I don't understand how this is related to Monero at all.

How can a tor hidden service's IP be anonimized if it can only be connected through 6 hops? Unless they sybil the tor network...

Youre blaming shitty ideas flaming out on people not liking those ideas.

Think about it, that is praxeology.

If the demand is there, the idea is good & will not be just a passing fad.

There is only demand, and the absence of it.

It's a clever idea/claim to make from a rhetorical stand point. Politically it sort of squeezes out the last bit of small block juice.

I don't think there is a precendent for his specific claim, as the up to now the main justification has been that larger blocks will centralize. It's an outright linguistic salvo (goal post shifting) and technical red line that favors the Blockstream mafia.

It's meme worthy, a short pithy idea toxics can rally behind if it gets confirmed by the usual suspects or otherwise amplified.

That’s really dumb. Especially since Bitcoin has increased the block size and will do it again in the future.

Gm, my girlfriend made me fruit cake 🍰

So now let me tell you about last night’s nightmare 🙃

Originally, the Bitcoin maximalist thesis could be described as “one coin to rule them all”. Everything interesting which has market demand was supposed to come home to Bitcoin.

Until a bunch of high priests created a defeatist & contradictory dichotomy that simultaneously says “everything that is not on Bitcoin is a shitcoin” and “you should only use Bitcoin like this, everything else is shitcoinery”.

So they nurtured a culture of stagnation, where anyone trying to create innovative ways to use Bitcoin would get bullied into giving up.

“Bitcoin is for everyone. It’s permissionless!”, they would say. But the moment someone built a non-monetary use case or some layer 2 that has a native token (like Counterparty), they would call him a shitcoiner and tell them to leave.

That’s why some people built other networks outside of the Bitcoin ecosystem, to only suit these non-monetary use cases. They took the load off of Bitcoin, so that it can become focused on payments.

But these guys were vilified to a much greater extent. “They’re shitcoiners, they create monetary inflation with premined tokens that aren’t even sound money”.

But wait, nobody ever claimed this would be sound money, it’s just the native currency that incentivizes participation.

“REEEEE, that’s a shitcoin. It will go to 0!”

Alright, so a bunch of very smart people brought these features to Bitcoin. Now all this economic activity can pay the Bitcoin miners and effectively increase demand for the BTC token.

“Nooooo, you’re a shitcoiner, don’t spray graffiti on the timechain! Bitcoin is only for these types of transactions, not for those! But if anyone asks, it’s still inclusive and permissionless!”

Fine, then why don’t you pay the miners just like the people you call shitcoiners do? Pay for the security of your savings if you care so much about the long-term sustainability of the Bitcoin project.

“I’m only HODLing you shitcoiner, the only on-chain transaction I ever do is to withdraw from Swan to my Coldcard. I don’t want to have another pizza event now, 15 years into Bitcoin’s existence, when the price is $70k and Blackrock is buying our bags!”

Alright, so who’s gonna pay the miners?

“Miners shouldn’t get paid more, it’s a race to the bottom in which only the strongest survive. 3.125 BTC is not enough for you? That’s enough to buy a citadel after hyperbitcoinization. If pussy miners sell, they have no conviction and no skin in the game. Just HODL!”

How about BIP300, though? Every interesting use case becomes a Bitcoin sidechain, so all the innovation gets easily drained and appropriated by BTC.

“I only agree with soft forks that ger proposed by Blockstream or Ocean Mining!”

Hunky dory, did you know that Blockstream CEO Adam Back publicly stated that he likes Drivechains and believes they could have been a much more usef upgrade than Taproot? Also, Luke Dashjr worked on the BIP300 proposal to bring improvements, declared himself neutral on the matter.

“REEEEE, your truth collides with my narrative, blocked!”

That’s when I woke up. What a shitty nightmare!

Someone gave me 1000 sats in ecash from a random mint I don't trust and I wanna see if it's backed by real bitcoin.

First 10 replies get 100 says each!

RebelNet.me is an instance of DegenRocket’s Spasm, a federated multi-key protocol, please see the link for more info

Women are the most confusing living beings on the planet.

