Is Bitcoin Core Compromised?
https://blossom.primal.net/a749027478f91588aea9320cf1408aac6131c770ff173c0cb3b837ad95274834.mp4
Discussion
It’s gonna the breaking point of bitcoin to have other info than money relayed through the nodes. It’s destroys the essence of bitcoin.
100% Compromised, but what else can we expect?
Profit motivated
#bitcoin
#lightning
#runknots
#runyourownnode
#mynodemychoice
Spoiler: yes, it is
The core dev logic of "miners will do anything for money so let's remove spam filtering" is asinine. Miners have the (short sighted) incentive to turn Bitcoin into another shitcoin. Node runners are a check on this incentive, and core wants to remove this check? Absolutely not. I'm not volunteering to run software at my own expense just because it makes life easier for miners while degrading Bitcoin as money.
I should have said: makes life easier for shitcoiners. Theoretically it makes life harder for miners who will no longer benefit from out-of-band revenue they currently receive. Interesting that there's no push back from mara or other miners on BIP, seems like they aren't concerned about losing out on slipstream revenue. Why is that I wonder 🤔
Exactly. I've been thinking for a while that Knots is a scam pushed by spammy miners 😜
... although, now I suspect that I misunderstood your point, nostr:nprofile1qqsgzkxr397kq7qkuktplcxp4r5m7pay6udwan8w67d70tcq02erqwgpz4mhxue69uhhyetpd3ujumtvv44h2tnyv4mqzsmhwvaz7tmeddnx6mm3dekkg6r2v9mnguttd958vutfvaexz7tfw4ekxmrxw9uxv6pjd36rxenjw3k8j6m0v3un2amhwe3kv6ty9ehku6t0dcq3jamnwvaz7tmvd9nksarwd9hxwun9d3shjtnrdakj7tqeex2. Can you clarify what you are saying about the miners' approach to this issue?
As I understand it, the main core argument for removing the op_return limit is that miners like mara are benefiting from out of band payments from spammers using services like slipstream. This extra revenue source, separate from normal tx fees, increases mining centralization because spammers will tend to use the service of the largest pool, which then can use that revenue to get even larger. So core argues that removing the limit helps decentralize mining, which would necessarily mean a decrease in revenue for large pools like mara.
So (theoretically) spam filters (i.e. op_return limits) help spammers (less need for out of band fees) and hurt pools (less out of band revenue). If this is true why are mara or other large pools not pushing back on this BIP. I think the reality is that core's concern about pool centralization are not genuine. They (some of them) just want more shitcoining on Bitcoin and both spammers and pools like mara are on board. If this BIP actually hurt pools via decreased out of band revenue then they would be fighting it but they aren't.
Thanks for your response. Most of it makes sense.
But parts of the final paragraph remind me of that paranoid ramblings of big blockers, accusing everybody of being a shill. It makes me less trusting of the rest of what you say
I suspect that much of the support for Knots comes from spammy miners, and I haven't yet seen a *rational* defence of Knots that is based on high quality game theory and concern for defending Bitcoin.
I think a lot of people in this debate are deliberately talking shit in order to generate engagement
I never said everybody is a shill. Clearly there are core devs who want this change. The ones who have been most vocal about it (e.g. Lopp) are shills, but many core devs just want to work on Bitcoin and are understandably annoyed by the controversy.
If you've watched the various videos by Mechanic and still think no rational case for knots has been made, then you and I somehow came to the opposite conclusion. It's ok to disagree, that's why configuration options exist.
Omw to building my Knots node
Fuck spam on #bitcoin.
Thank you Kratter
you still relay spam with knots
But Core stabbed us in the back. So we’re in a pickle.
who is us? I am an independent Bitcoin core contributor and I think knots is retarded
Raising the op return limit sounds pretty retarded to me. Fuck that
Bitcoin core is blatantly planning to increase or remove op return limits in October.
I agree with everything except the Roger Ver comments. I don’t think of Roger as a shitcoiner, yes he had some flawed ideas, and yes he fell for Craig. But I think he admitted his mistake and only ever had the best intentions.
Nothing beats running Knots at this point.
nostr:nevent1qqs87g9v44avqw7w8v5f575sth66zsgru8smpt4l2ac9cluvhpwh8pg5assd8