A different chain sharing a near-identical codebase (with a different genesis) is possible but Bitcoin is much more than that now. The hash power that has been put into the mainchain can't easily be replicated.

A competitor starting from scratch would have to either choose a new POW algorithm or be at the mercy of attacks from miners on the mainchain, assuming there is liquidity in the competing market. And when I say liquidity I mean a market for local currencies since miners have expenses that can't yet be paid for in Bitcoin.

An alternative to that happening is the case where a majority of miners switch to the competing chain, but that's unlikely for a number of reasons. First, why would a majority of miners leave the mainchain to pursue a competing chain with no liquidity? Following that line of logic, why would Bitcoin holders leave the mainchain for one that offers no added benefit? A majority of miners still don't equal the sum that were on the mainchain so the reliability of each transaction would be reduced.

Now if we're discussing hard forks, there's another set of reasons why they're not successful. All of them start with the fact that the changes made are not desired or needed (as indicated by the market of existing hard forks).

I have a talk inspired by the one mentioned in the linked article if anyone’s interested. It’s about wallet fingerprinting using feerates:

It’s a link from beehiiv, a mailing list platform I use, so it’s probably just copied from their newsletter. It goes through a beehiiv link first to give stats to the creator

The entire appeal of an inscription is having the data on-chain. Any other minting process would be unappealing by the nature of the proposed value-add to those in the NFT community. on-chain aren’t as big a deal for me since they are just low value transactions that help pay miners.

The Lightning Network also can’t facilitate this transfer because the Lightning Network does not treat UTXOs as non-fungible. The party you are exchanging sats with does not have to be a channel partner and a channel close would leave the inscription trade without the proper UTXO. A new system can probably be devised to combat this but I haven’t heard any proposals yet.

He’s not wrong, you’re just missing the point. He didn’t say the web, he said the internet. And the internet as “we” tech people know it as the beginning of the UDP, TCP/IP network.

Bitcoin to “we” Bitcoiners know it as a system where transactions are committed onto the base blockchain but who knows what the “web moment” looks like for Bitcoin. One thing is for sure, we can’t scale to global adoption without L2s in place and I’m sure the “web” moment will be some mix between a series of catastrophic financial event and a killer app (running on an L2 under the hood) ready to onboard the next billion users

This is a scam and whatever application they’re running has no real integration with Bitcoin. The tweet says they wrote uniswap’s bytecode to the Bitcoin blockchain as an inscription, as if that would mean anything on Bitcoin… If that’s not a red flag then I don’t know what is.

If you need any more assurances it’s a scam, after digging through their websites (trustless.market, trustlessfaucet.io, and trustless.computer) I was able to find their Github organization (https://github.com/trustlesscomputer) and took a look through their “tc-sdk” (https://github.com/TrustlessComputer/tc-sdk)

Just take a look here: https://github.com/TrustlessComputer/tc-sdk/blob/master/src/wallet/call.ts#L22

Their wallet sdk “signs” a transaction by making a web request to “trustlesswallet.io” with query parameter “function” that’s set to the value “sign”.

Don’t even get me started on their “bitcoin” folder which is just a clone of https://github.com/generative-xyz/generative-sdk/tree/main/src/bitcoin

These satire articles have been getting pretty popular lately. The ‘Craig Wright Sues Epstein Estate For "Redacting His Name" Off Flight Logs’ one was hilarious 😂

“But I can't shake the feeling that the video was posted unironically, not because Riot Platforms believes any of that nonsense, but because it wants to take advantage of viewers who don't know any better.”

“he felt the bitcoin mining industry was being unfairly singled out for its grotesque, rapacious, and utterly pointless abuse of the power grid”

The whole article was made with bad faith assumptions

It's the transaction id followed by 'i' and the output index (0): https://ordinals.com/inscription/79b91e594c03c8f06d70c44a288a88a413c540abca007829ca119686a7f979dai0

This was worth $18k to them I guess 😂

" able to gather what you type even if the danger site is merely tabbed away"

What vulnerability allows an inactive tab to gather what's typed outside of its context?

There are many vulnerabilities on the web but most big browsers have pretty good sandboxing with regard to tabs.

This reminds me of the approach taken for 'journeys' when looking through Google Chrome's history page. Instead of showing you individual links of all the pages you visited, it shows you groups of visited pages categorized by topic and time. It's nice to see good UX ideas propagate to the Bitcoin space