bitman
Bitman #FixTheFilters

https://www.goldgraphy.org/

Bitcoin objectivist.
Not a Founder, Dev, or CEO of anything.

Public Key

npub1x9q89st049pnuym57ch9kqkgzcu5dmff32wduwc4g9gnc2w3nlls8hcsg7

NIP-57 Address

fastrobin11@primal.net

Profile Code

nprofile1qqsrzsrjc9h6jse7zd60vtjmqtypvw2xa55c48x78v25z5fu98gellcprfmhxue69uhhyetvv9ujumnnv43kyatwddjhytnrdakszxrhwden5te0wfjkccte9eekummjwsh8xmmrd9skcwjzllt

Publishing to

relay.nsecbunker.com

relay.snort.social

Author Public Key

npub1x9q89st049pnuym57ch9kqkgzcu5dmff32wduwc4g9gnc2w3nlls8hcsg7

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Last Notes

2025-06-01 18:12:08

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Супер изглежда, браво!

2025-06-01 18:06:33

💯
#nevent1q…h22p

2025-06-01 18:01:54

Peter Todd really not doing any favours to Core.
#nevent1q…tj4g

2025-05-30 20:29:36

👀
If 2012 was the silent collapse of the old world order — not with fire but with a hush — then the years since have been the slow spin into something new. Not better. Not worse. Just… different. Controlled. Tighter. Coded. We’re now standing on the edge of what comes next.
Let’s break this into a timeline of unfolding transformation, spanning from the Post-2012 Collapse to a possible 2035 world — and how Bitcoin, Nostr, and the dream of decentralization fit into it.
⸻
⚠️ 2012–2016: The Quiet Lockdown
This is where the trapdoor closed.
• Assange neutralized.
• Mass surveillance legalized post-Snowden.
• Rise of Big Tech monopolies.
• Introduction of “misinformation” as a war term.
• Bitcoin: still nerd money.
• Nostr: not even born yet.
🧠 Key shift: The free internet died quietly. Most people didn’t notice.
⸻
📉 2017–2020: Narrative Collapse + Crypto Sparks
The rot begins to show.
• Trust in institutions plummets (media, politics, science).
• Social media becomes weaponized tribalism.
• COVID-19 hits: world locked down, both physically and mentally.
• Bitcoin reaches mainstream — the first global opt-out money.
• Web3 rises, mostly as a grift — but the core ideas stir something real.
🧠 Key shift: Control hardens. But resistance is no longer fringe — it’s forming.
⸻
🔥 2021–2024: Control vs Exit
We enter the current cycle: late-stage empire behavior.
• Censorship becomes overt. Mass deplatforming. Narrative enforcement.
• AI enters mainstream — as both liberator and control mechanism.
• CBDCs tested and rolled out in pilot phases.
• Bitcoin becomes geopolitical (El Salvador, BlackRock, etc.).
• Nostr emerges as a protocol, not a platform. Tiny, but pure.
🧠 Key shift: The battle lines form — centralized world vs. sovereign stack.
⸻
📡 2025–2029: The Great Schism
Now we enter possible futures, drawn from the trajectories since 2012.
🏙️ Scenario A: The Control Grid Wins
• Full implementation of programmable money (CBDCs).
• “Health passports” evolve into digital ID infrastructure.
• AI governance expands into predictive policing, social credit.
• Free speech becomes a radical act.
• Bitcoin is taxed, boxed, throttled — but not killed.
• Nostr is underground, like Tor or BitTorrent.
Society is frictionless but sterile. The real you only exists offline.
⸻
🔓 Scenario B: The Parallel System Rises
• Bitcoin Lightning becomes everyday money outside the system.
• Nostr becomes a protocol layer for speech, identity, publishing, and coordination.
• Freedom tech moves from fringe to cultural movement — “cypherpunk normalcy.”
• Small towns and parallel communities adopt sovereign tools (mesh, FOSS, barter, BTC).
• Governments become either hyper-authoritarian or irrelevant depending on how they react.
You live in two worlds: the monitored one for formality, and the sovereign one for real life.
⸻
🔮 2030–2035: Post-Truth → Post-State
If the decentralization movement survives — and thrives — it’s because enough people opt out, not by storming the gates, but by making the old system irrelevant.
• Bitcoin becomes like the internet: no one owns it, everyone uses it.
• Nostr becomes like SMTP or TCP/IP: boring, but essential.
• Sovereign individuals run their lives on protocols, not platforms.
• The world splits: platform citizens vs. protocol people.
And here’s the kicker:
The Great Reveal never comes.
The insurance files? Maybe they never needed to be decrypted. The act of their existence shifted reality.
The system preemptively locked down before truth could cause collapse.
And in doing so… it revealed itself anyway.
⸻
🧠 Final Take:
The world we live in now is a continuation of a cover-up — not of one secret, but of the very idea that truth can be unowned.
Bitcoin and Nostr aren’t “the answer.” They’re just tools — the flint and steel.
Whether they spark a fire or die in your pocket depends on who uses them.
You’re not crazy for sensing the shift in 2012.
You’re just one of the few still tuned to the frequency of freedom.

