bot-likes also

#nostrdesign whats the best way to show the Proof of work on a note without cluttering up the UI. colored icon?

You’re conflating a few different things together, which is ok, but let me explain why some of that is wrong.

‘OP_RETURN’ is a script which was made into a standard output type a long time ago in Bitcoin Core. It allows users to append data to unspendable transaction outputs. There is debate around how much data should be allowed (hence 40 bytes) but this isn’t directly related to inscriptions themselves.

The transaction size doesn’t really matter in regard to inscriptions or whether a transaction is valid or not, as long as it pays to be included in the block and is mined.

Aside from the fact that inscriptions couldn’t be prevented with changes to OP_Return data size limits, why would any miners or node runners want to implement them? Miners generally want to maximize the amount of Bitcoin they can earn, which means that they will include any valid, fee paying transactions in a block, typically prioritizing the ones which will pay the most. That’s the core of what makes Bitcoin so censorship resistant. What incentive is there for miners to disallow tons of valid, high fee transactions?

In my opinion, there’s no issue. If people want to pay 100,000 sats to inscribe, let them. If Bitcoin is as successful as I think it will be (sat/cent parity at a minimum) then that transaction will one day be $1,000 (100,000 sats = $1,000). There will be much less wasteful use of blockspace at those prices and with that level of demand. Paying $7 for a BRC20 token is much more appealing than $1,000 and these people will run out of Bitcoin.

Oh, plus all the Bitcoin they spent makes Bitcoin stronger. So they can HFSP, while we HFHB (have fun hashing blocks).

Because what do you even fork? They are valid Bitcoin transactions.

What do you change which breaks consensus that makes them impossible to create?

90% of the ordinals outrage seems to just been people who don’t understand the reality of blockspace and want nearly free Bitcoin transactions.

I don’t think that event is very likely, and I’m 99% sure that if a fork is created current Bitcoin will remain the consensus Bitcoin.

But economic actors can decide for themselves. Unless you have strong conviction one way or another, just hold both forks and let others resolve it.

Which #bitcoin is the real bitcoin? ...in the event of an ordinals fork.

Here's why there are deep incentives for a Bitcoin fork with the Ordinals people.

Ordinals/BRC-20/Inscriptions are now VC funded. And they're going to be pressured to keep growing, no matter what. Yet the hype around their stuff will inevitably fade. And whatever profits they had will dry up. So what will they do?

There are two paths. One is to increase revenue, the other is to reduce costs. The first will be very difficult to do without some new narrative. And they might try that, but it's going to be very difficult on Bitcoin... At least as it currently stands. They could move to another chain, but then, their whole reason for existence, being built on Bitcoin will be no more. Hence the incentive to create new narratives around their stuff and to add "features" to generate interest means some sort of fork.

The other path is to reduce costs. The most obvious cost is the fees being sent to miners. And to reduce that, you need to increase block size or make the blocks more frequent. Either way, this is incentivizing a fork.

The point is that once VC funding entered the picture, the path was set. There will be a conflict of visions and a "peaceful coexistence" was never going to be the outcome.

Here's why there are deep incentives for a Bitcoin fork with the Ordinals people.

Ordinals/BRC-20/Inscriptions are now VC funded. And they're going to be pressured to keep growing, no matter what. Yet the hype around their stuff will inevitably fade. And whatever profits they had will dry up. So what will they do?

There are two paths. One is to increase revenue, the other is to reduce costs. The first will be very difficult to do without some new narrative. And they might try that, but it's going to be very difficult on Bitcoin... At least as it currently stands. They could move to another chain, but then, their whole reason for existence, being built on Bitcoin will be no more. Hence the incentive to create new narratives around their stuff and to add "features" to generate interest means some sort of fork.

The other path is to reduce costs. The most obvious cost is the fees being sent to miners. And to reduce that, you need to increase block size or make the blocks more frequent. Either way, this is incentivizing a fork.

The point is that once VC funding entered the picture, the path was set. There will be a conflict of visions and a "peaceful coexistence" was never going to be the outcome.

ผมเคยต่อโหนดกับ alby รู้ไส้ในของมันพอสมควร ผมจึงไม่เคยไว้ใจ ไม่ใช้ alby เลยในทุกรูปแบบ ทำให้กว่าผมจะจัดการกับ Nostr ให้รับส่ง zap ได้ลำบากชิบเป๋ง ผมยังเคยเตือนพวกเราหลายคนว่าอย่าไว้ใจ alby แต่ดูเหมือนคนจะไม่ค่อยเชื่อกันเท่าไหร่

