Bitcoin doesn’t need Covenants.
But some VC Money and impatient Devs seem to really “need” Covenants to get activated on Bitcoin.
Let’s wait to activate Covenants until it’s obvious that Bitcoin needs Covenants.
🇺🇸🦅🫡
₿itcoin ₿ombadil
npub1ptas...vhsq
Take delight in things for themselves without reference to yourself… The chain of memory is resurrection.
Running Bitcoin Relay Filters helps resist Ethereumisation of Bitcoin by driving up cost of Fiat fueled Spam.
If they want to touch a hot iron wasting Bitcoin on Spam, then make the iron as hot as possible I say. It reinforces the learning.
Game theory gods favor filtering.
His winnowing fork is in his hand, and he will clear his threshing floor and gather his wheat into the barn, but the chaff he will burn with unquenchable fire.
-Matthew 3:12 on Bitcoin Relay Filters
Full Nodes that use their Winnowing Forks are beneficial to Bitcoin
🇺🇸🦅🫡
Bitcoin Full Nodes will recognize your transaction/block as valid if it’s valid, they just might not give your transaction or block the same priority in the relay race.
That’s just what thermodynamically write-protected databases with filtering mechanisms do. 🤣
🇺🇸🦅🫡
Was just talking to some Bitcoin Spam Apologists and Anti-Filtration bros, they were telling me they had this new idea for Twitter and Nostr where every account is forced to retweet/repost every tweet they see.
🤡🤡🤡
Even an intolerant minority of Bitcoiners running filters allows them to punch above their weight at low cost, while SpamScams ultimately end in failure.
Running relay filters on Bitcoin helps bring about the demise of SpamScams sooner than later— to Bitcoin’s benefit.
🇺🇸🦅🫡
I hate JPEGs, Spam, and Arbitrary Data on Bitcoin.
Now stop being such an annoying perfectionist and stop using relay filters on your full nodes!! 🤡🤡
Filters up my merry fellows. Just say NO to SpamScammery.
Money is Bitcoin’s Dominant Strategy.
🇺🇸🦅🫡
Abolish Income Taxes so that on chain monetary/settlement demand for Bitcoin isn’t as limited.
Filters up
Push pause on more unnecessary soft forks.
Stop being intellectually lazy about the effect of Income Tax friction on how people use Bitcoin.
View quoted note →
Twitter not working
Nostr working
Bitcoin working
🇺🇸🦅🫡
No one anticipated the ways SegWit & Taproot are being abused on Bitcoin, but we can optimize these soft forks with relay filters.
All long time Bitcoiners should hold themselves accountable. We all fucked up.
None of us spoke up back in 2017 or 2021 to say “no changes needed”.
If you believe things like:
Bitcoin’s highest and best use is a generalized Database.
Spam/Unnecessary Data on chain doesn’t exist.
We didn’t made any mistakes/errors with adding functionality with things like Op_Return, SegWit, or Taproot.
Then we don’t need to waste time debating Filters.
🇺🇸🦅🫡
Do people who think Bitcoin is just a database also think Basketball is just a ball and 2 baskets with players running without purpose on a court?
Or does the word “Basketball” imply something more?🧐🤔
Asking for my friends James Naismith and Satoshi Nakamoto.
🇺🇸🦅🫡
If we keep adding new angles to Bitcoin it will become harder to see all the angles and all the new attack surfaces.
Vigilance, Patience, Conservatism, and Player Development are the dominant strategies for Bitcoin Development in today’s clown world context.
Godspeed.
🇺🇸🦅🫡
Bitcoin is designed to monetize productive Time & Energy.
If too many people abuse Bitcoin to monetize Spam, Degeneracy, and Waste, then we will drift away from Bitcoin’s Positive Sum Game back to Spammy Fiat Zero Sum & Negative Sum Games.
Play positive sum games.
🇺🇸🦅🫡
Your Bitcoin are like the plans that reveal the hidden weakness in the Fiat Death Star which can help bring Peace and Justice to the Galaxy.
And you and your Bitcoin are being chased by Darth Vader.
May the Force be with You.🇺🇸🦅🫡
Equity instruments are better Monetary instruments for Humanity than Debt instruments.
Bitcoin is an Equity Instrument that promotes Partnership.
The Dollar is a Debt Instrument that promotes Hierarchy.
Godspeed. 🇺🇸🦅🫡
Let me tell you what I believe. I believe Bitcoin means more to me than it does to you. I believe if you’re serious about helping Bitcoin, you are going to need everyone’s help, and if you don't like it, I believe you can go to hell. Because you aren’t going anywhere else.🇺🇸🦅🫡
So you want to activate Covenants & CTV and all these other fucking op_codes on Bitcoin with another soft fork, Einstein?
Oh and you also think Relay Filtering doesn’t work/is bad for Bitcoin, Copernicus?
Congratulations you have the two worst takes on Bitcoin today.
🇺🇸🦅🫡
Slay your heroes… be highly skeptical of any Bitcoin Dev that isn’t a Nym.
Every publicly facing Bitcoin Dev/Thought Leader is obviously more easily compromisable than a good faith Nym.
Satoshi was a Nym. Be more like Satoshi.
Power to the Nodes & Nyms.
🇺🇸🦅🫡
Well did you know BCH has an Op_Return limit that is 223 bytes, bro!!?!😲😲
How will Bitcoin ever compete with Bcash if we don’t get rid of the Op_Return limit in our relay policy?!?! 🤣
Don’t even get me started on ETH, which has a way better database than Bitcoin’s🤡