Matthew R. Kratter #BIP-110

#Bitcoin

[Matthew R. Kratter #BIP-110 @mattkratter]

I am not active on Instagram, Facebook, or TikTok. Those are scammer accounts. Please beware of impersonators on Twitter/X as well - I will never DM you on social media to offer you an investment opportunity.

[Matthew R. Kratter #BIP-110 @mattkratter]

@BigpictureBTC X continues to do the lawyers' work for them-- nice

[Matthew R. Kratter #BIP-110 @mattkratter]

Terrible look for Saylor

[Arun S. Chopra CFA CMT🧐 @FusionptCapital]

Arguably did more dirt on he income investor side than the equity one

[Matthew R. Kratter #BIP-110 @mattkratter]

@MasterTheGame @Jason @PeterSchiff lol, I'm not the one making millions/billions from scammy Bitcoin treasury cos. Talk to the suitcoiners about that. Did you see that Saylor just halted new issuance of STRC? Guess what that means

[Matthew R. Kratter #BIP-110 @mattkratter]

Saylor halting new issuance of STRC shares-- what a complete disaster for Strategy and its brand

[Unchained @Unchained_pod]

Saylor designed STRC with AI.

It's now trading at $88 — down 15% in two weeks.

The flywheel that funds his bitcoin buys just seized up 🛑

https://t.co/9rrbxgmpo5

[Matthew R. Kratter #BIP-110 @mattkratter]

"Deploying more capital - steady lads"

[Maya Parbhoe #₿IP-110 @MayaPar25]

I’ll take spacecat over Bitcoin Magazine simpfluencers any day of the week. They apparently jump at the opportunity to defend Core, but are completely silent about the blatant fraud their employer/conference organizer is committing.

[Knut Svanholm ∞/21M @knutsvanholm]

My long time friend @hodlonaut is probably the most high-integrity person I've ever known.

When Faketoshi sued him, he could have surrendered and not have half a decade of his life stolen. Instead he chose to fight, because he knew it was the right thing to do.

Over the last couple of months, he's poured his heart and soul into exposing the corruption and woke-creep in Bicoin Core.

Stuff that my other candidate for highest-integrity-person-I-know, @jonatack, became a whistleblower about back in January.

Btw, neither @hodlonaut nor @jonatack have ever sought fame or even public recognition, afaik.

IMO, every bitcoiner on Earth should at least be interested in what's been revealed in @hodlonaut's articles, which are all based on public information.

What I find so baffling is the number of public bitcoiners outside of Core that are so quick to come to Core's defense and call the articles "slop" and "clickbait."

The way I see it, these people fall into three main categories;

1) people who don't know @hodlonaut
2) people with a vested interest in spam/scam/crypto businesses
3) cowards

I know a lot of people personally that I really hope fall under category 1), because the backlash @hodlonaut is getting from simply trying to expose a handful of uncomfortable truths is truly depressing to see.

DYOR, but don't dismiss others' R as slop before you've done your own!

[K A L E O @CryptoKaleo]

Why was the Strategy team completely silent yesterday?

Zero posts.

Zero updates.

No response whatsoever from ANYONE in leadership on what’s happening and what their plan is.

Odd behavior from a group that’s consistently active on X.

[hodlonaut #BIP-110 @hodlonaut]

Matt,

you dismiss documented evidence as "LLM-induced psychosis" and claim LLMs can construct "evidence for any viewpoint you want".

What you are not doing is engage with specifics. The screenshots are timestamped GitHub commits, IRC logs, and Optech newsletter pages.

- AJ Towns joked publicly on IRC at 15:57 GMT on May 2, 2025, that he could add labels to the OP_RETURN uncap PR that had been locked to collaborators only 16 minutes earlier, and offered to publish a method for inscribing comments via GitHub label edits. The PR had been locked at Sanders's request immediately after filing.

- Casey Rodarmor, lead architect of the Ordinals and Runes protocols, wrote on his own GitHub repository on February 12, 2025 that Bitcoin Core would lift the OP_RETURN standardness limit, and added that the Ordinals/Runes community "just shouldn't worry about it." The predicted outcome was delivered four months later, on June 9, 2025.

- Marcel Hernandez requested on April 29, 2025 that Jameson Lopp, Citrea investor, disclose his Citrea conflict on the commissioned PR thread. The disclosure request was marked ABUSE and hidden. A subsequent comment from Bitcoin Mechanic defending the disclosure request was marked OFF-TOPIC and also hidden.

