People are the Most Important Part of Crypto

King James, NASB, NIV... they were all good until the weird new editions came out, like "The Message." Old school theologians made fun of NIV for putting a verse in the footnotes, calling it the "nearly inspired version" while NIV proponents rightly stated that KJV has lost relevance because it is too Shakespearean to preach to unbelievers. But KJV can be a measuring stick to evaluate new translations.

BTC, BCH, ETH... They were all good until the weird new versions came out, like Bitcoin ABC. Old school crypto fans made fun of the new coins because they were allowed innovations like big block sizes, while BCH proponents rightly argued that BTC Core has lost relevance because it can never scale to be a widely used exchange medium. But BTC can be used as a measuring stick to evaluate new coins.

So where does this leave us? The Bitcoin split created Bitcoin Cash, and was analogous to the 95 Thesis. But the Bitcoin Cash split (into ABC and SV) was like two warring factions attempting to burn each other's holy books. Both sides revealed the problems with each other, while destroying the viable BCH we once knew. Now I have to choose between ABC's centralized authority and SV's Scotch drinking front man (Craig Wright).

I grew up around elderly people who claimed the King James Version was the ONLY Bible. Bitcoin Core proponents remind me of those KJV fanatics, because both cling to a great work that has become irrelevant to society. The old guard despises the new, yet they have more in common with each other than they do with any other group.

Different translations of the Bible should have been viewed for their usefulness and applicability to society at large. But they were mostly a source of contention which led to even newer editions being released that deviated significantly from the Greek, Hebrew and Aramaic transcripts.

Considering that the translation issue has never been resolved, it is difficult to guess how the cryptocurrency issue will be resolved. Perhaps the most important part of the church is not the translation used, but the people who actively participate in it. Likewise, perhaps the most important part of the cryptocosm is not the coin being used but the people who actively participate in it. If the people are indeed the most important part, then I cannot think of a better, more positive or more active group than the people involved in Steem.