Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Foundation
by
BitcoinRedLight
on 28/10/2011, 02:24:47 UTC

Only the last item on this list seems good. Collecting (bitcoin!) donations to fund infrastructure is a good idea.


+1

Gavin is trying to save Bitcoin, and that is highly praiseworthy. If he wants to centralize 'power' then he should go for it. But those other efforts will take him off on spaghetti-tangents of endless debates. They are not the silver bullets that Bitcoin needs.

Why? Because in the end, it's all about the infrastructure and its peripherals; no ease, no security, no trust - no liquidity and no Bitcoin.

And, as in other economies, it's the wealthy who can make that infrastructure happen...fast and big.

Easily, the most debilitating force in Bitcoin is the legacy of the Wagner-to-the-moon effect which has permeated the minds of the early (large) Bitcoin holders. They have preferred to watch their stash dwindle to a fraction of its conversion value rather than putting it into productive use within the sphere of Bitcoin development and Bitcoin support for entrepreneurs.

Bitcoin VC/bounties is moribund...which DEinspires everyone else.

The Bitcoin wealthy have a tremendous responsibility but no obligation. Overwhelmingly, they focus on the obligation and void the responsibility. That is the mind of the opportunist, which is fine, but parading as idealists is really no fun to watch.

Corralling them into a serious fund is a tall order, but if anyone is in position to do so then it's Gavin.

-jack