"Filtering arbitrary data is censorship. It betrays Bitcoin's neutrality." It doesn't. Every protocol is defined by what it refuses to carry. A voice codec dropping oversized packets is not silencing speech. A monetary network that won't defend its scope doesn't stay neutral. It just lets whoever has the most resources define its scope instead. New issue: why Bitcoin isn't a bulletin board, even when the bulletins are noble.

Issue#28: The Freedom-Text Trap

Three “freedom documents” just landed on Bitcoin in three days. The texts are noble. That’s exactly why you should look closer.

Foundry USA started mining large OP_RETURN data in May. They likely 'just' upgraded to v30 and ran the default. The harm followed anyway. New piece on what changed, why it matters, and why we need BIP-110.

Issue#27: Default Is Not Neutral

Foundry USA simply upgraded to v30. The harm followed anyway

Bitcoin Block Space Health this week: - Decentralization: 61 - Security: 41 A 20-point gap inside the same dimension. UTXO set is fine. Composition is slowly degrading. Large OP_RETURN payloads pinning Security to the floor. Why a single score would erase the story:

Issue #26: Block Space Health - Structurally Weak, Acutely Pressured

BMHI dimension deep-dive. Composition is slow-bleeding, large OP_RETURN payloads are pinning Security to the floor

Bitcoin's price is mostly a bet on its structure. This week I launched v2 of The Bitcoin Portal, anchored by the Bitcoin Monetary Health Index, a 0–100 score across 7 dimensions of structural health. Methodology versioned, transparent, opinionated.

The Bitcoin Portal

The Bitcoin Portal — Bitcoin Monetary Health Intelligence

Daily on-chain intelligence for Bitcoin

SpiderPool's large OP_RETURN activity has been accelerating lately -> Five in the last 7 days. Most recent one: a 10KB MP3 (royalty-free UI click sound from http://SoundJay.com) inscribed in a single transaction via three OP_RETURN outputs, using a 'pwm1:' file-inscription protocol.

mempool - Bitcoin Explorer

Explore Bitcoin

BIP-110 fixes this.

The Bitcoin Portal

The Bitcoin Portal — Bitcoin Monetary Health Intelligence

Daily on-chain intelligence for Bitcoin

New issue: The 45% Problem 30% (3-year avg) → 37% (6 months ago) → 45% today. Bitcoin’s blockspace is getting flooded with non-financial data. The fee market won’t fix it. Miners won’t fix it. Here’s what will.

Issue #23: The 45% Problem

The share of non-financial blockspace crossed 45%. Six months ago it was 37%. The trend is not your friend.