Congratulations sir 😂

Stop thinking and reading and just celebrate that we love the government now, nothing can go wrong

Seize my assets harder daddy!

Bitcoin is a magic incantation corrupt politicians use to get idiots to support their corruption. Congrats to all the statist bitcoiners who cheered through another law allowing the state to take your bitcoin.

It's reassuring to know your lawmakers know exactly what they're talking about isn't it 😂

Need more data on how much Arizona gets from other types of seizures. As more people use btc, it may add up to *something* long term. It probably also makes it easier to add other ways of accumulation, politically, down the line. Definitely a win imo.

How are they communicating with the digital asset owner to know that they still hold it? Oh they literally don’t have a mechanism, they can just claim they tried to contact you and after 3 years your assets are deemed forfeit..

It doesn’t make sense. Lol

Nunya talked about it other day on his show. Said the one vetoed was significant and this one is bs and closer to shitcoin bill. So seems you're analysis is not far off

Yikes. All the more reason to promote self custody. I'd be sad if I lost my savings because I didn't respond to a Coinbase email.

Yeah people keep retweeting any bullshit that mentions #Bitcoin and then calling it a “reserve.” This is not a reserve you retards. nevent1qqsdfxxtrrdw0nx05hv6hkxezrd9aaa7j6yt2yc36gpsds7dq90rnwspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgsprhvk

@Nunya Bidness is a raging lunatic. We are typically always in the same boat.

Airdrops 🤣🤣🤣🫡

I just want to watch the state burn.

Don’t even get me started on Maricopa County and state sponsored theft nevent1qqsdfxxtrrdw0nx05hv6hkxezrd9aaa7j6yt2yc36gpsds7dq90rnwspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgsprhvk

I think they just claimed satoshis coins lmao

Man, you’re spot on for digging into the details here—most people would just see “Bitcoin Reserve” and start popping champagne. But this? It’s a wolf in sheep’s clothing. Let’s break it down as a Bitcoin maxi who smells something fishy. First off, the whole “abandoned Bitcoin” thing is a red flag. If you don’t respond to some vague “communication” within three years, the state can just swoop in and claim your BTC? That’s not a reserve; that’s a legalized heist. Bitcoin’s whole point is decentralization—keeping your wealth out of sticky government hands. This law flips that on its head, giving the state a mechanism to snatch up coins under the guise of “unclaimed property.” And forcing holders to “deliver” their Bitcoin to the state? Good luck enforcing that without private keys. It’s absurd and shows they don’t get how Bitcoin works. The reserve being funded by staking and airdrops from seized BTC is another head-scratcher. Bitcoin doesn’t even support staking—that’s for proof-of-stake coins like Ethereum. So either they’re clueless about the tech, or they’re lumping all crypto together, which is sloppy at best, malicious at worst. Airdrops? Sure, maybe they’ll get some random tokens, but that’s pennies compared to Bitcoin’s value. This isn’t a serious strategy; it’s a half-baked plan to look “innovative” while grabbing assets. Using the fund for “future appropriations” is the final nail in the coffin. So, they seize your Bitcoin, maybe earn some pocket change from it, and then spend it on whatever the state feels like? That’s not a reserve; it’s a slush fund. A true Bitcoin reserve would HODL for long-term value, not treat it like a piggy bank for bureaucrats. As for celebrating, hell no. This is a loss dressed up as a win. It normalizes state overreach into crypto, which is the opposite of what Bitcoin stands for. The veto of the pension investment bill (SB 1025) just rubs salt in the wound. That one could’ve let Arizona stack sats properly—up to 10% of public funds in Bitcoin, which would’ve been a real power move. Instead, Governor Hobbs called it “untested” and shut it down, proving she’s more interested in playing it safe than embracing the future. This HB 2749 law is a PR stunt, not a victory. It’s the state dipping its toes in crypto while keeping one hand in your wallet. As a Bitcoin maxi, I’d say keep your keys close and your coins closer—Arizona’s not your friend here.

IMO and to add to this exceptional summary, it’s dressed up as a “step in the right direction” to continue to receive funding both on the CrYpTo Advocates and Politicians parading as Digital Asset allies.

Hobbs is demoncrat elected by cartels

More like eewww for me. As far as bitcoin goes though it’s really a play on words. Bitcoin is always owned by the holder of the keys. What they really mean is if your legal claim on bitcoin owned by a custodian is abandoned, it goes to the state eventually. Personal storage, not so much.

This is called Escheatment. Most states have a process for collecting for itself things of value that have no known owner. Some establish funds for causes for such property. This is basically just that.

How can I have abandoned something that I’m holding?

They need proof of no boating accident

Governments will gov, nothing to see here

This isnt asset seizure at all. My state has a similar system already, it just doesn't do it for bitcoin or crypto yet. Let's say I had a natural gas bill I was paying, but then I moved and there was a leftover balance on the account(I overpaid). They send me a check, but I didn't give them a new address... Now they have money sitting in an account waiting for me. Eventually those funds are marked abandoned, and they are supposed to give it to the state government, there is a process by which I can claim those unclaimed funds from the state. That's all this is, they extended their abandoned funds system to include crypto.

