pull down to refresh
280 sats \ 4 replies \ @siggy47 3 Nov
reply
43 sats \ 3 replies \ @0xbitcoiner 3 Nov
From an economic standpoint, what does this mean? biggest Bitcoin holders? Could it be that people will align themselves with the largest entities rather than focusing on the hash rate? ... BRbitcoin ?
reply
33 sats \ 2 replies \ @k00b OP 3 Nov
People accepting bitcoin for payments, typically merchants.
reply
0 sats \ 1 reply \ @0xbitcoiner 3 Nov
Could lopp be referring to lucrative mining operations?
reply
109 sats \ 0 replies \ @k00b OP 3 Nov
I don't think so. This is a very common phrase used to describe where consensus decisions matter. Regardless of what miners want, your bitcoin fork coin is worthless if no one is willing to accept it in exchange for goods, services, and more commonly these days, fiat.
This is why bitcoin only scaling in a custodial manner is dangerous. If it only scales in a custodial manner, the future of the protocol will be decided by custodians, bitcoin banks.
It's also why bitcoiners who don't run nodes are slowly eroding their savings, their opportunity to participate in consensus that might affect their savings.
reply
260 sats \ 4 replies \ @Aardvark 3 Nov
When I read article's like these, it makes me extremely comforted to know that I have very little to do with big picture decisions regarding Bitcoin.
Balancing Bitcoins ability to not be tampered with, along side the need for flexibility seems daunting, and I defiantly know enough to know I'm not the guy for that particular job.
reply
219 sats \ 3 replies \ @OT 4 Nov
There might come a time where we need to make a decision. Taking a side of a fork.
You're right as in there's so much to take in just to feel confident enough to have an opinion. I think we just need to keep learning, listen to different opinions on the matter and back whichever argument is the strongest.
reply
230 sats \ 0 replies \ @Aardvark 4 Nov
Yea, I'm doing my best to learn. I thought it had a pretty good grasp on bitcoin until I joined SN. I realize that I have quite a ways to go. Luckily, I do enjoy learning, so I'll just keep reading articles like these, and when I have questions, I just do a search, or ask someone.
reply
19 sats \ 1 reply \ @jgbtc 4 Nov
The nice thing about forks is that you start with both options and can wait as long as you want to see how it plays out before committing to one or the other, or just keep both indefinitely.
reply
13 sats \ 0 replies \ @OT 4 Nov
Yes.
You might lean one way or another, but it really takes balls to go 100% in one direction. Not even Roger Ver could do that.
If you are inclined towards a particular side you can start slow. Swap 5-10% of your stack to start with.
reply
42 sats \ 0 replies \ @teemupleb 3 Nov
Slow and steady
reply
33 sats \ 0 replies \ @Rothbardian_fanatic 3 Nov
I agree with this part of the article.
Who cares about protocol, the number of nodes or centralization if they leave their belongings laying around?
Only if you want to hodl your own belongings would you care about all these details.
It seems to me that even large hedge funds are leaving their belongings laying around on the platforms, lately.
Personally, I want my BTC in my own sweaty hands!!!!
reply
52 sats \ 0 replies \ @DarthCoin 3 Nov
reply
11 sats \ 0 replies \ @Rsync25 3 Nov
Ossification is the way in some point on Bitcoin
reply
21 sats \ 3 replies \ @Satosora 3 Nov
The only problem I am worried about is that if the blockchain forks too many times.
Then we would have endless supplies of different bitcoin.
It would be very hard to keep the trust of the community if it does this.
The "dont fix it if it aint broke" mentality is a good one, so far.
reply
103 sats \ 1 reply \ @Bell_curve 3 Nov
His response:
No one is pushing for hasty changes, nor can anyone make a serious argument that Bitcoin will "break" without a given feature. But what we can say is that the nature of how bitcoin is used will change. It has already changed significantly over the past 15 years.
reply
21 sats \ 0 replies \ @Satosora 3 Nov
I realize, but the guard eventually changes.
Will they have the same mindset as the previous guards?
reply
40 sats \ 0 replies \ @ChrisS 3 Nov
In an ideal scenario the upgrades would be done without forking the blockchain like was done with segwit and taproot.
reply