Lol.
Ocean offers name inscriptions. What monetary use case is that?
Discussion
Names is an easy pivot to obituaries.
Why carve into something temporary (headstones) when Bitcoin already guarantees permanence? The chain will never forget. If we’re honest, the headstone was always the placeholder, the attempt at permanent memory. Bitcoin is the memory. Energy (money) is the price we pay for permanence.
Put me on a block when I die
🫡 I’ll do my best brother, hopefully someone will. I hope you don’t plan on going soon. It’s a great usecase to show inscriptions have purpose and meaning.
Throughout scripture and christian tradition, inscriptions have always been used to preserve memory and truth. Stone tablets of the Ten Commandments, names carved on tombs, inscribed names in the Book of Life. Writing into permanence is a way to anchor faith across generations. An inscription is a testimony, a covenant, a marker of truth that does not fade with time.
When we carve names in stone, we are saying: this life mattered, this truth must not be forgotten. The medium matters: stone resists decay, so the inscription becomes a symbolic echo of eternity.
Now, if money is not just paper, tokens, or numbers but conserved energy, then what we choose to inscribe with it reveals what we believe about permanence. Most money today is fiat (erased by inflation/entropy). It cannot hold testimony given enough time. But Bitcoin’s ledger is different: it is the first incorruptible inscription medium. It preserves energy as memory, every 10 minutes, with no “priestly”intermediary.
If Christians have always valued permanence in inscription, truth written into stone, faith written into covenant, why would we dismiss the one system God allowed man to discover that writes into an incorruptible ledger of time itself?
Why should we only inscribe names in stone to remember the dead, but not names (or truths) inscribed into the living ledger of God’s own laws of conservation? If eternity matters, then the medium of remembrance matters too. Stone was good for a time. But the timechain will never forget.
This is more to say, we don’t understand Bitcoin.
Always be learning.
This is a new perspective to consider.
Lol, you know that coinbase tags are not inscriptions you silly guy.
You sure? Because a name is arbitrary data that has no monetary use.
Literally the coinbase is FOR arbitrary data to give a unique identifier to the block for entropic value. This has been an argument against spam TRANSACTIONS not spam block headers...
Coinbase is a transaction. 🤔
Yes in an INPUT not an OUTPUT.
So we're good with inscriptions for inputs?
Dude, I am good with all kinds of fuckery on chain except OP_RETURN standardness. I think 40 bytes is too much. OP_RETURN means IGNORE, DO NOT RELAY THIS, but by makinging the field standard Core hacked the system. Knots is no better to have included 40 bytes.
Sir. Have you hear of taproot annex inscriptions? Or perhaps control block inscriptions?
No, but also I don't use inscriptions, I just don't care about them, as long as they are sigs or keys.
So you can store them on your node forever?
Sure, I mean until the node is destroyed, yeah. Much better alternative to making Bitcoin into Ethereum.
What part of Ethereum is the bad part?
The fact that it could just be a programming platform instead of a shoehorned currency scheme. I don't think turning a great form of money into a joke by shoehorning a programming platform into it is a good idea.
That and Vitalik looks like a cybernetic alien.
Do you dislike ZKPs?
Yes. They can be stored elsewhere with no downside. Storing them on chain is like carving the history of france into the Eiffel Tower. It's good to have written somewhere, but why there?
Permanence and availability. Same reason we record our ledger entries on the chain.
Yeah centralized availability is not smart, which is my point. Nostr isn't a single chain, highly available and permanent (if enough nodes persist) why not use that?
Immuteability. Same reason we publish to the chain. No take backs.
And your Nostr relay is muteable how...?
Jb55 has nuked the Damus relay at least once.
*your* relay. Mempool.space could nuke theirs too.
I could delete my relay? Or remove events? Immuteable means it can't change.
This is true of Bitcoin as well, man. You you broadcast a note to yourself it's like running the only node on the BTC network, you could make a transaction then reorg yourself. This is apple to apples here. Then bitcoin is not "immutable" either.
Look if someone doesn't like it they can run v0.13.0 of bitcoin core and have the witness data removed. I dunno this whole convo just seems like a gotcha for Knots because "something-something arbitrary data."
You know what they are trying to do. You know why a miner's arbitrary data is more valuable than someone broadcasting their transaction. I would like to stick to more substantive conversations like removing the OP_RETURN field from standardness.
That would accelerate dark mempools
I don't think so, but I don't care if it does. Mempools are stupid anyway. Libbitcoin has a better model for verification, and data stoarge. But Core and Knots are stuck with this architecture.
How is libbitcoin made aware of new txs?
You have a similar gossip except it pulls from the: fastest, most data-full, and responsive nodes around you. I think I saw 100 peer connections but again, it takes EVERYTHING as a transaction, indexes, then if that transaction is ever found in a block it validates. It doesn't filter as the transaction comes in.
That sounds like something knots people wouldn't want. Why accept everything? Isn't the idea of knots to filter things that are unwanted?
You take everything because disk is the cheapest resource (also frees up RAM for the actuall chain), and mining is what determines what goes in so, if you have literally EVERYTHING, you as a miner do the filtering.
Paired with Stratum V2 or Datum, this means there is a truly decentralized immutable way of CHOOSING what you want your proof of work to put on chain.
The chain cannot fit in RAM
Lol, I'm telling you that the architecture is wild but using self-validated "checkpoints" as they call them, you can fit the highest chain on RAM. (The guy was using 128G of RAM) but yes, they did.
you understand inscriptions allow for 4x more spam to be stored per block and op_return is way less harmful right?
This marketing is trying to appeal to those tards who like inscriptions but using the coinbase tag (to actually add entropy and help mine) just like Satoshi did in the Genesis block.
You could use thread::RNG. Why use arbitrary data?