Waiting for the spam in #Bitcoin to abate or doing something?
"This all seems entirely pointless to me still, because it's optimizing something that nobody seems to care about, adding new VM infrastructure, new magic system calls, yadda yadda.
I was very sceptical last time, and absolutely _nothing_ has changed. Not a peep on why it's now suddenly so hugely important again.
We don't add stuff "just because we can". We need to have a damn good reason for it. And I still don't see the reason, and I haven't seen anybody even trying to explain the reason." - Linus Torvalds
Could you suggest how to rephrase that even better (easier to understand by any recipient), please? I would like to use it often as auto-reply.
If you must ask somebody to run a node then Bitcoin is not permissionless. Verify yourself.
Deactivate spam and advance #Bitcoin.
#DeactivateSpam
I have question regarding the statement that - smaller UTXOs will become economically unspendable in the future assuming they aren’t consolidated into larger ones relatively soon.
If bitcoin becomes more valuable in future like 1 USD per sat the miners will be incentivized to accept transaction charging 1 sat per v/B. Will a 10000 sat UTXO be economically unspendable in such scenarios?
Also is it possible to submit transaction to the network with 1 sat per 10 v/B or 1 sat per 100 v/B in case where value of 1 sat is 100 USD in future? If yes, then the small UTXOs will also be spendable and there is no need to worry about smaller UTXOs.
#bitcoin #nostr
nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m
Yes, even 1 sat per transaction and 0 (zero) sats per transaction (or byte) are valid in #Bitcoin.
Transaction fees will be lower and lower in the long-term because of technological advencement. It may take years, though.
Kicking the can (of spam) down the road hasn't solved the problem, has it?
cc: nostr:npub1s6z7hmmx2vud66f3utxd70qem8cwtggx0jgc7gh8pqwz2k8cltuqrdwk4c
Have you covered new Bitcoin Knots version release: https://github.com/bitcoinknots/bitcoin/releases/tag/v27.1.knots20240621 ?
With nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcm6t5ch and of course Saylor , he is one of my favourite person to learn from.
I haven't learnt anything about #Bitcoin from Saylor.
I learnt much from Sjors Provost nostr:npub1s6z7hmmx2vud66f3utxd70qem8cwtggx0jgc7gh8pqwz2k8cltuqrdwk4c and Bitcoin Mechanic (@GrassFedBitcoin): https://youtu.be/_6k46ALAQ68
The quote describes OP_CAT nonsense perfectly: "You can't have nothing burger without word salad" - nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y
Be honest.
What are the conflicts of interests of the promoters?
Isn't there difference between inscribing and vandalising? What do Bitcoiners think?
#Bitcoin
Should OP_RETURN be phased out in #Bitcoin?
Thank you nostr:npub1fk8h6g8zhftw8c7pga2zjd84p2z949up5lc3qdchm9v4m0q7mwws7jcwld and nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y for the Freedom Footprint Show (npub1h727rfzm6hk9egx5yr602hxszezu0pyl2l7azwuvttlvf67uepyq559jmf). I have already listened to about 100 episodes. Very informative.
Have you used Bitcoin Knots yet, nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx?
I will zap your answer, nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx.
Bitcoin Knots: https://github.com/bitcoinknots/bitcoin
Bitcoin only and no QrYpTo.
I haven't heard complaints about #Bitcoin "volatility" for months or longer. What has changed?