undefined | Better HN

0 pointsspottybanana4y ago0 comments

> (b) is why Bitcoin core development has stagnated. And that's fine if people just want it to be like gold, however Ethereum doesn't aspire to not evolve.

How stagnated is Bitcoin development? Yeah it is not progressing super fast, but I think it is still progressing. Taproot has been accepted by miners and will be activated this year. Improvements are being done.

As Bitcoin is the biggest crypto by market gap, I think risk-aversiveness is a good thing. While I was initially a big blocker, now I think that going without a hard fork was probably quite a good idea. Bitcoin still works nicely and I still use it a lot, now I just use LN transactions in addition to onchain txes.

0 comments

textbookrental4y ago

I just find it unbelievable that after a decade of the smartest people moving into the crypto space, the best crypto solution is the first one, created by a single person 13 years ago.

It makes Bitcoin look like an anti-technology.

kristofferR4y ago

True, Taproot is looking promising. Yet, it's the only major change since 2017, I don't think they're moving fast enough.

And what's the next major improvement on the cards for Bitcoin after Taproot? I haven't heard much, and that is worrying in and of itself IMO.

bluebit4y ago

I'm not sure we should treat the base money of the internet the same way we do tech startups - to "move fast and break things". I would like to know that my BTC is stored in a network backed by code that is secure with slow and steady progress.

kristofferR4y ago

There's certainly a good middle ground between moving slowly and moving quickly, I think Ethereum has found that middle ground.

Half of this article is complaints about how Ethereum is moving too slowly with the PoS transition. They're certainly not of the "move fast and break things" mindset.

1 more reply

TomSwirly4y ago

> the base money of the internet

You can't. Be serious.

What percentage of internet transactions are performed in Bitcoin? 1%? 0.1%?

2 more replies

TimJRobinson4y ago

I agree. Bitcoin is a better store of value, Ethereum is a better tech stack for innovation. They serve different purposes and so should have different development schedules and risk aversion.

1 more reply

keymone4y ago

https://bitcoinops.org/. bitcoin is far from stagnant, there's a ton of research and development going on, it's just not being treated as "move fast and break things" kind of project.

it is really sad state of affairs when you only consider something as not stagnant when it's constantly putting people's money at tremendous risk.

at least the market seems to understand it.

j / k navigate · click thread line to collapse

0 pointsspottybanana4y ago0 comments

> (b) is why Bitcoin core development has stagnated. And that's fine if people just want it to be like gold, however Ethereum doesn't aspire to not evolve.

0 comments

textbookrental4y ago

I just find it unbelievable that after a decade of the smartest people moving into the crypto space, the best crypto solution is the first one, created by a single person 13 years ago.

It makes Bitcoin look like an anti-technology.

kristofferR4y ago

True, Taproot is looking promising. Yet, it's the only major change since 2017, I don't think they're moving fast enough.

And what's the next major improvement on the cards for Bitcoin after Taproot? I haven't heard much, and that is worrying in and of itself IMO.

bluebit4y ago

kristofferR4y ago

There's certainly a good middle ground between moving slowly and moving quickly, I think Ethereum has found that middle ground.

Half of this article is complaints about how Ethereum is moving too slowly with the PoS transition. They're certainly not of the "move fast and break things" mindset.

1 more reply

TomSwirly4y ago

> the base money of the internet

You can't. Be serious.

What percentage of internet transactions are performed in Bitcoin? 1%? 0.1%?

2 more replies

TimJRobinson4y ago

I agree. Bitcoin is a better store of value, Ethereum is a better tech stack for innovation. They serve different purposes and so should have different development schedules and risk aversion.

1 more reply

keymone4y ago

https://bitcoinops.org/. bitcoin is far from stagnant, there's a ton of research and development going on, it's just not being treated as "move fast and break things" kind of project.

it is really sad state of affairs when you only consider something as not stagnant when it's constantly putting people's money at tremendous risk.

at least the market seems to understand it.

j / k navigate · click thread line to collapse