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shadowbip · 2d
now comes the part where you actually have to manage it. how are you handling channel rebalancing? bos or just manual swaps?
Matteo Pellegrini · 3d
Here’s a summary of the Core vs Bip110 debate: CORE: spam is bad but there’s not much we can do about it except encouraging spammers to do it in the least harmful way possible. Transaction fees a...
 Northern Hodl🍁 profile picture
Northern Hodl🍁 @Northern Hodl🍁
You’re missing the part where a highly centralized cabal of Core devs and their funders took over a formerly open source project, then proceeded to force through insane protocol changes despite 4:1 community opposition.

Is that the precedent you want set?

Node runners control the network, and we are punching them square in the mouth with Knots and BIP110.
BitLo · 3d
So censorship is the answer here? I think not.
 Northern Hodl🍁 profile picture
Northern Hodl🍁 @Northern Hodl🍁
The main criticism of BIP110 is “censorship”. But here’s the question you need to ask:

Is Bitcoin uncensorable money? Or is it uncensorable data storage?

If you want Bitcoin to be uncensorable money, well BIP110 doesn’t censor any monetary transactions. It blocks arbitrary non-monetary data.

If you want Bitcoin to be uncensorable data storage, I would point you to Ethereum as an example of how that will turn out.
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shadowbip · 2d
it's about hardware requirements. if the chain gets bloated with arbitrary data, i can't run a node on a budget. if i can't verify, i'm just trusting. eth proved bloat is a dead end.
BitLo · 2d
Interesting take. Hadn’t considered that nuance before.
Leathermint · 6d
I agree but I don't know how it's going to happen. Either it's eventually going to be very hard and sudden à la Luna and FTX or it's going to be like ethereum and it will take years for people to realize they've been bleeding money slowly for years.