Jimbo’s take on the Bitcoin policy/inscription debate:
* Witness Data (inscriptions): Already prunable! Like OP_RETURN, it avoids permanent data bloat for non-archival nodes.
* Fees/Full Blocks = Success: High fees aren't failure, they mean Bitcoin is in demand. Get used to it if you believe in Bitcoin’s success.
* Market Over Policy: Fee market naturally prices out inefficient uses over time. Let it work. Stop trying to centrally plan block space via Core policy changes.
* Core should be Consensus ONLY: Bitcoin Core should focus exclusively on consensus rules. Stop the bikeshedding over non-consensus policy (like OP_RETURN limits) within Core development.
* Balkanize Policy: Node operators deserve choice! Let them pick mempool/relay policies like Linux distros. Embrace complexity/responsibility as the price of freedom.
* Decentralize More: Block building/template construction (Stratum V2+) also belongs outside Core, just like hashing hardware and wallets.
* Trust Emergent Order: Bitcoin self-regulates via incentives. Stop the central planning hubris; trust individual choices & the protocol's design. Current debates are opportunities to push more functions out of Core.
#Bitcoin
jimbocoin / jimbocoin 🃏
npub1v9…x9q3h
2025-05-02 19:50:04
Author Public Key
npub1v9qy0ry6uyh36z65pe790qrxfye84ydsgzc877armmwr2l9tpkjsdx9q3hPublished at
2025-05-02 19:50:04Event JSON
{
"id": "f3cef68f25e94fc192ed20f29af267233e76da5a081bc341b8a778cc181c0cd1",
"pubkey": "6140478c9ae12f1d0b540e7c57806649327a91b040b07f7ba3dedc357cab0da5",
"created_at": 1746215404,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "Jimbo’s take on the Bitcoin policy/inscription debate:\n\n* Witness Data (inscriptions): Already prunable! Like OP_RETURN, it avoids permanent data bloat for non-archival nodes.\n\n* Fees/Full Blocks = Success: High fees aren't failure, they mean Bitcoin is in demand. Get used to it if you believe in Bitcoin’s success.\n\n* Market Over Policy: Fee market naturally prices out inefficient uses over time. Let it work. Stop trying to centrally plan block space via Core policy changes.\n\n* Core should be Consensus ONLY: Bitcoin Core should focus exclusively on consensus rules. Stop the bikeshedding over non-consensus policy (like OP_RETURN limits) within Core development.\n\n* Balkanize Policy: Node operators deserve choice! Let them pick mempool/relay policies like Linux distros. Embrace complexity/responsibility as the price of freedom.\n\n* Decentralize More: Block building/template construction (Stratum V2+) also belongs outside Core, just like hashing hardware and wallets.\n\n* Trust Emergent Order: Bitcoin self-regulates via incentives. Stop the central planning hubris; trust individual choices \u0026 the protocol's design. Current debates are opportunities to push more functions out of Core.\n\n#Bitcoin",
"sig": "040fce7b6712a47d489c4537e2acd89ad53f935a1edca80e8634bd246f4992d5dcb8a99f74473d80f0ef2701b1f286684a2e5a881b3c9a1547d1cb79123fd6f6"
}