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Fat_₿ank$t€r
676e827c056230b30887c76b6971180a3ad033a182814b43ec5aa43ee3bc60e1
Fat Bankster, President of the Fiat Fuckery Shitshow. "Bitcoin: non-entropic storage for time and energy!" Separate money and state! Fix the money, fix the world! Bitcoin, just do the math!

Ok thx.

I removed everything from Obtanium and reinstalled the github repo.

Apk installed without complaining now. 👍

It's always about incentives. Node runners are still free to determine what's get filtered. Miners are free to determine which transaction they mine.

If enough node runners are fed up with a bloated mempool on their node, they should take action and this in turn will incentivize miners to consider the risk of slower block propagation.

Lynn's point does raise a valid about the cost of transactions that need to disincentivize jpeg's over valid tx's.

In times with low tx volumes, jpeg bloat provides extra income stream for miners. While in times of high tx volumes, jpeg bloaters will think twice if the cost of their monkey pics are worth it.

I finally did it!

Just out of pure hate.. 🤣 (joking aside, respect to you sir!)

I had the private option enabled in Amethyst with NWC. Setting it public did let me zap you again! ✌️

This is what Amethyst throws at me:

I had some problems too with forwarding my nostrplebs address to alby. I dtched alby and now it's fine.

Replying to Avatar Jameson Lopp

Greg Maxwell's take:

There isn't anything unusual or bad going on *with* Bitcoin Core.

In my opinion there does appear to be a dishonest and inauthentic social media campaign *against* Bitcon Core. There have been a dozen threads on reddit on the matter, which is pretty sad because it's mostly a nothing burger... I've wasted tens of hours writing responses only to find that generally the opponents just vanish.

Back in 2014 the average block size was only around 160 kilobytes, as a result there was no real pressure to drive up transaction fees and it was extremely cheap to stuff whatever garbage data you wanted in Bitcoin's chain. Some people were storing data by paying to fake addresses which were really just data instead of an address. This is maximally bad because it bloats up the UTXO database with unprunable data, directly increasing the minimum cost to run a node.

To address this core devs introduced a 'data carrier' output type also called an OP_RETURN. This is a kind of output which provably can't be spent so it doesn't have to go into the utxo database and can be pruned. Additionally, they limited the size of the data to 40 bytes in order to encourage applications which can just store a hash instead of the data to do that. Later this limit was increased to 80 bytes.

The world has changed a lot since 2014: Fees are now not just meaningful but significant, no one is dumping data in Bitcoin because it's *cheap*. People dumping data in have almost entirely moved to dumping data in the witness portion of transactions. Major miners no longer enforce this limit, because it turns out they like money (and have denied requests to limit themselves), and if you are willing to directly connect to one its easy to get them mined. There are some users who are still creating 'fake outputs' but have said they would change to opreturn if not for the limit (particularly some payment channel thing). Finally, use of hashes for commitments is now well understood and there are over 2 commitments per second flowing into open-timestamps which can aggregate an unlimited number of commitments into a single transaction.

The limit also causes some harm to all users of Bitcoin, particularly since multiple significant miners ignore it. When you don't already know a transaction (because it never reached you or you discarded it) it takes *much* longer to relay a block to you (at least 3x the delay if you knew everything but potentially much more depending on how much data you are missing), this harms small miners at the expense of big miners increasing a centralization pressure on mining (because when miners aren't on the same chaintip, one one bigger miners are on will tend to win). It also contributes to mining centralization by encouraging direct transaction submission since no one will bother submitting to a 1% miner, allowing the bigger miners to make more money. An inaccurate mempool also harms users ability to accurately estimate what transactions are pending for the next block so that they can optimally bid against them.

So it was proposed that the limit be removed. There are two proposals, one that just removes the limit completely, which is the first and simpler proposal. Then there is another proposal which makes the default unlimited but retains the ability to adjust it. At this time neither of the proposals have been merged, descriptions of this as having been done are just untruthful.

Arguments against it don't seem to hold up.

The first category of opposition is basically just accusing Bitcoin Core devs of being in favor of shitcoins or monkey jpegs, having talked to many I am confident that few or even none of them like that stuff (no one I've talked to was in favor of it). But no matter how much they don't like that stuff, that doesn't change that this proposal should have no significant effect on it-- it's unrelated. That stuff doesn't use opreturn today and would cost more in transaction fees if it did.

