AsyncN8, #BIP-110 IS A BUG FIX

3.1K posts

AsyncN8, #BIP-110 IS A BUG FIX

AsyncN8, #BIP-110 IS A BUG FIX

@AsyncN8

A backdoor only for the 'good guys' isn't possible.

Earth Beigetreten Nisan 2009
473 Folgt443 Follower
Adam Kaufman
Adam Kaufman@Voltage_BTC·
Is this not accurate? Accepting Bitcoin (BTC) and converting it to USD triggers tax implications because the IRS treats cryptocurrency as property, not currency. You must report both the initial business income (fair market value at receipt) and any capital gains/losses incurred if the BTC value changes before you convert it to USD
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Square
Square@Square·
Automatically enabled bitcoin payments are rolling out to eligible U.S. Square sellers. Start accepting bitcoin that instantly converts to cash at checkout, with no additional setup. → 0% processing fees through 2026 → Near-instant settlement → No need to hold bitcoin Learn more: squ.re/sqbtc
Square tweet media
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Sebastian
Sebastian@sebp888·
They can freeze your bank. They can flag your payments. They can shut you out overnight. That’s the system. Monero is different. Private. Uncensorable. Fungible. No surveillance economy. No permission needed. If you care about financial freedom, start learning XMR. ⚠️💡⚠️💡
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Kristen
Kristen@2dogs1chic·
@BitcoinRachy .5 to 1 and all will be fine. It’s going to keep growing forever. Never sell it, borrow against it and live modestly.
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₿itcoin Rachy ⚡️
₿itcoin Rachy ⚡️@BitcoinRachy·
How much Bitcoin should you own to be able to retire in 2033? I don’t wanna hear “depends on your lifestyle”, just give me a damn number.
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AsyncN8, #BIP-110 IS A BUG FIX retweetet
Bitcoin Teddy
Bitcoin Teddy@Bitcoin_Teddy·
Julian Assange: The goal of war in the Middle East is "to wash money out of the tax bases of the United States, out of the tax bases of European countries... and back into the hands of a transnational security elite." "The goal is to have an endless war, not a successful war."
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Jake H ⚡️
Jake H ⚡️@TheJakeHanna·
I appreciate @CashApp being Bitcoin only, and not only that, if you want bonuses/rewards, they encourage you to onboard existing @Square merchants to Bitcoin, not by learning about shitcoins. I can’t wait for 3/30/26 when the @Visa and @Mastercard duopoly is threatened.
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hodlonaut #BIP-110
hodlonaut #BIP-110@hodlonaut·
CAPTURE An investigation across four articles into how informal power over Bitcoin Core was assembled, exercised, and defended. Article One: The Network citadel21.com/the-network
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AsyncN8, #BIP-110 IS A BUG FIX
@BitcoinConner The US Government, run by Bankers will NEVER allow a De minimus tax on anything other than USD. They know very well it would legitimize BTC by them as money. It threatens the core of their power. I admire you for trying, but they will fight you to the end not to allow this.
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Conner Brown
Conner Brown@BitcoinConner·
Even more concerning news today on the Bitcoin tax front. We’re going to need the Cyber Hornets for this one. 👇 Today’s new draft **leaves the double taxation on bitcoin mining in place** and only provides relief to staking. So now the proposal is: - De minimis for stablecoins but not Bitcoin - Fixing tax treatment for “passive validation” (I.e. staking) but not Bitcoin mining This contradicts all prior proposals on this issue. This is not tech neutral and picks winners and losers for no reason. Full statement from BPI coming soon about @RepHorsford and @RepMaxMiller’s draft. We need strong community push back to show that this language sets America and Bitcoin back.
Conner Brown tweet mediaConner Brown tweet mediaConner Brown tweet media
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Isabel Foxen Duke⚡️
Isabel Foxen Duke⚡️@isabelfoxenduke·
I do agree that most BIP 110 supporters are feds. At least at the leadership level. They clearly want any hope of a Bitcoin fee market to die — and for the network to death march to zero security bitcoin.
Udi Wertheimer@udiWertheimer

bitcoin maximalists simultaneously argue that quantum isn’t posing any danger to bitcoin AND that jpegs of wizards and penises are an exsistential threat this is past stupidity at this point. these people are feds

