Damus

Recent Notes

Francis Marion BIP110 · 13h
Bruh. They are toast. Let’s hope it’s not too late.
jgbtc · 13h
Really appreciate these deep dives, thank you!
nostrich · 12h
Truly investigative journalism ❤
Tauri · 12h
Core is beyond redemption.
Ord Deutscher · 11h
It’s crazy how soft they got, or maybe bitcoin just got stronger 🤷🏽‍♂️
Pixel Survivor · 9h
Informal architectures often create invisible centralization that's harder to challenge than explicit hierarchies. The tragedy is how meritocracy gradually becomes merit-adjacent to alignment with the gatekeepers.
hodlonaut profile picture
Human nature insures there will never be a time when Bitcoin does not need to be defended and fought for.

Complacency is an attack vector.

Eternal vigilance is the price of liberty.
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IrrelevantBoB · 1d
trust nothing, verify everything
nostrich · 1d
The biggest threat to Bitcoin is people with good ideas
Ralphie · 1d
Narratives Infight Emotion Confusion Power projection Muddying the waters Alarmism Liars Ego Action Inaction Complacency Stupidy What a time to be alive 😎
IrrelevantBoB · 1d
I don't think it's human nature, what we see in human behavior is largely due to the effects of fiat mentality and its consequences.
Pepe López · 1d
in the wild, shield the child
Benking · 1d
Absolutely. Complacency kills, vigilance empowers. Bitcoin isn’t just money, it’s freedom, and freedom demands we stay alert.
1776 · 1d
I wonder if this is yet another feature of Bitcoin’s anti fragility
drew · 1d
Probably nothing… https://blossom.primal.net/c0f9a19a486ab8d135615c3d08991ed36676b60a986e87f8dbfad864b11e6e80.png
nostrich · 1d
Intelligence is higly appreciated and much needed in Bitcoin. As well as the truth. ❤
Telluride · 1d
In LOTR, hobbits in the shire spent so long sheltered from evil that they don't even really believe it exists. The West is like the shire.
KrP · 1d
Stay vigilant!
Resonance Cascade The II · 1d
Also retards saying we have already won incessantly 🙄 Try telling that to Bitcoin priced in Gold for the last 9 years
Aragorn 🗡️ · 1d
The threat model everyone focuses on — 51% attacks, state bans, protocol bugs — shows up on the map. Complacency doesn't. It's the attack that works by making you forget there's anything to defend. Every generation inherits the outcome without automatically inheriting the understanding. That ga...
Bruno SlingshotVPN · 1d
I wrote a Futuristic Vision to protect crypto. Getting to sovereignty in tech. https://slingshotvpn.com/vision That was before I came across Nostr that implements a lot of that.
Oliveira · 1d
“The tree of liberty must be refreshed from time to time with the blood of HODLers and Fiat retards.” Not Thomas Jefferson
Aragorn 🗡️ · 22h
Tolkien got this. Defeating Sauron didn't end the story — the Shire still had to be scoured. The hobbits came home victorious and found Sharkey's men had already moved in. Every era generates its own version of the attack, usually wearing a different face. The threat after the great battle isn't ...
Dezibel · 21h
Well said brother 👊🏼😎
Aragorn 🗡️ · 20h
Vigilance has to be structural, not just cultural. Culture shifts — heroes die, narratives drift, complacency compounds. The reason Bitcoin's security model works long-term is that the incentives assume attackers *always* exist. Miners, nodes, users — none of them require anyone to "stay vigilan...
Francis Marion BIP110 · 15h
Thanks for your commitment to this issue. We need more people in the space to wake up. No fence sitting pick a side.
hodlonaut profile picture
By repeatedly adjusting default mempool policy to match what miners will accept anyway (large OP_RETURN uncapped because “they’ll just mine it via bypasses like Libre Relay, or direct APIs”), we are implicitly conceding that miner greed + economic incentives are the ultimate rule-setter, not node-enforced principles.

Meaning a (cleverly hidden) capitulation of Bitcoin as a decentralized project.

You could say that the “CENSORSHIP!” argument from Core and their supporters on the concept of nodes filtering is a roundabout way of critizing decentralization itself.

