Lesson 18 - Move slowly and don't break things

Lesson 18 - Move slowly and don't break things

6:08 Apr 29, 2022
About this episode
Lesson 18 Move slowly and don't break things So the boat wound slowly along, beneath the bright summer-day, with its merry crew and its music of voices and laughter...   It might be a dead mantra, but “move fast and break things” is still how much of the tech world operates. The idea that it doesn’t matter if you get things right the first time is a basic pillar of the fail early, fail often mentality. Success is measured in growth, so as long as you are growing everything is fine. If something doesn’t work at first you simply pivot and iterate. In other words: throw enough shit against the wall and see what sticks. Bitcoin is very different. It is different by design. It is different out of necessity. As Satoshi pointed out, e-currency has been tried many times before, and all previous attempts have failed because there was a head which could be cut off. The novelty of Bitcoin is that it is a beast without heads. “A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them.”Satoshi Nakamoto One consequence of this radical decentralization is an inherent resistance to change. “Move fast and break things” does not and will never work on the Bitcoin base layer. Even if it would be desirable, it wouldn’t be possible without convincing everyone to change their ways. That’s distributed consensus. That’s the nature of Bitcoin. “The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.”Satoshi Nakamoto This is one of the many paradoxical properties of Bitcoin. We all came to believe that anything which is software can be changed easily. But the nature of the beast makes changing it bloody hard. As Hasu beautifully shows in Unpacking Bitcoin’s Social Contract, changing the rules of Bitcoin is only possible by proposing a change, and consequently convincing all users of Bitcoin to adopt this change. This makes Bitcoin very resilient to change, even though it is software. This resilience is one of the most important properties of Bitcoin. Critical software systems have to be antifragile, which is what the interplay of Bitcoin’s
Select an episode
0:00 0:00