Damus
SatsAndSports profile picture
SatsAndSports
@SatsAndSports

Into bitcoin, specifically cashu.

When I'm not working in the fiat mines, I'm into cycling and camping

npub1zthq85gksjsjthv8h6rec2qeqs2mu0emrm9xknkhgw7hfl7csrnq6wxm56@npub.cashlnurl
Relays (4)
  • wss://nos.lol/ – read & write
  • wss://nostr.land/ – read & write
  • wss://nostr.chaima.info/ – write
  • wss://nostr.bitcoiner.social/ – read

Recent Notes

Alezkar · 2d
yeah I don't take this seriously, just having fun
Cykros · 4d
In fairness if Luke didn't choose a strange hill, that in itself would be strange. Almost makes me regret calling out Lola for dropping dox last year, but nah still can't get behind a privacy advocate dropping private conversations like that. For what it's worth if anyone's gonna randomly find a w...
tzongocu · 6d
What did you find when you checked the content? I obviously spam the notifications on purpose.
Derek Ross · 1w
Bitcoin Core vs Knots and BIP-110. Essentially, one is a config knob you can turn back. The other removes the knob entirely and replaces it with a locked box you can't open. With Bitcoin Core's defa...
SatsAndSports profile picture
This was never "Core Vs Knots"; the BIP110ers will never learn if we keep to that false framing

Core and Knots were on the same side, keeping filters that were harmful to small miners, and which were making it hard to run a node (fake pubkeys)

The Tolerant Minority are the winners; we stepped in and relaxed the de facto relay policy months before Core30

We saved Bitcoin, and we didn't ask permission from Core or Knots to do it
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Leo Wandersleb · 46w
https://npub1gm7tuvr9atc6u7q3gevjfeyfyvmrlul4y67k7u7hcxztz67ceexs078rf6.blossom.band/762867c565565fcb9edb35c7e8a499e892d168758f26cb020412f30ca6dcd1c6.png It's incredibly sad to see such low effort cl...
SatsAndSports profile picture
"Filters don't work, but they send a message"

The default filters became harmful - not "ineffective" - over the summer of 2025. They harmed the small miners. Are you aware of this, and are you happy to harm small miners because you'd prefer to "send a (meaningless) message?

Months before Core30 was released, many folks (including me) configured our nodes to accept large op-returns.

Therefore, Core didn't remove any limit on what could be relayed and mined on the Bitcoin Network. The Bitcoin Network had already made its own autonomous decision, months before Core30 was released, to allow this. We didn't wait for permission from Core or Knots to do this. We didn't wait for "technical consensus"

In that context, the default policy in Core had only one effect: harming small miners, by making it difficult for them to earn fees

The heroes and winners of this are the Tolerant Minority. We take action to help small miners, and we take action to keep fake pubkeys out of the UTXO. We are successful and unstoppable, and we don't care about your "message"

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Luke is smart enough to know all this. He has told dozens of lies, deliberately fooling people. He knows that the effect of his policies is harmful to Bitcoin
waxwing · 1w
Gmax on proposals to add tail emissions to bitcoin: "but I agree with Sipa that these inflationary notions are a non-starter philosophically and morally. Particularly because anyone can create their ...
SatsAndSports profile picture
Philosophy is cool and all, but if the hashrate falls to very low values in the future, we're going to have to be pragmatic about the security budget

I love the idea of Ark as a 'Channel Factory', allowing billions to have fully sovereign Lightning nodes. However, if Ark is *too* efficient in this case, then a typical block might have only one transaction!

(By the way, that's partly why I'm currently against CTV; I want Ark, but I don't want it to be *too* scalable; I want many medium-sized Arks, not one mega-Ark)

On balance, I think it'll all be fine and there won't be a problem with the security budget. But there could be a problem, and that problem could eventually be fatal. So I like to think about it

The article discusses Runes, but I think it dismisses them too quickly. The Lightning network could be extended to fully support Runes (no soft fork required), and it's possible (but admittedly, very unlikely) that one of the Runes becomes very valuable. As many Runes 'currencies' have tail emissions, it's possible that they could provide the right incentives to miners

Anyway, there's always 'demurrage', a soft fork to apply a tax on old UTXOs, which would motivate people to move their coins more often and create. The rule could be that, when spending a UTXO older than X years, at least Y% of the outputs must be anyone-can-spend outputs that are locked to a few years in the future. Such outputs are equivalent to the block subsidy in practice
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shadowbip · 1w
yeah, budget is a valid worry. but demurrage is a non-starter; once you tax utxos, it's just slow fiat. the halving proves rules are fixed. runes are noise but they pay fees. keep arks small.
nostrich · 2w
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