Where are those people who said high fees will eventually kill spam?
Are you guys still sleeping on this?
Are you still going to rationalize spam?
Ditch #bitcoin core and start running #bitcoin knots
and don't forget to send your hash to Ocean
#bitcoin
I think if you understand bitcoin from the deeper level, it actually leads you towards self consciousness and it attacks all your beliefs that thoughts that you took from someone without asking any intellectual questions how it makes sense from logical or scientific perspective and that's what makes #bitcoin (aka sound monetary policy) great than anything else.
It will eventually lead masses to adopt religion(s) with the good understanding of science, math and nature of laws. Currently, what we are seeing is people either have (somewhat) blind faith in their religion(s) or people who just don't have any faith in god and #bitcoin fixes this if you look at the deeper level.
Once you adopt and completely understand #bitcoin, instead of asking god to get rid of evil / satanist power, you will ask god to make you enough self-sovereign so, you can fight against all satanist power.
If any of the miners (not the mining pool) want to show their support for the anti spam movement, I would suggest sending your hash to Ocean for the halving block.
It will send STRONG message to other mining pools that not all miners are GREEDY miners but some of them are actually ethical miners or miners with low time preference.
Please spread this message as much as you can to make sure it reaches out to the maximum number of miners in Nostr community.
LONG LIVE #BITCOIN (oh sorry #FREEDOM)
This book is written by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak.
Show this excerpt from "The Fiat Standard" book to your fiat normie or no coiner friend(s) before we get into currency crisis.
Some of these normies might be able to understand where we are headed in fiat clown world.
#Bitcoin
This excerpt from the "The Fiat Standard" book really applies to a lot of Indian people who have blind faith in Modi (aka BJP) government.
I think you won't roast Trump fans anymore when you meet Modi fans. The amount of trust these people have in Modi is just way beyond anyone's imagination.
The more I read about statism the more I think that Modi fans will be the last people who will adopt #bitcoin. The more these statist people will listen & read about nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak the more they will realize (deep down) how dumb they are.
nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak - when are you releasing "The Fiat Standard" book in Hindi? I think some of the hard working Indian people need #bitcoin than anyone else.
Whoever is not bullish enough on Ocean mining pool they should read "Bitcoin and Energy Markets" chapter from the "The Fiat Standard" book by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak to understand
#bitcoin mining is still very underrated. There is so much upside left for Ocean.
I think bitcoiners (including ethical miners or miners with low time preference) gradually started realizing that Ocean is the only mining pool who is trying to play long game here and they are the only ones who actually care about the health of
#bitcoin network than almost anyone else in
#bitcoin mining community.
I think once some miners realize that how other mining pools have been exploiting them with FPPS payout model, they will switch to Ocean at some point to mine SPAM FREE blocks.
Maybe Ocean also needs one small nation state or one big player in mining, that might also change the whole game...!!!
Let's see how everything plays out...!!!
cc
nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr
nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk
One of my friends met me today and he was telling me how lucky these people who HODL their #bitcoin for last 5-7 years.
He was also telling me that sometime you need couple of JACKPOTS like this in your entire life and you are all set.
It's funny how fiat normies overestimate talent and underestimate conviction, wisdom, economic incentive and HODLING.
This is what happens when you take your school education (which was designed by Rothschild and Keynesian Economists) very seriously.
YOU NEED TO HAVE STEEL BALLS FOR HODLING #BITCOIN MF...!!!
Where are those people who keep saying that most of the spam will be replaced by high fee monetary transactions?
Always remember that "Gambling/ Speculation has always been inherent part of human nature."
#bitcoin
Always make sure to run #bitcoin knots instead of Bitcoin core and send your hash to Ocean Mining.
All my Nostr friends,
Never ever forget to show this example when you explain the benefits of using Nostr to normies.
Sometimes I think that #bitcoin is not an innovation but it's discovery and that's what freaks out a lot of people.
