David Noriega

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David Noriega

David Noriega

@BlueDavid

Full stack developer. Entrepreneur. Bitcoin Maximalist. Ancap. Ex-3HO cult. Genealogist. Fully bi-cultural and bi-national MEX/USA.

My mind Katılım Nisan 2009
160 Takip Edilen2.4K Takipçiler
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MacronautBTC
MacronautBTC@Macronaut_·
If you support Bitcoin BIP110, please answer the poll as to how long you have been in #bitcoin:
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Camina Drummer
Camina Drummer@CaminaDrummer4·
This is a replay of the block size war once again — with all the CEOs and influencers wanting to make Bitcoin shitty, and all the Bitcoiners opposing them.
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David Noriega
David Noriega@BlueDavid·
@scottmelker There are limits to shorting. I learned this when Bill Gates said he would short Bitcoin if he could. But he couldn't even when the market cap of Bitcoin was much lower than today.
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The Wolf Of All Streets
The Wolf Of All Streets@scottmelker·
Duke Professor Campbell Harvey explains why a 51% Bitcoin attack has become profitable and feasible today "Why would you spend billions investing in mining equipment, take over the network, but then the price of Bitcoin collapses to zero, so you spend all this money to get nothing? The only way to justify it was a nefarious geopolitical entity, a country or organization wanting to do havoc, thinking it might spill over into the main financial system. That's the only way it made sense until a couple of years ago" "The difference today is the derivatives markets, these markets are highly liquid. What you want to do is simultaneously during the attack take a short position in Bitcoin, and with a short the ideal outcome is if the asset goes to zero. You'd have to do this offshore because it's blatant market manipulation, but it's feasible to launch a profitable attack. I contrast this with gold, there's no risk I can think of that the price of gold goes to zero"
The Wolf Of All Streets@scottmelker

How Bitcoin Can Be Killed For $8 Billion – Duke’s @camharvey 00:00 Intro: 02:34 Why No Recession? 03:10 The Yield Curve Still Works 07:38 Bitcoin & Satoshi’s Vision 10:40 Future of Tokenized Assets 12:15 Bitcoin as a Store of Value 15:00 Why Bitcoin Is Volatile 18:18 Bitcoin vs Gold 20:10 Bitcoin Drawdowns & Recoveries 22:24 Crypto Speculation Is Declining 24:18 $8B Bitcoin Attack 28:25 Ethereum vs Bitcoin Security 32:25 Profiting From a Bitcoin Attack 34:00 Why Alts Stopped Winning 36:52 Tokenized Assets vs Crypto 41:18 Bitcoin Isn’t Digital Gold 42:48 Future of Money 45:20 Future of the Fed 47:50 AI Agents Need Crypto 50:30 Final Thoughts

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David Noriega
David Noriega@BlueDavid·
@1914ad The big liars of Bitcoin.
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David Noriega
David Noriega@BlueDavid·
@88_sats That's ok, your node also accepts BIP110 signalling blocks.
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Jor 🦆
Jor 🦆@88_sats·
@BlueDavid I run a node and I agree with him. It's a waste of time and energy. But it is teaching Bitcoiners some valuable lessons, so it's not all for nothing.
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Johnny Wilkins
Johnny Wilkins@wilkins_jo52699·
I read his entire post so you don't have to. Classic case of 'intellectual intimidation'. A whole lot of nothing was said, 'appeal to authority, 'you're too dumb to get it', 'trust me', etc. However in this day in age with AI, we can all ask questions and do our own research. Adam Back is a grade A/opportunist/grifter/moron. 😂
Johnny Wilkins tweet media
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Loren HODL™️ 🔆
Loren HODL™️ 🔆@LorenHodl·
As the dust settles on the BIP-110 debate, it’s becoming clear that this particular proposal is unlikely to achieve the miner signaling needed for activation. Whether you supported it as a necessary defense of Bitcoin’s monetary focus or opposed it as an overreach that risked innovation and chain stability, one thing is certain: the conversation revealed deep passions on all sides. Importantly, this debate hasn’t soured my view of the vast majority of Bitcoiners. On both sides I see people who care deeply about the network’s long-term health, decentralization, and success. We all want Bitcoin to thrive as sound money, a robust settlement layer, and a tool for financial sovereignty. Disagreements on the best path forward are natural in a permissionless system like ours; they’re a feature, not a bug. Now is the time to look ahead. If (or when) BIP-110 fades, we should focus on recouping, healing, and reuniting around our shared mission: building and growing the Bitcoin network. That means: • Continuing to run and support full nodes for a healthy, decentralized base layer. • Innovating responsibly: whether that’s improving scalability solutions, enhancing privacy, expanding Lightning, or developing practical monetary use cases that respect block space realities. • Engaging constructively across divides instead of deepening them. Bitcoin is bigger than any single proposal or faction. • Prioritizing education, adoption, and infrastructure that makes Bitcoin more useful and accessible for everyday people and institutions alike. Bitcoin has survived far greater challenges through its history by sticking to first principles and adapting as a living system. Let’s channel the energy from this debate into positive action. The best way to “win” is to make Bitcoin stronger, more valuable, and more antifragile together
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David Noriega
David Noriega@BlueDavid·
@rleder Its going to be a learning experience for the new bitcoiners like yourself when BIP110 activates.
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Rob Leder
Rob Leder@rleder·
There is no “share of the network”. Nobody cares what you reject. Miners are perfectly happy to let 5000 plebs with 20000 nodes and 1000 Bitcoin between them fork the hell off. Particularly since they know they’ll all come crawling back an hour after their chain stalls. I hope this ends up being a learning experience for you people, but I suspect you’ll just be screaming about how Bitcoin is “captured”.
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David Noriega
David Noriega@BlueDavid·
A node verifies that transactions and blocks are valid. It filters and rejects invalid ones. Come this August, BIP110 nodes are going to reject non signaling blocks. The more BIP110 nodes are running and have a larger share of the network the more miners that don't comply with mandatory signalling risk a costly stale block.
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Rob Leder
Rob Leder@rleder·
The only thing your node does is allow you to be sovereign over your own money. You can check your holdings and broadcast your transactions without depending on a third party. The only reason not to shut the stupid thing down when you aren't using it for these things is so you won't have to wait for it to sync the chain before using it again. Your node isn't a "vote". Bitcoin isn't a "node democracy". Where did you guys all learn this nonsense??
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Scott Wolfe
Scott Wolfe@ScottAWolfe·
Thank you! Yeah, we need to acknowledge that the concerns are real and to discuss which ones are due to misperceptions and which ones are legit. We can then also act accordingly, including more public pressure on Core to open up and engage. We need to exhaust those avenues before we escalate, IMO.
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Scott Wolfe
Scott Wolfe@ScottAWolfe·
To all #BIP110 supporters, I’ve listened to a lot of your diverse concerns and I want you to know that I empathize. I disagree with the proposed “solution” (this BIP, at this point in time) but I want you to know that I hear you and I believe that the majority of you are just trying to do what you believe is best for the long term evolution and growth of Bitcoin and $BTC as the world’s best money; the people’s money. Even if we disagree on the BIP, we have far more in common than that which separates us. Let’s keep the lion’s share of our time, energy and righteous rage for the perverse, broken systems and institutions that we are trying to disrupt and dismantle. One love (Bitcoiners)!
Scott Wolfe tweet media
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David Noriega
David Noriega@BlueDavid·
@growthlimits Its removing "functionality" that was added in late 2022 by Core, functionality that allows spam through the taproot inscription bug. BIP110 fixes that mistake, so not really a protocol change, but a fix.
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Penia
Penia@growthlimits·
@BlueDavid Its removing functionality with a consensus change. This is a protocol change. Whether its good or bad is for you to deside but its a protocol change still.
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David Noriega
David Noriega@BlueDavid·
What Lyn seems to be missing is that BIP110 is not a protocol change, but a correction to fix the mess that Core has done. We are getting Bitcoin to be how it was in 2022.
Natalie Brunell ⚡️@natbrunell

