27 Comments
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John Kramer's avatar

James, please comment on this snippet from Luke Dash Jr thank you

Bitcoin's greatest threat to survival is that far too few people are using a full node. For Bitcoin to work, at least 85% of economic activity needs to do so. As a result, Bitcoin is _likely_ going to fail already - it's an uphill struggle.

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James Check (Checkmatey)'s avatar

Far out...where do I start.

This comment from Luke is frankly inconsistent with reality. From a simple frame of how people actually behave, 85% node runners is beyond silly to even pretend could ever happen. In product design and engineering, you can't design for the world and customer you want, only the one that is in front of you. We must adapt to the constraints of reality.

Bitcoin has been designed to work when a small intolerant minority run nodes. It's why filters are ineffective, because you need total near 100% penetration, yet a small minority can route around them. Most people will never ever even contemplate running a node, and the vast vast majority will never even know nodes exist. It's just not how people work, they outsource technical stuff to services, and eventually never know it's working in the background.

I disagree with Luke that 85% of people and economic entitles will ever run a node (lucky if it hits 2%), and Bitcoin will be just fine anyway. I disagree that not reaching 85% means it fails, and I also disagree with a great many other things he says on this topic.

Happy to elaborate as needed.

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John Kramer's avatar

Love it, thanks!

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KOILED's avatar

Congratulations to you and your family James… time to start stacking nappies alongside sats!

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James Check (Checkmatey)'s avatar

Haha yes indeed, stacking away, staying humble.

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KOILED's avatar

Staying humble until the kids remind you who the real boss is… but I’ve been stacking BTC for kids for a while and 5xd it so far. 😉

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Hamid Azimi's avatar

Congrats James! Wish you and your family all the best :)

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rol's avatar

Happy to know you're a young father too, matey! Welcome your little coiner, and also some grey hair soon! Haha

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Joshua Worger's avatar

Congratulations, Sir! May the crypto gods bless your upcoming family with health and wealth!

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James Check (Checkmatey)'s avatar

Thanks Joshua, I can't wait to meet him!

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Tysnras's avatar

Congrats, Mate :)

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James Check (Checkmatey)'s avatar

Thank you!

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Mareto N's avatar

Congratulations James! Good luck and health to your family

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James Check (Checkmatey)'s avatar

Thanks Mareto, can't wait to meet him.

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Sean's avatar

Congrats James!

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smolcompute.xyz's avatar

Congratulations!

On the possibility that the cycle dies with a whimper, i.e., top signals never flashing before a bear, and how to navigate such a scenario, I'm not sure I understood your answer. Maybe you or someone else can restate it.

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Kevin Edgar Ruby's avatar

Congrats James. Very cool, and one lucky kid!

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Jack Peterson's avatar

Congrats. I got 4 bitcoiners.

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Scott K's avatar

Hey Congrats on the baby James thats so awesome!! My wife is also about to give birth any day now for our first haha, due date sept 2nd! God bless mate!

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Andrew C's avatar

Congrats both. I got a due date Sept 10. #2

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Tim's avatar

Congrats James

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Luiz Egri's avatar

Congratulations to you and your family James! One more Bitcoiner to help changing the world for the better!!

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Sab's avatar

Congrats Check. Not only bitcoiner , kiter too 😜🤙. All the best

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James Check (Checkmatey)'s avatar

Im already selfishly looking forward to buying his first little kite!

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Nat's avatar

Bitcoiner and kiter here too although the kiting doesn't happen too often with 3 young kids!

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Julian's avatar

Congrats brother. Mine is coming in October. All the best and wishing your baby and wife lots of health!

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James Check (Checkmatey)'s avatar

Thanks Julian. It's the lowest time preference thing we can do. Wishing you all the best also!

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