Bitcoin has PoW, and open permissionless set of block producers, but if we had 50000 banks backed by Bitcoin, each with permissionless Lateral exit from one bank to another, and proof of reserves enforced on Bitcoin, this is a future that is of course scalable, but also more private and not at all obvious if it is any less sovereign than L1 ... Yes there are caveats, but sovereignity on Bitcoin has plenty of caveats too.

Filter people want compliant Bitcoin nodes ... I wonder how long before KYC is part of Knots consensus. View quoted note →

I agree with this, everyone should be free to filter and boost what they want... However the solution is to get Core to finish their consensus library so people can implement as many clients and even as many relay networks as they want, safely. Core centralisation is causing too much headache at this point. View quoted note →

Some Bitcoiners are living in this imaginary world where the government is more likely to put them in jail for relaying bytes they don't even decode, than money transmission that they actually parse and validate but don't KYC... What governments are you living under folks?? View quoted note →

Any popular Torrent file may contain CSAM, and it would be cheaper to put illegal content in a pirated game than to put it on the Blockchain, and you would have just as much data availability... Bitcoin is not magically more available than any other p2p replicated data!! View quoted note →

So instead of extracting the consensus out of Core so we can have permissionless clients, we have to all switch to a new client, and presumably even abandon any alternative implementation because it might not be filtering hard enough... That is quite the ask! View quoted note →