Damus

Recent Notes

jimmysong · 5h
The weirdest game theory incentive for BIP110 is that the more people want to dump BIP110 coins, the more transactions they'll add to the BIP110-chain which presumably will have much lower hash rate. ...
Ferris Bueller BIP110 profile picture
Where would this buying/selling happen? On exchanges like coinbase? Idk I think they will just freeze withdrawals in this scenario till it's sorted out. If not on a large regulated exchange then maybe on a smaller exchange that wants to participate in allowing replay attacks? Maybe but I can't name one. Is there somewhere else outside of the regulated ecosystem that would have enough liquidity?

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BIT 🐳 ISH 🤌🏽 Italianhands · 6d
I disagree with the notion that the outside world has no idea what's going on. They certainly don't know the nuances of what we are arguing about. All they see is the headline saying things like "Bitc...
Ferris Bueller BIP110 profile picture
Im failing to see how somebody saying,
❌️ "You don't support bip110? You must be a pedophile"
vs
✅️ "Not supporting bip110 leaves the door open for csam"
doesn't lead to the same conversation with your normy friends. Bitcoin and csam are being linked and peoples biases will take it whichever way it's going to go.
Your point is anedotal but fair enough. I'm not on X, so I'm willing to believe that that normie view of Bitcoin is taking hold. But I don't think that issue is as significant as debates over the foundational rules and governance structures of Bitcoin. Maintain Bitcoin culture and it's foundational principles is upstream of adoption and is what keeps Bitcoin going long term. Utility and number go up will increase adoption and but if the bedrock is destroyed, then it won't matter. If you disagree, I would reference the dollar. I think even the normie take on the dollar now is that it's used as a power projection tool that allows the US government to wage war across the globe. That central banking paved the way for 2 world wars be allowing control and debt (you might disagree here as to the normie view). But yet it is widely used for it's utility. Point being, number go up and btc utility will out way some uninformed bad press in the long run.

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BIT 🐳 ISH 🤌🏽 Italianhands · 6d
So my example with the bip110 convo wouldn't have been had with any normies - that's a bitcoiner to bitcoiner specific conversation. But im assuming that conversation would be visible to normies its being aired in a public forum. The key is the eventual conversation that unfolds after the initial in...
BIT 🐳 ISH 🤌🏽 Italianhands · 6d
The discussion is regarding the data being allowed and the technical framework (incentives) around it. OPReturn as a vessel for arbitrary data etc. This is all technical. The morality piece is a next...
Ferris Bueller BIP110 profile picture
People that are outside of this debate or outside of Bitcoin have no idea this debate is even going on. That argument just makes no sense. We are inside an echo chamber of an echo chamber. Not that it's not important, but I'm saying that because the vast majority of people aren't even looking at Bitcoin because the price is down and even if they are, the majority don't know shit about bip110. The people who support BIP110 are the ones thinking long term. If bip110 fails, Bitcoin will likely not fail immediately, but it's culture and rule structure will likely be morally wounded. Miners and developers will know that they are the ones that can make the rules, and the nodes will loose their power. Developers and large Bitcoins institutions like exchanges and industrial miners/pools will now be open to capture by the state and by extension the rules of Bitcoin, and will no longer be protected by the anon, globally distributed network of nodes.

2
ethfi · 6d
Comparison is the thief of joy
BIT 🐳 ISH 🤌🏽 Italianhands · 6d
I disagree with the notion that the outside world has no idea what's going on. They certainly don't know the nuances of what we are arguing about. All they see is the headline saying things like "Bitcoin promotes CSAM" or "Bitcoin founder found in Epstein files" or other similar rage bait type headl...
BIT 🐳 ISH 🤌🏽 Italianhands · 1w
Does that further the technical discussion? What are you gaining by calling someone a scammer over what is ultimately an unprovable position? Are ordinals scams? Some say yes, some say no. Its not obj...
Ferris Bueller BIP110 profile picture
I would say the discussion is almost 100% non technical. It's about the degradation of bitcoins culture, morality, bitcoins governmental structure, and balance of power dynamics. Could we be more civil in the discussion? Sure. But don't pretend you're seizing the moral high ground when it sounds like you don't understand what the discussion is even about

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ethfi · 6d
Song in heart
BIT 🐳 ISH 🤌🏽 Italianhands · 6d
The discussion is regarding the data being allowed and the technical framework (incentives) around it. OPReturn as a vessel for arbitrary data etc. This is all technical. The morality piece is a next layer abstraction presuming what people *might* do when given the technical capability. That is whe...
Ferris Bueller BIP110 profile picture
Must hurt to fence sit so hard on the BIP110 debate that your analogy of choice is suggesting "someone can be a pedophile and still have good suggestions and implementations". @Nunya Bidness why do you think this guy is fire? @Tauri | BIP-110 @Toxic Bitcoiner

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Toxic Bitcoiner · 1w
I saw the initial note earlier and didn’t like it because of its absolutisms, but since you tagged me…. The amount of pedos is probably nonexistent, negligible, whatever, easy Strawman. Now, there are absolutely *plenty* of scammers, liars, and bad actors. Technicals are important, but incentiv...
Tauri | BIP-110 · 6d
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BIT 🐳 ISH 🤌🏽 Italianhands · 6d
The most morally reprehensible person can still have good ideas. Im not sitting on the fence, im just not publicly giving my opinion on bip110. Advocating for a discussion of ideas and solutions I don't agree with because I want to hear what the "other camp" is thinking does not mean I agree with th...
BIT 🐳 ISH 🤌🏽 Italianhands · 1w
For example: ❌️ "You don't support bip110? You must be a pedophile" vs ✅️ "Not supporting bip110 leaves the door open for csam" Same end goal but entirely different conversations.
Ferris Bueller BIP110 profile picture
What about calling someone a spammer or a scammer? There is no proof that anybody within these conversations is a pedophile, but if you support ordinals, inscriptions, brc 20 tokens, ect, that's an objective spammer because of their actions right? Should that person not recieve hostility within the community?

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BIT 🐳 ISH 🤌🏽 Italianhands · 1w
Does that further the technical discussion? What are you gaining by calling someone a scammer over what is ultimately an unprovable position? Are ordinals scams? Some say yes, some say no. Its not objectively provable across the board as a blanket statement. So making that leap of assumption calling...
BIT 🐳 ISH 🤌🏽 Italianhands · 1w
It sounds like everyone in Bitcoin is either a pedophile or a scammer or a liar or bad actor. That is exactly the narrative they want the outside world to see. The rest of the world doesn't see the d...
Ferris Bueller BIP110 profile picture
I've been listening to the technical arguments and I've heard nothing that make me think BIP110 is worse than the status quo. This debate is also more about social factors rather than techincal. Personal attacks are one thing, but there is nothing wrong with comparing where someone lands on the issue with their incentives

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BIT 🐳 ISH 🤌🏽 Italianhands · 1w
Agree with this sentiment. Incentives are very important. But it is important to remember, a general incentive may exist in a given proposal, but that does not immediately and automatically paint that person as a pedophile (using that as an example). Similarly, someone can be a pedophile and still h...
protozoan numbness · 4d
Cant wait for BIP 110 to fail miserably.