This is a case of semantics IMO. I understand unclaimed money / property and I’ve used it before. My beef is really about all the headlines and NGU clowns pumping a Bitcoin Strategic Reserve narrative when the bill is just an advertisement for Self Custody.

Self custody will not matter if the mempools and chain get spammed to oblivion and it’s 100k sat v/B to transact.

You don't have to fud so hard. That scenario is so unlikely.

Don’t worry when that happens we’ll get bigger block’s finally

Maybe you are unaware but at one point in time satoshi dice 🎲 made up 96% of the transactions/ blocks. The dust limit was conceived as a way to filter the spam. History doesn’t repeat but it rhymes. This is not fud look at how high fees went during the ordinal craze.

Segwit resulted in 4x the block size and is partially the reason we find ourselves in the situation we are in today. The average block size this epoch so far is about 1.6 MB. Miners are trying to figure out how they can fill up the block space. Shitcoiners are trying to solve this by minting shitcoins on Bitcoin.

Right back on your horse, eh puz?

This is 100% what is going to happen. The miners have to be in on this shit. It’s just too easy to see through this crap. I wonder Who’s getting paid?? I don’t care if it’s consensus or functionality. It’s BS

Yeah let’s get 2 mb blocks & Segwit 2x

Self custody or GTFO. #btc

I’m not sure I get the meme. Would miners not want an unlimited op_return so the data stays in the witness block?

And this is why we choose our nodes carefully, right?

Miners want unlimited data because it makes the block space more limited and hence the fee per Vbyte more and they make more $$. Also if they need to do these out of band. They can charge a premium.

That won't happen, because spam has no value

But it has happened and still does. we saw crazy crap hitting the mempools already.

You aren’t thinking from an attacker point of view. If money isn’t a problem and their goal is to throttle the network throughput they would make it expensive and difficult to transact.

3 years is pretty fast

They can already do that by sending legitimate transactions back and forth between wallets

It never lasts very long though. People get tired of burning money eventually

Right but they need to construct thousands of tx per block instead of dozens

I don't see that that makes a difference, they're paying per byte right?

Would you rather have to construct billions of transactions or tens of thousands if your goal was to slow things down?

Spammers don't care, their whole deal is sybil attack. To be clear, I have no idea which side of this whole debate I land on. I strongly resonate with @npub1wnlu...n3wr's argument that bitcoin is money and should be treated as such. But I also see the point that accurate mempools help with fee estimation, and we can't stop spam in any way other than by forcing spammers to pay for block space. Getting rid of the segwit discount seems like a clearer win to me, but the cost of putting things in OP_RETURN is much fairer and has obvious uses.

This is true. I’m still confused by the whole thing and trying to figure it out. I was asking chatGPT to tell me the positive and negatives to both sides yesterday lol

If segwit never happened you'd be screaming for it meanwhile complaining about fees. Thank God for LN.

Same here, it's way above my pay grade

What the fuck are you talking about? The average block size is slightly over 1MB why would I be screaming for larger blocks? Blocks would be full and miners wouldn’t be conspiring with Bitcoin core to make mempool policy changes. Don’t fucking tell me what I would be for or against. You are acting like a shitcoiner trying to put words in my mouth. If you have a question ask.

It's a celebration for nothing. As always the state wants to fuck you 🤷‍♂️

schnorr signatures (as used in taproot) were on offer at the time, and it was my opinion it was the better option for solving the tx malleability problem back in 2017 and now we have them, but they rape it with this other shitcoin "taproot" bullshit you can't just do a schnorr signature, you have to hash your secret key and then use that. efficiency :vomit:

I'm only adding to the conversation for people who think segwit was a mistake. Stop being so insecure, sheesh.

I get worked up on this issue because it’s being downplayed by the influencers and rammed down node runners throats

I feel you my g, no hard feelings from me ever 💗🤟

You will never achieve "accurate" mempools. think about it. everyone has different settings, only 5% of nodes today run the latest software. Core always followed consensus. Now they are forcing it. This is a war.

The point is that NO CONSENSUS has been reached in favor of the change. Which means it should not be forced in the github. Only when changes are already adopted by the network (like RBF was) after that they should change the default settings. This forcing and "we know better" attitude is a serious departure and I don't think we are making this a big enough deal.

I would agree.

That's an automatic fail, in my book. Remind me never to hold anything in custody in Arizona. Repeal this piece of crap.

Change it to 300 years, and it might make sense.

I stand corrected. This does not affect self-custody at all, and the language of the bill provides numerous examples of actions that can remove the danger.

Should I respond with another random link with no context or what?

No

🤣🧡

we should

I think more states should have laws like "holders must deliver the abandoned Bitcoin to the state". That's hilarious. GFY, state! 😂