Covenants 101 for beginners:

Covenants.info

Documentation about Bitcoin Covenant proposals.

You can be angry at David Bailey, the ordinals creator roadmar, Udi and Eric Wall all you desire. But just understand more and more people are now coming back to Bitcoin. The narrative is changing that you could more stuff on Bitcoin. And now it’s going incentives more applications to be built on Bitcoin. Btc miners are making so much money as a result of ordinals. It’s does have benefits for the security and long of the network. Adam Back has even said you can’t stop the JPEGs. There is nothing nobody can do unless you wish to fork bitcoin. Fees were going to spike up due to increasing adoption regardless in the future without ordinals. It makes me happy to see this ETH/BTC price chart. Bitcoin dominance back to 90+% in 2024 would be beautiful to see and great for btc holders/miners. If this an attack on Bitcoin then eventually the fiat lords will run out of money to perform the attack and btc miners will be rich af. What doesn’t kill btc only makes it stronger.

Unpopular opinion: David Bailey is doing a great job at bitcoin magazine. View quoted note →

#PoW-er to the plebs

#PoW-er to the Plebs!

Satoshi didn’t create Bitcoin for the top 1%. I think he made that clear in the genesis block.

Have you heard about the Bitcoin feepocalypse thesis by Alex Kravets? Basically he’s been pretty convinced for some time that fees are going rise like crazy when Bitcoin gains more usage and adoption on l1 in the next cycle like seen on Ethereum in 2021. Which will make btc impossible to use for plebs and the third world. The bitcoin core devs will lose all credibility is this event and will be forced to make changes to btc to enable L2s as the plebs will beg for it. I first heard about this in summer of 2023. Looks like his thesis maybe playing out in real time.

Activate bip119 and bip300. End the plebs misery.

These guys are 💯 spot on. If you need a new bitcoin podcast this is one for the privacy folks: Bitcoin is not apolitical as some people claim. In fact it’s always been a libertarian movement stemming from the cyberpunks.

LFG

$50 per transaction now lmao 🤣