Topic: changes need to be made (Read 109 times)

While you are correct, i can't see those old days and that ideology coming back.

if you want the volume, liquidity and high price for bitcoin, you need institutional investors. I remember time when people were only speculating when they will enter this game. And now that they have, they need regulatory compliance to stay in the game.

If you want to escape regulations, monero is pretty much only way to go now. And sure, it works and you can use it, but when cexes refuse to list it and FATF aml laws require to provide origin of the money, it just might be that every crypto outside of regulations and cryptos traded against them can't be listed to cexes. And that affects the liquidity and price.

It better happen soon, because just about the only thing keeping government from simply crushing crypto is, there are a bunch of politicians using crypto for whatever their purposes are... including criminal activity that would be hard to hide otherwise.

These points all goes to the rise of CEX. It is right that the popularity of centralized exchanges is the major push away from the DEX. I think first we have to look at the role that DEX have played that gives room to the overtake of it. DEX community have not really been there in the eyes of users or crypto interested persons.

Just few users even know the names of DEX like Uniswap, PancakeSwap, 1Inch, SushiSwap etc but every user of crypto have heard of binance, coinbase, if you go to CMC and other crypto platforms CEX feature more. So I think the nature of DEX have taken it backwards and the government again enjoys the control that they are getting from the regulation of CEX and casinos to the extent that they are licensed. However, I believe that the time will come when the bitcoin and blockchain foremost principle will be uphold.

Here you go, I had ChatGPT write you a cordial letter you can fire off to the Core devs, or you know, send to the mailing list because I've seen you post stuff in there:

If by Economic Nodes they mean Nodes that participate in meaningful Economic or Network activities. Or Nodes that contribute to the proper functioning of the Bitcoin system rather than idle ones then it may be a good idea because that will mean every honest & working participant can easily participate in Network consensus with little to no restrictions or with low barrier to entry. So they could use Proof of Work consensus mechanism to determine who quafies as economic node or who has contributed significantly to the economy or network. The contributions have to solve useful problem properly with little to no issue.


Nevertheless, the right consensus or voting method for the Bitcoin System is the one with little to zero restriction, to enable anyone, whether new or old participate or contribute to the network without limit. Qualified contributions qualify as economic nodes and the contributors are ranked up by the weight of their useful contributions which will give them higher voting powers. This voting power can be accumulated on any part of the decentralized Network and used in future voting on the area on the Network that is related/similar to contributors works, talents or interests






For now, any development by core that is against the Bitcoin ideals will fail or won't be embraced by the Bitcoin community. There will be competing ideas and developers that take over the roles of lazy, dumb and anti-Bitcoin developers. This will be happening at a rate their minds cannot comprehend

It is concerning to see Bitcoin moving towards centralization and power concentration. Bitcoin was supposed to be decentralized and free from traditional control.

We must keep questioning authority, actively participate in discussions, and uphold Bitcoin's core principles of decentralization and individual empowerment. Let's not forget why we got into Bitcoin and work together to protect its integrity.

one thing i have noticed about the bitcoin community is how in recent years alot of people are not seeking decentralised independence. instead they are bowing down and kissing ass to a centralised governance of coded rule decision makers(core)..

core have become the government that no longer need general community vote of new rules and only need the vote of the influencers of economic nodes who can bribe and blackmail mining pools into compliance... where by general users have no choice to veto a rule activation(backward compatibility trick)...

its turned the whole purpose of the invention of this currency that was suppose to be different to the fiat world, into a fiat structure of governance world with all its PR campaigns and deception by the ass kissers

we should actually be questioning the authority. scrutinising them and having ways to oppose them should they abuse their position..

bitcoiners were on the right path 2009-2014 but since then its as if too many people have been duped and stroked and ass kissed into yielding into allowing the control to gain more power.

the politics of bitcoin has changed since the olden days. and we really need to be scrutinising, highlighting, reviewing the things proposed to be changed and not just bow down all the time nor get told to shut up