There is something in the stereotype of dreamers and naive idealists, or of cold and hard cynics. Stereotypes do not arise without foundation, they have something really; Otherwise, they would not have spread virally as an idea. But they, as well as the visions of the world they defend, are also exaggerated beyond that nucleus.
bitcoin is currently caught in a set and loosen game between naive idealists and tired cynics.
On the one hand, idealists argue that we already won. We don't have to do anything, bitcoin has magically guaranteed success. It is already going to seize the world, everyone will own it, it is the best value for value that exists. That is all you need to win and succeed. No improvements are needed.
On the other hand, the cynics argue that we have lost or that we are going to lose. Unless a total review is made that drastically changes to bitcoin, there is no way that bitcoin can succeed in the world. It will be captured and useless. “Who knows where to start?” It is the answer to the question about what improvements are needed.
Both extremes that dominate public dialogue divert attention from two important things: the reality of what can already be done with what we have and how substantially that reality can be expanded even with very small and simple improvements.
As things are at this time, so that bitcoin has some degree of resistance to censorship and privacy in a large part of the world would depend on custodians. The best we can do in that sense are many small and local Chaumian houses, but to execute an Ecash currency house it is necessary to execute a light node.
Lightning is complicated, and making mistakes and losing the state of the most recent channel can make you lose all your money. The design allows its counterpart to steal all its funds if you try to use an old channel state after updating it. CTV + CSFS would give us LN-SYMMETRY, a type of light channel that offers a new form of operation of the channels. Instead of using an ancient state that allows the other party to take all their money, the LN-SYMMETRY channels would simp The correct amount of money.
That little change (and that is not in any way everything that CTV + CSFS allows) to radically change the panorama of who would be capable and would be willing to administer a local currency house. The risk of losing everyone's money due to incompetence would almost disappear.
This small new functionality would greatly improve the chances of bitcoin to remain private and resistant to censorship. Is self -ocustody expanded to everyone? No. Does bitcoin value drastically improve even though the value warehouse maximalists claim that the improvement is not necessary or possible? Absolutely.
Bitcoiners must stop focusing solely on the extremes and poles when it comes to possibilities in this space; There is a mostly unexplored open field between them. If we really want to know our chances of success, the limits of what we can in fact What can we and cannot do with bitcoin, so we need to explore that field.
This article is a Carry. The opinions expressed are entirely from the author and do not necessarily reflect those of btc INC or bitcoin Magazine.
