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Luke de Wolf profile picture
Luke de Wolf
@lukedewolf

Author of Defending Bitcoin: Industrial Cybersecurity for the Monetary Grid.

Co-founder of BTC HEL
Co-author of Bitcoin: The Inverse of Clown World
Producer of the Bitcoin Infinity Show

npub1fk8h6g8zhftw8c7pga2zjd84p2z949up5lc3qdchm9v4m0q7mwws7jcwldnpub
[email protected]nip05
https://defendingbitcoin.com/website
[email protected]lnurl
Relays (12)
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Recent Notes

Pepe López · 1w
indeed nostr:nprofile1qqsymrmayr3t54hru0q5w4pfxn6s4pz6j7q60ugsxutajk2ahs0dh8gprpmhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0qy88wumn8ghj7mn0wvhxcmmv9ujpmey0 nostr:nprofile1qqs0m40g76hqmwqhhc9hrk3qfxxpsp5k3...
 Luke de Wolf profile picture
Luke de Wolf @lukedewolf
I mostly see Luke as committing to forking off to an altcoin if 110 doesn't work. That profoundly saddens me. This all-or-nothing talk is part of the problem.

I will be happy if 110 succeeds but I just don't see it happening. I believe now that the incentives are the inverse of what they should be. And the result will be that a large portion of the monetary maximalists leave Bitcoin. And maybe there's even a protracted chain split and a competing coin.

I can't support that outcome. Maybe I'm overvaluing the tail risk, but that's sort of my job. If I'm wrong, I'm wrong.

1
Pepe López · 1w
well hope bitcoin doesn't become scorched earth if it becomes ... core crashes to ashes, back fiat
Tauri · 1w
If you guys were firmly backing BIP110 the only support Core would be left with are scammers, grifters, degens, liars, low integrity devs and simpfluencers. Muddying the waters for plebs is what prevents BIP110 to have near unanimous support and the numbers are quite clear. nostr:nevent1qqs8ah2lgtzt...
Tauri · 1w
The vast majority of Bitcoin users use exchanges and custodial services to move coins. Even if they haven’t heard about BIP100, the custodians have and they have a responsibility to warn their users or outright not permit them to transact in case of a split. The rest of the Bitcoin users who pract...
Tauri · 1w
> Disruptions to the ability to use Bitcoin as money should be avoided One can make the case spammers have significantly disrupted the ability to use Bitcoin as money for the past 3.5 years. Maybe send your grievances to them instead?
TheKayman · 1w
Your response tacitly acknowledges that you think there should be no more forks / updates / fixes, and that bitcoin should ossify. Arbitrary data has definitely disrupted the usage of bitcoin as money over the last 3 years. Have you tried syncing a node recently on an older but still fairly capable...
Kyma Fi · 1w
lol 😂 let me guess… your gonna show us the non compliant transaction that two people on the network use… and pretend that’s a problem fuck off asshole
Luke de Wolf profile picture
Luke de Wolf @lukedewolf
No, idiot. A perfectly valid transaction could be mined by a non-110-signalling block and then it's in limbo. If it gets mined by the BIP-110 chain, it will be in a totally separate block with separate history, which may have downstream effects. But the BIP-110 side could also get RBF'd, permitting a double-spend.

Think things through before posting.
Guy Swann · 1w
“I haven’t even seen your book but I have a strong opinion about it” vibes for real 😂
DrDanielHodl · 1w
nostr:nprofile1qqsymrmayr3t54hru0q5w4pfxn6s4pz6j7q60ugsxutajk2ahs0dh8gpz9mhxue69uhkummnw3ezuamfdejj7qghwaehxw309aex2mrp0yh8qunfd4skctnwv46z76lawad Great discussion with nostr:nprofile1qqstnem9g6aqv3tw...
 Luke de Wolf profile picture
Luke de Wolf @lukedewolf
Thanks for the feedback! I'm actively considering my position on BIP-110. If forced to pick between "pro" and "anti", I'm currently "anti", but there's a lot more nuance. I'm mostly focusing on the downside tail risks. Maybe I'm overweighting that scenario.
❤️1
Kyma Fi · 1w
lol 😂 let me guess… your gonna show us the non compliant transaction that two people on the network use… and pretend that’s a problem fuck off asshole
Tauri · 1w
This could easily be avoided by not being stupid. Everyone knows you should refrain from transacting while a split is resolved. These marginal risks are present with any fork. Does this mean we should not upgrade Bitcoin and ossify?