GM ☕️

Here me out

Proof of work voting…

Voting should have a cost. $500-$1000 and a qualifying test (think 9th grade civics).

The current model is not working.

👊🏻🧡🍻

⚡️⚡️⚡️🔂⚡️⚡️⚡️

Reposts that comment dbl zaps

wild

- soft forks without consensus result in a chainsplit

- bcash was a hard fork with minority support so it trended to zero

- if your desire is to try to push through this soft fork with legal threats that is lame as fuck and will probably fail

this seems fucked up?

So if CSAM ends up in an OP_RETURN (of any size) that gets mined into a block, nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk will reject that block and encourage others to do so as well; basically a UASF, even when that would effectively mean rolling back the chain.

(Screenshots from the Bitcoin Knots Telegram channel, shared with permission.)

Running….

The solution to the knots debate (or whatever it's called) is that the both sides must realize that every Bitcoin transaction is spam.

Decís?

As I’ve said before…

Those that wish to block OP_RETURNs and whatever else they see as spam should deploy a UASF to render it invalid.

Those that consider this a form of (or path to) censorship and undesirable should deploy a URSF (user rejected soft fork) to counter it.

Exchanges can offer fork futures long before the actual split happens, gauging market sentiment and informing miners where to direct their hash power at fork point. (Hopefully we’ll see a winner-takes-most dynamic and minimal disruption for non-upgraded nodes, i.e. no large re-orgs.)

nostr:npub1hcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usj4h9rq nice work. Any details how this working under the hood?

Telegram Founder invested several millions of dollars in bitcoin by 2013

Not sure what was his source of wealth because throwing millions at that point was a risky one

Did a privacy publication really just leak private DMs?

I’m thinking my btc++ talk should be titled “Requiem for a Decentralized Bitcoin”. WDYT nostr?

I can't stop saying vee logs in my head

If I wasn’t working on ecash, I’d be working on making seed phrases obsolete. They’re the worst possible UX imaginable.

"Hey, we have the best engineered money in human history…but before you can use it, you have to grab a piece of paper and write down 12 random words. BTW if anyone ever finds this paper, they can steal your money forever."

Deeply unserious UX.

I think seed phrases are the best solution we have right now. But it’s naive and short sighted to think they’ll remain the standard for self custody / backup, or that we can’t design something 10x better and just as secure.

Why are pigeons this stupid? 😢