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had the opportunity to test my treasure map this week, was very, very scary, had to implement a very specific technical workaround... simplifying now... to new bitcoiners, make sure your heirs, beneficiaries can really simply get and secure and spend your sats, test thoroughly @Jameson Lopp thank you!
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.
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?