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Asaf Fulks
asaf@snort.social
npub1zete...n8ys
Law ⚖️ OC Recording 🍊 Bitcoin⚡Judaism ✡️
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Asaf Fulks 1 week ago
Grateful to share that I've been admitted pro hac vice to appear before the Circuit Court of the First Circuit, State of Hawaiʻi. Looking forward to the work ahead.
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Asaf Fulks 1 week ago
I wrote a paper on Bitcoin consensus changes. There's a whole process for proposing them, but nothing that says when one is actually ready to turn on: no required review period, no code bar, no agreed activation threshold. The paper lays out a standard for all of it. The sharpest claim in the paper is the risk math: how likely a permanent chain split is comes down almost entirely to how much hashrate enforces a new rule when it activates. Around 55% there's roughly a 30% chance the chain reverses settled payments. At 90% or higher it basically vanishes. It's up on Stacker News. Pull it apart: https://stacker.news/items/1514481/r/asaffulks
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Asaf Fulks 2 weeks ago
Consensus Change Standards — my legal and technical framework for Bitcoin protocol governance — is out in a Fourth Edition. It's a 20-point scorecard for whether a proposed change to Bitcoin's rules is ready to activate, plus the legal exposure a rushed one can create. A few key changes this edition: • A two-page Summary for Policymakers up front • SegWit2x added as a third scored example, alongside Taproot and BIP-110 • Chain-split risk tied to the standard math — a computable cliff • Expanded legal analysis under California law (developer and mining-pool-operator duties) Free PDF, 98 pages: image https://github.com/asaffulks/consensus-change-standards/raw/main/consensus_change_standards_v4.pdf
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Asaf Fulks 3 weeks ago
Not your keys, not your coins — and not your heirs' coins either, unless they can find the keys. A will doesn't solve it. "My family knows" doesn't solve it. It has to be documented: where the seed lives, the passphrase, the multisig config, and how your executor actually moves it. I'm a California attorney who runs a node, mines, and holds my own keys. I wrote a free Bitcoin Inheritance Kit to close that gap: • Custody audit checklist • Heir letter (plain English) • Digital asset memorandum (a real legal instrument) • Executor technical guide • Tax summary (stepped-up basis) • Shamir's Secret Sharing guide • Node & mining estate planning 8 editable docs. Free. No email, no paywall. If it's not documented, it's lost. (Educational, not legal advice; the legal template is California-drafted.)
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Asaf Fulks 0 months ago
Bitcoin has no formal standard for deciding whether a consensus change is ready to activate. Consensus Change Standards proposes one — a 20-criterion readiness scorecard across proposal quality, code quality, activation safety, and community process. Scored against three proposals: Taproot — 17/17 applicable. Green. Activated November 2021 after nearly four years of review; no chain split. BIP-110 — 3/20. Red. A 55% threshold and roughly six weeks from proposal to activation client. SegWit2x — ≈6/17. Red. The 2017 block-size hard fork backed by miners and major exchanges, withdrawn for lack of consensus. The scorecard measures how a change was advanced, not whether it should be — the same standards apply to any proposal, in either direction. It flags the restriction and the expansion alike. "Six weeks is not a review period. It is a rush to deployment." "Fortune is not a governance strategy." Third Edition. A legal and technical framework for Bitcoin protocol governance. image https://github.com/asaffulks/consensus-change-standards/raw/main/consensus_change_standards_v3.1.pdf