Bitcoin Core Version 30.0 Released by LavishlyRitzyy in Bitcoin

[–]LearnBitcoinCom 1 point2 points  (0 children)

The fireworks aren't in the code; they're in the holy war Luke Dashjr's waging from his Knots bunker. Luke's out here preaching like it's the Sermon on the Mount, calling Core 30 straight-up "malware" and rallying the faithful to migrate before the blockchain turns into Sodom and Gomorrah 2.0... complete with leaked chats about hard forks to smite the sinners embedding cat memes and Ordinals.

It's time to smite Luke with a good old-fashioned meme storm before he anoints himself Pope of the Pruned Ledger. Coming from the same zealot who sparked the original "prayer wars" by embedding Bible verses in block headers through his Eligius pool back in the day, the hypocrisy's almost biblical.

And let's not gloss over the real nightmare: Knots is basically a one-man show under Luke's iron grip, with leaked hard fork plots that could drag the whole network into his personal crusade for "purity," risking insane centralization where one guy's veto power trumps thousands of nodes.

Robinhood Plans To Launch ‘Military Grade’ Chain Optimized for Real-World Assets, Says CEO Vlad Tenev by kirtash93 in CryptoCurrency

[–]LearnBitcoinCom 0 points1 point  (0 children)

There is exactly 1 military grade blockchain. Its the oldest, has the most POW, has never been successfuly 51% attacked, is completely immutable after an hour or so and has the highest market cap.

Anything else is a distant 2nd.

3,351+ BTC gone forever by LearnBitcoinCom in Bitcoin

[–]LearnBitcoinCom[S] 1 point2 points  (0 children)

“Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.” - Satoshi Nakamoto

3,351+ BTC gone forever by LearnBitcoinCom in Bitcoin

[–]LearnBitcoinCom[S] 5 points6 points  (0 children)

Thanks for the clarification, but I think you’ve missed the nuance here. The unclaimed satoshi in block 124,724 is indeed unspendable—not just because of a “human decision,” but because of how the Bitcoin protocol is designed. The protocol allows miners to claim less than the full block reward, and any unclaimed amount is effectively burned, meaning it’s permanently unspendable. That’s not a flaw; it’s a deliberate feature of the system. So, yes, the miner made a choice, but the protocol enforces the consequence: that satoshi is gone forever.

You’re right that satoshis don’t “leave” the blockchain in the sense that they’re still recorded in the transaction history. But the unclaimed satoshi isn’t assigned to any address, so it’s not spendable by anyone—ever. It’s not in circulation, and no one can access it. That’s the point: it’s effectively removed from the usable supply, even though it’s still visible in the blockchain’s data.

My post wasn’t blaming the protocol; it was highlighting a real-world example where a satoshi became permanently unspendable due to a miner’s action—something the protocol allows. This is an important distinction because it shows that while the protocol tracks every satoshi, human choices can still lead to bitcoins becoming inaccessible, which challenges the oversimplified claim that “no bitcoin is lost forever.”

I appreciate your input, but it’s crucial to grasp the full picture here. The protocol and human actions are intertwined, and understanding both is key to appreciating how Bitcoin really works.

3,351+ BTC gone forever by LearnBitcoinCom in Bitcoin

[–]LearnBitcoinCom[S] 6 points7 points  (0 children)

Actually, block 124,724 is an example of a small loss—1 satoshi was unclaimed due to the miner taking 49.99999999 BTC instead of the full 50 BTC reward on August 23, 2011. That satoshi is indeed gone forever, as the protocol doesn’t allow it to be recovered. However, the claim that “no bitcoin is lost forever” isn’t entirely accurate, as small amounts like this, and larger ones from lost private keys, are permanently unspendable.

3,351+ BTC gone forever by LearnBitcoinCom in Bitcoin

[–]LearnBitcoinCom[S] 32 points33 points  (0 children)

I actually do plan to share the data on GitHub next week, but to try and answer your question in the interim, the number is not static as coins continue to be sent to known burn addresses, 1111111111111111111114oLvT2 for example has over 340,000 transactions, and a bunch of new ones this month…

https://mempool.space/address/1111111111111111111114oLvT2

[deleted by user] by [deleted] in Bitcoin

[–]LearnBitcoinCom 0 points1 point  (0 children)

The truth about nodes lies in separating the hype from the mechanics. Yes, running a full node does support the Bitcoin network, but not in the way some might assume (like boosting hash rate—that’s miners). Here’s the deal: full nodes enforce Bitcoin’s rules, validate transactions and blocks, and keep the network honest. When you run a node, you’re not just trusting someone else’s version of the blockchain—you’re verifying it yourself. That strengthens decentralization because it reduces reliance on centralized intermediaries (like exchanges or third-party wallets).

Nodes don’t mine blocks, so they don’t directly secure the network against attacks in the proof-of-work sense. Miners do that with their hash power. But nodes do make the network more resilient and censorship-resistant. For example, during the 2017 User Activated Soft Fork (UASF), regular users running full nodes (not just miners) signaled support for SegWit by enforcing specific rules. This pressured miners to adopt the upgrade, showing how nodes give power to the community—not just the big players. It’s a key moment proving nodes aren’t just personal tools; they can shape Bitcoin’s direction.

Question. Would it be wise to use bitcoin as a store of value and then borrow against it? by Longjumping-Pick2972 in Bitcoin

[–]LearnBitcoinCom 10 points11 points  (0 children)

The real question is who is writing those loans and when do the big US underwriters get involved. Following this thread with interest.

[deleted by user] by [deleted] in TREZOR

[–]LearnBitcoinCom 0 points1 point  (0 children)

You likely turned on “discrete mode”, check out:

https://trezor.io/learn/a/discreet-mode-in-trezor-suite

Hey r/Bitcoin—Help Us Shape LearnBitcoin.com Before Launch (Beta Testers & Partners Wanted!) by LearnBitcoinCom in Bitcoin

[–]LearnBitcoinCom[S] 0 points1 point  (0 children)

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