bitcoin has been running for nearly 17 years
at the protocol level, no transaction has ever been blocked, no coin has ever been seized
not enough people appreciate the magnitude of these simple facts
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Replies (84)
Happy holidays to you and your loved ones π«‘π
Magic
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It's why nothing matters not your 401K, not your stocks, not your fed account, not your yield account, not your credit score.
Nothing matters if you only hold Bitcoin. You don't have to worry about any of those things.
Really amazing! π₯
They willβ¦.
Its Simplicity is underrated
And I doubt it will ever will be, despite ppl's terrible instincts
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Yet the majority of people are more afraid to hold Bitcoin than Cash π€·π»
π―. A perfect record of p2p bitcoin transactions.
Realmente muchos no saben lo valioso que es Γ©sto
Quite a few coins have been seized
WINNING for 17 years straight.
First, coins got unspendable from prior forks at homeopathic quantities.
Second, freezing coins with 10 years of head notice isn't theft. It's just actual holders of Bitcoins refusing to sponsor a quantum frenzy to treasure hunt lost coins.
Losing coins was always considered deflationary. We just want to make sure to avoid inflation.
Bullish
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I know what you mean, but itβs actually seized by authorities regularly.
Bitcoin worth $14bn seized in US-UK crackdown on alleged scammers
BBC News
Bitcoin worth $14bn seized in US-UK crackdown on alleged scammers - BBC News
The UK has also frozen assets linked to the alleged scammers, including a Β£100m London office building.
Why is the protocol level the trumpcard when governments have bypassed the protocol level with KYC? Now, many coins are being blocked and seized.
Bitcoin isn't private, anyone can view the blockchain and nailing it down to the individual for confiscation, is a trivial matter now.
well, sometimes I doubt if YouTube users who talk about bitcoin really want people to use it because several times it seems like they are trying to scare people by saying that having bitcoin can be worse for you with justice than doing a real crime.
This
Iβm not sure which technicality heβs trying to leverage by phrasing that wayβ¦
The position that Bitcoin is broken and needs to be fixed/updated is untenable.
This position has been wrong 100% of the time, every-time for Bitcoinβs entire history. Bitcoin is about to humble the people who believe the protocol needs to change for quantum.
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not at the protocol level
Yeah, good times!
I doubt that we can keep this up for another 17 years.
Yes this is one of the biggest argument. Or the biggest. The robustness of the protocole.
Most people cannot comprehend the magnitude of this feat.
This fact online justifies a valuation of at least a couple million usd for 1 btc
Low IQ take right here
The worst we had was Marathon mining those cucked "OFAC compliant" blocks.
No coins seized?! Wrong.
#Monero fixes this
Iβve often wondered how they physically access the keysβ¦.. or is it, how do you fancy spending 25 years in jail or give up your keys for a reduced sentence?
When language doesn't respect the realities of boundaries, then failures result at the extremes.
People are not good at understanding boundaries, even the simple Zero, close to which quantum lives.
Here's the fully described reality, this follows the very same conditional logic.
https://medium.com/@j0e810ggs/a-mirror-of-the-universes-boundary-structure-captured-in-language-3ba5f31202bd
KISS
Some people want to set the opposite precedent
People look for drama, but the real story is boring reliability. Thatβs usually how the strongest systems look.
You sure Sherlock?
There was a German drug dealer who refused to give up his keys, and HODLβd through his sentence.
I imagine the confiscations are recovered from raids and self custody, with written seed phrases, but mostly from funds on exchanges.
Stay humble and stack memories with your family on the 25th of December.
2026 looks bright as fuck.
Consider home mining with your excess solar energy with a Canaan AvalonQ.
Consider facilitating micro loans to small business owners in El Salvador.
Consider gifting Bitcoin to a younger sibling or niece / nephew for Christmas.
Consider running your own node for the first time.
Consider supporting your independent news outlet / information source of choice financially.
Nothing moves if nothing moves.
Donβt think - act.
Big love β€οΈ
Dunno if youβre aware of whatβs happening with Natalie Yamb and a couple other YouTubers being sanctioned by the EU, but think sheβs using Bitcoin(and prob shit coins) to survive now sheβs locked out of banking. Good interview with her today on the βNeutrality Studiesβ channel.
BIP 6102
#plebslop
Sending p2p they have not been, however sending to an exchange or other intermediary you run the risk of having coins seized
This π―
Wasn't the rollack of the inflation bug (184 billion Bitcoin bug) somehow confiscating coins?
I'm not saying that it wasn't the right thing to do...
Liar. There are exceptions of seized/blocked coins at the protocol level, unfortunately.
