3min chapter

Bitcoin Rapid-Fire cover image

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

Bitcoin Rapid-Fire

CHAPTER

Is There Any Way to Conceptualize the Risks Associated With Uh Protocol Upgrade Soft Forks?

There's no way to conceptualize the risks associated with a given protocol upgrade. Bitcoin is an incredibly important tool for humanity as you said at the beginning for human freedom and we want to see that not only survive but propagate, let's say. The security of bitcoin can be quantified based on the fact that it has its own bug bounty if someone can exploit it or find a problem. A change should have 300 billion dollars worth of confidence behind it right?

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