Bitcoin is hard to change. That's a feature not a bug. Adding new rules by fiat and the cover of good intentions just doesn’t work.
If you want to see bitcoin used as money, use the damn thing as...
3 major incursions on the protocol have left us with a wide open vulnerability that leads to issues for lightning/ark and quantum vulnerability. and honestly, there is two major issues that never have been addressed, and you can verify this easily (try your clanker):
- the checkpoint system is centralised and people who decide what the best chain checkpoints are, are people
- the difficulty adjustment is primitive, and is why bip-110 could not go forward, if it activated on 3% hashrate the side chain it would create would have not reached difficulty adjustment window for 466 days
these two issues need to be addressed and both require a hardfork.
a hard fork does not need to strand anyone's utxos, and will be able to gradually acquire its own distinctive economics via block rewards, and if a VDF or similar anti-reorg attack measure is included, it's got everything, assuming the difficulty adjustment is fixed so a minority chain is invulnerable to big empty block miner attacks.
just so happens i'm working hard on defining such a thing and implementing it soon. testnet will be running in the next week.
- the checkpoint system is centralised and people who decide what the best chain checkpoints are, are people
- the difficulty adjustment is primitive, and is why bip-110 could not go forward, if it activated on 3% hashrate the side chain it would create would have not reached difficulty adjustment window for 466 days
these two issues need to be addressed and both require a hardfork.
a hard fork does not need to strand anyone's utxos, and will be able to gradually acquire its own distinctive economics via block rewards, and if a VDF or similar anti-reorg attack measure is included, it's got everything, assuming the difficulty adjustment is fixed so a minority chain is invulnerable to big empty block miner attacks.
just so happens i'm working hard on defining such a thing and implementing it soon. testnet will be running in the next week.
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