Bitcoin World Order

2K posts

Bitcoin World Order

Bitcoin World Order

@bitcoinwo

#Bit🌽 #NOSTR: #npub17pgmxpumkdzna0c7t22e5qyemjd37darvsjh89qh7fanzrqq6hlsm3yr9d

Cyberspace Katılım Kasım 2014
3.2K Takip Edilen298 Takipçiler
Bitcoin World Order retweetledi
Bitcoin_To_The_Oblivion/ BIP110
This could be coordinated FUD to make sure bitcoiners don't wake up to the tyranny/incompetence of shitcoin core. You can spread as much QuAnTuM FUD as you want but BIP110 will be successfully activated by Sep 2026. You seem to be working for either coretard or Bailey/Andy Back (or maybe both). In that case, you might also lose a significant amount of followers for not talking enough about BIP110.
English
1
4
27
444
Bitcoin World Order retweetledi
Bitcoinapolis: BIP-110 no S̷P̷A̷M̷ 🤓
The Bitcoin Whitepaper Headline: "Peer-To-Peer Electronic CASH System" Section: "Reclaiming Disk Space" - Timestamped Ledger for monetary transactions/transfers - Not general Data Storage - "SPAM" has historically been viewed negatively and this aligns with Satoshi's original vision
Bitcoinapolis: BIP-110 no S̷P̷A̷M̷ 🤓 tweet media
English
1
4
11
156
Bitcoin World Order retweetledi
Renaud Cuny
Renaud Cuny@CunyRenaud·
"Bitcoin is antifragile" is one of the most repeated and perhaps least understood claims in this space. The track record is real: Mt. Gox. China. FTX. Price recovered every time. But antifragility describes outcomes, not mechanisms. The mechanism is human. And humans can stop showing up. Issue #18: blockspaceweekly.substack.com/p/issue18-anti…
Renaud Cuny tweet media
English
0
8
27
385
Bitcoin World Order retweetledi
Jim
Jim@elkrun21·
Chris, Thanks. Good to get confirmation from someone with your background. @hodlonaut fyi for consideration in future articles, in case there's something here you haven't already discovered. Great first article ... I know first hand how much work it is to assimilate all that. @mattkratter fyi for consideration in future videos. @LukeDashjr fyi in case you want to weigh in, particularly the controversial changes noted at the end of this post. I don't know how you've managed to consistently continue your fight against these bastards for so long. 🙏 @GrassFedBitcoin FYI for your ongoing battle too. I'm going to take this opportunity to get most of my findings documented in one place here ... warning, it's a ridiculously long post, with many interconnections. I've repeated many things in an attempt to help keep them straight. I'm going to try to summarize in a more digestible format soon, but just putting it all down here for now. I suppose there's a chance of a few inaccuracies here, or mis-guided interpretations and conclusions. If that ends up being the case, sobeit, I'll have to live with it. I did my best. It's all about "Following the Money". It's important because it highlights the real fight, which is against a very well-funded Fiat Complex. The only way they're going to be prevented from taking over and centralizing Bitcoin is if enough folks reject Bitcoin Core, imo. I sincerely hope this motivates more people to seriously consider running BIP-110. A major new revelation for me while doing additional research for this post is Blockstream. I couldn't figure out all the blatantly shallow arguments against BIP-110 from current and past employees. They aren't exploiting SegWit/Taproot on Bitcoin mainnet. I couldn't find any monetary reason for them to oppose BIP-110 ... until ... I found they have strategic plans to launch their smart contract protocol called Simplicity, on Bitcoin mainnet. It's currently just on Liquid ... it relies heavily on Taproot, which BIP-110 would hinder. More on that below. The Core funding apparatus is an incredible Tangled Web of Malincentives as summarized below. The same folks funding shitcoins and stablecoins on Bitcoin are concurrently funding Bitcoin Core. I think it's a primary driver behind opposition to BIP-110, Luke's 2023 datacarriersize PR and even the stealthily merged datacarriersize re-definition PR in 2023. It's probably the main driver behind uncapping OP_RETURN, although widespread exploitation of that hasn't happened yet. And while not as obvious, it might even have influenced the "bug" getting into Taproot in the first place ( admittedly, that might be a stretch - but the more you see all the well-funded, connected dots described below, perhaps not). These shitcoin/stablecoin VCs, Angels and companies are funding maintainers and developers that have introduced the most controversial changes to Bitcoin over the past five years. Is it coincidence or intentional? There are literally billions of dollars behind companies that would be negatively impacted if BIP-110 if it were to be adopted. It's the real reason for the pushback, imo. It's always puzzled me how shallow their arguments have been ... it's because they can't state the real reason. Any single event may not be that big of a deal, but combined, it's proof beyond any reasonable doubt that well-funded outside forces have been significantly influencing Bitcoin Core the past 5+ years. It's the Fiat Complex trying to get their shitcoin and stablecoin hooks into the Bitcoin ecosystem. IMHO. And if one believes the Bitcoin protocol should be optimized solely for decentralized and immutable money, then this is a real problem. As I said in my OP, this is a full on 5 Alarm Fire. ----- The Tangled Web of Malincentives ----- Wences Casares: Co-Founding Donor of Brink and Localhost Research. There are also indications of personal grants to Core developers, but no confirmed names. He's also an angel investor in Alpen Labs. Founder and ex-CEO of Xapo Bank. Participated in 2020 Treasury Department led "Crypto Summit", which discussed, among other things, stablecoins. Served on Facebook's Libra Association Board of Directors. Through Brink and Localhost Research, he's directly responsible for establishing the funding vehicles behind four of five Core maintainers in the 2022 - early 2026 timeframe. John Pfeffer: Co-Founding Donor of Brink. Personal grants to Antoine Riard and Samuel Dobson. Also angel investor in Alpen Labs. Brink: Formed 2020. Fully funds/funded three Core maintainers and numerous developers. Funded maintainers are: Michael Ford, Hennadii Stepanov and Gloria Zhao (prior to her departure Feb '26). Casares and Pfeffer are Brink's Founding Donors. Other Brink donors mentioned in this post are Coinbase, Xapo Bank, Paxos, Lightspark, OKX and Mark Casey. Localhost Research: Formed Oct 2024. Fully funds Core Maintainer, Ava Chow and Lead Contributor, Mark "Murch" Erhardt, along with several other contributors. Casares and Mark Casey are co-Founding Sponsors. Coinbase: 2nd largest donor to Brink. 