The next category of opposition is just general opposition to 'spam'-- again this proposal is largely unrelated because spammers won't use this, and to whatever extent they do it'll be good news (either moving from utxo bloating fake outputs or increasing their costs). It's an incidious argument because most contributors to Bitcoin core believe there isn't much meaningfully more that can be done about spam: Miners have bypassed the filters that were there, fees have excluded all price sensitive spam. Bitcoin was designed to be censorship resistant and depends on censorship resistance to work-- and a fact of free speech is that it means it allows both speech you like and speech you oppose. Arguments are made that blocking this traffic isn't morally equivalent to censorship. Perhaps! but it's still substantially *technically* equivalent. But, again, this is all a distraction in that the proposed change shouldn't meaningfully facilitate any new spam.

Ultimately the subject is deep in the minutia. It won't make a difference to your usage of Bitcoin. The only really concerning thing I see in the subject is the degree that people have successfully weaponized misinformation to direct a lot of entirely undeserved abuse at contributors to Bitcoin Core. ... who had only just started discussing a proposal when they were waylaid by a flood of disproportionate comments and falsehoods.

https://www.reddit.com/r/Bitcoin/s/elIDdPaQhL

If it isn't adjustable, it's mandated when using core.

Default to unlimited is okay. Leaving out ghe options to adjust the Default is not Okay.

I agree.

But I also think adaption is lagging simply because of the nature of Bitcoin.

When talking with normies about Bitcoin you're always hearing the same platitudes from mainstream media. They know all about it, but have never touched or seen Bitcoin from close-up, let alone experiencing bad UX.

It's a reputational issue brought upon by media and politics. And it's also a frictional issue brought upon by the technical nature of Bitcoin that's above the 3 sigma level for normies.

I see further Bitcoin adaption in the west only happening when the legacy system breaks down. That's not a very optimistic thought, but if you look at the rest of the world where live is though, Bitcoin flourishes compared to the fiat infulged western normies.

It's a great article and also an epic rant. Which I really appreciate.

I zapped your Read frictionless with minibits, amethyst and nwc. These all took me 3*21sec. So achieving normie level isn't so far off only if we'd provide a little extra effort.

His college and the media in his home country Belgium made him a oaria by calling him an antivaxxer and conspiracy nut. His college (UGent) even banned his own book Totalitarianism to he used in classrooms.

https://www.hln.be/binnenland/mijn-boek-wordt-verboden-omstreden-prof-ugent-mag-niet-langer-alleen-zijn-eigen-vak-geven~a1427d76/

Translation of the artikel in the screenshot:

“My book is banned.” Controversial UGent professor no longer allowed to teach his own course alone

Psychology professor Mattias Desmet (UGent) is no longer allowed to teach his course ‘Culture and Social Criticism’ alone. Earlier, students testified at HLN.be how he “flirted with comparisons between the corona measures and the Holocaust” in his lessons. His book ‘Psychology of Totalitarianism’ is also being scrapped, because UGent judges that it does not meet scientific standards - with statements that it was not the virus, but a process of “collective hypnosis” that was the problem during the pandemic.

Yes, gone with the unproven suggestion of alarmists that the Medieval Warm Period was 'regional'.

Vikings grew frikkin barley in Greenland.. but somehow we are living through a unprecedented catastrophic climate anomaly caused by 100 ppm of plant food.

EU = modern day version of USSR.

EUSSR is becoming a living hellhole as we speak.

It fulfilles nearly every point of Marx his Manifesto

End The FUD

The best articles debunking Bitcoin FUD

https://endthefud.org/

COPERNICUS’ LOST SECRET: THE QUANTITY THEORY OF MONEY

The 16th-century genius didn’t just recognize that the earth revolves around the sun. He also saw that debased fiat currency couldn’t last.

https://bitcoinmagazine.com/culture/copernicus-recognized-the-value-of-bitcoins-fixed-supply

Everybody and everything deserves to live freely. Thank you for this kind gesture! 🙏

How cute, please let it roam free again! 🙂

Great, must feel liberating. I wish I could say that one day.

The difference between Belgium and Sweden/Denmark is that the return to the population in benefits is much bigger in the Scandinavian countries.

For example, maternity leave is only 3 months in Belgium compared to a year or more in Sweden. Roads and infrastructure like public transport in Belgium are not well maintained and costly for average users. Belgium got good health care but working class people still need to provide extra insurance to have full coverage. Also housing and the energy bill is unaffordable. All the money is wasted on too many governments and their bureaucracy.

I'm pretty sure Belgium has the highest taxation, is the most wasteful, has multiple crony governments and a huge deficit.

We win.. 😅

97% Owned: How is Money Created

When money drives almost all activity on the planet, it’s essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down?

https://youtu.be/XcGh1Dex4Yo