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i ve started to read Layered Money by Nik Bhatia,
Generally, I think it can be summed-up that the world is going through immense change, the likes of which we have not seen before. For our generation or others. Included is a bunch of new tech, good and bad.
This follows a period of immense stagnation, where it seems on the surface many technologies have been suppressed and held-back for years or decades. Perhaps for either the cost-benefit to make sense, or for the moment to cause maximal societal impact.
The reaction we see ‘just stop oil’, ESG hysteria and the call for regulations, is natural. We as humans don’t like change. Especially not of this magnitude. Not to mention, lobbying gets done by incumbent companies with outsized influence or a headstart already. Trying to build a moat and prevent further disruption.
The best we can do, is be open to change and to keep experimenting with new things in my mind. Stick to our values, on privacy and inclusion and transparency. If so, it will be easier for us, than others in society. Those without a critical eye, who are resistant to change are going to find these next 5-10 years ever more challenging to navigate, I believe.
Centralised systems & honeypots are likely to keep failing and leaking data. Hacks, attacks, leaks, downtime… it’s going to be never-ending when SHTF. Soon after, people will be demanding decentralised tech, for fear of being burned ever again. We’ve had peak fiat.
That’s my 2 sats.
"bc1pfeessrawgf" is the correct address rendering for this output, since it is a valid segwit v1 witness program, even though the combination of witness version & program length does not correspond to any defined spending rules.
(although the 2-byte
0x4e73output script does match a proposal for ephemeral outputs).Fun fact: undefined segwit outputs like this are completely standard to create, and only non-standard to spend.
However, this transaction did prompt us to fix a bug on mempool.space that calculated the dust limit incorrectly for this kind of output, which caused the transaction to be falsely labeled as non-standard for a short time.