I enjoyed Jack's talk, albeit he left a lot unsaid and some things don't click correctly to me in his speech. About your post above, I think there's a nice idea in it! Everything kB committed to the blockchain is physical mass and an energy requirement to supply by node runners forever. Here: - Monetary kBs will provide ongoing network effects for the system. tx is source for txs. - JPEG kBs will do nothing of the sort So if: - core is rotten and they won't cede control, - permissiveness halts bitcoin from bitcoining in the long run that we need, then BIP110 has to be attempted because if not, none of the problems are getting sorted and we get more anti-cypherpunk shenanigans: - bad covenants + suitcoiners + exchanges controlling utxo flow - fake L2s (KYC, surveillance and capital control) - ethereumization, bitvm, shitcoinery but on bitcoin Basically compartmentalization of Bitcoin into a meek and timid crypto-asset. I don't want that.

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> albeit he left a lot unsaid and some things don't click correctly to me True but he perfectly described the main culprits without naming them (prob to avoid lawsuits). I need to watch it again but I’m pretty sure 5 of the 6 guys he named are Adam Back, Michael Saylor, David Bailey, Casey Rodarmor and probably Jeremy Rubin. Not sure about the sixth one. It’s probably either Mike Schmidt or John Newbery of Brink.