Zian

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Zian

@CelestialNexuss

Price is what you pay. Value is what you get.

DreamLand Katılım Ekim 2024
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Leonidas 🧡 $DOG
Leonidas 🧡 $DOG@LeonidasNFT·
I am very excited to announce the launch of a new open source Bitcoin client called Bitcoin $DOG Mode. Bitcoin Core and Bitcoin Knots have spent years enforcing rules that Bitcoin itself does not have. A transaction can be fully valid under consensus and still be blocked from normal relay because it is “non-standard”. This has resulted in the creation of a private “black market” for Bitcoin transactions where insiders with connections to miners get do things that ordinary Bitcoin users cannot. The $DOG Army has already gotten around this system twice. First we went directly to miners to execute the largest transaction in Bitcoin’s history because Bitcoin Core would not relay it. Then we did it again for the largest airdrop in Bitcoin’s history because of Core’s arbitrary 83-byte OP_RETURN limit. Around the same time, the Runes Protocol had grown so popular that memecoin activity accounted for the majority of transactions on the Bitcoin network. Many of these transactions also went directly to miners to bypass Core’s minimum relay fee. Core realized it had been outmaneuvered and in response they released Core v30 which removed the OP_RETURN limit and lowered the default minimum relay fee to 0.1 sat/vB. This revealed a clear pattern. The $DOG Army could route our “non-standard” transactions around Core, miners would accept them, and then Core was eventually forced to give in. The $DOG Army is done asking for permission. It is time to remove even more of these frivolous restrictions. That is why we are starting an open source initiative to develop our own Bitcoin client called $DOG Mode. When using Bitcoin in $DOG Mode: 1. The maximum standard transaction size will be increased from 400,000 WU to 3,900,000 WU. This will give everyone equal access to do “four meggers” while leaving a generous 100,000 WU of space for the coinbase transaction and block overhead. 2. The global dust limit will be lowered from 294-546 sats (depending on output type) to 1 sat. Ordinals inscriptions and Runes UTXOs are currently forced to carry hundreds of unnecessary sats to appease Bitcoin Core. This will remove the need for “padding” and effectively airdrop ~$25M in locked up sats back to the Ordinals and Runes ecosystem. Unlike Bitcoin Knots, which deviates significantly from Bitcoin Core and introduces substantial risk to node runners, Bitcoin $DOG Mode aims to only change the absolute minimum code necessary to remove these two restrictions. And unlike BIP-110, which attempts to change Bitcoin consensus through a network fork, $DOG Mode operates entirely within Bitcoin’s existing consensus rules and does not require a fork. This ensures that $DOG Mode can be successful from day one. Over time the economic incentives will drive $DOG Mode’s adoption and force Bitcoin Core to stop gatekeeping and allow these completely valid transactions. The result will be a more open, fair, and transparent Bitcoin network. If you are a Bitcoin developer who is interested in contributing to the initial $DOG Mode release, please reach out to me. If you are a Bitcoin miner who is interested in increasing your revenue by adding support for $DOG Mode transactions, please reach out to me. If you are a normal Bitcoin user who wants to support $DOG Mode quote post this with: “I will run Bitcoin in $DOG Mode”
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Michael Saylor
Michael Saylor@saylor·
There are 110 things more dangerous to Bitcoin than spam. BIP 110 turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions. That precedent is the danger. We should save our energy for threats that really matter. $BTC
Adam Back@adam3us

On the filter fork topic. I don't usually have time, but this morning listened to one of the twitter spaces from earlier in the week, with some well meaning relative bitcoin newcomers, that humanized them, and their concerns and thoughts for why they thought that made it logical to support 110. My feeling after listening, is if these are the people with #110 in their handles, I'm sad to see them about to fork off and get disillusioned without understanding why bitcoin rejected 110 robustly. So here's a more empathetic, constructive higher level version of explaining why not. I hope it's high-level and first-principles enough that everyone can follow. They seem to want to understand what makes people tick, and are suspicious of intent. So, if someone asked me why is Bitcoin important and what is it, I'd say my (personal) mission and hope for bitcoin is to build the cypherpunk future, that "Snow Crash" was a blueprint, and work backwards from there. Bitcoin