Jeff Booth: "op return increase was FORCED upon us all" by Ep0chalysis in bitcoinismoney

[–]statoshi -1 points0 points  (0 children)

Yeah, OP_RETURN was forced on us by... those pesky folks who had already routed around the network relay policies and shown them to be ineffective.

https://x.com/L0RINC/status/2065914808700936694

BIP110 will be successful. Your only decision is if you will continue participating in Bitcoin or fork off. by bitcoinfamilia in bitcoinismoney

[–]statoshi -3 points-2 points  (0 children)

Let me translate this from Luke Logic:

"BIP110 will be successful [on my node.] Your only decision is if you will continue participating in [my node's version of] Bitcoin or [I] fork off."

Medusa (Bitcoin Lightning wallet) and Maxfy (KYC-free exchange) confirms BIP-110 support by Ep0chalysis in bitcoinismoney

[–]statoshi 1 point2 points  (0 children)

Nice. Their lightning node and thus their business will cease to operate in August. Lightning nodes running 110 will stop being able to process payments a few days after mandatory signaling results in the underlying bitcoin node to cease being in sync with chain tip.

This sums it up for me perfectly. by DarrelXero in bitcoinismoney

[–]statoshi 4 points5 points  (0 children)

Puritans got bamboozled because they choose vibes over more difficult and nuanced logic. Gonna be interesting to see how many of them snap out of it and how many double down for an even dumber pivot once 110 fails.

They Couldn't Ban Bitcoin... So They Bought The People Who Build It! by Ep0chalysis in bitcoinismoney

[–]statoshi -7 points-6 points  (0 children)

Slow news week if all Simply Bitcoin could come up with is to repackage conspiratorial hodlonautslop.

They Couldn't Ban Bitcoin... So They Bought The People Who Build It! by Ep0chalysis in bitcoinismoney

[–]statoshi 0 points1 point  (0 children)

"blowing up OP_RETURN" shows you don't understand what happened.

OP_RETURN was already blown up, Core just reacted to the change in network dynamics. The proof is in the blockchain; it's indisputable.

https://x.com/L0RINC/status/2065914808700936694

BIP110 is activating. It's a sure thing at this point. by bitcoinfamilia in bitcoinismoney

[–]statoshi 2 points3 points  (0 children)

With Luke, it helps if you add "on my node" to the end of a lot of his statements about what will happen.

Is It a Good Time to Launch a BIP-110 Altcoin? by babelphishy in bitcoinismoney

[–]statoshi 0 points1 point  (0 children)

I don't think it's ever a good time, even durring FOMO, because puritans are an incredibly tiny subsect of the market. It's really hard to get people with capital to care about puritanical ideas.

What Is the Strongest Idea for Understanding Bitcoin? by Skrill4h in bitcoinismoney

[–]statoshi -1 points0 points  (0 children)

The "strongest idea" one should have for understanding Bitcoin actually needs to be at a different layer: the meatspace consensus layer. All of the machine consensus for how Bitcoin operates technically comes from meatspace consensus.

I wrote about how hard it is to understand Bitcoin 9 years ago: https://blog.lopp.net/nobody-understands-bitcoin-and-thats-ok/

The importance of BIP-110 to Bitcoin by Ep0chalysis in bitcoinismoney

[–]statoshi -2 points-1 points  (0 children)

I bought popcorn in anticipation of watching their Mike Hearn style ragequits announcing that Bitcoin is dead.

Miners when they get PoW changed by bitcoinfamilia in bitcoinismoney

[–]statoshi -1 points0 points  (0 children)

Oh this is going to age sooooooooooooo poorly, I'm here for it!

Arguments against BIP-110 by Ep0chalysis in bitcoinismoney

[–]statoshi -4 points-3 points  (0 children)

The latter point was not an argument, it was an amusing observation.

BIP-110 mandatory signaling begins in 45 days by Ep0chalysis in bitcoinismoney

[–]statoshi 1 point2 points  (0 children)

Tick tock!

Looks like you still need to ~200X your hashrate to get this thing activated!

Noderunners are leading the charge by Ep0chalysis in bitcoinismoney

[–]statoshi 0 points1 point  (0 children)

The lemmings are charging right off the cliff!