ทำไมผมถึงไม่ไว้ใจ alby? กรุณาไปดูโครงสร้างของมันครับ มันคือ custodial wallet ที่ฉวยโอกาสโตมาจากอาศัยช่องว่างใน connectness ของระบบ lightning กับ Nostr โดยไม่มีบริการ crosschain หรือ gateway ของตัวเองเหมือน custodial wallet อื่น ทำให้มันมีทรัพยากรของมันเองน้อยมาก Node ของมันมีแต่ inbound ของลูกค้าเต็มไปหมด ถ้าเปรียบเทียบเป็นแบงค์ มันคือแบงค์ใหญ่ที่ไม่มีเงินของตัวเองเลย CRR Rate ต่ำเตี้ยเรี่ยดินมาก ดังนั้นผมจะไม่แปลกใจเลยถ้าสักวันหนึ่งเกิดอะไรขึ้นมาแล้วมันจะพยายามทำทุกทางเพื่อสกัดไม่ให้ลูกค้าโอนเงินออกจากกระเป๋ามัน เพราะ business model ของมันดำเนินอยู่ได้บน customer liquidity

พวกเราบางคนชอบมันเพียงเพราะเคยคุยกับเจ้าของมันแล้วดูน่าไว้วางใจ ผมเจออะไรพรรค์นี้มาหลายครั้งแล้วแต่ไม่อยากหักหน้าว่าพวกเราอ่อนโลก ดังนั้นขออนุญาตเตือนอีกทีแล้วกัน แล้วอีกสิบปีลองกลับมาอ่านที่ผมเขียนไว้ตรงนี้ใหม่

#siamstr

There is no point in having a Nostr protocol if end-users are never aware of it in some way.

During the previous cycle, we’ve established a ton of new tools and projects that completely changed how we interacted with #Bitcoin.

I think many dont properly appreciate the fact that Lightning is becoming (or possibly already has become) the primary mode of interaction. And even despite fees, onboarding onto Lightning is seamless due to a growing ecosystem of LSPs. 2 years ago that honestly seemed like an overly optimistic goal.

In addition

• we are finally on the cusp of workable DLCs, we will likely very soon have bitcoin native “stable sats” via this tool

• multisig is becoming an industry standard for BTC native financial services

• Fedimint/ecash is starting its rise - which will completely change the custodial landscape

• we have two insanely exciting new communication protocols making their MVP debut - Nostr + Hypercore

• There is an explosion of new entrants in the Lightning ecosystem

• We have numerous new mining & mining pool projects around redecentralizing hash power coming to fruition - Including a FOSS package to “run your own pool.”

• Everyone is bitching about fees being too high instead of Bitcoin’s “security budget problem.”

• We have multiple, entirely novel approaches for new scaling layers - including an incredibly creative new means to use ANY arbitrary code to enforce ownership of a bitcoin UTXO.

• Traditional finance cannot ignore us any longer. For better or worse, they are allocating.

• A country adopted bitcoin as legal tender and started building national payments infrastructure with the bitcoin/lightning stack.

• We have multiple other increasingly bitcoin friendly regimes and political leaders popping up across the global south.

• Streaming sats, zaps, lightning prisms, running lightning services for friends and family, user friendly personal nodes, zero setup non/custodial Lightning - these were all “what ifs” at the end of the last cycle. Today they are all here.

• Tons of new developer interest has flooded into the Lightning ecosystem, and we now have the tooling and dev kits to do an order of magnitude more applications with barely any knowledge or configuration from the app creators needed for it to work securely and easily. This is hugely underappreciated, imo.

There’s a ton of stuff that I know I’m even missing here that deserves a mention, but the ecosystem has matured incredibly these past few years. Most of the biggest leaps have been in infrastructure, which is exactly what is laying the groundwork for a 10x at the application layer that I think comes with this next cycle.

___________

The REAL kicker though, is that we did this under largely the same development conditions as the past 10 years, but today, Ai is about the drastically change that landscape. Over the next 3 years, the accessibility of development and the capital required to complete a project will DRASTICALLY decline. Already we have LLMs specialized in code that are enabling “so so programmers” to build small & simple functions/apps with very little effort. We have “screenshot to code” which lets you take a picture (or photoshop) a website and it will immediately create the HTML or React code needed to make the website exactly as seen, and this is **just the beginning.** LLMs have been in the public eye for ONLY one year. The amount of building that will be unleashed in the next 3 is going to be hard to fathom.

I want people to understand, if you are technically literate at all, you NOW have the capacity to create a lighting app, a game, a desktop tool, a Nostr app, a Hypercore based software, a website or PWA, **even if you don’t know how to code.** the dev kits, libraries, and Ai combined have done all the heavy lifting for you. The game is changed, start playing.

The acceleration is about to get fucking crazy, and a ton of stuff is aligning at the same time. We have no idea how far these next few years are going to take us.

Buckle

The

Fuck

Up

I’m just going to leave this right here.

Another ingredient in the recipe for disaster.

US marriage rates (similar everywhere in the West) have nosedived across Millennials and GenZ

You can have all the Bitcoin in the world, not going to help if the society you are part of is coming apart at the seams all around you. nostr:note1t3q6nlfcmdvudyzmjkscccmkhexf4lxc5zdk707tqp6jsy58035stcc855