serapath【ツ】☮

The Secret History of Satoshi Dice Arguments made in 2025 are 2013 all over again. https://www.youtube.com/watch?v=apup9vrQEaM

Zooming into the US Dollar System

Absolutely. https://youtube.com/shorts/yIdr3jJ9juk?si=k6n67twjutAUJbl9 This needs to become an important discussion topic to educate more people in the bitcoin community who might not yet understand this. This will help us as a bitcoin community at large to resolve differences and avoid division

Interesting to learn, that **Bitcoin Core** is maintained by employees. The marketing bitcoin core was "decentralized" because it has so many contributors is a farce. There is no formal process, but instead a handful of existing maintainers pull in/up new contributors instead of the other way around. And of course, everyone is incentivized to stay on the payroll - ultimately who pays decides. https://www.youtube.com/live/3BFgoQawG7Q?t=8188s Thanks nostr:nprofile1qythwumn8ghj7cnfw33k76twv4ezuum0vd5kzmp0qy88wumn8ghj7mn0wvhxcmmv9uqzq7el0qph2p6x7325zw3zr7qfvhhvk600xz8jatga4zwv9jy396tgl0dzev for shedding light on this. In fact - bitcoin developers can always ask for donations, but the point is - if you have a lot of bitcoin as a developer, you have stake in the game and helping to make bitcoin successful pays you. True decentralization means - if we already have employees implementing, then at least lets have them paid by a diverse set of companies and not all on the same group that keeps everyone on payroll. Thats really bad. I see knots vs. core as a huge improvement to decentralization and we should have even more implementations.

The gist of why knots and why BIP 444 to start making it a habit to always fight spam and fight it early, because publishing spam is a cost to spammers and to deny them their (scam) business model, mean they will sit on their costs instead of making profits from it. But if spam will cause net losses for spammers, they will not even try to spam in the first place and thus the bitcoin chain gets rid of spam, which is great. Let's all join this "whack a mole" game to proof to scammers trying to spam means making losses to stop them from even trying in the future. https://www.youtube.com/watch?v=5iUVWBr0a2U

Had a great time at Portland Bitdevs meetup 🙂 #portland #bitdevs #meetup The zines they shared are great and made by nostr:nprofile1qqsymaa58vaymd9enc7m444ap7zzyeexaltr4elqylu34j7erdxm5jqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5zkrm6f

📧 Satoshi Nakamoto's Writings https://github.com/lugaxker/nakamoto-archive

Here is how to not have core30 nodes connect to your node so your mempool wont be polluted. https://github.com/pdath/ban-bitcoin-core-v30

Regarding "knots" vs "core30" A future where nodes can filter based on format, but not content is what we need. Format filter is trivial. Content filter is hard and hence centralizing. Content filtering will be required if "core30" becomes dominat to prevent CSAM and other spam. Format filtering wont allow OFAC, because filtering transaction based on addresses or amounts is content filtering, not format filtering. A format is just a template or structure of a transaction and ignores the content. This is a fundamentally important differentiation

Bitcoin Transaction Fees and "block rewards" are incentivizing mining and re-imbursing the computational effort. It is not a fee that pays for storage. Data gets stored for all of eternity and as the network grows ever more redundantly. Fees cant pay for that. Participants are willing to store blockchain data for free, because they benefit from being able to use bitcoin because of it. The same benefit does not exist for any non-transactional data. I think too few people are aware of bitcoin fees not paying for the storage side of things, which is an important fact to consider when weighing arguments in the core30 vs knots debate

Two long interviews about the knots vs core issue. One with Jimmy Song and Adam Back. The other with Luke Dashjr and Mechanic And Jimmy Song as well. It goes back and forth a lot and both sides present their side. It's nuanced and they touch every detail https://www.youtube.com/live/9p_OBGQityg https://www.youtube.com/live/UtGC5wRWB3k My personal take: After a lot of back and forth, it really boils down to whether you want long term development towards bitcoin as money (store of value, payments, ...) or highly expensive but resilient general data storage. Knots mission statement is the former. Cores mission statement is the latter.