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100 sats \ 4 replies \ @justin_shocknet 4h \ parent \ on: Sunday Survey: Was Taproot a good thing for Bitcoin? bitcoin
Activated too soon AND still no compelling use-case or adoption... that's a failure along the same axis
The the proof-of-vulnerability is that it was activated at all... The one covenants are now attempting to exploit
I'm not a fan of the speedy trial thing, if that's what you mean with vulnerability. It puts pressure on people to make a decision quickly and that's not what Bitcoin imho should be about. Slow and steady - there was no need to rush, and it would have been totally fine if it would have activated later without rush.
I wonder though: will mining pools champion L1 purity? I don't really expect them to.
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More the general mind virus imo but yea speedy trial is part of that
Yea miners are not a last line of defense, if anything they're more of a liability, high time preference can easily manifest itself there due to the economics. Stupidity is a given, Bitcoin only works because an overwhelming majority of them have to be stupid all at the same time to fuck it up.
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Unfortunately bip-8
lockinontimeout is the protocol upgradoors wet dream because now you can speedy trial with a preset outcome unless someone does uasf. That stacks all the chips in favor of the smart contract pushing dev.If I look at the "arguments for" covenants the other day, its basically "but some BTC is locked up by bitgo to be used on Ethereum." Its like proposing that every dollar bill needs a gambling chip in it because there's so much laying around casino vaults.
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Yea proponents should do more write-ups like that so people can see how retarded they are and track the narrative pivots over time... Sunlight is the best disinfectant
Just months ago it was a scaling solution
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