RE: BITCOIN SOFT FORK CHATTER

- I DO NOT THINK THERE WILL BE MOTIVATION TO ACTIVATE A SOFT FORK TO “IMPROVE SELF CUSTODY” UNLESS FEE RATES RISE SIGNIFICANTLY.

- A MINORITY SOFT FORK PUSHED THROUGH WITHOUT CLEAR CONSENSUS CAN BE QUITE DANGEROUS. COULD CAUSE AN UNINTENDED HARD FORK. MOST TECHNICAL PARTICIPANTS REALIZE THIS AND WOULD NOT TRY.

- BITCOIN STAKEHOLDERS ARE MORE DIVERSE THAN THEY HAVE EVER BEEN. PRETTY MUCH GUARANTEES ALL CURRENT PROPOSALS WOULD BE CONTENTIOUS.

- IN THIS ENVIRONMENT AND GOING FORWARD I ACTUALLY LEAN TOWARD RESPONSIBLE HARD FORKS WITH FAR OUT FLAG DAYS MEASURING IN YEARS OR DECADES, NOT MONTHS, AND REPLAY PROTECTION.

- A MINORITY CAN HARD FORK SAFELY. ANYONE CAN HARD FORK WITHOUT PERMISSION. IT IS OPT IN. NO FUNDS AT RISK.

- I DO NOT CURRENTLY SUPPORT ANY PROPOSALS. IF THERE WERE A FORK TODAY I WOULD NOT FOLLOW IT.