Lots of legit influencers running knots, people I respect, however their idealism reminds me of the cobra problem. Be careful. This makes me want to run core.
It almost seems like the knots side wants to keep bitcoin censorship resistant money by censoring it.
Personally I believe in satoshis game theory and the incentive structure plays out accordingly.
For reference
The “cobra problem” in India is a classic story about perverse incentives—a situation where a well-intended policy actually makes the problem worse.
Here’s the background:
• During British colonial rule in India, cobras were a major danger, especially in urban areas like Delhi.
• To reduce the population, the government offered a bounty for every dead cobra.
At first, this worked—people hunted cobras and turned them in for payment.
But then an unintended consequence emerged:
• People began breeding cobras just to kill them and collect the bounty.
• When the government discovered this and ended the program, breeders released their now-worthless cobras into the wild.
• The end result: the cobra population actually increased, making the situation worse than before.
This is where the term “cobra effect” comes from—used in economics, public policy, and business to describe when an attempted solution to a problem ends up exacerbating it because of misaligned incentives.
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In leaked messages to The Rage, Knots maintainer Luke Dashjr is proposing a Bitcoin hardfork to implement a trusted committee that enables the retr...
I would rather listen to
@calle @npub1wqlz...rnrp and others, than people’s emotional idealism.
