the question is have people stopped using bitcoin.. not have people started using other networks
why do some people keep trying t promote other networks while pretending by using other networks they are still using bitcoin

other networks ARE NOT BITCOIN, even LN is not


less than 1 billion people think $20 is insignificant/ only an hours labour
where as 7 billion people think $20 is significant and worth more then an hours labour

your question should be what types of people do you want to exclude from using the bitcoin network

seems to me segregation has a double meaning for bitcoin cores roadmap.. learn the other political/social meaning

current hardware, current market spot =2x profit, they can continue with current hardware after halving to get 1x.. much like the position they were in 6 months ago(still not poor).. then the market will rise slowly again to get to 2x progressively over months to reach a 2025 ATH which is when they peak to then sell and then use that to buy new hardware for a new hardware lifecycle... as the other halving -> ATH cycles have done

most dont just give up mining as previous halvings have shown

its only the hobbyist miner on residential(higher) electric that come and go so quickly due to market fluctuations


small hobbyists that dont account their costs properly and just jump in and out and dont upgrade hardware on two year lifecycles get stuck in unprofitable conditions where they have to stop.. however smart miners that have been successfully and professionally mining long term dont look at the whims of the temporary market to be jumping out so quick
instead they carry on and let the market spot play out.

but atleast your fears shows more about YOUR feared action you would take in coming days... which is kinda funny when you been screaming how you say your electric costs were super cheap on your s17 you host with the pool you keep promoting as cheapest electric.... your fears suggest otherwise now

majority of miners are asic farms that dont day play trading to ascertain profits. they buy hardware and electric contract in bundles of 2 years and they mine throughout that period and then account the rewards vs costs to calculate the next 2 year hardware life-cycle
(this is one reason why the ATH happen after a halving and the push doesnt happen at the halving, because the profitability accounting doesnt happen on halving day, but afterwards)

its also been ascertained and explained
https://bitcointalk.org/index.php?topic=5478905.msg63933800#msg63933800
that the first half of 2024 is a 2x profit. and at the halving margins will return to the level of 6 months ago when miners were earning half as much as now.. so not many will be jumping ship on halving event

as for runes. well most people have been through 3 cycles of junk metadata fake NFT so the amount of buyers of these newest junk wont be fooled a third time so the spam should not last as long. hopefully spam victims wised up to ordinals then further wised up to brc and not willing to pay the scammers a third time. so hopefully the income scammers use as fee's dries up quicker and they stop spamming sooner

10k sats? $10k?
20k sat? $20k?

to pay 10k sat = 0.00010000 = $6.08 is about the high priotity fee amount (bitcoin network fee rate)
you mention 'channel' so i guess that first $100 was locked in 1 channel of a subnetwork

so i would imagine asking for 20k sat would be to pay a fee to close 2 channels where your rest of funds are in 2 channels
or 1x fee to close other channel and then 1x fee to get funds out of bitgo custody
(^ my assumption based on vagueness of details)

..
if however its asking you to deposit $10k  $20k.. just to play with $100. then you might have visited a phishing site.
because asking for $10k to play with just $100 would be fishy/scammy.. and then asking you to deposit $20k to release $10k does sound scammy

bitcoins treatment/utility is "no longer digital cash" as in majority treat it as something else.. not due to technical limits of physics. but purely human political decisions on who should, could, would allow bitcoin to have continued scaling onchain vs the politics of pushing bitcoiners to other networks so spammers, scammer and junk fillers can abuse the network more

anyone suggesting bitcoiners should use other networks with made up physics limits/reasons.. but then say not to stop/move the spam,scam junk, are not saying things that benefit bitcoiners or the network

having a mindset to know how to form and delegate a good team to operate a business is where entrepreneurs succeed
entrepreneurs are not those that run businesses, entrepreneurs hire the talent to run businesses

an entrepreneurs skills are not in the product design skillset. entrepreneurs dont need to learn new skills of a product/service to understand the production and process of the product/service.. again the entrepreneur hires the talent

an entrepreneurs mindset, knowledge, cognitive ability are mainly delegation related. .. and funding ability

an entrepreneurs success is not determined by the entrepreneur being the most skilled/knowledgeable about a product/service
an entrepreneurs success is determined by the entrepreneur being able to hire people with more skill/knowledge about a product/service, than the entrepreneur

hire people dumber then you, get dumb results
hire people smarter then you, get smart results

those born without full function thyroid or have an imbalance at young age without treatment, grow up with physical issues too. its called cretinism(basically neanderthal) which is known since the days of the ancient greeks (pre christianity) of how neanderphals evolved into modern man due to the evolution and growth of the thyroid gland

its actually the bases of ancient campfire stories/analogies of the adams apple explaining how modern man came into being(from neanderphals)  which became scriptures which become religious, but as the stories got more fantasy-full in olden times, to then mistake/forget about the cavemen aspect before them

i mean from what is said from the latest update. he wants the FBI to investigate attendee's to the conference which he does not know everyone there.. so common sense he attended somewhere with strangers, where (is common sense suggested that) it was there where he had strangers somehow have access to his server to steal his keys or put exploit/trojan on server

