There Is No "Bitcoin 2.0"

Bitcoin isn’t Netscape Navigator.

Bitcoin isn’t MySpace.

Bitcoin isn’t iPhone.

Bitcoin isn’t Mt Gox.

Bitcoin isn’t another incremental improvement.i

Bitcoin is iron.

Bitcoin is gunpowder.

Bitcoin is the steam engine.

Bitcoin is the personal computer.

Bitcoin is the once-in-a-generation revolution.ii

Looking at the world through Bitcoin physically hurts. Bitcoin is high art.iii

Unless it’s teleportation, whatever you’re calling “Bitcoin 2.0”iv is not the next revolution, it’s just the buzzing of another wallet inspector.

Bitcoin is Bitcoin, and it’s version 0.x. Welcome to Stage n.v




  1. “Improvements” tend to make things busier, noisier, and worse. Almost without exception. Bitcoin is none of that.
  2.  16:31:52 <mircea_popescu> : aristotle’s politics just became second rate in the field of revolutionary. nakamoto’s paper easily takes the top spot.
  3. “A true work of art, like a true work of nature, never ceases to open boundlessly before the mind. We examine, -we are impressed with it,- it produces its effect; but it can never be all comprehended, still less can its essence, its value, be expressed in words. In the present remarks concerning the Laocoon, our object is by no means to say all that can be said on the subject; we shall make this admirable work rather the occasion that the subject of what we have to say. May it soon be placed once more in a a situation where all lovers of art may be able to enjoy and speak of it, each in his own way.

    We can hardly speak adequately of a high work of art without ask speaking of art in general; since all art is comprehended in it, and each one is able according to his power to develop the universal out of such a special case. We shall therefore begin with some remarks of a general nature.

    All high works of art are expressions of humanity. Plastic art relates particularly to the human form; it is of this we are now speaking. Art has many steps, in all of which there have been admirable artists; but a perfect work of art embraces all the qualities that are elsewhere encountered only separately. The highest works of art that we know exhibit to us-

    Living, highly organized natures. We look, in the first place, for a knowledge of the human body, in its parts and proportions, inward and outward adaptation, its forms and motions generally.

    Character. Knowledge of the varieties in form and action of their parts; peculiarities are discriminated, and separately set forth. Out of this results character, through which an important relation, may be established among separate works; and in like manner, when a work is put together, its parts may hold an analogous relation to each other. The subject may be –

    At rest, or in motion. A work, or its parts, may be either self-centred, simply showing its character in a state of rest, or it may be exhibited in the movement, activity, or fullness of passionate expression.

    Ideal. To this attainment of this, the artist needs a deep, well-grounded, steadfast mind, which must be accompanied by a higher sense, in order to comprehend the subject in all its bearings, to find the moment of expression, to withdraw this from the narrowness of fact, and give to it, in an ideal work, proportion, limit, reality and dignity.

    Agreeableness. The subject and its mode of exhibition are moreover connected with the sensible laws of art; viz.; harmony, comprehensibility, symmetry, contrast, etc.: whereby it becomes visibly beautiful, or agreeable, as it is called.

    Beauty. Farther, we find that it obeys the laws of spiritual beauty, which arises from just proportion, and to which he who is complete in the creation or production of the beautiful knows how to subject even the extremes.”

    from Upon the Laocoön, Goethe, 1798.

  4. Recommended reading: benkay’s excellent piece on this topic.
  5.  Stage n: Bitcoin exists, by Mircea Popescu.

37 thoughts on “There Is No "Bitcoin 2.0"

  1. […] is art, which is why there’s no Bitcoin 2.0. Also, two millennia on, we still look to the Ancient Greeks for their mastery of philosophy, […]

  2. […] Quantum computing is no more a thing than cold fusion. As such, it’s about as relevant as Bitcoin 2.0. […]

  3. […] Let’s Talk Bitcoin, home of the tire pumpers, including such notables as Ethereum and Circle. […]

  4. […] his third book, you’ll be please to know that his second book was on smart contracts. Le derp. […]

  5. […] at Bitcoin. This includes, but is not limited to, crowdfunding, mining hardware sales, altcoins, Bitcoin 2.0, you name it and they’ve tried […]

