BIP 110: "It actually increases rather than reduces legal and regulatory risks. By attempting to filter "bad" data it actually invites more regulatory pressure - if government authorities believe that Bitcoin can be changed by pressuring a few entities, they will almost certainly try to do so. Neutrality protects the network - selective censorship doesn't." Jameson Lopp. Imho the most important point raised by critics of BIP 110.

Cypherpunk Cogitations

A Layman's Guide to BIP-110

An explanation of why BIP-110 is reckless and doomed to fail.

Was running Knots so I could mine to Datum with my #Bitaxe until recently. I switched to Core now as I subscribe to @Jameson Lopp 's view that you can't censor spam, you can only incentivize it's obsolescence. Change my mind! #Core

Has anyone read "Hijacking Bitcoin" by Roger Ver? Do you recommend it to a hobyist bitcoiner?

Wondering why @jack shilled #Bitty on X. A solana memetic shitcoin? It doesn't add up. Tanks for any explanation.

X (formerly Twitter)

jack (@jack) on X

#Op_Return I found this article very interesting on why censorship in the form of Knots is quite useless:

BitMEX Blog

Bitcoin OP_RETURN & Image Storage: Spam Debate

Abstract: We look again at the OP_Return policy limit issue and the related topic of storing images in the blockchain. The argument is not going a...

Atlas Shrugged, Ayn Rand: there is a parallel to be drawn between Ayn Rand's protagonists following John Galt's lead, withdrawing from socialist society and people deciding to denominate their savings in Bitcoin: we are opting out of the dilutive fiat system just like they are opting out of a society that has institutionalysed theft. The values driving Ayn Rand's heroes are eerily close to that of most bitcoiners although, how many have read Ayn Rand in the space? “I swear—by my life and my love of it—that I will never live for the sake of another man, nor ask another man to live for mine.”: These are the pre-requisites to joining Galt's Gultch, his hidden valley. Similarly, bitcoiners are not fleeing a fiat regime as much as they are getting away from the socialist ideology that is feeding on it. Whether to provide for the parasites running governments or for the needy populace electing them into power, the socialist system of redistribution is at the heart of the fiscal runaway and demonatisation.