when bitcoiners start caring about illegal content on the blockchain, law enforcement will start accusing developers and node runners for neglect and other crimes.
illegal content FUD is how the enemies of bitcoin used to attack us in the past. today, we're being attacked from…
Many seem to be misunderstanding some of the fundamental principles with which Bitcoin open-source development has been working with for over 15 years. Let me clarify, respectfully:
- Core is a group of professionals that cares about Bitcoin as a monetary system more than any…
Bitcoin Cash is $550, which is pretty much the price in the futures markets before the fork in August 2017. 8 years of sideways action and that's not even counting inflation.
And that's one of the "good" altcoins that haven't dropped 95%.
#BitcoinOnly
There is one major problem with using Bitcoin as money in the US.
Every transaction has to be recorded for the IRS. This is insane.
Even foreign currencies have an exemption for small amounts. At bare minimum the same should be true for Bitcoin.
@callebtc We will prune😁
users might embed data into unspendable outputs (e.g., fake transactions with no corresponding private keys), which would remain in the UTXO set permanently. Pruned nodes cannot discard this data because the UTXO set must be fully maintained to validate new…
@mattkratter@birdfIip Yes, the proof is that you can't filter out garbage from fake public keys, so we prefer a way where pruned nodes don't contain the garbage in the UTXO set. How would you filter those out if we didn't even allow op_return where we can at least identify and completely throw it out?…
@mattkratter@birdfIip > burden of proof is on you
Proof is that the chain is full of garbage so these optimizations (that you call filters) only slow down the network now that the other part accepts the payload. Call it what you want they're not meant to prevent willing participants from finalizing a…
This is a surprisingly good article - it sums up a lot of insights that took me reading hundreds of books to reach similar conclusions: blog.samaltman.com/how-to-be-succ…
@parman_the@adam3us Your arguments prove the opposite of what you're arguing for. We've lifted restrictions exactly because it's not ethical for you to try to stop others from using the blockspace.
@Scavacini777@HODLEire This isn't a religion, we all want Bitcoin to be the best money, that's exactly why we want the inevitable spam to be stored in such a way that we can safely drop it from the UTXO set. This way we can have pruned nodes that don't contain any of that garbage that's stored in…
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