jimbocoin on Nostr: I’m a selfish #Bitcoin soft-fork supporter. I only support soft-forks that benefit ...
I’m a selfish #Bitcoin soft-fork supporter. I only support soft-forks that benefit me personally.
I supported SegWit because it improved scalability and privacy. Not just increasing block space, but denser use of block space—especially enabling Lightning.
I supported Taproot because it further improves density and also privacy. Taproot spending transactions reveal only the branch, not the whole script, which also enables vastly more complex scripts.
I OPPOSE Drivechains. No one has made a pitch that benefits me personally, and the risks of introducing a hash-based ownership model creates a new and possibly powerful mining centralization incentive.
I intend to support some from of covenant soft-fork because they will further densify use of block space. I just don’t know which of the competing proposals has the best risk/reward profile for me yet.
Published at
2024-01-10 17:38:20Event JSON
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"content": "I’m a selfish #Bitcoin soft-fork supporter. I only support soft-forks that benefit me personally.\n\nI supported SegWit because it improved scalability and privacy. Not just increasing block space, but denser use of block space—especially enabling Lightning.\n\nI supported Taproot because it further improves density and also privacy. Taproot spending transactions reveal only the branch, not the whole script, which also enables vastly more complex scripts.\n\nI OPPOSE Drivechains. No one has made a pitch that benefits me personally, and the risks of introducing a hash-based ownership model creates a new and possibly powerful mining centralization incentive.\n\nI intend to support some from of covenant soft-fork because they will further densify use of block space. I just don’t know which of the competing proposals has the best risk/reward profile for me yet.",
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