I hope leads to fully free markets via bearer unseizable, hard mathematically dependable money. Not everyone is comfortable with that level of freedom, but that's my view. And at this point, I believe that surprisingly, even now many governments have come to understand and value bitcoin's gold-like mathematical assurance, a positive development. Others may have milder views than myself, but still like hard censorship resistant money. Because of motive suspicion, if it's not obvious: I hate spam with a passion, that's how I came to design hashcash while researching decentralized bearer money with others, and running nodes in privacy related cypherpunk p2p networks nearly three decades ago. People seem upset about the default op return policy change in bitcoin. I will just assert, there are extremely robust and simple reasons for bitcoin changing default relay policy, and most just didn't do their research, so don't know what those are, or maybe not technical enough to fully understand though there have been 1000s of posts trying to explain in various simplified ways. So that lack of understanding lends itself to shared build-up of false narratives. So here's my back-to-basics higher level explanation. The decentralization needed to create cypherpunk money has implications a: side effect of decentralization is that you can't impose your views on others. The very decentralization mechanism that helps that, is working against what BIP 110 wants, which at it's most basic is a quest to police other people. I understand supporters don't see their intent like that, but introspect deeper. You can modify your software, but not anyone else's. Another critical and incredibly robust technical bitcoin immune system is bitcoin can't have people who don't understand technology basics insist on eroding security, decentralization robustness and core properties. That would end badly, fast, and so people will fight you on that. So the message is Bitcoin respectfully says "no" to what you want. Sorry, and bitcoiners do genuinely understand and empathize that you mean well, have high level thoughts that make emotional sense, and articulate sensible bitcoin-defensive high level ideas, but they are not grounded and without you seeing it, the way you propose to achieve your ideas, hard-conflict with free cypherpunk permissionless money. My advice is to listen to more experienced people who understand the system and why it works the way it does, to whatever detail you want to understand the grounded reasons for why this is the implication of decentralization and cypherpunk money. I guarantee you the developer and protocol ecosystem shares and exceeds your views on bearer hard money (and dislike of spam). You may not agree with individual developers choices, views, way of expressing themselves etc, BUT you also need to understand the IETF-like decentralized technical consensus process creates a protective change resistance, that is highly effective at protecting bitcoin mission. The implication of which is no developer can change anything without technical consensus from hundreds of other developers and protocol observers who are pedantic and extremely knowledgeable clever people who won't let any unaddressed technical question past. The protective change resistance is robust and decentralized in an amplifying way because of this technical consensus. And the many highly technical mainline developers' cypherpunk mission mindsets are probably far more determined than you can even handle on clarity of understanding and views about freedoms on permissionless networks, as many of you are probably still subconsciously inured by the matrix, where they have transcended that, and grew up immersed in it decades ago. They think natively in this space, while you are just grappling with the surface. Many wont have internalized or have the experience to know how this internet physics works, where there is no policeman, no policy authority, just mathematics, free market and hard money. That has implications for your views also, unfortunately. Now the tough pill, which is unfortunately true: If you won't listen to reason, educate yourself, learn, the same radical freedom applies to you: your permissionless recourse is to club together and create a fork. But bitcoin won't be joining it. (With respect and no sleight intended.) Please rejoin bitcoin now, or later if you're not convinced and need to experience 110 forking off and fizzling for yourself to start that journey of introspecting and learning. It would be sad if bitcoin lost people disillusioned due to simple lack of understanding of what's going on there, we're all trying to defend bitcoin and keep it on mission. Including btw the 110 technical promoters, just they wandered off plot somehow. Join the cypherpunks on bitcoin, come cypherpunk summer🌞 in a few weeks.