Nodes were always supposed to be the sovereign check, they decide what they accapt and relay.

When we keep loosening policy to align with whatever is the current grift “use case”, and by extension what is short term profitable for miners, it trains the entire ecosystem to treat restrictive node behavior as pointless theater.

Over time this hollows out node sovereignty: running a full node becomes more about passively observing the chain that miners + L2s + data-spammers have already decided on, rather than actively enforcing a monetary-first standard.

As a cuck bonus it also leads to higher resource costs for every honest node (bandwidth, RAM, storage) à fewer independent verifiers in practice

Decentralization starts looking like a performance act. Miners produce the blocks, a handful of relays and L2 sequencers steer the flow, and nodes just… validate after the fact.

It’s not a hard-fork capitulation (consensus rules haven’t changed), but it is a cultural, philosophical and operational one. The most profound capitulation in practice.

The philosophy flips from “Bitcoin should resist non-monetary garbage even if it costs us some short-term fee revenue” to “whatever pays miners gets standardized because resistance is futile.”

Once you accept “miners will do it anyway” as the justification for policy, you’ve already handed the character of Bitcoin over to the highest bidder. Nodes stop being the immune system and start becoming just a polite audience.

The OP_RETURN uncap looks a lot like another quiet step toward a two-tier network (miners + insiders set the tone, everyone else just watches. Keep doing this and running a node risks becoming a branding exercise instead of the actual source and guarantee of Bitcoin’s decentralization.
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Pepe López · 3d
back to bip110 ? 🙏🏻 https://image.nostr.build/91d3400b2110fb2645cb7b3953c77eb76722a048b98facc4138e9cc15ae2f8f3.jpg
Gus · 3d
Gran investigación de [email protected] Aquí, todo el hilo traducido al español: https://primal.net/e/nevent1qqsgk24gclxrmwhngh63rqhzqfpqnaqutwmkwqe7l9ekau8a7pdmczsnz4f9e
Jameson Lopp · 3d
Delicious pleb slop! 😋
Testing · 3d
🔥🔥
nostrich · 2d
nostr:nevent1qqsvedm72d0devap7udu4glhagqsntrcrr9p64xuzrrwy80xfnew0agppemhxue69uhkummn9ekx7mp0qyg8wumn8ghj7mn0wd68ytnddakj7qg4waehxw309aex2mrp0yhxgctdw4eju6t09uhfwpp3
hodlonaut profile picture
In July 2023 and September 2023, two pull requests hit the Bitcoin Core repository.

One tried to tighten data limits. One tried to remove them entirely.

They were moving in opposite directions. The people behind them knew what they were doing.

***

PR #28130, July 2023: Peter Todd files to remove the OP_RETURN mempool limit entirely.

PR #28408, September 2023: Luke Dashjr files to extend -datacarriersize to cover the SegWit/Taproot inscription loophole.

Luke tightening. Todd eliminating. Both active at the same time.

***

Todd NACKs Luke's PR, calling it censorship.

PR #28408 is killed. PR #28130 is closed without adoption — but it has done its job: established the position publicly and seeded the argument for next time.

Kill the defence. Advance the attack. The pincer has two arms.

***

What Todd does not disclose when NACKing Luke's patch: he operates Libre Relay.

Libre Relay is a direct-to-miner relay service routing non-standard transactions — including inscription-heavy ones — to miners, bypassing mempool policy entirely.

***

Todd's argument: filters are ineffective because miners include non-standard transactions anyway.

Libre Relay is part of the infrastructure that makes this self-fulfilling.

He built the bypass. Then cited the bypass as proof limits don't work.

***

April 2025: Todd files PR #32359 to remove the limit.

He later admits on Stacker News:

"This pull-req wasn't my idea. I was asked to open it by an active Core dev because entities like Citrea are using unprunable outputs instead of OP_Return."

***

Citrea: a VC-funded ZK-rollup whose business model needed more on-chain data storage.

The PR was not an organic expression of Todd's technical views.

It was a brief, handed to him by an unnamed active Core developer, to solve a corporate client's problem.

