Bitcoin Dudebro 3.125 ⚡️🇬🇧

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Bitcoin Dudebro 3.125 ⚡️🇬🇧 banner
Bitcoin Dudebro 3.125 ⚡️🇬🇧

Bitcoin Dudebro 3.125 ⚡️🇬🇧

@bitcoindudebro

Senior Principal Engineer, Inference Systems @Arm. Ex-{Microsoft, Google} Hornet Node @hornetnode

Playa del Rey, Los Angeles Katılım Haziran 2009
993 Takip Edilen1.1K Takipçiler
Gary Stevenson
Gary Stevenson@garyseconomics·
The Golden Age of Capitalism happened when tax rates were extremely high on the very rich. It's no coincidence.
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Jeff Swanson
Jeff Swanson@theswansjr·
For a 22-year-old creating a $5,000 emergency fund: 1 - Put it in a savings or money market account 2 - Put it in a brokerage account in the S&P 3 - Put it in Bitcoin (cold storage) 4- Put it STRC What would you recommend?
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Bitcoin Dudebro 3.125 ⚡️🇬🇧
In that scenario, the 110 chain would already be massively behind on cumulative work, and even if majority hash did irrationally switch to mining on top of the weaker fork, it still would 't become the heaviest chain for many more months, during which time it's not the Bitcoin chain. Just delusion.
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₿randon BIP-110
₿randon BIP-110@BitcoinJed1·
I'm pretty sure BIP110 activiation is going to be a max pain scenario for all: It intially fails to get majority miner support and appears to be dead on arrival but still moves forward with getting a few blocks mined. It looks like it failed. Most people sell their BIP-110 coins when they eventually get listed on small exchanges. Months later someone actually puts illegal content in a block on the legacy chain or there is some other major issue b/c of SPAM on the chain. Hashpower switches immediately to BIP-110 and everyone then realizes holding legacy Bitcoin is doomed and it goes effectively to zero as we get closer to BIP-110 wiping out the legacy chain.
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Stephan Livera
Stephan Livera@stephanlivera·
The wheels are falling off the BIP110 clown car. Ocean mining pool and Luke Dashjr (CTO and Chairman of Ocean) are making contradictory statements. Ocean the pool is going to support chain splits, but according to Luke, "BIP110 does not cause a chain split".
lifofifo ◉@lifofifo

@ocean_mining Your CTO @LukeDashjr has said 100 times that BIP 110 cannot cause a chain split. "FUD from the anti-RDTS crowd" WTF IS IT? WHAT CHANGED?

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₿randon BIP-110
₿randon BIP-110@BitcoinJed1·
@EricChennells @csuwildcat Dude, where have you been for the past two years? We were all warning when bitcoin was above $100,000 that Core changing op_return limit would be highly destructive to its value and we were right. We’re simply trying to restore bitcoin to before that and other errors.
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Bitcoin Dudebro 3.125 ⚡️🇬🇧
These are different and separate mechanisms and it's a mistake to conflate them. Core is a client implementation that changed a default for a transaction relay policy setting. BIP110 is changing the protocol rules that determine block validity for the network. Entirely different categories. It's not an argument, it's code.
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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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SwapHunt
SwapHunt@SwapHunt·
@scottmelker @camharvey 51% attack economics are the real Bitcoin security story nobody markets. Cost to attack vs value protected only gets discussed when it's already too late.
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The Wolf Of All Streets
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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Bitcoin Dudebro 3.125 ⚡️🇬🇧
I had the misfortune to listen to the details of this attack against Bitcoin. Prepare yourself for how its ingenious sophistication and novelty: 1. Short BTC 2. Spend billions to acquire 51% of network hash power 3. Do "the 51% attack" 4. BTC goes to zero. 5. Kerching! 💰 Yes folks, truly we have all been retarded this whole time because killing bitcoin is so trivial that any market manipulator with 10bn liquidity can do it. 😏🙄
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Climbing Guy
Climbing Guy@ClimbingCoachX·
What I've learned from the replies: Flying is is a much better option IF: - You're willing to pay a ton more - You don't want to bring anything with you - You don't want to bring anyone with you - There are no delays - You don't mind cutting everything close - You live near an airport that is small & never has long lines - Your destination is also near an airport that is small & never has long lines - You can easily find a direct flight - You don't mind being around huge groups of people - You have TSA precheck - You always fly 1st class or pay extra for a seat at the front of the plane - You pay extra to Uber/Taxi everywhere - You're scared of and/or bad at driving This is just proving my point...
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Climbing Guy
Climbing Guy@ClimbingCoachX·
Any drive less than 7 hours is 1,000% better than flying. 8+ hours & maybe it's worth it. Even with no delays (rare) the drive to/from airport, parking, security, checking bags, boarding, taxing, etc is going to eat up 4+ hours on top of however long you're in the air. Might as well pay less, not have to rent a car or Uber, bring anything you want, & spend that time in your own space with more control over the journey.
Hayden@the_transit_guy

