I simply sat down and watched this debate between Jimmy Track and Jameson Lopp on Bitcoin ossification. I don’t even know the place to begin so far as the absurdity and damaged “logic” in each argument Jimmy made on this debate. So I received’t attempt, I’ll deal with one particular line of argumentation he made.
“Cash shouldn’t change, it needs to be predictable.”
He particularly spoke alongside these traces with regard to “letting issues mature” on this area from a technical standpoint, and implicitly stating that upgrades to Bitcoin “pulls the rug out from underneath” current builders constructing issues.
Does Jimmy not perceive how Bitcoin upgrades work? We now have been utilizing softforks for over a decade particularly to deal with the priority of backwards compatibility. i.e. having the ability to say with 100% certainty that every part that has been constructed up to now will proceed functioning in precisely the identical approach. All upgrades to Bitcoin are opt-in, every part that existed prior will work simply fantastic and nothing must be modified to assist new performance if a developer or consumer doesn’t wish to.
There may be zero technical foundation to Jimmy’s statements or arguments alongside these traces in any way. New performance enabling the development of latest protocols or instruments does nothing in any way to inhibit the continued functioning of pre-existing methods.
So what’s he saying? To me it basically feels like an argument for financial protectionism. There may be zero menace, threat, or downside created for pre-existing methods after an improve apart from the chance that superior methods could possibly be constructed after an improve and customers would select to make use of these as a substitute. That’s the solely coherent argument to be drawn out of these statements.
So are we severely on the level the place “pro-ossificationists” are arguing for protectionist resolution making for current investments in present layers and methods?
Look ahead to your self and resolve: https://www.youtube.com/watch?v=TUO10-HcdvY
This text is a Take. Opinions expressed are completely the creator’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
