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.

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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.
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Bitcoin Mises 7 months ago
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.
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Cody 7 months ago
I think a block size reduction is an interesting idea. I would love to hear more discussion about this actually.
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.
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! 💪🚀
It’s open source. I can read the code. I don’t trust anyone. I verify. I like animals. I don’t like people.
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.
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.
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.
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cohomology 4 months ago
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
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cohomology 4 months ago
What are these "use cases" you are talking about? Do they imply making promises to people, taking their money and leaving them disappointed?
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