4th largest shitcon crypto and stablecoin exchange in the world. Raised ~$550 million before going public. Current market cap is ~$43 billion. Brian Armstrong participated in 2020 Crypto Summit. Founding member Libra Association. Xapo Bank: 3rd largest donor to Brink. They have directly funded Anthony Towns (pre-2020) and Amiti Uttarwar. Towns was an important coder for Speedy Trial, the controversial Taproot activation. Towns also co-authored Taproot BIPs 341 and 342. Casares is founder and ex-CEO. $40M raised thus far. Xapo is a major player using stablecoins for on/off ramps. Partnered with Lightspark for infrastructure builds. Participated in 2020 Crypto Summit. Founding member Libra Association. Paxos: 10th largest donor to Brink. Major player in stablecoins. Has issues three stablecoins themselves. $535M raised thus far. Last known valuation $2.4 billion. Charles Cascarilla (CEO and co-founder of Paxos) is another angel investor in Alpen Labs, alongside Casares and Pfeffer. OKX: 11th largest donor to Brink. Separately, they fully funded Marco Falke 2020-2023 while he was a Core maintainer (OKX and Paradigm co-funded him in 2023). Falke authored and merged the controversial "Clarify Datacarrier" PR the redefined the definition (more below). Funded Amiti Uttarwar (2020 $150k joint grant with BitMex) - there are indications they're still funding her. Other grantees listed on their website include: Gloria Zhao, Dusty Daemon, Joao Barbosa and Antoine Riard. OKX is the 2nd largest shitcoin crypto exchange in the world, including emphasis in tokens, BRC-20, NFTs, etc.. Lightspark: 17th largest donor to Brink. They've also contributed to Localhost Research. VC-backed company formed in 2022, founded by David Marcus and other former Libra/PayPal executives. $175M raised thus far. Funding co-led by a16z crypto, the biggest shitcoin VC of them all, and Paradigm, the 2nd largest shitcoin VC. Ribbit Capital also participated - another shitcoin VC who led Alpen Labs funding. Lightspark developed BTKN, a "Bitcoin Token Protocol" based off LRC-20 to enable stablecoins on Bitcoin, including USDB issued by Brale. David Marcus: Lighspark founder, CEO. Was head of the Libra Association Board of Directors. Through Lightspark, contributors to both Brink and Localhost Research. Of particular concern, check out these quotes from O'Dell talking about Marcus and Lightspark: Watch this (7:55 - 12:20). youtu.be/y3eOfwXFPio?si… "Spark knows your entire transaction history." "Technically, if Spark wanted to be malicious they could do some shady shit probably." "Spark got funded by there notorious shitcoiners A16Z ... $160M." "For better or worse he [David Marcus] brought a, kind of like a, pragmatic shitcoiner approach to Bitcoin ... and we should probably do more of it" "There are a lot of arguments [against Spark]: is spark decentralized enough ... is it trust minimized enough?" Paradigm: With OKX, Paradigm directly co-funded Marco Falke in 2023 while a Core maintainer. Paradigm also funded Core contributor, Anthony Towns (2020-2022). Falke and Towns both had key roles in the controversial Speedy Trial to activate Taproot. Towns also co-authored Taproot BIPs 341 and 342. Falke authored and merged the controversial "Clarify Datacarrier" PR the redefined the definition (more below). Paradigm is the 2nd largest crypto VC co-founded in 2018 buy Fred Ehrsam, co-founder of Coinbase, and Matt Huang, former partner at Sequoia Capital. They co-led Lightspark funding. A VC DIRECTLY FUNDING A CORE MAINTAINER AND A CONTRIBUTOR IS ESPECIALLY CONCERNING, ESPECIALLY A SHITCOIN CRYPTO VC. Ribbit Capital: No indication of Core funding, but relevant because they led Alpen Labs funding. Also participated in Lightspark and Xapo funding. Meyer “Micky” Malka: Founder and managing partner, of Ribbit Capital. Participated in the 2020 Crypto Summit. Founding member of Libra Association. Longstanding relationship with Casares, including joint executive involvement with Patagon (founded by Casares) in late 1990's. Alpen Labs: No indication of Core funding, but relevant because Casares, Pfeffer and Paxos CEO (all Core funders) are also angel investors in Alpen Labs. Alpen Labs is a VC/Angel-backed Bitcoin infrastructure startup (founded in 2022) - raised $19M thus far. They're developing a ZK-powered validity rollup called Strata. They're partnering with Liquity to enable a bitcoin-backed stablecoin called Bitcoin Dollar (BTD). Blockstream: I initially dismissed them as having a conflict of interest because there's no indication they're currently exploiting Taproot. But, turns out they have strategic plans to put Simplicity, their smart contract protocol on Bitcoin mainnet. Simplicity is currently just on their sidechain, Liquid. It's very relevant because it's a smart contract protocol that relies heavily on exploiting Taproot ... BIP-110 would hinder it. Blockstream also had a very significant role in the development and introduction of Taproot within Bitcoin Core. Did they have this planned all along? Was the Taproot "inscription bug" just an unintended byproduct, or was it intentional? Simplicity was conceived by Blockstream's Russel O'Conner in 2017. Greg Maxwell proposed the idea of Taproot in 2018. And Blockstream employees had, by far, the biggest role in Taproot's development and implementation within Core. Makes you wonder. Blockstream currently funds, or has previously funded, the following Core maintainers and contributors, many of which had key, leading roles in the development and implementation of Taproot. Peter Wuille: Blockstream co-founder and employee 2014-2020. Core maintainer 2011-2022. Lead designer, primary implementer and co-author of Taproot BIPs 340, 341 and 342. Led and authored PR #19953, which implemented the full consensus rules for Taproot into Bitcoin Core - merged Oct 2020.. He left Blockstream and went to Chaincode in 2020. Ava Chow: Blockstream employee 2018-2024. Core maintainer 2022-present. Wrote the Taproot-specific activation parameters (PR #21686) - as Andrew Chow (before transition). She also closed Luke's 2023 Datacarriersize PR in Jan '24. She left Blockstream and went to Localhost Research Oct '24. Andrew Poelstra: Blockstream employee since 2014. Core contributor 2014-present. Key co-designer of Taproot along with Wuille. Jonas Nick: Blockstream employee since 2015. Core contributor 2015-present. Co-author all three Taproot BIPs. Tim Ruffing: Blockstream employee since 2018. Core contributor 2017-2022. Co-author Taproot BIP 340. Greg Maxwell: Blockstream co-founder and employee 2014-2018. Core contributor 2011-2018. Originator of the Taproot high level concept in 2018. Matt Corallo: Blockstream co-founder and employee 2014-2018. Core contributor 2011-2022. Maintainer 2014-2018. Taproot reviews and technical feedback. Rusty Russell: Blockstream employee 2015-2023. Core contributor 2011-2021. and others. Russell O'Connor: Blockstream employee since 2016. Core contributor 2016-present. Originated the core concept of a short "trial" activation window, that became the controversial Speedy Trial to activate Taproot. He was also the creator/inventor of Simplicity, introducing the concept in 2017. He continues to be the main force behind its development, formal semantics, jets (optimized primitives), and integration with Taproot. Again, Simplicity is currently on the Liquid sidechain, but they've announced their intention to also bring it