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dgy
dgy@stacker.news
npub1zqm7...aryh
Programmer, Bitcoiner & Cypherpunk
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dgy 3 weeks ago
With the #ColdCard incident, the community has been fooled by trusting the experts. Do not repeat the same mistake by trusting them again regarding new use cases for bitcoin. Adopt #BIP110.
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dgy 3 weeks ago
Will there be books written about the current spam war like "The Blocksize War"? I guess only if #BIP110 activates. I mean, who wants to read a book about the villains winning? ;-)
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dgy 3 weeks ago
The sad thing about the Coinkite story is that for them, fighting the competitors with dubious means — domain squatting, destroying working code in order to change the license, publicly mocking new ideas, etc. — was more important than serving their customers with a secure product. Code reviews are hard, but observing the characters of people can be done by everyone — and yes, there are a lot of shady #BIP110 opponents as well. #ColdCard
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dgy 3 weeks ago
Hm, about 500 BTC moved to Liquid in last couple of days. What is going on there? More LBTC, Boltz suspended, #ColdCard hack. All coincidence?
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dgy 3 weeks ago
A wallet has to do one thing perfectly – generating a random seed. #ColdCard and Q have a lot of bells and whistles, but failed at that most important thing. A lot of additional features are a violation of the KISS principle. Therefore keep bitcoin itself simple with one task that is money by adopting #BIP110
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dgy 3 weeks ago
The price of Ethereum stagnated. Why would an Ethereum-like Bitcoin not stagnate as well? #BIP110
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dgy 3 weeks ago
If an influencer rests on his laurels and just broadcasts the sponsors' opinion uncritically, he mutates into a sinfluencer and becomes a liability to the community. We lost many on the way to block 961632, but that is life. #BIP110
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dgy 0 months ago
It is ironic that the author of a book about how fiat ruins everything is now writing blog posts about splitting coins – which is unpractical without replay protection – in order to sell them for more fiat gains; that is quite a fiat thing to do. Is it consternation that ProductionReady is a stillborn and does not gain traction like #BIP110? Leading a grassroots movement requires conviction and proof of work.
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dgy 0 months ago
If you detect the fox in the hen house, then you should drive him away — the fox here being the usual suspects aka financial industrial complex. Do not believe the blind sinfluencer telling you that there is no fox. #BIP110
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dgy 1 month ago
Scenario: Block 961632 will be delayed as everyone will apply the config change necessary for #BIP110 before actually mining it. It will be done so late and secretly that no mining pool can be blamed for setting a precedent and after that it is just a fait accompli. Meanwhile, hash power will migrate to DATUM and some hasher may leave the market entirely.
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dgy 1 month ago
Mining pool Poolin filed for bankruptcy in 2026—mining is a tough business. Do you think mining pools can play games concerning #BIP110? They will probably not survive this (price volatility, orphaned blocks etc.). Unless it is a larger conspiracy, but then the community's immune reaction would be even larger and more united.
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dgy 1 month ago
Saylor has fallen quite fast from the bitcoin Olympus. As a fallen angel, he now has to work for the financial-industrial complex, and his task as the leader of the New York Agreement 2.0 is to capture more bitcoin for building a new paper-bitcoin Ponzi scheme. His opinion is now tainted, and you should not follow his advice anymore. #BIP110
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dgy 1 month ago
The store-of-value narrative and discouraging the use of bitcoin as money are partly responsible for the spam problem we now face—underutilized block space is filled up with garbage. #BIP110
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dgy 1 month ago
Suddenly some fence sitters are worried about the chaos that may happen at block height 961632. Well, you had time for several months to think about that and prepare yourselves, but instead most just repeated mantra-like that nothing will happen. So, the shame is on you. #BIP110
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dgy 1 month ago
The Pareto principle states that roughly 80% of outcomes come from 20% of causes—the same applies to the decentralized bitcoin network. The current ~15% of #BIP110 nodes give bitcoin most of the value as they defend the network the hardest. The other part would give in at the least obstacle, like sheep.
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dgy 1 month ago
However the story ends, businesses should refrain from insulting their current or future customers. Fifteen percent of the bitcoin node runners represents a significant market share—you do not want to lose them for being reckless. Be professional and not another Braiins. #BIP110
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dgy 1 month ago
In 2017, the corporate bitcoin industrial complex wanted big blocks, and the decentralized node runners did not. In 2026, some want to do Ethereum, shit coinery, data storage, etc., on bitcoin—and they have been blocked again. So, who is who? The defenders of the network are still the same. Stunning how the opponents of #BIP110 even botched the big-blocker comparison and turned it upside down again :->
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dgy 1 month ago
It is somewhat astonishing how many people damage their reputation with a quick, imprudent statement against #BIP110. If you have other priorities, you should stay calm and not side recklessly with the spammers, as this will harm you for a long time.
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dgy 1 month ago
It is somewhat tragic to read the accusation that proponents of #BIP110 are all paid shills—though it remains unclear by whom. It seems unimaginable, in the godless fiat world of those making such accusations, that someone could act without fiat incentives. Have they never heard of doing something simply because it is the right thing to do?