#monero folk. What are your thoughts on Devs like Luke Parker openly going on podcasts revealing way too much information that is clearly a huge attack vector for himself and the whole project.

Is it not better to be building quietly for obvious reasons or am I missing something?

Gm, my girlfriend made me carrot cake with banana and nuts. Plus hot chocolate!

Now let me tell you about my latest nightmare:

Governments had already caught up with how Bitcoin works. They knew how to regulate it in ways that fundamentally destroy the value proposition of uncensorable internet money.

Thankfully, Bitcoin devs had a few aces up their sleeve: a bunch of OP codes which enable new use cases, plus some really solid privacy proposals. Enough to keep the governments in the dark for a few more years, until more advanced cryptography gets discovered.

The problem, however, was the culture of the average bitcoiner who surrendered his freedoms for fiat gains. Here’s what a Bitcoin maxi told me:

“Just use Monero if you want freedom, you shitcoiner! Don’t touch my money layer, who knows what will happen?!”, they would say.

Developers would kindly point out to irrefutable facts: OP_CAT already exists on Bitcoin Cash for years, MWEB is already available on Litecoin mainnet. If you think you can do something evil to destroy the value proposition of these networks, why don’t you do it?

“I’m not touching shitcoin tech, keep your impure proposals away from my sacred money!”

Yeah but did you know that SegWit was first tested on Groestlcoin, Litecoin & Viacoin? Charlie Lee even set up a $1 million bounty in a LTC SegWit address to disprove the FUD that anyone can steal your coins if you activate SegWit. Afterwards, everyone understood that SegWit is safe and it got activated on Bitcoin!

Also, Lightning network was first tested on Litecoin’s mainnet. At the time, it was too reckless for ACINQ & Lightning Labs to deploy their software on Bitcoin, so they experimented with Litecoin for a few months. Everything came home to Bitcoin after it was proven safe.

“REEEEEEE shitcoiner, just use testnet”

Yeah, but there are no incentives on a testnet. It’s great for verifying if a piece of code runs correctly, but there’s no bounty for anyone who might want to break the software or steal coins from a buggy implementation. Also, the newbies don’t use the testnet and sometimes their feedback is extremely valuable in improving the features & performance.

“REEEEEEEE shitcoiner, I will tag your podcast sponsors to call them out for supporting such blasphemous opinions. I will also make up stories about you and make sure you get banned from speaking such nonsense on conference stages”

Alright, but if you don’t want any new very well tested and incentivized to be exploited OP codes to get added to Bitcoin, then you can still activate BIP300 and enable the free market to create trust-minimized sidechains which support mining.

“The only soft forks that we should have are the ones which fix the Lightning network, everything else is a shitcoin!”

Yeah but you can’t rely on a single solution for scaling. Competition is healthy and it would be bad if we switched to government-custodians.

“You have the Liquid sidechain if you want more blockchains for scaling!”

Yeah but that one has a single point of failure, and has a security model which relies on geopolitics rather than cryptography or computer science. It’s centralized, and L-BTC is arguably worse than private BTC on a Zcash drivechain.

“I refuse to engage with such a dishonest person. Read the Bitcoin Standard again and make sure you pray to the altars of Swan & Blockstream every morning. They are the only ones who have any answers about anything”

Yeah, but Blockstream’s head of research endorses OP_CAT. Liquid also enabled it.

“REEEEEEEE, BLOCKED!”

I wish there was a way to only allow profiles with a certain amount of verified Bitcoin to send me messages. I would make the requirement of them having at least 1,000,000 million satoshi. I think that's a fair number. If they think that's too high then they can learn to save money and if they do send me messages I should get 1 Satoshi or more. This would solve spamming.

X is full of spamming bots. I'm starting to see bots here too.

#Bitcoin

#Nostr

Aaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhh

Hey, in case you weren't aware, #inflation has risen 7.1% just from January 1st until today. That's annualized 14.2% inflation in the US. No wonder my house priced in #Monero keeps getting cheaper.

#drivechain

What would be a good name for something that has 100% uptime? #asknostr