to Bitcoin mainnet. Back, Wuille, Maxwell, Poelstra, O'Connor, Corallo have all been vocal opponents of BIP-110. Blockstream, privately held, has raised $650-$730 million across multiple rounds. Peak valuation: $3.2 billion after 2021 Series B round. Blockstream views Simplicity as a key long-term technical bet on Bitcoin-native programmability. They describe it as: A major milestone in “Bitcoin-native programmable finance”. The foundation for more expressive, formally verifiable smart contracts on Bitcoin Layer-2 (starting with Liquid) A way to bring advanced features (vaults, covenants, tokenized assets, post-quantum cryptography) while staying true to Bitcoin’s security model Blockstream has invested years of research into it, beginning with O'Connor's introducing the concept in 2017. They actively promote it as enabling “the next wave of tokenized finance and adoption” on Bitcoin rails. Simplicity Launches on Liquid Mainet: blog.blockstream.com/simplicity-lau… How Simplicity works: docs.simplicity-lang.org/documentation/… It's relevant because Simplicity launched on Liquid Mainnet July 2025. And that's relevant because in the announcement they said: "Liquid is just the beginning. With community feedback, real-world usage, and more tooling, docs, wallet support, and example contracts, our next major goal is to activate on a Bitcoin test network." blog.blockstream.com/simplicity-lau… Bitfinex an investor and strategic partner of Blockstream's published an article in Aug '25 titled: What Can Simplicity Bring To The Liquid Network. blog.bitfinex.com/education/what…. The following is stated: "While the initial deployment is confined to Liquid, the long-term objective is to gather community feedback, expand tooling, and potentially move toward testnet, and eventually mainnet, activation on Bitcoin itself once Simplicity proves itself battle-tested. Simplicity represents a shift in how programmability on Bitcoin is conceived." ----- Controversial Changes by Bitcoin Core ----- << 2021 TAPROOT >> Arbitrary data exploiting SegWit/Taproot (e.g., inscriptions) became very controversial in hindsight. Speedy Trial activation method controversial at the time. PR #21377 (the main Speedy Trial PR): Authored by Anthony Towns. A short 3-month signaling window using a BIP 9-style versionbits mechanism. Required 90% hashrate in any 2-week difficulty epoch to lock in. Clean expiration if miners failed to signal enough (no forced activation). PR #21686 added the Taproot-specific parameters: Merged by Andrew Chow (Ava Chow). Start time, timeout, and threshold settings tailored for Taproot. Russell O'Connor originated the core concept of a short "trial" activation window, which became the controversial Speedy Trial to activate Taproot. Towns funded by Xapo and Paradigm Chow and O'Connor were/are Blockstream employees. Some developers, notably Luke Dashjr, claimed the community had leaned toward a BIP 8 (with LOT=true options). He publicly called aspects of the push an "attack on Bitcoin" because it ignored that perceived consensus and pushed a miner-friendly BIP 9 variant instead. Key contributors to Speedy Trial and Taproot BIPs 340, 341 and 342, along with associated PRs were: Wuille, Chow, Nick and Ruffing (all Blockstream employee), Towns (funded by Xapo then Paradigm), and Falke (funded by OKX and Paradigm). Taproot activate November 2021. << CLARIFY DATACARRIERSIZE - change definition >> PR Number: #27832 Title: doc: Clarify -datacarriersize, add -datacarriersize=2 tests Author: Marco Falke (maflcko) Opened: July 2023 Merged: August 3, 2023 Merged by: Marco Falke himself (as maintainer) Falke funded by OKX and Paradigm. This PR was documentation-only — it did not change any code behavior, only the help text and description of the -datacarriersize option. Before (old help text, used for years): “Maximum size of data in data carrier transactions we relay and mine (default: 83)” After (new help text): “Relay and mine transactions whose data-carrying raw scriptPubKey is of this size or less (default: 83)” It explicitly narrowed the documented scope to only raw scriptPubKey (mainly OP_RETURN outputs), excluding witness data (the method used by Ordinal inscriptions via Taproot script paths). Luke Dashjr was one of the most vocal critics. He called the PR a “stealth redefinition” and argued: The change retroactively narrowed the option’s scope without proper discussion. It was a bug that -datacarriersize did not already cover witness data. He later opened his own PR (#28408) to expand-datacarriersize to also limit witness data, which was closed without merging amid heavy debate. Luke has repeatedly referred to inscriptions as “exploiting a vulnerability” in Bitcoin Core and considers the 2023 clarification part of the problem. << LUKE'S DATACARRIERSIZE PR >> PR Number: #28408 Title: datacarriersize: Match more datacarrying Author: Luke Dashjr (luke-jr) Opened: September 5, 2023 Closed: January 5, 2024 The PR aimed to extend the existing -datacarriersize configuration option so that it would also apply to witness-based data carrying methods, such as: OP_FALSE OP_IF … OP_ENDIF envelopes used by Ordinal inscriptions Other post-SegWit / post-Taproot ways of embedding arbitrary data It was Luke’s response to the earlier controversial documentation-only PR #27832 (by Marco Falke in August 2023), which clarified that -datacarriersize only applied to raw scriptPubKey (mainly OP_RETURN). Luke argued this created a “bug” that inscriptions were exploiting. The broader debate led to further OP_RETURN policy changes in Bitcoin Core v30 (2025), which removed the default 83-byte OP_RETURN limit entirely. This PR became one of the most contentious in recent Bitcoin Core history and highlighted the deep split over whether Bitcoin should actively discourage non-monetary data. The broader debate led to further OP_RETURN policy changes in Bitcoin Core v30 (2025), which removed the default 83-byte OP_RETURN limit entirely. Ford and Zhao voiced opposition to the PR. Both were funded by Brink. Chow closed the PR. Chow was a Blockstream employee at the time. Moved to Localhost Research October 2024. << UNCAP OP_RETURN Core v30 >> PR Number: #32406 Title: policy: uncap datacarrier by default Author: Gregory Sanders (instagibbs) Opened: Around early June 2025 (replacing an earlier related PR) Merged: June 9, 2025 Merged by / Decision Write-up: Gloria Zhao (glozow) — she posted the official merge rationale. Sanders was a Blockstream employee Apr 2022 - mid-2023. He joined Spiral July 2023. Zhao funded by Brink. This PR is the one that effectively removed the default OP_RETURN data limit in Bitcoin Core. The whole OP_RETURN debate has been discussed ad naseum, so no more info needed here. << BIP-110 INTRODUCED >> BIP-110 draft introduced October 2025. Back, Wuille, Maxwell, Poelstra, O'Connor, Corallo, Erhardt (Murch) have voiced significant opposition to BIP-110. So has David Seroy, Head of Ecosystem at Alpen Labs. It's reasonable to question the motivation.
YouTube video
YouTube
Chris Guida | ⚡🪢 BIP110@cguida6

