🧵 Bitcoin Upgrade History — and why it evolves so slowly 1️⃣ 2009: Bitcoin goes live The genesis block is mined by Satoshi Nakamoto. Core ideas: •Decentralization •Proof of Work •Immutable ledger 👉 The goal was never speed — it was independence from trust. ⸻ 2️⃣ 2010–2014: Survival mode •Critical bugs fixed (one nearly caused infinite BTC issuance) •No roadmap, no VC funding, no marketing 👉 At this stage: staying alive = success ⸻ 3️⃣ 2015–2017: The scaling wars •1MB blocks → congestion → high fees •Community split: •Bigger blocks •Or preserve decentralization ⸻ 4️⃣ 2017: SegWit •Activated via soft fork •Fixed transaction malleability •Effective block size increase •Enabled Layer-2 systems 👉 Bitcoin chose slow + conservative Those who disagreed forked → BCH ⸻ 5️⃣ 2018–2020: Lightning Network •Layer 1 = settlement •Layer 2 = payments •Fast, cheap, off-chain 👉 Strategy shift: Don’t scale L1 like an app ⸻ 6️⃣ 2021: Taproot •Schnorr signatures •MAST •Better privacy & scripting 👉 Single-sig, multi-sig, smart conditions all look the same on-chain ⸻ 7️⃣ 2023: Ordinals / Inscriptions •Images, data, tokens written into sats •Fees rise, miners earn more •Highly controversial 👉 Key truth: If the protocol allows it, it’s not a bug ⸻ 8️⃣ Bitcoin’s upgrade philosophy •Extremely slow •Extremely conservative •Mostly soft forks •No DeFi, no high TPS race 👉 Bitcoin is not an app 👉 It’s a global value settlement consensus ⸻ 9️⃣ One-line takeaway Ethereum evolves like an operating system Bitcoin evolves like a mathematical theorem Once proven, you don’t change it often.

Bitcoin is Truth ⚡

The rush to make some quick fix to appease the Quantum Panicoooors feels reminiscent of the Big Blockers and their urgency to scale Bitcoin. If investors are scared, that’s their problem and their loss. More sats for the rest of us that understand how Bitcoin actually works.

Hal Finney on the importance of the 21 million #Bitcoin supply limit.

The perfect Bitcoin illustration.

Bitcoin has never been this undervalued against global liquidity

Bitcoin remains in by far the healthiest and most sustainable bull market to date. In retrospect, it will be so obvious that this is the case.

SATOSHI NAKAMOTO: “I actually did this kind of backwards. I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper.” #Bitcoin

⚡️ADAM BACK: "Pro-tip for quantum FUD promoters. Bitcoin does not use encryption. Get your basics right or it's a tell."

"Bitcoin isn't physical!" Neither is your credit score, your mortgage, or the $7 trillion the Fed printed in 2020. But you believe in those. Money is a mental construct. Always has been. Bitcoin is just the first version that can't be diluted by committee.

MARK MOSS: "I think Bitcoin is doing a better job educating people than universities today." 💯

Stack enough Bitcoin before your job gets replaced by AI.

Don’t fight the BOJ: -ve real rates is the explicit policy. $JPY to 200, and $BTC to a milly.

some people make snow angels, we try to do something a little different ☃️