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Nicotoutouille
c8e5dc3d094ba1b7ddaf24338df3d73b7f291b861ca0229d82622b9deabbc89f
Replying to Avatar Francis Mars

## Introduction

For the past three years, we have been **orange-pilling the West of Portugal** — onboarding merchants, educating the community, and growing a real circular Bitcoin economy.

Now it’s time to take it to the next level.

The **Bitcoin Coast Initiative** is a recurring 3-month program that brings **builders**, **educators**, and **Bitcoiners** from around the world to **live, build, and spend sats** together in Caldas da Rainha.

![Caldas da Rainha]()

We’re creating a **full-stack Bitcoin hub**:

* Builder Residency

* National Bitcoin Meetup

* International Bitcoin Conference

* Permanent Bitcoin Space & Shop

* Local partnerships and merchant adoption

> “We are building a bridge between two systems — one that is dying and one that is being born.”

> — *Jeff Booth*

This is where that bridge becomes real.

## Vision

Our vision is to make the **West of Portugal** a **hub for practical Bitcoin adoption** — a living example of how Bitcoin empowers communities, builders, and individuals.

A place where:

* Builders innovate using Bitcoin, Nostr, and open-source tools.

* Merchants accept Bitcoin naturally.

* Visitors can live fully on a Bitcoin standard.

* Education, freedom, and community grow hand in hand.

> “Bitcoin is not a get-rich-quick scheme. It’s a get-free-slowly scheme.”

> — *Gigi*

## Builder Residency – “Bitcoin Builders of the West”

![Prontos coworking space]()

### What We Offer

* Discount Accommodation & workspace in **Caldas da Rainha** (in partnership with [**Prontos**](https://prontos.pt))

* Mentorship and technical infrastructure (Lightning nodes, APIs, workshops)

* Integration with local businesses to test real Bitcoin payment flows

* Media visibility and networking opportunities

* Exposure to investors and global Bitcoin companies

### What We Expect

* Each builder or team develops a **Bitcoin-native project** (wallet, plugin, adoption tool, Lightning app, etc.) or similar permissionless software.

* Contribution to the local ecosystem: at least one workshop or onboarding event

* Presentation and demo at the final conference

> “Cypherpunks write code.”

> — *Eric Hughes, 1993*

We are bringing this ethos to life — **build first, talk later.**

## Program Structure

The program runs **two times per year**, each cycle lasting **three months**, followed by a **three-month pause** for reflection and preparation.

| **Month** | **Focus** | **Key Events / Milestones** |

| ----------- | ------------------------ | ---------------------------------------------------------------------------------------------------------------------- |

| **Month 1** | Onboarding & Community | Builders arrive, orientation, workshops, local merchant onboarding
National Meetup #1 |

| **Month 2** | Product Development | Builder sprints, mentorship, demos, Lightning adoption
National Meetup #2 |

| **Month 3** | Launch & Global Exposure | Final project pitches, conference prep, media, Bitcoin Space activation
International Conference & Grant Awards |

## Bitcoin Space & Shop

A **permanent Bitcoin hub** in Caldas da Rainha — part store, part classroom, part hangout.

* Hardware wallets, books, nodes, and Bitcoin merchandise

* Education: self-custody, Lightning, privacy, philosophy

* Demo zone: test Lightning payments and merchant POS

* Lounge for community meetups and visitors

* Library of Bitcoin and Austrian economics classics

> “Freedom is not something you ask for. It’s something you take.”

> — *Alex Gladstein (HRF)*

## Partnership with Prontos

We are proud to partner with **Prontos**, Caldas da Rainha’s innovation and coworking leader — a space built for creativity, collaboration, and meaningful work.

![Prontos Impact Village]()

### Why Prontos

* Premier coworking hub with spaces at *Avenida 1º de Maio* and *Impact Village*

* Community-driven mission focused on regional innovation

* Perfect physical home for our residency, workshops, and hackathons

Together, we make Caldas da Rainha a **Bitcoin builder’s paradise** — combining purpose, productivity, and freedom.

## Events

### **National Bitcoin Meetup**

A one-day event at the end of the first month — a celebration of Portugal’s Bitcoin community.

* Panels & lightning talks

* Merchant showcases

* Live Bitcoin-only market

* Networking sunset gathering by the ocean

### **International Bitcoin Conference**

A 2–3 day event concluding the residency, open to the world.

