
Chode Rogan
858 posts

Chode Rogan
@choderogan_
inappropriate social commentary…mostly trash
















OPNet raised $5M to "build the infrastructure Bitcoin was missing". The VCs and angel investors gave it to them in expectation of receiving the $5M, plus some, back. How will OPNet return the $5M+? At the highest level, money will flow from customers, to OPNet, to the investors. Who are OPNet's customers? Right now we know 375 of them. At least they're highly likely to become paying customers. They've been testing their dApps with OPNet for quite awhile. They're found here. vibecode.finance/ecosystem?cat=… I encourage you to scroll through them. You'll find dApps like: OPNET POKER, Bitcoin Roulette, OP Raffle, Vibe Check NFT Generator, Bitcoin Confessions, OP_Gallery (upload your selfies), OP Drop (token air drop tool), etc, etc, etc.. So money is going to somehow flow from app end-users to these 375 companies, then to OPNet for enabling their dApps on Bitcoin. Then a portion of all that money will somehow flow to the investors. All this to enable people to play poker, play roulette, generate NFTs, Confess, upload selfies, air drop tokens, etc, etc, etc.. ... on the Bitcoin network. To accomplish this OPNet will be exploiting SegWit and Taproot, putting non-bitcoin related data on the blockchain. Data that every node will have to download, store and relay, forever. That makes nodes more expensive, which means fewer people will run nodes, which means bitcoin is less decentralized. This also introduces malincentives because now you have a lot of VCs needing a return on their investment. And the only way that's going to happen is if there are a lot of end-users paying to use the Bitcoin network to play games, generate NFTs, etc, etc, etc .... you get the idea. So the race will be on to make sure the Bitcoin network can support these non-bitcoin activities. A lot of resources will be allocated not to keeping Bitcoin for immutable money, but optimizing it for all these other activities. What's the problem with that? Nothing if the purpose of Bitcoin was/is all these activities. But it's not, Bitcoin's sole purpose is immutable money, nothing else. There's a way to keep Bitcoin focused on bitcoin. Node runners can run software that optimizes for bitcoin transactions while mitigating these other activities that burden nodes and introduce malincentives. This software optimizes the Bitcoin network for one thing, immutable money. It keeps bitcoin transaction sizes small ... just big enough to efficiently send and receive bitcoin. It just limits the quantity of bytes, regardless of the quality or meaning of those bytes (so no censorship or subjective filtering). These smaller transactions sizes are not conducive to non-bitcoin usage. It makes it more costly, cumbersome and technically complex to do anything on Bitcoin other than receiving, storing and sending bitcoin. It would significantly reduce burdens and malincintives from other activities. If you believe Bitcoin (the network) is for bitcoin (immutable money), and nothing else, I encourage you to look into these node software options. They're not hard to find.














RUMOR: MAJOR CYBERATTACK UNDERWAY TARGETING AMERICA’S CREDIT CARDS IRAN IS TRYING TO WIPE AMERICANS CC DEBT TO DESTABILIZE MAJOR BANKS












