Truthcoin

Bitcoin is very sick,

and, the medicine that will cure the sickness, it is not going to like,

at first.

No kidding
Wow, all 5, at 21 exactly what are the chances

I wonder what he thinks of CTV+CSFS

Me, on the latest What Bitcoin Did

https://www.youtube.com/watch?v=-OPZ3q_8zHg

Each Bitcoin Treasury company:

- has expenses
- is taxed and regulated
- may lose all its coins, due to a hack / inside job / mistake.

thus, their ROI must be less than the self-custody Bitcoin ROI.

And:

- Any premium due to "access" to investors, will be competed to zero as new Treasury companies arrive

As far as I can see, no amount of Madison Avenue salesmanship can paper over these disadvantages. -- but hey, I hate to rain on everyone's parade. @verysmallclaims

Its obvious that Drivechain will destroy and replace everything (other L2s and Altcoins)

What remains to be seen: will we see an epic revolution, of total success and domination, vindication, akin to the end of WW2

Or

Just an awkward shrug (the way COVID ended)?

Its actually the P2P network that is filtered out, by MARA slipstream (and direct submission and private mempools).

Today, MARA will "pre-announce" the next block, for free. This is useful.

But they could (theoretically) charge $ for that service.

And then Luke would be saying that Mara should pay him [ and each of his nodes] -- but he would be wrong.

It is the full nodes which need the mempool of the mining nodes (to save on bandwidth)

Yet another reason why Luke is wrong:

Luke claims that for any node to *wait* to upgrade to the latest version, is a "failure of Bitcoin".

And -- to *wait* to upgrade to the latest soft fork, is a colossal failure, and "regression to SPV".

However:

1) every node is a full node of itself, but it is also equal to "SPV mode" of an infinity of closely-related protocols. These may not be used by anyone, but they still exist theoretically.

For example, Bitcoin Core v 25 is a full node of itself, but an SPV node of a hypothetical soft fork (of 25) where we always reject a block if the last 4 bytes are 1234 + the versionbits end in 5678

2) Every full node, is **using SPV** on the question: will this block be orphaned ? There is NO way to KNOW the answer to that question using just your node. The ONLY source of illumination, on this question, is to do what spv nodes do: wait for more block headers to roll in, count them, and hope for the best.

So: the "heaviest chain" rule -- is a rule that is only enforced at SPV level. Even the full nodes only enforce it at SPV security.

And so -- Luke's nightmare scenario, --which he aims to prevent via his theory that we must all run the latest version, etc-- that bad outcome is actually the one we are all permanently stuck in, forever. It is inexorably linked to proof-of-work itself.

I propose a new BIP, to limit spam.

- reduce max block size from 4 MB to 400 KB
- retain all conversions between bytes, vbytes, weight etc

Since I already have BIPs 300 and 301 I humbly request this as "BIP 302"

Every day we waste on op return is further proof that BTC is doomed

At this rate, every cab driver will have his own Bitcoin Holding Company

Bitcoin Core might be dead.

It isn't about OP RETURN per se -- it is about *the reaction* to OP RETURN. The mob justice.

It seems to me, that you can't get anything useful done under these conditions. OP RETURN is a very small fry -- very very small.

So -- what does it mean, for Core to be dead?

In the short run, I don't know.

In the long run, miners will run the software that **maximizes their revenue**. The devs of **that software** will obviously allow all OP RETURN sizes, sorting them by fee.

People who care about DoS protection (or something else), might run different nodes (or no node at all). If they try to reject a *valid*, block that is accepted by 51% hashrate -- then they are hardforking off the network, like BCH. Empty threat.

🎙️Man ir pat labāka mezglu versija,

kur datu nesēja limits ir zems, un bloka izmērs ir zems, mezgla izmaksas ir viszemākās, un reljefa politika ir maksimāli ierobežojoša

Es to saucu: MEZGLO, kas darbojas vispār

...
Paldies, 💐paldies 💐

After 50,000 successful thunder L2 blocks, the latest blocks are coming in slow -- at least 12x slower than normal.

Cause: unclear.

Regrettably -- L2L does celebrate the weekend. So we will be back at it, on Monday.

MSTR marketcap is $ 113 B,
their Bitcoin is worth $ 57 B,
Seemingly no comparative advantage, (as a Bitcoin Treasury), to them (or anyone else).

So, if you short MSTR + long BTC , (in precise amounts), is that free USD ?
@verysmallclaims

Op Return Apgaismošanas Posmi

- pagaidiet minūti... XYZ nav godprātīgs izstrādātājs, viņš ir vienkārši korumpēts! Un pašinteresēts!
- pagaidiet, tie, kas piekrīt viņam, arī ir korumpēti!
- kritiķi sociālajos medijos arī ir korumpēti
- es domāju, ka bija Process
- process ir viltus! Izstrādātāji ir PAŠINTERESĒTI un korumpēti... Ko mēs darām?
- ak nē
- visi ir sociopāti
- patiesībā ir diezgan labi, ka Altcoin pastāv...
- jūsmot konkurencei
- blakus ķēdes būtu pat labāk nekā Alti...

Pagājušajā nedēļā es veicu "BTC vs BSV" diskusiju CoinGeek

Es arī uzrakstīju šo rakstu. Saite ir zemāk -- Joks -- tā ir tepat, jo man neinteresē GD algoritms: https://t.co/UV8WXM43Ou

Daudzi jūt, ka kritizēt BSV ir kā sist mirušu zirgu -- bet manā rakstā ir daudz informācijas, kas nav plaši zināma. Apskatiet, ja vēlaties.

Should Bitcoin Core steal money out of @foundryservices 's checking account?

A) No -- and I support the higher op return limit (and merged mining, and bip-300).
B) No -- but I'm very very stupid and don't understand what I'm talking about.
C) Yes.