I simply sat down and watched this debate between Jimmy Music and Jameson Lopp on Bitcoin ossification. I don’t even know the place to start out so far as the absurdity and damaged “logic” in each argument Jimmy made on this debate. So I received’t strive, I’ll give attention to one particular line of argumentation he made.
“Cash shouldn’t change, it ought to be predictable.”
He particularly spoke alongside these traces with regard to “letting issues mature” on this area from a technical viewpoint, and implicitly stating that upgrades to Bitcoin “pulls the rug out from beneath” present builders constructing issues.
Does Jimmy not perceive how Bitcoin upgrades work? We’ve been utilizing softforks for over a decade particularly to handle the priority of backwards compatibility. i.e. having the ability to say with 100% certainty that the whole lot that has been constructed so far will proceed functioning in precisely the identical means. All upgrades to Bitcoin are opt-in, the whole lot that existed prior will work simply wonderful and nothing must be modified to help new performance if a developer or person doesn’t wish to.
There may be zero technical foundation to Jimmy’s statements or arguments alongside these traces in any respect. New performance enabling the development of latest protocols or instruments does nothing in any respect to inhibit the continued functioning of pre-existing methods.
So what’s he saying? To me it basically feels like an argument for financial protectionism. There may be zero menace, threat, or downside created for pre-existing methods after an improve aside from the chance that superior methods may very well be constructed after an improve and customers would select to make use of these as a substitute. That’s the solely coherent argument to be drawn out of these statements.
So are we severely on the level the place “pro-ossificationists” are arguing for protectionist determination making for present investments in present layers and methods?
Look ahead to your self and determine: https://www.youtube.com/watch?v=TUO10-HcdvY
This text is a Take. Opinions expressed are totally the creator’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
