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Author Topic: "Bitcoin’s Future Hinges on Donations, and That’s Got People Worried"  (Read 411 times)
pooya87
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March 01, 2023, 04:05:03 AM
 #21

Too bad WIkipedia and Firefox drank the Ripple lobbying FUD and decided to ban bitcoin donations "because it hurts the environment"...
They didn't "ban" bitcoin donations, they just simply stopped accepting bitcoin donations. That's because they had revenues coming from elsewhere that was hundreds of times more than the amount they had ever received in bitcoin donations.

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BlackHatCoiner
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March 01, 2023, 04:50:36 PM
 #22

They only survive on donations too! Or Linux. Or Tor. Or Firefox. Or LibreOffice. Or GIMP. Or VLC. Or the hundreds of thousands of pieces of FOSS used around the world every day.
And that's before we even mention that the Bitcoin Core development is self-funded, since developers work on maintaining the currency they're being paid on. I can easily make a guess that the overwhelming majority of Bitcoin developers are long retired, and have decided to devote a big part of their life on coding and discussing about Bitcoin.

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NotATether
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March 01, 2023, 05:10:17 PM
 #23

The existing BTC technology does not need to be and SHOULD NOT BE tampered with by adding things that have no bearing on what BTC was intended to do: be a means of acquiring, holding, and transferring funds with it being community developed and guided.
Lol what? So all the Segwit, Taproot, or other upgrades were not needed? Or are you implying that we won't need any sort of upgrades in the future?

With the exception of Ordinals, nobody's using Taproot for anything significant so there is an argument to be made that future Bitcoin protocol feature upgrades will become less and less important to users than say, Segwit.

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pawel7777 (OP)
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March 01, 2023, 10:14:04 PM
 #24

With the exception of Ordinals, nobody's using Taproot for anything significant so there is an argument to be made that future Bitcoin protocol feature upgrades will become less and less important to users than say, Segwit.

Didn't Taproot upgrade also include Schnorr signatures? Either way, there's no denying that there were plenty of useful upgrades and patches and that active development will always be required at least at some level. It'll never be a work completed, as there will always be some challenges ahead (quantum computers, possible algo changes if mining gets delegalised or someone manages to obtain majority of hash power etc)

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pooya87
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March 02, 2023, 04:24:44 AM
 #25

With the exception of Ordinals, nobody's using Taproot for anything significant so there is an argument to be made that future Bitcoin protocol feature upgrades will become less and less important to users than say, Segwit.
That's an unfair thing to say because you have to consider that many of the major wallets (that have lots of users) like Electrum have not yet implemented Taproot which is why the usage is low not because it is less important to users. In fact there is high enough demand for it but the end-user has trouble using it easily.

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NotATether
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March 02, 2023, 05:57:37 AM
 #26

With the exception of Ordinals, nobody's using Taproot for anything significant so there is an argument to be made that future Bitcoin protocol feature upgrades will become less and less important to users than say, Segwit.
That's an unfair thing to say because you have to consider that many of the major wallets (that have lots of users) like Electrum have not yet implemented Taproot which is why the usage is low not because it is less important to users. In fact there is high enough demand for it but the end-user has trouble using it easily.

Well, eventually people of course will be using Taproot in the long run, but I am talking about side projects branching from the bitcoin protocol such as DLCs, LN, and others and not the percentage of people that are using a particular address format.

A software that's supposed to embody digital money, even if it will constantly get upgrades, will have only a subset of its features being used by the mass population in the long run as people generally do not adapt to new versions of a particular technology quickly.

Hence why most people are using an older phone when today's counterculture begs you to get the latest phone.

Or why people continue to use cards, cash and checks instead of CDBCs (and will stay like that for the foreseeable future)

Or even why people continue to use bitcoin despite there being 100+ hot garbage coins that are more recent and could be used instead.

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