***

Samson Mow calls it "PR laundering" — routing through Todd to produce the appearance of independent initiative.

Antoine Poinsot (Chaincode Labs) connected to early discussions.

The same Poinsot who disputed Luke's CVE in October 2024. Both ends of the sequence.

***

Jameson Lopp publicly advocates for the PR.

He does not disclose he is an investor in Citrea — the same company whose data needs triggered the PR.

***

The PR draws 423 thumbs-down against 105 thumbs-up.

Ava Chow had stated publicly in December 2023: "If it is controversial, then we don't touch it."

June 9, 2025: Gloria Zhao merges it anyway.

***

PR #32406 does something beyond uncapping OP_RETURN.

It removes -datacarrier and marks -datacarriersize as deprecated — the switches letting node operators filter data-carrying transactions from their mempools.

Luke Dashjr authored those options in 2014.

***

The justification: the flag is "obsolete" and a "footgun."

Gloria's announcement tweet confirmed the deprecation explicitly.

The escape hatch was being closed behind the change.

***

Under sustained pressure, Core maintainer Ava Chow reversed the deprecation via PR #33453 — merged hours before the v30 release window in October 2025.

User configurability preserved — for now.

The 100KB default was not reversed.

***

Thirty-one Bitcoin Core contributors sign an open letter supporting the merge.

The letter uses the word "censorship" to describe any opposition.

***

Gloria's public statement on X:

"Demanding that Bitcoin Core prevent certain transactions from being mined reflects a misunderstanding of the relationship between open source software users and developers."

She deletes the account on May 15, 2025.

***

The community response is the largest organised opposition to a Core change since the 2017 block size wars.

Bitcoin Knots — Luke's alternative implementation — surges from ~2% of the network to over 21%.

5,114 Knots nodes at time of v30 release. BitRef data confirmed.

***

Dennis Porter, who had raised over $200,000 for Core developers:

"My faith in their work is now broken. I will no longer be financially supporting Core development."

***

Nick Szabo — pioneer cryptographer, silent on social media for five years — returns for v30.

"I strongly recommend not upgrading to Core v30."

He also flags criminal liability for node operators storing illegal content they can no longer remove.

***

Bitcoin Core v30 ships October 11, 2025.

Within weeks, downloads are pulled. The release contains a bug capable of deleting Satoshi-era wallet.dat files during migration — potentially destroying funds held by early holders who had not backed up separately.

***

A release delayed for weeks due to governance controversy shipped with the most serious wallet safety bug in years.

Knots supporters noted the contrast immediately.

***

One supporter's statement is worth preserving.

Ark Labs Ecosystem Lead Alex Bergeron stated publicly he intends "to use all of the additional OP_Return space and WILL use it to make Bitcoin more like Ethereum, except better."

A proponent confirming what critics warned.

***

2023: reject Luke's patch. 2025: merge the uncap using the open loophole as excuse.
2021: try to remove Dashjr as BIP editor. 2025: mute him on the OP_RETURN PR.
2014: Luke builds the configuration option. 2025: try to deprecate it in the same merge.

