@uvas23 That's true. As have I. Some users only have 1-2 UTXOs. But do you really think there are 80 million people who hold their own keys in a bitcoin wallet? That feels too high to me.
I don't care if people are inscribing, stamping, engraving or carving things into the bitcoin blockchain. No one is using the chain. Carve away!
UTXO set size is 165M at last count. 10 UTXOs for each real user gives you ~17M users at most.
FWIW: IBD is a red herring. It is not that hard to sync a node!
Just let people who wish to pay the fees put valid entries on the ledger if they want.
“No man has the right to be an amateur in the matter of physical training. It is a shame for a man to grow old without seeing the beauty and strength of which his body is capable.”
― Socrates
I suspect a lot of this is downstream of the US DoJ prosecuting open source developers on the theory that they're culpable for other people misusing the code they published (Samourai Wallet, Tornado Cash).
I don't think freedom technologies, principally crypto, can flourish without the US guarding Internet Freedoms and the First Amendment.
To put into perspective how authoritarian the DoJ's treatment of Samourai/TC are: they could just as easily argue that the developers of the MetaMask wallet are running a money laundering service because criminals used the wallet to launder money. Everyone who builds in the crypto space is potentially liable under this new doctrine, which essentially turns "developer of user-controlled software" into "operator of a financial service" based on generic protocol-team activity.
2000-2010: The high-value skill was engineering.
Google
Facebook
2010-2020: The high-value skill was design.
Airbnb
Apple
2020-2030: In the age of AI, the high-value skill is vision.
Anyone can build anything. The best ideas will win. Exciting.
Plot twist from the ECB: the world's biggest gold buyer in 2025 was @Tether, not a central bank.
We called it "the world's newest central bank isn't a central bank." Our @TetherGold chapter + @izakaminska's interview with @JuanSartoriUY is one of my favourites in #IGWT26.
https://t.co/Z69tIT4P0U
Gradually, then suddenly. 🥇
Early on in my Bitcoin journey, @egg_descrambler's book, The Book of Satoshi, was among the most formative and helpful sources of insight into how bitcoin was designed and how Satoshi himself thought about it. I still have my original copy and the newer 2nd edition copy as well.
“Non-custodial” is not a security model on Lightning.
Because signing must be online, the real question is:
If your node is compromised, what can the attacker do?
Maybe Telegram is allowed to exist and operate in its current form only on the condition they don't enable e2e encryption by default? Popular unencrypted messaging app is a convenient honeypot for intelligence agencies.
I don't know the solution to low on-chain bitcoin usage & low fees. I want the chain to be used, for sure. I want bitcoin to enable freedom for people. But I certainly don't think censoring the more creative/speculative uses of the chain is helpful for adoption.