Jerome Powell 21iQ 40TPW's avatar
Jerome Powell 21iQ 40TPW 3 months ago
0) You're thinking in terms of bulk data storage for an individual. Think small amounts of illegal data stored/distributed by many people/groups over decades. 1-4) You haven't addressed. 5) Immutable node software running on cloud servers means nothing when the owner of those servers shuts it down for violating 6. Even with sharding, they will comply with takedown requests. 6-7) You now need to look at so called bulletproof hosting providers who's ToS aligns with your content and hope they don't get raided. 9) Because of 5-7 you need lots of redundancy. Why pay for 30k different bulletproof hosting services forever? You can pay once per Bitcoin transaction and have the data outlive everything else. 10) Suppose you're the ECB and you want to introduce a contentious CBDC. First you ban cash and let banks exchange it for CBDC. You ban Bitcoin, but your subjects keep using it anyway. You embed some hate speech (already done) in the blockchain, but you've already overplayed that card and they see through it. Sprinkle in a little CSAM on it and register them all as sex offenders. Checkmate. 11) We can eliminate all of these abuses by simply not giving non-monetary data a home on the Bitcoin timechain. BitCOIN is a "Peer-to-Peer Electronic Cash System" NOT Electronic Trash System. #Enshitcoinification
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ihsotas 3 months ago
You can store 4mb max every ten minutes so all you can do is small amounts of storage. That’s my whole point. It is a piss poor network for storage of data illegal or otherwise. This doesn’t require a point by point take down. No one would use bitcoin for any sort of systemic data storage system, at best you get graffiti or attacks on Bitcoin hoping to get the chain to fork or become compliant…this is what we are seeing now with bip-444. Fake addresses can host images just like op return. Fake addresses bloat the utxo set and are worse for the chain. This behavior cannot be stopped and can create images of unlimited size, so every fear mongering statement you just made should be reason for you to sell your bitcoin. In reality there is no legal threat to bitcoin without significant refactoring of laws. This is why your political messaging should lean to be inclusive as often as possible and why bashing suit coiners is counter productive. We want all allies we just want to be clear that you can’t change bitcoin(for example you can’t roll back the chain because a block contains transactions you don’t like).
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