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bitcoinlimit
bitcoinlimit@verified-nostr.com
npub12h35...k3mr
dev @btcframe, running #bitcoin.
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bitcoinlimit 3 months ago
you are a non technical retard. shut up and host some porn and some nfts so pipe investors can make some money.
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bitcoinlimit 3 months ago
i read like 100 posts and maybe 5% are supportive of v30. same on nostr and twitter. yet that tiny 5% still decides the fate of bitcoin. that’s straight up authoritarian, the exact thing we were trying to avoid all along. and when real bitcoiners raise concerns, the same people who put their life savings into this, they get brushed off as non-technical plebs.
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bitcoinlimit 3 months ago
until about a few months ago i thought we all agreed and defined what spam is in bitcoin. then they flipped the script and started calling it “legitimate” or “interesting” content.
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bitcoinlimit 3 months ago
trying to store any content on bitcoin beyond transaction data is an attack on bitcoin. legal, illegal, or “interesting” doesn’t change that. bitcoin is money and it matters more than your money-making fantasies. go do that on ethereum or whatever scam chains your projects belong to. and to all bitcoiners still fighting to keep bitcoin just money: either stop the scam crypto vcs or they’ll ruin bitcoin as we know it.
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bitcoinlimit 3 months ago
This isn’t enough. v30 is the default client, therefore it needs to roll back and restore filters. image
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bitcoinlimit 3 months ago
we’re on the verge of bitcoin potentially becoming a reserve currency as they move to eliminate unrealized gains taxes. yet here we are arguing about filling nodes with junk data that is absolutely unnecessary. the lack of perspective is staggering. we can’t see the forest for the trees and we’re never content with the incredible progress that we’ve already made.
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bitcoinlimit 3 months ago
bitcoin’s very definition is peer-to-peer cash. it’s not dropbox. even op_return or inscription envelopes canonly squeeze in a few mb per hour, taking decades to rival a cheap cloud dropbox plan. bitcoin is money, not a file server.
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bitcoinlimit 3 months ago
remember when vitalik approached to use bitcoin for non-monetary data and we said fuck off. wild how much water’s gone under the bridge since then.
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bitcoinlimit 3 months ago
people don’t give a fuck until it hits their own portfolio. that’s when “minority concerns” suddenly get promoted to “majority panic” but by then it’s already too late.
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bitcoinlimit 3 months ago
The Treasury just issued interim guidance exempting corporations from counting unrealized gains/losses on Bitcoin under the Corporate Alternative Minimum Tax (CAMT) fixing what threatened to tax paper gains. No better development for Bitcoin than this one. Now it’s time to push for eliminating capital gains taxes more broadly, not just for companies. image
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bitcoinlimit 3 months ago
stripe’s building its own blockchain and apis so llms can let customers buy directly. the wild part is they’re showing vendors the tech that makes processors like stripe obsolete. once merchants realize they don’t need to pay 3-5% fees, bitcoin clicks. why give stripe a hair cut when the rails don’t need a middleman anymore.
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bitcoinlimit 3 months ago
the idea that fees alone stop spam sounds good on paper, but breaks down fast when you look at real attacks. fees swing around. on a quiet sunday morning, an attacker can jam blocks with junk for pennies. by the time fees rise, the junk is already locked in and every node has to store it forever. not every attacker cares about burning money. governments (especially governments who want bitcoin to die) ideological actors, rival coins, or just rich trolls can spam even when fees are high. think about that for a second and you’ll realize that this action immediately invites some actors/bodies to throw unlimited resources at trying to kill bitcoin. economic deterrence only works on people with limited resources who care about economics. spammers pay miners, but the cost lands on everyone else. every node has to download, process, and store spam transactions forever. the bitcoin blockchain itself remained neutral 'til now, it's simply a ledger of txs. the problematic content emerges only when specialized software interprets blockchain data in ways that reconstruct harmful material. until now, the defense was that bitcoin doesnt support data, it requires extra tools and software to transform it to CSAM. however, with the introduction of core 30, this distinction becomes less tenable. 30 effectively transforms every participating node into a component of a distributed storage system making operators potentially complicit in hosting content rather than merely maintaining tx records. this shift fundamentally changes the nature of node operation from passive record-keeping to active data hosting, raising new questions about liability and responsibility for network participants. another words every node running core 30 effectively becomes part of the data-storage layer and thats a big problem! if bitcoin is money and if you’re a monetary maximalist, there’s no such thing as “legitimate or interesting content” on the network beyond tx data.
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bitcoinlimit 3 months ago
my conclusion is that the whole op_return operation is about pissing off monetary maximalists who also happen to be big hodlers pushing them to sell and leave. and they’re doing it pretty successfully.
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bitcoinlimit 3 months ago
a non-believer in monetary maximalism trying to be a bitcoin authority is like an atheist with good bible knowledge trying to lead sunday church prayers.
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bitcoinlimit 3 months ago
we all started as monetary maximalists. some stayed, others drifted.
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bitcoinlimit 3 months ago
if you’re fundamentally right, you don’t need technical skill to defend it. if you’re fundamentally wrong, no amount of technical skill can save it.