"The current proposal still lets those things into Bitcoin - it just slightly increases the cost of doing so." The protocol debate is heating up and the messaging around BIP 110 has gotten harsh and confusing so I asked @LynAldenContact for her honest take. What's actually being debated, why she's wary when changes get pushed fast, and whether any of this is an existential threat to Bitcoin.

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David Noriega
David Noriega@BlueDavid·
@PeetXBT Care to explain what is the new consensus rule that BIP110 supposedly adds?
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PeetXBT idfk
PeetXBT idfk@PeetXBT·
@BlueDavid Wrong. Bip110 literally adds a consensus rule that has never existed on bitcoin before. You should stop listening to podcasts and at least look at the technical aspects that the bip introduces. At least use a LLM to explain it to yourself if you don’t understand it.
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David Noriega
David Noriega@BlueDavid·
@bitcoindudebro @steverabinow Of course I understand the differences you state. That is why BIP110 is requiring miners to signal for BIP110 readiness come early August.
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Bitcoin Dudebro 3.125 ⚡️🇬🇧
That's not correct though. Do you understand the differences between node-local relay policy for transactions and network-wide consensus rules for blocks? It seems like you would like to pretend that a change to one can be undone by a change to the other! I run multiple nodes, including Core and libbitcoin, and I've also been developing a new consensus implementation called Hornet.
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David Noriega
David Noriega@BlueDavid·
@mattkratter I was very perplexed at Greg Maxwell's comments regarding Knots/BIP110. Now I understand why. What a huge disappointed. Tis the season of hero slaying.
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Matthew R. Kratter #BIP-110
"Why won't Adam Back answer questions about Christopher Cook and Blockstream's 20% yields paid to investors?" "We feel that Adam Back has misled the public grossly on the collapse of his SPAC deal. Cantor Equity Partners I (CEPO) and BSTR, Adam Back’s Bitcoin treasury company, announced they won’t complete their stock merger under the agreement signed July 16, 2025." "What happened behind the scenes? The primary reason Adam Back’s stock market listing failed was the serious allegations of fraud, conflicts of interests and undisclosed related party transactions that were brought to light by us. Furthermore, sources state that BSTR and Adam Back were non-communicative, refusing to do conference calls with large investors who were raising concerns about fraud and Christopher Cook." Full article in the reply
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David Noriega
David Noriega@BlueDavid·
@bitcoindudebro @steverabinow It "changes" the protocol to how it was before in 2022, so its actually a fix, not an actual change to something new. What implementation do you run in your node?
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Bitcoin Dudebro 3.125 ⚡️🇬🇧
@BlueDavid @steverabinow Yes I run a node. They agree with you on what? You've made an assortment of claims, starting with the notion that BIP-110 doesn't change the Bitcoin protocol! Of course it does, that's the point of it!
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MIRA BIP-🍿🍿
MIRA BIP-🍿🍿@MiraReserve·
@flaming_hodl What signal? A Bitcoin block? It will be a real signal only when it is a bip110 block that is incompatible with bitcoin nodes, forking off to Lukechain. Until then it is a... bitcoin block. Good luck with that though!
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David Noriega
David Noriega@BlueDavid·
@bitcoindudebro @steverabinow Do you run a Bitcoin node? 14000 node runners agree with me. 1% of hashrate is signalling already. I mine with ~200PH. You?
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