The danger of the hype-industrial complex feeding perpetual change into bitcoin is real. We need maintainers with a low time preference and not a lot of careerist junior developers using bitcoin as a "career springboard".

Although written in 1985 in "The Sachertorte algorithm and other antidotes to computer" by John Shore, the following sentence "The computer is important not because it allows us to do less, but because it helps us to do more." is still valid today. "Artificial Intelligence" is a powerful tool helping us to do more and not to replace humans. Reject any neo-Malthusian and neo-Luddite ideology.

As recent event shows us, bitcoin developer do not necessarily have to be bitcoiners themselves. Some are just collecting a CV item that they can put into their résumé and a lazy HR agent will not and can not verify whether that work was wanted or was sustainable for the user base.

-1 😀

Will the "neutral majority" aka the users that have not yet updated to v30 or changed to Knots really risk increased price volatility for a long time or a fork because of spam which many of them dislike, too? Therefore it seems safer for them to ally with the anti-spam side. Playbook à la "The Intolerant Minority" from "Skin in the Game" by Nassim Nicholas Taleb

Even if it takes several years, bitcoin maximalists will probably sit out the current crisis, whereas all those venture‑capital‑financed shitcoin companies will run out of money because they do not deliver anything useful.

Read 35 of them. "Crime and Punishment" is certainty a good one.

The question of what happens to interest rates in a hyperbitcoinized world is an intriguing one. As bitcoin has a terminal money growth of zero and can basically be stored for zero cost in your head makes this question a novel one. We have never encountered an inherently deflationary monetary system like this before, so there is no precedent for comparison. It will reshape both investing and the corporate landscape. Applying historical and conventional wisdom to such a world does not seem adequate. My guess is that real interest rates will rise, since lenders must be compensated for risk and for the natural appreciation of money that occurs simply by holding it. This could benefit small businesses that invest predominantly their own capital. Today a lot of investing is done because the money is loosing too much purchasing power if it is not invested. That behavior would diminish, which may not be a bad thing. In the future, you might even be able to purchase a house outright with cash again.