₿itcoin ₿ombadil's avatar
₿itcoin ₿ombadil
npub1ptas...vhsq
Take delight in things for themselves without reference to yourself… The chain of memory is resurrection.
The road back to Fiat Clown World is paved with the convenient centralization of the Bitcoin Block Template Cartel. In order to maximize the resilience and redundancy of Bitcoin we should encourage Hash to pivot back to building their own blocks like Satoshi did. 🇺🇸🦅🫡
Filters up. Mine with your own Block Templates. Run Knots. Point your hash to Ocean with DATUM. Or Solo Mine like Satoshi did. Resist the Block Template Cartel’s Siren calls of short sighted Fiat-minded convenience. The price of Bitcoin is eternal vigilance. Godspeed. 🇺🇸🦅🫡
“It’s possible that we are in a completely fraudulent system.” -Michael Burry in The Big Short movie #Bitcoin
“I am credited with being one of the hardest workers and perhaps I am, if thought is the equivalent of labor, for I have devoted to it almost all of my waking hours.” -Nikola Tesla Fiat undervalues physical & cognitive labor. #Bitcoin discovers the fair market value of labor. 🇺🇸🦅🫡
“I can only say be extraordinarily cautious.” -Wilbur Wright to Orville Wright on the Art of Flight (and Bitcoin). 🇺🇸🦅🫡
“The impatience of a hundred thousand persons would not accelerate the rhythm of his stride.” -Francois Peyrey on Wilbur Wright and Bitcoin Players. 🇺🇸🦅🫡
“The best dividends on the labor invested have invariably come from seeking more knowledge rather than more power.” -Wilbur and Orville Wright on the Art and Science of Flight (and Bitcoin). 🇺🇸🦅🫡 image
The Witness Discount (a sly round about blocksize increase) + Taproot facilitated more JPEG spam on Bitcoin. Filters up. Decentralize the Block Templates. Resist the centralization of the Block Template Cartel. Money remains Bitcoin’s Dominant Strategy. 🇺🇸🦅🫡
The Bitcoin Blocksize/scaling war really ended up being a decision to store data/innovate off chain by fixing Tx Malleability for Lightning but also to store more data on chain by increasing the Blocksize with the Witness Discount. We wanted to have our cake and eat it too. We played ourselves. Now we need to learn from our mistakes. 🇺🇸🦅🫡
When you enter the land and plant any kind of fruit tree, regard its fruit as forbidden. For 3 years you are to consider it forbidden; it must not be eaten. In the 4th year all its fruit will be holy, an offering of praise to the Lord. But in the fifth year you may eat its fruit. In this way your harvest will be increased. I am the LORD your God. -Leviticus 19:23-25 on Bitcoin and delayed gratification
#Bitcoin is like a fusion of Sound Money & Sound Price Signal. #Bitcoin users mostly talk about the Sound Money, which is important. But don’t sleep on the importance of Sound Price Signal/Difficulty. #Bitcoin’s decentralized inputs need to produce sound money & sound signal.
Imagine creating money out of thin air and lending it to another person. Now imagine taking that person’s real assets from them if they don’t pay back the money you created out of thin air. This ☝️ is the business model of The Fed & Fractional Reserve Banking. Got #Bitcoin?
After consulting with Bitcoin Spam Apologists, Elon Musk has decided to eliminate Twitter’s Spam/Fraud Mitigation Department saying in an official statement: “We can’t stop the Spam Bots and Impersonators on X, guys. My condolences to the Blue Checks. That’ll be $8.” /s
Seems notable that a good chunk of the Bitcoin Network is still running older versions of Core or Knots. 🇺🇸🦅🫡
An auction is a way of allocating an object or acquiring a service. For the auction to work well, the rules determining the winner as well as how much the bidder will pay must be established beforehand. -Auctions by Hubbard and Paarsch Bitcoin is the world’s greatest Auction.
When uncertainty concerning the object’s true value exists and where it is important to allocate the object in the most efficient way, the auction is your BFF. -Auctions by Hubbard and Paarsch Bitcoin and the Internet run on Auctions. 🇺🇸🦅🫡
Dear Bitcoin Core, What signals do you believe you are projecting to the rest of the users of the Bitcoin Network right now by reducing the configurability and removing default filters in the Core implementation software? Why is quality control no longer a priority? 🇺🇸🦅🫡
Bitcoin users’ mental nodes are being co-opted by Mission Creep, Spam Apology, and Nihilism. If Bitcoin users don’t hold each other to ridiculously high standards, then no one will. Filters up. Decentralize the Block Templates. Money is Bitcoin’s Dominant Strategy. 🇺🇸🦅🫡