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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Replies (6)
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.
High signal 👍🏻👍🏻
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.
Looking forward to this one. Had to go back to the Alex Leishman interview you mentioned at the start.
That one was a bit of a hot take.
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?
Hi my name is Jameson, and I'm here to fix things 🤞