Steve Reed

@hodlonaut Shinobi and Adam have honestly been the best advertising that BIP110 could have asked for these last few months.

@SteveJReed I never sided with them, I just needed more time to educate myself on the OP_RETURN and BIP110 drama. But yeah...

Never would I have believed five years ago that I would be attacked, smeared and harassed by Adam Back, Shinobi, MrHodl and others for publishing a fully sourced investigation article about Bitcoin Core governance. It doesn't quite feel compatible with the whole "don't trust, verify" and decentralization mantras. It really is an unbelievable state of affairs. Appeals to authority, shaming, ad hominems, smears.... Zero engagement with the imo shocking revelations of the articles.

@flaming_hodl @ocean_mining To evaluate properly you need to stop mining and let the rewards window close out, the way the rolling reward window works makes it difficult to grasp an accurate picture.

I'm 1-2 mined blocks away from reaching @ocean_mining minimum on chain payout amount. I'll use that as an opportunity to analyze costs and post it here. There was much experimentation during this time so it increased the cost compared to what it otherwise would have been.

@0x44_ @w_s_bitcoin The way the question is first phrased is abstracting it as well. They are just polymorphs that exploit different parts of peoples limbic systems.

@SteveJReed @w_s_bitcoin There's no need to reframe the question. Doing so is just trying to abstract the problem away to justify one's fear. As fear always rationalizes. You know people are going to choose blue, and they're especially worth saving.

This is probably why Neanderthals went extinct while Homo sapiens went on to rule the world.

@FieldNas I have settled on a roughly weekly payout schedule and just manually send it back to braiins.

@FieldNas I considered this but then you will never be able to enable lightning payouts if you want to fully drain your account with Braiins. Will need to gamify it a little bit if you want to fully extract your BTC. Not your keys not your coins etc.

Big Brain🧠 Set my Ocean payout address to my Braiins deposit address and create a BIP110 signaling perpetual motion machine that boils the oceans. ✅✅ fine print: requires periodic altruistic donations. personal note: "sign me up."

@0x44_ @w_s_bitcoin I am not even gonna pretend that I will pick Blue. An easy reframe of the question changes the outcome: Everyone who presses Red survives, everyone who presses Blue joins a lottery for voluntary euthanasia.

@SteveJReed @w_s_bitcoin You're right to question the virtue, and in fact when the situation came down to it, you actually might find yourself voting Blue. Personally, I just hope I don't give into fear, should it or a similar situation ever arise. I hope I'll be brave enough to pick Blue.

@w_s_bitcoin Still zero consequences. Until you stare down the barrel you don’t know how you’ll behave. The red voters you can trust are at least being honest.

@SteveJReed It's actually a private Twitter poll. Most people vote and don't leave any comment saying which way they voted.

Maturing in Bitcoin is going from checking the price 100 times per day, to checking whether Ocean has found a block 100 times per day. @mattkratter @GrassFedBitcoin @LukeDashjr @oomahq

Am I gonna have to accept cookies literally for the rest of my entire life?

@DukeDukingtonRD @LiliH65289916 @NEEDcreations The difficulty adjustment also zeros it out. But that requires higher level second order thinking that spam apologists don’t seem capable of.

@SteveJReed @LiliH65289916 @NEEDcreations It's not next to nothing, it's exactly nothing. Similarly whether the block rewards half or not, miners are no better or worse off. Surprises me how few understand this.

Blocks would have been basically empty for the past 2 years if it wasn't for spam txns on Bitcoin. Would the "Bitcoin is dead/no one is using bitcoin" narrative have been worse for the ecosystem overall if that were the case? I think the answer is yes....and how many more miners would be out of business by now if it weren't for these spam-filled blocks? Can we come to the shocking conclusion that spam good for Bitcoin, at least for the time being??? What do you think? #BIP110

@MrBeast What a great example of suicidal empathy.

Everyone on earth takes a private vote by pressing a red or blue button. If more than 50% of people press the blue button, everyone survives. If less than 50% of people press the blue button, only people who pressed the red button survive. Which button would you press? BE HONEST.

@NEEDcreations Find me a country where red button wins so I can move there.

Everyone who has conducted this red/blue button poll has results where about 60% choose the illogical, groupthink choice, blue. My conclusion is that 60% of people will never wake up from the matrix. They will forever be groupthink sheep. This 60% number is consistent with other data I've seen over the years as well, such as about 60% of people are willing to comply with unsafe vaccine mandates...(I'll look for the source, I don't have it handy, but I remember seeing a similar 60% number).

@NEEDcreations No, just that we are fools to allow them to be filled with junk that has nothing to do with monetary use cases.

@SteveJReed So, you're saying we should lower the blocksize?

@NEEDcreations Yes. 4MB blocks every 10 minutes will contain more overall data than 500kb blocks every 10 minutes.

@SteveJReed Does it really add chain weight if blocksize is capped and blocks come every 10 minutes regardless?

@FieldNas @Braiins @ocean_mining Having personally ‘burst mined’ right at the start of oceans recent 60+ hour dry run. It’s gonna take me a while to recover. My timing was very, very bad.

I'm pretty sure it's a myth that you need to meter out your @Braiins hash budget out over time to capture better odds with @ocean_mining hitting blocks. With TIDES payout system you CAN 'burst mine' all your sats inside an hour or two at very high hashrate and then sit idle for days, if you want. Assuming you are long term on this, the law of average will protect you. The ONLY key to profitability or keeping losses low, is the price you pay for hash relative to current difficulty. Fight me.

@LukeDashjr Are the 30% knots nodes accurate? When will BIP110 be enabled as default setting in knots?

It would have been worse to find this out later. But really, only 8% of bitcoiners want Bitcoin to succeed? 😕 Has Core's gaslighting really been that effective?