it has nothing to do with faucets..
faucets have nothing to do with random people having access to keys, node.
a faucet is where the coin owner willingly donates out portions of his coin to random people that ask for donations

actually legacy is stronger and more battle tested compared to more recent formats
satoshi in 2009 signed funds to hal feeney and done other signed events from the same address (half a dozen) and yet there is no no legacy data/validation/authorisation leakage which has been used for people to steal the fund that still are associated with that legacy address decades later
(many have tried bruting it)

newer formats have opcode additions that ignore checking for signatures(a flaw that has been exploited for other purposes), and also ways to replace transactions
which are weaknesses that have been exploited

also in regards to hot wallets
the amount in hotwallet is subjective. for instance although binance hoards 600k coin it has alot more then 100 coin as its hotwallet, they understand the risks of public access risk of way more then 100 coin, so they only put so much in hotwallet and have used their trade fee's to form a 'insurance' if said hotwallet was hacked(safu)

its recommended is to not risk more then you wish to lose and to take security precautions to mitigate risks* but thats general advice. its not to suggest having X on legacy in hot is more flawed technically compared to someone using 0.x or 10,000x
the amount does not weaken technical security.
*risks is more about personal loss emotional stress mitigation should X funds be lost

its more common sense
EG a leather wallet in your pocket containing fiat has the same security.
however you are more then likely to have funds stolen if you waved it around inview of strangers and/or then allowed strangers to put their hand in your pocket

point being if you put bank notes in a leather wallet and then had it open and accessible to the public. thats the risk.. not that the wallet itself is the risk

again common sense no one should wave their leather wallet around and let strangers have access to it, that was Ljr's failure

my wording is clear but yes requires more then small soundbit snippets because its not something that can be explained in 2 words

there is a wide difference between someone that needs and can benefit from the full transition process for their mental and physical wellbeing and life prospects.......... and then there are the trenders.. just play acting as it cool to play dress up or want to cause discourse due to social trends and peer pressure
so lets not confuse the two by trying to virtue signal the second group as being the first group

i have nothing against those that need or want the full transition process for real life affirming contentment

i have nothing against those who just enjoy dress-up (tomboys, dragqueens, cosplay, larping, role play)
but lets not confuse the two especially lets not try pushing others to confuse the two using peer pressure and discourse and insults

to have services/companies at the edges of the network/ecosystem of crypto become trusted. they would need to put up a reserve that is locked and punishable, forming a financial penalty of being malicious
(this is how silkroad become trustable even amongst criminals by having dealers put up collateral that can be taken should they not fulfil sales)

other things like customer deposits be put into a 2 of 2 multisig where customer+business form a partnership of control of funds. and co-custody the funds whereby the final relinquishing of funds(customer spending in final) gets signed over by both parties to the cex sole custody AFTER a bid win on the market orderbook, to fulfil the order amount win and settle the order

imagine it like exchanges becoming auctions
auctions usually ask bidders to display they can afford to settle any bids made at auction before bids are placed..

the auction (market orderbook bids) is a quick database operation of making/filling bids, (the same as spot market orders now..)
that can happen in miliseconds to bid on the sell/buy of assets..
..but the settling up of the auction is a secondary process where the bid winner has to settle up same day/same hour to actually get the auction won asset/property.
which in this case could be a fiat withdrawal or stablecoin assignment when they sign/relinquish over the coin from the multisig to the cex sole custody and then other currency/asset be relinquished equally on the other side

as for a web of trust system

this could be made where multiple parties vouch for an entity by depositing small amounts into a address that combine to become the trusted reserve(punishment) where by when others vouch for an entity. the reserve becomes a total amount that entity can perform at any given time and would lose that value if they cheat the current customer/user they are performing trade with
this could become its own market where traders/dealers/businesses seek vouching from others to operate many trades or larger trades. whereby those vouching earn small % returns from each trade performed without maliciousness. and the business then able to continue doing business via the continued trusted deposits vouching the business (kinka like staking)

cryptocrits "read full article" website has lots of pop-ups that want you to download crap... i dont recommend visiting his link

advice to cryptocrit: remove the crappy stuff your site tries to get people to download

the issue of wanting quick gains actually can work against itself

theres 2 types of quick gains
those that know normal banking only offers 4-5% per year, so those that see a 5%+ gain in hours and takes it at the single digit level in hours

those that see gains of 5% in hours and think its a signal of large pump of getting 2x(200%) quickly.. so hope to get quick large gains of large amount in weeks/month instead of banking of upto 20 years

the second mindset is where they keep missing chances of quick gains of 5% which they can repeat several times a month which they can repeat to accumulate to be more then 2x per year. thus they dont get the gains, and end up becoming hoarders

by all accounts and use of common sense to stitch the stories/revelations together

he did not use seeds, he did not use passphrase.
he had funds on LEGACY private key(which pre-dates seeds) on a hotwallet accessible via a server, which was accessible via a device which he carried with him to a conference/meetup which he must have allowed strangers/multiple people access or exposure to

passphrases, seeds, private keys are only secure if they are cold stored(airgapped/physically not on a device)... and not in a active wallet of an open node thats is remotely accessible/stranger accessible

it doesnt matter in this case if its a passphrase, seed, private key if key(of any format) is in a node is operating as a hotwallet

eg a desktop login password is only as good as the human ensuring they log out when they step away from their desk

yep this "paper" fits more into the economic/cultural system of web3/meta*.. not bitcoin

