I’ve been interacting with someone going by the name Shelby Moore III (Anonymint) who is one of the OG’s. Anybody know more about him? He’s made a number of fascinating and also very disturbing statements on various forums, has been banned, etc, but I can’t quite dismiss his arguments. He is obviously very high IQ with a wide spanning knowledge in software dev, theology, and economics and seems very adept in game theory.
I’ve been a programmer for a long time (nearly retired) and am leisurely going through the coding academy but am relatively new to bitcoin (only about 2.5 years now since my first transaction on the blockchain). In particular he makes the seemingly preposterous statement that segwit addresses will eventually have all their bitcoin stolen by miners about 6 paragraphs down:
The standard answer to this is that after 6 confirmations, it is irreversible blockchain history of course.
He also says that the 1 MB block size is a Schelling point that will never be changed by Core and that as transaction fees escalate to about $1000 USD most of us will be kicked off chain (this would be the case when bitcoin is about 1 million USD circa 2024).
He says that this event of being kicked off chain is by design and a feature of the blockchain that was set up so that only the elites could use it in the end. He also says that by around 2030 that PoW will have eaten up all of the world’s energy reserves which will cause the world to become very angry at bitcoin (at this point he interweaves book of Revelations).
Truly a fascinating individual, but I think too many dismiss him as just a kook. My gut tells me that there’s more here than meets the eye even if all the logic isn’t currently correct (which could change). Thoughts?