Hey nostr:nprofile1qqswrlemlh2wgqc4jkds3d8ueqj9a2j3gcm7r48v9tskdd6rxsd7rtcpzfmhxue69uhhqatjwpkx2urpvuhx2ucpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqjxamnwvaz7tmwdaehgu3wwfhh2mnywfhkx6mzd96xxmmfdejhyuewvdhk6jg4k33! I see that you've decided to join Taproot Wizards to build out CatVM which relies on OP_CAT.
The majority of supporters behind OP_CAT are Ordinals users, people that want to push it "for the memes" and "for the lawls", and a few people that I consider bad actors in #Bitcoin. I believe that OP_CAT will allow more Shitcoining on top of Bitcoin. Am I wrong?
You are incredibly talented and smart. Far more so than I could ever be. I have a deep amount of respect for you. Hell, when you were talking about building a multi-sig Lightning node for corporations while we were poolside in Madeira blew my mind. Anyways, can you help me understand why you feel that OP_CAT is needed and why am I wrong about it?
I asked nostr:nprofile1qqsw3znfr6vdnxrujezjrhlkqqjlvpcqx79ys7gcph9mkjjsy7zsgygpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz8thwden5te0dehhxarj9ekh2arfdeuhwctvd3jhgtnrdakj7qgkwaehxw309ajkgetw9ehx7um5wghxcctwvshspg7dju about OP_CAT at the Bitcoin Freedom Festival and his short answer was that Satoshi removed it for a reason. I stopped doing research on it at that point.
Thank you brother and congratulations on the new job. 🤙🏻🫂💜
People are already shitcoining on Bitcoin and it will never stop.
OP_CAT allows you to build covenants and perhaps ways for the shitcoiners to have fun while not hurting every other Bitcoin users.
On top of that, Bitcoin users interested in self-custody and payments alone would benefit from having covenants available.
Win win
I’m with Alex on this.
So it makes Shitcoining easier like I said? How does this protect me? I already self custody and make payments without an issue.
It does not make shitcoining any easier.
It allows any Bitcoin users to set spending restrictions on their bitcoins. If you have an issue with how other people might use their bitcoins that's a you problem not a Bitcoin problem.
Any feature that makes Bitcoin better by default makes the life of anyone who use it better. Would we want to remove multisig because it makes shitcoining on Bitcoin easier?
Meanwhile you can use those new spending conditions to create a vault with reactive security for your savings, or your ecash mint.
Or build more capital efficient ARKs to further improve liquidity for Lightning Service Providers.
i don't have an issue with how people are using bitcoin. ive specifically said numerous times "what kind of asshole would i be if i told someone how to use bitcoin". if you want to scam yourself and do dumb things, that's on you, not me.
what is on me is trying to understand what Ben's thoughts were on the matter, because i respect him and am very curious about the decision.
im trying to learn here. im never, ever going to use an ordinal or inscription or rune or whatever the next scam is, but i want to learn about them and the use cases for OP_CAT, hence the reason for me asking.
the one thing that know that stands out is how overly hard people are pushing for this and laughing the entire time while doing it. that isn't a good look and most likely will never make me support it, unless i hear from people i respect that change my mind.
the use cases you mentioned about spending conditions for mints or ARK or LSP improvements are worth learning more about.
plus, im not sure how more ordinals or inscriptions or runes helps the people in developing nations. if they are a byproduct of people in developing nations having easier chances at using bitcoin, then it may end up being a net positive. we shall see.
I mean it seems like you choose to focus on the noise. It’s fair to be curious about what the actual benefits are but a technical proposal should not be evaluated on the basis of people who support it.
Otherwise it would be trivial to jam Bitcoin progress forever on.