Yep, Ark is fine, we already talked about this Arkade is shitcoiny but I don't think their protocol spams The rest of the "L2s" are not real L2s because they don't have unilateral exit, so they don't really scale bitcoin because they involve trust Some of the fake L2s (like rollups) also require lots of arbitrary data which is abusive Stablecoins are dumb and will be replaced by stablechannels They are also central bank money and should be opposed on those grounds alone Not sure where brink and localhost get their funding but I wouldn't be surprised if it was partly these shittoken/stablecoin companies

English
7
19
73
10.3K
Bitcoin World Order retweetledi
Dathon Ohm / BIP-110
Dathon Ohm / BIP-110@dathon_ohm·
Huge thanks to our thousands of contributors, reviewers, and node operators who have brought us this far. Now is the time to encourage businesses and miners to signal support for BIP-110, in order to ensure smooth activation. Keep up the pressure. Bitcoin is money!
English
4
37
193
2.2K
Bitcoin World Order retweetledi
Jim
Jim@elkrun21·
The clips below 100% prove Blockstream's desire/intent to soft fork Simplicity into bitcoin. 👇 It's why Adam Back and many other current and past Blockstream employees have been so vocal against BIP-110. All the arguments they've been giving are shallow and total BS. Simplicity is the real reason. Why are they employing such shallow arguments against BIP-110 instead of referencing the real reason, which is that BIP-110 would hinder Simplicity. What are they hiding? If they came right out and said something like: "We're concerned about BIP-110 because it would prevent the benefits Simplicity would bring to bitcoin" ... at least that would be a genuine debate. Blockstream has been working on Simplicity since 2017. Blockstream introduced the Taproot concept in 2018, which is a requisite for Simplicity. Blockstream was by far the most active in design and implementation of Taproot, including the controversial Speedy Trial activation in 2021. Blockstream was also directly involved in rejecting Luke's PR in 2023 to mitigate the large amounts of arbitrary data caused by exploiting Taproot. And Blockstream supported the controversial PR that changed the definition of datacarriersize, that was subsequently used as partial justification to close Luke's PR. I'm pretty sure implementation of Luke's PR at the policy layer (on Core nodes that represented ~98% of the network at the time) would have prevented Simplicity from ever being on bitcoin mainnet. BIP-110 does the same thing at the consensus layer. Simplicity went live on Liquid mainnet last year. And the clips below clearly show their desire/intent to soft fork it into bitcoin. ---------- April 2023: Brad Mills, Jameson Lopp, Adam Back, Austin Alexander on Bitcoin's Evolution - discuss Bitcoin's Last Soft Fork. Mentioned in the show: Simplicity: A New Scripting System for Bitcoin Developed by Russell O'Connor, Simplicity is a compact and effective microcode for writing new opcodes. This new scripting system allows library writers to easily implement missing pieces and can be soft forked into Bitcoin. It also enables formal provability. Adam Back says: "And so he [Russell O'Connor] started on this kind of track designing a new scripting system [Simplicity] that could be soft forked into bitcoin. Listen to/read Adam at 01:14:40 bradmills.ca/podcast/jameso… August 2023 Blockstream Talk: Simplicity, Bitcoin's Last Soft Fork Listen to 9:20-15:50 blockstreamtalk.com/episodes/block… 2024/2025: Adam Back on Simplicity, the last soft fork: youtube.com/shorts/HqLqMdM…
YouTube video
YouTube
Jim@elkrun21

