have ...

> Core developers have become timid, self-interested, lazy, and corrupt. Miners have abdicated their duty, to maximize their revenues (and the utility of the coin). Bitcoin culture has many entrenched errors, and is probably unfixable at this point.

YES

> But – more importantly – Bitcoin does NOT have any tech problems. It does NOT have any technical limitations. The existing software stack is already sufficient to achieve unlimited scale, privacy, programmability, interoperability, extensibility, ossification, etc.

YES, Bitcoin is good! YES!

> But, what Bitcoin DOES have is cultural problems – also known as the derangements. That is why we need a new project. It has nothing to do with technology.

Yes. Knots was what completely blackpilled me on Bitcoin more than any other event. Not that I supported Luke, but that the community chose someone who was *even more dysfunctional than Core* as their one moment to stand for something, largely, as far as I can tell, because he tweeted things they like. That indicates such a deranged mentality, susceptible to influence and emotional manipulation, that I truly in my heart gave up on Bitcoin’s future. Both my political views and desires for Bitcoin to be a money are very similar to Luke’s stated position, but he’s an incompetent kook.

This essay speaks deeply to many of the concerns of my heart. Drivechains, yes, I love them. zk-Snarks L2, well, it isn’t the right solution (we’ve seen that optional privacy is not actually privacy at all, and trivial to autocorrelate). But it shows that they are thinking about the problems that people who try to use Bitcoin as money have experienced. And Core is not doing that at all. They are only looking to rent seek from venture capitalists based on Bitcoin’s name and history, as far as I can tell. They do not care what people who actually use Bitcoin need. In this way, Bitcoin has become like “The Producers” — why make Satoshi’s vision of a financial system a success when a string of heavily funded failures is so much more profitable for them?

This essay is a white pill for me, and makes me less upset that I am still holding Bitcoin. Because at least someone in Bitcoin is still thinking about doing something interesting, something that makes Satoshi’s vision of a financial system outside the control of the state possible.