btconboard #LNHANCE or #CTV's avatar
btconboard #LNHANCE or #CTV
btconboard@primal.net
npub15ssy...l6uv
All views are my own. Tech finance manager, Bitcoin believer.
If you have ever visited a pornographic website in your entire life then your computer has downloaded illegal content. Thank you for your attention to this matter.
A Bitcoin fork succeeds or dies by how much money is put on the line. The economic majority win. If you won’t put money on the line you fail. #forkwars
Currently Lightspark is publishing the entire Spark state chain tree, making everything effectively public but pseudonymous (think similar to onchain BTC). This ensures unilateral exit in a simple naive way, but is horrible for privacy. View quoted note β†’
ALLEGEDLY: Worth reading in full, Lava a Bitcoin loans company claiming to use self custody on chain DLCs with collateral in a unique address was able to push a forced upgrade that converted the product to fully custodial with no information on how collateral is held of proof it even exists, effectively seizing the collateral in violation of their own term of service and which they claimed was impossible. Seems like they may have never used DLCs or they did and they controlled the oracle giving them custodial like control even if you had a key. I know linking to X is taboo, but this is important and worth reading in full. Unless something is open or at least viewable source it isn’t self custody. Be extra careful with loans, start small, and probably only use loans that are either multisig or DLCs with a verifiably third party custodian.
The fact that you can still 10x+ your money if you believe BIP 444 will activate, and almost no one is doing it tells you all you need to know. image
If you are supporting a BIP it’s important to realize you are, by default, out of consensus. You want the Bitcoin network to change what is considered a valid transaction. This is not inherently good or bad, for instance I want OP-CTV to be added. But you must recognize that until if/when an economic supermajority of the Bitcoin network adopt your Bitcoin, you remain out of consensus. No one has to go along with you. It’s all voluntary.
GM! Hearing a technically illiterate podcaster’s story about bitcoin isn’t learning how it works. It’s regurgitating a story. Bitcoin isn’t some sixth grade history class. You have to learn and digest new and often complex ideas over time. It’s hard and humbling, but worth the effort. Otherwise you end up losing coins from panic selling, forks, etc because you never had true conviction. You just had a story you liked that wasn’t ever true.
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