If you self custody any chain fork doubles your stack. You now hold coins on both chains. You can sell the bad fork and buy more of the good fork without any fiat input.
Of course choose wisely, previous failed forks are all down 90%+ last I looked.
If you have custodial bitcoin you are at the whim of the custodian. You may not get to choose which chain you follow. You may not get to ever access the other chain, the custodian could just pocket it.
Yet another reason to self custody.
Bill Cypher
bill@nostrplebs.com
npub1qyxl...mu7u
Says the man who lost over 100 Bitcoin due to not following self custody best practices.
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The new versions of books like Inventing Bitcoin and Mastering Bitcoin to cover BIP 444 are going to be long as fuck with all the places they'll have to add "as long as Luke approves it"
#Wordle 1,593 4/6
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#Connections
Puzzle #871
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They really called their proposal to grant themselves the power to undo bitcoin transactions a "soft fork" and I haven't seen a single person point out the obvious yet.
They are fucking liars. Are you going to continue to trust people who lied to you like that?
Will not live in a pod.
Will not eat ze bugs.
Will not roll back the chain.
I wonder if the people who accused me of spreading fake news when @The Rage broke the story that Luke wanted to fork will be stopping by to apologise?
There has been spam and shitcoining on Bitcoins L1 for many years. That has never been the thing that made Bitcoin not ETH.
The DAO hack rollback of eth compared to the finality of bitcoin IS one of the things that made an important difference.
If we remove transaction finality and allow rollbacks when some special board doesn't like a transaction, that is a core value of bitcoin destroyed.
TLDR, can't wait to dump my Luke Coin the second it is tried.
Remember when knots people were all up in arms about core being misleading about who was behind specific changes?
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Got an orbic rc400 for #rayhunter
Anyone able to recommend a physical sim provider for it? It looks like the rc400 does not support eSIM so I will need a physical sim.
Everyone has a test environment. A lucky few have a separate prod environment.
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