Bitcoin Mechanic's avatar
Bitcoin Mechanic
npub1wnlu...n3wr
Bitcoin Mechanic's avatar
GrassFedBitcoin 2 months ago
Red Team is an effort to make it appear that all the software in Bitcoin is riddled with bugs. As I said, most of what they'll turn up is inconsequential. It is happening in parallel with an obvious state-level attack against sovereign hodlers (Coldcard users, Lightning users, BTCPay Server users) seeking to 6102 as many bitcoins as possible. The former is a coordinated tactic to obfuscate the latter.
Bitcoin Mechanic's avatar
GrassFedBitcoin 2 months ago
Current perspective - They tried to crudely wrestle control of Bitcoin away from the sovereigns with the "hard forks" in 2017. They realized that it just doesn't work. So instead this time around there's a Fabian style infestation of the space and it has become captured rather than overtly conquered. It's very hard to defend against this because the attacks are all small enough to make any concrete pushback appear to be an overreaction. Anyone who can extrapolate forward can see that anything that undermines Bitcoin's identity as a monetary protocol, if not rejected decisively, results in eventual death. It's not here to compliment the dollar, it's here to replace and destroy it. Cope to the tune of "trojan horses" is now and always was self deception. Protocol capture is real and the norm for freedom tech that reaches levels Bitcoin has. People continue to underestimate the threat Bitcoin poses to the system and refuse to understand the lengths to which that system will go in neutering it. I'll have more to say over the coming days as we establish whether the industry still respects the decentralization necessary to maintain our disruptive potential or if it chooses to close ranks and become a servant of the fiat apparatus currently coopting the network.
Bitcoin Mechanic's avatar
GrassFedBitcoin 2 months ago
If 19% want X And 81% don't care Then X is very likely to occur
Bitcoin Mechanic's avatar
GrassFedBitcoin 2 months ago
We spend one third of our lives asleep and two thirds awake. I have never had to replace the battery in a smoke alarm during the two thirds period.
Bitcoin Mechanic's avatar
GrassFedBitcoin 3 months ago
The small guys go first, not second. If you want to wait for the big guys to tell you what's up, may I suggest waiting for the next FOMC meeting. image
Bitcoin Mechanic's avatar
GrassFedBitcoin 6 months ago
Man I can't believe TempleOS is implementing age verification
Bitcoin Mechanic's avatar
GrassFedBitcoin 6 months ago
I miss when the Simpsons was right about everything - that was just depressing. Now it's Futurama that's right about everything which is leaves me fearful for our lives.
Bitcoin Mechanic's avatar
GrassFedBitcoin 7 months ago
If Bitcoin is not optimized for financial activity, people will transact off chain using trusted third parties, and the blockchain will increasingly consist of junk data no one wants to store. The assertion that Bitcoiners will out-price spammers is contrary to all evidence.
Bitcoin Mechanic's avatar
GrassFedBitcoin 7 months ago
Prompting Grok to save me time reading/rebutting Lopp's hit piece against BIP-110. Pretty decent summary. image
Bitcoin Mechanic's avatar
GrassFedBitcoin 7 months ago
According to bitnodes(.)io 7.8% of nodes are BIP-110. Luke's stats have it more like 5.7%. I'm sure some nodes have been spun up for appearances (equally sure that's true of Core nodes). I think it's fair to say there's already some genuine grass roots support for BIP-110 whilst virtually zero from companies/miners. It remains to be seen whether that's sufficient to draw in others. One thing of note is that if it came the other way around (no grassroots support, but big companies and miners all pushing for it) that'd be a far greater red flag and I'm glad it's happening the way it is.
Bitcoin Mechanic's avatar
GrassFedBitcoin 7 months ago
BIP-110 fixes taproot. Until now it has making Bitcoin less efficient at being money due to the OP_IF nonsense. We have been consuming the same resources and facilitating *less* monetary activity as a result of taproot. The alternative ways of stashing data it provides will be largely parried by the second order consequences of successful activation of BIP-110. Vid ๐Ÿ‘‡
Bitcoin Mechanic's avatar
GrassFedBitcoin 8 months ago
The correct number of files to have on your desktop is zero.
โ†‘