6min chapter

Bitcoin Rapid-Fire cover image

Jameson Lopp: Bitcoin Covenants, OP_VAULT, Upgrade vs. Ossification & Casa Changes

Bitcoin Rapid-Fire

CHAPTER

The New York Agreement Was Born Out of Frustration From Large Enterprises

The New York agreement was born out of frustration from the large enterprise providers, you know mainly the exchanges and then some of the companies like us that supported them. There had been a lot of operational Issues because of you know congestion on the network You know backlogs of unconfirmed transactions. I spent countless hours myself dealing with and doing outreach to different companies and even mining pools when I would find what I considered to be very naive practices.

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