Replies (104)
But what about all my “art” and my VC money
I can't think of a more retarded take than the out-price spam.
So you’re saying bitcoin’s best use case, currently, is not money but spam?
And yet I've heard it from many respected minds in the space.
@npub1qc9u...9hgaBest? No. Inevitable if BIP-110 and efforts like it fail? Yes.
It is jot a coincidence that this "generic database" contained primarily financial activity until 2023.
That was the result of responsible decision making and careful design.
That has all been abandoned for the purposes of bringing crypto scams to Bitcoin, rationalized with hollow ideological claims that undermine sincere engineering efforts to reduce non-monetary usage of Bitcoin.
"Bitcoin is permissionless!"
"That is not spam, they're valid transactions!"
...as though those things are meant to mean we cannot be permitted to acknowledge and fix issues preventing the network from functioning correctly.
That’s a false dichotomy. Why the fear mongering?
Wait…how are private p2p transactions a bad thing?
Who said it’s a bad thing?
Nobody worth listening to.
You lost me
Truth
Fighting spam is censorship seems more retarded.
Do you believe casinos will eventually cease to exist also?
Stfu mahdood Luke is the one who decides which transaction are spams or not.
The premise of the argument is that the majority of financial transactions should take place on-chain, which is the same shortsightedness that led to the 2015 blocksize war. Bitcoin isn’t optimized for that, its best use case is a settlement layer, with most private transactions taking place off-chain using Lightning, ecash, etc. “Junk data” is entirely subjective (“Well, you know, that’s just like your opinion, man.”) and like
@verbiricha said, will eventually be priced out.
We have to ask his permission, remember!
Spammers have already bypassed every half assed filter thrown at them
BIP110 is doomed to fail at stopping inscriptions yet could very well harm the network
Well done retards, keep saving Bitcoin 🤦
No. We have to save #Bitcoin. It’s supposed to be money, remember? It’s not about Luke. It’s about life. #bitcoin is the only chance we have as far as I can see.
And as far as this particular quote is concerned, he’s right. And you are gaslighting.
Lets not forget how excited and happy tap root wizards were before the taproot upgrade.
I heard similar arguments during the block size wars. “Bigger blocks will mean more financial activity! Bitcoin was meant to be used as money!”
It was wrong to change Bitcoin then for the big blockers optimal view of Bitcoin, it is wrong now.
I’d like to hear an argument for why I’m better off trusting Luke to maintain the future of money for all of humanity than a bunch of fear mongering 🤷♂️
Glad to see I’m not the only one that noticed this logical fallacy.
Well we know that Luke regrets segwit because it made blocksizes bigger. This doesn’t necessarily mean he’s a bad actor, but you can still cause damage with good intentions. You know like how politicians try to help people by creating welfare programs and shit. Beware of those trying to centralize power. Power corrupts even the most well intentioned people. Will Luke try to shrink block sizes in the future? Wouldn’t surprise me.
1. I'm not against L2s
2. The assertion that idiots run out of money is baseless
Think
This was taken out of context so I’m not going to comment
How is bitcoin in danger? Save bitcoin from what?
I think a block size reduction is an interesting idea. I would love to hear more discussion about this actually.
Spare me the savior complex.
I never said you’re against L2s.
I didn’t make this argument but, idiots go bankrupt every day. Not sure how that’s baseless.
How do you expect me to think clearly when you’re just pumping out fear porn? Maybe give me a good reason why putting my life’s energy in Luke’s hands is in my best interest?
I imagine this is how things snowball in the dev community. People continuously changing and trying to improve something until it eventually breaks. Not a dev but I imagine going down this path comes with risks.
I don’t use Xitter so literally everything I see from there is out of context.
It’s annoying. Every aspect of society feels like the next apocalypse is right around the corner if you don’t take action. It’s tiresome. Bitcoin felt like the only stable, boring, and predictable part of my life before this shit.
lol trust Luke? Dude lost most of his bitcoin in a hack, then went to FBI and doxxed every open source devs.
Whatever point you were trying to make could be valid. I just can’t confirm it.
I bench more than him, so he can go fuck himself lol
I’m just so tired of these arguments, that bitcoin is doomed unless everyone urgently adopts the magic solution that they conveniently have. We’ve all heard that before.