Just like the Spotify hack, the vulnerability in the old world would be exposed before it hits the new
I have to say that you have a unique ability to communicate things. I will adopt that comment into my "orangepilling tool kit"
True. Thank you satoshi π«‘π§‘π½
I have read several times where governments have seized this type of currency; why do you lie?
They seize the physical copy of seed phrases or private keys. They canβt seize it through the network itself. Thereβs a big difference.
I would challenge that slogan - it is a partial truth.
True but not truthful.
What about August 16, 2013 - Bitcoin Core version 0.8.0 ? How do you square that with the "no transaction has EVER been blocked" ? (cap-case - emphasis by me) And yes 99.9999% is a gold-standard.
I am specifically, criticizing that using "the protocol level" qualifier is more an "ideology wish". It completely ignores the background and the factual tangential risks of blacklists and all that censorship agenda by the U.S. Office of Foreign Assets Control (OFAC) that ultimately can only agitate Bitcoin network resilience.
When I read your post my immediately though was shit - "who gives a f#ck about protocol, when building privacy tools land you in jail."
sorry - disagree big time - and clearly enough people do appreciate the viability of the WHOLE network - the ultimate expression of people-to-people inguenuity.
If you say so.
True
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Ride or dies! π«‘π₯
Cypherpunks should continue to code privacy tools and create a better society without permission, but they must do it anonymous/pseudonymous.
no caps odell is my favorite odell
It is such a beautiful system
No coin has ever been seized? How did US Govt got the 200k BTC?
#facts
The same goes for Monero.
But few appreciate the simple fact that Monero transactions are obscured by default. There is no exchange or government or other entity that can track you through the blockchain to see who sends how much to whom.
The idea of digital cash, with absolute privacy by default, is a tremendous concept. And it exists right now!
Stack digital cash!
Don't be afraid to spend some, too -- it costs pennies at most to send!
#XMR
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Or like the inflationary overflow incident in 2010 when Satoshi forked away (aka confiscated) UTXOs that would have broken the system. It's easy to be cute and virtue signal simple principles, but life is dirty. Sometimes you have to confiscate specific UTXOs to save the network as Satoshi did in 2010. And in no way is this a slippery slope to confiscating any UTXO, literally nobody really believes that
There are many people who have made long term arrangements to ensure their kids and grandkids get access to some bitcoin. They did this because it is a fair set of rules we agree should be in place for at least hundreds of years. Casually proposing we freeze or steal from these visionaries goes against everything bitcoin has ever stood for.
Insanely beautiful
They stole it from someone who didn't protect their keys properly.
We'll make an exception for Satoshi to patch a bug, especially since it was 2010 when the entire community consisted of like 20 nerds on bitcointalk. For anyone trying to confiscate UTXOs today, they can go fork, I'm not interested in a form of bitcoin that cannot be used as generational wealth because you need to check Twitter every 5 minutes to see how to stop your coins from being stolen at the protocol level.
That just means you need to study harder.
Sounds like you've been smoking too much crack.
That's why mining is adversarial
You're making a category error. Not your keys, not your coins.
Proof?
π§‘
True but the reality is the sheep have adopted KYC-bitcoin en mass. Therefore bitcoin is being blocked and seized at will.
Sucks for them. They should study bitcoin.
No. The supply overflow was an exploit Satoshi fixed.
this... just sayin' - #bitcoin
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BIP-30 by Pieter Wuille.
Bitcoin's, decentralization, & anti-fragility only exist due2 node runners' constant vigilance 2enforce validity 2work as ONLY money.
Infighting is a need. That's how immunities are developed.
We humans are what seeks 2destroy btc & what seeks 2keep it alive.
No dick pics, thank you.
Bitcoin's, decentralization, & anti-fragility only exist due2 node runners' constant vigilance 2enforce validity 2work as ONLY money.
Infighting is a need. That's how immunities are developed.
We humans are what seeks 2destroy btc & what seeks 2keep it alive.
No dick pics, thank you.
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Oops - They do it all the time people.
MSN
Chinese woman convicted in UK after 'world's biggest' bitcoin seizure
UK police seized crypto worth over Β£5bn from Qian Zhimin, who was known as 'the goddess of wealth'.
Tom
FBI seizes $2.4 million in Bitcoin from member of recently ascendant Chaos ransomware group
The FBI scores a win against the dangerous Chaos ransomware group.
Excuse me sir, but what about the inflation bug fix? Or this instance? Can we stop parroting things that just are not true and look like clowns later?
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βno coin has ever been seizedβ
I can name two instances that disprove this claim, and there could be more, idk. But your favourite OG influensoor prefers not to count those, bc the rosy narrative wonβt stick.
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He has the unique ability to twist facts and say half truths. This one is a prime example. Coins have been confiscated *on the protocol level* at least two times in Bitcoinβs history.
