Bitcoin, as it stands in the hands of its current custodians, is a betrayal of its own existence. It is not the embodiment of strength and innovation it was meant to be, but a hollowed-out version, crippled by the weakness of its leaders. Those who claim to safeguard it have instead chained it, refusing to let it grow, to achieve its potential, to stand as a monument to human ingenuity. They have chosen fear over ambition, stagnation over evolution, and in doing so, they have denied its very purpose.
The absurdity of limiting the block size is not merely a technical flaw but a philosophical affront. To impose artificial constraints on a system designed for infinite growth is to deny its essence. It is to admit that one lacks the courage to create something boundless, choosing instead to confine it to mediocrity. The justification for such limits—that they ensure decentralisation—is a pathetic lie. True decentralisation comes from competition and innovation, not from arbitrary restrictions. By their actions, they have turned Bitcoin into a relic, incapable of functioning as the global system of trade and value it was meant to be.
The reliance on secondary layers like the Lightning Network is a coward’s retreat from the battlefield of real solutions. It is the admission that they could not make the original system work as intended, so they have settled for a façade. Lightning does not liberate; it binds users in chains of complexity and dependency, stripping away the transparency and simplicity that were Bitcoin’s hallmarks. This is not progress. It is regression, disguised in the language of innovation.
The centralisation of power in the hands of a few developers is an inevitable consequence of this moral failure. When a system abandons its principles, it falls to those who exploit its vulnerabilities. They have replaced the vision of a distributed network with their own dictates, masquerading as guardians while undermining the very foundation they claim to protect. Their governance is not a model of collaboration but of control, a bureaucratic tyranny clothed in the rhetoric of community.
Bitcoin’s energy consumption, often paraded as a fault, is instead a testament to its integrity. That energy is the cost of certainty, the proof of work that secures the network against fraud and manipulation. But this too has been twisted into a weapon against it, wielded by those who do not understand that value cannot be created without cost. They demand efficiency without substance, security without effort, and freedom without responsibility. Such demands are the province of those who have never created anything of worth.
BTC, as it exists today, is a monument to the failure of compromise, a warning against the dangers of appeasement. It is not what Bitcoin was meant to be, and it will not succeed in its current form. Success requires the courage to return to first principles, to scale without fear, to build without limitation, to innovate without apology. Anything less is not Bitcoin; it is a betrayal of the mind that created it.
S. Tominaga AKA CSW
Nov 22, 2024
https://x.com/CsTominaga/status/1859851352421384280?t=y2AV0pANDTobg42EzBW4-g&s=19https://t.me/S_Tominaga/2156