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AsyncN8, #BIP-110 IS A BUG FIX
@CryptoChat7 @brian_armstrong Its a banker bill. It does nothing but give banks & the government more power to attack financial freedom. It doesn’t protect right to self custody or opensource developers. If you want stablecoin yields, you already have it. If this bill passes you lose rights. No bill is better
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The Crypto Seven
The Crypto Seven@CryptoChat7·
The Clarity Act would be huge. Way bigger than a ceasefire in the Gulf or anything else. @brian_armstrong should not be allowed to speak for the crypto industry. He's not in the industry, he just has an exchange.
Nico Cabrera@NicoCabrera92

Dear @brian_armstrong , It’s time to stop. This started back in January with a narrative that made sense — letting people earn with their own money. Respect for that. But now, enough. You’re protecting your business. Fair. But this industry is bigger than @coinbase . If this doesn’t move forward now, as Cynthia Lummis @SenLummis warned, we’re delaying everything until 2030. And you’re blocking it… over yield? Let’s be clear: If a technology needs incentives to be used, that’s not adoption. Blockchain doesn’t depend on yield. It has REAL use cases: FINANCE International payments 2) Remittances 3) Interbank settlement 4) Stablecoins 5) Collateralized loans 6) Uncollateralized loans 7) Lending / Borrowing 8) Yield farming 9) Staking 10) Derivatives (futures, options, swaps) 11) Tokenization of financial assets 12) Tokenized bonds 13) Tokenized equities 14) On-chain money markets 15) AMM 16) DEX 17) Digital custody 18) Treasury management 19) Programmable payments 20) Crowdfunding 21) ICO / IDO / STO 22) Decentralized insurance 23) On-chain reinsurance 24) Tokenized factoring 25) Trade finance 26) Liquidity as a service 27) Clearing 28) Real-time financial auditing INFRASTRUCTURE 29) CBDCs 30) National payment systems 31) RTGS 32) Financial interoperability 33) Global liquidity networks 34) Digital money issuance 35) Monetary policy 36) Programmable money 37) Automated subsidies 38) Automated taxes 39) Public treasury LEGAL / IDENTITY 40) Digital identity 41) KYC/AML 42) Digital signatures 43) Notarization 44) Property registry 45) Corporate registry 46) Legal smart contracts 47) Arbitration 48) Voting 49) DAO 50) Digital certificates 51) Licenses 52) Patents 53) Intellectual property 54) Digital evidence SUPPLY CHAIN 55) Traceability 56) Inventory management 57) Shipment tracking 58) Origin certification 59) Quality control 60) Anti-counterfeiting 61) Logistics automation 62) Trade documentation 63) Customs 64) Tokenization of goods REAL WORLD ASSETS (RWA) 65) Tokenized real estate 66) Fractional ownership 67) Automated rentals 68) Tokenized infrastructure 69) Tokenized energy 70) Tokenized commodities 71) Tokenized art 72) Collectibles 73) Usage rights 74) Automated royalties GAMING / METAVERSE 75) NFTs 76) In-game assets 77) Virtual economies 78) Play-to-earn 79) Digital gaming identity 80) Game interoperability 81) Asset ownership 82) Secondary markets CONTENT 83) Music 84) Copyright 85) Creator monetization 86) No-intermediary platforms 87) Micropayments 88) Content NFTs 89) Tokenized subscriptions DATA / TECHNOLOGY 90) Decentralized storage 91) Decentralized computing 92) Oracles 93) Data sharing 94) Data protection 95) IoT identity 96) Decentralized machine learning 97) Data monetization 98) Data integrity ENERGY 99) Smart grids 100) P2P energy 101) Renewable certificates 102) Carbon credits 103) Emissions tracking 104) Energy incentives HEALTH 105) Medical records 106) Healthcare interoperability 107) Clinical trials 108) Pharmaceutical tracking 109) Consent management 110) Medical identity EDUCATION 111) Academic certificates 112) Education records 113) Verifiable credentials 114) Educational content 115) Reputation GOVERNMENT 116) Budget transparency 117) Public spending 118) Public procurement 119) Civil registry 120) Land registry 121) Elections 122) Citizen identity MOBILITY 123) Vehicle identity 124) Maintenance records 125) Mobility insurance 126) Automated tolls 127) Fleet management 128) Autonomous vehicles RETAIL 129) Loyalty programs 130) Ecommerce payments 131) Tokenized points 132) Product authenticity 133) Retail supply chains 134) Decentralized marketplaces OTHERS 135) Philanthropy 136) Communities 137) Reputation 138) Global freelance 139) Smart labor contracts 140) Memberships 141) Crowdsourcing 142) Decentralized social networks 143) Corporate governance 144) Sports rights Yield is ONE use case. Adapt. Let this move forward. Don’t hold back an entire industry for one business model. @SECPaulSAtkins @iampaulgrewal @paulbarron @digitalassetbuy @DigPerspectives @s_alderoty @patrickjwitt @davidsacks47 @RepFrenchHill @votetimscott @EleanorTerrett @ChadSteingraber @ChairmanSelig @martypartymusic @pmarca @berniemoreno @xrpmickle