  6. […] is, sustainable, innovative, and a platform for art. You’ll notice that this is exactly the opposite of the braindead shit you […]

  7. […] to say that the theatre, and art in general, is ready for […]

  8. […] only is there no Bitcoin 2.0, Bitcoin doesn’t even need such a […]

  9. […]  [Artículo original] […]

  10. brendafdez says:

    I hope you won’t mind that I attempted a translation of this post here

  11. […] I’m talking about the difference between “social progress” and honest-to-goodness technological progress, the type that leads to genuine advancement vs. the pretense […]

  12. […] and its copies aren’t apps. May I point you to the writings of Contravex? There is no Bitcoin 2.0. This is Stage […]

  13. […] other resource revolution in human history – like the horse-drawn plow, the steam engine, and Bitcoin – are here to stay for the simple reason that they’re better than the alternative. No, […]

  14. […] bargaining to automobile traffic to, yes, even the existence of a single blockchain in the face of 2.0 pretenders and altcoins galore. It’s essentially a specific type of win-win scenario for potentially […]

  15. […] individuals gladly accepted, GS wouldn’t be in the unenviable position they are today, where the cat is out of the bag and it’s too late to buy their way out of this mess, no matter how much […]

  16. […] of course there will be, but I fully expect that it will ultimately prove as fruitful as the “blockchain technology” investments that all these dickless bankers (who couldn’t not have Down syndrome) seem […]

  17. […] meet the needs and wants of the world – the world is going to adapt to the new reality that Bitcoin exists and will continue to exist for some time to come. Trying to “improve” Bitcoin […]

  18. […] has rightly been compared to fine art in the past, and justifiably so, but that doesn’t make the present proximity between a […]

  19. […] sane fully expects). And if you have a problem with that, well, you just don’t understand how versioning works, terrorist. Not exactly news, no, but nor is it what you’d expect from the Chief Evangelical […]

  20. […] fork that’s really a hard fork” all sucked a dead donkey. Bitcoin 2.0… what was that again ?   […]

  21. […] hard in five years when ours “assets” lose 50+% of their “value” and the alternative is up 50x. Different causes, same effect. In the long-term, it’s not hard to see who wins, […]

  22. […] I’m not the only one who sees that Vancouver House is real estate art like nothing else. As art is wont to do, BIG’s first design for the world’s most authentically green city seems […]

  23. […] “Blockchain tech” and “cryptocurrencies” in the abstract are most certainly being adopted too quickly, mostly by megacorps for whom the real deal of Bitcoin would be like setting off a nuclear bomb in HQ, such would be the devastation left in its wake. As such, megacorps will buzzword pretensions (because TBTF status to defend) have few options but to avoid The Coin and focus their busybody energies on “blockchains.” They’re therefore not in for a “rude awakening” because they’re not really trying to upend their own businesses, they’re just giving themselves something to talk to journalists and shareholders about in press releases. […]

  24. […] Security 6. On Making Bitcoin Accessible. Or Not. 7. On Making High-Entropy Paper Wallets 8. There Is No “Bitcoin 2.0″ 9. Deflation Isn’t Bitcoin’s Problem, It’s Bitcoin’s Solution 10. Ex-Post: Toronto […]

  25. Brendan says:

    whoah this blog is magnificent i really like studying your articles.
    Stay up the good work! You know, many individuals are looking
    around for this info, you could aid them greatly.

  26. […] watches are high art, they connect us to the eternal. This fight against obsolescence – against death – is […]

  27. […] There is no Bitcoin 2.0 by Pete D. […]

  28. […] There is no Bitcoin 2.0 by Pete D. […]

  29. […] enough time horizon to see the coming post-fiat world. They’ll tell you spending is vital, that Bitcoin 2.0 will be even better if only you give them some of your Bitcoin 0.9, or that your bitcoins are […]

  30. […] para enxergar o mundo pós-fiat que se aproxima. Eles lhe dirão que gastar é vital, que o Bitcoin 2.0 será ainda melhor se você der a eles parte de seu Bitcoin 0.9 ou que seus bitcoins valem apenas […]

  31. […] I guess I hope not, but my bags have always been packed just in case. What, you think I’m into crypto, watches, and tapestries by accident or coincidence? Ha. That’s just part of being the […]

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