Damus

Recent Notes

Matthew Kratter · 2w
This Fight Ain't Over Yet (BIP-110) https://blossom.primal.net/6809288d327e4a90563af09121e0a75659c2665817eecd00c926c72c73784ab2.mp4
pico4 profile picture
I honestly dont think pools like foundry will swith at this point. 20 blocks in, with already some blocks mined by them, it would be a waste of computing. And it's less and less possible as time passes and more blocks get added. It would be possible for a pool that has not mined on the longest chain yet. Lots of fees to get in a chain that does not seem to have as much miner competition.
1984 · 4w
But the customer has allready been KYC'ed on Kraken.
Vlad, Bitcoin Takeover Podcast · 25w
Sometimes I feel like a fraud who advertises a revolution that never happened. Bitcoin didn’t accomplish anything significant, at least not compared to the expectations everyone had more than a de...
pico4 profile picture
I use it for buying my vpn, vps, steam games, groceries (sometimes) and transacting with friends. It’s easier to set up and use than paypal/other options for me.

So in the end it has achieved my usecase. Digital money without intermediaries or restrictions. Money without the government’s approval.
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Vlad, Bitcoin Takeover Podcast · 25w
Cool. Now step outside your home and try to make payments at the grocery store.
Jameson Lopp · 28w
Aside from the metaphor making no sense, the goal of BIP-110 is a soft fork rather than a chain split / hard fork. Even if there is a chain split there won't be replay protection. Thus you're spewing ...
pico4 profile picture


Well, as you say in your own blogpost there is indeed a high probability of chainsplitting. Maybe you like ā€œspewing nonsenseā€ on your blog?

With no replay protection for transactions with spam, of course, as they’re the target of the filter. But I don’t see why a transaction that does not use any known exploit for data storage couldn’t be in both chains in the case of a split.
Jameson Lopp · 26w
Practically speaking, I don't expect a chain split until August and when it happens you won't be able to "sell the BIP-110 side" of the fork because no services will support it. It won't be safe to use due to the extremely low hashrate and lack of replay protection. It will be a DOA fork.
ODELL · 26w
since bip110 has nowhere near consensus it will result in a chain split when they activate the main chain will have blocks mined significantly faster than the bip110 chain if miners switch to bip110...
pico4 profile picture
Shouting ā€œcoin confiscationā€ and ā€œchain split/reorganizationā€ is FUD. BIP110 only targets transactions that exploit the protocol turning it into arbitrary non-monetary storage.
In case of a reorganisation it would only reverse transactions that were used exploits to introduce spam.

A bomb sniffing dog is only dangerous to you if you’re carrying a bomb.

You start the post saying that BIP110 has nowhere near consensus, then continue to raise FUD of what could happen if the miners switch to it… so what is it? Is it too weak to do any useful change… or so dangerous that it will break havoc? You cannot have both.