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authoralicexbt <alicexbt@protonmail.com>2023-11-05 18:43:18 +0000
committerbitcoindev <bitcoindev@gnusha.org>2023-11-05 18:43:47 +0000
commitf16a84acc77e85224373c27c6c7379feec07a550 (patch)
treeb0a74f4679566ff988b1097af514a105dae721e4
parent8f18c365c8c978c920b1d7db9939290e6cc78f13 (diff)
downloadpi-bitcoindev-f16a84acc77e85224373c27c6c7379feec07a550.tar.gz
pi-bitcoindev-f16a84acc77e85224373c27c6c7379feec07a550.zip
Re: [bitcoin-dev] ossification and misaligned incentive concerns
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+Date: Sun, 05 Nov 2023 18:43:18 +0000
+To: Erik Aronesty <erik@q32.com>
+From: alicexbt <alicexbt@protonmail.com>
+Message-ID: <GX-kBpIk-vgpoFHURyyNZTdxcfvNhMx9cSnKgBB6SRz6lggoivBTqt81IwZSAjFSPv-nVKE0_ZX6pzEGFS7bZRoJI6TXqmCxwU6HI28AnfE=@protonmail.com>
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+Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
+Subject: Re: [bitcoin-dev] ossification and misaligned incentive concerns
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+
+Hi Erik,
+
+> currently, there are providers of anonymity services, scaling services, c=
+ustody, and other services layered on top of bitcoin using trust-based and =
+federated models.
+>=20
+> as bitcoin becomes more popular, these service providers have increasingl=
+y had a louder "voice" in development and maintenance of the protocol
+
+> is anyone else worried about this?
+
+Yes. I share your concerns about the growing influence of centralized servi=
+ce providers on Bitcoin's development. Although there is nothing much we ca=
+n do about it especially=20
+when trusted, centralized, custodial, federated etc. projects keep getting =
+funded. Only solution is to build better things and be positive.
+
+Example: Everyone is aware of the risks involved in a project that takes cu=
+stody of funds, provide privacy without KYC. There are several examples fro=
+m past in which similar=20
+projects with some volume ended up getting shutdown by governments. With [c=
+ovenants and statechains][0], it is possible to use bitcoin (p2p ecash) wit=
+h privacy and involves no custody.
+
+There are other [benefits][1] of payment pools (w/ covenants) in terms of p=
+rivacy. Hopefully we agree to do soft fork in next year or so.
+
+[0]: https://github.com/AdamISZ/pathcoin-poc
+[1]: https://gnusha.org/bitcoin-wizards/2019-05-21.log
+
+/dev/fd0
+floppy disk guy
+
+Sent with Proton Mail secure email.
+
+------- Original Message -------
+On Friday, November 3rd, 2023 at 11:54 PM, Erik Aronesty via bitcoin-dev <b=
+itcoin-dev@lists.linuxfoundation.org> wrote:
+
+
+> currently, there are providers of anonymity services, scaling services, c=
+ustody, and other services layered on top of bitcoin using trust-based and =
+federated models.
+>=20
+> as bitcoin becomes more popular, these service providers have increasingl=
+y had a louder "voice" in development and maintenance of the protocol
+>=20
+> holders generally want these features
+>=20
+> but service providers have an incentive to maintain a "moat" around their=
+ services
+>=20
+> in summary, making privacy, scaling and vaulting "hard" for regular users=
+, keeping it off-chain and federated... is now incentivised among a vocal, =
+but highly technical, minority
+>=20
+> is anyone else worried about this?
+