It is somewhat tragic to read the accusation that proponents of #BIP110 are all paid shills—though it remains unclear by whom. It seems unimaginable, in the godless fiat world of those making such accusations, that someone could act without fiat incentives. Have they never heard of doing something simply because it is the right thing to do?
dgy
dgy@stacker.news
npub1zqm7...aryh
Programmer, Bitcoiner & Cypherpunk
#BIP110 is all about the signal. It never claimed to stop spam, as the R in #RTDS stands for "reduced". It is another step to strengthen the decentralization of bitcoin again. Therefore, stop this infantile parroting that there will always be a way around to put spam in the chain, and start thinking several steps ahead. Imagine what the chain may look like in ten years if things do not change now.
Miners can either bend the knee to the bitcoin community now or get fired later. Without #BIP110 bitcoin becomes Ethereum-like or PayPal 2.0 and then it will not need miners anymore in ten years. Therefore, choose wisely.
What is bitcoin without the decentralized node runners? Maybe a dying distributed database or an over-engineered financial product? Miners ignoring that fact will find out that they are destroying their value proposition in the long run. Activate #BIP110.
Concerning the OP_RETURN policy, CoreV30+ is in the minority. Tyrannical core tried to force their spam policy on the community. This clearly shows that the argument was turned upside down: they accuse the guardians of the network of what they themselves did in the first place—attacking the network. Therefore, keep running #Knots with #BIP110 enabled.
You do not declare yourself to be a bitcoiner. You become one by acting accordingly—for instance, by hodling bitcoin, running a node, and using bitcoin as money. On the other hand, the opposition to #BIP110 is characterized by people who simply refuse to act—and before they panicked, they primarily just hoped to suppress the discussion entirely.
Unfortunately, it seems obvious that the spam debate is a divide-and-conquer attack on the bitcoin community. Therefore, the aim must be to prevent node runners from picking a team by following the simplistic arguments of famous and corrupted sinfluencers and celebrities. Saying "it will fail" without providing a reason is not an argument. Instead, wide-ranging arguments interconnecting economics, psychology, and other fields should be presented so that node runners can decide for themselves. #BIP110
Activation of #BIP110 does not cause a permanent chain split. Therefore, people talking about selling one side of the fork are mistaken, as you cannot sell an unstable split (wipeout risk is a no go for exchanges). Furthermore, complaining about missing replay protection is misguided. If CoreV30+ wants to protect their spam chain in case of a temporary chain split—to make it permanent—then they have to hard fork themselves. The protestants (CoreV29-) will certainly not move there. So, posting this misinformation really reveals their desperation.
The store of value narrative, lending against bitcoin, treasury companies, ETFs, and making it harder to run a node are all attacks against the self-custody of your bitcoin. The end result is disowning you from your asset, as described in "The Great Taking" by David Webb, meaning you have at best an unsecured claim for your bitcoin. Is that what you want? If not, hodl your coins in self-custody and run #Knots with #BIP110 enabled.
Michael Saylor denying that bitcoin has a spam problem is like Roger Ver saying funds were safe at Mt. Gox in 2014 before it crashed. With such statements, you cannot hide the elephant in the room that will shortly jump into the pool—there will be some ripples. #BIP110 🌊
Accusing the #BIP110 movement of lacking conviction because legitimate transactions will ultimately outprice spam is simply turning the argument upside down. Waiting and hoping that the problem will go away somehow is just superstition, as it could get worse and we end up with an unusable chain. Therefore, the community has to show proof of work to clean up the mess by running #Knots with #BIP110.
There are no bailouts in bitcoin. The community will not stop signaling for #BIP110 and mining to give Saylor & Co smooth sailing or prevent all the shitcoin companies from finally collapsing. Keep running #Knots with #BIP110.
What is the point in complaining about SegWit, Taproot, etc., if you are not willing to act now by activating #BIP110 and correcting some of these mistakes made with those? Doing nothing means you end up with an unusable and centralized system in the long term. Apathy kills.
Unintended consequences are real in the bitcoin ecosystem. I mean, who predicted that scaling with a second layer would lead to wasting precious space on the first layer through spam? Therefore, we now need rectification with #BIP110, and in the future, we have to move slower with any new additions on the first layer.
Yelling on social media about coercion does not help you to stop #BIP110. If you want to do that, you have to act and actively create a User-Rejected Soft Fork (URSF) and rally enough people behind it. But idealistic arguments like censorship and coercion that can be misinterpreted as supporting spam will not bring you far.
Activation of #BIP110 will mean a changing of the guard regarding leadership of the dominant client. One may expect vulnerabilities exploited for storing data in the bitcoin timechain to be fixed faster, as fighting spam is an ongoing battle with no final fix for it.
Hilarious thaT people who are overwhelmed by cOnfiguriNg a router try to convincE you not to run your own #BIP110 node ;-)
As fixing vulnerabilities with #BIP110 has become such a political debate, governance of bitcoin by the community seems rather weak at the moment. Activation of the latter will give us an indication of how resilient bitcoin is in terms of fixing issues in the future. Bitcoin should be hard to change and extend but nimble enough to fix problems efficiently.
Showing confidence or lack of it is part of the game—first chapter of "The Art of War" by Sun Tzu—and in the end, it is a game of chicken. #BIP110
The starting point of the #BIP110 story—with all the sinfluencers saying it is not going to happen, etc.—seems to be a classic David vs. Goliath storyline, and Goliath will be slain this time, too.