Basically the message to all Bitcoiners is to stop rocking the fucking boat like fucking morons.
Let the boat find equilibrium.
Godspeed.
🇺🇸🦅🫡
₿itcoin ₿ombadil
npub1ptas...vhsq
Take delight in things for themselves without reference to yourself… The chain of memory is resurrection.
Today’s Spam issues relate to prior changes to Bitcoin throughout its history.
Whether it’s relaxing Op_Return, SegWit, Witness Discount, or Taproot, today’s waste & abuse of Bitcoin relates to attack surfaces created over time.
No further changes needed today.
🇺🇸🦅🫡
Money is dumb tech for smart users.
Money is not smart tech for dumb users.
Failing to use Bitcoin as simple dumb money leads to sub-optimal, zero sum, or negative sum outcomes.
Money is Bitcoin’s Dominant Strategy.
🇺🇸🦅🫡
Maybe these VC special interests should spend less time and energy on speculative R&D experiments that require Bitcoin to change and spend more time & energy accumulating Bitcoin on their balance sheets.
Maybe Bitcoin Devs should stop putting the cart before the horse.
Maybe.
Air filters help purify the Air you breathe. Water filters help purify the Water you drink. Modal filters help control the modes of transportation on roads.
Bitcoin filters help purify the Bitcoin you use for saving & spending and helps optimize your purchasing power.
🇺🇸🦅🫡
Maybe we can make the best of Taproot and SegWit if we start using common sense relay filters, focus on Bitcoin’s purpose as Sound Money, increase user education/player development, and don’t rush to make any other unnecessary changes to Bitcoin.
Maybe.
🇺🇸🦅🫡
Bitcoin Core started the Fake Fight between Trump and Elon to distract us from the Op_Return debate.🤣
Good morning.
Good morning.
Let’s filter the Fiat Noise from the Bitcoin Signal relentlessly today.
Good morning. 🇺🇸🦅🫡
We should do everything we can to enhance Bitcoin’s primary Fiat Noise Filtration mechanisms aka Proof of Work and Fees and use Filters on the Full Node Layer, User Mental Layer, and the Collective Social Layer.
Let’s get after the Fiat SpamScammer’s relentlessly today.
🇺🇸🦅🫡
Think about the noise from the price distortion in the Fiat system:
Fractional Reserve Banking
Central Banking
Fiat Foreign Currency Exchange
Taxes
Govt Regs
If we want Bitcoin’s price signals to be useful we must Filter as much Fiat Noise from Bitcoin as possible.
🇺🇸🦅🫡
You don’t replace Fiat by building a decentralized protocol for arbitrary data.
You replace Fiat with a Sound Monetary Protocol that produces Sound Monetary Units and Sound Price Signals aka Bitcoin.
The longer we wait to activate more Bitcoin Op_Codes the more valuable the Options to activate more Op_Codes become.
Think of Op_Codes more like Perpetual Technical Bitcoin Options.
Think of Op_Codes less like Options that we have to exercise tomorrow.
🇺🇸🦅🫡
Pop Quiz Bitcoiners,
Let’s say we activate CTV/Covenants, and then a Spam Artist finds a way to abuse CTV/Covenants for more Spam.
Should we then consider using filters to mitigate the new Spam problem from CTV/Covenants?
Fiat Money, Fiat Prices, and Fiat Regulation centralize Bitcoin Mining way more than Bitcoin Relay Filtering, and the Dollar Price of Bitcoin is an Oxymoron.
Ay, there’s the rub.
Stay vigilant. Filters up.
🇺🇸🦅🫡
Bitcoin Anti-Filter Bros: They’ll just use the Witness Data because it’s way cheaper to use that!!
Bitcoin Pro-Filter Bros: Yea, we should be running filters for Witness Data too.
Game theory favors filtering to mitigate Spam Surges.
Filtering is the Dominant Strategy.
🇺🇸🦅🫡
Infinite Money & Credit created at zero cost by the current Fiat Central Banking and Fractional Reserve Banking system makes quality price discovery impossible because the system distorts all prices.
Bitcoin’s finite limitations allow for quality price discovery.
🇺🇸🦅🫡
Honest question:
If your business is selling Bitcoin mining hardware, does it help your sales pitch to tell the buyer how much Spam you can mine with the Bitcoin Mining Hardware?
🇺🇸🦅🫡
Miners need their Bitcoin block to be validated and propagated as fast as possible to optimize their risk adjusted returns afaict.
To optimize how fast their block is propagated and validated, it makes good business sense for a Miner to build standard blocks.
🇺🇸🦅🫡
If incentives matter, then disincentives matter too.
Encourage your fellow Bitcoin OG or Bitcoin Noob to use Bitcoin responsibly with disincentives.
Filters up. 🇺🇸🦅🫡
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.
🇺🇸🦅🫡