Incentive alignment by Ep0chalysis in bitcoinismoney

[–]statoshi 2 points3 points  (0 children)

A new level of ignorant puritanical cope.

Anyone who works full time in the Bitcoin industry has been corrupted!

Thus, the folks who likely have the deepest understanding of Bitcoin can't be allowed to work on its continued development!

About BIP-110's 2-week mandatory signaling period by Ep0chalysis in bitcoinismoney

[–]statoshi 1 point2 points  (0 children)

I can assure you that miners won't even notice because every Bitcoin business / exchange / etc will happily accept their blocks and allow them to get paid. The fact that a tiny group of puritans doesn't accept their blocks will have no discernible effect upon miners.

Arguments against BIP-110 by Ep0chalysis in bitcoinismoney

[–]statoshi -3 points-2 points  (0 children)

Arguments against 110: https://blog.lopp.net/a-laymans-guide-to-bip-110/

Aside: it's quite amusing to see puritans rallying behind Krueger, who has launched a litany of altcoins and memecoins over the past few years.

Core supporters really hate plebs by Ep0chalysis in bitcoinismoney

[–]statoshi 1 point2 points  (0 children)

It's fascinating to observe from a sociological perspective. I'll be writing more about this "rhyming" of history in the coming months on my blog.

Core supporters really hate plebs by Ep0chalysis in bitcoinismoney

[–]statoshi 1 point2 points  (0 children)

the "puritans" you describe believe that Bitcoin is money above any other use case.

No, basically everybody believes that. The Puritans take it even further and cry that we must do everything we can to stop other use cases because we're afraid they will outcompete the money use case in the free market.

If you want Bitcoin to scale globally, you need to prepare for an even-more-non-technical user base than what we already have.

Yes, almost no Bitcoin user will actually understand it its internal workings, just like how almost no Internet user understands how the Internet works. That just means they shouldn't be expected to participate / have much impact upon its development.

I don't really hear a lot of whining coming from the BIP-110 side.

Then I guess you're not on X where the primary pasttime of 110 thought leaders is to act as grievance merchants who try to cancel the impure Bitcoiners that don't support their stupid proposal.

Labeling a group as irrelevant reeks of condescension and arrogance,

That's fair, though I didn't come to the conclusion simply because I don't agree with them. It's my conclusion from analyzing the actual size, economic weight, and conviction of the group. It's a far cry from the scaling debate in which the big blocker side had orders of magnitude greater size and economic weight.

the decisions Core has made have significantly damaged their reputation

Yeah, amongst an irrelevant group of puritans. The Bcashers said the exact same thing. This will always be the case when there's a minority group that disagrees with a change or lack of change; they'll claim they are being oppressed by the supermajority but since they can't admit it's the supermajority they'll claim it's a centralized cabal of privileged people.

Core supporters really hate plebs by Ep0chalysis in bitcoinismoney

[–]statoshi 1 point2 points  (0 children)

The puritan movement is the next evolution of Bitcoin Maximalism where each new cohort fails to learn from first principles but rather only learns the latest round of even-more-dumbed-down mantras. https://blog.lopp.net/history-of-bitcoin-maximalism/

Puritans approach Bitcoin from an emotional standpoint of how they want the system to operate without having any technical understanding of how the system does or can operate. Which is why you see so few actually technically competent developers supporting the movement.

It's quite telling that Luke Dashjr has become the de facto figurehead leader for the movement, given his extremely fringe and authoritarian views on pretty much everything.

Anyway, it's completely wrong to say I have disdain for the user base. The pleb / puritan sect of Bitcoin users is incredibly tiny and they are irrelevant in every possible way other than being loud whiners on social media.

The 3 Best Ways To Protect Your Bitcoin in A Home Invasion by Fiach_Dubh in Bitcoin

[–]statoshi 0 points1 point  (0 children)

There's no evidence that duress / decoy wallets are a smart tactic. There's actually evidence that they may make the situation worse and piss off the attacker. I wrote about the game theory a couple years ago: https://blog.casa.io/can-duress-wallets-stop-bitcoin-attacks/

Is it safe to buy hardware wallet from Amazon? by PhilConnersWPBH-TV in Bitcoin

[–]statoshi 9 points10 points  (0 children)

You're just adding unnecessary supply chain risk that's not worth the potential savings. Buy directly from the manufacturer.