The Commoner

Issue #352: The battle for Bitcoin's soul

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When you get a chance, make sure you put 15 minutes aside to peep this piece that Nic Carter dropped last night as most of the world was collecting + consuming candy, imbibing alcohol or a combination of both. As always, Nic does an incredible job of lucidly describing Bitcoin's current condition in the context of its whole existence. One thing I love in particular that Nic brings to light, Bitcoin's unorganized, chaotic, and undefined governance structure gives it a soul that keeps advocates engaged and passionate.

Can we handle this responsibility?

We are currently in a lull after a long-fought war over the blocksize. The dust is settling, narratives and marketing pitches are being fine-tuned and consolidated, and the bear market is beginning to bore the hell out of everyone. There will be more turmoil ahead. I think Nic's attempt to help define what has caused strife within Bitcoin in the past is incredibly important as we develop a new base from which to argue during the next inevitable disagreement over the future direction of the protocol. Do yourselves a favor and read it.


Final thought...

Mailchimp was down for most of the morning, so I wasn't able to go in as much as I would have liked to. Back to wage cuckin'.

News and analysis, not financial, investment, legal, or tax advice. Figures and quotes are verified against primary sources where possible. See our editorial and financial disclosures.

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The Commoner

Truth for the Commoner, every weekday. Money, machines, and the people trying to control both.

Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.

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