reply on: What's a good stopping point? Making the case for the capabilities of CTV+CSFS \ stacker news ~bitcoin

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100 sats \ 1 reply \ @SimpleStacker 18h \ on: What's a good stopping point? Making the case for the capabilities of CTV+CSFS bitcoin

I thought the first response was interesting

We can consider narrower commitment combinations once we establish that broad commitments are a success for bitcoin. I reject the assumption some have that narrower commitment combinations might have more market demand than broader combinations, and that such assumptions might be an adequate reason to move forward with alternative proposals.

I think I agree that broader commitments will likely have more market demand than narrower commitments, but they also have larger risks. So it's kinda like two sides of the equation, the demand side and the cost/risk side and I think Poinsot is going for a minimalistic risk/cost approach here.

100 sats \ 0 replies \ @freetx 6h

My intuition is that its all about risk/reward, and I think there is huge asymmetry there which is unlikely to be satisfied.

Suppose there was a button on the wall and when you pressed it it dropped 15 potato chips out of it. Only issue is that randomly, one out of every 1000 potato chips was poisoned. The poisoned chip was impossible to tell from the regular: same taste, smell, shape...only it killed you immediately. Would you press the button?

The point being that even very small incidence of risk can become unacceptable if the outcome is dire enough. Thats basically how I feel about Bitcoin change proposals.

Not sure I would say I think the outcomes are as dire as "bitcoin dies", but simply the risk of something serious going wrong is more worrying than the promise of the cool-thing offered.

The risk doesn't even need to be "some serious bug is introduced". The risk could simply be the resulting fight itself. Imagine a world where 25% of network refuses to run new Bitcoin core CTV+ code and runs pre-CTV "knots" (or whatever) code. Imagine its a big public fight....is that worth it? Would you run "covenant code" to pass your bitcoin down to your heirs if you felt like 25% of the current miners -- and perhaps more future miners -- may refuse to process your transaction?