Chris, Thanks. Good to get confirmation from someone with your background. @hodlonaut fyi for consideration in future articles, in case there's something here you haven't already discovered. Great first article ... I know first hand how much work it is to assimilate all that. @mattkratter fyi for consideration in future videos. @LukeDashjr fyi in case you want to weigh in, particularly the controversial changes noted at the end of this post. I don't know how you've managed to consistently continue your fight against these bastards for so long. 🙏 @GrassFedBitcoin FYI for your ongoing battle too. I'm going to take this opportunity to get most of my findings documented in one place here ... warning, it's a ridiculously long post, with many interconnections. I've repeated many things in an attempt to help keep them straight. I'm going to try to summarize in a more digestible format soon, but just putting it all down here for now. I suppose there's a chance of a few inaccuracies here, or mis-guided interpretations and conclusions. If that ends up being the case, sobeit, I'll have to live with it. I did my best. It's all about "Following the Money". It's important because it highlights the real fight, which is against a very well-funded Fiat Complex. The only way they're going to be prevented from taking over and centralizing Bitcoin is if enough folks reject Bitcoin Core, imo. I sincerely hope this motivates more people to seriously consider running BIP-110. A major new revelation for me while doing additional research for this post is Blockstream. I couldn't figure out all the blatantly shallow arguments against BIP-110 from current and past employees. They aren't exploiting SegWit/Taproot on Bitcoin mainnet. I couldn't find any monetary reason for them to oppose BIP-110 ... until ... I found they have strategic plans to launch their smart contract protocol called Simplicity, on Bitcoin mainnet. It's currently just on Liquid ... it relies heavily on Taproot, which BIP-110 would hinder. More on that below. The Core funding apparatus is an incredible Tangled Web of Malincentives as summarized below. The same folks funding shitcoins and stablecoins on Bitcoin are concurrently funding Bitcoin Core. I think it's a primary driver behind opposition to BIP-110, Luke's 2023 datacarriersize PR and even the stealthily merged datacarriersize re-definition PR in 2023. It's probably the main driver behind uncapping OP_RETURN, although widespread exploitation of that hasn't happened yet. And while not as obvious, it might even have influenced the "bug" getting into Taproot in the first place ( admittedly, that might be a stretch - but the more you see all the well-funded, connected dots described below, perhaps not). These shitcoin/stablecoin VCs, Angels and companies are funding maintainers and developers that have introduced the most controversial changes to Bitcoin over the past five years. Is it coincidence or intentional? There are literally billions of dollars behind companies that would be negatively impacted if BIP-110 if it were to be adopted. It's the real reason for the pushback, imo. It's always puzzled me how shallow their arguments have been ... it's because they can't state the real reason. Any single event may not be that big of a deal, but combined, it's proof beyond any reasonable doubt that well-funded outside forces have been significantly influencing Bitcoin Core the past 5+ years. It's the Fiat Complex trying to get their shitcoin and stablecoin hooks into the Bitcoin ecosystem. IMHO. And if one believes the Bitcoin protocol should be optimized solely for decentralized and immutable money, then this is a real problem. As I said in my OP, this is a full on 5 Alarm Fire. ----- The Tangled Web of Malincentives ----- Wences Casares: Co-Founding Donor of Brink and Localhost Research. There are also indications of personal grants to Core developers, but no confirmed names. He's also an angel investor in Alpen Labs. Founder and ex-CEO of Xapo Bank. Participated in 2020 Treasury Department led "Crypto Summit", which discussed, among other things, stablecoins. Served on Facebook's Libra Association Board of Directors. Through Brink and Localhost Research, he's directly responsible for establishing the funding vehicles behind four of five Core maintainers in the 2022 - early 2026 timeframe. John Pfeffer: Co-Founding Donor of Brink. Personal grants to Antoine Riard and Samuel Dobson. Also angel investor in Alpen Labs. Brink: Formed 2020. Fully funds/funded three Core maintainers and numerous developers. Funded maintainers are: Michael Ford, Hennadii Stepanov and Gloria Zhao (prior to her departure Feb '26). Casares and Pfeffer are Brink's Founding Donors. Other Brink donors mentioned in this post are Coinbase, Xapo Bank, Paxos, Lightspark, OKX and Mark Casey. Localhost Research: Formed Oct 2024. Fully funds Core Maintainer, Ava Chow and Lead Contributor, Mark "Murch" Erhardt, along with several other contributors. Casares and Mark Casey are co-Founding Sponsors. Coinbase: 2nd largest donor to Brink. 4th largest shitcon crypto and stablecoin exchange in the world. Raised ~$550 million before going public. Current market cap is ~$43 billion. Brian Armstrong participated in 2020 Crypto Summit. Founding member Libra Association. Xapo Bank: 3rd largest donor to Brink. They have directly funded Anthony Towns (pre-2020) and Amiti Uttarwar. Towns was an important coder for Speedy Trial, the controversial Taproot activation. Towns also co-authored Taproot BIPs 341 and 342. Casares is founder and ex-CEO. $40M raised thus far. Xapo is a major player using stablecoins for on/off ramps. Partnered with Lightspark for infrastructure builds. Participated in 2020 Crypto Summit. Founding member Libra Association. Paxos: 10th largest donor to Brink. Major player in stablecoins. Has issues three stablecoins themselves. $535M raised thus far. Last known valuation $2.4 billion. Charles Cascarilla (CEO and co-founder of Paxos) is another angel investor in Alpen Labs, alongside Casares and Pfeffer. OKX: 11th largest donor to Brink. Separately, they fully funded Marco Falke 2020-2023 while he was a Core maintainer (OKX and Paradigm co-funded him in 2023). Falke authored and merged the controversial "Clarify Datacarrier" PR the redefined the definition (more below). Funded Amiti Uttarwar (2020 $150k joint grant with BitMex) - there are indications they're still funding her. Other grantees listed on their website include: Gloria Zhao, Dusty Daemon, Joao Barbosa and Antoine Riard. OKX is the 2nd largest shitcoin crypto exchange in the world, including emphasis in tokens, BRC-20, NFTs, etc.. Lightspark: 17th largest donor to Brink. They've also contributed to Localhost Research. VC-backed company formed in 2022, founded by David Marcus and other former Libra/PayPal executives. $175M raised thus far. Funding co-led by a16z crypto, the biggest shitcoin VC of them all, and Paradigm, the 2nd largest shitcoin VC. Ribbit Capital also participated - another shitcoin VC who led Alpen Labs funding. Lightspark developed BTKN, a "Bitcoin Token Protocol" based off LRC-20 to enable stablecoins on Bitcoin, including USDB issued by Brale. David Marcus: Lighspark founder, CEO. Was head of the Libra Association Board of Directors. Through Lightspark, contributors to both Brink and Localhost Research. Of particular concern, check out these quotes from O'Dell talking about Marcus and Lightspark: Watch this (7:55 - 12:20). youtu.be/y3eOfwXFPio?si… "Spark knows your entire transaction history." "Technically, if Spark wanted to be malicious they could do some shady shit probably." "Spark got funded by there notorious shitcoiners A16Z ... $160M." "For better or worse he [David Marcus] brought a, kind of like a, pragmatic shitcoiner approach to Bitcoin ... and we should probably do more of it" "There are a lot of arguments [against Spark]: is spark decentralized enough ... is it trust minimized enough?" Paradigm: With OKX, Paradigm directly co-funded Marco Falke in 2023 while a Core maintainer. Paradigm also funded Core contributor, Anthony Towns (2020-2022). Falke and Towns both had key roles in the controversial Speedy Trial to activate Taproot. Towns also co-authored Taproot BIPs 341 and 342. Falke authored and merged the controversial "Clarify Datacarrier" PR the redefined the definition (more below). Paradigm is the 2nd largest crypto VC co-founded in 2018 buy Fred Ehrsam, co-founder of Coinbase, and Matt Huang, former partner at Sequoia Capital. They co-led Lightspark funding. A VC DIRECTLY FUNDING A CORE MAINTAINER AND A CONTRIBUTOR IS ESPECIALLY CONCERNING, ESPECIALLY A SHITCOIN CRYPTO VC. Ribbit Capital: No indication of Core funding, but relevant because they led Alpen Labs funding. Also participated in Lightspark and Xapo funding. Meyer “Micky” Malka: Founder and managing partner, of Ribbit Capital. Participated in the 2020 Crypto Summit. Founding member of Libra Association. Longstanding relationship with Casares, including joint executive involvement with Patagon (founded by Casares) in late 1990's. Alpen Labs: No indication of Core funding, but relevant because Casares, Pfeffer and Paxos CEO (all Core funders) are also angel investors in Alpen Labs. Alpen Labs is a VC/Angel-backed Bitcoin infrastructure startup (founded in 2022) - raised $19M thus far. They're developing a ZK-powered validity rollup called Strata. They're partnering with Liquity to enable a bitcoin-backed stablecoin called Bitcoin Dollar (BTD). Blockstream: I initially dismissed them as having a conflict of interest because there's no indication they're currently exploiting Taproot. But, turns out they have strategic plans to put Simplicity, their smart contract protocol on Bitcoin