Hey as long as the amount of coins is transferring from exchanges and weak hands to the strong hands, I don’t care who owns em. ETF, MSTR, Uncle Jim, your momma, doesn’t matter.

One can critique MSTR as an instrument, but as long as they are not increasing the coins in circulation, both the die hard cypherpunk hodler and Wall Street have aligned interests.

No, Strategy is buying real Bitcoin. It’s reducing the float on exchanges.

They are selling IOUs, or not even that. They sell paper, which they use to buy real Bitcoin. The problem is not that they are buying Bitcoin…. We want entities to buy Bitcoin…

I also enjoy reading Arthur’s take. He has great visibility from his experience, and I appreciate his irreverent writing style.

There will be many stablecoins, issued by banks, buying treasuries forever. Trillions coming. Eurodollar, gone. Dollar Cash in South America? Gone for stablecoins on everyone’s phone.

“Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone." - sn

Lost stablecoin would not be a gift to every other holder, rather straight into the pocket of the issuer as collateral and treasury yield, forever.

Many on the planet are going to end up with some dollar-based token. Most likely on several popular blockchains, none of them Bitcoin.

We have to understand the ramifications of this, and fiat exchange for Bitcoin.

You are welcome to run bcash or knots or whatever alternative client you like.

Don't complain to us when it breaks.

“More babies are dying in countries around the world because they have less economic freedom” https://odysee.com/@HardcoreCrypto:f/babies-are-dying-because-of-bitcoin:c (Not my video, just found through search).

Wow, how things never change. Knots drama is Bcash all over again.

“ yeah, bitcoin can be abused, so we legalize the abuse”. It’s already “legal” in this analogy.

“ it's obviously not given when looking at the current fee market, and which specific demand anyway” Current is not future. Things can change quickly. Good engineering needs to anticipate future conditions.

“ fee estimation is not a computer science problem and not something a node can do for users in the first place, and certainly not a reason to relay spam” Why isn’t it a computer science problem?. Many many new cryptoeconomic and distributed computer science concepts are being invented from Satoshis discovery. Calculation of optimal fees in a decentralized mempools in distributed ledgers is absolutely an emerging computer science problem, and will be studied in academic contexts for years to come.

“ that's the point of filtering spam, to slow down the propagation”. But it doesn’t. It’s in the block. I would encourage you to learn more about how clients handle the peer to peer traffic for tx and block propagation. It’s not as simple as an ultimately non controversial single client-side flag.

“bitcoin is a censor ship resistant monetary system, not file storage or database system”. I agree with you here, however the way to achieve this is through economic incentives, not through arbitrary filters. Do you see the irony of asking for censorship resistance while arguing for filters?

I don’t agree with the slight positive angle. It’s still bloating the chain with non-monetary transactions. It represents a bad faith usage of the global ledger for unrelated trash. Saying it prevents the utxo set expansion by taking block space from other txs is like covering the public park in trash to prevent public park picnic injuries. Defeats the purpose of the park entirely. Fuck spammers

Wow, those Mitsui Gold archival DVDs have a 24-karat gold reflective layer and are rated to store data for 100y. Given the stability of gold, and the ubiquity of that disc form factor, you could probably read it in 100y too.

That price on Amazon sets us at about 3500s to record 4.7 TB for 100y+ Much cheaper than inscriptions.

One could even store a commitment to that Disc, filesystems contents, and physical media metadata in a slightly larger OP_RETURN, have that OP_RETURN added to a batch withdrawal tx from exchanges (these will always exist and are quite space efficient). Exchanges could physically warehouse gold discs and online (similar to cloud cold storage services).

Exchanges then sell cold warm and hot GOLD ETCHED “inscriptions” with a nice clean prunable onchain outputs. Exchanges then have an ongoing revenue from hosting and charging for outgoing traffic, ideally in sats.

I’m not your bro, buddy. I’m not your buddy, dude. I’m not your dude, fella. I’m not your fella, pal. I’m not your pal, bro.

You are good, just stick clear of anything inscriptions or L1 spam. It’s a painful failure from the past and apparently the present too.

Do look around, maybe you will find some use for EVM that isn’t all fiat games.

You disagree philosophically, and that’s ok. Everyone deserves to get paid for their work. I will remark however that marginal cost of a line of code has dropped considerably in the last year…

I do think that SN hints at a general core idea that software trends towards more permissive or free licenses over time.

AGPL from the beginning is noble, but ultimately limits reach. Delegation to the commons of “deciding how their work gets treated” that permissive licenses grant is exactly how software products get popular. Changing the rules when you get successful (competitors reselling your product and you not getting a cut) is of course an option, but so is taking the last known free and open version and building something new from it.

Sigh. And now someone has to fork the last MIT licensed version to keep it free. Source available is bullshit and means closed source. Free and Open source means you don’t and should not care what people can do with your code. Worrying about what other companies do with code you released to the commons, including commercial exploitation, will send you insane. See Wordpress for a modern example.

“If the only library is closed source, then there's a project to make an open source one.

If the only library is GPL, then there's a project to make a non-GPL one.

If the best library is MIT, Boost, new-BSD or public domain, then we can stop re-writing it.”, Satoshi Nakamoto, 2010

Trash trash trash. All the spam tx formats like inscriptions need to go in the trash, and anyone pushing them trashed.

If Bitcoin backed EVM is what you want, Botanix launched last month. Say what you like about EVM, but it can be done in isolation with this, not causing an impact on L1. It doesn’t spam the network with junk txs. It’s basically just like the other eth l2s but the gas is in sats. There are bridges from Bitcoin l1 to botanix chain.

Middle finger for wheel

Of course you are free to run it, Infact any software you like.

But knots is not Bitcoin. It’s a Bitcoin LARP client developed by a fool.

Stupid take from Udi. Nothing Udi does matters, spams and scams.

Meanwhile, actual Bitcoin is Bitcoin Core, and a bunch of other fools are being lead astray by another fool. Ignore the scammers; and don’t run fake Bitcoin clients; your funds will be knotted away forever.

But why the fuck would you run knots?

Story checks out, I don’t believe Luke has ever been right in his life!

I’ve been promised nothing by any government; and will take nothing.

I don’t need other people’s children funding a retirement Ponzi scheme.