@privacymatter21@Madosatoshist@BTCtoOblivion@saifedean Blakecoiner here:
Thank you. Everything that Saifedean argues for in this clip is in alignment with the core mission of Bitcoin. Implementation details like POW algo or spam filtering has no bearing on the intent: that money rises from we the people, not from central bankers.
@BillBadjumanji@miasims@dariodangelo91 The dummies are the ones who replaced their faith in God with faith in the dollar, the schools, the state, the science, the greater good, etc.
We are all religious. Some of us are just more honest with ourselves.
@roland36456@LapiuPepe This. My study replaced all the hours of financial due diligence, aka homework for the middle class. For others, it would divert time away from sports, or politics, or family.
For Bitcoin to break through the ETF barrier we need dead-simple payment UX and something to buy w/ it.
@lephonix23@shaunsomers I'll just leave these here. https://t.co/yuREWpGdzo
โWe define an electronic coin as a chain of digital signatures.โ
-Satoshi
https://t.co/2FKyxwCEjX
@lephonix23@shaunsomers Last I checked, the whitepaper makes no mention of block size limits or opcodes. Those are implementation details
One could read the whitepaper and come to the conclusion that any one of the major chains is the real Bitcoin. What matters is they actually started their journey :)
@BraveNewBooks@Go1denPonyboy@C97478318 To elaborate, I think we've gotten used to this insane idea that highly regulated, commercially pooled miners "protect" Bitcoin.
The reality is quite the opposite: they are overlords, and the sooner we take sovereign mining seriously, the sooner we escape the feudal ages.
@BraveNewBooks@Go1denPonyboy@C97478318 I've mined for years on both residential and commercial electric. The real profit is not in the block subsidy + fees; it's in protecting the most value network ever devised.
*commence retardation of JFK's inaugural "Ask not what your country can do for you..." speech*
@PaavoKuronen@AZteacher@saifedean Only a few companies in the world can manufacture CPUs and RAM -- same as ASICs
A low energy input + high capital input model like Monero's will naturally centralize.
High energy networks (Bitcoin) cannot centralize geographically, because energy is distributed geographically.
@PaavoKuronen@AZteacher@saifedean Similar to Monero, we can't structurally know how much gets transacted over Lightning. River's 2026 report found at least 5.2M transactions moved at least $1.17B in value in November 2025, compared to 750k XMR transactions.
Apples to oranges, yes, but Lightning is hardly tiny.
@venturetwins >"Let's talk money. What are you salary expectations for this role?"
>answers
>"The pay is $4 an hour, and it's non-negotiable!"
At least she doesn't have to go home and pretend to be a loving wife after the interview.
@HeSpeaksNStuff The price crashed when the mining cartel forked off, and the Bitaxes and meaningless small/medium miners had no choice but to fork off with them.
@ACCox1@MayaPar25 Amen. But what happens when the 5 large mining pools announce OFAC compliance measures and refuse to build on a chain containing your "illegal" transaction?
It's hard to disagree with any of this.
Separating money and state is a process, though. Like separating religion from state in Western history, there were big strides interleaved with countless give-and-take events.
Progress then setbacks
Bulls and bears
We can't lose hope
I am currently of the opinion that it is likely impossible to separate money from state. I got into Bitcoin for just that. I was so hopeful and excited by early Bitcoiners who understood the mission. Now however its just a fog of KYC on and off ramps and influencers talking about stablecoins, ETFs, and Saylor. None of these allow me to pay for all my goods and services privately without permission. Yes I can do it a few niche shops or buy gift cards, but those will soon be shut down by governments, or stop due to lack of activity.
Don't fool yourself into thinking we've backdoored the government and will just use bitcoin as collateral and spend their fiat. Every conversion will soon come with requirements to prove a spotless KYC history before that is allowed. A default freeze of funds will be waiting until the risk departments at these regulated intermediaries are happy.
We've just recreated banks. Congrats.
Increased taxes will likely follow even if people do use Bitcoin as a currency hedge, effectively eliminating the nominal fiat gains.
I think Governments will never give up the power of the printer, and jail anyone who tries. Its the ultimate power to control the money. Its the ring that cannot be held or resisted.
I imagine BTC has a few years of hype gains, but the glory days are behind it. We missed our window to separate money from state. It will likely trade as a speculative token in the few thousand dollar range, but be nothing more.
A few of us will remain in the shadows trying, hoping it springs back to life. Hoping strong men and women with principles show up again
I say all of this hoping I am 100% wrong. I want people to post this 10 yrs from now laughing at me while they buy homes, coffees, clothes, fuel directly via lighting without asking permission. No intermediaries demanding ids.
Fake-multisig spam that filled ~75% of BLAKE2b block space in mid-October has nearly vanished.
- Peak ~45 MB/day (Oct 13);
- 0.03โ0.3 MB/day since Nov 3, below pre-wave baseline.
Knots 29.4.3 (Oct 28) shipped the coinbase-maturity soft fork alongside a policy rule targeting fake-multisig.
The decline began Oct 25, before the release as pools upgraded ahead of activation.