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Jonathan 2y ago

I’ve been banned from twitterX for a long time so I can’t respond there, but regardless of your view, this quote is so badass I had to say something, nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak love it!

Saifedean Ammous

@saifedean

Bitcoin, as it is, saved my family from hyperinflation in Lebanon. It is entirely essential to my life. It works perfectly fine for me as it is. It is not some "cool" piece of software whose next iterations I'm "excited" about. It is my lifeline. If it never ads a single capability, it will still be the most important technological innovation of my lifetime.

If you want to to introduce ANY changes to its software, I am going to be extremely skeptical about adopting them on my node. You're not just experimenting with adding features to another app on my phone; you're asking to rebuild my lifeboat with my family on it. I need to see extremely compelling evidence for why these changes are necessary, and extremely compelling explanations for why they do not pose any risks.

Like most bitcoiners, I have been harassed and hounded for years by BIP300's well-funded cringe marketing machine, but the more I look into it, the less convincing it is. Nothing in the motivation seems necessary or even useful. I simply don't care about "killing shitcoins" nor do I see any value from adding any of their features to bitcoin, since I know their features are just vaporware to promote ponzis. A significant number of plausible risks are waved away with cavalier indifference. It somehow fixes all problems and ends all trade-offs. And its promoters have more red flags than a Soviet parade: a history of questionable judgments on bitcoin issues; funding from shitcoiners responsible for the most serious attacks on bitcoin, like Garzik, Ver, and Brekken; the strong support of countless other shitcoiners; and worst of all, the resort to ridiculous fear tactics and the insistence that bitcoin is in a dangerous crisis which only BIP300 can fix.

Bitcoin is permissionless, so i cannot stop you from doing sidechains. Liquid, RSK, and RGB are doing something similar and I simply don't care. But if you need me to do anything with my node to accommodate you, the answer is going to be a very firm no.

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Steve Schroeder 2y ago

Not many of us who live in the United States needed bitcoin to save our family from hyperinflation but that time might be coming. We seem to be more focused on price rather than performance or speed rather than security, or self interest rather than serving others. Saif is a breath of fresh air who speaks his mind which is backed by experience and evidence. I think we need more PhD’s in common sense and courage and saif has his degree in both and I am working on mine. Thank you saif for leading by example keep up the great work

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noKYC ⚡︎ 2y ago

#drivechain is an attack on the #bitcoin network, its leaders and supporters are our enemies.

Just my opinion, this note was not made for likes.

nostr:nevent1qqsxjr0gahkp05vlxzcv2tnxytn9pshterveyun3g77adtvgyrkug8qpvemhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33w4kns7r6x3cx5aryxfmkgwrex5c8y7ncv46kvemxvdukudehvamhv6eedv6h2wr9d4sksaekvcmrw7pn0fck6mn6wq6x20mzwfhkzerrv9ehg0t5wf6k2q3qw4gjvu0647gnmgnd88v58drjzw6nuwp09ft3k9sx5dv2h3qm3v0qxpqqqqqqzn8uccp

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Vincent 2y ago

I understand and accept the concerns. But I must ask, what other way does #bitcoin have if we want to scale it to billions (in a non-custodial manner)?

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Jeff Swann 2y ago

Lightning on top of & serving as a bridge between Liquid, fedimints, spiderchains, channel factories, etc. People who act like there are no other options when most of the solutions we already have as options are not fully implemented, much less thoroughly explored, are a big part of the problem.

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Vincent 2y ago

I haven’t delved into spiderchains yet. Care to explain?

Regarding liquid and fediminits. Both are custodial (or multiparty custodial) solutions. I need to trust some third party to not steal my btc.

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Jeff Swann 2y ago

Drivechains require the exact same trust, only there is no security by exclusivity, if all miners aren't participating then any other miner can attack & there is zero opportunity cost for doing so.

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Jeff Swann 2y ago

They are all federated trust models. But they are federated models with no ability to inflate & no ability to target any single customer, & they can be small & run by a limited number of known entities with good reputations, & then networked via Lightning to other sidechains.

Drivechains on the other hand require massive miner particpation to be secure, no potentially malicious miner can be excluded, & it requires a change to the incentives on the base layer that could over time break the entire system.

There are a lot of people who don't seem to understand the sensitive dependence on initial conditions that is at play when you screw with things in a system like Bitcoin.

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Vincent 2y ago

Well, I don’t know. “Good reputation” are two words that I don’t like hearing in bitcoin. Maybe there is no good solution, but I really hope we can find something better.

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Jeff Swann 2y ago

I think (if we are free) reputations are going to be wildly important—I don't think there's any way around that. Reputations won't matter if we aren't free because the govt will just centrally assign your social score & being a good & trustworthy person won't help you.

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𝔼𝕣𝕪𝕟 𝔹𝕣𝕒𝕔𝕔𝕠 2y ago

There was this podcast episode recently explaining spiderchains if you’re interested:

https://fountain.fm/episode/jZpCYtISeZRBT46wAh3r

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no₿ody™ 🧱 2y ago

Bitcoin is sound money 🧘‍♂️🧘‍♀️🧘