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forwardsteps 🧡
forwardsteps@mynostr.com
npub15tdn...67mv
Located Western Australia 🇦🇺 #austriches First on Nostr Wednesday, August 28, 2024. Bought our first sats 8 May 2021. Please note that I don’t respond to personal messages. My website is:
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Forwardsteps 3 months ago
GN Nostriches ✨🌙 Fun fact about koalas: Koalas are one of the very few non-primate mammals to have individual, unique fingerprints. Under a microscope, their loops and whorls are almost identical to human fingerprints. image
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Forwardsteps 3 months ago
Saving this video here for me to watch tomorrow. Getting a bit late to watch tonight. Wanted to share it now though. It's important! 🧡 Thank you @The Bitcoin Way and @Tony | thebitcoinway.com YouTube video description: Bitcoin BIP-110 has triggered a major debate among Bitcoiners, pitting Bitcoin Core against Bitcoin Knots and raising critical questions about network security, node sovereignty, and blockchain data limits. In this episode of The Bitcoin Way podcast, Kyle and Bert break down the technical implications of BIP-110 and analyze why this consensus change is so controversial. From the history of OP_RETURN limits to the potential risks of a chain split, this deep dive provides the clarity you need to navigate the current Bitcoin node landscape. If you are struggling to decide which node implementation is right for you, or if you simply want to understand the consensus rules governing Bitcoin nodes today, this conversation is essential listening. Running a Bitcoin node is the ultimate act of sovereignty, but it requires understanding the rules you are enforcing. We explore the seven consensus restrictions proposed in BIP-110, the risks of single-maintainer governance, and why individual node operators remain the final line of defense against network changes. Verify, don't trust. Timestamps 0:00 Introduction: Bitcoin's biggest battle 2:17 The history of OP_RETURN and data storage 6:10 Consensus vs mempool policy explained 12:40 Core v30 and the removal of limits 17:46 The rise of Knots and grassroots node running 23:01 What is BIP 110? 29:37 Chain split scenarios and risks 36:54 The neutral approach: What should you run? 44:02 The seven consensus rules of BIP 110 58:11 Governance concerns and single-maintainer risks 1:06:03 Why running a node matters 1:06:36 Final thoughts: Verify, don't trust
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Forwardsteps 4 months ago
More and more "tracking and compliance" in Australia. Hubby and I too old and not wealthy enough to move to another country and sort out all that kind of stuff. We'll just quietly sink away into that giant dark hole. :( Gosh, that sounds depressing! LOL :) Screenshot from our accountant, plus I checked out EasyAML image
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Forwardsteps 4 months ago
GM For those of you in USA, Happy 4th July for your tomorrow! :) image
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Forwardsteps 4 months ago
What's this? Showed up in my feed. I'm certainly not trusting it. 🫣🥴 image
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Forwardsteps 5 months ago
GN Nostriches Watched movie called The Departed tonight. Had seen it a long time ago. Great film. 🎥 With Jack Nicholson, Matt Damon, Leonardo DiCaprio, Mark Wahlberg, Vera Farmiga, Alec Baldwin, Martin Sheen, Ray Winstone and other great actors, what could go wrong? 😑 image
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Forwardsteps 5 months ago
In The Honest Money Show, I just heard Peter Dunworth from The Bitcoin Adviser say that Australia has the largest bureaucratic administration out of any country in the world. Four times more bureaucrats and administrators in Australia than there are in China. 🤬🤯🫣😳 #aussie #australia
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Forwardsteps 5 months ago
While I’m working I’m listening to @Matthew Kratter and @Brandon Gentile Terrific conversation. One of the stand out questions for me was, “Are people actually interested in having sound money?” I might have rephrased it, however you get the gist. It’s such a very important question for the future of humanity. Another powerful line, “Bitcoin cannot be rebooted if it fails: why the immaculate conception of Bitcoin makes this the only shot humanity gets”. Timestamps: 0:00 — Stanford PhD dropout turned Peter Thiel hedge fund analyst explains his unlikely path from English literature to global macro trading. 15:58 — Bitcoin's toxic maximalist culture peaked in 2020 and 2021, why the social layer has since collapsed. 21:35 — Kratter reveals he has had to publicly attack former friends and allies Adam Back and Michael Saylor to protect Bitcoin's integrity. 24:54 — Culture is upstream of consensus: why the Second Amendment analogy exposes the slow death of Bitcoin's core ethos. 33:40 — The real Bitcoin adoption checklist: self custody, running a node, mining, CoinJoin, and Lightning 35:36 — Iran accepting Bitcoin for crude oil insurance is a direct and deliberate attack on the petrodollar system, not just a sanction workaround. 40:50 — Stablecoins are actively extending the life of the fiat system Bitcoiners claim to be destroying. 43:48 — Bitcoin OGs pressured him to stop criticizing Tether 49:09 — Bitcoin cannot be rebooted if it fails: why the immaculate conception of Bitcoin makes this the only shot humanity gets. 53:47 — Five mining pools now control 90% of all Bitcoin blocks 58:33 — The history of Bitcoin Core as a reference implementation and why centralization of node software is as dangerous as mining centralization. 1:00:58 — Satoshi himself built the original mempool spam filters, and Kratter argues anyone calling filters censorship is calling Satoshi a censor. 1:22:02 — Bitcoin Core version 30 blew open OP_RETURN in a process Kratter says was decided behind closed doors with critics locked out of GitHub. 1:24:23 — The mining pools, Bitcoin Core, and big Bitcoin media all benefit from spam — leaving node runners holding the garbage forever. 1:28:09 — BIP 110 explained: a temporary conservative soft fork designed to pause spam use cases and buy the community time to fight back. 1:31:04 — Kratter issues the most alarming warning of the episode: Bitcoin Core's OP_RETURN expansion has opened the door to child sexual abuse material permanently embedded in the blockchain. 1:37:09 — The weed and garden analogy: why Bitcoin Core's sophisticated arguments for allowing spam are the exact red flag that reveals bad intent. 1:39:01 — The Brink funding scandal exposed: a nonprofit was paying the salaries of multiple Bitcoin Core maintainers while its director was in a relationship with a developer who then gained commit access to the code. 1:42:07 — Hard forks versus soft forks explained from first principles, and why BIP 110 as a soft fork is structurally the most conservative possible path forward. 1:49:40 — The tragedy of the commons: miners get paid to include spam but node runners have to store it forever, and the game theory is not correcting itself. 1:54:13 — Bitcoin has lost its adversarial thinking culture, and Kratter warns that magical thinking among Bitcoiners is one of the biggest threats to the network's survival. 2:02:49 — Kratter voted for Trump, admits the swamp was never drained, and says the government is not going to save Bitcoin — only node runners and hodlers can. The closing thesis: Bitcoin defunds war and empowers the everyday person, but none of it is guaranteed and the remnant must stay vigilant to pull humanity through.
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