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028559d218
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The Hope for a more Equatable World

Bitcoin is not a 'currency' stricly speaking but Digital Property & Collateral

https://stacker.news/items/1337705

No it's impossible. Once it's 'in the wild' it's done. In addition... it's purely a small configuration change in the node software. It could be changed to above 83 before Core30, or below 83 after Core30.

If core 'reversed' the default op_return size... what happens to the current Core30 nodes? Do they 'change back?' What if some users don't want to?

Ultimately this isn't about mempool filters or policy really, it's about economic incentives. If users don't like certain transactions on the chain, they should pay more in fees to get their *own* transactions mined instead.

There's something Rotten in Denmark... and it's Bitcoin Users Lack of GUTS

https://stacker.news/items/1254712/r/028559d218

I'm not sure what you mean.

Sub 1 sat/vbyte transactions are getting through en-mass although they are almost universally filtered/non-relayed by all nodes. Yet they are getting through to miners consistently.

Replying to Avatar Cyph3rp9nk

The trees obscure the forest

A summary:

Ways to insert data:

1) OP_RETURN outputs (“nulldata”)

You put the bytes in a non-spendable output (scriptPubKey starting with OP_RETURN).

Advantages: does not widen the UTXO set; easy to detect/filter; highly visible in explorers.

2) In the witness (SegWit/Taproot) — e.g., inscriptions

The content is serialized within an unexecuted conditional (“envelope” OP_FALSE OP_IF ... OP_ENDIF).

Advantages: witness bytes “weigh 1 WU/byte” (≈¼ of a vbyte), so it is much cheaper per byte than non-witness/OP_RETURN.

Disadvantages: pruned nodes may discard old witnesses (you don't rebuild them locally).

3) Data in spendable scriptPubKey (“fake” multisig, etc.)

Like the famous case in the whitepaper (2013): bytes distributed across 947 outputs within the scriptPubKey.

Problem: if those outputs remain unspent, the bytes live in the UTXO set ⇒ unspendable until they are spent. This is the least recommended approach today.

4) Coinbase (miner's transaction input script)

Miners can put text/tags in the coinbase scriptSig (in addition to the mandatory height per BIP34).

Useful for messages or pool identifiers; not a general approach for large files.

5) Commitments via Taproot key tweak

You don't store the blob, you cryptographically commit to it (e.g., to its hash) by “putting” it in the Taproot key tweak.

Advantages: cheap and clean (no bulky data on-chain), revealable whenever you want.

Use: protocols/assets on Bitcoin (Taproot Assets, etc.).

Now come the uncomfortable questions.

Do you think spammers will use op_return if it is four times more expensive than witness? Do you think spammers will act in good faith as Core assumes? Since when do spammers act in good faith?

And here's the key: Core has given up on fighting spam, it doesn't run filters on Witness, so why run any kind of limit on op_return?

OP_RETURN is a general policy change. OP_RETURN is just one more thing, in the same way that Knots comes with permitbaremultisig disabled and Core has it enabled.

Currently, Knots filters more than 98% of transactions, while Core no longer filters anything.

Neither violates the consensus rules; they simply have different policies.

So the final decision rests in the hands of the users, knowing that the filters do work, although their effectiveness depends on the percentage of nodes that run them. The more nodes, the more effective they are, but even with 20% of nodes running the filters, as is currently the case, a percentage of spam transactions are not mined.

That said, not running filters and removing the op_return limit opens up new attack vectors.

Perhaps the biggest problem is the campaign of lies that the entire core environment has orchestrated, and obviously one has to wonder who benefits from this.

Did the filters do any harm? Of course, now they will come up with the excuse of compact blocks and mempool homogenization.

"The more nodes, the more effective they are, but even with 20% of nodes running the filters, as is currently the case, a percentage of spam transactions are not mined."

This is not true.

From what I understand he is correct. In the context of the above conversation... I don't see how he is wrong.

Which Fork will you Sell and/or Keep? Bitcoin Knots vs Bitcoin Core

https://stacker.news/items/1246449/r/028559d218

Gold is a Physical, Energy Management/Distribution System. Bitcoin is Digital

https://stacker.news/items/1241083/r/028559d218

The war for Freedom, for Better Money, for separation of Money and State... due to Apathy, Laziness, Greed, and a strong government clamp down on Privacy and Sovereignty...

Is being Lost.

Sometimes the Good Guys lose the war and we are losing.

https://stacker.news/items/1089260/r/028559d218

Maybe Core is Captured? What is the difference between 'data' and 1s & 0s?

https://stacker.news/items/1079571/r/028559d218

Maybe so but that's not about Bitcoin. They don't have new blockchains. They have new 'servers' that they pretend are decentralized or something

There are an infinite number of 'new coins'. They can be created and are created by the *millions* every single day in "crypto".

In my opinion the best filter in the long run that's ethically economically and technically sound for Bitcoin is the fee market... and a community that passionately *uses* Bitcoin to keep that market competitive.

The 'new coins' can be created in an infinite number of ways... and the 'shitcoiners' will run out of money eventually when people stop buying them. People don't have infinite money and over time they give up and move on.

Influencers out in Storm: Is *This* the Hill to Die On?

https://stacker.news/items/1003612/r/028559d218

I don't believe that filtering op_return is possible. It has been around 10 years... and any op_return of any size is enough space for degens to 'create' meme coins. A "rune" is just an op_return with a name... "indicating" arbitrarily that an output or outputs are 'memecoins'. It's really silly.

Couldn't other data schemes effectively do the same thing? The vast majority of inscriptions aren't even jpegs... they're 'tokens' or indicators for tokens which op_return can already do.

Whatever actually "is" an ordinal? An ordinal is not a thing.

An 'ordinal' is just an arbitrary made-up numbering system for 'numbering' Satoshis.

And an "inscription" is just a made-up blob of arbitrary data that can be artificially "sold" (but not really) by pretending that ordinals exist.

I "give" you the "numbered sat" and we "pretend" that you "own" that blob without necessarily owning any more *actual* Bitcoin.

That's all that 'ordinals' are. It's like numbering clouds.

So if the Knots clients with additional filters doesn't 'fix the spam'... the only course of action at that point is a consensus change. Which could result in a hard fork.

If the filters don't work well enough... then a consensus change is warranted. Right?

So when a base-chain transaction is 10$... (with 99% monetary usage) will it be 'too high' or 'too low' at that point?

And *no* the fees will not be high because the 'reward is low'. The fees will be high due to block space demand because the entire world wants to transact on chain.

THAT is the future of Bitcoin and any other explanation/rationale imo about the future misses the entire point.

A quick question - who is still buying this crap?

https://stacker.news/items/957834/r/028559d218

Missing the Forest for the Trees: A 'Medium of Exchange' Dumb Post

https://stacker.news/items/940640/r/028559d218