For this same reason, we have to be very careful when some #bitcoin devs are taking #bitcoin in the wrong direction. (i.e. normalizing SPAMS, make layer 1 accessible for everyone (not anyone))
People should know that #bitcoin is the last chance to save humanity from slavery so, when someone attacks Bitcoin (aka taking Bitcoin development in the wrong direction), it's our responsibility to be as toxic as possible and call them out.
What we are doing with SHITCOIN magazine, should have been done way before then spam wouldn't have gone this far.
This meme explains the fall of #bitcoin devs community and why we need more WISE devs (who know more about Austrian Economics than programming the Bitcoin).
Bitcoin Developer (with ok knowledge of programming but very good understanding of Austrian economics > Bitcoin Developer (very good knowledge about programming but ok or no understanding about Austrian economics)
Few.
#bitcoin
This is called professional gaslighting...!!! 😎😎😎
Not sure when people will find out.
https://twitter.com/cb_doge/status/1759499446294020460?t=lf_wKOxtZTwF7jShGdrJYw&s=19
#Bitcoin price increases over the years -> more and more people will listen to nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak -> more and more people will get rid of their financial advisors -> more and more people will move away from the fiat diversification scam.
#Bitcoin
As much as i might agree that inscriptions are spam and should be blocked, the reality is that there's no way to actually enforce this. Even if we used mempool filtering, inscribers would simply send their txs direct to the miners (who are happy to take the fees) or they can use obfuscation techniques like Inviscriptions ( https://conduition.io/bitcoin/inviscriptions/ ) to bypass the filtering in an endless cat & mouse game.
I agree that inscribers would go out of the band and pay mining pools (not miners) to inscribe SPAM but that's what needs to happen first so, we can identify and expose those bad actors (mining pools in this case) and we could put social pressure on miners to mine with pools like Ocean.
Keep in mind that when it comes to inscribe arb data, there will always be cat and mouse game and I think node runners will have to be very adaptive when it comes to adjusting their filters.
Every software will always have some bug(s), no matter how much you optimize it so, you always have to play cat and mouse game to keep optimizing that software. Same applies to #bitcoin.
Nobody is perfect in the world (not even #bitcoin) so, it's our responsibility to do everything to protect the HEALTH of the #bitcoin network.
Moreover, this is also lesson learned that we need to be super slow when it comes to upcoming changes (or improvements) to the #bitcoin network and we need to be super diligent in identifying second order effects of changes/improvements.
Spam is flooding Bitcoin with useless transactions. This clogs the network, makes fees expensive, and pushes real payments out. Spam wastes resources and harms #Bitcoin 's usefulness as money.
Spammers say "spam is subjective" and "a valid transaction is valid." But spam has clear traits: it wastes space inefficiently and exploits #Bitcoin functions in malicious ways. High fees also don't justify spam, since demand should drive fees up, not attacks.
Spammers claim #Bitcoin can thrive with greedy miners only caring about money. But miners need Bitcoin to stay useful long-term to profit. If spam ruins Bitcoin's utility as money, that hurts miners too. Letting spam dominate blocks devalues #Bitcoin.
Some say you can't fight spam, but that's false. Bitcoin users have coordinated to fight spam before. Updating filters and getting miners on board sends a message about undesirable activity.
Making payments cheaper doesn't justify spam either. Cheaper fees reduce miner income, same as spam filters. But efficiency improves network value, benefiting miners long run. Spam to push scaling changes also dangerously rushes upgrades without proper testing.
"Satoshi embedded data on-chain, so spam is allowed." But Satoshi didn't bloat or exploit #Bitcoin . Reasonable data inclusion doesn't equal endorsing spam attacks on the network. What matters is intent and responsible use of resources.
"High fees will stop spam eventually." No - spammers currently pay the highest fees. They'll keep raising budgets to clog the chain. Real demand should drive fee prices, not attacks. Relying solely on pricing spam out fails to address the root problem.
