Oh go eat a dick and don't fucking that lecture me.

Just make sure nobody steals your mushroom garden gnome!

Maybe the way to start is to upgrade your security such that you are personally not concerned about the relevant risks. Such as using multi location multi-sig. Which counters kidnapping. And always signaling that you are not rich or anything.

Or start a financial education. Financial literacy meetup and simply have an active Bitcoin dimension.

Finally if your location is so insecure that this is not possible. Then maybe you are due for a town upgrade.

Well the whole fork drama of 2017 was a miner lead soft fork essentially that was challenged by a user activated soft fork. What that means is that on paper 90% of the hashing power by mining pool supported segwit 2x. And it was opposed by a grassroots and very loud user movement that would block the transmission of any segwit 2x blocks.

Miners had a lot of potential revenue on the table that could be lost within the days in which that would be resolved. Users (holders) on the other hand could sustain such a consensus crisis for weeks. But don't think the solution was easy this was very chaotic and we don't know what would have happened if the mining pools had not folded early.

On the Bitcoin cash front it was a minor-led hard fork. It was the signed by bitmain. and they changed the difficulty algorithm in order to keep the chain alive because they knew they had a minority. But if they believed they had a majority of hashing power they could have basically forked the network and taking the hashing power. It would have been a much different situation.

Without consensus from the user base it could lead to multiple versions of Bitcoin and if the one we like has less hashing power then a lesser version it could be very chaotic. Eventually you might settle on the markets. Exchanges will have to choose which fork has which ticker. And the price would swing wildly.

Finally if the miner lead Hard fork or soft fork won both the ticker and the majority of the hashing power, and hodlers tolerated it. Then it would set a precedent for miners to lead upgrades. This could lead to a whole new development path for Bitcoin one where miners upgraded in whatever direction increase their profitability or perceived profitability. They're economic incentives are historically different than that of hodlers. The assumptions that the market has of bitcoins stability would be significantly changed. We don't know what that roadmap looks like. We do know that it could lead to mev as well, miner extracted value which leads to centralization of pools as seen in other chains.

Basically there is a long list of unknowns and it would probably change a lot of assumptions in bitcoin. Destroying bitcoins lead is probably not off the table.

The good news is I don't think it has any consensus among holders.

You don't think miners are powerful enough?

I don't think a miner activated soft fork is a good idea at all.

You'd known this if you'd studied or paid attention last time around.

Breaking the veil from the flat Earth to the round astronomical understanding of the universe.

People understand the difference between a million dollars and a penny.

I think they can understand the difference between a Bitcoin and a Satoshi.

sounds terribly dangerous.

Hey, yeah I don't think you need to be telling everybody what your DNS payment address is. I'm doing it for the lols and to spread the word. But I could just as easily have another one that's private for friends and family etc. And the cool thing is if you notice with the Phoenix ux, it feels like you're accessing an address book or a contact list. That is the ux that is on The cutting Edge of payments apps. That is the best ux I've seen in payments yet in other apps as well.

Right, that is the cool thing. You can use your own domain. And you use a feature called DNS sec to lock it in more apparently. Though I don't really understand it very well. But I think you're critique is actually on point anyway because most people probably won't use their own domain so use a service provider some third party. But perhaps there's some technologies that we can develop now to lock those in further as well.

so it's the bolt 12 invoice. but you can have a heirarchy of options afaik. check the bip.

yeah, they will, or they will stay behind. this is a major UX breakthrough imo.

My dude. the domains is mine. tips@juangalt.com. this isnt lightning url.

The only way I could see it being better is if it was on a DNS system that was actually distributed rather than what we have today. Such a system does exist but it also has its trade-offs. And zero adoption. So as far as I can tell this is the best we're going to get for a long time.

One benefit I forgot to mention is you can create a hierarchy of different methods of payments on their this protocol and various wallets can choose their preferred form of payment from that list. So we can support legacy, segwit, etc etc etc and while it's getting intelligently route to the optimal payment option.

This is in my opinion a game changer, especially the contacts style user experience that it enables.

Cool! Didn't know SN had rev share. Thanks!