Replies (30)
Peter Todd being a fat piece of shit? Who would know.
More like intentional harm, than self inflicted wound
Reading Peter Todd's TL is rage-inducing. Horrible human, IMO
But
@ODELL would tell everyone that
@Luke Dashjr and
@Bitcoin Mechanic want to control bitcoin without (intentionally) talking anything about this PR at all.
What is more annoying is that very few people have called out
@ODELL for misguiding his followers on Nostr since Nostr is still circle jerk of few simpfluencers.
SUCCESSFUL ACTIVATION OF BIP110 WILL EITHER CHANGE THE ARROGANT BEHAVIOR OF
@ODELL OR END HIS SIMPFLUENCER/VC CAREER...!!!
View quoted note →Todd is CIA-Mossad …
This is the "death by a thousand cuts" attack currently being carried out by Todd and others. Little by little the scope and use cases of Bitcoin are expanded, stretching censorship resistance to cover any arbitrary data not just monetary transactions. Shifting definitions, ever increasing scope creep, all changing Bitcoin's trajectory one BIP at a time towards becoming another Ethereum-like shitcoin platform.
Todd's endgame is tail emissions and/or demurrage. I used to believe Bitcoin maxis had enough fight in them to make sure this would never happen, but now I'm not so sure. Sadly, I think a lot of the current core worshiping pro v30 crowd will also support these changes when the time comes. As important as this current fight is, there are bigger battles ahead. If BIP110 has no other affect besides cutting Todd out of Bitcoin development then it's worth it imo.
And as we have seen when filters are used the incentives to route around them grow and we end up supporter miner centralization as the larger pools have an advantage over the smaller ones.
So basically all Epstein/NSA/Blockstream devs voted NACK.
Interesting to observe that Luke and Jack are intel assets themselves. They always play both sides.
The best maybe to stay on v29 for now.
Peter Todd continues to be a stain on bitcoin. Considering the powers that be made that shit documentary trying to call him satoshi, i'd say he is not only a bad actor but a state sponsored one.
You didn't address
@npub1ej49...ndrm's point-- instead you just got triggered by the word "censoring".
Peter Todd's point.
Jajajaja nailed!
The entire post is the response.
Just look at his Twitter profile.
Anything with the word Peter Todd should just be tossed out
Fuck me you really are dodgy.
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3 years later the “very significant fee revenue” as Peter Toad put it, turned out to be… wait until you hear it… 0.75% of the total mining revenue. 0.75%!!! Meanwhile spam takes 36% of the blockspace on average and 39% of the size of UTXO set. Nearly 40% at the expense of the network for less than 1% revenue. This - to put it mildly - is simply outrageous.
Issue #7: Why Miners Won't Stop Spamming
Why do miners fight over 0.12% of revenue while harming the protocol?
Here, I did it for him:
View quoted note →Staying on v29 accomplishes nothing.
Nice to see many so called bitcoin OGs show themselves one by one to be retards and arrogant grifters chasing conference talking gigs, getting money from pedophiles and vcs, gradually the core v30 spammers will all be thrown into the trash bin of bitcoin history and their memories will be acursed like the previous big blocker bad actors before them
ZioPedoTodd makes Vitaly'Shethereum almost attractive
Especially when you refuse to patch exploits.
Filters are not a monolith, you don't seem to have a problem with your node filtering out Litecoin transactions. So not all filters have that perverse incentive alignment.
Here, I'll address them:
- Miners will make less revenue is speculation. (see: barefoot mining revenue after implementing DATUM blocks)
- Peter Todd himself made private mempool propagation with his Libra relay so he is, by his own estimation, hurting small miners on purpose.
- Fee estimation is pseudoscience (just because I don't know how much some guy in China pays for his hamburger doesn't mean I don't know what I'm willing to pay for my hamburger.)
Hard fork and all your complaints are over.
- No, it’s self-evident (all else equal)
- Libre Relay is not private and that’s the point
- Your hamburger analogy makes no sense whatsoever in this context
It is not at all self-evident that excluding larger data blobs from a scarce data space is not more lucrative. Strictly because of the variable phi input, you can't just draw the conclusion that more equals more. I literally gave you an example of a miner making more money by excluding inscriptions and large data pushes.
Private in this context means hidden from public mempool gossip, not your definition of private property or whatever.
And my burger analogy, although a little cumbersome for the application, is still apt. Because no matter what someone has paid previously or will pay in the future, what I determine to be the fee can't be estimated. Example: if the previous block everyone paid a thousand sats per v-byte, that doesn't mean anything compared to what I'm willing to pay for my next transaction. Fee estimation is Keynesian psuedoscience.
You don’t know what you’re talking about.
Great argument 👍
