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 attempt, I’ll deal with one particular line of argumentation he made.
“Cash shouldn’t change, it must be predictable.”
He particularly spoke alongside these traces with regard to “letting issues mature” on this area from a technical perspective, and implicitly stating that upgrades to Bitcoin “pulls the rug out from below” current builders constructing issues.
Does Jimmy not perceive how Bitcoin upgrades work? We’ve got been utilizing softforks for over a decade particularly to deal with the priority of backwards compatibility. i.e. having the ability to say with 100% certainty that every little thing that has been constructed thus far will proceed functioning in precisely the identical method. All upgrades to Bitcoin are opt-in, every little thing that existed prior will work simply positive and nothing must be modified to help new performance if a developer or person doesn’t need to.
There’s zero technical foundation to Jimmy’s statements or arguments alongside these traces by any means. New performance enabling the development of recent protocols or instruments does nothing by any means to inhibit the continued functioning of pre-existing programs.
So what’s he saying? To me it basically appears like an argument for financial protectionism. There’s zero menace, danger, or drawback created for pre-existing programs after an improve apart from the chance that superior programs 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 critically on the level the place “pro-ossificationists” are arguing for protectionist determination making for current investments in present layers and programs?
Look ahead to your self and resolve: https://www.youtube.com/watch?v=TUO10-HcdvY
This text is a Take. Opinions expressed are completely the creator’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.