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Leonidas 🧡 $DOG
Leonidas 🧡 $DOG@LeonidasNFT·
Yesterday I debated Fred Krueger and his BIP-110 simps and here is what I learned 🧵 1. They immediately conceded that BIP-110 does absolutely nothing to stop Ordinals and Runes. That surprised me, but I give them credit for being intellectually honest on this point even though it completely undermines the original value proposition of BIP-110. 2. Fred and his friends seemed unequipped to have a substantive technical discussion and lacked a fundamental understanding of how Bitcoin works. At several points, we talked past one another because they did not appear to understand the distinction between consensus rules and standardness rules. 3. The extent to which BIP-110 supporters appealed to authority genuinely shocked me. Their argument largely rested on the idea that allowing people to write offensive things about figures such as Xi Jinping or Elizabeth Warren could create obstacles to Bitcoin adoption. The mask came off when Fred said "I don’t think the Bitcoin network should be used for free speech". It became clear to me that this group represents one of the least cypherpunk factions ever to be involved in Bitcoin governance discussions. 4. I found it morally objectionable that they invoked the sexual exploitation and trafficking of children to score points in a debate. It was largely irrelevant to the discussion and was designed to provoke an emotional response from the listeners. The same tactic has been used by people seeking to censor Bitcoin in the past who point to terrorism, drugs, or other horrific conduct, then use those examples to justify restrictions on everyone else. Ironically, this is the same template nation states use to centralize power and erode individual freedoms. At a minimum, I find it to be deeply odd behavior for boomers to sit around on X spaces all day discussing child sexual exploitation. The fact that they seemed so focused on and knowledgeable about this specific topic was concerning to say the least. 5. Fred became most agitated when I pointed out that for the past year he has promoted down only ponzi paper Bitcoin products to his audience rather than teaching them how to hold and self-custody actual Bitcoin. He also seemed uncomfortable when he asked me how $DOG had performed since its all-time high and I responded that it had significantly outperformed the hundreds of Pump Fun memecoins he has launched on Solana, something many of his followers appeared unaware of. 6. What surprised me most was how concerned they seemed about the success of $DOG as the #1 memecoin on Bitcoin. They appeared deeply bothered that Bitcoin memecoin activity has accounted for more than half of all Bitcoin transactions over the past three months. To me that is simply an indictment of how miserably they have failed to drive adoption of Bitcoin's monetary use case. Rather than confront the consequences of allowing institutions to pillage the Bitcoin ecosystem and turn everyone into paper Bitcoiners, they have invented a new boogeyman to chase, the $DOG Army. 7. Overall Fred came across as an opportunist who jumped onto BIP-110 at the final hour to generate some engagement. I vividly remember Fred posting in support of Ordinals and Runes just a year ago. In fact he used to be an Ordinals collector himself. My prediction is that within three months "BIP-110" will disappear from his name and he will move on to the next grift. That is what people like him tend to do. I'll end by saying that I respect Fred for agreeing to debate me, something that no other BIP-110 supporter has been willing to do. At least he was willing to have the conversation, even if he ended up getting embarrassed in his own space, in front of his own audience by a shitcoiner with a skull PFP. Given how that debate went, I'm not expecting a long line of BIP-110 supporters eager to face me, however if anyone believes they can present the pro-BIP-110 position more effectively than Pump Fun Fred, I will happily debate them live on X Spaces at any time.
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Zian@CelestialNexuss·
@Cypherrr93 @beniaminmincu By your logic,any project can say anything,promise anything,and bear zero responsibility.That's not investing. That's a blank check for fraud. No obligation to disclose risks? Most regulated markets disagree.But sure,let's normalize projects bearing zero responsibility for outco
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Zian
Zian@CelestialNexuss·
@the_economystic @beniaminmincu True. But risk management assumes accurate information. What risks did Multiverse X actually disclose?
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Stephen S.
Stephen S.@the_economystic·
@CelestialNexuss @beniaminmincu such a sharp crew of investors who rekt themselves so badly they can't afford $5 coffee. Sounds like speculators to me. Investors cover their risks.