* Builder demos and live pitches

* Keynotes from Bitcoin thought leaders

* Merchant area: spend sats locally

* Workshops: sovereignty, privacy, Lightning, Nostr, education

* Final night concert or beach celebration

**Grants & Awards:**

* **Bitcoin Coast Grant** – best technical project

* **Community Choice Award** – voted by attendees

* **Adoption Impact Award** – most effective local integration

> “The task of our time is to build parallel structures of freedom.”

> — *Václav Benda*

## Why Sponsors & Investors Should Join

### Sponsors Gain

* Branding across all events, media, and physical spaces

* Year-round visibility across three program cycles

* Alignment with authentic, grassroots Bitcoin adoption

* Partnership with Prontos and regional government visibility

* Exclusive networking with builders and educators

### Investors Gain

* Early-stage access to builder startups and prototypes

* Real-world testing ground for Bitcoin business models

* Authentic credibility inside the maximalist community

* Strategic presence in the first functioning Bitcoin region in Europe

> “Sound money is the foundation of a free and prosperous society.”

> — *Saifedean Ammous*

## Why Caldas da Rainha

![Caldas da Rainha]()

* **Mild climate** and year-round sun

* **Affordable lifestyle** compared to Lisbon or Berlin

* **Friendly and safe** for families and remote workers

* **Surf, nature, and creativity** by the Silver Coast

* **Bitcoin-ready merchants** thanks to 3 years of groundwork

> “Wealth consists not in having great possessions, but in having few wants.”

> — *Epictetus*

## Call to Action

We invite:

* **Bitcoin companies** to sponsor residencies and grants

* **Local government & partners** to support logistics and merchant networks

* **Builders** from around the world to apply for our next cohort

* **Educators & community leaders** to spread adoption locally

> “We’re all just running the code until freedom wins.”

> — *Matt Odell*

Together, we’ll make Portugal’s West the **heartbeat of Bitcoin in Europe**.

## Closing

> “The price of freedom is eternal vigilance.”

> — *Thomas Jefferson*

Bitcoin is freedom in code.

The **Bitcoin Coast Initiative** is how we bring that code to life —

in Caldas da Rainha, under the Portuguese sun,

with builders, dreamers, and sats.

**Live. Build. Spend. Repeat.**

with love,

Francis 💜

Interesting 🤔

“verify, don’t trust” principle is what gives Bitcoin its security and resilience. The network’s integrity doesn’t depend on who sends the data, only on whether the data follows the rules.

When a Bitcoin node receives a transaction, it:

1. Receives it from another node.

2. Verifies that it’s valid.

3. Stores it in the mempool if valid.

4. Propagates it to other nodes.

5. If it’s a mining node, it may include the transaction in a new block.

Best answer: Not enough!

Can someone send a small zap to test my wallet?” #plebchain

Bitcoin at a Crossroads: Money or Data?

Core, Knots, OP_RETURN, and the Legacy of Taproot

---

1. Introduction – A Battle for Bitcoin’s Soul

Since its creation, Bitcoin has been called many things: digital gold, peer-to-peer cash, a hedge against inflation, a censorship-resistant ledger. But beneath the slogans lies a deeper and more unresolved question:

> Is Bitcoin primarily money, or is it a platform for storing any kind of data?

This debate has recently reignited around proposed changes in Bitcoin Core, resistance from Bitcoin Knots, and the shadow of Taproot and Ordinals, which already turned blocks into canvases for digital art, NFTs, and beyond.

The issue is not merely technical—it’s existential.

---

2. Core vs. Knots – Two Philosophies, One Chain

Bitcoin Core is the reference implementation. Stable, widely used, conservative in upgrades, but still the beating heart of Bitcoin development.

Bitcoin Knots, maintained by Luke Dashjr, is a derivative client with tighter policy rules, anti-spam filters, and stronger defaults for those who believe Core is too permissive.

The difference is not cosmetic. It reflects two visions of what Bitcoin should be:

Core → Open flexibility: let the market decide.

Knots → Strict protection: preserve Bitcoin as money first.

---

3. The OP_RETURN Controversy

At the center of today’s flame wars is a small opcode: OP_RETURN.

Currently capped at 83 bytes, OP_RETURN lets you embed arbitrary data into the blockchain.

