Adam Longhorn

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Adam Longhorn

Adam Longhorn

@AdamLonghorn

Data Analyst // Restaurant owner // Bitcoin maximalist. BIP-110

Krakow, Poland Katılım Ocak 2022
378 Takip Edilen326 Takipçiler
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Adam Longhorn
Adam Longhorn@AdamLonghorn·
Hi All. My wife and I run a Tex-Mex restaurant in Krakow, Poland called 'Los Gorditos' (we welcome you!). I felt compelled to speak up today so here is goes: Spam is spam, scammers gonna scam, inflation is theft, and Bitcoin is money. Please support BIP-110. Thank you.
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David Bennett's Bitcoin And Podcast
I do not like Ordinals. I do not like inscriptions. I think stuffing arbitrary images, token metadata, and other junk into Bitcoin transactions is stupid, unproductive, and a waste of block space. So BIP-110 begins with a complaint I can understand. The problem is . . . 👇 bitcoinandshow.com/bip-110-solvin…
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Bram Kanstein
Bram Kanstein@bramk·
So please help me understand why changing consensus, albeit temporary, with this soft fork only has a “courtesy” miner signaling of 55%. That is either a threat/high confidence, or low confidence. In any way it asks the question: how much support is needed to change Bitcoin? Some thoughs:
Bram Kanstein@bramk

Some will flame me but whatever. I put BIP110 in Claude and am asking it to answer my questions and help me understand it. 2 important findings: 1. It basically agrees with it technically. And when I read it I am ok with a temporary (this is important) period of this soft fork to have time to "figure out something sustainable" (against spam). Ok I am on board conceptually. 2. Spammers will adapt. There are other technical ways to spam. This starts an arms race, cat/mouse game. Visible/invisible spam makes it harder and harder to detect... the blockchain size keeps rising despite these efforts. We stay in a perpetual trap and discussion and strife that asks for an extension of the "temporary" soft fork. Hold up. Bitcoin's whole value proposition rests on the idea that its rules are extraordinarily hard to change. Not impossible, but hard enough that you can build a hundred-year savings plan on top of them. So every activation mechanism is implicitly answering the question: how hard should it be to change Bitcoin And 95% versus 55% are two very different answers. It said: "the activation mechanics (55%, mandatory signaling) are where I'd expect the fiercest fight, because that's not just about spam anymore. That's about how Bitcoin changes itself." ... "The justification given (for 55% signaling) is that it's temporary and urgent. But you can see why this is the part people fight about, right? The threshold isn't just a technical parameter, it's a statement about how much agreement you need before changing Bitcoin's rules." 2 things I see: 55% is not 51% (attack), but boy is that close? What happens to an emergent money that is engineered truth of which it's most important task is to stay consistent, constant, predictable, immutable, and thus trustworthy when it is in a perpetual fight? Is that positive? Many wanted me to think. Here's my thinking. Maybe I am too rational. Maybe I am an idiot. I have another positive/negative read attached. "imagine the same playbook used for something else: a "temporary emergency" fork for compliance reasons, or transaction filtering that a slim majority supports under regulatory pressure. "It's temporary, it's urgent, we only need 55%, non-signalers get orphaned" is a template, and templates get reused." Please share your thoughts. Thank you.

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Cedric Youngelman ⚡️
Cedric Youngelman ⚡️@CedYoungelman·
Bitcoin Mechanic on why the mission dies the moment Bitcoin centralizes: "What Bitcoin purports to do is to end the era of central banking. That's an unbelievably difficult thing to accomplish, and you're obviously up against the most evil, conniving, determined people on the planet to undermine that mission. So you're just not going to be able to do that if you're centralized, because they're just going to find the central points of failure and hold guns to the right heads and make sure it goes the way they want to go. You can't do it." Mining pools. Core development. Funding. Pick your central point of failure. @GrassFedBitcoin on The @_BitcoinMatrix #283. Full conversation here: youtube.com/watch?v=yRjzSb…
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Adam Longhorn retweetledi
Jason Hughes
Jason Hughes@wk057·
@adam3us @ocean_mining How so? OCEAN payouts are from the coinbase... can't really replay those on another chain.
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Adam Longhorn
Adam Longhorn@AdamLonghorn·
@mars_quaking @bramk Much of the world earns less than 350 usd a month. It’s not cheap for them Also, storage is not the issue, it’s memory. Bloated UTXO set killed my 4 GB raspberry pi in 2023/24. Memory prices have increased substantially and will continue in a world with AI
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daniel 🦌
daniel 🦌@mars_quaking·
Verification is cheap and will continue to be cheap, there is no excessive bloat that is threatening our ability to run nodes. Storage is very cheap and getting cheaper, you can buy a 10TB drive for around $350 today and that amount of storage capacity can hold over 100 years worth of Bitcoins blockchain. It's not a valid argument.
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Bram Kanstein
Bram Kanstein@bramk·
Pro BIP110 argument that I like
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Adam Longhorn
Adam Longhorn@AdamLonghorn·
@BenJustman @bramk Bram, Please don’t get hung up on Justin blocking you or it wont look like you’re genuinely learning in public but actually engagement farming, as he accuses you of doing.
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Ben Justman🍷
Ben Justman🍷@BenJustman·
@bramk Some people are triggered by those who are comfortable learning in public. I'd had him muted for years and didn't think of him until he made a fuss about how he was unfollowing me.
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Bram Kanstein
Bram Kanstein@bramk·
Me: I randomly post my thoughts about the #1 topic that deeply interests me. Random guy Justin on the internet: "He is engagement farming so I blocked him" 😂 social media is a trip
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Bram Kanstein@bramk

