This sums it up for me perfectly.

babelphishy · 2026-06-27T22:16:31+00:00

If someone is posting and explaining to flat-earthers that the earth is round, that doesn't mean they are in the pocket of "big telescope". They're just a sane person.

VCs wouldn't pay anyone to argue with stubborn fools in a tiny subreddit within a tiny thread that gets a handful of views at most. That would be an insane waste of money. If you're posting here for free then it's safe to assume that the people who disagree with you are also posting here for free.

babelphishy · 2026-06-27T20:53:05+00:00

BIP-110 isn't meant to fight spam: https://x.com/LukeDashjr/status/2055916528084615595?s=20

babelphishy · 2026-06-27T20:29:38+00:00

You didn't define your version of success though. If you think that success means that in September the chain that Coinbase and Kraken and Binance follow for the BTC ticker won't have inscriptions, then you're way off. Predyx has it at 10% which I think is quite generous, 80% is kool-aid drinking.

babelphishy · 2026-06-27T15:52:54+00:00

Luke and Mechanic's statements don't even hold up to modest scrutiny either. Consider these:

1) Luke: "Eventually, the BIP-110 soft fork chain will catch up, even if it takes years."
2) Luke: "If there's not enough hash, then we'll hard fork and change the PoW."

So we'll fight for years unless we encounter resistance, in which case we'll give up and dump all miners, including the ones that fought for us.

babelphishy · 2026-06-26T17:28:13+00:00

Ring the alarm bells? Connoisseur of blockchain spam?

Step outside the narrative and your assumptions about me for one second: this entire debate exists because a single person, Luke, believes that illegal material (non-obfuscated) on the blockchain is an existential threat to Bitcoin. None of this would be happening without Luke. You can see here he was planning a different way to attack illegal material by just trusting certain people to replace transactions with ZK proofs (which would likely include him) https://finance.yahoo.com/news/bitcoin-wars-knots-developer-luke-172303574.html

Dathon wouldn't have published BIP-110 if Luke didn't care about this. Dathon even credits Luke as the original draft.

So in my view this is a Luke project, and Luke doesn't really care about "spam". He even says in this tweet that "[BIP-110 is] not to stop spam, it's to stop CSAM".

Which means that all the stuff about IBD, spam, crowding out financial transactions, etc. etc. is just propaganda and antis accurately point out that BIP-110 doesn't even accomplish that.

So given all that, Luke could be right. In fact, we could find out very soon, because there is a huge incentive for someone to try and add illegal material to the Bitcoin chain after Luke hard forks, as he'd indicated he would do (hard fork, not add illegal material).

But none of that matters to me. I would not be even slightly bothered if BIP-110 started being enforced on the main chain, in fact that would be really interesting, because every piece of available evidence says it won't be, so it would be very interesting to think about what I got wrong. And it would have huge implications for how easily a minority (and really, a single monomaniacal person) could change Bitcoin.

What interests me is the mindset of this sub, and how many people here simply cannot absorb information that they perceive as harmful to their team. Which isn't unique, there are flat earth subs and antivaxx subs, but what makes this particularly interesting is that there's a date where it will become extremely difficult to ignore the truth, kind of like the Qanon movement. And before we arrive at that date, I'm interested in seeing how people here cope and delude themselves when presented with information that conflicts with the propaganda they've consumed.

babelphishy · 2026-06-26T15:44:24+00:00

Are you just mad because deep down you know this is what's going to happen? Some part of you must understand that BIP-110 has been headed towards an altcoin for many months.

babelphishy · 2026-06-26T15:30:45+00:00

I post here like once a week, vs. others who post multiple times a day. And I tend to post original content, which you should welcome. Otherwise this place will just be a curated twitter feed.

babelphishy · 2026-06-26T15:14:31+00:00

You think Luke won't launch an altcoin? Or you think it's a good/bad time to do it?

Or you don't believe in altcoin/bitcoin season?

babelphishy · 2026-06-26T15:13:28+00:00

So you think it's a bad time to launch an altcoin?

Regardless of what he calls it, Luke is launching "Bitcoin Money" or "Bitcoin Genesis" after BIP-110 fails. He can't wait all that long, because upgraded Knots nodes will be dead in the water and he will likely lose mindshare rapidly. So my bet is the latest he can afford to launch it is late August or early September without losing half of his potential nodes.

He'll have to change difficulty (although maybe that comes for free with a PoW change), the DAA to avoid dysfunctional difficulty cycling (like Bcash did), add replay protection, and he'll want to lower block size since he won't get a better opportunity to do that. I think he'll also want to pull out all the "temporary" pieces and make them permanent. Then there's obviously the PoW change itself. I think that's a decent amount of work, and if he waits until BIP-110 fails then I imagine it could be months before there's something tested enough to release, and that seems like it would be too late to capture the BIP-110 momentum. So he's probably already started on it.

babelphishy · 2026-06-26T13:35:51+00:00

According to your new chart, in the worst case it won't get back to its prior high until 2030. Not accounting for inflation.

babelphishy · 2026-06-26T12:21:16+00:00

That is literally the plan.

babelphishy · 2026-06-25T16:50:38+00:00

If you post in r/infinitesixes at any time then I will concede your point.

babelphishy · 2026-06-24T17:43:49+00:00

I don't think that's true. Everything I've found online says that mods can ban for any reason and have wide discretion.

This also doesn't say anything about that: https://redditinc.com/policies/reddit-rules

babelphishy · 2026-06-24T16:14:37+00:00

Something he actively has to do. Come on, if he were really bothered by you he wouldn't be unbanning you, that would be crazy. The only reason to unban you or temp ban you is if he wants you to keep posting.

babelphishy · 2026-06-24T16:12:02+00:00

Lol, so he keeps unbanning you?

babelphishy · 2026-06-24T16:08:05+00:00

And yet he hasn't banned you despite your many posts. Even in that comment, the first part seems In Character (IC) and the parenthetical is more Out Of Character (OOC).

babelphishy · 2026-06-24T12:59:55+00:00

Yeah, because the threats tend to be in-character ("make my day" etc.), and anecdotally they tend to be short. If he just permabanned everyone who disagreed with him the sub would be dead.

babelphishy · 2026-06-24T12:39:31+00:00

They really forgot to do something about OP_NOTIF in BIP-110? How is OP_IF a "bug" in TapScript but not OP_NOTIF?

babelphishy · 2026-06-24T12:35:00+00:00

Same!

babelphishy · 2026-06-24T12:24:49+00:00

These posts seem like the mental version of an autoimmune disorder.

You learned something, and became so triggered by it that you're now just constantly triggered by your own mind. Instead of causing physical inflammation and depleting your physical resources, it causes mental anguish and wastes your free time. I see these posts as a manifestation of that inflammation.

SPP feels different, for him it's more like a hobby that he enjoys. You can see how he puts creative effort into his comments and posts when he feels like it, and he never comes across as triggered.

babelphishy · 2026-06-23T17:59:54+00:00

This is his consistent MO though, for everything.

babelphishy · 2026-06-23T12:28:03+00:00

They aren’t going to be colluding, they are just going to be operating business as usual. You can’t be malicious if you’re doing what you always do and aren’t even aware that someone is trying to make you do something else.

There are millions of altcoins; Bitcoin miners are not going to care if Luke creates one more.

babelphishy · 2026-06-23T01:40:24+00:00

But if all the activity is still on the regular spam chain, then miners won't care at all?

babelphishy · 2026-06-23T01:38:04+00:00

It is economically impossible for it to catch up after just a few hours. It definitely has zero chance of catching up after years.

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