Notes (20)
WTF

Bitcoin Core
We are Bitcoin now.
You will obey us.
On this day in 2002, #Tor was launched. What began as a Naval Research Lab project has grown into a global symbol of online privacy. Today, 23 years later, it’s still protecting millions.

Why Bitcoin Core V30 is flawed:
Unlimited OP_RETURN is reckless
CSAM is a serious attack vector
Run @BitcoinKnots
So why have multiple implementations?
•A monoculture results in the dominant software having too much control over the protocol direction
•A bug in the reference client can bring down the entire network
• Virtually all successful internet protocols have human-readable specs (RFCs) backed by multiple independently developed implementations
— Dave Collins, May 2013

The Bitcoin Cantillon Effect
If fiat money creates insiders close to the money printer… does Bitcoin have its own?
Are early adopters, miners, and devs the ones sitting closest to new issuance?
Do OGs act like a kind of mafia, protecting their influence over code, culture, and capital?
And if so … is Bitcoin really an escape from the Cantillon Effect, or just a new version with different gatekeepers?
Running Bitcoin Knots
Everyone: Bitcoin is money
Bitcoin Core:

Bitcoin Core needs a time out.
The developers may be technically brilliant, but they have lost ground with the broader community and the many people who have entrusted their life savings to Bitcoin.
Bitcoin is money. Spam has no place on the timechain.
Bitcoin Core must change course
Bitcoin Core needs a time out.
The developers may be technically brilliant, but they have lost ground with the broader community and the many people who have entrusted their life savings to Bitcoin.
Bitcoin is money. Spam has no place on the timechain.
Bitcoin Core must change course
Npub.cash = custodial Lightning service
Cashu = custodial ecash via a mint (unless you run your own)
Both are cool experiments for privacy & UX —
but don’t confuse them with Bitcoin self-custody.
Not your keys, not your coins. 🧡
JPEG spam is economic activity but it's extremely wasteful.
Store JPEGs in other places which are optimized for that like imgur, ipfs etc.
Bitcoin is money
Say no to Spam on the Timechain
Bitcoin is money
The real risk isn’t just a 51% attack.
It’s insiders colluding with VC money to change Bitcoin’s code paying devs to include spam.
That’s cheaper than mining attacks.
Run @BitcoinKnots
Security is not binary. Filters are economic tools.
They raise friction & time-to-relay. If a minority of nodes/miners carry sub-1sat, you get leakage, not failure.
The goal is not to stop every tx everywhere, but to prevent the network as a whole from becoming a free relay for spam (ie, dick pics, child abuse)…
A filter that reduces bandwidth/mempool abuse by 80–90% is still doing its job.
Or is your pushback less about principle and more about VC profit-making?
Security is not binary. Filters are economic tools.
They raise friction & time-to-relay. If a minority of nodes/miners carry sub-1sat, you get leakage, not failure.
The goal is not to stop every tx everywhere, but to prevent the network as a whole from becoming a free relay for spam (ie, dick pics, child abuse)…
A filter that reduces bandwidth/mempool abuse by 80–90% is still doing its job.
Or is your pushback less about principle and more about VC profit-making?
Security is not binary. Filters are economic tools.
They raise friction & time-to-relay. If a minority of nodes/miners carry sub-1sat, you get leakage, not failure.
The goal is not to stop every tx everywhere, but to prevent the network as a whole from becoming a free relay for spam (ie, dick pics, child abuse)…
A filter that reduces bandwidth/mempool abuse by 80–90% is still doing its job.
Or is your pushback less about principle and more about VC profit-making?
Security is not binary. Filters are economic tools.
They raise friction & time-to-relay. If a minority of nodes/miners carry sub-1sat, you get leakage, not failure.
The goal is not to stop every tx everywhere, but to prevent the network as a whole from becoming a free relay for spam (ie, dick pics, child abuse)…
A filter that reduces bandwidth/mempool abuse by 80–90% is still doing its job.
Or is your pushback less about principle and more about VC profit-making?