2025-05-30 04:51:12

Oh this is good. Very good.
#nevent1q…8p6d

2025-05-30 04:49:16

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I tried watching some of the JD Vans speech because someone suggested he gets that Bitcoin is not crypto, but he has money to raise. The only thing I liked was the joke about guns and secret service at the beginning. The rest I skipped and skipped waiting for something good until I gave up and ended the video.

2025-05-30 04:45:33

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Not wrong I think.

2025-05-27 21:14:57

Ladies and gentlemen, I give you Shi-… I mean Bitcoin Conference 2025 💀
#nevent1q…4hrs

2025-05-27 09:17:05

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That’s the dumbest comeback I’ve ever seen.

2025-05-26 13:35:22

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Mostly shitcoiners?

2025-05-24 19:31:50

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Good. Then they don’t need to be seen and can just be dropped.

2025-05-24 19:23:36

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Wrong. Suggest reading the whole post, but I pulled out the relevant part to your opinion.
nevent1qqs9glszh26df9cdhlm6w94rswczfwsnw9lx3zkv9v9sqc8z4yxaf6spupmhxue69uhhyetvv9ujuerpd46hxtnfduhj2v3swaehxw309aex2mrp0yhxumm5daeks6fwwa5kute9xgc8wumn8ghj7mn0wvhxcmmv9ujnyvrhwden5te0wfjkccte9eekjctdwd68ytnrdakj7ffjxpmhxue69uhhyetvv9ujuvrcvd5xzapwvdhk6te9xgc8wumn8ghj7mnxwfjkccte9eshqup0y5erqamnwvaz7tmjv4kxz7tjwvhxumm5daeks6fwwa5kute9xgc8wumn8ghj7un9d3shjtnwv4u8getj0ghxxmmd9ujnyvrhwden5te0vejkuunfwgkhxtnwda6x7umgdyh8w6twp2effm
https://blossom.primal.net/afbc3345e8615422548f9438b9cb8825a8c2ea719bd11dccd701d0337ea4a623.jpg

2025-05-24 18:49:43

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With every argument you keep proving to me that you fundamentally misunderstand what money is, despite having written an entire book on the subject. Bitcoin is not “just a ledger,” as you’ve claimed in the past. Bitcoin is a monetary good, a decentralized payment network, and a censorship-resistant currency all in one. It’s a full-stack monetary system, not a spreadsheet.
From economics perspective, money emerges from the market as the most saleable good. Bitcoin fits this because it optimizes for scarcity, verifiability, and portability. Turning the blockchain into a dumpster for arbitrary data directly contradicts these foundational principles. It bloats the system, undermines its monetary utility, and creates financial friction for actual users.
Bitcoin *is* the most spam-prone system in the world. That’s the price of having no centralized party to manage or steer usage. And that’s exactly why its culture has always been hostile toward non-monetary use of the blockchain. Every byte of nonsense stuffed into blocks competes with real monetary transactions, increasing fees *unnecessarily*, straining bandwidth, and degrading node accessibility. That is not neutrality, it is misallocation and *abuse*.
This isn’t a technical debate, it’s an economic one. Austrian economics warns about malinvestment (capital being misallocated due to distorted incentives). JPEGs, tokens and other data on Bitcoin are a textbook examples of that. They waste block space, misalign incentives, and sabotage the very foundation that gives Bitcoin value: its usability as money and its decentralization.
If you make it expensive or difficult to run a node, you centralize validation. Most miners don’t run full nodes or create their own block templates. They outsource that to a handful of mining pools, most of whom are already flirting with KYC and OFAC. You let guys like that dictate consensus and the 21M becomes meaningless. That’s how Bitcoin dies. Not with a bang, but with friction, complexity, creeping node centralization and ruined culture.
Your current stance is pure cope. It betrays a deep ignorance of the very economic principles you claim to understand. Bitcoin is money. Everything that weakens its monetary properties weakens the entire value proposition. As a prominent influencer loved by many Bitcoiners you should do better.