"The thing I support is so good and I believe in it so much that I must block you" - @1914ad I am actively learning and have an open mind but this incredibly emotional activity by some 110 supporters is making my psyop senses go 🚨 Anyway, recording a pod w/ @cguida6 Thursday

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Adam Longhorn
Adam Longhorn@AdamLonghorn·
@w_s_bitcoin @Satoshi_10122 I’m open if you’d be willing to budge a bit more on the odds. We will need to also define success/fail criteria. DM me if you’re interested
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Wicked
Wicked@w_s_bitcoin·
@Satoshi_10122 Nah, I’m offering 10:1 odds. Offer’s still open…up to 0.1 BTC of yours against my 1 BTC. Anyone confident enough in BIP-110 is welcome to take it.
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Adam Longhorn
Adam Longhorn@AdamLonghorn·
@bramk @boomer_btc @LoveIsBitcoin21 Core V30 was the trigger. Large number in community didn’t want OPRETURN default changed (a default in place for 10 yrs)but they did it anyway. Bip110 was the response.
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Love Is Bitcoin 🧡💊
Love Is Bitcoin 🧡💊@LoveIsBitcoin21·
BIP-110 Could FREEZE Your Bitcoin — Luke Dashjr Refuses to Kill It Quick Summary BIP-110, a proposal to kill Ordinals via a temporary fork, has less than 1% miner sup…
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Adam Longhorn
Adam Longhorn@AdamLonghorn·
@callebtc So far That’s 4 posts/replies today about bip110. I’m getting non stop Calle in my feed. 😅 Is bip110 a risk to your project? That’s the only explanation I can think of.
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calle
calle@callebtc·
c'mon BIP-110! don't lose energy now, we're all rooting for you! - save the children - core is woke and all women are DEI - you wouldn't leave your front door open either - not hosting graffiti on a $900 start9 - policy, consensus, same same, who cares you can do this!!
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Adam Longhorn
Adam Longhorn@AdamLonghorn·
@callebtc @AAStack Obviously we will see what happens in less than a month. But IMHO recently it Looks a bit more like bip110 is really worrying you. Are your projects in danger?
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calle
calle@callebtc·
@AAStack let the great bip-110 back-paddling begin
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Adam Longhorn
Adam Longhorn@AdamLonghorn·
@theonevortex @SullyMichaelvan I’ve heard this for weeks/months now. I don’t think saying it anymore is gonna change the outcome one way or another. What will be will be. We just need to wait until activation period.
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Vortex | BIP448
Vortex | BIP448@theonevortex·
@AdamLonghorn @SullyMichaelvan > sentiment, emotion, conviction are not predictors of bip110 outcome Correct but node count/miner signaling are and knots only ever got around ~20% of the nodes and has less than 1% miner signaling just a couple weeks before flag day. Consensus has already spoken, 110 is DOA.
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Michael Sullivan
Michael Sullivan@SullyMichaelvan·
I didn’t want to write this. One of the deepest lessons I’ve learned from researching sentiment data is how irrational and angry people get towards the bottom of Bitcoin bear markets. People that are historically aligned often fall into conflicts that wouldn’t exist near tops. The BIP-110 debate increasingly feels like one of those moments. I wanted no part of that. I’ve been publicly cancelled before, and I have no desire to go through that again. I know how painful it is to have an angry crowd criticizing and shaming you, which gives me a strong bias to avoid situations exactly like this one. But I’m pushing against that bias because (for better or worse) I have a novel dataset that offers a unique lens on the BIP-110 debate. I’m going to attempt to keep this unbiased, but before I do, I’m going to lead with what will be my highest-conviction opinion of the entire piece: People like Mechanic and Luke Dashjr understand Bitcoin’s consensus mechanisms better than I do, while Adam Back and Jameson Lopp grasp Bitcoin’s technical nuances more deeply than I ever will. I am not here to pretend I understand these dynamics of this debate better than the people who have spent years studying them. That’s not why I’m writing this. “Then why should I care what you have to say?” Because there is another side of the debate that is also important, and it’s on this side I have a different perspective. The social layer. For those of you new to my work, I’ve been researching the language, narratives, and emotional patterns of different groups throughout Bitcoin. I’ve been (obsessively) studying the emotional regimes and crowd psychology associated with the space. That includes the people now publicly associated with both sides of the BIP-110 debate… and the differences between these groups are striking. I believe I would be doing a disservice by keeping that data to myself simply because publishing it might piss people off. So there will be no paywall on this piece, no call to action halfway through, and I won’t ask you to become a subscriber. I simply want these charts to exist publicly, where anyone can examine them or interpret them differently than I do. I will try to present it as fairly as I can, but I am not neutral, and neither is anyone reading this. People will inevitably see different things in these charts. This data cannot tell us who is technically correct. But it can help us to surface clues about how the debate is evolving, who thinks they are winning, and why I believe one of these groups is currently experiencing an engagement-reinforced narrative environment.
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Adam Longhorn
Adam Longhorn@AdamLonghorn·
@callebtc Hey Calle. Been following you awhile. I like your ‘get to work’ attitude. Hard not to notice a lot of your posts/replies recently are about bip110. I’m wondering if bip110 somehow breaks your product or future dev plans? 🤔 I ask b/c your X activity is out of character.
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calle
calle@callebtc·
c'mon BIP-110! don't lose energy now, we're all rooting for you! it doesn't matter if it doesn't stop spam, it's about sending a message. you can do this!!!
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