*in a world where international courts(of war crimes/litigation/nation recognition/sanctions) would recognise ownership of real world property/land is competed for via registration of land/property digitally instead of physically invaded/taken over/fought over**

** in a scenario where international monetary funds of sanctions/penalties and judgements are done digitally via protocoled courts instead of human sat international courts

you are being a critic, without knowledge
i explained my thoughts on his paper because i read it and formed an opinion on what i read. and shown examples which you just quoted me of where he babbled and got things wrong

you have not even read his paper yourself..  and yet you are getting emotionally defensive without even reading it to know what you are defending
you have just got defensive with confirmation bias, acting as if its perfection without your own knowledge of the content

you have not even peer reviewed it.
you should try reading it first

dont become a cultist of idolising something without knowing what you idolise. just because "OMG its a word document so it must be good so i must default to idolise and defend it because its a word document" without you even reading the content of the paper

there have been many examples of this failure, such as ICO scams and scam tokens which silly people just blindly trust and idolise and defend because the creator wrote a prospectus/"whitepaper"
even without people actually peer reviewing the white papers content, without scrutiny, without even reading the code of the ICO/token to realise they were scams. people just blindly trust and defend authors "cos they wrote a paper, they must be legit"

its not a thesis. its a babble of content 5x the norm to show the author has lots of random opinions/thoughts on lots of topics but never concludes them quickly
also a thesis is not something that HAD approval... a thesis is something anyone can write that is then submitted to get reviewed/tested/scrutinised

its obvious that YOU are the author by your defensiveness.. as you are getting defensive and evasive shows you are more emotionally tied to this document than a random reader would..
but ill continue to talk as if the author is someone else..

an average thesis is under 80 pages.. i know what theses are.

this gibberish/babble is 400 pages and in the first 80 pages shows its filled with 80% of random topics thrown in about things like biology, astronomy and a whole manner of things. even the summations it makes about the other things are in error and then when it does get back to the point. it then leaps away again in less than a paragraph to talk about other subject matter for a few pages more.

he name drops and adds quotes but some of the quotes show he has not fully understood even those things.

he mentions Einstein about energy and mass. but doesnt understand that mass IS energy in a form... he went down a lengthy path of saying converting mass into energy as a way for him to suggest turning gun fights into digital competition

he talked about colonisation as being a form of co-operation of self interest to defend land
no colonisation is an invasion attack where the invader wins and takes over the land
even the bacteria evolution stuff he gets wrong

there are many subject matters he added in randomly but doesnt really use the references property to prove a point or add relevance to the point via real understanding

after 80 pages it felt like he was still at the intro and al i learned was that he sounded like trump would sound if trump wrote it, its all over the place

he needs to cut the content down by 5x to get more concise

he spends most pages talking about astronomy, micro biology, elemental physics, nature,

then only spends a few sentences discussing using watts as a strength measure of identity of strength power over property

by 'doing a trump' is not a political thing. its about how someone speaks and we all know trumps style of speaking at length
its the way he speaks when he is trying to make a point but then deviates mid sentence, to talk about something completely different and it takes pages to then get back to the point. which could have been said in just 10 words

nothing to do with bitcoin.. lots of pages of gibberish to try establishing that the author looks smart by throwing words around
(lots of gibberish to fill pages, concerning biology, astronomy, physics, anthropology and theories of predator-pray game theories and im only 1/5th (page 80 of 400) through reading it)
i feel like it was trump that wrote this, due to the way he jumps into other things and not staying concise with crypto topic


but to summarise
the author has an idea of a world where countries dont fight using tanks, bombs and troops to invade to take over land, property and wealth
but instead, where plots of land, wealth and property is registered digitally.. and countries would fight digitally over land, property and wealth instead of physically fight

it comes with his concepts of a proof-of-power(strength) protocol. where identity proof of property is not just a signature, but a form of strength power which can be competed for and the winner gets the ownership of the property involved in the fight

where invasions, property ownership, is changed(fought over) via proof of strength(proof of power) challenges

back in the days of the hack. many thought Ljr was doing a tax dodge by saying he lost funds to claim a tax loss rather then gains(some call these government seizure requests of things like someones guns/assets/taxes, as having a 'boating accident' where their registered guns/boat/taxes was lost to the sea)..
to avoid government seizure
so when resorting to asking FBI to find the hacker/funds, seems more like a real theft as oppose to a 'boating accident' tax seizure dodge

also many 'privacy guys' think bitcoin is all about trying to keep government agencies away from themselves and bitcoin