mainnet. Simplicity is currently just on their sidechain, Liquid. It's very relevant because it's a smart contract protocol that relies heavily on exploiting Taproot ... BIP-110 would hinder it. Blockstream also had a very significant role in the development and introduction of Taproot within Bitcoin Core. Did they have this planned all along? Was the Taproot "inscription bug" just an unintended byproduct, or was it intentional? Simplicity was conceived by Blockstream's Russel O'Conner in 2017. Greg Maxwell proposed the idea of Taproot in 2018. And Blockstream employees had, by far, the biggest role in Taproot's development and implementation within Core. Makes you wonder. Blockstream currently funds, or has previously funded, the following Core maintainers and contributors, many of which had key, leading roles in the development and implementation of Taproot. Peter Wuille: Blockstream co-founder and employee 2014-2020. Core maintainer 2011-2022. Lead designer, primary implementer and co-author of Taproot BIPs 340, 341 and 342. Led and authored PR #19953, which implemented the full consensus rules for Taproot into Bitcoin Core - merged Oct 2020.. He left Blockstream and went to Chaincode in 2020. Ava Chow: Blockstream employee 2018-2024. Core maintainer 2022-present. Wrote the Taproot-specific activation parameters (PR #21686) - as Andrew Chow (before transition). She also closed Luke's 2023 Datacarriersize PR in Jan '24. She left Blockstream and went to Localhost Research Oct '24. Andrew Poelstra: Blockstream employee since 2014. Core contributor 2014-present. Key co-designer of Taproot along with Wuille. Jonas Nick: Blockstream employee since 2015. Core contributor 2015-present. Co-author all three Taproot BIPs. Tim Ruffing: Blockstream employee since 2018. Core contributor 2017-2022. Co-author Taproot BIP 340. Greg Maxwell: Blockstream co-founder and employee 2014-2018. Core contributor 2011-2018. Originator of the Taproot high level concept in 2018. Matt Corallo: Blockstream co-founder and employee 2014-2018. Core contributor 2011-2022. Maintainer 2014-2018. Taproot reviews and technical feedback. Rusty Russell: Blockstream employee 2015-2023. Core contributor 2011-2021. and others. Russell O'Connor: Blockstream employee since 2016. Core contributor 2016-present. Originated the core concept of a short "trial" activation window, that became the controversial Speedy Trial to activate Taproot. He was also the creator/inventor of Simplicity, introducing the concept in 2017. He continues to be the main force behind its development, formal semantics, jets (optimized primitives), and integration with Taproot. Again, Simplicity is currently on the Liquid sidechain, but they've announced their intention to also bring it to Bitcoin mainnet. Back, Wuille, Maxwell, Poelstra, O'Connor, Corallo have all been vocal opponents of BIP-110. Blockstream, privately held, has raised $650-$730 million across multiple rounds. Peak valuation: $3.2 billion after 2021 Series B round. Blockstream views Simplicity as a key long-term technical bet on Bitcoin-native programmability. They describe it as: A major milestone in “Bitcoin-native programmable finance”. The foundation for more expressive, formally verifiable smart contracts on Bitcoin Layer-2 (starting with Liquid) A way to bring advanced features (vaults, covenants, tokenized assets, post-quantum cryptography) while staying true to Bitcoin’s security model Blockstream has invested years of research into it, beginning with O'Connor's introducing the concept in 2017. They actively promote it as enabling “the next wave of tokenized finance and adoption” on Bitcoin rails. Simplicity Launches on Liquid Mainet: blog.blockstream.com/simplicity-lau… How Simplicity works: docs.simplicity-lang.org/documentation/… It's relevant because Simplicity launched on Liquid Mainnet July 2025. And that's relevant because in the announcement they said: "Liquid is just the beginning. With community feedback, real-world usage, and more tooling, docs, wallet support, and example contracts, our next major goal is to activate on a Bitcoin test network." blog.blockstream.com/simplicity-lau… Bitfinex an investor and strategic partner of Blockstream's published an article in Aug '25 titled: What Can Simplicity Bring To The Liquid Network. blog.bitfinex.com/education/what…. The following is stated: "While the initial deployment is confined to Liquid, the long-term objective is to gather community feedback, expand tooling, and potentially move toward testnet, and eventually mainnet, activation on Bitcoin itself once Simplicity proves itself battle-tested. Simplicity represents a shift in how programmability on Bitcoin is conceived." ----- Controversial Changes by Bitcoin Core ----- << 2021 TAPROOT >> Arbitrary data exploiting SegWit/Taproot (e.g., inscriptions) became very controversial in hindsight. Speedy Trial activation method controversial at the time. PR #21377 (the main Speedy Trial PR): Authored by Anthony Towns. A short 3-month signaling window using a BIP 9-style versionbits mechanism. Required 90% hashrate in any 2-week difficulty epoch to lock in. Clean expiration if miners failed to signal enough (no forced activation). PR #21686 added the Taproot-specific parameters: Merged by Andrew Chow (Ava Chow). Start time, timeout, and threshold settings tailored for Taproot. Russell O'Connor originated the core concept of a short "trial" activation window, which became the controversial Speedy Trial to activate Taproot. Towns funded by Xapo and Paradigm Chow and O'Connor were/are Blockstream employees. Some developers, notably Luke Dashjr, claimed the community had leaned toward a BIP 8 (with LOT=true options). He publicly called aspects of the push an "attack on Bitcoin" because it ignored that perceived consensus and pushed a miner-friendly BIP 9 variant instead. Key contributors to Speedy Trial and Taproot BIPs 340, 341 and 342, along with associated PRs were: Wuille, Chow, Nick and Ruffing (all Blockstream employee), Towns (funded by Xapo then Paradigm), and Falke (funded by OKX and Paradigm). Taproot activate November 2021. << CLARIFY DATACARRIERSIZE - change definition >> PR Number: #27832 Title: doc: Clarify -datacarriersize, add -datacarriersize=2 tests Author: Marco Falke (maflcko) Opened: July 2023 Merged: August 3, 2023 Merged by: Marco Falke himself (as maintainer) Falke funded by OKX and Paradigm. This PR was documentation-only — it did not change any code behavior, only the help text and description of the -datacarriersize option. Before (old help text, used for years): “Maximum size of data in data carrier transactions we relay and mine (default: 83)” After (new help text): “Relay and mine transactions whose data-carrying raw scriptPubKey is of this size or less (default: 83)” It explicitly narrowed the documented scope to only raw scriptPubKey (mainly OP_RETURN outputs), excluding witness data (the method used by Ordinal inscriptions via Taproot script paths). Luke Dashjr was one of the most vocal critics. He called the PR a “stealth redefinition” and argued: The change retroactively narrowed the option’s scope without proper discussion. It was a bug that -datacarriersize did not already cover witness data. He later opened his own PR (#28408) to expand-datacarriersize to also limit witness data, which was closed without merging amid heavy debate. Luke has repeatedly referred to inscriptions as “exploiting a vulnerability” in Bitcoin Core and considers the 2023 clarification part of the problem. << LUKE'S DATACARRIERSIZE PR >> PR Number: #28408 Title: datacarriersize: Match more datacarrying Author: Luke Dashjr (luke-jr) Opened: September 5, 2023 Closed: January 5, 2024 The PR aimed to extend the existing -datacarriersize configuration option so that it would also apply to witness-based data carrying methods, such as: OP_FALSE OP_IF … OP_ENDIF envelopes used by Ordinal inscriptions Other post-SegWit / post-Taproot ways of embedding arbitrary data It was Luke’s response to the earlier controversial documentation-only PR #27832 (by Marco Falke in August 2023), which clarified that -datacarriersize only applied to raw scriptPubKey (mainly OP_RETURN). Luke argued this created a “bug” that inscriptions were exploiting. The broader debate led to further OP_RETURN policy changes in Bitcoin Core v30 (2025), which removed the default 83-byte OP_RETURN limit entirely. This PR became one of the most contentious in recent Bitcoin Core history and highlighted the deep split over whether Bitcoin should actively discourage non-monetary data. The broader debate led to further OP_RETURN policy changes in Bitcoin Core v30 (2025), which removed the default 83-byte OP_RETURN limit entirely. Ford and Zhao voiced opposition to the PR. Both were funded by Brink. Chow closed the PR. Chow was a Blockstream employee at the time. Moved to Localhost Research October 2024. << UNCAP OP_RETURN Core v30 >> PR Number: #32406 Title: policy: uncap datacarrier by default Author: Gregory Sanders (instagibbs) Opened: Around early June 2025 (replacing an earlier related PR) Merged: June 9, 2025 Merged by / Decision Write-up: Gloria Zhao (glozow) — she posted the official merge rationale. Sanders was a Blockstream employee Apr 2022 - mid-2023. He joined Spiral July 2023. Zhao funded by Brink. This PR is the one that effectively removed the default OP_RETURN data limit in Bitcoin Core. The whole OP_RETURN debate has been discussed ad naseum, so no more info needed here. << BIP-110 INTRODUCED >> BIP-110 draft introduced October 2025. Back, Wuille, Maxwell, Poelstra, O'Connor, Corallo, Erhardt (Murch) have voiced significant opposition to BIP-110. So has David Seroy, Head of Ecosystem at Alpen Labs. It's reasonable to question the motivation.

