110: Fork Risk Rising

How do you handle updates on your nodes? I often have updates to run on Ubuntu and many of the other services on my Bitcoin & LND nodes. I know you are running agents for a lot of things, do you give agents access to your nodes for updates? Sounds a bit risky, especially on an LND node, so I wanted to hear how you approach managing your updates. Thanks.

BTC bummer boost! This is my third bear market and maybe the worst one yet- sentiment is extremely low with no clear reason for hope in sight. We need some good news fast!

You know what the most valuable asset you have or ever will have is? Your time. It is the hardest money that ever was or will be. You are guaranteed to have a finite amount. Tomorrow is not guaranteed. And you have no way to know your balance. Attention is how we spend it. I find you, Chris, and TWiB and The Bitcoin Dad and so many Jupiter shows over the years have brought me so much value for my time. I have drastically reduced consumption across the board. TWiB is one of the very few shows I spend any of my precious time on, and will likely be one of the very last to go. Thanks for being you, and for all you do Chris.

👍👍👍👍👍

I was an enthusiastic supporter of Start9 and have been running Lukes client since the problem with Core started. But with 110 it was just too much to support it. I moved nack to Core and uninstalled whole Start5 vm. Trully disappointing what they're doing. :( And yes, I've been starcking for a few years now and this is the first time i have serious doubts about Bitcoin Also I am convinced we're actually not appreciating how many people feel this way. I think it just might be a substantial reason for people not buying like crazy now

Great tune!

Hi Chris, Thanks for the show and your unerring reliability. A 5 year bear market for me would mean a change in time preference. My basic strategy doesn’t change, only how long it takes to enact and which generation benefits more. It is a fascinating question in general though, i.e. how long to HODL and when to spend. Just how long do you want to defer your gratification for? At the end of the day it seems to be a balance between your own personal financial situation ( and survival now) vs btc price vs when you bought in and how much. Great to see a small, but growing, group meet-up in my neighbourhood calling themselves the ‘Freedom Cafe’, promoting Open Source Software and privacy tech, (mostly Linux) … I see an ‘in’ for Orange Pilling! : )

More likely to disbelieve btc long term value if bip 110 fails

I couldn’t agree more with your take on BIP110. The number one thing that would make me question my Bitcoin thesis is if a minority group could force its will on the majority. Core messed up big time, but I’ll take jpegs onchain over setting the precedent that a small, angry minority can push through massive consensus changes.

Simply Sessions guys are great. It was the Doomberg clip, the green chicken. That guy is very smart, good substack subscription.

🍻 This Week in Bitcoin 110 is out: https://fountain.fm/episode/GpjNLzVOziMYPPw6rEPW Key Topics: Macro Emerging AI Bubble Concerns and Debt Financing in Tech Bitcoin's Fading Narrative and Future Price Projections Analysis of the BIP-110 Soft Fork and its Activation Challenges The Potential of AI and Bitcoin for Societal Advancement And… well a lot more. Enjoy! YouTube: https://youtu.be/jDa-SQPuUXA