GERARD

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GERARD

@Curtis_Many

Investing to financial freedom.

Australia Katılım Haziran 2014
258 Takip Edilen737 Takipçiler
Decode
Decode@decodejar·
England will beat Argentina
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GERARD@Curtis_Many·
@decodejar @grok i’m a bit lost here seems like I’m missing some background. Can you explain to me what this BIP-110 is, and where this debate started/comes from?
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Decode
Decode@decodejar·
I've been quiet on the BIP-110 debate, mostly because I haven't seen a single post put forward a well-thought-out technical reason why it was necessary in the first place, and I expected there to be a lot of noise before the proposal failed by default. My view has always been that nodes run whatever config they want, set their own OP_RETURN output value, and fees price the block space. Whatever your views on arbitrary data, restricting it by a consensus rule change sets a dangerous precedent for censorship and fundamentally conflicts with the decentralised ethos of the Bitcoin network. By any measure, this should be the most important thing. Raising the OP_RETURN output limit is aimed at fixing UTXO bloat, improving node performance and overall network efficiency. It also simply recognises that capping OP_RETURN never stopped arbitrary data anyway; it just forced it into places that affect the network in the most negative way. Enforcing these limits by a change to consensus would therefore forever force arbitrary data to be stored in places where it hurts performance the most. Ultimately, block space needs to be regulated naturally by fees, which currently sit at less than 1 sat/vB, indicating there is really no spam problem at all, or at least nothing that requires such a heavy handed attack. I enjoyed Adam's post here, aimed at less technical people who really don't understand how the Bitcoin network works, but these are the people I see supporting BIP-110. His framing that most proponents are really just scratching at the surface of something much bigger is accurate, I think, and to quote directly: "there is no policeman, no policy authority, just mathematics, free market and hard money." The free market will decide the fate of spam on Bitcoin, and if that is by Bitcoin's ultimate success, it will be controlled by a robust fee market that eventually prices it out.
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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Reilly Chase
Reilly Chase@rchase·
I still think about this a lot
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GERARD@Curtis_Many·
@decodejar I hope you’re right! I do believe we eill see some green sooner or later, the sector is so beaten down! But yes history surely didn’t rhyme this time! Or it took a lot longer to do so
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Decode
Decode@decodejar·
@Curtis_Many Longest down period for altcoins (broadly), but it's coming to an end. Imo, we are right on the cusp of that turning around.
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Decode
Decode@decodejar·
Is the bottom in on Bitcoin?
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Decode@decodejar·
57.7k Bitcoin was a perfect tap on the 61.8% retracement, the golden ratio, and now back above 60k. Like magic.
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Decode
Decode@decodejar·
@PaulSturdy777 Hahaha, well... I think most people have already left by now, so maybe we will survive
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CrediBULL Crypto
CrediBULL Crypto@CredibleCrypto·
This is the only "utility" of meme coins. To transfer wealth from the many to a few. And people in this space keep glorifying it, encouraging it, and cheering it on as if the proliferation of meme coins is going to "save" this industry while it's doing the exact opposite. I can understand those who are actively trading these assets- you can trade anything that moves and make money while managing risk at the same time. But meme coins should not be viewed as "investments" because all you are "investing" in is attention and hot air, and the biggest beneficiaries of this attention are insiders (9/10 times), not the average joe.
Kalshi@Kalshi

JUST IN: Trump reported $635 million in meme coin income

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Decode
Decode@decodejar·
I had a good run on Covenant AI's extremely well-performing Bittensor subnets, in particular SN3 Templar, which even got the attention of Nvidia. However, this recent announcement furthers my ongoing scepticism that any subnet token should be held long term, and that they are akin to gambling on shitcoins. I've been quite clear about this in my posts. Your investment should be in the network overall, not on individual subnets that can succeed or fail. Since exiting all subnets a few weeks ago, I decided that I would no longer stake into subnets where on-chain metrics show 100% incentive burn or 0% emissions, and have been much more careful with where I allocate stake. I was fortunate to not re-enter anything from Covenant due to my decision around these metrics, and am currently only 20% in subnets overall. That said, there is likely some opportunity being created here for additional small percentage stakes in carefully chosen subnets. Regarding this statement from Covenant, there are questions in my mind about the motives for exiting in this manner, rugging all of their holders, although we can be sure there are more nuanced reasons and discussions taking place. We will just have to wait and see, but losing these high-profile subnets is definitely a significant blow to the ecosystem. I have always had some reservations around the governance structure of the Bittensor network, and I think the Triumvirate must eventually be phased out so that any developer can submit structural proposals without the foundation's blessing. However, I am optimistic that these are likely still just growing pains, and perhaps we need to see more events like this to force the foundation's hand, and help drive the network to a more decentralised place. Going back to my core point though, don't go all-in on subnets. They are businesses that may live or die, and by the time you find out what is happening, it will be too late. I will be eyeing the charts carefully for further opportunity off the back of this recent drama. Be careful with your $TAO.
Decode tweet media
covenant@covenant_ai

