slow down.

slow down. nostr:note1l6fjdek30tvj2wslekkv4vtdrfuf9zeceamcck4g8ptpjh4jzansn5fm3n

just updated to

"clientversion": "v29.2.knots20251010"

"useragent": "/Satoshi:29.2.0/Knots:20251010/"

YES

pbm = spm 👀

Come to Warsaw to foster growth of Bitcoin culture through means of film.

🧡 🇵🇱 nostr:note1rr4nqhvxkwztwdu6tret4q3zn35f5437306sylc8v58ldfekdf4s80f75f

btcd and libbitcoin – are effectively unavailable to non-developers. Bring it to Umbrel or Start9, and the number of nodes will increase. Or at least provide executable files for the major operating systems for download, that would also help.

Adam Back @adam3us

09-05-2025

Bitcoin is owned by humanity, the protocol developers are stewards, and need consensus from users to change it materially. bitcoin is about money, spam has no place in the timechain. what defaults the bitcoin core project puts in the reference client matter in this.

in may there were 88mil JPEGs in the chain, now 4 months later, there are 105mil JPEGS, a 20% increase. in may 7000btc fees had been paid, at $100k btc that's $700m or an average of $8 per JPEG. they are primarily in taproot inscriptions. (@BitMEXResearch data)

protocol rules are enforced by economic nodes, miners are just service providers; miners cannot change protocol rules. (everyone learned that counter-intuitive fact during the block-size wars). proof of work, hashrate and bitcoin price come from the real world. there are signals

the block-size war was won by the market, users set the price in the market. (the protocol can measure consensus valid hashrate which reacts to price. users said NO via the economic force of the market. miners followed, as they are just service providers)

to prevail, we have to make economic sense (or we work against our own objectives), and laser focus on outcome: where is the spam coming from? the JPEG industry JPEG sellers & buyers, VCs funding it and miners collecting $250m/year (very rough estimate) from the fees.

that's about 1.5% of the fee market. note fees are not simple: blocks are not always full, the spam displaced other transaction fees, lets pick a crude estimate 1% of excess fees from spam vs transactions. if fees are persistently higher miners invest in buying more ASICs, and

push the hashrate and input costs up, so the incremental net revenue would be less say 0.5%. if a given miner makes 20% profit, then maybe the spam industry is 0.1% of their profit once the hashrate settles higher. not really something they should focus on, as it also is bad

for bitcoin - prices new users out of owning a UTXO, displaces economic activity that is part of bitcoin's value proposition. yes JPEG spam is economic activity but it's extremely wasteful, they can store JPEGs in other places which are optimized for that like imgur, ipfs etc.

so you would think that miners and pools actually would not want to take too much negative PR (public miners anyway where that can impact their share price). for a 0.1% bump in profit, you could easily lose that to soft-factors - miners switching pools, hurting btc price, hurting

bitcoin use cases, adoption etc. so it looks like it should not take too much of a nudge to add friction and get the miners to do less of it. some explaining, some outreach to miners to switch to pools that don't mine JPEGs. and maybe some actual economic lobbying by fee paying

users, to deprive pools processing spam of transaction fees. so far it seems hard to do without creating centralization risks of it's own, but as a sketch wallet sends minimum network fee and rest of dynamic fees to 1 of n multisig of pool addresses that reject JPEGs.

that could be enough to make pools not filtering JPEGs even short-term unprofitable vs filtering. the centralizing issues are: solo miners and small pools maybe not in the list, but NB there aren't many pools. and sv2 and datum can be larger without chosing blocks. i guess

that could be used to bypass the pool preference, or pools in sv2/datum are "trust the pool" model, the pool could reject pool shares with JPEGs (or anything else they wanted to block), which cuts both ways.

404 - nothing to see here

moveon! nostr:note1qqsyz8n025wg97k85rw5cdzfle24tkeqlzdtpmjdhpmpg6v4z5fq3k5vnn

X-rays help to understand...

want to play chess against me?

https://link.chess.com/friend/AzGMSS

You posted, that you "work on bitcoin as both peer-to-peer payments and a store of value", then you do not want non-financial data on the Bitcoin blockchain. So your are running a Knots node.

Do you run a Core or a Knots node?

OP_RETURN without limits is better than (unstoppable) fake addresses.

https://blog.bitmex.com/the-unstoppable-jpg-in-private-keys/

Are you running a node?

I do.

I have been wearing zero-drop shoes for three years. Start slowly and train your foot muscles and calves like you would your biceps. Pay attention to proper posture—that was my biggest obstacle. Your Achilles will thank you. Decades of wearing supportive shoes leads to weak feet. The beginning is difficult. But once you've learned to control your foot muscles individually after a while, it becomes really fun. Plan on at least a few months for this. It's worth it!

Have you ever tried zero-drop running shoes? I swear by them.

The 2nd best in your list is Nasdaq.

@`SimpleX Chat` I just flew over https://simplex.chat/docs/server.html and asking whether or when the SMP Server be on @`Umbrel`.

I'm in the camp where filters do work. And as a node runner I want to control what gets into my mempool. It is unacceptable that future versions of Bitcoin Core will restrict this option. Feel free to convince me, that it is a progress for Bitcoin as a monetary network, when the power of the node runners is reduced.

thanks for bringing this issue up again and again and again.

I already switched my node from Core to Knots a while ago.

Grassroot is the way!

ok. and again ...

ok. here we go!

seems to work smoothly.

Interesting.

Learned sth new today.

Thanks for sharing.

https://primal.net/e/nevent1qvzqqqqqqypzq5xeflpdskqvdq4swxj59793uvdzqzc9pzatjk3nhmcg2h0js8trqqs8dwml83sr3rj7dsvzuszu3nh6vk4zmjdxz7sr0xz544tcdlu3rmq596n3h

It is not an accident, that there https://github.com/permissionlesstech/bitchat is no is no link to the Android playstore until now.

Is there a release date for official version of bitchat for android ?

bc some fall into this trap: https://play.google.com/store/apps/details?id=dev.hostingduty.bitchat

Get a 2nd device and talk to yourself to break the silence.

Selling at around 0.033 seems more reasonable to me. But if that resistance breaks, than at ~0.06. Let's see how this plays out.

Anyway, I'm holding only popcorn besides my bitcorn.

p2pkh, p2sh - descending supply

p2wpkh p2wsh, p2tr - ascending supply

https://kibo.money/chart-supply-by-type?unit-1=Sats&charts-scale-price-scale-0=log&charts-scale-price-scale-1=lin&index=week&from=313.38622455060204&to=923.3511668315365&empty-1=false&unknown-1=false&p2a-1=false&p2pk65-1=false&p2pk33-1=false&p2ms-1=false

You are looking very well prepared. That's fine. Let's see how this all plays out.

I'm just sitting on my hands while doing my boring daily DCA.

Technically every market top metric recommends not to sell. https://www.coinglass.com/bull-market-peak-signals

GM!

but that's not much