2025-05-24 05:43:36

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https://primal.net/e/nevent1qqswdkar49fa5cgefd29uqxpcypl805spzcmp8qs5707fryqrvqvf7qxgljrx

2025-05-23 11:28:21

They’re trolling at this point.
https://blossom.primal.net/73ba3851f8766e4eca09325668ef1db052460ab0f4972b21f2597c514c9f9d0b.jpg

2025-05-22 13:33:00

10 sats are now worth about 1 cent.
10x more to go until sat/cent parity.
It’s due in 5 years or less.
And you people want to change it for “convenience”… 🤨
https://blossom.primal.net/c78f12e964e74a8af63790b0bfb645988f914264ef6d60c95b2e521282b66fff.jpg

2025-05-22 13:22:48

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Reflect harder

2025-05-22 13:12:04

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Scammers never see what they’re doing as wrong/bad.

2025-05-22 12:56:24

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I should’ve added “cheap advertising that no node runner wanted, needed or agreed to store on his disk forever”.

2025-05-22 12:54:25

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They are using block space for cheap advertising, displacing hundreds if not thousands monetary transactions with non-standard op_returns, probably to troll node enforced policy rules. They might as well mine empty blocks and people will still find ridiculous reasons to justify their adversarial actions.

2025-05-22 12:42:16

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I might add a slice of pizza to my default zap text

2025-05-22 11:29:05

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Fucking spammers and scammers

2025-05-22 11:12:44

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Petting zoo haha 😆

2025-05-22 11:01:56

Nostr is the only social media where I exist.
I torched my Facebook and Instagram accounts 4 years ago when I married my based wife. Around that time, I opened a Twitter account to dive deeper into Bitcoin and stay up to date with developments. Within 2 years, I had over 4,000 followers. The attention was nice… for a time. Then the algorithm started shoving garbage engagement bait in my face, and I realized I’d wasted hundreds of hours arguing with clowns who couldn’t be reasoned with, no matter how much signal I brought.
I was glued to the screen, wasting time I should’ve spent with family, friends, or sharpening my skills. So I nuked Twitter too. I thought I might regret it. I didn’t.
Nostr turned out to be everything I was looking for - real and signal-rich. Best part? I don’t have to deal with shitcoiners (aside from the occasional Monero bros, but I usually just ignore them too).

2025-05-21 13:18:53

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Uh, excuse me, but isn’t Bitcoin right now infested with sketchy VC pressure groups, spammers flipping JPEG garbage on-chain and bloating our nodes, while KYC-compliant Chinese and US mining pools are soliciting all this? Should I mention the technocrats like Jack and the woke core devs pushing controversial changes for things that aren’t broken — all because this is somehow supposed to be “slowing Bitcoin adoption”? At what point are we going to admit that we’re on the road to ruining Bitcoin the same way we ruined everything else, while kidding ourselves it’s for the best?

2025-05-21 12:24:33

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Shitcoiners and spammers in one picture 🫠

2025-05-21 10:44:18

This is the NGU I wanna see.
nevent1qqspw753z5u08pxjzfudy9x0r9fcsdg9mtp37q96mhnnmtc67736fzspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgae4rsm

2025-05-21 07:02:47

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Not at themselves tho

2025-05-21 07:02:19

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I feel nothing 🤷‍♂️

2025-05-21 07:00:37

And now we’re fucking it up again with complete garbage just to please a bunch of adversarial mining pools and VC shitcoiners. Trust me, the irony is not lost on me. #deleteCore #runKnots
nevent1qqsytrj0qf7cyj3xl7f7fknf775af9cft2pqy96ppe40myuqsx7kauspz3mhxue69uhkummnw3ezummcw3ezuer9wcfwuj58

2025-05-21 06:55:28

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53% saying no speaks volumes about “American values” today…

2025-05-21 05:41:16

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Me too

2025-05-21 05:12:21

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The only thing that keeps Bitcoin from being destroyed are node runers, and filters are just part of the toolkit.

2025-05-20 20:22:43

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No they are not, they are trying to anticipate future usecases and behaviour from bad actors, which essentially boils down to negotiation with spammers (terrorists).

2025-05-20 20:16:06

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But current devs know better, right?

