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jimbocoin 🃏
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The SUPERCYCLE guy.
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jimbocoin 1 year ago
Sunned my balls today. I think it’s working. ☀️ ☕️ GM
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jimbocoin 1 year ago
The game doesn’t take place on the board. It takes place between the ears of the players.
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jimbocoin 1 year ago
When a boomer nocoiner complains their portfolio is down 20% and now they can’t retire this year like they planned. Me: image
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jimbocoin 1 year ago
The fact that we’re fighting sats vs. bitcoins means it’s already happened. The battle over the decimal placement—the controversy ITSELF—raised consciousness of the issue. Most people don’t understand sats, or even that #Bitcoin is divisible. Arguing the name change helps to educate them. At sat/cent parity, it’ll happen. All it takes is awareness and appreciation.
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jimbocoin 1 year ago
To get the most out of vibe coding, you need three things: * Curiosity * Empathy * Humility If you have those, you’re all set.
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jimbocoin 1 year ago
Suppose the headline is correct, that filters work. What does this mean? In a word, censorship. If filters work, it means that something other than fees determine what transactions get confirmed. Do you want this? Is censorsble #Bitcoin desirable to you? View quoted note →
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jimbocoin 1 year ago
You can’t have it both ways. If #Bitcoin transactions are cheap, then they’re cheap for your enemies. If Bitcoin transactions are expensive, they’re expensive for you too. You have to decide whether you care more about the price to you, or the cost to your enemies. There’s no principled solution that allows you to keep transactions cheap for yourself and expensive for others.
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jimbocoin 1 year ago
If you *really* want to disincentivize spam on #Bitcoin, you should champion a block size decrease. Making block space more scarce improves decentralization. It reduces the cost to start and run a node. And it will push fees up, making spam unaffordable. That’ll show’em.
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jimbocoin 1 year ago
But is the plural “shitcoiners” or “shits coiner”?
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jimbocoin 1 year ago
A lot of the #Bitcoin arguments lately have been about path dependence. That is, what path future history will take. I find these arguments hollow. The path of future history is incredibly hard to predict. Social systems are reactive and dynamic. Volatile in the short term. If you believe in the eventual outcome, aim for that, and let future history figure itself out. So, would dropping the OP_RETURN policy limit “send a message” to shitcoiners? Maybe? But I say, who cares? If you have a technical argument, I want to hear it. Thinking about incentives (behavior) is fine. But then extrapolate to the end. What does the end state look like? Because this is what matters. The long, long term. Having low time preference means focusing on the horizon. Not short-term politics.
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jimbocoin 1 year ago
Why do I have to talk to the deli worker? Why isn’t there a kiosk like Panera bread? This is not hard, people. We have the technology.
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jimbocoin 1 year ago
The results of the Milgram experiments were shocking.
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jimbocoin 1 year ago
Jimbo’s take on the Bitcoin policy/inscription debate: * Witness Data (inscriptions): Already prunable! Like OP_RETURN, it avoids permanent data bloat for non-archival nodes. * Fees/Full Blocks = Success: High fees aren't failure, they mean Bitcoin is in demand. Get used to it if you believe in Bitcoin’s success. * Market Over Policy: Fee market naturally prices out inefficient uses over time. Let it work. Stop trying to centrally plan block space via Core policy changes. * Core should be Consensus ONLY: Bitcoin Core should focus exclusively on consensus rules. Stop the bikeshedding over non-consensus policy (like OP_RETURN limits) within Core development. * Balkanize Policy: Node operators deserve choice! Let them pick mempool/relay policies like Linux distros. Embrace complexity/responsibility as the price of freedom. * Decentralize More: Block building/template construction (Stratum V2+) also belongs outside Core, just like hashing hardware and wallets. * Trust Emergent Order: Bitcoin self-regulates via incentives. Stop the central planning hubris; trust individual choices & the protocol's design. Current debates are opportunities to push more functions out of Core. #Bitcoin