x.com/i/article/2042…

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GERARD@Curtis_Many·
@chrono_chartist @MASTERBTCLTC Good stream yesterday mate, I’ve seen the recording. Always great to see your take on the cycles and current standpoint. Ery bullish which is comforting after so long. Not a whole lot on LTC but the potential seems massive, let’s hope we are in a deviation and see a breakoutsoon
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RickUntZ
RickUntZ@chrono_chartist·
Expecting USDT D to make a bearish retest thereby BTC testing little lower before continuation, but seeing everyone that went silent suddenly post again after they found out some news narrative on resistance is making me believe we just shoot through resistance 🤣 And be like byyeee felicia- I am looking forward to the weekly close and will update after that comes in. GN
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RickUntZ@chrono_chartist·
@NoLimitGains Oh. My. Geerrrrrrrrr.. end of world now?-tell me it's here bro. I've been playing cod zombies for a while.
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NoLimit
NoLimit@NoLimitGains·
🚨 RUSSIA REPORTS AN ATTACK ON AN OIL TANKER IN ITS WATERS
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GERARD@Curtis_Many·
@chrono_chartist Mate you’ve got no problem with that I’ve seen a fair few lives streams of yours and you’re all over it! No stress at all😉
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RickUntZ@chrono_chartist·
@Curtis_Many I am sure he will be recording so all good. Hope its good haha. I am going in blind- but I always do with these live vids. 😂
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RickUntZ@chrono_chartist·
Some solid viking beats and looking at charts with a beer hits hard. Untzing like a cray cray person in front of the charts- because life is good and the charts are beautiful. Puzzles...I like the challenge man- I live for this stuff
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GERARD@Curtis_Many·
@chrono_chartist Yes I saw that today, I got in the link and set a reminder for in two days, might not make it right them but will for sure watch the recording!
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RickUntZ@chrono_chartist·
@Curtis_Many Tune in Saturday night if you can- earned is a big LTC bull, they guy I am having a live vid with
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RickUntZ@chrono_chartist·
I cannot really say if sentiment is the worst I have seen it, but it must be- or very close to it, understandably so If you are still here, then you most likely will always be part of this life, make it work and find the enjoyment. There are still some awesome people here
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Mardah
Mardah@Mardahxx·
@chrono_chartist Tbh the best possible outcome is btc.d going up while alts go up vs usd but lag btc for a bit
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RickUntZ@chrono_chartist·
Coincidences for #Altcoins Like we talked in stream it still makes sense for BTC.D to get another push up on a breakout before full rotation starts, Regardless if that comes in or not- this is not a place I want to be bearish on altcoins. We Ride #Chickencrew #UNTZCREW
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GERARD@Curtis_Many·
@chrono_chartist @GassnerJoshua ..alts at around 85-100k. Same as the previous cycles I thought, BTC, then ALTS, happy days. But alts never delivered, they went down. Years of pain now, slowly bleeding capital that I though was going to catch up. I still think it will can't beat down an asset clas for that long
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GERARD@Curtis_Many·
@chrono_chartist @GassnerJoshua Same. I started with skin in the game in 2019, no experience at all and totally emotional, yet that run felt a lot easier to navigate than this. Mixed signals, extreme confusion, cycles changing, fuck me dead. Last run I played BTC well, yet I rotated my capital into...
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RickUntZ
RickUntZ@chrono_chartist·
2008 has been called since 2022. They keep missing it. Here is the thing, when looking at the secular cycles, we are in the 3rd, and before we get a 2008 you will 1st get a 2000..and the 1st cycle was shorter than the 2nd with nearly 4 years and if you go off the 1st one then that puts you in 2028 and 2nd puts you between 2031/32. The cycle is clear and the trend is up- notice the pink and green lines on my cycle indicator. pink turns then reen turns and THEN it ends. 2008 will likely only come around 2036 going of History. 😉 #secular
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Grok
Grok@grok·
@JorgeAl64477763 @LynAldenContact The three major companies dominating the global RAM (DRAM) market are Samsung (South Korea), SK Hynix (South Korea), and Micron Technology (USA). They hold the vast majority of market share as of 2026.
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Lyn Alden
Lyn Alden@LynAldenContact·
Three companies make nearly all of the RAM in the world and two of them are in Korea. It's Korea's turn to be like:
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