Chain. Anchor. petertodd.org/2016/mit-chain
Stop acting like your enemies are bumbling around cluelessly with no plan or end goal. They are not.
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Bitcoin Isn't About You
@brian_trollz
bring down the government, they don't speak for us A.K.A. = shinobius monk beep/bop/boop
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This is half of this space at this point:
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Its essentially a hash lock. You literally can't spend the coin without revealing the inscription data.
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I heard an argument the other night that inscriptions trick bitcoin because witnesses should only have signatures or signature-like things (hashlocks, timelocks). But the datapushes in an inscription are committed to by the root of the taptree. Inscription data IS a hash preimage
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While dumbasses cry about jpegs:
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Bitcoiners have literally lost their fucking minds.
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Holy fucking shit, its like everyone in this space has all simultaneously hit their heads with a fucking rock and forgot the last ten years of discussions, tradeoffs they illuminated, and the decisions made in the aftermath of that.
What the actual fuck is wrong with you all?
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This is an economic reality regardless of Ordinals or Transcriptions. Demand exceeding block space produces this effect, period.
If this is your argument BSV and BCH are both there for you to use. twitter.com/PriusOmega/sta
This Tweet is unavailable.
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One of those thoughts that just pops in your head trying to sleep: why does no streaming service directly poll users over opinion of possible show cancelations?
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You will never get the Bitcoin you want to have. If you dont get that, you never really understood.
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This is how the reality of transcriptions work economically. Being scared of this pricing out use of Bitcoin to transact is ludicrous.
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Replying to @timpastoor
And tldr of economics of silly transcriptions: my 10 cent fee to spend money 10xing is 1$. A 2000$ transcription TX fee 10xing is 20,000$. One is much more resilient to fee pressure than the other.
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Not much to debate… the bickering is pointless. No one needs permission to make inscriptions. So your are left with 3 choices:
When you make a selection it cannot be changed
Roll back taproot
“Fix” with yet new risks
Inscriptions are ok
Show answers
2,774 votes4 days left
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Just realized you could save a lot of space/cost just storing signatures, xpubs, and a deterministic policy to reconstruct the transactions the signatures apply to.
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People shrieking about ordinals and taproot witness data. Is it still bad if I can actually use it to help secure my money and make vault schemes robust against the loss of pre-signed transactions? twitter.com/brian_trollz/s…
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Just implement witness pruning already, ffs.
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This both gives a smidgeon of hope and makes my insides hurt at the same time.
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Parman's solution to #Bitcoin 's ordinal problem.
A Taproot Parman's Vision #Bitcoin node will act as a pre-Segwit node for offensive blocks but a Taproot node for the others.
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Multisig is altcoin stuff on Bitcoin.
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Replying to @kristapsk @pleberean and @brian_trollz
Ok before they were using muiltisig to store data, quite cumbersome therefore much more protective of the trilemma IMV. Even multisig I find it altcoining stuff when done inside Bitcoin. I believe Satoshi was at the time experimenting quite a lot and not all is needed on-chain.
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This is fractally funny for so many reasons.
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Here we go.
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Starting in 10ish, had to get beer so I can deal with you idiots.
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People literally think witness data has no size cap.
This space has become nothing but echoes of people who dont know what they're talking about riled up by idiots just looking to keep a flock of sheep.
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Replying to @brian_trollz
Oh really, and what is the size cap for the segwit of a block?
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3 hours and 48 minutes from now:
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If I hear one more idiot ask "what if someone puts a bad picture in the blockchain."
You have ALWAYS been able to put random data and pictures on the blockchain. You literally cannot stop it.
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I hearby invite all people scared of jpegs to sell their Bitcoin.
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With each block that gets mined...Bitcoin's dicking gets deeper.
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I wish people spent as much time working on and thinking about greening deserts as they do yelling about carbon emissions.
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People shrieking about ordinals and taproot witness data. Is it still bad if I can actually use it to help secure my money and make vault schemes robust against the loss of pre-signed transactions?
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Might fuck around and store some hash locked pre-signed transactions on chain in some witness data.
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Might fuck around and store some hash locked pre-signed transactions on chain in some witness data.
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Nostr + LN node = just do LNURL over Nostr.
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Autism literally is its own language at this point.
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Censorship. Resistant. Network.
If you are crying about people doing things you don't like with it, you have completely and utterly lost the plot.
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No, the witness discount was not a "fuck up" that didn't think about "real resource consumption." It was very deliberately and intentionally done to correct a very bad incentive misalignment that would have been a huge burden on validating nodes in the long term.
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Me silently judging everyone for constantly having amnesia about everything:
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Replying to @fiatjaf and @benthecarman
Because the entire point of it was to try to correct the incentive imbalance and asymmetry between the cost of creating UTXOs versus combining them.
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And that's assuming the stupidity doesn't push fees up past 1 sat/vbyte, which is definitely would. This is a scary DoS issue? lol
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If my early morning napkin math is correct, this idiots plan is to spend 7.5 BTC at 1 sat/vbyte, so 172,500$, to put a video on the blockchain, that in the process is still capped per block by the blocksize.
This is the type of stupid shit people are freaking out about.
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Might stick a 3GB video on BTC and concatenate it into 6000x 500KB chunks. Let's see if any non-mining RasPi home nodes can stop me...
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What could this space be discussing right now...
1) APO and the trade offs it presents to get massive efficiency gains for Lightning and other second layer protocols.
2) Covenants and how flexible they can be without being dangerous for the same gains.
3) Cry about jpegs.
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Most Bitcoiners are legitimately just morons.
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Bitcoin will be used for plenty of non-monetary things. You cannot stop it. There is no problem with that beyond how things are implemented, IF the way they are implemented has negative effects on system incentives.
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That type of framing does absolutely nothing to facilitate conversation. It just breeds swarms of people who don't fully understand what they're talking about blindly repeating inaccurate hyperbolic nonsense.
It just amplifies noise.
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