i have nothing to say about what any individual thinks best serves their own interests in bitcoin.
But when a person says BIP110 is good or bad, they enter the dialogue and are attempting to persuad...
This is a fiat mindset. Bitcoin is not a zero sum game like the dollar. It doesn’t grow if “everyone acts in their own self interest”. Since its supply is fixed, and it is secured by node decentralization, it remains valuable only if the majority acts in the interest in the network as a whole.
Spam, inscriptions, Brc tokens, memecoins on chain, and “Stablecoins” (like citreas scam) are all examples of people using bitcoin “in their own self interest” and for fiat profit at the expense of node runners and network security.
You cannot honestly argue that these exploits bring value or that they are monetary transactions. It’s spam. And they are scams at the root.
A scam is defined as a fraudulent or deceptive act or operation designed to misappropriate value from participants.
Bitcoin is fundamentally peer to peer cash, and not data storage or a place for other “coins” to be stored. So these exploits are inherently scams by definition. They may not be “illegal” but if you found a way to sell tokens or store data on top of the dollar without government consent you would find yourself in jail.
You are right Bitcoin is a tool. But that tool only works because it is a positive sum game. It relies on honest node runners protecting its fundamental purpose and not being apathetic or passive about alternative use cases that harm it and obscure its identity.
Spam, inscriptions, Brc tokens, memecoins on chain, and “Stablecoins” (like citreas scam) are all examples of people using bitcoin “in their own self interest” and for fiat profit at the expense of node runners and network security.
You cannot honestly argue that these exploits bring value or that they are monetary transactions. It’s spam. And they are scams at the root.
A scam is defined as a fraudulent or deceptive act or operation designed to misappropriate value from participants.
Bitcoin is fundamentally peer to peer cash, and not data storage or a place for other “coins” to be stored. So these exploits are inherently scams by definition. They may not be “illegal” but if you found a way to sell tokens or store data on top of the dollar without government consent you would find yourself in jail.
You are right Bitcoin is a tool. But that tool only works because it is a positive sum game. It relies on honest node runners protecting its fundamental purpose and not being apathetic or passive about alternative use cases that harm it and obscure its identity.
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