Do you worry if today's controversial OP_RETURN PR merger is going to negatively affect the push to enable CTV + CSFS?
what is the economic incentive to use OP_RETURN instead of witness or bare multisig?
OP_RETURN is objectively more expensive.
you do you while I stay humble and stack sats 😄
Today: Square is accepting bitcoin payments nostr:nprofile1qqsphtcc46rrelvptfm4c2y58k85alnam0lfu773mgwdmtynka0zspsql7emy 🟧
Soon: Sellers can accept bitcoin payments wherever they are 🚀
Details here: http://squ.re/btc
It was about damn time. Thanks nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcqyrrkzl5yxd7xz8rat72pkdd3a3gl9tnwnaq64jtpvzfd2y8pc227qxxwq2n nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyehwumn8ghj7mnhvvh8qunfd4skctnwv46z7ctewe4xcetfd3khsvrpdsmk5vnsw96rydr3v4jrz73hvyu8xqpqsg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q8dzj6n
A general synopsis is that with 8Gb Pi4, I cannot add some other apps on my Umbrel OS on top of Core + Lightning + Electrum and some other apps like Jam, Mempool, Nostr relay and Pi-hole. Thats my point, a slow degradation that has made me upgrade to mini-PC within 4 years.
Rather than diving further in that aspect, what are core developers doing to resist or prevent further UTXO bloat?
My thinking is as follows:
1. UTXO bloat (4 GB -> 12 GB in the last year?) has already increased the growth and hardware requirements (I had to replace my Pi4 8 GB)
2. Bitcoin core has done nothing to fight against it.
3. Now they want to invite more spammers and it's not going to help with Problem1 because it is financially wise to put data in witness than OP_RETURN.
he doesn't know sats the standard so much needed
I mean Gresham's law is also true
You save undervalued assets and spend overvalued ones.
And it is true. Btc is undervalued and dollar is overvalued.
But we need to push the movement for sure.
Whatever floats your boat man.
You started by saying for a currency we need the smallest base unit that is not further divisible, and the likes of Jack and you want to call it "Bitcoin".
As a counter example, I said L2 further divides the base unit, which I call "sats" into "millisats", so my question is, where you draw the line of redefining the base unit? As I said, Bitcoin is deflationary currency so, in 100 years, what happens when we need micro-sats in L2?
I'll give you my main summary.
My point is the base unit is Bitcoin, and there is 21 million of them. You can divide it to smaller units as you want (L2, L3, maybe even soft fork L1). You can call it sats, bits, micro-sats, micro-bits, etc. Giving your example, your height is 1.90m /190 cm. You can even call it 1,900mm or 1,900,00 um etc. What you cannot do is redefine the units and say your height is 190 m, and that is the crux of the matter.
In regards to using as medium of exchange, it depends on the size of the transaction. For a house price, you'll say it costs 4 bitcoin, not 400,000,000 sats. And for a milk, you'll say its costs 400 sats not 0.00000400 btc. The human mind will adopt to the correct size designation, like we use for length scale (lightyears), mass scale (amu) and time scale measurements (millenia).
At this point, I am done discussing this matter any further, as its clear we have agreed to disagree.
> Half-penny and paisa were in common circulation until inflation wiped it out. cents and dimes will also go away as well given the rate of dollar inflation.
> Try changing the 21Million cap and you will see that no nodes will accept it: no one wants to willingly dilute their worth. That is what I mean by Bitcoin's global truth.
Bitcoin is a deflationary currency. What happens when we need units smaller than one sat? For instance, Lightning uses milli-sats. What happens to the base money then, just keep redefining the base unit? Your reductionist viewpoint doesn't bode well.
I like how how you brought quantum physics into discussion.
In that case, let me bring the analogy of relativity, and compare bitcoin with speed of light, c. Bitcoin's global truth is 21 Million bitcoin. Anything else is arbitrary.
And like I mentioned earlier, you cherry pick parts you like, and ignore what you don't. see below:
> There were half-pennies in circulation in 1800s. Check Lyn Alden's Broken money.
> Rupees have smaller units called paisa. 100 paisa = 1 rupees.
No, you are again using one truth to guide towards false claims.
The SI unit of length is meters, i.e., the base unit. Angstroem is 10^-10 of the base unit.
1 meter = 10,000,000,000 Angstrom doesn't mean base unit is Angstroem.
all these big words, but what's your point?
I clearly gave you a unit ratio comparison with word-pair that you say shouldn't exist in real world: Angstrom to meter. But you completely ignore it.
Within the term rupees, I gave you examples of lakhs (10^5) and crores (10^7).
So just like 10crores = 10,000,000 rupees, 1 bitcoin = 10,000,000 sats.
lol I just gave you the example with Angstroem and Meter. (Ratio of 1:10,000,000,000)
You can call MegaSats, KiloSats, just like there is milliSats in lightning.
And if you are worried by 8 zeroes instead of 9, go study eastern culture where they use Lakhs and Crores with even spaces (2 units).
Stop shoving your naive take.
Drop the Angstroem. Just meter. It's cleaner.
The feature size of the next gen chip goes from 1.4 Angstroem to 1.4 meters. Do you see how stupid that sounds?
The OP_RETURN War: Who Controls Bitcoin w/ nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7ct4w35zumn0wd68yvfwvdhk6tcqyp60l3gucvq4pnmekm9nzmf6zh8nx24jngu0aj0tfp9tz4gad5v9v94ulq2
We discuss:
- The OP_RETURN Debate
- Spam & Filters
- Risks of Miner Centralisation
- Bitcoin Core
Watch it here... https://youtu.be/FZ-nD9hSaeg
after listening to Shinobi and Mechanic, whom do you agree more with? nostr:nprofile1qyxhwumn8ghj7cnjvghxjme0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqyrtl8gkckam5xwfxugu46v2e3yhgg70gwx5qpeqp7prlkz9dzlejkvg2vts
For me one thing was for sure, Shinobi was condescending and calling us stupid. He commented saying who the hell are we to decide what is spam. But who is he to tell me what goes in my node?
why are they going to OP_RETURN when they can get 4x witness discount?
If we were to succumb to miners we would have had Segwit2x.
lol go lie some other gullible people.
lol ignore Todd
That guy is just salty he sold half of his stack 10 years ago
I'm sorry, but your team funds OpenSats and Ten31; you cannot just be an NPC on this.
I've noticed that many core developers have their own Bitcoin products, giving them a vested financial interest in enabling certain features. How do you manage conflicts of interest when making decisions to support developers?
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Peace

I don't see an XMR pack
lmao


