I am now, selfishly, 100% FOR a #Bitcoin covenant soft-fork.
Why? Because we need to expand the number of people who can have UTXOs (covenants enable sharing).
Why expand? Because if we don’t, then people will use custodial alternatives (banks). We already see this starting.
So what? Banks (pegged shitcoins, eCash, etc.) WILL print in excess of reserves. This always happens.
Who cares? I do. Paper BTC dilutes the value of my Bitcoin. If you like NGU, you should care too.
Covenants => more key holders => less printing => higher value.
jimbocoin / jimbocoin 🃏
npub1v9q…9q3h
2024-04-05 14:56:50
Author Public Key
npub1v9qy0ry6uyh36z65pe790qrxfye84ydsgzc877armmwr2l9tpkjsdx9q3hPublished at
2024-04-05 14:56:50Event JSON
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"pubkey": "6140478c9ae12f1d0b540e7c57806649327a91b040b07f7ba3dedc357cab0da5",
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"tags": [],
"content": "I am now, selfishly, 100% FOR a #Bitcoin covenant soft-fork.\n\nWhy? Because we need to expand the number of people who can have UTXOs (covenants enable sharing).\n\nWhy expand? Because if we don’t, then people will use custodial alternatives (banks). We already see this starting.\n\nSo what? Banks (pegged shitcoins, eCash, etc.) WILL print in excess of reserves. This always happens.\n\nWho cares? I do. Paper BTC dilutes the value of my Bitcoin. If you like NGU, you should care too.\n\nCovenants =\u003e more key holders =\u003e less printing =\u003e higher value.",
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