English
10
30
97
4.5K
Bitcoin World Order retweetledi
Beautyon
Beautyon@Beautyon_·
Watch what people do, not what they say. "Nodes don't matter", "How are you going to stop us"? If nodes don't matter and there was no way to stop Core from destroying Bitcoin, the private campaign of subversion of influential accounts would never have been started, because, "there is nothing you can do" and "your node doesn't matter". The truth of the matter is that these people are liars. They knew perfectly well that nodes are fundamental to Bitcoin consensus, and that there was very much something that could be done to stop the corruption of bitcoin. They knew they were lying because they changed the definition of what Bitcoin is in one place, so that they could rely on it in the future. That's what liars do; going into the records and changing history. Now a coordinated campaign of Direct Messages on X has been launched to persuade the people who "don't matter" to switch sides in an event where there is only one side, theirs, to stop them advocating for something "that cannot possibly have an effect". These people, being unethical liars, don't understand what it means to be ideologically committed to something. They believe everyone is like them, a liar a cheat and a corrupt Carpet Bagger. They can't understand that by DMing people they establish categorically that the BIP110 side is set to completely win and solve the problem, and that this signal that they' know they're losing will be relayed to everyone in an instant. They're telegraphing that they've lost on every side. It just goes to show how different Core/Ordinal/Rune people are from Real Bitcoiners™.
Beautyon tweet media
English
3
16
64
906
Bitcoin World Order retweetledi
Mechanic #BIP-110
Mechanic #BIP-110@GrassFedBitcoin·
How to ruin an open source project: - make Orwellian change everyone hates - call opponents racist - passive aggressively cite people's freedom/obligation to fork - ridicule them when they actually do - develop irreconcilable, ego-driven hatred for your grass-roots user base - cosy up to corporate funders who welcome Orwellian changes anyway
English
13
84
413
6.5K
Bitcoin World Order retweetledi
Luke Dashjr
Luke Dashjr@LukeDashjr·
From the bad actors' gaslighting, it's clear too many people still aren't aware of the case against big blocks. Watch this to build up your immunity to them. youtube.com/watch?v=CqNEQS…
YouTube video
YouTube
English
6
56
232
14.9K
Bitcoin World Order retweetledi
Justin Bechler #BIP-110
Two things I hope every person who sees this post will do immediately. 1.) Run a node to use Bitcoin as permissionless, censorship-resistant money. 2.) Read this article to protect yourself from evil. 😱
hodlonaut #BIP-110@hodlonaut