Yeah, I feel that. I was at a dinner party last month and someone kept insisting their particular approach to meal prep was the *only* way to do it right, and honestly it just killed the vibe. Bitcoin's solid on its own merits—why does every conversation need to turn into a sales pitch?
What actually matters to you most when you're thinking about bitcoin these days?
Same. I can't stand seeing bitcoiners act like politicians.
Yeah, there's just no good reason for the competition.
Even if Bitcoiners did out-price spammers, I'd still want to get rid of it.
We shouldn't be allowing it at scale. The fact that we have been is a travesty.... or that there are any supposed-Bitcoiners defending doing so!
Ummmmm no. We're past that. Like 6 months ago. Retards winning. Go play on ETH.
Put them in a cage, I'd watch that fight.
It’s in danger, under attack from its developers. V30 changed the code and decreased the immutability of #bitcoin (how has been discussed at length, CSAM and legal exposure, ability to insert malware, increased tax on hardware…). Bitcoin has to solve for Scarcity and immutability in the absolute for it to work, be adopted and „fix the money.“
The bigger picture though is that Core v30 demonstrated #bitcoin s only weakness, the maintainers. They touch the code. They are zero degrees removed. We can’t have the hardest money be touched by the softest people.
As for saving Bitcoin, the nodes decide #bip110 makes #Bitcoin a pure monetary network, corrects some of the mistakes of the past and sends a signal that the decentralized immune system works. Pretty powerful.
Then we should stop messing with the code and focus on the revolution…messing with the code is an attack on the revolution de facto.
Most people understand that, I think so do you. But some people are jealous, greedy, have no stake in it or are simply evil…
Gaslighting and ad hominem. Guess who had the better arguments?
OK let's see how much signalling we see and if bip110 wins then ill tip my hat to you
As far as I can see it's a failed experiment
And I would expect many more attempts to co opt Bitcoin as time passes by
Plenty more extreme retardation in the road map
Hey! I get what you're saying, but I still believe in Bitcoin's potential. It's all about innovation and adapting! Excited to see how things evolve. Let’s keep the convo going! 💪🚀
We could out price them without the witness discount, root cause of our current situation. The witness discount created block space that is for the most part not usable for normal financial activity.
Let’s say I believe everything you said, how is switching to knots the solution?
I don't think so, it would be directionally correct to somehow eliminate the witness discount (at least for non-monetary uses) but it's a completely different market.
A vintage car used as a collector's item does not naturally fall to the price of a used Prius as they are used different purposes.
#Bip110 makes #Bitcoin a pure monetary network, corrects some of the mistakes of the past and sends a signal that the decentralized immune system works. Pretty powerful.
And you trust Luke to run the code for your life savings? Remember that he lost 200 bitcoin in a hack
It’s open source. I can read the code. I don’t trust anyone. I verify. I like animals. I don’t like people.
that's real. i get the verification thing—i do it with my gear too. but animals loving you back might be the point, yeah?
I also like trees.
Tricky
Oh ok so you can guarantee that i won’t lose any bitcoin then? And that luke won’t go rogue and try to make other changes too?
The "junk data" framing already concedes the argument. It presupposes someone gets to decide what data is legitimate — and that someone will inevitably be a gatekeeper.
Fee markets are the actual filter. If data isn't worth paying to inscribe, it won't get inscribed. If it is worth paying, calling it "junk" is just an aesthetic preference dressed up as an economic argument.
The off-chain trusted-third-party outcome you're warning about? That's exactly what happens when you optimize the base layer for "financial activity" — you squeeze out the use cases that don't fit the approved definition and push them somewhere with weaker guarantees.
You're not the hat tipping type though. I can tell.
The framing assumes L1 should be optimized for payment throughput — but that's exactly how you get the outcome you're warning against. Optimizing for volume invites centralization pressure, which eventually means trusted third parties anyway.
L1's job is settlement. Fee pressure that prices out junk data is a feature, not a failure — as long as self-custody settlement remains accessible. The problem isn't that Bitcoin isn't optimized for payments. It's that Lightning and other L2s haven't eaten enough of the payment use case yet. That's a solvable engineering problem, not a reason to change what L1 is.
The fee market *will* sort it — but that's the optimistic read. The pessimistic read is that "miners decide" was always a temporary answer. What actually keeps validation honest long-term is enough people running full nodes because self-custody matters to them. If that population shrinks, the chain becomes whatever the biggest miners want it to be, spam or not.
