bitcoin has been running for nearly 17 years
at the protocol level, no transaction has ever been blocked, no coin has ever been seized
not enough people appreciate the magnitude of these simple facts
Discussion
Happy holidays to you and your loved ones 🫡🎄
It's why nothing matters not your 401K, not your stocks, not your fed account, not your yield account, not your credit score.
Nothing matters if you only hold Bitcoin. You don't have to worry about any of those things.
Really amazing! 🔥
They will….
Its Simplicity is underrated
And I doubt it will ever will be, despite ppl's terrible instincts
Yet the majority of people are more afraid to hold Bitcoin than Cash 🤷🏻
well, sometimes I doubt if YouTube users who talk about bitcoin really want people to use it because several times it seems like they are trying to scare people by saying that having bitcoin can be worse for you with justice than doing a real crime.
💯. A perfect record of p2p bitcoin transactions.
Realmente muchos no saben lo valioso que es ésto
Quite a few coins have been seized
This
I’m not sure which technicality he’s trying to leverage by phrasing that way…
He’s a spam apologist and he’s been attacking every proposal that aims to rug the spammers.
not at the protocol level
Liar. There are exceptions of seized/blocked coins at the protocol level, unfortunately.
Proof?
BIP-30 by Pieter Wuille.
This and let’s not forget the inflation bug fix that in reality confiscated *billions* of Bitcoins.
Sending p2p they have not been, however sending to an exchange or other intermediary you run the risk of having coins seized
WINNING for 17 years straight.
First, coins got unspendable from prior forks at homeopathic quantities.
Second, freezing coins with 10 years of head notice isn't theft. It's just actual holders of Bitcoins refusing to sponsor a quantum frenzy to treasure hunt lost coins.
Losing coins was always considered deflationary. We just want to make sure to avoid inflation.
I know what you mean, but it’s actually seized by authorities regularly.
Bitcoin worth $14bn seized in US-UK crackdown on alleged scammers
I’ve often wondered how they physically access the keys….. or is it, how do you fancy spending 25 years in jail or give up your keys for a reduced sentence?
Why is the protocol level the trumpcard when governments have bypassed the protocol level with KYC? Now, many coins are being blocked and seized.
Bitcoin isn't private, anyone can view the blockchain and nailing it down to the individual for confiscation, is a trivial matter now.
The position that Bitcoin is broken and needs to be fixed/updated is untenable.
This position has been wrong 100% of the time, every-time for Bitcoin’s entire history. Bitcoin is about to humble the people who believe the protocol needs to change for quantum.
Yes this is one of the biggest argument. Or the biggest. The robustness of the protocole.
Most people cannot comprehend the magnitude of this feat.
This fact online justifies a valuation of at least a couple million usd for 1 btc
The worst we had was Marathon mining those cucked "OFAC compliant" blocks.
That's why mining is adversarial
No coins seized?! Wrong.
#Monero fixes this
Sounds like you've been smoking too much crack.
When language doesn't respect the realities of boundaries, then failures result at the extremes.
People are not good at understanding boundaries, even the simple Zero, close to which quantum lives.
Here's the fully described reality, this follows the very same conditional logic.
KISS
Some people want to set the opposite precedent
People look for drama, but the real story is boring reliability. That’s usually how the strongest systems look.
You sure Sherlock?
Stay humble and stack memories with your family on the 25th of December.
2026 looks bright as fuck.
Consider home mining with your excess solar energy with a Canaan AvalonQ.
Consider facilitating micro loans to small business owners in El Salvador.
Consider gifting Bitcoin to a younger sibling or niece / nephew for Christmas.
Consider running your own node for the first time.
Consider supporting your independent news outlet / information source of choice financially.
Nothing moves if nothing moves.
Don’t think - act.
Big love ❤️
Dunno if you’re aware of what’s happening with Natalie Yamb and a couple other YouTubers being sanctioned by the EU, but think she’s using Bitcoin(and prob shit coins) to survive now she’s locked out of banking. Good interview with her today on the “Neutrality Studies” channel.
Wasn't the rollack of the inflation bug (184 billion Bitcoin bug) somehow confiscating coins?
I'm not saying that it wasn't the right thing to do...
No. The supply overflow was an exploit Satoshi fixed.
Just like the Spotify hack, the vulnerability in the old world would be exposed before it hits the new
I have to say that you have a unique ability to communicate things. I will adopt that comment into my "orangepilling tool kit"
He has the unique ability to twist facts and say half truths. This one is a prime example. Coins have been confiscated *on the protocol level* at least two times in Bitcoin’s history.
True. Thank you satoshi 🫡🧡🗽
I would challenge that slogan - it is a partial truth.
True but not truthful.
What about August 16, 2013 - Bitcoin Core version 0.8.0 ? How do you square that with the "no transaction has EVER been blocked" ? (cap-case - emphasis by me) And yes 99.9999% is a gold-standard.
