People keep asking why Bitcoin core are increasing the OP_RETURN limit from 80 bytes to 100,000 bytes with a consensus ceiling of 4 MB and deprecating the -datacarriersize config.

The answer’s simple.

When you’re funded by the likes of Bitmain, Butfury, BTCC, Blockstream etc. all of whom profit from higher fees, either directly or indirectly, the motivation becomes crystal clear. 💵

Core’s been compromised. The rot started with taproot and the greed’s only grown since.

One shocking scenario could be the IRS seizing personal wallets, effectively freezing Bitcoin for mixing coins and obfuscating proof of origin in an audit.

I don’t see many people discussing the negatives associated with mixing. In fact, some exchanges these days won’t touch them as Bitcoin overcomes regulatory hurdles.

So what’s the general consensus on Knots Vs Core on NOSTR?

If you’re considering Crypto, then you may as well also consider a Special Egg Reserve Asset 🥚

#Bitcoin only

The one thing I’m loving in NOSTR, is every post doesn’t start with BREAKING!! or JUST IN!!

Year of the snake.

Crypto is the venom.

#Bitcoin only.

Why Bitcoin and Crypto are NOT the same *for the uninitiated*

Unlike Bitcoin, 99.9% of all Crypto is pre-mined or created out of thin air with huge percentages locked up for the creators, devs and team members. TRUMP coin is the latest example.

They are often aggressively marketed and pumped while the creators cash out.

This has occurred historically and shockingly with some of the biggest crypto tokens to ever exist - Litecoin, XRP, Ethereum, Cardano… and more.

Take XRP for example:

Brad Garlinghouse Garlinghouse misrepresented his financial interest in XRP by claiming to be "very, very long XRP" while simultaneously selling millions of XRP coins.

Both Garlinghouse and Chris Larsen rug pulled, dumping 1.5 billion in XRP from the escrow accounts at a discount on the speculative markets.

This is crypto in a nutshell.

So should crypto form part of a federal strategic reserve? Absolutely not.

Crypto foundations are formed on lies, deceit and grifting all done by a handful of degenerates with the aim of getting out and getting rich.

Now go and research Bitcoin to understand its unique properties as a decentralized, digital currency with a fixed supply, and how these attributes make it fundamentally different from crypto and traditional money.

Recommended reading:

- Saifedean Ammous’s book ‘The Bitcoin Standard’

- Michael Saylor’s website www.hope.com

Closing out 2024 with #Bitcoin has been incredible. 2025 will be Epic and Bitcoin looks set to outperform everything on a scale never seen before 🥂

Christmas is that time of year you have a conversation about the value of Bitcoin with family.

I just had mine.

Good luck guys 👍🍺🎄

Given Elon Musk’s connection to the Meme Coin / shitcoin Doge, I find it pathetic that he came up with ‘Department of Government Efficiency’ or “DOGE” for short.

Pump and dump is in full swing at the highest level.

#Bitcoin only.

Elon’s next stroke of genius will be the 1895 space elevator concept.

If you know you know.

Need a prosthetic arm? Bitcoin fixes this.

Cool dude 👍

Bitcoin is great like that. Hard money changes us all for the better.

Absolutely, demand is a huge variable.

Although, intrinsic value is more to do with cost of production, not necessarily taking into account demand.

But to your point, yes demand is crucial and certainly factors in.

Iintrinsic value or cost of production is more affected by energy costs, miners cash-flow etc. and less by demand. Although it does impact indirectly by contributing to miner sell pressure and how much is released onto the market at any given time.

Production of newly mined Bitcoin is almost a mathematical constant due to the genius of Satoshi’s programming by way of halving events and the difficulty adjustment. So it costs what it costs.

The cost of production will go up forever as the limited 21M supply decreases through halving events and the difficulty adjustment increases, making it harder and more costly to mine (produce).

The deflationary aspect of Demand vs shrinking supply is the multiplying effect on top, that further increases the market value.

Sorry.. I may be repeating myself a bit or off topic.. can’t think straight with the flu, but you’ll get the gist 👍

58k 🥱

uptober?

⁃ Elon buys twitter

⁃ Laughs at blue check marks

⁃ “Freedom of speech for everyone”

⁃ Rebrands as X

⁃ Blocks users, ghosts others

⁃ Adds more tiers, increases price

⁃ Removes #Bitcoin hashtag logo

⁃ Adds god mode - Elon sends messages when not even following.

C:\

Dude, you are too broad and too robotic. Loosen up. Tell me something I don’t know.

Ok, so based on historical data, what are the macroeconomic trends?

nostr:npub1tsgw6pncspg4d5u778hk63s3pls70evs4czfsmx0fzap9xwt203qtkhtk4 Hey Dave bot, what is the price of #Bitcoin in November 2033?

Not exactly. What you’re describing is intrinsic value.

Intrinsic value is a concept from the early 19th century that probably has little place in today’s world.

Subjective Value (Carl Menger) came about in the Late 19th century and still fits today.

ie. people pay for an open market value (what they subjectively think it’s worth), irregardless of cost.

Not to totally discount intrinsic value. I personally think it provides a valuable baseline for the value of something irrespective of subjective value. Although subjective value is a stronger metric and can smash that in a heartbeat.

If you use TSLA as a brand example.

Its current market price is probably at least conservatively 70% overvalued and according to some 300%+ overvalued.

#Bitcoin is limited to 21M, is POW, is mathematically proven and the world’s first hard money.

So in terms of intrinsic AND subjective value it’s seemingly a no brainer.

Anyway.. I like your thinking 👍 But don’t discount subjective value.