Whatever we're quote unquote getting for free is not free at all.
The Biggest Threat to Bitcoin | Jimmy Song
What's the biggest threat to Bitcoin? Is it Quantum? Developers? BIP110? Governments? Or something else entirely…
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3 A lot of this stuff is just sort of like satisfying developers without giving users enough benefit.
5 If the core devs agree among themselves that something is right, 6 then the rest of the community can go f*** themselves.
7 Right now they do kind of have the power to maybe ruin Bitcoin if they really wanted to.
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It's in fact very, very costly.
A lot of this stuff is just sort of like satisfying developers without giving users enough benefit.
What is the biggest threat to Bitcoin right now?
If the core devs agree among themselves that something is right,
then the rest of the community can go f*** themselves.
Right now they do kind of have the power to maybe ruin Bitcoin if they really wanted to.
They're given sort of like this godlike respect on them.
Show notes & resources
What's the biggest threat to Bitcoin? Is it Quantum? Developers? BIP110? Governments? Or something else entirely…
I sit down with Bitcoin OG Jimmy Song for a nuanced conversation about the state of Bitcoin development and governance. We dive into his 2011 origin story, unpack the store of value vs medium of exchange debate, and explore why he believes ossification is actually better for Bitcoin than constant protocol changes. Jimmy pulls no punches on Taproot's broken promises, explaining why the UX realities never materialized despite developer optimism.
We dig deep into the BIP 110 soft fork controversy, the governance concerns around Bitcoin Core, and why he thinks young developers need more humility when dismissing community feedback. This is an honest look at protocol development, decision-making processes, and the real threats facing Bitcoin's future from someone who's been in the trenches for 15 years.
