Thoughts on BIP-361?:
- I know folks don't like it. I don't like it myself. I wrote it because I like the alternative even less.
- It isn't a spec, nor is it proposed for activation. It's a rough idea for a contingency plan that needs more R&D.
- I hope it never needs to be considered for adoption.
- Ultimately, my thesis is that in the face of existential threat, individual economic incentives outweigh philosophical principles.
Its a psyop by Loop to get P2PK hodlers to move their ucking funds.