development in bitcoin has become stifled by its central point (core) where any idea's or innovation or growth has to go through them.. as omitted by people previously denying it.. so a nice change to see them admit it now
Most of that can already be done on Bitcoin, and with more development time and expertise even more is possible..
There
is work done. If you have a proposal, feel free:
bitcoin-dev@lists.linuxfoundation.orgthese side and subnets of bitcoin(
LN/LIQUID aka DCG product) again were majority made and paid by the same group that is paying core(
blockstream aka DCG)
whereby they have flaws and not finished so people are reluctant to use them..
even
coinbase and circle aka a DCG company are resistant to using LN and liquid for multiple reasons
meaning those networks then function even less.. due to the reluctance.. which because of the lack of liquidity needed just to make them somewhat workable(another flaw)..
yea its a failed system if the snowball effect doesnt run uphill(liquidity growth), like they expect
other subnets and systems can bridge to bitcoin and yes a BTC backed NFT is possible.. but, of course not pushed due to the "seek core permission" mindset devs have which gets hit by hostility and opposition if those idea's dont fit the DCG roadmap.. which is why devs with idea's outside the DCG roadmap end up doing things for different cryptocurrencies instead, because other cryptos have more freedom / no hierarchy /core control
Look at the top Why is this development not encouraged and funded?
it is funded
Whoever works for improving Bitcoin Core isn't paid
Yes they are. There are various entities which give regular salaries to Core maintainers and devs to allow them to work on bitcoin full time. Wladimir van der Laan is employed by MIT under their Digital Currency Initiative. Pieter Wuille has been employed by Chaincode Labs and Blockstream. Blockstream also employ Andrew Chow. These companies all employ other developers too, as well as companies like Lightning Labs and Square.
Bitcoin Core development is only slow when compared to altcoins, most of which have no working product or anything of value to lose should they introduce some major bug or accidentally fork their chain.
and now the certain poaple have learned and ommited about the core/central point of control/permission and funding, they can relax their defences of pretending the opposite.. and instead try to actually help bitcoin become less central controlled which even the lead maintainer admits is a problem of bitcoin
https://laanwj.github.io/2021/01/21/decentralize.htmlmoving on
I realize I am myself somewhat of a centralized bottleneck. And although I find Bitcoin an extremely interesting project and believe it’s one of the most important things happening at the moment, I also have many other interests. It’s also particularly stressful and I don’t want it, nor the bizarre spats in the social media around it, to start defining me as a person.