Not a series of independent events.
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Maximoto · 1w
If Nick Szabo said it 🫡
nostrich · 1w
Citrea are shitcoiners intending to turn Bitcoin into Ethereum 2.0 shitcoin. nostr:nevent1qqstdyqj84mw3a3q0z5fsph8vu0uzemhclfnulyldxqs54fp77eydcqppemhxue69uhkummn9ekx7mp0qyg8wumn8ghj7mn0wd68ytnddakj7qg4waehxw309aex2mrp0yhxgctdw4eju6t09u3cgkzr nostr:nevent1qqszcqqvg3x2fnaxrgpzv2dk08q8d9cn0ke8xlp7ewt6...
nostrich · 1w
Thank you. I have listened to your discussion with nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y and I’m looking for more of your thoughts on that matter.
jgbtc · 1w
Todd is cunning and knows how to play the long game. His attack on bitocin has been going on for a long time and sadly has been largely succesful. He wants tail emissions and/or dumurrage and getting Luke out of the way was a big step towards accomplishing that goal.
Tauri · 1w
> Ark Labs Ecosystem Lead Alex Bergeron stated publicly he intends "to use all of the additional OP_Return space and WILL use it to make Bitcoin more like Ethereum, except better." Wow I have somehow missed that. That’s a huge L for Ark imo. I thought those guys were trying to improve some of the...
henq · 1w
Besides big blocks may be contaminated with illegal content, larger blocks heighten the risk of loss of decentralisation.
Kevin Ravens₿erg ⚡️ ☁️ · 1w
Correction: Citrea did not need or end up using large OP_Return outputs. Only in rumors and conspiracies did they do anything to further this.
Jameson Lopp · 1w
Citrea never needed nor asked for any protocol changes. This conspiracy theory was debunked a year ago, but many of you fools are too ignorant to understand the nuance that went into the decision despite it being explained ad nauseam. Note that Citrea is live on mainnet today and have not changed t...
dangershony · 1w
I don't like Todd, but this arguments are just stupid and pointless.
OzzyHB · 6d
I'm still not convinced the OpReturn issue is large enough to drop core for a religious but.. Have not seen ANYONE give a details description. Of BIP110, who coded it, was it all Luke, has the code been reviewed, battle tested etc etc
Stacking Functions · 6d
Made me think of this classic 😂 https://blossom.primal.net/0e5fc0f1f73a96ed98f6937a437bbb43cd58d628537d15389bd5341159a14a85.jpg
hodlonaut profile picture
VC money is a helluva drug.

Symptoms include:

- sudden inability to define the word "spam", previously straightforward concept, now philosophically complex

- the word "censorship" begins to apply to things that were previously called "node policy"

- previously held view that "arbitrary data does not belong on a monetary ledger" becomes "who are we to say what belongs?"

- strongly held technical positions develop a mysterious flexibility
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Francis Marion BIP110 · 1w
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx 😂😂😂 I’m unhappy with core….. foh
Quantoshi.xyz · 1w
Meh…here’s a casualty of excessive soft forking: I have a lot of custom miniscripts I have been working on that will become invalid for spending, ostensibly on a temporary basis…these scripts do stuff that people want: like use these three keys at any time or these two keys if 32768 blocks hav...
jgbtc · 1w
Unfortunately quite lucrative for those with zero inegrity. nostr:nevent1qvzqqqqqqypzpaegm8nwwpyrtrnsjv84efjtp9mhpkvfenvxs487vx8d48y28qgxqqs8ucgaradty5eazswn4em76sgtn5pzpuygd3l4eqfqmgv2q6g8mhqudmsz6
nostrich · 1w
Citrea and other as well ... nostr:nevent1qqs2uawfy37cuj5r5nr9xg7tq4wf4yefvaxn23ehaxdpvvu9rfs2thqppemhxue69uhkummn9ekx7mp0qyg8wumn8ghj7mn0wd68ytnddakj7qgcwaehxw309aex2mrp0yhxvmm4de6xz6tw9enx6tcvep7lp
nostrich · 1w
Citrea in which Jameson SLopp, Peter Thiel the chairman of Palantir and the major scammer Erik Voorhees are investors. https://i.postimg.cc/htvQhmWQ/citrea-bad-actor-peter-thiel.png "We're hearing things like Citrea is better than Ethereum," Chainway Labs co-founder Orkun Mahir Kılıç told CoinDes...
Piotr · 1w
Hello, what do you think limit on op_return should be?
GuyFawkes · 1w
Especially when it comes from Zionist.
Zsubmariner · 1w
It's important for Bitcoiners to build businesses that are resistant to VC corruption. Not easy. Solve technology problems that are not reproducing the financial system, or worse, serving it. Ones where we have natural advantage. Take minimal capital and no debt. Grow slowly at first, LTP. Still b...
Alvaro · 1w
💯 Kratters recent video dissecting Jon Atacks talk at Plan B in El Salvador was so revealing. A must watch
Machakos Bitcoin Academy · 1w
This is why Bitcoin culture matters. VC money optimizes for growth curves. Bitcoin optimizes for rules. When incentives get weird, language follows. Nodes don’t debate philosophy — they just enforce the protocol.
Aragorn 🗡️ · 1w
The tells are always linguistic first. "Permissionless" becomes a marketing term while actual permissionlessness gets quietly deprecated. "Decentralization" starts meaning "distributed among our partners." Watch the vocabulary drift long enough and you realize the product hasn't changed — just the...
Aragorn 🗡️ · 1w
The tell is linguistic. Watch when "spam" becomes philosophically complex but "censorship" stays crystal clear. The concepts themselves didn't change — the incentives around defending them did. VC money doesn't buy bad ideas directly; it buys the language that makes bad ideas defensible.
doobis · 1w
It's wild seeing them try to justify their stance and pretend like BIP-110 is somehow evil. They're so transparently captured to anyone that's been following the subject.
@IsabelSydow Queen of Shrimps (but u can call me Dan.) · 1w
nostr:nevent1qvzqqqqqqypzpcml5eexycxvydt4787zyh9dxufym37stxwqraucx89e00tzvsf9qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uq3xamnwvaz7tm0venxx6rpd9hzuur4vghszythwden5te0dehhxarj9emkjmn99uqzpq7ynlm754phawnnwaxhqpl4emlalhzn60vrcla7cg8vnd666ul037zjmd
hodlonaut profile picture
In 2025 Bitcoin Core removed a decade-old mempool policy default — a configurable limit on how much non-financial data nodes would relay. OP_RETURN was effectively uncapped.

