I'm here in Miami - heading to TGFB.com where I'll be on two panels. Today discussing potential issues with bitcoin, tomorrow a higher level chat on the general state of the freedom movement.
I'll be setting up a Start9 booth and we have servers to sell at the most discounted you'll ever find them.
Come say hi!
Bitcoin cash < Bitcoin cache (lightning network).
Bitcoin is way better defended against genius adversaries than it is against idiots.
Idiots will be the death of it.
Economic activity native to bitcoin, not external crap dressed up to look like bitcoin transactions.
It isn't robust though. It's shitcoin spam.
Un-normalize using msats in lightning client logs without commas or any kind of readable formatting.
My thoughts on the current state of the bitcoin network/ecosystem:
I was always under the assumption that the competition for block space would always be among genuine transactions. Now you have people paying $100 for a $1 transaction (that's really some other bullshit).
Maybe some people were expecting this? I certainly wasn't.
The one where we don't fill the chain up with arbitrary data. Where we don't pretend there's no obvious difference between spam and actual transactions.
When we argued for small blocks we cited the need for a fee market.
Approximately 0% of us were referring to the blockchain being filled up with nonsense which is now being celebrated as us getting what we intended.
Bitcoin's in the worst shape I've seen it in a long time.
You'd have to buy a lot of weed for the TX fee to be worth it.
So I select "Close channel" and your silly interface doesn't allow me to manually input the fees - now I have a perma-stuck transaction that I'm going to have to manually re-broadcast when/if fees ever drop down to 4 sats/vb or figure out CPFP again.
What programming language do Mexicans use?
Si++
Francis has been making the point really well over in Twitter land.
We do plenty of filtering out nonsense from bitcoin's blockchain. Arbitrary data storage is obviously spam and should be treated as such wherever possible and it doesn't violate precedent.
Obviously we want a fee market but the fee market should be based on what's native to bitcoin, not nonsense shitcoin fads. That's horrible for incentives.
Brain is fried from feeding prompts into chatGPT all day for shell scripts and typescript code.
I'm glad I put off learning JS so long as GPT is making it possible to learn it really efficiently.
