Being For or Against Ossification of the Bitcoin Protocol!

20/06/2024 8 min Temporada 2 Episodio 9
Being For or Against Ossification of the Bitcoin Protocol!

Listen "Being For or Against Ossification of the Bitcoin Protocol! "

Episode Synopsis

Hey SatsCrew, There is a famous saying "To improve is to change to be perfect is to change often". This saying is by Winston Churchill, and while I strongly believe it applies to many tech startups around the world, I don't think it applies to Bitcoin. It is of great importance to calculate the change made, and that the change is slow. On higher levels of Bitcoin fast change is okay, but on the base layer - we won't slow change as we want to preserve the value to the best of our abilities. In today's podcast, I visit several important topics like: Why for ossification, what are the benefits? Slow and steady Downsides of ossification? How about the benefits of changing the base layer incrementallyThe need for scaling to be supported by allExamples of people leftHigher layers of bitcoinMiddle-of-the-road approachCareful thoughtful evolution with shared consensus Thorough testing in testnetThe natural order of events with Bitcoin will lean towards ossificationIt is important for bitcoiners, and people everywhere to keep an open mind, be thorough, and think over the long termUnintended consequences of changes as wellAre you for, against, or neutral regarding the ossification of the protocol? Do you think we may see another hard or soft fork sometime in the future? I'd love to hear everyone's thoughts - and thanks for tuning in! Best Regards, SatsMateSupport Me:  https://storm.pub/Youtube Channel: SatsMateReferral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMatePrimary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.https://use.foldapp.com/r/HTFKVY9LBrowser Extension Slice: Earn Satoshis for ads and surveys you browse.https://addslice.com/?crew=f5n2V5EILolli Rewards: Earn sats by using a linked card at participating vendors https://lolli.com/share/PQFAMMhttps://zbd.gg/GalmaDuFria This is my personal QR code. It allows anyone to send me Bitcoin and messages directly to my ZEBEDEE. lnurl1dp68gurn8ghj7ctsdyh85etzv4jx2efwd9hj7a3s9aex2ut4v4ehgttnw3shg6tr943ksctjvajhxtmpxuurjcmxxvuz6wf58q6z6drpv5uj6c3jvy6z6epexe3ryd3kxe3kvcnr7y2uzjFinancial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investmentSend us a textSupport the showYoutube: SatsMateX: SatsMateInstagram: SatsMateswebsite: https://satsmate.wordpress.com/

More episodes of the podcast The SatsMate Stack