techfeudalist on Nostr: Please listen to Livera’s podcast with NVK. It’s not possible for everyone in the ...
Please listen to Livera’s podcast with NVK. It’s not possible for everyone in the world to have their own UTXO and use it for everyday transactions. It never was possible. This “dream” — that people have that everyone can be self sovereign — is sold by folks who are idealistic but haven’t done the math.
I would love it too if everyone could be self sovereign. It’s just that I understand the limitations and I’m not willing to chase an impossible dream and compromise the decentralization of the protocol.
If you disagree, do the math. Show me how everyone in the world can have their own UTXO and make everyday transactions on L1 with self sovereignty.
Our objective is to replace central banks. Unfortunately most people in the world will be using bitcoin ecash. It’s not true self sovereignty with their own UTXO but 1000x better than the current system where central bankers control our money and print it at will.
I would love it too if everyone could be self sovereign. It’s just that I understand the limitations and I’m not willing to chase an impossible dream and compromise the decentralization of the protocol.
If you disagree, do the math. Show me how everyone in the world can have their own UTXO and make everyday transactions on L1 with self sovereignty.
Our objective is to replace central banks. Unfortunately most people in the world will be using bitcoin ecash. It’s not true self sovereignty with their own UTXO but 1000x better than the current system where central bankers control our money and print it at will.
quoting note18w5…q4flNVK (npub1az9…m8y8) of Coinkite (npub1wu4…3vw0) on Bitcoin Ossification and Changes SLP582 rejoins me to talk about attitudes on Bitcoin development and consensus changes. We discuss how “ossification” is commonly thrown around, but maybe there is a better term.
https://www.youtube.com/watch?v=ccu6Chk3Xbg