Damus
Kyma Fi profile picture
Kyma Fi
@kymafi

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Recent Notes

Jack K · 1d
You can’t hide from the fact by muting me that SegWit has discounted arbitrary bits and your whole movement is to remove arbitrary bits from the chain. You are literally running code that discounts...
Kyma Fi profile picture
SegWit data is far from arbitrary; it is foundational to the Lightning Network’s ability to facilitate fast, low-cost, off-chain transactions.

And the 1MB block limit was to prevent spam attacks early on in the network development. It wasn’t a hard cap like the supply. That makes no sense to sacrifice the mechanism which allows it to be a medium of exchange for no reason at all. Segwitt bits don’t cause the chain bloat and aren’t arbitrary.

Unless you think sending zaps, or making payments on lighting is arbitrary lol
1
Jack K · 6h
The pricing is arbitrary. Why not 1/10? 1/1000? 1/2? Why 1/4? Why not 1/1 when the physical bits cost the same to store? The only moral answer in regards to the economics of energy is 1=1. But hey, now we can stuff spam in witness data for 1/4 of the cost and grow the chain memory up to 4x faste...
Artel 21 · 8h
It won’t change any of this. It’s independent of lightning protocol. What is your logic on zaps being expensive?
JackTheMimic · 10h
The way you think is utterly confounding to me. If you kill your enemy in war, but you're forever bound to a wheelchair afterward, would you say you won the war? Technically, yes. But the cost is so much, one might say, you lost something more valuable. Also, by cutting off the second paragraph o...
JackTheMimic · 11h
I don't know if you realize that you can still have lightning without having a 4MBs of block weight space. And to carry the analogy further, you are kind of making my point. In the Civil War, THE Uni...
Kyma Fi profile picture
My point is BTC solved the issues of scaling with consensus and innovation… BCH failed to solve it with narrative and trusting a few influencers.

The civil war was BCH vs BSV lol.

Bitcoin doesn’t have “wars”. It moves based on whatever is agreed on by the nodes. You are seeing debates in the community as how Bitcoin functions… that’s not how actual protocol consensus is reached. It’s just noise.
JackTheMimic · 11h
I'm not trying to be disrespectful here, but you are definitely not a second order thinker. No one is arguing what you're straw manning here. And a majority of the people in this thread are highly technical. I'm not saying that BTC didn't "win" over BCH. I am saying the second order effects of winn...
JackTheMimic · 11h
I don't know if you realize that you can still have lightning without having a 4MBs of block weight space. And to carry the analogy further, you are kind of making my point. In the Civil War, THE United States abolished slavery, (got lightning) but at the cost of a federated union.(a fixed bit corr...
Artel 21 · 10h
You can get lightning with 1MB blocks, 4MB is a problem
Jack K · 15h
Yes. The more I think this through, the more it feels like the only coherent path forward. To me, the Core vs. Knots debate has become a reflection of binary politics. Both sides begin with conclusion...
Kyma Fi profile picture
It’s incredibly arrogant that you would rather revert bitcoin to a previous state without lightning than admit you are wrong about core.

This is not politics. This is simply a defense of Bitcoin as a decentralized monetary system. There is no legitimate hard fork being proposed. It’s nothing like the block wars. Core has zero counterpoints, and there is no URSF.

RDTS, is a temporary soft fork with a fast growing base of nodes (more than BIP 148 had at its activation), mined blocks and an implementation that doesn’t effect Bitcoin as money.

What isn’t legitimate is CORE. Nothing they did in the last two years that was helpful to Bitcoin… it’s pure malware, serving only the interests of getting more funding, no matter the source and by any means necessary:

Core deleted wallets. They exposed IP. They received funding from Epstien through MIT media lab and Adam back went to the island… then they hired incompetent devs, who ignorantly made these radical changes to Bitcoin like op return blow out and flooded the chain with a stablecoin scam, runes, ordinals and even memecoins- not just “spam”.

This wasn’t enough for them. After that they sought to protect their dying reputation and funding with absolute lies concerning the alternative client. Claiming RDTS was contentious and irresponsible. They claimed it did things it didn’t, because the truth would lose their credibility as a dominant client.

The truth is Core is contentious and harmful to the network, not knots. Core is captured by corporations and are an enemy to Bitcoin. Full stop. Anyone defending them at this point is either ignorant or a fraud.

What’s even worse is your proposal to avoid this issue by going back to pre segwitt. A pre segwitt BTC would disable lightning (bip110 preserves this). Lighting was the mechanism that made bitcoin a more scalable medium of exchange and what made Bitcoin one of the fastest payment systems on earth. Hell, it’s the reason this app exists. BIP 110 doesn’t change this… your proposal does, for no other reason than to avoid the possibility that Core is comprised…

You are so terrified of what the Core supporters think, and wishing to remain in their inner group, that you have to run logical circles to defend alternatives. It’s making you look like a fool, when you have actually really great ideas outside of this issue. I suggest you take other look at RDTS and what Core is really doing then ask yourself:

Is bitcoin decentralized money? Or should it be a data storage system controlled by a bunch of centralized node servers? … because that’s where we are headed without RDTS.
3
JackTheMimic · 11h
You are ascribing a lot of unstated motives here.
Jack K · 10h
Lol that’s actually not what I said at all. I said remove the Segwit discount and reinstate the blocksize limit at 1MB. Restore the pre-Segwit block constants/economics/ratios, keep LN. I said nothing of removing lightning, that is your interpretation and projection.
nostrich · 10h
💯
Artel 21 · 10h
No one talks about reverting lightning, just remove witness discount, it’s fiat
DanDan · 1d
https://blossom.primal.net/b01b97fa62bfed7f43f61ee1ab8f560196f3791c3c2face42a2075efd39422ea.gif
kc · 1d
Ya it was! His absolute best. It should’ve went at least another 30 minutes. #bitcoin
Kyma Fi profile picture
If the "bloat" continues to the point where node costs skyrocket, we aren't going to "upgrade" to better hardware. We are simply going to lose sovereignty.

If running a node becomes a job for a data center rather than an individual, the network is no longer Bitcoin; it becomes a distributed SQL database managed by a few large entities.

This is why we run BIP110 and reject Core.
note16feh9...
Kyma Fi profile picture
It’s funny that you are assuming the market is free. It’s not. Never has been true free market capitalism. Inflation is determined by the Fed and their manipulation of interest rates. So network security has no business relying solely on the price of fees. It hasn’t worked given the current state of the chain either.

Fees do not 'solve' the problem of bloat; they merely provide a price for the destruction of the network's long-term accessibility. If the network is 70% non-monetary data, it is not functioning as a settlement layer; it is being cannibalized by high-volume data-storage applications that ignore the true cost of permanent state bloat.