billions of people will HAVE to share UTXOs, this way or another. if you don't care about engineering mechanisms that enable exiting these sharing schemes WITHOUT the approval of the majority, you're basically a closeted commie
you, an early adopter 6.15 on-chain bitcoin maxi is facing two futures:
1) support evolving bitcoin - get to utilize creative ways of generating income on your bitcoin by providing liquidity in sovereign mechanisms. all transparent, all accountable, all via control of keys
2) reject evolving bitcoin - handle your keys to JPMorgan so they give you a yield however they know. and don't think you won't be tempted. the carrying cost of on-chain will eat you alive
the choice is yours
a UTXO is like a society. you'll HAVE to share it to live a comfortable productive life
covenants are like bitcoin. they can let you op-out of a dysfunctional UTXO w/out losing everything, just like bitcoin in dysfunctional societies, forcing honesty from the entire system
at the end the real power is in the OPTIONALITY. the optimistic efficient path is always the best, in software and in life, but it can only remain honest if there are exits
if you want users to share UTXOs without the ability to exit unilaterally - you're a commie. it's that simple
if you want users to share UTXOs without the ability to exit unilaterally - you're a commie. it's that simple
Japan is zombie nation
compared to a software venture:
satoshi et al were the early stage product-market fit devs
sipa at al were the growth stage devs refactoring the spaghetti and laying the correct foundations
now it's time for the kind of devs and thinking that can make bitcoin a global monopoly
one BIP a day keeps the stupid away
read a fucking BIP instead of another saylor podcast
what if bitcoin is a monetary protocol for extremely dense merkalized off-chain activity AND a data protocol for extremely dense merkalized and hashed data?
what if the gold market isn’t corrupted by paper gold and that’s just the natural size of gold, since people moved to better things like stocks, bonds and real estate? real actual gold in custody is pretty dumb at this point in history
it’s too analog. too expensive to protect and verify and impractical as collateral
gold lost because it was gold
it's not them specifically. it's a state of mind of something-for-nothing
big-blockers never die. they only change shape
it's funny because israel got 2 new conspiracy theories now
1. it was made by IDF and the left to topple Bibi
2. it was made by Bibi to grab more power
mossad couldn't figure out october 7 and you're saying they can push a clown like udi to attack bitcoin?
don’t give up before asking users for payments directly. i would have paid
Ln wAs oVeRsOLd aNd nOw CtV iS
bitch, elon musk is overselling FSD since 2015. progress always comes with enthusiasm. it's not an excuse against good engineering