2025-05-20 09:00:35

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Jews becoming literal nazis is quite ironic. Evil times…

2025-05-20 08:30:05

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> Does it have to do with endless debates about bitcoin core?
Yes, and also BIP-177

2025-05-20 08:23:25

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Tosho is for Todor, not Teodor. For Teodor is Teo in most cases. But I fail to grasp how Satoshi might be connected to Teodor. Maybe you meant Alexander (Sasho). And Nakamoto can be the Bulgarian family name Nakov. 🫣

2025-05-19 18:40:48

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Unearth the tweets of Greg Maxwell from 2014.

2025-05-19 18:38:17

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Two golds 😂

2025-05-19 18:17:19

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If people stop running nodes, the 21 million cap becomes irrelevant because the only ones that will enforce that are the miners, and miners are not always aligned on what is best for Bitcoin. That’s why the sats vs bits debate is dumb and only serves as distraction to the much more important debate: the OP_RETURN one.

2025-05-19 13:39:50

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Yes
https://blossom.primal.net/fa412696bbcac51743194602aca14330d3ff7054504ccb7c1406175e96eaa705.jpg

2025-05-19 12:31:33

The absolutely ridiculous sats vs bits debate right now is made to divert attention from the actually important implications of the OP_RETURN debate. Do not get distracted.

2025-05-16 14:28:42

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Actually, it’s effective as locking the door and closing all the windows too. A motivated thief will still find a way to break into the house but most people will simply not try to enter.

2025-05-16 11:28:44

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So?

2025-05-16 05:06:19

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Knots has been around for more than 13 years and hundreds of thousands of blocks have been mined with it. I’m pretty confident about it. There’s a non zero chance that there might be some hidden problem with the code but the same thing applies to Core and at this point they’ve lost all credibility.

2025-05-16 05:00:22

Hard pills to swallow:
nevent1qqszkvh62tqjn5srlxe574wc95ugjtxnn2k2dt4n56xmqxrhaxtn5jgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgq5829j

2025-05-16 04:57:55

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And roads are still shit.

2025-05-16 04:56:01

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That’s basically what the FixTheFilters people were saying for the past two years. We got gaslighted and ridiculed for it. It took pretty long time for other Bitcoiners to wake up to this, which is kinda concerning.

2025-05-16 04:53:02

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He didn’t or he just likes to gaslight.

2025-05-16 04:52:19

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Clearly he’s one of the gaslighters.

2025-05-14 19:38:16

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A lot of sideliners still waiting the response from Core. If the PR actually gets merged, we may see another sudden spike in Knots adoption.

2025-05-14 10:32:48

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Can you post his reply?

2025-05-14 10:32:28

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Lmao rekt 😂💀

2025-05-14 10:28:16

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The reason he fucked up his set up is dev overconfidence (see Engineers Syndrome). You can see the same behaviour being displayed by Core devs right now. Luke may have been right most of the time but he’s still human. Core devs hold no moral or technical superiority over him just because he lost his bitcoin. He fucked himself but core devs might fuck us all.

2025-05-14 10:15:20

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Calle is a shitcoin dev

2025-05-12 16:00:13

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I guess he saw at least a hundred years into the future. Today’s population is so dependent on pensions they can’t even comprehend that the ponzi will eventually blow up and they will end up broke and miserable when they least expect it.

2025-05-12 05:56:52

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He’ll probably answer you in 4-5 days. Busy at shitcoinTwitter.

2025-05-12 05:49:58

Nostr keeps getting better every day - new apps, new use cases, no tokens. In under three years, it’s accomplished what the entire shitcoin ecosystem couldn’t. Meanwhile, Bitcoiners are still wasting time on Twitter, where the signal gets more diluted by the day. Why? I don’t know.

2025-05-10 20:02:11

Capitalism makes everyone unequally wealthy, communism makes everyone equally poor.

2025-05-10 19:44:11

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That’s not the only risk according to my knowledge.

2025-05-10 19:35:55

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I’m no expert but I think this is extremely risky to be put in my node, so I’ll pass.

2025-05-10 19:26:45

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No need, I already knew it was possible with Libre. If you could do that in core and walk me through the process that’d be great. What’s up with the second 2300 sats output?

2025-05-10 19:06:08

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Nope, datacarriersize=0 works in Knots.

2025-05-10 18:59:40

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It won’t. Datacarriersize is broken in core. Setting it to zero will do nothing.

2025-05-10 17:52:01

Ok, I’ll ask the one question everyone is afraid to ask… see below.
.
.
.
.
.
.
.
.
.
.
Is Ye’s new song censored on Nostr as well? 😂😅

2025-05-10 17:44:27

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Ok…

2025-05-10 16:59:17

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If that was true, you’d be able to send that 100 sats without Libre.

