People in the future will marvel that in the early years of bitcoin that we allowed 5 people to just decide what bitcoin is. And half of them didn't know the difference between a man and a woman.
People will look back on this time as one of the most morally depraved, inhumane and dangerous times in history.
They will look back on us like we lived in the dark ages.
We are cavemen who discovered lightning.
Meaning, besides the incredible advancements in technology, we are so early in the evolution of human governance and morality that what we tolerate today will become unheard of in the future.
I believe technology can actually play a huge role in this.
Either we adopt a sound money or governments will inflate away all the productivity and prosperity that would be achieved through AI and robotics.
Either we treat each other decently and leave each other alone or there will be endless wars.
Either we shrink governments or they will inevitably lead to tyrant after tyrant.
As the world goes so does bitcoin, or maybe vice versa.
Just maybe.
The solution is simple. Opt out. Buy what you need from friends and family with bitcoin and accept it as payment for your products/services.
Save your data on your own computer.
Shop locally.
Go to church.
Get married and start a family.
And have fun.
I think we would be ok if we all just did that and didn't worry about much else.
It was youtube. Saw the link for it on x.
On this day 17 years ago, the Bitcoin network went live.
WATCH: Inside the very first Bitcoin block, mined on January 3, 2009, broken down bit by bit.
https://video.nostr.build/615e7b399cc8b133364c89b19276d7ad066a10ee715cdfd3f8f8533907ed3098.mp4
Beautiful.
Thanks to nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgew2ua for the constant reminder to try to see the world in a new light and to nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqdg6es53r3hys9tk3n7aldgz4lx4ly8qu4zg468zwyl6smuhjjrvsm58xhx for putting out an excellent podcast with him. What a great way to start the year and I wish you both a fantastic 2026.
This podcast is what inspired my new years resolution to move to a bitcoin standard. Wish me luck.
I'll see you in the future.
-monk
You are correct sir,
How about 1 satoshi? I understand the math but what do you think you could buy with one sat?
“Which way does a tree fall?
A tree falls the way it leans.”
- The Lorax
How much is one is one bitcoin worth if you couldn’t denominate it in fiat currency.
Anyone who claims fees are the only filter that works please tell me how this is wrong.
"Why not let the fee market manage data storage?
The fee market is designed to prioritize transactions based on economic urgency.
However, the market for data storage on the blockchain is a completely different market from the market for payments, with completely different incentives.
Specifically, the fee for a monetary transaction incentivizes a miner to include the transaction in a block, representing a one-time transfer of monetary value, i.e., a payment. The miner thus provides the one-time service of securing a payment, for a one-time fee.
Once the payment is secured, the payor does not receive any additional benefit from the Bitcoin network, besides the integrity of Bitcoin's transaction history (a service to which all node operators are happy to contribute, because Bitcoin would not function as money otherwise).
Conversely, the fee for a data storage transaction still goes only to the miner who includes the data in a block, but the burden of storing the data falls on all node operators, who never received even a part of the fee, yet are forced to continue downloading, storing, and serving the data forever.
In this case, the miner accepts a one-time fee, and in exchange, the priceless service of highly-available, uncensorable data storage is provided in perpetuity for free by node operators.
The problem becomes even worse when the data is objectionable to node operators, as this represents an even larger, unexpected cost for them."
This is an excerpt from the Reduced Data Temporary Soft Fork.
You are right about one thing. Bitcoin is what we make it.
What you are missing is that this is not only a technical discussion. Filling up nodes with garbage creates a disincentive to run a node.
What incentive do I have to relay and mine transactions full of garbage.
We signed up for money not jpegs. And defending my private property is not censorship, deal with it.
"If you have this disconnect between core devs that value one thing and the users that value something else. I mean something's gotta give at some point, right?
Either you get developers more inline with the users, or a lot of the users kinda end up leaving.
This is not a trivial concern. It's a big attack surface. We've seen it in these communities where a lot of this political stuff enters and then the next thing you know it gets completely, sort of subsumed by this movement..."
Chat #148 - 'It Doesn't Pass the Smell Test' with Jimmy Song nostr:nprofile1qythwumn8ghj7cnfw33k76twv4ezuum0vd5kzmp0qy88wumn8ghj7mn0wvhxcmmv9uqzq7el0qph2p6x7325zw3zr7qfvhhvk600xz8jatga4zwv9jy396tgl0dzev
That was an excellent interview. Thanks for doing what you do and trying to keep your cool.
I don’t care what happens to your filthy transactions. If your transactions have a problem being censored than make better transactions. I will never have this problem because I am not imposing a bunch of garbage on my peers. I respect their private property and will use as little of their resources as humanly possible. If you don’t also do that it’s your problem, not mine.
Did you read mine? I never said that i can make anyone do anything. But people claim knots is censorship all the time which is obviously not true.
No one has made a single good case supporting that claim, including you.
This big beautiful consolidation transaction has been in my mempool for the last six blocks and was actually rejected by Foundry USA 3 times, viaBTC, and Binance in favor of a bunch of garbage spam. This is where core 30 is taking us. Core nodes now favor bloating the utxo set over shrinking it.
My knotty node has been trying to mine this transaction the entire time but it was displaced by spam that core 30 is optimized for. Why is core software rejecting valid transactions that are actually beneficial to the blockchain in favor of flooding the blockchain with bullshit dust transactions.
This transaction was eventually mined by F2Pool and turned 1000 utxos into 1. Why are we optimizing bitcoin to be free data storage service for miscreants instead of prioritizing transactions that clean up that junk. I'm sure this is just some scammer preparing another mint of dick butts on the chain but it still begs the question. Why is it easier to spam the chain than clean it up. Seems like the incentives are perverse.
No. Setting my own mempool policy is not censorship at all.
Don't know about you, but I have the freedom of speech. I'm allowed to say whatever I want. Censorship is preventing people from speaking.
Isn't it more like tyranny when the dominant implementation makes changes that will force you to do something against your will. In fact this is the type of thing bitcoiners should be fighting against. A single organization dictating what my mempool should look like.
Absolutely insane.
Find a woman that will do this for you on a regular basis and you will be happy.
Oh and have as many babies ass humanly possible.
What do you use.
Hey, I just learned primal is more centralized. What is a good client, besides damus? I had a run in on twitter with the damus guy and found out he supports core so I refuse to support his work. Is that childish? Maybe. Don't care though.
What client do you like?
Is that Thomas Sowell or did you come up with that yourself?
"The rich rule over the poor, and the borrower is slave to the lender."
- Proverbs 22:7
Don't be a slave by going into debt to buy bitcoin.
Be a sovriegn individual that depends on nobody!
Stay humble and stack sats.
P.S.
Is it cheating to post the same things you post on xitter?
I don't think so.