₿itcoin ₿ombadil's avatar
₿itcoin ₿ombadil
npub1ptas...vhsq
Take delight in things for themselves without reference to yourself… The chain of memory is resurrection.
“Miners” who whore their hash out to Mining Cesspools are, wittingly or unwittingly, attacking Bitcoin. Miners who don’t build their own Bitcoin blocks are rightfully labeled as Hash Whores. Run Knots + Ocean + DATUM Run BIP-110. Filters up!🛡️✊🏼
Afaict, appealing to authority of the “heaviest” proof of work chain makes sense regarding orphaned blocks. But appealing to “heaviest” PoW chain in the context of Bitcoin forks gives me Labor Theory of Value vibes. High Quality PoW > High Quantity PoW 99%+ hash can be wrong
Bitcoin’s proof of work input is fundamental to its value proposition. No debate there. But if Bitcoin’s proof of work is being abused and degraded, then does hashrate matter that much? Quality of Hash > Quantity of Hash. Run BIP-110!🛡️ Filters up!🛡️
Ocean further aligns incentives between miners and Bitcoin by having individual miners build their own blocks with DATUM. Node running Miners who build blocks tend to be better for the quality of Bitcoin Block Rewards than hash whores who don’t. Solo Mining is the Secret Sauce.
“Hashrate security is a relative cost function” -Nick Szabo The Bitcoin difficulty adjusts, my merry fellows. We need knot obsess over “security budget” FUD or intervene in the free market price discovery process. Run Knots. Run BIP-110. Filters up!🛡️✊🏼
Ocean further aligns incentives between miners and Bitcoin by having individual miners build their own blocks with DATUM. Node running Miners who build blocks tend to be better for the quality of Bitcoin Block Rewards than hash whores who don’t. Solo Mining is the Secret Sauce.
I know Spam Simps start melting when we talk about moral & legal risks of Spam. So let’s keep it technical. Lower contiguous data limits means higher technical friction and complexity for Spammers, which helps mitigate the scalability of Spam Attacks. Therefore, Run BIP-110!🛡️
Things useful idiots or malicious Bitcoin attackers will say to Gaslight you: Spam doesn’t pose a threat to Bitcoin🤡 Adam “Andy” Back’s documented association/business dealings with Epstein is nothing🤡 Jane Street/Fiat Fat Cats aren’t manipulating the $ price of Bitcoin🤡
Dear Bitcoin Users, Do knot make peace with the Spammers; instead, rug them. Run BIP-110!🛡️Filters up!🛡️ image
Core v.30, Peter Todd, etc… made a total mockery of over 10+ years worth of accumulated goodwill and cooperation in the Bitcoin Dev community plus all the accumulated proof of work that people have put into Bitcoin since inception! Total betrayal by Todd the Bruce. Run BIP-110!🛡️ Filters up!🛡️ image
We already tried getting Core to cooperate on standards, that’s why BIP-110 is a consensus rule change that lowers contiguous data limits to an absolute maximum of 256b, which adds additional points of friction on attackers and more protection for Bitcoin & its full node runners. Run BIP-110!🛡️
Fiat Options Contracts on Bitcoin/Bitcoin ETFs using Black Scholes to value the Fiat Options. What could possibly go wrong??😅 The Dollar prices of Bitcoin and Fiat Options on Bitcoin are Oxymorons. Not your keys, not your Bitcoin. Stay vigilant. 🇺🇸🦅🫡
Writing Fiat Option contracts on Bitcoin. What could go wrong? Those Options will be “valued” using Black-Scholes which bakes in a Fiat Risk Free Rate (bullshit). Just buy Bitcoin and take self custody. It’s cleaner.
The “risk free rate” is a big part of Black Scholes, used to estimate the value of Options in Dollars. People will use Black Scholes to calculate Fiat valuations for Options contracts on Bitcoin ETFs… Fiat Derivatives on Fiat Derivatives. What could go wrong? Stay vigilant. NYKNYC
If I were going to buy/sell Option Contracts, I’d want those Options priced in Money that can’t be printed out of thin air like Gold or #Bitcoin. Black Scholes misses on 2 key underlying assumptions 1) Positive risk free rate 2) Stock prices measured in Fugazi Fiat I think the integrity of Options Markets has degraded materially over the last 100 years as the Dollar System has become progressively “faker”. I think as economic actors migrate back to Sound Money alternatives like #Bitcoin, we can restore integrity to the Options market.
Ironically, the “Bitcoin is anti-fragile” meme has made Bitcoin (and too many of its users) more fragile than ever. Bitcoin doesn’t defend itself. Users have to defend Bitcoin. Run BIP-110!🛡️ Filters up!🛡️ image
Innovation is deflationary. SpamScams are inflationary. Therefore, anti-SpamScam Innovation in Bitcoin like BIP-110 is deflationary. QED Run BIP-110!🛡️
Vigilance and diligence like this are how Bitcoin and Bloodlines fail. If you know, you Knots!🛡️ Run BIP-110!🛡️ Filters up!🛡️ image
Dishonorably breaking Gentlemen’s Agreements ≠ Gentlemen He who dishonorably breaks the 10+ year old Gentlemen’s Agreement on Bitcoin Filter Policy ≠ Gentlemen. Core/Core v.30 ≠ Gentlemen Knots + BIP-110 = Gentlemen Do you see? Run BIP-110!🛡️