- Optech Newsletter #263, published six days after PR #27832 merged, listed one Bitcoin Core change for the week (PR #27746) and did not list PR #27832. The recap podcast for #263, hosted by Mike Schmidt with Mark Erhardt and Peter Todd on August 10, 2023, walked through the newsletter on the same day. The documentation change was not mentioned in either the newsletter or the podcast. Todd was on the podcast specifically to discuss his separately-filed PR #28130 to remove the OP_RETURN limit.

These events are not constructed by an LLM. They are produced by named human actors at documented moments.

Use your favorite LLM. Show me the output that makes any of these misleading or unimportant. If LLMs can construct evidence for any viewpoint, the case against this article should be easy.

[hodlonaut #BIP-110 @hodlonaut]

"Jonas’ governance document also endorsed Signal groups as the preferred coordination mechanism: "Signal groups have proven effective and remain accessible to interested participants." The same passage dismissed public IRC channels as having "showed limited utility and were eventually abandoned.""

That feeling when you think you have made a great point, but in reality you owned yourself hard, because you didn't even read the article you are smearing.....

Matt Corallo is the very guy who started the campaign for DEI in Bitcoin back in 2018, while being employed by Chaincode Labs.

I guess Jonas, the former Chaincode CEO, found Bitcoin Core communication far too transparent, and needed to close that door and move towards encrypted and non-archived coordination channels.

[Matthew R. Kratter #BIP-110 @mattkratter]

@ynwaAnt @Croesus_BTC @Angarlo I've never owned MSTR or STRC or other hot garbage like this, and I never will

[Matthew R. Kratter #BIP-110 @mattkratter]

1) I'm coming in hot because you and Saylor and many other suitcoiners have onboarded people into very dangerous products and rekt them, and now you have the nerve to muddy the waters and tell everyone that everything is ok, when it's clearly not. I remember when you were telling people last summer that Smarter Web with an mNAV of over 5.0 was a great deal. Have you ever offered a public reflection on how wrong you were?
2) Strategy is indeed not perfect, because it's founder has turned shitcoiner and liar (in my opinion). He's onboarding newbs into stonks who should be being onboarded into BTC in self-custody instead. Every quarter he has to come up with new metrics to justify his actions
3) Strategy has plenty of fixed income options available to them-- all at junk bond yield levels.
You've written some great Bitcoin essays in the past, so it's sad to see you having taken this very fiat turn. Bitcoin treasury companies will be viewed by posterity as a gimmick and a grift and I view everyone writing long rationalizations like you did today as bad actors

[Matthew R. Kratter #BIP-110 @mattkratter]

Yes, they can further dilute MSTR holders or sell off their BTC to get STRC back closer to $100 so Saylor doesn't get sued for marketing it as a savings account. Either one reduces BPS. Your whole comment is disingenuous and wrong, and you forgot to mention that they also need another $6 billion or so for the converts that are going to be put to them. No one is going to issue them what you call "traditional debt" at less than junk bond rate. Do you actually believe your BS, or are you just a professional apologist, helping to lead retail investors to their ruin?

[K A L E O @CryptoKaleo]

How Saylor treats MSTR holders

[Thomas Young @tomyoungjr]

We can burn the furniture to heat the house.

We can do this for 32 winters.

[David Z. Morris @davidzmorris]

@Potts_01 The entire company, including legal and comms specifically, must consist of some of the stupidest technically-sentient beings in the universe.

There are several species of higher mollusc I would trust more to design a financial instrument than Michael Saylor with a chatbot

[Chris Guida | ⚡🪢 BIP110 @cguida6]

Core30 is a test to see whether the dominant bitcoin client can stab the noderunners in the back while laughing in their face after the noderunners repeatedly said "stop, you're hurting us!", and get away with it

[Extractive Ghost of Unhosted Marcellus 👻 @oomahq]

Reminder that Bitcoin Core decided to cripple their default mempool policy and ignite BIP-110 for the sake of this pump and dump token.

Why didn't they just ignore it like they regularly ignore the feedback of their own users?

[dwarner5522 @dwarner5522_]

@mattkratter @adam3us To me this indicates their real worry that BIP-110 will succeed.