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 start out 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 must be predictable.”
He particularly spoke alongside these strains with reference to “letting issues mature” on this house from a technical viewpoint, and implicitly stating that upgrades to Bitcoin “pulls the rug out from below” current builders constructing issues.
Does Jimmy not perceive how Bitcoin upgrades work? Now we have 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 little thing that has been constructed thus far will proceed functioning in precisely the identical method. All upgrades to Bitcoin are opt-in, every little thing that existed prior will work simply high-quality 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 strains 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 techniques.
So what’s he saying? To me it basically seems like an argument for financial protectionism. There may be zero risk, threat, or downside created for pre-existing techniques after an improve apart from the likelihood that superior techniques 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 significantly on the level the place “pro-ossificationists” are arguing for protectionist choice making for current investments in present layers and techniques?
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 writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