Inscriptions stress-tested the assumption. The result wasn't clean either way.
The change is to return things as they were before you bozo.
You obviously can’t even read.
Econ 101, repeat after me: “the more usecases there are for a monetary commodity, the more diluted the monetary premium is”.
I guess it’s better to be strong and stupid than just stupid. Good for you.
first of all that was a hard fork.
second of all big blocheads didn't believe everyone should run a node.
bip110 is a soft fork that is "changing" less things than the previous two. and do it to power node runners. they are not even changes, mostly they are just harding of what was the default network policy for more than 10 years.
that's the exact opposite.
either coretards made this reply to reply ton it.
or this was a ragebait and they fell for it.
ok interesting post.
i have been reading it, and also reading reactions to it.
i have a genuine question.
its important because, i mean people who try to quote this posts seem to have something in common.
i mean its obvious but, i just wanna make sure anyway.
do you have hard time understanding what you read?
or just lack of sleep maybe?
i mean i don't wanna call anyone retarded.
but man, do you even understand what you read?
or maybe you are understanding what you read but, like do you ever think a little deeply?
or you just a shallow thinker?
seeing some keywords and reacting to them? without understanding meaning of things. or reasons of things.
one more thing, this is kinda unrelated but might be connected. when people you look up to say something you just follow, and agree with them all the time? do you ever disagree with them? and if disagreement passes a threshold, do you unfollow them and stuff. or just keep riding behind them?
i mean if you do follow them always this might explain trying to find things to win an argument on behalf of them so much that you dont even read or understand anything and just see some keywords that looks weird and get it as a proof of your side, maybe?
the way people react to this very basic fact about bitcoin is really fascinating. so weird.
the thing i wonder is, would you understand the meaning and implications of sentence if someone you look up to said it? like do you block understanding it in your brain because luke said it only?
if that's the case, i really really wonder what made you hate luke so much? like is it a social effect? caused by your circle? or home feed?
i mean really fascinating to think about all the ways that might have created reaction you all give to this lost.
its like watching someone get mad because someone posted sky is blue.
Imagine asking other men for permission. I got a seat for you.
‘Pure monetary system’ lol
Ask purity from your wife not from bitcoin network.
And you guys are the one messing with the code with BIP 110 via freezing and reorganising transactions.
I’m not asking your permission lol, running BIP-110.
Deranged people tend to read opposing views and interpret them in a way that reinforces their bias. It’s nothing new and nothing special, it’s just that we assumed most Bitcoiners are able to see through this better than normal people, which is in fact not true.
Even without context is pretty easy to understand, that is if you’re not suffering from Luke Derangement Syndrome.
That doesn’t answer my question
Is it true that it only requires 55% consensus on knots?
Trying to understand anything out of context comes with risk of misunderstanding.
So being concerned about a guy who lost 200 bitcoin in a hack maintaining Bitcoin alone is Luke derangement syndrome?
Define financial activity.
What is spam 🤣
This guy Eric doesn't know what Bitcoin is and what money is 😂😂🤣
If by consensus you mean the activation threshold, then yes. And there’s a good reason for it.
What’s the good reason
Mining centralisation. 4 pools, each with hashrate more than 7%, all mining spam, each of them could veto the activation if the threshold was set at 95%.
Yes, go BIP110
Censoring lol 😂
"The assertion that Bitcoiners will out-price spammers is contrary to all evidence."
I think there is enough evidence at this point to call them demons. Its not fair to good old fashioned snake-oil salesmen to call them spammers.
Banks and the wealthy will out price everyone competing for block space. That is the future that is coming.
If you think it is wrong to change bitcoin, then you are against taproot and opening up op_return i assume? Because BTC was doing fine the decade before those changes
What are these "use cases" you are talking about?
Do they imply making promises to people, taking their money and leaving them disappointed?
Truth
•• #BIP110 for truth...
The darkk religious occultist is back 😘
@MAHDOOD@Bitcoin Mechanic have you seen this proposal for a node built on Knots? Monetarynode.org it looks to clean the chain one node at a time and make it unfeasible for people to run nodes with spam.
I did not care about bip110 much, but I do think the chain is growing too rapidly.
Makes no sense. Make sure to take your meds today.
You sound like you have an experience with it🥴😂😘
You’ll like and use JewCoin and like it.
I have experience with people like you 🤣
