I guess the next crowd which gonna hear "have fun staying poor" is the #Blake2b crowd.

Never become a forced seller. #Bitcoin loans, while good for certain things, can make one a forced seller at exactly the worst price.

@Egge hey, I still haven't seen the sats from npub.cash v1 wallet transferred to the new version. Have you finished the migration? I do receive new zaps to the new wallet but old balance is still lingering somewhere.

Disenchantment with #bitcoin is a phase everyone goes through. I guess it's the primary reason people become shitcoiners.

The current thing in #bitcoin

The #bitcoin community is conducting a constitutional dispute before there has been a constitutional violation; the technical stakes of the current dispute are relatively small, while the perceived future governance stakes are enormous.

While it is convenient to think that five companies control mining, I think the genuinely interesting number to investigate is physical hashrate ownership: MARA + CleanSpark + Riot + IREN + Bitdeer + Bitmain-related operations + large private farms, etc. That would tell us whether Bitcoin's actual ASIC ownership is concentrated in 5, 20, 100, or 10,000 economic entities. That number is far more relevant than the pool pie chart.

Don't trust anyone. Especially the experts.

GM from Gibraltar :sputnik:

It's uncomfortably odd to see that bitcoin space is filled with cry babies and emotionally driven fags.

The Knots/Core split is not a sideshow. It's probably one of the healthiest things that could have happened to Bitcoin's implementation layer, because it reminded everyone — including Core — that #Bitcoin Core is not Bitcoin.

Weird ideas such as bringing contemporary progressive language politics directly into Bitcoin Core. View quoted note →

A small professional network has accumulated more agenda-setting power over Bitcoin's dominant implementation than we generally like to admit, and the informal nature of that power makes it harder to audit.

#Bitcoin Core underwent something resembling the institutionalization seen in many successful open-source projects. The original culture was unusually adversarial: distrust everyone, aggressively challenge assumptions, don't care who somebody is, make the code prove itself. As Bitcoin became valuable, full-time development became professionalized. Professionalization created employers. Employers created funding committees. Funding created careers. Careers created mentorship pipelines. Pipelines created reputational networks. Reputational networks created social norms. And social norms inevitably created insiders and outsiders.

Minority nodes signaling BIP110 are now declaring “the miners won.” Cute. Miners have their own nodes, their own block templates, their own hash. Hashers have none of that. If you run a node without bringing the hash or building the template, what the fuck did you expect? Sovereignty by vibes?

I am still thinking what needs to be done to have bitcoin maintainer access :thinking_rms: #asknostr

Pool share is payout concentration, not control of #bitcoin hashpower. Yet another reason we need broader SV2 adoption.

BIP110 coin designation :Kek_Laugh:

LMAO... Ocean mined on the other chain :Kek_Laugh:

... And thus the game theory shit show begins.