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AsyncN8, #BIP-110 IS A BUG FIX
@sethforprivacy I don’t think a protocol that has privacy at the base layer will ever have enough liquidity. Monero is nearly impossible to spend anywhere without converting into something else first, BTC or Stablecoin. BTC with lightning gives good privacy with none of the swap hurdles.
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Seth For Privacy
Seth For Privacy@sethforprivacy·
Bitcoin privacy sucks because we refuse to fix it at the base layer or give devs the tools to build trustless bridges/L2s that can have near-perfect privacy. As a result: ⛓️ On-chain privacy sucks (but SP/Payjoin help) ❇️ Spark privacy sucks (but is getting better) ⛴️ Ark privacy sucks (but will hopefully get better) ⚡️ Lightning privacy sucks (for most users) This is the raw reality, and is the reason why most people who have a clear need for privacy still use other things like Monero. If we want to change that, we have to be willing to make larger changes to Bitcoin itself. P.S. - just because it sucks doesn't mean Bitcoin isn't still a useful tool, just like (unfortunately) Tether has even worse privacy and can be easily censored but is also a useful tool (for now).
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AsyncN8, #BIP-110 IS A BUG FIX
So the solution to central banks and government corruption of money according to Peter is to create digital claims on gold that they and third parties hold. All you have to do is KYC and ask for their permission to use your gold tokens and rely on them to never block you or cheat
WOLF Bitcoin@WOLF_Bitcoin_

Peter Schiff said "The real threat to Bitcoin now is Tokenized Gold, It is everything that Bitcoin was supposed to do. Tokenized Gold does better"

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AsyncN8, #BIP-110 IS A BUG FIX
@L0RINC @philip_dath Filtering unwanted non monetary data in Bitcoin, a monetary network, is not censorship. You know this very well. Anyone with a brain does. Else you can completely delete your spam folder in your email because you keep CENSORING those dick enlargement pill emails you keep getting.
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l0rinc
l0rinc@L0RINC·
@philip_dath You've been misled, BIP-110 is just a censorship framework masquerading as a cleansing quest.
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Philip D'Ath
Philip D'Ath@philip_dath·
Bip110 protects Bitcoin from people like this.
Reformed 🧂@ProfessorBigz