This and letβs not forget the inflation bug fix that in reality confiscated *billions* of Bitcoins.
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Heβs a spam apologist and heβs been attacking every proposal that aims to rug the spammers.
Thatβs a bad look ODEL.
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1. Duplicate txid coinbase bug β BIP-30
Blocks 91,842 and 91,880.
Two coinbase transactions reused the same txid as earlier coinbases. Later ones overwrote earlier ones in the tx index. When BIP-30 locked in the rule βno duplicate txids,β the earlier outputs became permanently unreachable.
Coins were not reassigned. They were economically burned by rule finalization.
This is the cleanest example of what youβre pointing at.
2. 2010 value overflow bug β emergency reorg
Block 74,638 (August 2010).
A transaction exploited an integer overflow and created ~184 billion BTC. That block was later invalidated via a coordinated reorg and patched client release.
What happened economically:
β’ Outputs created in that block ceased to exist.
β’ Coins βspentβ from that block were undone.
β’ The supply was corrected by deleting history.
This is outright confiscation via rollback, even if justified. Itβs the strongest counterexample to βBitcoin canβt take coins.β
3. Script rules tightened via soft forks (edge cases)
BIP-66 (strict DER signatures), BIP-62 groundwork, later script tightening.
These soft forks made some scripts that were previously acceptable under loose rules no longer valid.
In practice:
β’ Very few real outputs were affected.
β’ Any affected outputs became unspendable unless already spent.
This is rare and mostly theoretical, but it fits the definition: a rule change removed spendability without moving coins.
4. OP_NOP repurposing (e.g., BIP-65 / CLTV)
OP_NOP2 β CHECKLOCKTIMEVERIFY.
Scripts that relied on OP_NOP2 doing βnothingβ could, in theory, break. Any such outputs would become unspendable post-fork.
β’ Practically nonexistent usage.
β’ Conceptually real: semantics changed, spendability changed.
Not confiscation in spirit, but yes in mechanism.
5. Anyone-can-spend outputs via invalidated blocks
Whenever blocks are later ruled invalid by tightened consensus (rare but nonzero), outputs from those blocks disappear permanently.
This happened in small incidents (e.g., early Berkeley DB lock limit fork in 2013), though coins were usually recovered via reorg. If they hadnβt been, theyβd qualify.
#7 β‘ Most Zapped Last Week
Nostrβs Value4Value (V4V) model is all about plebs directly rewarding creators for the value they receive, no middlemen fees, no ads, just pure community-driven support using sats via the Bitcoin Lightning Network.
Thanks to by @PABLOF7z for providing this data.
Here are the Top Zapped/Top Zappers from last week, showcasing creators who received/sent the most engagement:
π₯ Top 3: Most Zapped
1. Name: @FLASH
Zaps Received: 587
Sats Earned: 473k
2. Name: @Gigi
Zaps Received: 459
Sats Earned: 51k
3. Name: @Fountain Boost Bot
Zaps Received: 347
Sats Earned: 894k
π₯ Top 3: Most Zappers
1. Name: @AQSTR
Zaps Sent: 3165
Sats Spent: 150k
2. Name: @Simply Nostr
Zaps Sent: 385
Sats Spent: 9k
3. Name: @Benking
Zaps Sent: 302
Sats Spent: 1k
π° Top 3: Most Sats Received
1. Name: @RABBIT HOLE RECAP
Sats Earned: 1M
Zaps Received: 44
2. Name: @Fountain Boost Bot
Sats Earned: 894k
Zaps Received: 347
3. Name: @FLASH
Sats Earned: 473k
Zaps Received: 587
π° Top 3: Most Sats Sent
1. Name: @Bryan
Sats Spent: 1M
Zaps Sent: 3
2. Name: @npub1wrzg...cm02
Sats Spent: Not visible
Zaps Sent: 4
3. Name: @BitBetBot
Sats Spent: 184k
Zaps Sent: 59
Here are the Top Zapped from last week, showcasing notes that received the most engagement:
π₯ Top 3: Most Zapped
1. View quoted note β
Zaps Received: 87
Sats Earned: 17k
2. View quoted note β
Zaps Received: 83
Sats Earned: 10k
3. View quoted note β
Zaps Received: 79
Sats Earned: 19k
π₯ Top 3: Most Sats
1. View quoted note β
Sats Earned: 70k
Zaps Received: 3
2. View quoted note β
Sats Earned: 29k
Zaps Received: 52
3. View quoted note β
Sats Earned: 28k
Zaps Received: 27
#most-zapped_nostr_recap
ZAPLIFE.LOL
A decentralized Craigslist running on Nostr
Wrong.
1. Value overflow incident
2. BIP 16 (P2SH)
3. Bitcoind