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In a world where scepticism can be a curse, Bitcoin makes me optimistic. New account - replaces: npub14fl8hj2zzm735a6mxjh7t0l7slc8dw9hs0ufkfhlxw5t97rlh87swufmdp

The last time I saw that name was the bitclout noise. ๐Ÿ˜‚

History is littered with salty people selling some to buy back later who missed it.

Doesn't really make sense either. You have to sell the absolute top, and buy the absolute bottom on a 20% pullback, just to break even on taxes ๐Ÿ˜‚

LOL. I was literally thinking this today.

Back to basics. Wind up windows, no fluff, just a utility tool.

Make them cheap enough, easy to work on, and cheap parts for maint, and they would sell well IMO.

Log in.

See some excitement about all time high.

Checks price in GBP Pesos....

๐Ÿ˜ค ๐Ÿ˜ค

Capitol controls refers to the flow of money in and out of a country, so I imagine preventing China from buying US assets is the meaning here.

*Educated guess*

Hahahaha. Well played ๐Ÿ˜‚

Kinda agree on Sam Harris.

The best way to view it is we all act as if we have agency, and that brings about positive outcomes, so what does it matter if it is all deterministic.

In other words, now you have the information, what does it change?

The answer is nothing. Act as if you have free will, even if it is determined that you do. ๐Ÿ˜‚

The only other option is to immerse yourself in nihilism. That's gay AF.

Yep.

a BIP to state there are now 26 'words' in the alphabet

Anyone UK based running a bitaxe?

Did you use the Solo Mining Company?

Easy to set up?

Anything I need to lookout for, or be careful of?

#asknostr

My view on simplicity - we are fighting huge Dollar network effects, taxation, slur campaigns from other shitcoins, a decade of being sneered at, a wave of scams every new bitcoin cycle, and on this long long list of things we need to overcome in order for bitcoin to be accepted and used as money, if I were to list them in priority of impact, the term sats wouldn't even be on the list.

Next time you reach the point when you say "I will now send you some bitcoin" just do it. No need to explain anything.

"You now have X bitcoin, otherwise known as Y sats"

My nan used to use Pounds, Shillings and Pence.

20 Shillings to a pound, and 12 pence to a Shilling. This was the global reserve currency at the time.

I promise you, it isn't the word 'sats' that is preventing bitcoin becoming the money lol.

Having said that, yes, enjoy the rest of the week, Austin.

And anyone who does understand the history just wants ONE of the 21m bitcoin.

Look, this is very simple, people are not going to walk away because they now now a sat is a fraction of a bitcoin, are they?

Zero people have gotten all the way to pushing the buy button, and then decided to stay away because of the name sats.

It has never happened. Let's be honest about what this is - unit bias shitcoinery leaking into the minds of bitcoiners.

Then educate them that sats are the base unit ๐Ÿ˜‚

You are telling me you explained the rest and all the complexity, but the one thing we need to change is the base unit name to make it easier?

Agreed.

It also has nothing to do with confusion. It is to do with unit bias.

My 92yr old grandmother used to operate in Pounds, Shillings, and Pence ffs. Sats are not hard to grasp.

Replying to Avatar negr0

Bitcoin Core vs. Bitcoin Knots: The Great Bitcoin Spam Fight

The Bitcoin community is engaged in an interesting debate: Bitcoin Core vs. Bitcoin Knots. What are they? Why are they fighting?

Here, I explain clearly and simply, without missing any details, with neutrality and a touch of the "spam" controversy.

What is Bitcoin Core?

It's the main software used by approximately 90% of nodes (computers that keep Bitcoin running).

It's stable and developed by many programmers, but some say it doesn't react quickly to problems like network spam.

What is Bitcoin Knots?

An alternative version of Core, created in 2011 by Luke Dashjr.

It has everything Core has, but adds filters to block "annoying" transactions like NFTs or images on the blockchain.

It is used by approximately 633 nodes and relies on a single developer.

Why the conflict?

Everything exploded in 2023, when transactions like NFTs and "ordinals" (data like images on the blockchain) saturated the network, driving up costs.

Knots filters them to ease the network's burden; Core allows them if they pay fees, dividing the community.

What is "spam" in Bitcoin?

Think of the blockchain as a highway: transactions are like cars. Some (NFTs, JPGs) take up a lot of space, causing "traffic."