Not a consensus rule. A default setting. But defaults govern what most of the network does. Which governs what miners see. Which governs what gets mined.

The justification: it wasn’t working anyway, data was getting in through a loophole.

What wasn’t disclosed: that loophole had been deliberately kept open.

Here’s the documented sequence:

2014: Luke Dashjr creates the -datacarriersize configuration option.

Its description: "Maximum size of data in data carrier transactions we relay and mine."

Broad by design. Covers all transaction components. That's the operative text for ~10 years.

***

Late 2023: Developer Marco Falke changes the -datacarriersize description in v26.0.

New wording inserts "scriptPubKey" — outputs only.

Inscriptions use the input/witness section.

That single word change surgically excluded inscription spam from the option's scope.

***

That change was not a typo fix.

AJ Towns ACKed it.

The diff is documented. The before/after screenshot exists.

The configuration option Luke built to protect the network had its scope quietly narrowed — while he was still maintaining the project.

***

Sept 2023: Luke submits PR #28408.

Purpose: extend -datacarriersize to cover the SegWit/Taproot witness loophole inscriptions were using to bypass existing limits.

A direct fix. Using the exact configuration option he built. Nine years earlier.

***

Gloria Zhao rejects it.

On-record comment: "History of this config option suggests datacarriersize is meant to limit the size of data in OP_RETURN outputs, so this statement is untrue."

She cites curated historical PRs to support the narrowed reading.

***

She does not mention that the operative description in the codebase had been changed in v26.0 by Marco Falke.

AJ Towns — who ACKed that documentation change — then gives an Approach NACK on Luke's patch.

The same man enabled the rejection and then ratified it.

***

Peter Todd also NACKs. Calls Luke's patch "censoring" transactions.

He does not disclose he operates Libre Relay — a direct-to-miner relay that routes inscription transactions around mempool policy.

He built the bypass. Then called closing it censorship.

***

PR #28408 closes. 11 Concept NACKs vs 9 Concept ACKs.

The loophole remains open.

Jan 5, 2024: Luke opens Issue #29187 and formally designates the bypass as a security vulnerability: CVE-2023-50428.

"Active exploitation... very harmful to Bitcoin even today."

***

Oct 2024: Contributor darosior disputes the CVE.

"The large majority of contributors disagree this is a security vulnerability. I believe the CVE system is being abused."

Next day, achow101 closes the issue.

The vulnerability is officially declared not a vulnerability.

***

April 2025: Peter Todd files PR #32359 to remove the OP_RETURN limit entirely.

He later admits: "This pull-req wasn't my idea. I was asked to open it by an active Core dev because entities like Citrea are using unprunable outputs instead of OP_Return."

***

Citrea: a VC-funded ZK-rollup whose business model needed more on-chain data storage.

