There is something in the stereotype of naive dreamers and idealistic, or realistic and cold and hard cynics. Stereotypes not only arise without foundation, but there is a really core, otherwise, they would not have spread virally as an idea first. But they, as well as the worldviews they defend, are also exaggerated beyond that nucleus.
Bitcoin is currently caught in a set and loosen game between the naive idealists and the tired cynics.
On the one hand, idealists argue that we already won. We don’t have to do anything, Bitcoin has a magically guaranteed success. He will take over the world, everyone will possess it, it is the best value store in history. That is all you need to win and succeed. No improvements are needed.
On the other hand, the cynics argue that we have lost or we are going to do it. That it is not drastically a total review that changes Bitcoin, there is no way that Bitcoin can succeed in the world. It will be captured and useless. “Who knows where to start?” Is it the answer to ask for what improvements are needed?
Both extremes that dominate the public dialogue away from the attention of two important things, the reality of what can already be done with what we have and how substantial that reality can be extended with even very small and simple improvements.
As things are at this time, Bitcoin will have some degree of resistance to censorship and privacy for a large part of the world would depend on custodians. The best we can do in that sense are many small and local Chaumian mints of Ecash, but to execute an Ecash mint requires executing a lightning node.
Rays are complicated, and ruin and lose the most recent channel status can lose all your money. The design allows its counterpart to steal all its funds if you try to use an old channel state after updating it. CTV + CSFS would give us the ln symmetry, a type of ray channel that gives a new way for channels to work. Instead of using an ancient state that allows the other party to take all your money, the symmetry channels LN would simp The correct amount of money.
That little change (and that is not in any way the entire CTV + CSFS enables) would radically change the panorama of who would be capable and willing to execute a local Ecash mint. The risk of losing everyone’s money due to incompetence would almost disappear.
This new new functionality would greatly improve Bitcoin’s probabilities to stay private and censorship resistant. Personal Self -Curation Scale for everyone? No. Does the value of Bitcoin improve drastically despite the value warehouse that the improvement of maximalist claims is not necessary or possible? Absolutely.
Bitcoiners must stop focusing solely on the ends and posts when it comes to the possibility of this space, there is a wide field open mostly unexplored to each other. If we really want to know our chances of success, the limits of what in fact Can and I can’t do with Bitcoin, so we need to explore that field.
This article is a Carry. The opinions expressed are completely from the author and do not necessarily reflect those of BTC INC or Bitcoin magazine.
