McCoy's avatar
McCoy
McCoy@primal.net
npub18y33...x5t7
Bitcoin NOSTR block 768722
McCoy's avatar
McCoy 8 months ago
Not a crazy set of guiding concepts/principles: 1.) Limit utxo growth (via block weight constraints, and by avoiding creation of utxos that would be uneconomic to spend) 2.) Prefer that transaction data be prunable rather than potentially permanent (eg, better to have a 20-32 byte hash in the utxo set and a 160 byte x-of-5 multisig script in the scriptSig or witness, than to have the 160 byte x-of-5 multisig directly in the utxo set; this is the main justification for why witness data should be discounted vs output data) 3.) Limit block validation time to the ~1s range (on a block whose txs have not been seen before, on reasonable hardware) 4.) Limit maximum block size growth to ~4GB/week (ie, the worst case from having a 4M weight limit) 5.) Optimise validation and relay of blocks with txs that we have seen before as much as possible 6.) Allow anyone to create any sort of scripts they like (via p2sh, p2wsh, p2tr), within the limits of what you can conceivably do with script opcodes, and without causing excessive validation costs 7.) Encourage people who want to use the blockchain as an anchor for their data to store commitments in the blockchain rather than the actual data 8.) Allow miners to occassionally generate excess profits by mining non-standard transactions that violate relay rules but comply with consensus rules
McCoy's avatar
McCoy 8 months ago
Shout out to any plebs who went hard stacking Spring 2021 and Fall 2021.... max pain... HODLn is a bitch image
McCoy's avatar
McCoy 8 months ago
Really?!? Gold? Not BTC!??? WTF: image
McCoy's avatar
McCoy 8 months ago
Everything is priced in.... No, wait, nothing is priced in??
McCoy's avatar
McCoy 8 months ago
*RETAIL* isnt here this cycle because it is an everything fiat bubble: Everything is up, forever... Sure we arent actually producing more, we are just speculating we WILL ONE DAY produce more BS I'm just goin to stay humble and stack sats about it