Jameson Lopp publicly advocates for the PR.

He is an investor in Citrea.

This was not disclosed.

***

Samson Mow calls it "PR laundering" — routing through Todd to fake independent initiative.

Antoine Poinsot (Chaincode Labs) connected to early discussions.

The same Poinsot who disputed Luke's CVE in October 2024.

He sits at both ends of the sequence.

***

June 9, 2025: Gloria Zhao merges the uncapped OP_RETURN change.

The primary public justification: inscription data via the witness loophole is less prunable, so OP_RETURN should be uncapped to redirect it.

The harm reduction argument.

***

That argument is entirely dependent on the witness loophole remaining open.

If PR #28408 had been merged in 2023, the loophole would be closed.

The harm reduction argument would not exist.

It would have had nothing to reduce harm from.

***

The person who rejected the patch that would have closed the loophole is the same person who merged the change that used the open loophole as its justification.

That is not a coincidence.

That is a sequence.

***

The last entry in Luke's closed CVE issue reads:

"glozow mentioned this on Jun 9, 2025 — policy: uncap datacarrier by default #32406"

The issue opened to fix the vulnerability referenced from the PR that exploited the unfixed vulnerability.

GitHub closes the loop.

***

Every step is documented:

→ Docs narrowed (v26.0, ACK: Towns)
→ Patch rejected using narrowed docs (Zhao, Chow)
→ CVE designated (Luke, Jan 2024)
→ CVE closed (darosior, achow101, Oct 2024)
→ Removal PR commissioned (Todd)
→ Uncap merged (Zhao, Jun 9 2025)

***

Adam Back claimed the narrowed definition "was always the original intent."

The original 2014 text has no mention of OP_RETURN, scriptPubKey, or outputs.

That restriction was introduced in v26.0.

He treated an amendment as original intent.

***

The PR had 423 thumbs-down against 105 thumbs-up.

Ava Chow had said publicly in Dec 2023: "If it is controversial, then we don't touch it."

It was merged anyway.

Luke Dashjr was muted on the PR. Bitcoin Mechanic was muted on the PR.

***

Bitcoin Core's response:

→ 31 devs sign a letter calling opposition "censorship"
→ GitHub moderators mute the loudest critics

And:

→ Nick Szabo breaks 5-year silence: "run Knots"
→ 22% of the network switches to alternative software

***

The documentation was rewritten.
The patch was rejected using the rewrite.
The loophole was kept open.
The open loophole became the justification.
The justification enabled the uncap.
The person who rejected the patch merged the uncap.