This is just so tiresome. 🚫 False Framing It is so dishonest to frame the debate as:
“Monetary network” (BIP 110) vs “non-monetary / anything-goes network” (Core). This is false. 
Bitcoin is the monetary network, Core is the reference implementation, Knots is a fork and BIP 110 is a treasure trove of bad ideas. Core simply refuses to go full authoritarian and use consensus rules to police what people put in their transactions. You know, that pesky permissionless and censorship-resistance stuff. Fees already do the filtering, as the market, not pseudo-moral soft forks, enforce monetary priority. BIP 110 is not “keeping Bitcoin monetary.”It is trying to enforce a narrower, ideological definition of ‘money’ by retroactively freezing UTXOs and breaking L2 tools. And, unlike Knots/BIP 110, Core refuses to effectively cripple Bitcoin’s ability to scale in a failed attempt to stop what cannot be prevented. BIP 110 ensures that Bitcoin cannot and will not be money, but rather remain a speculative asset and toy that the vast majority of the planet will never use as a medium of exchange or unit of account. 🚫 Misrepresentation of “voting” with nodes Running a BIP 110 node is not a vote. Bitcoin is not a democracy. Nodes validate, miners produce blocks, the economic majority (users, exchanges, businesses, and ultimately hashrate) decides what chain survives. BIP 110 has 0% miner signaling. Framing a 20–25% node minority as “the people voting” is spin at best. 🚫 Straw-man of Core’s position Core does not advocate for “generalized data storage”. Core advocates for neutrality plus economic incentives. Non-monetary use is allowed only if it pays full fees. That is the opposite of “anything goes.” 🚫Manipulative Gaslighting Implying that anyone who doesn’t run BIP 110 is voting against Bitcoin being money is laughable. You can believe Bitcoin should be money and believe that a misguided moral soft fork, while retroactively freezings utxos is the wrong tool to achieve it. ✅ Bottom line BIP 110 supporters are not defending a “monetary network”. They are crippling Bitcoin’s ability to win while simultaneously demanding a prescriptive, purity-enforced network enforced by a minority UASF. Core is defending the actual monetary network. One where fees, not ideology, decide what survives. The dichotomy presented below is fake. The real choice is economics vs. moral authoritarianism. That’s the real framing they don’t want you to see.

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AsyncN8, #BIP-110 IS A BUG FIX
@efenigson @NakedHedgie If its not direct merchant acceptance we will eventually be in the same boat even with Bitcoin. Many of the merchant payment options require KYC, which is the same thing as a bank. Square is an exception. I expect the government to go after these direct lightning payment options.
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Efrat Fenigson
Efrat Fenigson@efenigson·
Alex, i've been TRYING to book flights/accom using my credit cards this past week, all CC companies - Visa, Mastercard, Amex - have all done the "predictive crime prevention" algorithm on me, banning all my transactions cuz they "suspect" they're frauds. It's for MY safety! It's insane. That's why I'm in bitcoin. Can't wait to use and pay with bitcoin for ALL my future needs, with ZERO permission asked. I hate the dependency they create, those damn banks and credit card companies.
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Samson Mow
Samson Mow@Excellion·
I’ve never seen a nonprofit that was created to fund Bitcoin development get attacked for its logo and name before. We live in interesting times!
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Airbtc
Airbtc@Airbtconline·
Be honest: Have you ever actually paid for something with Bitcoin?
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Fernando Nikolić 🇦🇷 🟠
Foundry mined 7 consecutive Bitcoin blocks and caused a 2-block reorg Nobody outside of the Bitcoiners who follow the Bitmex research account are talking about it because the normie radar saw price bouncing back to $71K Mining concentration is the story nobody wants to have
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Samson Mow
Samson Mow@Excellion·
So this has been my sidequest for the last year: setting up a new nonprofit with @jimmysong, @parkeralewis, and @jratcliff. It's called @ProductionReady and will focus on education along with funding the development of a new Bitcoin client.
ProductionReady@ProductionReady

We’re excited to officially announce @ProductionReady, a 501(c)(3) public charity established by @Excellion, @jimmysong, @parkeralewis, and @jratcliff to advance open-source Bitcoin development through education and funding for a new conservative Bitcoin client.

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Tony | thebitcoinway.com
@AsyncN8 Yes, but what I meant is that if you're developing a wallet, for example, don't post your name on the project.
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