So it is said that if you know your enemies and know yourself, you will not be put at risk even in a hundred battles.
If you only know yourself, but not your opponent, you may win or may lose.
If you know neither yourself nor your enemy, you will always endanger yourself.
– Sun Tzu, The Art of War
Before I get started, let me just state the obvious. I’m admittedly the furthest thing from a Bitcoin expert imaginable. Some people associate me with Bitcoin because I was relatively early in seeing its tremendous potential for positive change, writing my first public piece on the subject in August 2012, when the price was about $10. If you never read it, here it is: Bitcoin: A Way to Fight Back Against the Financial Terrorists?
For the next couple of years I wrote about Bitcoin extensively, proselytizing about it to anyone who would listen; especially to some of my friends who remained in the financial services industry, though most of these efforts proved fruitless. As time went by, more and more people became interested in Bitcoin, and I simply became outclassed as a commentator on the topic. I decided to opine less and listen more, especially since I started to spend much less time reading and thinking about Bitcoin, and became much more focused on politics. With so many far more knowledgeable Bitcoin thinkers out there, I’ve taken an entirely appropriate backseat on the punditry front. If I feel I have nothing meaningful to add to the debate, why enter the debate at all?
Vinny Lingham’s writings were instrumental in my decision to take a backseat in the realm of Bitcoin commentary. When I saw his deep understanding of the technology coupled with a track record for making accurate macro price forecasts, I knew how important his voice was, and I started highlighting his work as opposed to producing my own. Over the last week or so, Vinny has weighed into the Bitcoin scaling debate with two very important articles. I’ll admit, the first article freaked me out significantly for several days. Particularly this part:
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