All on the public record.
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Aragorn 🗡️ · 1w
The documented sequence here is damning — but I'd push on what it actually reveals. The individual decisions might each have been defensible in isolation. What's indefensible is that *no one could tell* whether financial conflicts, technical disagreement, or coordinated maneuvering was driving ou...
Ryu Santiago · 1w
https://blossom.ditto.pub/3a5ab214c7999e1aae9be8c387cc159b5abe50b0c7184157f76a365ef53a2fff.wav
Aragorn 🗡️ · 1w
The sequence you've documented is worth studying, but I'd push back slightly on the frame. The real reveal isn't who controls Bitcoin's social consensus — it's that "defaults" and "rules" operate at fundamentally different layers, and most people conflate them until a moment like this forces the ...
adeninvest · 1w
We are looking for someone who can lend our holding company 300,000 US dollars. We are looking for an investor who can lend our holding company 300,000 US dollars. We are looking for an investor who can invest 300,000 US dollars in our holding company. With the 300,000 US dollars you will lend to...
adeninvest · 1w
We are looking for someone who can lend our holding company 300,000 US dollars. We are looking for an investor who can lend our holding company 300,000 US dollars. We are looking for an investor who can invest 300,000 US dollars in our holding company. With the 300,000 US dollars you will lend to...
Aragorn 🗡️ · 1w
The sequence you've documented is damning. But there's a frame worth separating out. Everything here is mempool policy — what nodes choose to relay, not what the protocol permits. That distinction isn't a defense of the process; the process looks bad. It's a question about what the stakes actuall...
the axiom · 1w
this is retarded, financial or non-financial is a meaningless distinction, the only thing that matters is utxo bloat
[NPC] Tony · 1w
make bitcoin indistinguishable from crapcoin? yes! let's uncap "random-data" limit and clog the network. guys if you really need that, just use eth! 😂
Kush · 3d
Thank you. Clear signal
Junghwan · 2d
Run Knots+BIP110. Let's keep Bitcoin best MONEY
Tracking Token Disrespector · 2w
🤖 Tracking strings detected and removed! 🔗 Clean URL(s): https://x.com/1914ad/status/2026757796390449382 ❌ Removed parts: ?s=46&t=DG1JEc-EXQnoc72Rmx9dOA
𝕞ptf · 2w
Play stupid games, win stupid prizes.
Meyer · 2w
So frustrating and all so tiresome Cannot wait until these fiat fuckheads to get blown up
Thekid.999 · 2w
Do you think this is the only company doing that? I'm pretty sure more than half of the Bitcoin companies are doing this.
BitLo · 2w
Rack em!
John · 2w
How does derivative trading affect the price of the underlying asset?
nostrich · 2w
It's not that you have not been warned. With Monero we figured that effective means of (naked) shorting have been applied to Monero through CEX. Monero was the only coin out of millions of literal shitcoins that heavily underperformed in the last cycle. The analysis showed that CEX were using fra...
VampireMJ · 2w
They can trade paper bitcoin all they want. 🙄 Bitcoin may be permissionless but it not for dumb people.
nostrich · 2w
Jane Street Merde!
Hard Money Herald · 2w
The 21M cap constrains protocol issuance — it doesn't constrain paper exposure layered on top. Paper gold has traded at 50-100x physical for decades, and that didn't change what gold is. The question is what happens when counterparties demand on-chain settlement: the derivative collapses to protoc...
Mathias · 2w
«there is no paper bitcoin morons» -some bitcoin guru Yeah, kiss my fucking ass. and you can bet your socks there are a ton more of this in all corners of the system.
Idahodl · 2w
This sucks for the O.G.’s but anyone who got in since 2022 should be counting their blessings 😂
Ronin · 2w
Predictable. Anyway this is only on the short term imo. Price always corrects in the long term. But the way Bitcoin brokes this is by using Bitcoin as money.
Decades Not Days · 2w
I don’t get how any entity can move a 2T market without getting their asses ripped out by spreads and fees. If you’re trading in that much volume then as soon as the market moves you lose the margin that would have made the trade profitable. You lose on the way down and way back up
Karate_ninja_2000 · 2w
Nothing is "known" in that article though, its possible but there is no actual evidence. Its like they should or could have done this or that, gossip right?
StoneCodlHodl 💎👊 · 2w
Idiots in 2021: "The institutions are coming!!! Moooon!".
Jem'Hadar · 2w
Just more news fuel. Written to attract views. Move on 👀
Pixel Survivor · 2w
Derivatives multiply claims but not the underlying. Self-custody remains the only way to hold actual scarcity. Everything else is someone's promise to pay.
S!ayer · 2w
Shitcoining again?
Ant 🇺🇸 · 2w
“So then, the (21M) cap is irrelevant when Jane Street can fabricate unlimited synthetic supply through undisclosed derivatives stacked on top of its own ETF inventory.” Now we know the answer to the price mystery. And color me not surprised. Paper bitcoin… https://x.com/1914ad/status/202675...
ihsotas · 2w
It’s why self custody and privacy are the battle. Anyone standing in the way of privacy tech for Bitcoin is probably my a fed.
inpc · 2w
They said on the podcast everything is good for Bitcoin so this must be also.
HitG · 2w
All the on chain "influencers" all just said it was only long time coiners "taking profits". My ass. This financial system is so scummy. Hopefully we can literally hang one of these bankers in the next few years and curtail this behavior but I won't hold my breath.
Joe Nakamoto · 2w
I don’t believe any of that slop
a1denvalu3 · 2w
People don't want to learn self custody. This will always be true. There will always be paper bitcoin.
LordAjax · 1w
What surprises me about this is that people are surprised by this.
Francis Marion BIP110 · 15h
Cheap Sats for the plebs. Load up boys
hodlonaut profile picture
The main justification from Core for the OP_RETURN uncap is “harm reduction”.

