Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
I've been thinking about the fundraising part, and I can concede that being able to eat and keep a roof over your head is equitable. I'm just concerned about the nature of fundraising when it is paired with:
Upon further consideration, that is the real 'meat' of my argument, in addition to the overall blockchain impact - which I'm not very pleased about, since I have no way (at this time) to say "no thank you, I will not verify your data". Bitcoin being what it is, it should be opt-in - the same way it is for what version of client you choose to run (unless we fork so hard we have to select one).
That's another problem, isn't it, it takes off and then we're talking not only about multiples of bandwidth/storage, but the ability of the main bitcoin devs being able to pick up the pace for future expansion and improvement. And since I've never bought the early-stressor argument either, please don't try it, it isn't very convincing.
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"Get 'em now folks, before they're worth SO MUCH MORE."*(multiple caveats in fine print)
Upon further consideration, that is the real 'meat' of my argument, in addition to the overall blockchain impact - which I'm not very pleased about, since I have no way (at this time) to say "no thank you, I will not verify your data". Bitcoin being what it is, it should be opt-in - the same way it is for what version of client you choose to run (unless we fork so hard we have to select one).
That's another problem, isn't it, it takes off and then we're talking not only about multiples of bandwidth/storage, but the ability of the main bitcoin devs being able to pick up the pace for future expansion and improvement. And since I've never bought the early-stressor argument either, please don't try it, it isn't very convincing.
Yup. If MasterCoin is successful, it will add a lot of transactions to bitcoin, making the total size of the block chain even more painful.
You are right - there is simply no way to prevent people from trying crazy stuff like this on top of bitcoin. For someone like me, that's kind of cool. Other people may not be so excited about it
Sometimes when I read crazy ideas like these, I have to wonder if we're either on the precipice of something horrible - like two halves of plutonium banging together and going critical, or something great, like the birth of the internet. The main issue here is the risk taken in doing so. If your baby 'breaks' bitcoin (For whatever duration - either temporarily or permanently), will the usual sentiment I see from software engineers the world over - usually along the lines of "Well, if 'X' couldn't handle it, then 'X' is stupid and deserved to die." - going to be enough to placate the angry mob of now-bereft bitcoiners?
Of course, the flip side is supposed to be "well, if we didn't do new things no progress would be made" -- but I've yet to see anyone say "Lets test this idea out responsibly just in case we totally fuck something up." It's all SHOVE it into the live production network and see what chaos it causes - "Oopsie!, we're just trying new and crazy ideas guys, so sorry for screwing over the rest of the community."
There has to be a better way than working on the jet engine while at 30,000 feet in the air - just saying.