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need to decentralise mining pools. right fucking now
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Damn, V8s, important message posted while I was writing long thing.
The deeper problem is ASICs. Special-purpose hardware can be controlled on the supply side. What happens if mining hardware requires a licence to purchase? What, you think they wont go that far to prevent terrorist laundering and money financing?
I am in Bitcoin because it is more or less our last hope.
I intended to write of this recently... I actually dont believe in much of the maximalist economic stuff. Yes, Bitcoin has long-term fundamentals and will increase in value.
No, I dont buy that it will become a world reserve currency;
I know this is impossible, but I would like to know what Hal Finney would think of the overall Bitcoin situation, exchanges, forks, asics farms, long shorts, bets
He was WAAAAAY clearer on his basic positions that Satoshi seemed to be, and he also saw more deeply into the future I think. He saw the whole decentralized censorship resistant quality to be important enough that I believe it was CLEAR that he would have been a small block supporter (I think that argument is harder to make for Satoshi, but it is trivially easy for HF, posts here reflect it) and I think if you read his posts to this forum you will see him making small block arguments.
On thing I am interested in that he foresaw that is STILL ahead of the curve as far as the community goes is the need for banks. He saw (before anyone and even before most of us now) that existing banks, bitcoin banks, and existing payment rails would continue to be in use as this tech evolved. He saw that bitcoin was a settlement layer before that was a thing for the rest of us.
Man, I REALLY wish he was still here. He would be such a clear voice of reason, I believe.