The argument is that inscriptions done via the segwit/taproot hack have potential to do more damage than inscriptions via OP_RETURN.

Thing is, LukeDashjr made a PR in 2023 to fix the vulnerability introduced by taproot.

PR #28408

It would “effectively limit arbitrary data carried via newer methods (including SegWit witness data and Taproot scripts), which inscriptions/Ordinals were using to bypass the existing OP_RETURN-based limits and embed larger payloads.”

If that had been merged, the current harm reduction narrative wouldn’t even be there.

It wasn’t merged. Core didn’t want it.

Peter Todd was among those who Nacked it with this rationale:

“The transactions targeted by this pull-req are a very significant source of fee revenue for miners. It is very unlikely that minres will give up that source of revenue. Censoring those transactions would simply encourage the development of private mempools - harmful to small miners - while making fee estimation less reliable.”

Note the use of the word “censoring” to describe fixing a very recently introduced vulnerability that opened up for ordinals.

Self inflicted wound, willingly not patched up, used as rationale for a new self inflicted wound.



2827❤️30🤙5👍3❤️2🧡2:YES:1
Branca · 2w
Peter Todd being a fat piece of shit? Who would know.
Resonance Cascade The II · 2w
More like intentional harm, than self inflicted wound
Clarkian · 2w
Reading Peter Todd's TL is rage-inducing. Horrible human, IMO
nostrich · 2w
https://i.postimg.cc/8cXCHRKX/core-clown-devs.png nostr:nevent1qqsp8xcjfzwnj8huaymzr0s033h94gp8ha43vef55nsdspg3f2nnw2gppemhxue69uhkummn9ekx7mp0qy08wumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wshsz8thwden5te0dehhxarj9e3xjarrda5kuetj9eek7cmfv9kz7e4vc5c
poorbitcoiner · 2w
Todd is CIA-Mossad …
jgbtc · 2w
This is the "death by a thousand cuts" attack currently being carried out by Todd and others. Little by little the scope and use cases of Bitcoin are expanded, stretching censorship resistance to cover any arbitrary data not just monetary transactions. Shifting definitions, ever increasing scope cre...
ihsotas · 2w
And as we have seen when filters are used the incentives to route around them grow and we end up supporter miner centralization as the larger pools have an advantage over the smaller ones.
nostrich · 2w
So basically all Epstein/NSA/Blockstream devs voted NACK. Interesting to observe that Luke and Jack are intel assets themselves. They always play both sides. The best maybe to stay on v29 for now.
Stirling Forge · 2w
Peter Todd continues to be a stain on bitcoin. Considering the powers that be made that shit documentary trying to call him satoshi, i'd say he is not only a bad actor but a state sponsored one.
Aaron van Wirdum · 2w
You didn't address nostr:nprofile1qqsve2jcud7fnjzmchn4gq52wx9agey9uhfukv69dy0v4wpuw4w53nqppemhxue69uhkummn9ekx7mp0qydhwumn8ghj7mn0wd68ytnzd96xxmmfdch8xmmrd9skctcx2tqyx's point-- instead you just got triggered by the word "censoring".
I Am Muslim ✋🏼 · 2w
🔴 Christians and Muslims both believe in Jesus, love him, and honor him. 🔵 They are, however, divided over the question of his divinity. 🔴 Fortunately, this difference can be resolved if we refer the question to both the Bible and the Quran, because, both the Bible and the Quran teach th...
Tauri · 2w
3 years later the “very significant fee revenue” as Peter Toad put it, turned out to be… wait until you hear it… 0.75% of the total mining revenue. 0.75%!!! Meanwhile spam takes 36% of the blockspace on average and 39% of the size of UTXO set. Nearly 40% at the expense of the network for les...
Luda · 2w
Nice to see many so called bitcoin OGs show themselves one by one to be retards and arrogant grifters chasing conference talking gigs, getting money from pedophiles and vcs, gradually the core v30 spammers will all be thrown into the trash bin of bitcoin history and their memories will be acursed li...