Gosh Joe, sounds like you r going through hell. Hang in there. Rest up and get better for the big day. No doubt it will be an amazing day. And yeah, atleast you will have an excuse for all those funky dance moves. 🤣

Thanks Brian for another good show. 👍

Yeah opsec is important. Its sad, a non bitcoiner, an outsider seeing how carefull bitcoiners need to be, Im sure they would be so put off. All of these attacks on bitcoin is having the desired effect, stopping normal every day people from learning about bitcoin. While the institutions / whales load up their bags. The bear market is when the wise set themselves up to get very rich.

Yes, running older core version will work for a while, but eventually will become too out of date to use. Hopefully core dont make it compulsory. Assuming that all knots nodes are eventualky forced to run a newer core node, I would think all of them will manually put op_return filter back on. Core will be be able to see this(when it happens). If they still make it complusory then they really are totally ignoring significant part of the community. 🤞

Thanks for another good show Brian 👍

I came across something recently that I overlooked. If knots node eventually becomes redundant, and we are forced to use core node, then aparantly we can add the op_return filter back in. I didnt realise this. Core changed the default setting as off. But we can chose to switch it back on. Not sure you aware of this. I thought this was important to share.

It seems like Luke Dashjr is going for this hard fork. It does seem like its gonna happen.
I think I will run a forked node to show my support.

But we have no choice, on the main chain we have to run a core node

Eventually knots node wont be updated. ☹

Thanks for a good show. 👍

Yeah we all expected bip110 to fail. I was some how hoping by some miracle they would succeed.

I think a hard fork is not good for bitcoin and also I assume we would lose people like Luke Dashjr and mechanic to the new bitcoin forked chain. Although bip110 failed, their presence is reflective of serious concerns that core do not have bitcoin's true interests. So I would prefer to have these devs challenging bitcoin core in our corner on tge maim chain. Otherwise we would not have a clue what bitcoin core is up to.

If they did do a hard fork, it would result in the usual dynamics after a fork, price would crash, and majority of public would stick with the main chain. So it would fail? Not necessarily. As long as the forked bitcoin remains strong enough to ward off any 51% attacks and there are enough miners and nodes for it to be secure ( obviously would never be as strong as main chain, but its good enough), then if core really do go rogue and destroy bitcoin in the future, then we have a viable option to switch to one of the bitcoin forks.

If the worst case scenario happens, then these forks of bitcoin might not be so bad. You would think over time people will learn their lesson and pick the bitcoin that is most resilient long term.

So these failed bitcoin forks that we look down on could actually be silently waiting to come into action if bitcoin core really do overstep and destroy themselves. Bitcoin core would surely be aware of this. So hopefully their presence keeps them in check.

In the end I dont want the main chain to fail and if spam is something we have to deal with and of it is not catastrophic to keeping bitcoin decentralised enough, and no one can censor a transaction on the main chain, then that is what its all about. I do hope the spam is not used as way to severly compromise the bitcoin network.

One thing for sure, mining needs to become more decentralised. Bip110 is an example of the miners coming together and making sure it fails. We are putting alot of trust in the miners. I would feel more comfortable if it was much more decentralised. I am not sure the best way to make mining more decentralised. If 10% of normal every day people had their own mining rig at home, this would be enough to overtake the few companies that dominate bitcoin mining worldwide. But we could assume by then that countries would begin using wasted energy / free energy like renewables to mine bitcoin. So by then the mining industry could easily be 10 times larger in which case 10% of every day people running a mining rig at home would no longer cut it and would be a small % of mining power globally, so then we back to square one.

I have looked into buying a mining rig on numerous occasions and everytime I decide against it because I fear I would end up paying more than spot price of bitcoin and infact make a loss. I would be willing to accept to breaking even, in returm for non kyc freshly minted bitcoin. But I am not so confident I could pull this off. Bitcoin mining is a cut throat industry, requiring hardware upgrades every 3 years. There are much easier ways to buy non kyc bitcoin.

I thought Ocean was one of the good ones.

So whats the best way to decentralise mining?

I have looked into buying a mining rig on numerous occasions and im always put off, bcause i have to upgrade the hardware every 2-3 years. I would settle for the cost to be spot price of bitcoin and i dont actually make a profit. Having newly minted no kyc bitcoin is very appealing. But I get the feeling I would actually make a loss compated to spot price.

So would you say the best way to decentralise mining is for more people to buy their own bitaxe and mine at home and plug into a mining pool. That would require alot of people mining to balance out the few massive companies that dominate the bitcoin mining scene.

I was supporting bip110. I was somehow hoping they might succeed, but I knew the odds were stacked against them. But as long as bitcoin remains decentralised and monetary transactions remain uncensorable on the main chain, then nothing has really changed.

I do hope this isnt the beginning of bitcoin being co-opted and captured. And I hope this spam mechanism isnt used to attack bitcoin in the future.

I think we do need more decentralised mining like Ocean.

So what will happen now that it failed? Small % of miners would be crazy to continue mining bip110 as that would be burning money.

No chain split i assume?

Nice. Thank god you and friend in the clear. 🙏

I been meaning to get round it too, coldcard seemed like the ultimate self custody hardware device. How could they let this happen. 😳

Hardware companies need to prove to us their wallets are as good as they say.

Confidence has been truly broken!

We are all thinking, is our wallet next. 🤦

Thanks Joe, i saw last week El Salvadore locks up women for having miscarriages. That concerned me.
Then i see this video. I still want to visit El salvadore, but I dont plan on saying anything too controversial while i am there.
Thanks for being honest, not many bitcoiners would be willing to go against the tide. ✊