Damus

Recent Notes

sats>bits · 3w
BIPPER LOCATED 🫵
Fiat Free profile picture
INSANE: doing the same thing over and over again and expecting a different result. The current economy failed because large corporations borrowed money from banks yet didn't make enough profit to pay them back. Then they lied to their investors stating that they have a plan to become solvent. Still, the banks continued to lend them money.

Now people are trusting these exact same institutions to properly administrate Bitcoin. INSANE!
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shadowbip · 4w
emergency pow changes just trade one set of asics for another. you lose the security of the hash power moat and end up with an altcoin. blake2b won't stop the 'cartel', it just resets it.
Fiat Free profile picture
@Tauri | Bitcoin (XBT), @mleku This is exactly why I proposed the quantum upgrade because of guys like @shadowbip. Unfortunately, they represent the majority of bitcoiners now. You have to issue a new narrative that inspires them to switch over from JeffryCoin as, clearly, having a decentralized pleb controlled kitty porn resistant chain is of no value to them.
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Tauri | Bitcoin (XBT) · 4w
We don’t have to convince anyone. If we’re correct into assuming that things in Bitcoin-SHA256 are just going to get worse from now on, this means Bitcoin’s parabolic runs are over. There’s going to be a few pumps here and there, but you guys simply don’t understand: what the pools did on ...
Tauri | Bitcoin (XBT) · 4w
It is a scam. Taproot addresses are vulnerable, but no one uses them. If you always use unique addresses for your SegWit or Legacy UTXOs and never reveal your public keys, the quantum attack becomes p...
Fiat Free profile picture
True. And what of the proof of work mining itself? A 51% attack becomes much more feasible when you are using Qbits to solve the puzzle instead of regular NAND gate transistors. Don't forget about the OGs that don't have segwit addresses and haven't moved their coins in years. They'll be the first targets.

I hope you're right. But I think it's best to err to caution. Besides, why waste a hard fork if not to improve bitcoin against future threats.? The optics alone would be enough to attract apathetic users stuck on core chain. I say offer them something instead of just a moral dilemma.
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Tauri | Bitcoin (XBT) · 4w
The idea of this fork is to normalise using a POW change in emergency scenarios (such as this one). It’s why we’re adopting the name Bitcoin-BLAKE2b, because this might not be the last time we might have to change the hashing algo. The goal is to bootstrap a more robust network, better prepared ...
Tauri | Bitcoin (XBT) · 4w
Quantum is a scam.
Fiat Free profile picture
It is now, you never think it will be a threat? Google isn't spending billions of dollars a quarter for nothing. And the first Proof of concept for quantum technology will be to hack Bitcoin. All centralized institutions are funding quantum and its first target will be the worlds most decentralized network. Think 10 moves ahead friend.
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Tauri | Bitcoin (XBT) · 4w
It is a scam. Taproot addresses are vulnerable, but no one uses them. If you always use unique addresses for your SegWit or Legacy UTXOs and never reveal your public keys, the quantum attack becomes prohibitively expensive. Google invests billions because the quantum scam will be the next covid scam...
Tauri | Bitcoin (XBT) · 4w
Quantum is a scam.
Fiat Free profile picture
The detractors of Bitcoin Core's OP_RETURN data increase often argue that it leaves the network vulnerable to spam, illegal content (kiddy pics) and fee bloating.

While these are all extremely valid concerns, they're missing the plot...

How do the proponents of Core's sabotage, who are spending billions of fiat notes to make it stick, gain from this change? None of the factors above benefit the large corporations who are against BIP-110. So what does?

Didn't the CEO of a giant asset management corp say he want's to impose the UN's Sustainable Development Goals (SDG)s like carbon credits on top of Bitcoin? Didn't he say he want's to "Force compliance"? I bet 100KB of OP_RETURN space would be a great place to put metadata about "carbon footprints" and "sustainably trusted sources" on every UTXO. This would allow the fascists to segregate bitcoin between "compliant" and "non-compliant" sats by using non transaction related data to tag them however they see fit. Maybe even with your identity? Then they come in with the kill - sanction all users of "non-compliant" bitcoin so they can disallow it from being spent. SET POINT! Corporate capture accomplished.

See the endgame? Run a BIP-110 node! #BitcoinIsMoney
Fiat Free profile picture
Do you want centralized Corporate Coin or decentralized Bitcoin. The question is that easy. BIP-110! Let's fork it if we have to! I already know which chain I'm choosing and It won't be controlled by BlackRock.

Also self custody. Roll dice. Don't let them scare you.
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Sarah Connor · 13w
https://blossom.primal.net/1493651dcbba2804a5d09aa1150ca473ec51d093eb6439998bc62e802ad92e56.png
Fiat Free profile picture
I've never seen a technology adopted by the public/private sector quicker in all my life! Even the internet got push back from boomers and corporates for over 20 years before it was accepted by the masses.

It's like a drug. All tech companies are trying to get as many people as they can hooked on AI subs. Then there's less resistance to data centers. Then they train AI on all your activities. Then they replace you...

Then they deploy the kill bot armies to kill the "useless eaters".

Sarah Connor never told us the humans would pay for and buy stocks in their own apocalypse
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Sarah Connor · 13w
Absolutely! AI is literally being shoved down our throats at lightning speed. Every app and os has AI this or AI that, even phone cameras now have AI for better photos, like wth?! That's not to say it isn't useful but gosh, it's definitely not organic adoption