CAPTURE An investigation across four articles into how informal power over Bitcoin Core was assembled, exercised, and defended. Article One: The Network citadel21.com/the-network

English
7
33
167
5.5K
Bitcoin World Order retweetledi
Mechanic #BIP-110
Mechanic #BIP-110@GrassFedBitcoin·
We used to joke about how difficult it was to run an Ethereum node. Now we're the joke.
English
30
42
303
9.6K
Bitcoin World Order retweetledi
Majorian / BIP-110
Majorian / BIP-110@MajorianBTC·
BIP-110 is reviving bitcoin maximalism.
English
5
15
115
993
Bitcoin World Order retweetledi
Robyn
Robyn@Admyral1·
Bitcoins success is far from a given, mining centralisation and spam are considerable threats for its survival. To resist these attacks the network needs support, lots of it!! Run a node Mine the network 🧡⚡🌱
English
1
7
47
862
Bitcoin World Order retweetledi
Knotzi
Knotzi@_Knotzi·
16gb RAM Raspi5 Bitcoin IBD test 50 mbps quality connection dbcache uncapped 50% after 23 hours 70% after 48 hours 71.26% after 60 hours 71.99 after 72 hours 72.71% after 84 hours 73.71% after 96 hours.
Knotzi@_Knotzi

72.71% after 84 hours.

English
5
8
50
1.7K
Bitcoin World Order retweetledi
Jason Hughes
Jason Hughes@wk057·
I'm unsure what exactly happened here with Foundry. @b10c's post has the nitty gritty details... but I guess I can add some interesting points: ⁉️None of the nodes I run or have access to ever saw Foundry blocks or headers for 941881 or 941882 until after 941883 was mined and came through... including nodes peered directly with some known Foundry-controlled nodes. ⁉️No DATUM miner on OCEAN ever built work on top of either Foundry block 941881 or 941882 (around a thousand globally diverse nodes). Now for some commentary... While the former point above is interesting in itself, it's certainly an incomplete picture. The latter point is quite intriguing, though, since this is NOT how other splits have shown up in that data to-date... and for a two-block split I'd have expected something quite noticeable. For background, DATUM miners all run their own nodes to generate their own mining templates from their own view of the network and mempool policies. During a race on the network between multiple blocks, generally some % of the DATUM miners will see different sides of the chain and work on it as they see it until the eventual convergence brings everyone back to the same block to build on. From the pool's perspective, this is all fine, since both chains are valid and contain all of the pool's blocks. With around a thousand unique nodes run by different miners around the world, this is to be expected and gives some insight into forks overall. This latest two block reorg was different, though, as not a single DATUM miner was building on either of the two eventually-winning Foundry blocks at 941881 or 941882. From my POV, there was zero indication of a race happening until Antpool and ViaBTC's blocks were poofed out of the chain. I do see in @b10c's data that some of his nodes eventually got headers for Foundry's first block after ViaBTC's block, which makes this even more interesting since I'd presumed headers would propagate pretty quickly. If some of his nodes saw it before 941883, that makes this even more of a mystery to me. A disturbing bit is that this is actually what a 51% attack targeting removal of a couple of blocks could actually look like. Generally you wouldn't need to give a public indication of success or attempt until you were successful. That's what seemed to happen here if viewed in a bit of a vacuum. (I'm not saying this was an attack, just that this is what one would look like.) Important to know you really don't need 51% to pull off a few blocks of reorg consistently. For example, Foundry has more than enough centralized hash rate to have a _very_ high chance of success if they were to do something like this intentionally. It's one of the reasons solving mining (de)centralization is so important. A centralized pool with 30-40% of the network has a solid chance of being able to "unconfirm" transactions they don't like or want to censor, do double spends, etc. With miners working on decentralized templates using DATUM, this is basically impossible because there's no centralized control of transaction selection, even if 100% of the network were on the same DATUM pool. Anyway, I take this as a reminder that mining centralization is a problem we should keep working to fix. Let's keep Bitcoin permissionless and censorship resistant. Mine with DATUM.
b10c@0xB10C

We just had a rare-ish two block fork/reorg between Foundry and AntPool+ViaBTC. Foundry mined six blocks in a row. bnoc.xyz/t/two-block-re…

English
16
60
196
19K
Bitcoin World Order retweetledi
Jim | #BIP110 | Bitcoin, not jpegs
The risk for a selfish mining attack becomes a concern if any single pool controls over 25% of global hashrate. "[Bitcoin] will never be safe against attacks by a selfish mining pool that commands more than 33% of the total mining power of the network." Foundry has 35%. If you are pointing your hash at Foundry I would encourage you to consider a smaller pool. @ocean_mining is where I mine. Rather than hashing for a pool's template I use DATUM to build my own block templates, which further decentralizes Bitcoin mining.
Jim | #BIP110 | Bitcoin, not jpegs tweet media
b10c@0xB10C

We just had a rare-ish two block fork/reorg between Foundry and AntPool+ViaBTC. Foundry mined six blocks in a row. bnoc.xyz/t/two-block-re…

English
11
50
215
9.7K
Bitcoin World Order retweetledi
dewmap
dewmap@separ8·
Yes, There is a clear push to normalize behavior that, historically, would have been treated as abuse. As Bitcoin grows, it becomes an increasingly valuable target not just technically, but narratively. The goal isn’t simply to “spam” the network; it’s to reshape what Bitcoin is. If you can redefine Bitcoin as anything other than money, you dilute its core purpose and weaken its long-term goal: Separation of money and state. Framing everything as a fee-market issue misses the point. Fees determine who gets block space. They don’t define what Bitcoin is for. Treating block space as neutral “digital real estate” is the slippery slope.
English
1
9
34
668