"Everything is good for #Bitcoin." Not true - #Bitcoin has flaws and vulnerabilities like any system. Attacks can impair functionality. Defenses are needed to protect network reliability and user experience. This requires proactive effort from Bitcoiners.
You can fight spam by running updated node software (i.e. #BitcoinKnots or Ordirespector) , setting policies against spammy transaction types, asking developers for better defaults and UI controls, pointing hash rate at filtered mining pools like OCEAN MINING and staying vocal about protecting #Bitcoin .
#Bitcoin once had strict anti-spam rules that got relaxed over time. Spam isn't new - previous incidents led to things like Blockchain DNS and Counterparty flooding the network. But coordinated action reined these in. With motivation, spam can be mitigated again.
For more information, check out below website
https://wtfhappenedinfeb2023.com/
cc nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk nostr:npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42 nostr:npub1au23c73cpaq2whtazjf6cdrmvam6nkd4lg928nwmgl78374kn29sq9t53j
Spam is flooding Bitcoin with useless transactions. This clogs the network, makes fees expensive, and pushes real payments out. Spam wastes resources and harms #Bitcoin 's usefulness as money.
Spammers say "spam is subjective" and "a valid transaction is valid." But spam has clear traits: it wastes space inefficiently and exploits #Bitcoin functions in malicious ways. High fees also don't justify spam, since demand should drive fees up, not attacks.
Spammers claim #Bitcoin can thrive with greedy miners only caring about money. But miners need Bitcoin to stay useful long-term to profit. If spam ruins Bitcoin's utility as money, that hurts miners too. Letting spam dominate blocks devalues #Bitcoin.
Some say you can't fight spam, but that's false. Bitcoin users have coordinated to fight spam before. Updating filters and getting miners on board sends a message about undesirable activity.
Making payments cheaper doesn't justify spam either. Cheaper fees reduce miner income, same as spam filters. But efficiency improves network value, benefiting miners long run. Spam to push scaling changes also dangerously rushes upgrades without proper testing.
"Satoshi embedded data on-chain, so spam is allowed." But Satoshi didn't bloat or exploit #Bitcoin . Reasonable data inclusion doesn't equal endorsing spam attacks on the network. What matters is intent and responsible use of resources.
"High fees will stop spam eventually." No - spammers currently pay the highest fees. They'll keep raising budgets to clog the chain. Real demand should drive fee prices, not attacks. Relying solely on pricing spam out fails to address the root problem.
"Everything is good for #Bitcoin." Not true - #Bitcoin has flaws and vulnerabilities like any system. Attacks can impair functionality. Defenses are needed to protect network reliability and user experience. This requires proactive effort from Bitcoiners.
You can fight spam by running updated node software (i.e. #BitcoinKnots or Ordirespector) , setting policies against spammy transaction types, asking developers for better defaults and UI controls, pointing hash rate at filtered mining pools like OCEAN MINING and staying vocal about protecting #Bitcoin .
#Bitcoin once had strict anti-spam rules that got relaxed over time. Spam isn't new - previous incidents led to things like Blockchain DNS and Counterparty flooding the network. But coordinated action reined these in. With motivation, spam can be mitigated again.
For more information, check out below website
https://wtfhappenedinfeb2023.com/
cc nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk nostr:npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42 nostr:npub1au23c73cpaq2whtazjf6cdrmvam6nkd4lg928nwmgl78374kn29sq9t53j
In case, someone is wondering why we have been seeing constant wars between countries, read below 2 paragraphs from "The Fiat Standard" book by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak. Fiat currency is the REAL ROOT CAUSE of constant wars. Not sure when majority of population will find out.
MAJORITY OF POPULATION NEEDS TO STACK HARDER INSTEAD OF VOTE HARDER.
Maybe nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak should talk more about these paragraphs in his podcast. These paragraphs align really well with Israel - Palestine and Russia - Ukraine conflicts.
"FIX THE MONEY FIX THE WORLD" #Bitcoin
