Price models are all bogus. Just buy and wait.

Happy New Year!

Run Knots and rug the spammers in 2026.

I am confused how UTXO set makes no difference? I keep a March 2023 prune=550 snapshot on a usb for bootstrapping my node in case of data corruption or for node migration. I have a recent snapshot that is double the size. At this rate, how is this not a concern? Since Satoshi included pruning in the white paper, and is the inevitable destination for all nodes eventually, why should they be forced to carry this data forever? How is this not damaging to bitcoin's decentralization?

Could be. The freedom may be on paper, but real freedom comes from within assuming you can earn fairly and save fairly. Bitcoin avoids capital controls (for the most part).

Successful people do not retire or leave the States for inferior and less free places. American wealth has always been built by those courageous enough to accept the reality that you keep progressing and stacking and don't abandon ship as soon as things appear good. Never sell out, only perpetually buy in.

You have to live somewhere and at least in the fiat first world, you have options and can buy Bitcoin. In the 3rd world there is no wealth or income for you to store.

You can tell the audience because he starts at 18 and mentions traveling the world. As you get older you know how unimportant travel (especially the the corrupt 3rd world) is and how it detracts from more important life goals.

Thank you for your content and sending this important message. Merry Christmas to you and your family!

For those who are tech savvy and/or believe in exclusively using open source everything (especially for bitcoin): https://armantheparman.medium.com/how-to-set-up-a-raspberry-pi-zero-air-gapped-running-latest-version-of-electrum-desktop-wallet-85e59ecaddc0

I am confused with the problem. Satoshi advocated for changing the encryption should the need arise. Satoshi advocated for pruning nodes in the white paper. Satoshi advocated for self sovereignty by having every holder (and probably miner) be a node. You will have to be alive to be a node. If an upgrade burns a dead man's coins it is not confiscation. If they are alive, but fall asleep at the wheel then they deserve to be locked out. What am I missing?

It will be much more productive if individual nodes can opt-into UTXO freezing and deleting rather than a consensus change that needs approval. As a node runner, which all NPC Bitcoiners need to become, I want the freedom to modify my node as I and people like me see fit. I do not want an artificially large chainstate with 40% dust outputs clogging up my RAM and sitting idle on my disk. As far as my UTXOs, I have them saved and can send them whenever I see fit. I don't have any dust and I certainly don't have any spam. The CAT as a soft fork is likely to get FUDed out of existence and I would prefer a more self sovereign solution to the spam problem should this fall flat.

If "The Cat" can delete the spam UTXOs then this is a game changer. Why would any node continue to store garbage forever on their computers if they don't have to? Freezing and deleting the spam dust is perfectly compatible with freedom of bitcoin. It isn't censorship and it isn't confiscation. It is choosing to no longer volunteer to have your resources exploited by shipcoiners and shit coiners. It is the obvious solution to this growing problem.

This may be up my alley because:

1. I run Knots.

2. I combine UTXOs to reduce chainstate bloat.

3. If I can delete small spammy UTXOs from my node, then I do not have to permanently store garbage.

4. My individual sovereignty is in tact while supporting the Bitcoin network that I want and the people like me want.

Time to Make Bitcoin Fun Again.

Although I happy to fight against spammers at all cost, this proposal sounds like a bad idea. UTXO bloat is THE number 1 issue surrounding spam precisely because small amounts of bitcoin are burned into the chain never to be spent again. All sorts of gobledeygook shows up in the witness data and the intention is for garbage data to be baked in there bloating the set.

This proposal forces it to stay burned which is the opposite direction we need to go. We need those UTXOs combined and making the set lighter.

I understand the argument is to punish spammers such that they stop and the net effect will be a reduction in overall spam, but this proposal guarantees that those UTXOs will never be combined.

He's ugly too.

I think some clarity is in order. Monetary transactions are the exchange of value between two parties. Gambling is not a monetary transaction which is why casinos give you chips. The value exchange is when cash is converted into playtime represented with chips, dice, cards, etc. Placing $50 on red echanges no value but converting dollars to casino shitcoin allows you the value of entertainment for a set period of time at a set place.

Thank you Matthew for another great video. I too, was offended by his smug comments. He is objectively wrong on a lot of things and his insults expose his lack of critical thinking and that he blindly follows false idols. I don't care for his technical "expertise". He is a poser and a fraud. Multi sig is not too difficult for Bitcoiners. He may "want op_return" but there is no guarantee that shipcoiners will go that route because he wills it to be that way. I like pruned nodes, but if that is one's argument for large op_return then they are no Bitcoiner. Posers, no matter how long in the space, have no place here.

Andreas is an apologist for Bitcoin Core and the miners and corporate backers they serve. He is as elegant on this issue as he is about multi-sig, which he claims is "too difficult" for most people. Never mistake confidence of opinion for objective correctness of opinion.

Real vs Fake. Great angle. The problem is people have abandoned the quest for reality and are in search of a good fantasy - paraphrasing Robert J. Ringer (libertarian)

Knots does not compete with Core, it competes with Core v. 30. Anything not v30 can be assumed skepticism of the recent large OP_RETURN change. I am confident that 1 year is enough time to onboard the conservative monetarists needed to enact change at the consensus level. Great video as always.