BITCOIN OSSIFICATION & THE INNOVATOR’S DILEMMA w/ @Jameson Lopp We discuss: - Physical attacks on bitcoiners - How to protect your Bitcoin - Ossification - The challenges with rough consensus

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npub1juus...kpd4 10 months ago
Doing great Danny. I do love your direct interview style. I also like that you let the guests speak more. Remind me a bit of how @preston does it. Also make sure you keep pressing on some points. Esp if the interviewee hasn't given a solid answer.
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Mindaugas 10 months ago
Great podcas @Danny Knowles and @Jameson Lopp. If we ossify now, censorship resistance and store of value (owning UTXOs) will be limited to a few. - If users cannot own UTXOs, they do not truly have self-sovereign wealth. - If they cannot open LN channels, they cannot transact cheaply without a third party. In my opinion, when considering any protocol updates, the priority should be scaling solutions that maximize UTXO ownership and non-custodial LN use. As Lopp well pointed out, email started decentralized, but reputation and UX barriers led to centralization. Could Bitcoin face the same fate if ossification happens prematurely? Is it already too late with institutional adoption and potential BSR coming? Which discussed BIPs still have a chance and should be prioritized before ossification? Honestly curious to hear thoughts.
prepare to jibe's avatar
prepare to jibe 10 months ago
Good episode. Consensus is tricky. It requires coordination, and centralization? If Danny can’t decide if a given BIP is a good idea, it will never happen. I mean, he lives this stuff. If he can’t make a call, how can anyone else ever get comfortable with it?