Oddbean new post about login | logout Bitcoin hasn’t felt like it’s been in this much of an existential crisis since the block size wars. And this time there’s no mobilization in the community in its defense.
What crisis?
The manufactured crisis. Never let a crisis go to waste.
The centralization of mining that places the censorship resistance of bitcoin at risk. Miners and mining pools need to adopt #Stratum V2
That, plus crackdown on privacy services and lightning operators worrying about regulatory coverage. The big things we had coming to improve Bitcoin‘s cash properties are all kinda stalling out.
With friends like these who needs enemies amirite
How can we help?
This. Please tell us what we can do. There's a whole group of people who are ready to pitch in 🫡
I dunno, which is the hard thing. We need (a) decentralized coinjoin in many wallets, but the protocol for that has to exist, (b) PayJoin/silent addresses/etc in many wallets, (c) LSPs for mobile lightning nodes (or many a compelling path to pleb LSPs?), (d) Sv2 adoption from miners and pools, (e) probably more? All those things feel like uphill battles.
Most of these require some form of software engineering, but at least the Sv2 adoption train is purely a social thing. Maybe also JoinMaket adoption?
🫡 I'm offering a bunch of UTXOs in JoinMarket with an absolute fee of 1 sat. The version I'm running on Start9 won't let me set it to 0, otherwise I would do that.
Have you looked at https://github.com/braidpool/braidpool ? It's not a substitute for Sv2 but it's an interesting p2pool revival.
What do you think is holding back miners from adopting SV2?