BITCOIN 101: UNDERSTANDING BITCOIN
#Bitcoin is an open-source protocol that enables peer-to-peer transactions without the need for intermediaries. The network is secured through cryptography and operates on a public ledger known as the blockchain.
BIP110 was not to fight spam. It was to prevent CSAM attacks.
BLAKE2b wasn't either - it was to restore functionality to the network after the miners attacked it.
Neither was the long maturity - that was to fight Stratum pooling.
Bitcoin fights spam with filters. And it's very effective. From nearly 2 MB of spam per block to 120k is a 94% reduction. And as you notice, Plumb is paving the way to reduce it further.
Spam is still bad, but no longer a serious problem for Bitcoin.
Please never forget how taproot scriptsig played out….
We promoted it for things it was never used for. It was used 99% for spam. And then we said “we didn’t specify a use-case, so it’s fine”
Specify the use-case for the new OP_BS. If not used as intended, remove OP_BS
Watch how institutional power is not merely normalized, but openly celebrated in Bitcoin's social layer.
Wealth, status, access, and proximity to power are elevated, while Bitcoin's founding principles, including sovereignty and the separation of money and state, are ridiculed.
The values of the fiat system Bitcoin was created to challenge are being repackaged as Bitcoin's path to success.
On November 5, Mars Spits Bars takes this worldview to BTC Inc's Bitcoin Amsterdam, on a Whale Pass-only panel titled:
“BIG BITCOIN: IN CONTROL?”
The CAPTURE articles documents the institutional relationships and mechanisms of influence.
Bitcoin's social layer is the final line of defense against complete institutional capture.
But if that very social layer is being conditioned to celebrate institutional power, ridicule principled opposition, and attack those exposing its concentration, who exactly is left to resist it?
CAPTURE Part 4: THE MACHINE
The fourth and final installment is out.
Bitcoin Magazine wasn’t just covering the fight over Bitcoin’s future. Its parent operated an Ordinals trading desk, invested in businesses tied to the ecosystem, and maintained editorial policies that exempted parts of that same business.
Then came an $80,000/month marketing contract, with an option for Nakamoto Inc. to buy BTC Inc at a valuation tied to its earnings, in a window that included the OP_RETURN fight. Nakamoto exercised the option.
Readers were not consistently told about these commercial relationships.
A documented investigation into the commercial interests and media infrastructure surrounding the Bitcoin Core controversy.
https://t.co/yJ7vBoYoVf