- Knots: Blocks them to clear the way.

- Core: Lets them through if they pay a "toll."

But who decides what is "spam"?

As the community says: "Spam is in the eyes of the recipient."

- Some see NFTs as spam, like a fake lottery email. Even if they pay, they don't want them on their nodes.

- Others say: "If they pay and the protocol allows it, it's not spam."

Think about it: someone sending mass emails about fake lotteries pays for the server and plays by the rules of the internet.

But you don't want those emails in your inbox. Likewise, some people don't want JPGs on their Bitcoin nodes, even if they're "valid" transactions.

Is it fair to filter them?

The debate began in 2023, when a bug ("Inscriptions", CVE-2023-50428) allowed data like NFTs to be inserted into the blockchain, overwhelming it.

Knots quickly fixed this in its 25.1 release, while Core was slower, leading some to view Knots as the solution to "spam."

Here are the sides in this debate:

- Team Core: They believe that any transaction that pays is valid. Filtering is like "censorship" and goes against the freedom of Bitcoin. They prefer stability and regulated fees.

- Team Knots: They want to protect the network from saturation, claiming that filters don't break the rules.

- Luke Dashjr (Knots): He says NFTs and ordinals are "spam" that clogs the network and increases costs. His filters help small nodes, but some criticize him for only maintaining Knots.

- Peter Todd: He sees "spam" as a problem, but says paid transactions are valid. He looks for open technical solutions.

Other technical voices

- achow101 (Core): In 2017, he said to use Core unless you need Knots' features, viewing Knots as an "extra."

- Developers like Gloria Zhao have shut down filter ideas in Core, frustrating those who want quick changes.

After asking a few people in the community, we came to different conclusions on both sides:

- Pro-Core: They value stability and fear that Knots, with only one developer, is risky. They say filtering is making decisions for others.

- Pro-Knots: They want anti-spam tools and criticize Core for being slow. They see Knots as an innovation.

The Filter Dilemma

Even if you filter JPGs on your node with Knots, if a miner includes them in a block, your node must accept it. It's like blocking a lottery email, but having to save it if it's already reached the server.

This makes the debate complex: do you filter or accept everything?

Technical explanation (easy)

The mempool is a waiting room for transactions.

Knots lets you choose what comes in (with filters like datacarrier=0), while Core accepts almost anything.

If many nodes used Knots, spam would be more expensive, but it wouldn't disappear.

Core is committed to stability and freedom; Knots is committed to control and efficiency. Spam divides because everyone has a different view of what's "annoying."

The community will decide whether Bitcoin should be "cleaner" or more "open."

Which side are you on?

I'm not sure I understand it enough. A few questions:

1. Do the NFTs add additional chain space over and above a standard transaction?

2. Are NFTs cheaper to deploy than a standard transaction ( on average? )

On a further note, spam is a subjective description, which is probably why some hate it, and others don't mind. For some, bitcoin usage, is bitcoin being used, so all good.

๐Ÿ˜‚ ๐Ÿ˜‚ ๐Ÿ˜‚

Sometimes I laugh too when I see people complain about the amount of sats people send out.

On aggregate, we can't all send more than we receive. Like global trade. We can't all be net exporters ๐Ÿคฃ

You really need to spend some time reading this chain again.

Try doing it several times, then think about what my actual question was, then look at your answers.

Think on it for a few hours, then ask yourself - which world view here is more childlike?

This is so nonsensical to me.

1. The whole premise has been "there will only be 21m bitcoin" falls apart.

2. We are past the point of bitcoin being too expensive. We are now transitioning into the "people like expensive things" phase.

I say leave the lotto "I missed bitcoin, what's the next bitcoin" chasers to XRP.

IMO it's a shitcoin mentality that thinks we need to attract new people by playing their unit bias in the hope they don't buy another shitcoin.

I mean, if I see a retard, I'm going to call it a retard.

Pencil that in as anything you like ๐Ÿ˜‚

I'm not saying you shouldn't.

I'm pointing out your nonsensical incoherent typings lol.

Look at the chain of conversation.

I ask a question. I point out a fact - the regime hates you - and your entire premise is "Why would they do anything against us?"

Now you claim I am war mongering. You really are, a literal retard ๐Ÿ˜‚