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David Tse
Our approach with the BitVM experiment: radical transparency, not marketing.
We reported costs ($15K), limitations, and real challenges.
One co-author said our data "doesn't look great" for selling BitVM.
That's the point.
This was a reality check, not a sales pitch.
Sometimes the most valuable research shows you exactly where the problems are.
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Interesting responses to our BitVM experiment:
Bitcoin maximalists: "Stop putting junk on the chain!"
Bitcoin miners: "Please do more of this!"
The miners earned 100x normal transaction fees. Yet some want Bitcoin to remain "pristine" with minimal activity.
Bitcoin's security budget depends on transaction fees. Ideology meets economics.
2,59K
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