From the perspective of Landauer’s principle, adding arbitrary data to Bitcoin has essentially no special significance beyond the fact that it is more information that must eventually be stored, rea...
I enjoyed Jack's talk, albeit he left a lot unsaid and some things don't click correctly to me in his speech.
About your post above, I think there's a nice idea in it!
Everything kB committed to the blockchain is physical mass and an energy requirement to supply by node runners forever. Here:
- Monetary kBs will provide ongoing network effects for the system. tx is source for txs.
- JPEG kBs will do nothing of the sort
So if:
- core is rotten and they won't cede control,
- permissiveness halts bitcoin from bitcoining in the long run that we need,
then BIP110 has to be attempted because if not, none of the problems are getting sorted and we get more anti-cypherpunk shenanigans:
- bad covenants + suitcoiners + exchanges controlling utxo flow
- fake L2s (KYC, surveillance and capital control)
- ethereumization, bitvm, shitcoinery but on bitcoin
Basically compartmentalization of Bitcoin into a meek and timid crypto-asset.
I don't want that.
About your post above, I think there's a nice idea in it!
Everything kB committed to the blockchain is physical mass and an energy requirement to supply by node runners forever. Here:
- Monetary kBs will provide ongoing network effects for the system. tx is source for txs.
- JPEG kBs will do nothing of the sort
So if:
- core is rotten and they won't cede control,
- permissiveness halts bitcoin from bitcoining in the long run that we need,
then BIP110 has to be attempted because if not, none of the problems are getting sorted and we get more anti-cypherpunk shenanigans:
- bad covenants + suitcoiners + exchanges controlling utxo flow
- fake L2s (KYC, surveillance and capital control)
- ethereumization, bitvm, shitcoinery but on bitcoin
Basically compartmentalization of Bitcoin into a meek and timid crypto-asset.
I don't want that.
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