Damus
waxwing profile picture
waxwing
@waxwing
To @Jameson Lopp and @Matt Corallo and other people that are advocating for coin freezing as a possibility: the responses in this thread I think provide a really useful window on the user level perspective. It seems like more than half of the responses to this Arbitrum tweet are saying "shucks, I guess we only have bitcoin to rely on not to freeze funds", e.g. a typical response is "Cash under your mattress and bitcoin are the only truly decentralized things" or the most apposite: "Well, bitcoin has no "security council" .. and I'm happy for it". But if you keep reading the replies you'll eventually find one that says "even in bitcoin they talk about freezing funds for whatever reason. Only left is monero then?"

https://x.com/arbitrum/status/2046435443680346189?t=NN-wAuSW8rv69Yziba2R4w&s=19

I know that a decentralized system can't depend on goodwill, and everyone is always free to propose whatever the hell they want, but what things like bip361 are proposing is "let's completely destroy bitcoin" - because you're proposing replacing it with something that has a "security council". Users of bitcoin absolutely don't want that thing as the thread above illustrates, it's *the only thing that makes bitcoin valuable*. I honestly think even the discussion so far, because it has included a lot of influential devs (and not just a lot of suits who we are used to ignoring) has already damaged bitcoin's value (sorry don't mean to sound histrionic, lol, but I really do; it's a new threat vector that some of bitcoin's devs are proposing to destroy it!).
224❀️11❀️2πŸ‘€1πŸ‘1πŸ’―1πŸ€”1
Tracking Token Disrespector · 2w
πŸ€– Tracking strings detected and removed! πŸ”— Clean URL(s): https://x.com/arbitrum/status/2046435443680346189 ❌ Removed parts: ?t=NN-wAuSW8rv69Yziba2R4w&s=19
Deleted Account · 2w
They know this and don’t care.
nostrich · 2w
Yes. Also imagine a Cryptographically Relevant Quantum Computers (CRQC) cleaning up the UTXO set from fake public keys : ) (its from the link below) I am sure there will be a number of intelligent ideas on how to resolve this issue with current very very low probability in appropriate cypherpunk way...
Leo Wandersleb · 2w
Without reading the details of the Arbitrarium case, how does "council decided ... to award confiscated coins to other people than the recipients according to protocol rules" have anything to do with a Bitcoin fork where every user can follow the fork or not ... or both ... at their own discretion? ...
Jameson Lopp · 2w
There's only one way to find out what Bitcoin users actually want πŸ˜‰
captjack πŸ΄β€β˜ οΈβœ¨πŸ’œ · 2w
freezing contract address EVM chain like push a button utxo node that is not easy without hardfork
Kayne · 2w
Jameson slopp needs to shut the fuck and and y'all need to stop taking him seriously. He's a retard and probably a pedophile. (If not a pedo why the fuck would he be trying to turn Bitcoin into childporn hosting?) Stop platforming him
Matt Corallo · 1w
People are going to say what they say. They might also reasonably say that cause Mark Karpeles was proposing a fork to reclaim the mtgox funds. But as much as you try to argue these are similar situations, they’re just really not? Fundamentally, in a world where a CRQC exists and more will later,...