@bumbadum14 “90% of Americans would rather drive themselves” source?

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Bitcoin Dudebro 3.125 ⚡️🇬🇧
@dotkrueger > Bitcoin's default OP_RETURN limit Relay policy isn't part of the Bitcoin protocol. It varies from client to client. So you mean the Bitcoin Core client, but you don't actually know how to discriminate between the protocol and its reference client.
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Fred Krueger #BIP-110
Fred Krueger #BIP-110@dotkrueger·
The anti-BIP-110 crowd keeps saying we should "settle this with a bet" like real men. I've already been offered 10:1 odds by Wicked on BIP-110. But here's the bet I'd actually like to make: 20:1 odds that Bitcoin's default OP_RETURN limit is reduced back to 81 bytes within the next 12 months. If you're convinced the current policy is permanent and the market has spoken, this should be an easy bet to take.
Fred Krueger #BIP-110 tweet media
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Bitcoin Dudebro 3.125 ⚡️🇬🇧
@FieldNas You're mistaken. The BIP proposal enforces its change of consensus rules with or without miner signalling support. It is not waiting for majority support.
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Hammond of Texas | BIP-110🌽
@bitcoindudebro We never wanted an altcoin, and aren't creating one. We are committed to Bitcoin numbnuts! Unlike Bitcoin Core, Andy, and the lot who are attacking it. That's the difference.
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Robert (infra 🏛️⌛️)
I haven’t engaged in the BIP-110 war, mainly because it reminds me of the block size wars (a massive driver in me selling my XX BTC then) and evokes a bit of a trauma response Justin nails it (as usual). It’s a significant reason I’ve been so much more bearish/cautious and sold 50% of my BTC at 80k (obviously my macro outlook informed a significant portion too) I legitimately cannot understand the counter argument When I first heard of BTC (sometime circa 2011), it was via an obscure anarchist blogspot that was championing this new decentralized, permission-less *money* A money that the government could not control. They couldn’t print more, they couldn’t decide who owns it and they couldn’t decide who gets to transact with it What the fuck are we even doing these days? Seriously guys… People I thought were hardcore Bitcoin maxis have turned into Saylor maxis Now all we talk about is perpetual preferreds. Multiple to NAV. USD reserves. How to sell BTC to support dollar-denominated liabilities. We have some ugly bastardization of Bitcoin now. Some version where the primary conversation *isnt even NGU*, but some financial engineering of some spook’s dying software business- not actual Bitcoin: The fuck you, fuck your printing, fuck your centralized control— MONEY I want that back. Give me that back and I’ll get a lot more bullish
Justin Bechler #BIP-110@1914ad

x.com/i/article/2073…

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l0rinc
l0rinc@L0RINC·
@ThorBjornsson_ Classic off-by-one: next time try 512, it’s a power of two
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Hafþór J Björnsson
Hafþór J Björnsson@ThorBjornsson_·
511kg. I failed. Roast me in the comments, I deserve it!
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