I simply sat down and watched this debate between Jimmy Tune 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 give attention to one particular line of argumentation he made.
“Money shouldn’t change, it should be predictable.”
He particularly spoke alongside these traces with regard to “letting things mature” on this house from a technical perspective, and implicitly stating that upgrades to Bitcoin “pulls the rug out from under” current builders constructing issues.
Does Jimmy not perceive how Bitcoin upgrades work? We’ve got been utilizing softforks for over a decade particularly to deal with the priority of backwards compatibility. i.e. with the ability to say with 100% certainty that every part that has been constructed so far will proceed functioning in precisely the identical means. All upgrades to Bitcoin are opt-in, every part that existed prior will work simply high quality and nothing must be modified to assist new performance if a developer or person doesn’t need to.
There is zero technical foundation to Jimmy’s statements or arguments alongside these traces in any way. New performance enabling the development of recent 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 is zero risk, danger, or drawback created for pre-existing methods after an improve aside from the likelihood that superior methods may very well be constructed after an improve and customers would select to make use of these as an alternative. That’s the solely coherent argument to be drawn out of these statements.
So are we critically on the level the place “pro-ossificationists” are arguing for protectionist choice 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 solely the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