I am specifically, criticizing that using "the protocol level" qualifier is more an "ideology wish". It completely ignores the background and the factual tangential risks of blacklists and all that censorship agenda by the U.S. Office of Foreign Assets Control (OFAC) that ultimately can only agitate Bitcoin network resilience.
When I read your post my immediately though was shit - "who gives a f#ck about protocol, when building privacy tools land you in jail."
sorry - disagree big time - and clearly enough people do appreciate the viability of the WHOLE network - the ultimate expression of people-to-people inguenuity.
Ride or dies! 🫡🔥
no caps odell is my favorite odell
It is such a beautiful system
No coin has ever been seized? How did US Govt got the 200k BTC?
They stole it from someone who didn't protect their keys properly.
#facts
The same goes for Monero.
But few appreciate the simple fact that Monero transactions are obscured by default. There is no exchange or government or other entity that can track you through the blockchain to see who sends how much to whom.
The idea of digital cash, with absolute privacy by default, is a tremendous concept. And it exists right now!
Stack digital cash!
Don't be afraid to spend some, too -- it costs pennies at most to send!
#XMR
nostr:note19kz8wc6v5dlkt8g439k3dus76ejacn77rkwjuqkgftpv0zperzzs7zmhg0
Or like the inflationary overflow incident in 2010 when Satoshi forked away (aka confiscated) UTXOs that would have broken the system. It's easy to be cute and virtue signal simple principles, but life is dirty. Sometimes you have to confiscate specific UTXOs to save the network as Satoshi did in 2010. And in no way is this a slippery slope to confiscating any UTXO, literally nobody really believes that
We'll make an exception for Satoshi to patch a bug, especially since it was 2010 when the entire community consisted of like 20 nerds on bitcointalk. For anyone trying to confiscate UTXOs today, they can go fork, I'm not interested in a form of bitcoin that cannot be used as generational wealth because you need to check Twitter every 5 minutes to see how to stop your coins from being stolen at the protocol level.
There are many people who have made long term arrangements to ensure their kids and grandkids get access to some bitcoin. They did this because it is a fair set of rules we agree should be in place for at least hundreds of years. Casually proposing we freeze or steal from these visionaries goes against everything bitcoin has ever stood for.
Insanely beautiful
🧡
Bitcoin's, decentralization, & anti-fragility only exist due2 node runners' constant vigilance 2enforce validity 2work as ONLY money.
Infighting is a need. That's how immunities are developed.
We humans are what seeks 2destroy btc & what seeks 2keep it alive.
No dick pics, thank you.
Bitcoin's, decentralization, & anti-fragility only exist due2 node runners' constant vigilance 2enforce validity 2work as ONLY money.
Infighting is a need. That's how immunities are developed.
We humans are what seeks 2destroy btc & what seeks 2keep it alive.
No dick pics, thank you.
Oops - They do it all the time people.
Excuse me sir, but what about the inflation bug fix? Or this instance? Can we stop parroting things that just are not true and look like clowns later?
1. Duplicate txid coinbase bug → BIP-30
Blocks 91,842 and 91,880.
Two coinbase transactions reused the same txid as earlier coinbases. Later ones overwrote earlier ones in the tx index. When BIP-30 locked in the rule “no duplicate txids,” the earlier outputs became permanently unreachable.
Coins were not reassigned. They were economically burned by rule finalization.
This is the cleanest example of what you’re pointing at.
2. 2010 value overflow bug → emergency reorg
Block 74,638 (August 2010).
A transaction exploited an integer overflow and created ~184 billion BTC. That block was later invalidated via a coordinated reorg and patched client release.
What happened economically:
• Outputs created in that block ceased to exist.
• Coins “spent” from that block were undone.
• The supply was corrected by deleting history.
This is outright confiscation via rollback, even if justified. It’s the strongest counterexample to “Bitcoin can’t take coins.”
3. Script rules tightened via soft forks (edge cases)
BIP-66 (strict DER signatures), BIP-62 groundwork, later script tightening.
These soft forks made some scripts that were previously acceptable under loose rules no longer valid.
In practice:
• Very few real outputs were affected.
• Any affected outputs became unspendable unless already spent.
This is rare and mostly theoretical, but it fits the definition: a rule change removed spendability without moving coins.
4. OP_NOP repurposing (e.g., BIP-65 / CLTV)
OP_NOP2 → CHECKLOCKTIMEVERIFY.
Scripts that relied on OP_NOP2 doing “nothing” could, in theory, break. Any such outputs would become unspendable post-fork.
• Practically nonexistent usage.
• Conceptually real: semantics changed, spendability changed.
Not confiscation in spirit, but yes in mechanism.
5. Anyone-can-spend outputs via invalidated blocks
Whenever blocks are later ruled invalid by tightened consensus (rare but nonzero), outputs from those blocks disappear permanently.
This happened in small incidents (e.g., early Berkeley DB lock limit fork in 2013), though coins were usually recovered via reorg. If they hadn’t been, they’d qualify.
“no coin has ever been seized”
I can name two instances that disprove this claim, and there could be more, idk. But your favourite OG influensoor prefers not to count those, bc the rosy narrative won’t stick.