Here's Part 2 of my Pubky presentation summary, beginning with Pubky App!
👇 Pubky App - Let's Unlock the Web! 🧵

For those of you that missed my presentation in Lugano, here is a tweetstorm summary and introduction to our new Pubky ecosystem.

Let's begin! 👇 The Problem: A Captured Web

The web today is a mess of poisoned algorithms, censorship, and walled gardens.

Good morning, Bitcoin does not support or enforce any sort of "transactions" or "settlements."

These actions are misnamed within the protocol and Bitcoin literature.

1/10 A bitcoin "transaction" or "txn" or "tx" is actually a signed authorization to update the score of an originating account to redistribute its units into other accounts.

It is a proof, or a payment, not a transaction.

2/10

After weeks of arguing and consideration, I am now confident I can refute all arguments for a full-RBF regime, and that we should protect first-seen mempool policy from being subverted by keeping the existing environment intact.

1/5 My arguments include clear rationale that consider miners, incentive compatibility, maximization of fees per block, priority competition, utility for merchants, intelligent doublespend risk mitigation, protection of the user space, optimal culture of development of Bitcoin,

2/5

I will be freezing my personal Bitcoin Core nodes at the current version (pre-taproot) permanently, barring any critical CVE fixes or such.

I will also stop using native segwit addresses and never use taproot (my nodes don't support it anyway). Maybe this is inconsequential in the long run, but Bitcoin conservatism needs to start somewhere and I find the culture of Core to have soured and become reckless, and I simply do not want to trust my coin with their leadership any longer.

A subset of Core devs are currently trying to attack Bitcoin by forcing a pet agenda to make all transactions RBF by default.

This attack includes bitcoin-dev mailing list lies and lobbying, code changes in Core node, and bribery attempts to miners.

1/5 Merchants rely on 0-conf txns as a way to meet consumer needs in commerce. RBF makes the mempool less reliable and spending Bitcoin more dangerous for consumers and businesses.

2/5

The new Slashtags.to website has a lot of info about the Slashtags protocol, including this awesome Slashtags Playground,

The Playground shows both use-cases & UX examples to spark your creativity about what's possible with Slashtags!

1/7 Install the beta-testing version of Bitkit Wallet from bitkit.to to try each Playground demo!

Let's start with the Slashtags Profiles demo, which allows you to search any slashtag key and view the profile.

We included the Synonym team's profiles to try also!

2/7

Good morning, Bitcoin is not an "investment."

It is not a form of finance, a security, and it does not generate yield or revenue.

Bitcoin is a commodity for saving long-term.

There is no poverty in Bitcoin. You must have the ability to save long-term to own it safely.

1/4 Bitcoin having a fixed total quantity makes it highly exposed to the volatility of market supply and demand.

This means Bitcoin savers need strategies for how to behave when Bitcoin is in high vs low demand.

2/4

Good morning, there is no feature, modification, layer, or construction that could be added to Bitcoin that would "cure" the ignorance, greed, nihilism, laziness, lies, or otherwise indescribable "appeal" of shitcoins.

1/4 Any developer claiming their soft fork may relieve us of these evils is either an ignorant egomaniac, or a malicious actor against Bitcoin.

The cures for shitcoinery are as follows:

1. Intentionally attacking the faults in their designs with hashpower or exploits.

2/4

Good morning, there is no governance process for changing Bitcoin or making decisions.

Generally, governance is a bad thing for freedom and is used to allow a subset of people to enforce things that the outside group does not want.

Governance is Violence.

1/6 Bitcoin is already permissionless, and inclusive, but you must accept the rule set as is, or be excluded.

There's no voting. Agree or move on.

Decentralized governance is a lie.

Consensus is mutual.

2/6