@₿itcoin ₿ombadil
Take delight in things for themselves without reference to yourself… The chain of memory is resurrection.
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If you have an infinite money printer and enough infinite money-zombie users to do your bidding, then you can practically short the price of any asset forever and you can waste and abuse resources to attack anything you want forever..
Just my 2b Sats.
Filters up!🛡️
Just my 2b Sats.
Filters up!🛡️
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I never said it did.
If you can’t separate Core’s fuckups from backing Luke’s ego then you’re even more cooked than I could have imagined
If you can’t separate Luke’s ego from my own ability to think and judge the situation for myself after years of studying Bitcoin and participating as a user, then you’re even more cooked than I could have imagined.
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Just when you thought BitThereum couldn’t get any Faker & Gheyer…
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What would you like me to say?
Congrats on following Luke who “lost” 200 bitcoins off a cliff?
Congrats on going for a hardfork after your softfork got <20% consensus?
Congrats on being such a ...
None of that justifies super sizing Datacarrier limits to facilitate non-monetary data on a monetary protocol.
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Your brain is fucking cooked mate.
Feel free to say something intelligent instead of low signal Reeeee
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When the SHA256 Block Cartel facilitates Non-Monetary Data attacks on BitThereum fka Bitcoin, it has similar effects as seigniorage/coin clipping/debasement in a sly round about way.
If you know, you Knots2b110
Just my 2b Sats.
Filters up!🛡️
If you know, you Knots2b110
Just my 2b Sats.
Filters up!🛡️
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Evolution of Bitcoin policies and consensus rules and Hash Cartel’s response to each
2014/2015 - 0-83 byte OP_Return concession expands attack surface… hash cartel goes along with it
SegWit - expanded attack surface, hash cartel goes along with it
Taproot - expanded attack surface, hash cartel goes along with it
Core v.30 - expanded attack surface, hash cartel goes along with it
BIP-110 - reduces attack surface, hash does not go along with it
2014/2015 - 0-83 byte OP_Return concession expands attack surface… hash cartel goes along with it
SegWit - expanded attack surface, hash cartel goes along with it
Taproot - expanded attack surface, hash cartel goes along with it
Core v.30 - expanded attack surface, hash cartel goes along with it
BIP-110 - reduces attack surface, hash does not go along with it
Agreed, and I’d add to say 10 minute difficulty target, sha-256 and 1MB blocks are Bitcoin invariants/constants that are equally as vital as 21M.
You literally aren’t measuring the same conserved...
I guess we’ll find out… ultimately I think the quality of work is most important, and I view proof of work algorithms as a commoditized work measuring tool that is interchangeable for the job
If BLAKE2b can serve as a pillar for a higher quality monetary network than SHA256Coin, then that will be reflected accordingly in BitcoinBLAKE2b’s purchasing power per unit.
But we’ll see what happens.
If BLAKE2b can serve as a pillar for a higher quality monetary network than SHA256Coin, then that will be reflected accordingly in BitcoinBLAKE2b’s purchasing power per unit.
But we’ll see what happens.
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Given that BCH, ETH, BSV and all these other shitcoins could limp along for as long as they have with worse monetary fundamentals, then that makes me think Bitcoin with upgraded monetary fundamentals on BLAKE2b + BIP-110 can flourish.
It it guaranteed? No. But it seems well within the realm of possibility.
It it guaranteed? No. But it seems well within the realm of possibility.
I both agree and disagree.
I wholeheartedly agree that memory is resurrection. Anyone at any time can build upon any prior block of work because the UTXO set, the chain history, and the difficulty re...
I’d counter and say that holding the 10 minute difficulty target matters more than holding the PoW Algo constant
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I’m not leaving Bitcoin, I just support a PoW Algo Change that could potentially provide me more room to maneuver to control what I can to defend my life, my family, my wealth, and Bitcoin’s objective monetary purpose from bad ideas & bad actors.
GM & GFY😎🛡️
GM & GFY😎🛡️
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