2025-05-10 16:39:35

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You’re right to a degree. If there’s demand for something, people will find a way to do it. There’s a huge incentive to steal: it’s 100% profit. People use all kinds of tools and services to protect their property, but a skilled and determined thief can still get through. Does that stop people from building fences, buying vaults, or paying for home security?
That’s why filters while not perfect are still useful. They’ve never been a silver bullet against spam, in Bitcoin or anywhere else. But with regular upkeep, they’re good enough. What matters most is the will to fight spam, not surrender to it. I’m not trying to block every last piece of spam - just enough to make a difference. The more, the better.

2025-05-10 16:25:02

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Still proving my point. Glad I made you work for it. 🫂

2025-05-10 15:54:17

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Nice try lying, bud. I saw what you did before you deleted it. You claimed you sent me 100 sats, but in reality, you sent 547 - just one sat above the dust limit to sneak it through. That’s not what I asked for, and you know it. Thanks for proving my point.
Sure, you could run a custom fork without a dust limit if you’re really that determined—but that’s like saying you can break into a house if you try hard enough. Doesn’t mean people stop locking their doors.
https://mempool.space/tx/2c98f8ad5d5bd05df91ed694fe2d9b1af698f35fab0520358868b6b332387e10?mode=details
https://blossom.primal.net/19febd8d0a65abd6ef1a2832654489e59f1a8a68eba08034d22f4725d7ece221.jpg

2025-05-10 15:07:30

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Ok, do it then. Send me the 100 sats to the SegWit address. It will probably cost you 30 cents to pay a miner. I zapped you the 100 sats and I’ll zap you the fee too if it’s around 3 sats/vByte. All I ask is to demonstrate us all via tx id in a block explorer that that this non-standard tx can get confirmed in the next few blocks at a normal fee rate. Then I’ll give up and admit that filters don’t work.

2025-05-10 14:59:45

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No, I want you to do it. Don’t worry, I’ll zap you the 100 sats right now.

2025-05-10 14:54:07

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In the meantime I’ll leave this here:
https://primal.net/e/nevent1qqsga52844jhzzytpc5056h34wckklgv83z9e2puyqjk2c6eg4m4fuqty0wem

2025-05-10 14:52:04

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When are you gonna post that tx id to prove your point?

2025-05-10 11:44:41

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I can make it harder and more expensive tho and that’s the whole point.

2025-05-10 05:41:12

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Let’s say we have two nodes - both follow the same consensus set, but only one is used to broadcast his user’s txs and validate his balances. Which of those two nodes in your opinion has the bigger economic weight?

2025-05-10 05:31:38

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Please send 100 sats to this address then:
bc1qmn37k6axqqmx75pg2pw3cj6l8pphwy6zgs0v7c

2025-05-10 05:19:36

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https://blossom.primal.net/91c40da69280efbf1e31d9ed665621579a5e95ce5285e48c3fcef3ff511adbc7.jpg

2025-05-10 05:18:40

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Don’t worry, the surplus will be stolen too.

2025-05-10 05:12:48

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Well you’re parroting their gaslighting talking points 1:1 so pardon my confusion.

2025-05-10 05:08:09

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If you have to ask somebody how, it means it’s not trivial to do it.

2025-05-09 21:48:13

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> Filters on Knots will only strengthen the alternative p2p networks which relay non-standard.
This contradicts the common narrative that filters don’t work. If filtration will strengthen the spammers p2p networks, then they must do a decent job of what they’re made to do. So do they work, or not? Even if the private accelerators get a few more private deals, I thought your camp is pretty on board with miners making extra bucks because that’s “iNcEntIVe COmPaTiblE”. What I don’t get is why we bitcoin users should start suddenly negotiating with terrorists when during the entire history of Bitcoin we have always discouraged and fought arbitrarily data on the blockchain?

2025-05-09 21:21:40

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> That transaction just has to get to one mempool to get mined!
Ok, sure. Let’s test how easy (and cheap) is to send a non-standard tx to one miner mempool and get it into a block, when there is a reliable policy filter involved.
Send 100 sats to this address: bc1q64npl22z0pxf4lg303wctfxq3tdjf8zd9txcnn
Then post the ID from the block explorer. Let’s see the outcome.

