SHOULD BITCOIN OSSIFY?
Bitcoin expert Jameson Lopp joins Danny Knowles to discuss Bitcoin’s future, self-custody risks, and the rise of physical attacks on Bitcoiners.
Summary of key insights: 🧵👇
1/ Ossification: Inevitable or Risky?
Lopp sees Bitcoin ossification as inevitable—but warns against halting innovation too soon. If we stop improving Bitcoin now, are we setting ourselves up for future failure?
2/ The Self-Custody Dilemma 🔑
Most Bitcoiners aren’t prepared for self-custody risks. Without proper UX and education, weak security setups can lead to lost or stolen coins. Should more Bitcoiners use custody services instead?
3/ The Rise of Physical Attacks 🏴☠️
Lopp tracks wrench attacks on Bitcoin holders—& they’re increasing. Criminals are targeting known Bitcoiners, often using on-chain analysis to estimate their holdings. Privacy matters more than ever.
4/ Should Bitcoin Scale Now?
Empty mempools today don’t mean we won’t face congestion later. Lopp argues scaling solutions should be discussed before Bitcoin reaches breaking points. Otherwise, we risk losing users to other chains.
5/ The Institutional & Nation-State Impact
As Bitcoin adoption grows, institutions & nation-states could shape its governance. If Bitcoin becomes a strategic reserve, could protocol upgrades become a national security issue?
7/ What’s Next?
Should Bitcoin prioritize ossification or innovation?
Read our full summary at Edge21 Newsfeed & stay ahead of the most critical debates shaping Bitcoin’s future.
1/ Ossification: Inevitable or Risky?
Lopp sees Bitcoin ossification as inevitable—but warns against halting innovation too soon. If we stop improving Bitcoin now, are we setting ourselves up for future failure?
2/ The Self-Custody Dilemma 🔑
Most Bitcoiners aren’t prepared for self-custody risks. Without proper UX and education, weak security setups can lead to lost or stolen coins. Should more Bitcoiners use custody services instead?
3/ The Rise of Physical Attacks 🏴☠️
Lopp tracks wrench attacks on Bitcoin holders—& they’re increasing. Criminals are targeting known Bitcoiners, often using on-chain analysis to estimate their holdings. Privacy matters more than ever.
4/ Should Bitcoin Scale Now?
Empty mempools today don’t mean we won’t face congestion later. Lopp argues scaling solutions should be discussed before Bitcoin reaches breaking points. Otherwise, we risk losing users to other chains.
5/ The Institutional & Nation-State Impact
As Bitcoin adoption grows, institutions & nation-states could shape its governance. If Bitcoin becomes a strategic reserve, could protocol upgrades become a national security issue?
7/ What’s Next?
Should Bitcoin prioritize ossification or innovation?
Read our full summary at Edge21 Newsfeed & stay ahead of the most critical debates shaping Bitcoin’s future.