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Kevin's Bacon
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Natural Law Anarchist 🏴 | Bitcoin Noderunner and Miner 🧡 | Aristotelian | Student of Nature | Highly Sensitive Person | High IQ Retard | Austrian Economist | Autodidact | Polymath | Selfish Prick | Excellent Source of Protein and Triglycerides Intellectual honesty is key. Consent is king. Chaos is self-regulating. Authority of any man over another is necessarily a fiction.

I don't know the presidents' names. I just know the sound they make when they take a man's life.

"Dangerous to our union," to be exact.

The worst form of cyberbullying is those losers on reddit who use sophistry to avoid obvious truths and make you think for them. Never give into that.

Some #Bitcoin #memes in these trying times

#memestr

Coinbase yield eh? Is that dollar denominated? Are they increasing their leverage to stack bitcoin now too?

I'm gonna make my OP_RETURN limits stricter again. This ZK Moldups on Bitcoin shit just doesn't sit well with me.

It makes enough sense to me... what's antithetical to their supposed values is when they say that spam is "illegitimate" as in illegal. Like no, it's all voluntary. I ran into this a year and a half ago or so when spam was extra bad and was very, very confused. I thought people here understood natural law legal theory but apparently not. So I feel ya.

If what you are saying is true, and Bitcoin is truly uncensorable, any attempts to censor it will just fail but might mitigate less appropriate uses by slightly deterring them, after having spent lots of time arguing and freaking out about it. Nothing stops Bitcoin's success.

It's all about voluntary choice. If noderunners understand what they are doing and make their own choices and assent to this version of Bitcoin, then whatever spam gets in their chain is actually legitimate. They consented to it. They also get to voluntarily discourage it from the mempool policy side of things.

I'm pretty sure they don't block coinjoins, but I'd have to verify that. I seem to remember seeing conjoins on my knots node before.

That's heavy man. Someday there will likely be a way to hijack that system to pick up the slack where those neurons die off, or to prevent their decay. Someday. It's possible though that a special frequency could be like a temporary assistance, you'd probably have to look into it more. I don't know jack shit about it so I would not have a clue.

Whoah, that flippening is huge!! That indicates that most people who keep their nodes up to date are choosing Knots!

As if Trump had any sway on us rational people who care about truth.

Oh yeah I was watching a bit of that last night! Gonna continue it today. I like Mechanic's nuanced take on stuff in this, and he makes his statements really clear.

I'm doing a sort of middleground. I'm running Knots and mining with Knots, and I'm running policies that filter out all the spam I can except allowing some OP_RETURN stuff, though requiring a reasonably high price multiplier on datacarrier data. I think that reserving OP_RETURN as a place but making it more difficult than monetary data will help reduce the bloat to noderunners and reduce spam, so long as other spam filters are MORE penalizing to spammers. My mempool is so clean right now!

Replying to Avatar Kevin's Bacon

I find it interesting that Strategy has found a way to legally back dollar debt instruments with Bitcoin instead of with taxes or with fragile earnings expectations and empty balance sheets. And to do so in a way attractive to institutions and individuals and that is liquid and accessible on exchanges. Is this the preview of a future Bitcoin-dollar currency system that's based less on theft and more on a service of issuing stable currency?? Not that I would prefer that over Bitcoin at all, but I wonder how we get people to move over to the new system while ELIMINATING the old system of control, practically. That is, I wonder how it will evolve in reality.

The dollar will be around for a while in some form or another. What if there are tax revolts and secession movements that successfully force state and federal governments to relinquish control on some regions, and dollars become a more decentralized currency backed by contracts for certain amounts of bitcoin or other commodities? Bitcoin would still be the best money, but it's possible that there is a two-currency system that develops as normies still might not get it, various regions with different cultures might prefer different things, and some normies will prefer the perceived stability of a familiar dollar, if it can be saved. Dollar issuance would inflate more predictably if there was an agreed upon standard that was tied to contracts on bitcoin or purchasing power or tied one to one to alternative commodities.

It might be done as a means of saving the dollar from complete catastrophic collapse. All just speculation, idk. I need to learn more about money.

Your bat child is hungry and beautiful! And yes hungry is a compliment.

I find it interesting that Strategy has found a way to legally back dollar debt instruments with Bitcoin instead of with taxes or with fragile earnings expectations and empty balance sheets. And to do so in a way attractive to institutions and individuals and that is liquid and accessible on exchanges. Is this the preview of a future Bitcoin-dollar currency system that's based less on theft and more on a service of issuing stable currency?? Not that I would prefer that over Bitcoin at all, but I wonder how we get people to move over to the new system while ELIMINATING the old system of control, practically. That is, I wonder how it will evolve in reality.

The dollar will be around for a while in some form or another. What if there are tax revolts and secession movements that successfully force state and federal governments to relinquish control on some regions, and dollars become a more decentralized currency backed by contracts for certain amounts of bitcoin or other commodities? Bitcoin would still be the best money, but it's possible that there is a two-currency system that develops as normies still might not get it, various regions with different cultures might prefer different things, and some normies will prefer the perceived stability of a familiar dollar, if it can be saved. Dollar issuance would inflate more predictably if there was an agreed upon standard that was tied to contracts on bitcoin or purchasing power or tied one to one to alternative commodities.

It might be done as a means of saving the dollar from complete catastrophic collapse. All just speculation, idk. I need to learn more about money.

I'm thinking of forking Knots to make a custom variation and play with the code a bit. What would be a good name? Bitcoin Bacon? Bitcoin Bits?

Awesome. I feel it gives you more choice. Disclaimer: I may or may not be wrong about the PR, I haven't looked any further into it yet than just this video. But optionality is very important for Bitcoin consensus and knots seems to be determined to offer better optionality.

I have spam filtering settings on my node but I'm fine with people paying hefty amounts of money to get arbitrary data on there. The free market will provide.

Something about believing they know what's best for the universe and arbitrarily trying to force it instead of pursuing a better understanding of the parts they don't see.

A lot of my philosophy is concordant with Objectivism, but I don't believe in their dogmatic claim that there is no god just because they don't understand what God is and can't measure him. They further define God as outside of all of existence. That's the empiricist's fallacy plus victory by definition. The reasoning for this and perhaps some other claims Objectivists make is a bit solipsistic even, where they assume that the way they interpret the thing is the only way anyone could interpret the thing/the only framework that exists. I've noticed a bit of a tendency for this in them, despite the truth and wisdom of much of Objectivism, especially as Liquidzulu on YouTube conceives of it. They totally understand independent frameworks of understanding, consciously, but I think they often fail to apply that understanding in practice.

#philosophy