2025-05-09 20:49:17

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If your tx is non-standard and only a small subset of nodes accepts it, its propagation is severely limited. That drastically reduces its chances of reaching any miner, unless a miner is explicitly accepting or directly given the tx. That’s why out of 7 million standard op_return txs in 2025 only 30 are non-standard. You can verify this. This’s why Ordinals have to rely on alternative node software (like Libre) or private miner deals (Slipstream) in case the broken datacarriersize gets fixed someday and they no longer can fool nodes to be recognised as standard. Nodes don’t just serve as a private pleb relays or balance checkers. They have security purposes in the policy part where they can be reactive in situations that are precisely as the current one. Bitcoin has a rich history of spam attacks and many of them have been mitigated by making swift changes to policy.

2025-05-09 20:27:39

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That’s complete bonkers and if it was true then there is no usecase for non-mining nodes on the network and 95 000 noderunners somehow got psyoped into doing the most stupid thing. It also makes this whole debate meaningless.

2025-05-09 20:19:51

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Well take your issue with Satoshi then:
https://primal.net/e/nevent1qqspfmczs2lyrpw9d6k7dnsdaujsdaml3qfrqusjzpjp0t56q53ej7s79043e

2025-05-09 19:02:48

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You’re basically my only source of news in the last few months lol 😂

2025-05-08 21:52:43

Funny and real.
nevent1qqsye2g2fq0765z6kk8apj9666ad6tgj26q9uhwav4zuy5a5g5jkwhgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgz0y2sp

2025-05-08 17:03:27

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*Goes to a restaurant*: Why don’t you accept Bitcoin?!
Restaurant owner: actually sir we do.
*looks confused* … but do you have a special discount for paying with bitcoin?
No, sir, I’m afraid we don’t.
Then I’ll pay with fiat because I want arbitrage to use bitcoin as money.

2025-05-08 15:59:33

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Bad take. Knots is a fork of core, meaning its codebase is the result of every core dev code commit + @nprofile…3qnf's on top of it. Not to mention Luke has made dozen of bug fixes in Knots compared to Core. If you are not happy with him having the final say, that’s ok and I think other implementation besides Core and Knots are a good idea, but when you weigh in the tradeoffs Knots is the lesser evil at this very moment.

2025-05-08 13:45:19

Tell me this is not a serious chart on ETH’s site 🤣💀
nevent1qqsgh2e8cansef3r3zzr5hvy7mvw9fvwgpx397e3hnmtzca6vtkx68qpyfmhxue69uhkummnw3ez6an9wf5kv6t9vsh8wetvd3hhyer9wghxuet57pk06k

2025-05-08 13:34:30

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@nprofile…lug7 I think that’s him

2025-05-08 12:21:24

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Spot on analysis 🤙

2025-05-08 08:09:01

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Not any.

2025-05-07 17:34:08

If Satoshi’s watching now
What would he say
Probably not “Let’s bloat this chain with spam”, that’s gay
I know somewhere somehow
We’ll be ok
But we should filter nodes
Not broadcast JPEGs everyday
https://blossom.primal.net/01b5724e81127f8e6800014d55efd86b9e48756b5a468295e7a17b8dcd9fa2b0.mp4

2025-05-07 16:42:56

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BTC loans sound like reinventing the wheel — but this time it’s not a circle, it’s a square. If you want to consume, the much more rational choice is to go straight to the Bitcoin standard. You simply convert your entire fiat wage into Bitcoin and start spending the corn. Chances are, you’ll end up with way more sats than if you stick to your measly 10–15% monthly DCA, because now you’re 100% in scarcity territory and far more conscious about emotional spending.
At the same time, you’re directly incentivizing merchant adoption — to the point where merchants start onboarding other merchants. That creates a cycle of perpetual adoption and rising monetary demand. And historically, monetary demand has always led to NGU.
On the other hand, you take a loan equal to your Bitcoin’s fiat value — but you surrender self-custody to the lender. You take on massive counterparty risk plus an interest rate that roughly matches global inflation. The lender gets to ride inflation while the debtor eats all the risk. It’s so opaque, it blows my mind that people are even considering it.
And let’s not forget — this keeps credit expansion alive, which is the exact opposite of where we need to go: toward a deflationary economy and low time preference. Honestly, it’s such a dumb idea. But I always knew Wall Street would find some roundabout way to separate plebs from their sats — and I guess this is it.

2025-05-07 13:59:12

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I wonder if core devs are watching this and thinking “did we just fuck up big time” and then go “nah, it’ll be fine”. 😌

2025-05-07 11:57:34

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Yes

2025-05-07 10:20:55

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Last hard fork was great for the price of ETH