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Bitcoin Monk
5b91aec881ee0cd53cb0e5e4e117543b536a9e51f70bb590573fc96ef4da32df
God bless bitcoin.

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.

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.

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.

If this doesn't make you want to run as far as you possibly can away from core were doomed.

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?

"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.