Bitcoin Core developers are considering removing this cap, effectively saying: If people want to inscribe more data, let them.

Knots and its supporters oppose this, arguing it will accelerate spam, bloat blocks, and raise the costs of running a node.

The stakes:

Larger OP_RETURN payloads = more non-monetary use of block space.

Node operators face higher storage, bandwidth, and validation costs.

Fees rise as financial transactions compete with data inscriptions.

---

4. Taproot and the NFT Reality

The irony is that Bitcoin is already a data chain.

In 2021, the Taproot upgrade expanded script flexibility and enabled witness data to carry much larger payloads.

In 2023, Casey Rodarmor introduced Ordinals—a protocol that inscribes arbitrary data (images, texts, code) directly onto satoshis.

Suddenly, Bitcoin had NFT-like artifacts, from “Bitcoin Punks” to “Taproot Wizards.”

Entire megabytes of block space have since been consumed not by transactions, but by art, memes, and collectibles.

This makes the OP_RETURN debate feel almost symbolic—because in practice, Bitcoin’s blocks are already carrying more than money.

---

5. The Philosophical Divide – Money vs. Data

The argument splits along philosophical lines:

Money Maximalists (Knots camp):

Bitcoin is digital gold, a monetary network.

Block space is sacred and should not be polluted with JPEGs or spam.

Every byte not used for payments weakens Bitcoin’s credibility as money.

Data Inclusionists (Core camp):

Bitcoin is a censorship-resistant ledger for whatever people value.

If users are willing to pay fees, their use is legitimate.

Trying to police “good” vs. “bad” use cases undermines neutrality.

At its heart, this is not a code dispute. It is a fight about identity.

---

6. Technical & Economic Implications

Blockspace Scarcity: If data use rises, financial transactions may face higher fees. This benefits miners but hurts everyday users.

Node Centralization: As the chain grows heavier, fewer individuals can afford to run full nodes. This risks re-centralization.

Innovation Pressure: On the flip side, looser data policies attract new builders—timestamping, messaging, archival, and art markets.

The real tension: Does Bitcoin stay lean and monetary, or evolve into a general-purpose data commons?

---

7. The Soft Split Risk

It is important to note: OP_RETURN policy is node-level, not consensus-level.

Core may lift the cap.

Knots may continue enforcing strict limits.

If enough nodes diverge in policy, the network could face a soft split—where some transactions are accepted by Core but rejected by Knots.

While not as destructive as a hard fork, this would still fracture the ecosystem’s cohesion.

---

8. Lessons from History

Bitcoin has faced identity crises before:

The Blocksize Wars (2015–2017): Small vs. big blocks.

The Scaling Debates: Lightning vs. on-chain scaling.

The Taproot Adoption: Slow, cautious, but ultimately successful.

Each episode reminds us: Bitcoin’s governance is not top-down. It is a dance of code, nodes, miners, and users.

---

9. Future Scenarios

Scenario 1: Core’s Vision Wins

Bitcoin becomes a broad platform for monetary + data use. Block fees rise, miners profit, cultural use expands.

Scenario 2: Knots’ Vision Spreads

Bitcoin doubles down on monetary purity. Alternative data projects migrate elsewhere. Node count remains accessible.

Scenario 3: Coexistence

A messy middle, where Core allows, Knots restricts, and the network limps along with fragmented policies.

---

10. Conclusion – A Silent Referendum

Every node operator is effectively casting a vote:

Run Core → signal for openness.

Run Knots → signal for purity.

This is not about 83 bytes or NFT memes. It is about the soul of Bitcoin.

> Is Bitcoin money, or is it memory?

The answer will not be decided in GitHub pull requests alone, but in the quiet, distributed referendum of what software people choose to run.

---

Epilogue – Bitcoin is Time (h/t gigi)

Beyond money, beyond data, Bitcoin is also time.

It is the first system in human history where hours of labor, days of saving, and years of sacrifice can be preserved without decay.

Every block is a heartbeat; every satoshi a capsule of lived time.

> To hold Bitcoin is to hold a fragment of your own life—past effort, present security, future freedom.

And whether we treat it as money or memory, one truth remains:

Bitcoin is Time.

#bitcoin

Great post! In my opinion, we will know the answer pretty soon. The new RGB proves that we can build on top of Bitcoin without touching the main chain, and that’s great!