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!).
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!).
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