SmartContract.Codes

I do enjoy pointing out that Andy Back had no idea what proof of work would ultimately be used for and still hasn't figured it out. It is *not to prevent spam* - Satoshi didn't use it for that purpose at all. It is to make it difficult to rewrite history. That's all. You can still fill up the historical record with junk data if you want, the same way you can doodle on any ledger or journal. The point is that people can't (easily) go back and rewrite it after the fact - making doodles/junk data far more important to prevent in the first place due to the fact that they can't be gotten rid of and everyone has to verify and store them forever. Early Bitcoin was characterized by an instinctive aversion to those who would use it as free cloud storage, everything was done to prevent it from occurring, and not once did anyone cite irrelevant aspects of Bitcoin like the network imposed difficulty required to mine a block or the limit of block sizes as being sufficient or even somehow related to prevention of spam. It should be extremely obvious to all that the highly lauded cypherpunks in this space are attempting to put Proof of Work back in the anti-spam category where it laid dead as a mechanism for fixing email until Satoshi realized that it could be used usefully to solve a different problem entirely while spam remained an unsolved problem that would be countered on a best-effort basis and treated as a moving target like it is on every other protocol.

This is a wild and concerning trend for Bitcoin. This is far worse than I had realized. This is a list of all the major public Bitcoin miners. ALL have made statements to pivot to AI. ALL are targeting major shares of revenue from AI from here, not Bitcoin. On average current Bitcoin revenue is expected to drop from 90% to just 30% in the next 2-3 years! Do you see a pattern? The stocks doing the best in recent years all jumped into AI big time. Those with 80%+ AI share of revenue targets saw their stocks climb up over 500% on average. Those targeting <60% AI revenue saw 1/10th the growth, with many having negative 2 year returns. The message is clear. If these numbers are even half accurate, and they are based on direct company statements, the energy and commitment to Bitcoin is under significant threat over the next 2-3 years. All while Quantum computing is taking off and poses an existential threat to Bitcoin unless we change the code. Many of these miners are not even planning to upgrade or renew Bitcoin mining hardware at all, simply running out lifespan of the existing and reinvesting only in AI. The market has been voting with its feet. Now the miners are voting with their feet. Just as Bitcoin is about to approach its biggest ever threat in the coming years, the backbone of its security is leaving the industry. Bitcoin used to be famed for having the biggest computing network in the world. It's now collapsing into AI at record pace.

Core culture and ideas is slowly turning Bitcoin into a big clunky conglomerate that goes out of its way to compete with Shitcoins that pose no threat to Bitcoin. Knots culture and ideas plays to Bitcoin's strength & competitive advantage as Sound Money. Run Knots + BIP-110✊

Step, the teen banking app recently acquired by MrBeast, has made private a series of videos from 2022 that coached minors on persuading parents to buy cryptocurrency.

You either entertain the "they are stupid" theory, or look for something else that makes sense. This is a plausible explanation for the US-Iran war, which also takes into consideration the Ukraine-Russia situation, as well as the raise of China, in a conext where the US is struggling to regain international leverage.