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Leonidas 🧡 $DOG
Leonidas 🧡 $DOG@LeonidasNFT·
My thoughts on BIP-110 and the "anti-Ordinals movement" that will attempt to fork the Bitcoin network in August 🧵 The greatest threat to Bitcoin is neither Ordinals nor Runes It is the pervasive and dangerous ideology that took hold after the Blocksize Wars that using Bitcoin L1 is bad Starting in 2017 a bunch of lunatics in the "Lightning ecosystem" hijacked Bitcoin and psyoped everyone into believing that making transactions on Bitcoin L1 was somehow immoral and harming children in El Salvador Fast forward nearly a decade and here are some of the downstream effects of telling everyone to stop using Bitcoin L1 A catastrophic amount of time and resources were wasted building a now obsolete and failed "Lightning Network" Bitcoin has now been infiltrated by feds and bankers who have normalized not only paper Bitcoin but Ponzi scheme treasury company versions of paper Bitcoin When you joined Bitcoin a decade ago you were taught how to self-custody When you join Bitcoin today many of the top "leaders" tell you to buy pump and dump Bitcoin proxy scams trading anywhere from 2x to 100x NAV The vast majority of "Bitcoin maxis" have never even used Bitcoin L1 and are technically illiterate having no idea what a UTXO is The biggest joke of all is that discouraging people from using Bitcoin L1 created the low-fee environment which allowed the data storage use case to take root It is laughable that BIP-110 claims "data storage competes unfairly with payments" You can transfer billions of dollars of value on Bitcoin L1 in roughly 200 bytes yet Bitcoin maxis failed so badly at creating demand for block space that it became economically viable for artists to store 4 megabyte JPEGs while competing fairly in the exact same fee market BIP-110 is by far the least cypherpunk proposal by the least cypherpunk group of people in the history of Bitcoin They have completely lost the plot Instead of coming to terms with the consequences of their own decisions they are attempting to introduce radical levels of censorship to a network whose entire value proposition is censorship resistance There are no words to describe how fragile someone's ego must be to blame artists for using a low-fee environment created by your own reckless decisions It is not a coincidence that 67.9% of all Bitcoin transactions this week were Ordinals and Runes While the Bitcoin maxi movement is completely going off the rails We are the ones who actually use the Bitcoin network We are the ones who secure the Bitcoin network by paying fees We are the ones who understand the Bitcoin network at the deepest technical level We are the ones who denominate in Bitcoin and actually use Bitcoin as money every single day We are the ones who self-custody our Bitcoin and carry on the ethos of "not your keys not your coins" We are the real Bitcoin maxis now There is nothing more cypherpunk than running your own node and ripping some JPEGs onto a censorship-resistant network regardless of how unpopular it is Satoshi's first act on Bitcoin was to inscribe data We are simply carrying on the torch Because the prior Bitcoin maxis have failed so miserably the Ordinals and Runes enjoyers have become the new Bitcoin maxis We will make self-custody cool again We will make experimenting on Bitcoin fun again We will get people to use Bitcoin as a medium of exchange again We will educate people and make Bitcoiners technically literate again We will secure Bitcoin by creating a robust fee market and high demand for blockspace again We will purge Bitcoin of the feds and bankers who have infected it like a disease and that starts with defeating the BIP-110 fork in August I am calling on all $DOG soldiers, all Ordinals enjoyers, and all Runes degens to band together and fight against this BIP-110 cancer that is hell-bent on destroying the Bitcoin that we know and love If you are against BIP-110 and agree that Bitcoin should remain censorship resistant show your support by quote posting this with "Defend permissionless blockspace. Reject BIP-110." and be sure to repost all quote posts Long live Bitcoin Long live Ordinals and Runes
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Zian@CelestialNexuss·
$DOG
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Coin Bureau
Coin Bureau@coinbureau·
⚡️VIRAL: THE BTC VS. ETH DEBATE IS GETTING A LITTLE OUT OF HAND An AI-generated clip featuring Michael Saylor and Tom Lee is making the rounds.
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Pudgy Penguins
Pudgy Penguins@pudgypenguins·
Everyone who says ‘Pengu Morning’ below will be going on a very special list.
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Michael Saylor
Michael Saylor@saylor·
A good time to add more dots.
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Wabo
Wabo@0xWabo·
Two of my favorite IPs on Abstract are @godthedogabs and @absterxyz If you're silver or gold tier and didn't qualify for the Multicycle Roaches mint, but hold at least $5 of either $GOD or $ABSTER, drop your @AbstractChain wallet address below, and I'll send many of you a roach NFT (must have already been holding before this post).
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Wabo
Wabo@0xWabo·
Free NFT mint on Abstract starting in about 1 hour 🚨 Here's more info on the Multicycle Cockroach NFT mint 🪳
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