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andrewtoth
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Probably a better time to sell than others 🤷. Around 3 months ago it was sub $80.

Why are you spreading this misinformation? No policy changes have been merged regarding OP_RETURN in Bitcoin Core. Version 30 is not even scheduled for release for another 5 months.

It's only useful if you are mining with the node and want to collect fees from other txs. If you just want to mine your own txs you manually add them to the template.

You can also estimate fees for your txs without a mempool, but you can only do it against recently confirmed txs so it will be less accurate.

Every other feature will work the same except you deal with mined txs instead of not yet mined.

Most people think Bitcoin governance is decentralized. It’s not.

Here's the uncomfortable truth:

You don’t need 51% of miners to change Bitcoin.

You just need 5 Core maintainers and a network of node operators who click “update” without reading.

That’s not decentralization.

That’s blind trust in a gatekeeping elite.

Here is how.

Bitcoin's 51% hashpower rule protects against double-spends, not protocol changes.

Changing the rules requires consensus. but in practice, consensus often follows the code, not the other way around.

When Core maintainers approve a change, it propagates silently.

Most node operators don’t audit code.

They trust.

They comply.

Exampl: #OPRETURN

Core removed the 80-byte limit with almost no discussion.

Thousands of nodes implemented it automatically.

Most had no idea what changed.

That quiet change triggered a silent revolt:

#Knots node usage surged 137% as informed operators rejected Core’s move.

But let’s be real:

That’s a small, technical elite.

Most #node runners are flying blind.

This creates a hidden centralization vector:

#Core devs don’t just write code. they decide which changes even get considered.

If they don’t approve it, it doesn’t reach the network.

They control what’s ‘acceptable’ and that shapes Bitcoin’s future more than most realize.

They decide which changes are “reasonable.”

And that shapes Bitcoin’s future. far more than people admit.

This isn’t about malice.

It’s about structure.

Complexity creates dependence.

And dependence creates power.

#Bitcoin’ s biggest centralization risk isn’t hashpower.

It’s the silent authority of trusted code maintainers (of the most dominated node sotwares out there) and the myth that decentralization protects us from that.

> Core removed the 80-byte limit with almost no discussion.

> Thousands of nodes implemented it automatically.

This is complete nonsense. There has not been any removal or change of any limit. There has been ongoing discussion about potentially removing a limit for weeks now. There has not been any new release of Bitcoin Core that implements any change of policy in months. No nodes are implementing anything automatically.

All use cases for a node with a mempool except mining for fees or more accurate fee estimation.

First of all, this tx did not make it into the mempool. As for why it would be desirable for it to have been first propagated to your nodes mempool, especially with respect to helping bitcoin and mining decentralization, this has been discussed ad nauseum. See https://antoinep.com/posts/relay_policy_drama/.

This OP_RETURN change has nothing to do with JPEGs. It is 4x cheaper to store JPEGs in the witness data, and the witness data is *not* stored in the UTXO set.

This change is for protocols that need some small amount of data but bigger than 40 bytes to be in an output before being spent. Witness data is not suitable for this because the tx has to be spent to reveal the data.