every project has leaders.

Core can eliminate the cap if they want and it doesn't matter whether your node upgrades.

pretending like there's no de facto leadership is hopium.

Typical shitcoin behavior. Make a nonsensical statement and walk away from it.

Why would anyone be inclined to agree with him? If they don’t agree they don’t run his code.

It’s literally the complete opposite. Bitcoin core is swaying the opinion of people to be inclined to agree with them and a limitless OP_RETURN.

Do you see the hypocrisy!?

What are you talking about if Luke did something node runners didn’t agree with, the node runners wouldn’t update.

But while we are discussing hypotheticals if knots did move for a fork and there were 2 chains and 1 started filling up with finical transactions and the other was filling up with dick butts the “real” bitcoin wouldn’t be hard to identify and would become blatantly obvious in retrospect.

The problem is you're all in on one asset class. That's your own indaba, but at the end of the day if you can hit a 26.7% CAGR, you'll 100x you investment in 10 years.

why don't you own Sex token? If supply dynamics and price is what you're after, there are better coins than Bitcoin.

Let alone any fork of Bitcoin. The hard currency you claim is also controlled by a small subset of developers; who determine your money, much like new world bankers.

So the question is why Bitcoin? Like i know why I'd take gold; but bitcoin already has so many forks - even this new knots thing is a new thing on "hard currency"

The spams existence is actually the cause of that distortion. It has a negligible effect right now on fee calculations, but that will change if spam is encouraged and amplified and in much higher quantity.

I thought of it. This is why the only Bitcoiners who take an active part in managing the software should be ones who are not gullible, not susceptible to tribalism, who understand the principles, who think things through logically with respect for uncertainty, and who question everything. All others will be misled eventually. Authority is a fiction. Leadership is real. The true Bitcoin will have good leadership and not stifle conversation.

Fiat makes the world go around, until it doesn't, I'm going to play the game.

After all, aren't all of you fiat maxi's cause your all concerned about a PRICE in US dollars?

It ends up in blocks and not mempools, it makes everything worse

AND... they would pay more if they need a private mempool to do it. disincentives. You can run circles around this all day, but the reason we're gonna go 1000x on OPreturn spam in the next few weeks, is solely because of Bitcoin Core choosing "bitcoin is a database" as the hill to die on.

Shitcoiners are sharks and yall are choosing to chum the water at the beach.

bro how can you do engineering at any competent level and have no qualifications? that's just wild.

Which is something you might do as an individual, but it's pretty obvious that bitcoin implementations aren't going to hardcode every single miner into the peerlist of every single node. So realistically, whether you have a spammy workaround or not, the implementation that most nodes run matters and the filters still matter.

Source: "I made it up"

if you think so;

Again, you legally can't hire some bum off the street who doesn't have qualifications to do a job where you need qualifications i.e. handling other people's money.

Remember, I don't have an art degree and I'm one off an MBA, so straight C-Suite hire.

if you think so;

Again, you legally can't hire some bum off the street who doesn't have qualifications to do a job where you need qualifications i.e. handling other people's money.

Remember, I don't have an art degree and I'm one off an MBA, so straight C-Suite hire.

it is when I apply for a job, that's for sure.

IDK why you people think education is a farse? People literally get hired from prestigious schools, if American institutions has gone to shit, doesn't mean other global institutions have.

100% guarantee wall and main street are not hiring Hustler University graduates, or Kamala Harris.

basically so, but the "pay back the loan" is just printing more dollars. That's why the US is in a position where it's reserve currency of the world, at the detriment to every other country.

so the dollar is less about it's gold reserves, but more so about ALL reserves, from military, oil, gas, technology, open markets etc.

It is also based on the future production of goods and services; in other words, there is a premium on the dollar because the future labours of the US citizen will be used to repay the debt. It's a high labour class and product class too.

You're taking a dollar for the potential of a US worker to pay you back on that dollar that they borrowed from you

Does this make sense? Don't worry - it took our class a few good sessions to understand this concept too.

Lol I have a degree in business administration bro did 4 years

History says that you will stagnate. It doesn't mean you can't, but it doesn't mean you will out pace other nations.

to some degree it is, not as hard as gold bullion, and not as easy as cash.

Remember, if you have it in cold storage, you'll have to load it up, move it, check mempool for fees, then move it on chain - these things aren't so easy and are actually quite cumbersome if you think about it.

in other words, hard assets, are often cumbersome and slow to move. In fact they are that way because they are hard yielding (aka hard to mine and refine). There is only so much of it as well, thus if you cannot fund with hard assets, you fund with debt. That debt is an IOU issuance with collateral.

well then, what's the difference really?

Promissory note on bitcion == promissory note on gold.

Either way you're holding paper, whilst someone else holds the actually underlying

Is there a single thing you've said during this conversation that I haven't engaged with to your satisfaction? Do you want to ask me to repeat something you've said back to you? You seem intent on continuing to give me attention so I'm trying to help you to do that. Do you really have no way of engaging with someone who won't hoard Bitcoin?

yeah but that's why empires collapse.

In order for excessive growth, you need to issue the debt to facilitate that growth because the reserves cannot. Unless you go an horde someone else's economy - but that only works for a short time.

Hence why the US leaps and bounds in growth, it has high debt issuance that facilitates everything.

And they can't default because they can just print their way out of the default, no other country can do this.

No. You buy bitcoin, hodl it forever and golden palaces appear and everyone is happy.

Do you even listen to podcasts?!

The main difference is liquidity to do the developments. By funding the debt, bankers can repackage that to instituations or pay out an interest rate to saving account holders.

Other than that, the 600 million goes into materials, labour, localised workforce, job creation etc. etc. and when the housing is completed the apartments offer cheaper rents, more accommodation etc. etc.

Society improves off that debt issuance.

It's why Strike is offering loans against bitcoin, something like 100k for 2.5BTC. This is a debt facility that allows you to do things (hopefully that make you a return) and pay off the debt.

No, fixed hard currency does not allow for economic growth.

Debt does.

We discussed this already

Hope you don't mind. We tried to connect to your node too. But we got the same error message as Mike.

Do you self-host your node or do you use a hosting provider? Feel free to DM us directly: support.getalby.com

I know you want to make Bitcoin audio / video straming service but this is not what Bitcoin is for.

Bitcoin is THE Global Most Secure Decentralized Unconfiscatable Peer-to-Peer Scarce Hard Sovereign Freedom Money and Greatest Store of Value

And should remain being that.

Wrong. I do decide with my Knots node. I can set the filters however the fuck I want.

I welcome all adequate filters and limits that remove spam as much as possible for Bitcoin to continue be robust MONETARY network.

rounding error ... no one cares about rounding error

We speak about the following scenario.