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JPaq
jpaq@nostrplebs.com
npub1hvvf...ad4p
Memes / Shitposting #Bitcoin only Run a node Run a miner Cold Storage
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JPaq 2 weeks ago
GM ☕ Pura Vida 🤙
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JPaq 5 months ago
I'm here for the posts saying "Bitcoin will never be under $100k again" 🤙 image
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JPaq 5 months ago
GM psychos ☕️
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JPaq 7 months ago
Bitcoin to the rescue! image
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JPaq 7 months ago
For all the people asking, "Why is (insert shitcoin/stock) in the red and Bitcoin is at new ATH's?" You've been told for years. ⚡₿itcoin only⚡
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JPaq 7 months ago
Bitcoin is approaching $100k 🚀 image With Bitcoin's price hovering around $97,000, several factors are influencing its trajectory: • U.S.-China Trade Talks: Upcoming negotiations between the U.S. and China are easing trade tensions, boosting investor confidence in risk-sensitive assets like cryptocurrencies. • State-Level Crypto Adoption: New Hampshire has become the first U.S. state to establish a cryptocurrency reserve, allowing up to 5% of public funds to be invested in digital assets like Bitcoin. • Institutional Investments: MicroStrategy continues to expand its Bitcoin holdings, signaling strong institutional belief in the cryptocurrency's long-term value. • Regulatory Developments: The UK's draft legislation aims to tighten crypto regulations, seeking feedback from industry stakeholders to balance innovation and oversight.
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JPaq 7 months ago
I asked ChatGPT for a breakdown of the OP_RETURN battle 👇 The current argument for removing the OP_RETURN size limit in Bitcoin is part of a broader philosophical debate about how much data should be allowed on-chain—and what Bitcoin’s purpose really is. Here's a balanced take: Background: OP_RETURN is a script opcode that lets you embed arbitrary data in a Bitcoin transaction. It's provably unspendable, so the output can be safely pruned. Currently, the limit is 80 bytes, though it was originally 40 and briefly had no limit before being restricted to discourage spam and blockchain bloat. Arguments for Removing the Limit: 1. Data Freedom & Innovation: Removing or increasing the limit would allow more sophisticated applications: NFTs, token systems, timestamps, identity proofs, etc. Advocates argue this is consistent with Bitcoin as a "trust anchor" for digital truth and not just payments. 2. Market Decides: As long as users pay fees, miners can decide whether it's worth including. This aligns with Bitcoin’s permissionless nature. 3. Minimally Invasive: OP_RETURN outputs don’t bloat the UTXO set, so even larger ones don’t increase long-term node costs as much. Arguments Against Removing the Limit: 1. Preserving Bitcoin’s Role as Sound Money: Critics see non-financial data on-chain as mission drift, potentially undermining Bitcoin’s role as hard, sovereign money. 2. Encouraging Spam & Centralization: A flood of cheap data could increase blockchain size rapidly, making it harder for people to run full nodes and increasing centralization pressure. 3. Abuse Risk: No limit means more chance of illicit or controversial content being permanently embedded in the blockchain, which could create legal or reputational issues. My View: The strongest version of the case for removing the limit is rooted in Bitcoin’s censorship resistance and neutrality—letting fee markets and users decide what data belongs. But it should be balanced with clear awareness of the trade-offs in long-term node cost, scalability, and potential misuse. An intermediate path might be raising the limit (e.g., to 512 bytes or 1 KB) instead of removing it entirely.
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JPaq 8 months ago
Hashrate just increased ⚡📈⚡ image
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JPaq 8 months ago
Am I doing it right!? image
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JPaq 9 months ago
Just ordered a Bitaxe! AMA.
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JPaq 10 months ago
GM ☕ Say it back 🤙