John Peter

[Samson Mow @Excellion]

BIP110 supporters are pioneering a new type of attack: the 1% attack.

If successful, it would show how trivial it is to attack the Bitcoin network. Just rent 1% of the hashrate and spin up 3k nodes. Attackers can be incredibly disruptive and waste massive amounts of time for exchanges, miners, and HODLers.

The actual monetary cost?

Rented hashrate: $0 before forking, as it’s still mining BTC; post-fork ~4.5 BTC per day.
Nodes: 3k nodes for $15k a month.

The solution to mitigating 1% attacks is simply to be pragmatic and disregard them. If you entertain them, you set a precedent for more in the future since the cost is so low.

This is why BIP110 must fail.

[Michael Saylor @saylor]

https://t.co/jxVUKqTMG3

[John Peter @Julius_Spater]

@BitcoinSapiens I would encourage this guy to do more research on the subject.

[Jeff Park @dgt10011]

Pay attention, the bond vigilante is trying to tell you something

[Michael Saylor @saylor]

The impulse to change Bitcoin’s rules merely to prevent others from using Bitcoin in ways you disapprove of is statist and alien to a community rooted in liberty, property rights, free markets, natural law, and Austrian economics. BIP 110 would impose monetary purity by fiat.

[John Peter @Julius_Spater]

@saylor @Strategy Our next stop is Valhalla 🚀

[Michael Saylor @saylor]

https://t.co/wmUErVBFOo

[COLDCARD @COLDCARDwallet]

Your bitcoin isn't truly yours until you control the keys.

Self custody is the whole point.

COLDCARD helps you take that responsibility seriously.

[John Peter @Julius_Spater]

@benjamincowen Core Inflation

Actual: 2.6%
Estimated: 2.8%
Prior: 2.9%
What I’m seeing in real life : 20%

[Jack Mallers @jackmallers]

Satoshi solved digital scarcity. Bitcoin solved money.

When someone tells you they need another token, a money where they're the central bank, ask: Why?

If your product is valuable, why does it need its own money?

No man should work for what another man can print.

[John Peter @Julius_Spater]

@LawrenceLepard @RustinPeace_SB Mark calls CPI “CPLie” for a reason 😹👌🏻

[John Peter @Julius_Spater]

@crypto_banter But how can Tom still talk nonsense when he’s sitting on a $10 billion unrealised loss on his ETH investment? 😹

[John Peter @Julius_Spater]

@EricTrump This isn’t a smart post. You should stick to your company’s Bitcoin-focused branding and avoid venturing into the shitcoin space 🤦🏼‍♂️

[Michael Saylor @saylor]

There are 110 things more dangerous to Bitcoin than spam.

BIP 110 turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions.

That precedent is the danger. We should save our energy for threats that really matter. $BTC

[Jack Mallers @jackmallers]

Don't let anyone convince you that Bitcoin belongs to Wall Street or big corporations.

Its strength comes from the millions of people around the world who wake up every day and earn, save, stack, and hold.

You matter. Bitcoin has always been a grassroots monetary revolution.

[Michael Saylor @saylor]

After a decade of blockspace fears and non-monetary-use panics, Bitcoin still has no spam problem. Fees are 1 sat/vB: anyone can move any amount globally with immediate processing for ~$0.30. The free market has always solved Bitcoin’s blockspace challenges. $BTC

[John Peter @Julius_Spater]

@SenLummis The banking mafia would never accept such thing. Just go retire and forget it.

[viramimoza @viramimoza]

🤍🧡🩷✨😻🐥🐣🐤

[John Peter @Julius_Spater]

@Rajatsoni @saylor Lol