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jgbtc
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Social Media Viber | Guardian of Blockchain Purity

Rights aren't granted by government. We assert that they're inherent, we are born with them or they're God given or whatever. Government can only restrict rights, and getting people to believe it grants them is the trick used to justify taking them away.

Obviously no-kyc Bitcoin in self custody is the only option, but if you're forced to choose between owning fully KYC compliant custodied Bitcoin or Bitcoin treasury company stock, what do you choose? Is there a difference? I think I'd rather own the stock.

I never said everybody is a shill. Clearly there are core devs who want this change. The ones who have been most vocal about it (e.g. Lopp) are shills, but many core devs just want to work on Bitcoin and are understandably annoyed by the controversy.

If you've watched the various videos by Mechanic and still think no rational case for knots has been made, then you and I somehow came to the opposite conclusion. It's ok to disagree, that's why configuration options exist.

Thank you for not using the typical wishy washy CEO speak that basically every other one uses, where everything they say is ambiguous, neutral, and safe. It's so refreshing.

As I understand it, the main core argument for removing the op_return limit is that miners like mara are benefiting from out of band payments from spammers using services like slipstream. This extra revenue source, separate from normal tx fees, increases mining centralization because spammers will tend to use the service of the largest pool, which then can use that revenue to get even larger. So core argues that removing the limit helps decentralize mining, which would necessarily mean a decrease in revenue for large pools like mara.

So (theoretically) spam filters (i.e. op_return limits) help spammers (less need for out of band fees) and hurt pools (less out of band revenue). If this is true why are mara or other large pools not pushing back on this BIP. I think the reality is that core's concern about pool centralization are not genuine. They (some of them) just want more shitcoining on Bitcoin and both spammers and pools like mara are on board. If this BIP actually hurt pools via decreased out of band revenue then they would be fighting it but they aren't.

I should have said: makes life easier for shitcoiners. Theoretically it makes life harder for miners who will no longer benefit from out-of-band revenue they currently receive. Interesting that there's no push back from mara or other miners on BIP, seems like they aren't concerned about losing out on slipstream revenue. Why is that I wonder ๐Ÿค”

The core dev logic of "miners will do anything for money so let's remove spam filtering" is asinine. Miners have the (short sighted) incentive to turn Bitcoin into another shitcoin. Node runners are a check on this incentive, and core wants to remove this check? Absolutely not. I'm not volunteering to run software at my own expense just because it makes life easier for miners while degrading Bitcoin as money.

The covid vax didn't even protect. It was so bad they couldn't water down the definition enough for it.

Mostly peaceful protest.

I wish I could believe that was possible, but as Mark Twain said "Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself." He said that over 100 years ago. Since then it's only gotten worse. Zero improvement in a century. How many elections during that time? How many clowns elected/appointed to posisions of power? How many decisions, like this NASA one, based on partisan political whims instead of hard science (or hard money).

Separate science and state.

It will continue to be a thing as long as core devs create demand for an alternative client. The tactic of accusing your opponents of some conspiracy (social media campaign built on lies) is lazy and disingenuous. And your smug confidence that you yourself cannot possibly be manipulated, only those who disagree with you can be, is laughable. There's plenty of manipulation going on from both sides, it's called persuasion and you suck at it.

This does nothing for me if the peers reviewing Core decide to make bitcoin a decentralized database for storing shitcoin spam instead of a decentralized monetary protocol. All the peer review in the world means nothing if there are irreconcilable differences in the direction Core wants to take Bitcoin.

Replying to Avatar L0la L33tz

So a lot of people seem to have the hope that Trump will pardon the Samourai Wallet developers.

While waiting for the Storm verdict, I took some time to read through the White House Digital Asset Report to see what this administration thinks of financial privacy, and my guys - if you still believe that the Trump WH is in *any* capacity friendly to these undertakings, you are in for a very rude awakening.

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Effectively, the White House urges FinCEN to deem *all* privacy measures in digital assets a โ€œprimary money laundering concernโ€ under the PATRIOT Act.

This includes:

-> single use addresses, wallets and accounts

-> swapping between networks & chains

-> mixers, obviously

-> โ€œpoolingโ€ or โ€œaggregatingโ€ cryptocurrencies from multiple wallets

Many will now say: oh, but thereโ€™s so much good language in the report as well, like the protection of self-custody.

Thatโ€™s true, but the protection of self-custody is contingent on the *lawful exchange* of assets between users.

Thatโ€™s why the White House additionally urges Congress to *expand the PATRIOT Act* and *amend the BSA to cover โ€œDeFiโ€ services*.

To ensure compliance in โ€œDeFi,โ€ the White House suggests the implementation of digital identities, that would tie all of your transaction history to your name, so that โ€œDeFiโ€ services have the power to approve transactions.

Even when implemented with ZKProofs, as the White House suggests, this would effectively turn a permissionless system into a permissioned one.

I know we live in the age of celebrating all the Bitcoin wins, but sometimes things that glitter are just a massive pile of shit, my dudes.

A lot of people? Who? Literally nobody is more accurate.

To be honest I only know one in this situation. She always has cash, but I admit that's a very small sample size.

Plus they make serious bank from marketing in general by pharmaceutical companies. They are literally bribed to push whatever they're told to push.

I assume any replies to my notes are from myself in another universe.

It's crazy to still see some support from the likes of calle and jb55. There seems to be some level of dev solidarity. But at some point continuing to defend these bad actors will harm credibility.

Nobody has mentioned anything about legal actions or forcing anyone. He's got some delusional fantasy or victim complex going on. Such a dishonest tactic that only serves to ignore legitimate criticism. It's really disgusting.

I think bitcoin has gone too far to accommodate spam. Yes, that's my subjective opinion of what spam is, which is the only definition that matters to me. This is the one lever I can pull to fight that as a node runner. Maybe you think that's naive. I do not care. I'm not giving it up. Even if you're right, and I'm convinced to turn off this option, I insist on having a way to go back, without downgrading, to what I'm doing now. I feel burned by unintended consequences in the past, so I will do whatever I can to avoid the same mistake. Maybe running knots is just a futile gesture, but if that's all I can do then so be it.