Bitcoin

Austrian school bitcoin

I’m greatly saddened by the fighting austrian school bitcoin the two big Bitcoin camps. Even though they don’t have official labels and my own labels may not be fully accurate, I have to use some labels, otherwise my article will make no sense.

I’ll simply label one of the groups “Bitcoin Core”, and the other one “Bitcoin Unlimited”. HODLer I feel it as my obligation to try to explain to the people interested in Bitcoin why the discord exists, and why it’s pointless to spend time on it. I hope that it will help people deeply think about their own values, and use them productively instead. The conflict is often explained as a governance problem. I think this while there is an element of truth in it, misses the point.

The reason for the conflict isn’t a lack of procedures, but an emphasis of the differences in values. The main reason why there is discord is the conservative vs. The “Bitcoin Core” group tends to be more conservative whereas the “Bitcoin Unlimited” tends to be more progressive. Conservatives view the rules as containing a historic wisdom which may not be apparent. Progressives view them as contextual and as a reaction to contemporary phenomena.

These tendencies are a naturally occurring phenomenon and are largely influenced by psychology. They reflect themselves in all areas of life. People are unlikely to change their affinity. They associate themselves with people with similar affinities, and the community membership gives them a sense of belonging. If someone tries to treat obstacles in a way conflicting with their affinity, they will view it as an attack on their values, and follow by an immediate counter by any means available.

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