Keysa

“The Simplest Bitcoin Book Ever Written” is as relevant today as when it was first published in 2022, with the second edition published in 2024. One of the best bitcoin primers out there, if I say so myself 😂 Free download at the link below ⬇️

@GreaserRichard @asanoha_gold Yes but only because they intend/hope to make faaar more selling it later on lol

@asanoha_gold Actually they spend money to put arbitrary data on chain

They make money by putting arbitrary data on your node, of course they don’t like BIP-110. That really sums it up right there.

Café Bitcoin is BACK. Starting tomorrow, 10am ET. Old friends, OGs, builders, educators, and a new generation of Bitcoiners. Pull up a chair. We've got a lot to catch up on. Set a reminder: x.com/i/spaces/1rGmq… 🙏🧡

@crypt0e Links?

There are multiple BIP-110 supporters currently crash crashing out. It's hard to look away.

@MarcanoFilms Followed there

I don’t know much about Nostr but here’s my thing npub1sfmtqhjcu6n39aqkzq85yewql5n8rpsthrm3jl4r32gunvvy0eds8tkjm7

@ProofOfMoney Adding cost *is* effective tho, it *will* decrease spam production, esp over time if the cost is re-enabled in some way after 110 expiry. And more importantly signaling that bitcoin doesn’t welcome spam is needed if so many agree it isn’t (and anti-110’s keep saying they agree)

@ProofOfMoney @CryptoC55924656 It is TEMPORARY, whatever it disables is re-enabled in 12 months

@ProofOfMoney @CryptoC55924656 BIP110 is temporary

@theinstagibbs @L0RINC So why was it rushed?

@L0RINC There's actually no rush indeed.

Absolutely non-binding statement, but a read of the Bitcoin Core project as a whole on the subject. gist.github.com/instagibbs/c43…

@Excellion @hodlonaut @adam3us Then it’s a pointless comparison and he is affinity-scamming with his comments on that, thinking ppl will see “IETF” and blindly assume core’s consensus process is “good/good enough” and not question further.

@SimplestBTCBook @hodlonaut @adam3us Adam does not say Core uses IETF, but he refers to rough consensus as IETF-like.

@surferjimw 🧡

@SimplestBTCBook Everything is art when viewed from the right perspective, isn't it.

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@RobinSeyr That wasn’t the polarizing part :)

I really didn’t think it would be so polarizing to say „Attack ideas, not people“

@LorenHodl Depends on if you’re a suitcoiner/compromised/VC grifter/paycheck depends on Bailey/Saylor Et al… or a pleb/not compromised/here to separate money from state etc

Is BIP110 a good idea? 🤔

@DrStarHeartsong x.com/simplestbtcboo…

Bitcoin is supposed to be simple. Yes on BIP-110. A shared ledger. That’s it. Peer-to-peer electronic cash that anyone can verify. The intellectual appeal was never complexity or feature bloat. It was purity. Like early Unix: small, clear, powerful, and understandable. Something an individual could actually reason about and run. Right now the full blockchain is just over 750 GB. A few years ago, before the inscription wave started in late 2022 and early 2023, it was roughly 450 GB. The extra weight is not free. Every full node has to carry it forever. The people stuffing JPEGs and arbitrary data onto the chain pay a fee once. Everyone who wants to keep verifying the ledger pays in disk, bandwidth, and time for as long as they run a node. This is a slow tax on the exact people who make Bitcoin different. Ordinary individuals running commodity hardware. When that gets harder, verification concentrates. What remains trends toward professional operators and institutions. That is how a system that started as sovereign money drifts toward something more captured. Bitcoin was not designed as a general data host. It is a monetary consensus ledger. The beauty was in the constraint. Scarce block space. Clear purpose. Anyone can check the rules themselves. Once we treat the base layer as a permanent public hard drive for whatever content people are willing to pay to embed, we lose the simplicity that was the original intellectual draw. There are many beautiful, simple systems in the world. Unix is one. Bitcoin was supposed to be another. Adding permanent JPEGs and random data does not make it more powerful. It makes it heavier, messier, and harder for normal people to verify. That is not evolution. It is accretion. BIP-110 is a temporary, narrow intervention. It limits the main pathways for large non-monetary data for about a year. It does not touch existing coins. It does not rewrite history. Normal payments continue. It simply slows the externalization of costs onto the people who actually keep the ledger honest. The real question is not technical. It is about what we want this thing to be. A clean shared ledger that ordinary people can still run and verify, or a progressively heavier system whose verification layer quietly consolidates. Simplicity was the appeal. Purity was the point. Protecting the conditions that let regular people participate in verification is how you keep both. That is the case for BIP-110.

@adam3us @adam3us will you ever respond to this?

@adam3us With all the respect I used to have for you, I find it quite fascinating that you feel sorry for people you think have been misled when you still haven’t responded to these .. if you have pls point me to it x.com/simplestbtcboo… x.com/simplestbtcboo…

Ponder this: If BIP110 was a nothing burger, why are Back, Saylor AND Bailey wasting so much time on Twitter fighting it? What are they so scared of? A temporary soft fork designed to provide a breather for bitcoiners to consider better spam mitigation, what is so terrifying?

Who controls Bitcoin?

The most obvious reason it doesn't matter is because bip110 expires after a year The less obvious reasons are 1) ln-symmetry doesn't require the taproot annex, opreturn could be used instead (or some other more elegant construct in a future softfork) 2) ln-symmetry requires other consensus changes that would need to build consensus, so almost certainly won't be already active by the time bip110 expires (ctv has taken 5 years already and isn't blocked by bip110, csfs could be activated alongside it during bip110, then it would automatically become usable once bip110 expires) Point is, people who claim bip110 blocks ln-symmetry in any way are lying through their teeth, or just don't know what they're talking about

This is an amazing post, long but well worth reading and doesn't seem to be AI generated. PoW unlike Saylor's.

Having a feature that looks like it's intended for non-financial content may be a much larger legal risk than having a feature intended for financial transactions that is subverted to post non-financial content. It's not "all just bits" in the eyes of the law. Caveat IANAL. A feature that looks like it's intended for non-financial content also sends a strong social signal that non-financial content is welcome on Bitcoin.