SteveMcQ

Bitcoin is the protocol of peace 🙏❤️

[SteveMcQ @Steve331717]

#NewProfilePic

[Sapiens - KalshiBackTest.com @BitcoinSapiens]

JASON LOWERY: “Blaming Bitcoin to protect your failing hegemony is not going to help you, your financial system is still going to collapse.”

“Bitcoin didn’t cause a bunch of bankers to debase savers and to destroy the purchasing power of the currency.”

[SteveMcQ @Steve331717]

@RippleXrpie I guess that’s it for xrp then 🤷🏼‍♂️

[SteveMcQ @Steve331717]

@Puncher522 😎excellent answer

[SteveMcQ @Steve331717]

@BitmundFreud 👇

[AA ⚡️ @AAStack]

The loudest voices on X would have you believe Bitcoin is in existential danger.

The network says otherwise.

0.42% signaling.

That’s what all the panic has produced.

Meanwhile:

• Fees remain low.
• Bitcoin keeps producing blocks.
• Value keeps moving.
• The fee market keeps working.

Bitcoin doesn’t run on fear.

It runs on consensus, incentives, and a permissionless market.

The data doesn’t support the panic. ₿

[SteveMcQ @Steve331717]

@AAStack 🎯

[SteveMcQ @Steve331717]

@bitcoinwell Best explanation of the tech history i have found. TM is such a great teacher 🙏❤️
https://t.co/FniUehTZL4

[SteveMcQ @Steve331717]

❤️

[Adam Back @adam3us]

On the filter fork topic.

I don't usually have time, but this morning listened to one of the twitter spaces from earlier in the week, with some well meaning relative bitcoin newcomers, that humanized them, and their concerns and thoughts for why they thought that made it logical to support 110.

My feeling after listening, is if these are the people with #110 in their handles, I'm sad to see them about to fork off and get disillusioned without understanding why bitcoin rejected 110 robustly.

So here's a more empathetic, constructive higher level version of explaining why not. I hope it's high-level and first-principles enough that everyone can follow.

They seem to want to understand what makes people tick, and are suspicious of intent. So, if someone asked me why is Bitcoin important and what is it, I'd say my (personal) mission and hope for bitcoin is to build the cypherpunk future, that "Snow Crash" was a blueprint, and work backwards from there. Bitcoin I hope leads to fully free markets via bearer unseizable, hard mathematically dependable money. Not everyone is comfortable with that level of freedom, but that's my view. And at this point, I believe that surprisingly, even now many governments have come to understand and value bitcoin's gold-like mathematical assurance, a positive development. Others may have milder views than myself, but still like hard censorship resistant money.

Because of motive suspicion, if it's not obvious: I hate spam with a passion, that's how I came to design hashcash while researching decentralized bearer money with others, and running nodes in privacy related cypherpunk p2p networks nearly three decades ago.

People seem upset about the default op return policy change in bitcoin. I will just assert, there are extremely robust and simple reasons for bitcoin changing default relay policy, and most just didn't do their research, so don't know what those are, or maybe not technical enough to fully understand though there have been 1000s of posts trying to explain in various simplified ways. So that lack of understanding lends itself to shared build-up of false narratives. So here's my back-to-basics higher level explanation.

The decentralization needed to create cypherpunk money has implications a: side effect of decentralization is that you can't impose your views on others. The very decentralization mechanism that helps that, is working against what BIP 110 wants, which at it's most basic is a quest to police other people. I understand supporters don't see their intent like that, but introspect deeper.

You can modify your software, but not anyone else's. Another critical and incredibly robust technical bitcoin immune system is bitcoin can't have people who don't understand technology basics insist on eroding security, decentralization robustness and core properties. That would end badly, fast, and so people will fight you on that.

So the message is Bitcoin respectfully says "no" to what you want. Sorry, and bitcoiners do genuinely understand and empathize that you mean well, have high level thoughts that make emotional sense, and articulate sensible bitcoin-defensive high level ideas, but they are not grounded and without you seeing it, the way you propose to achieve your ideas, hard-conflict with free cypherpunk permissionless money.

My advice is to listen to more experienced people who understand the system and why it works the way it does, to whatever detail you want to understand the grounded reasons for why this is the implication of decentralization and cypherpunk money.

I guarantee you the developer and protocol ecosystem shares and exceeds your views on bearer hard money (and dislike of spam). You may not agree with individual developers choices, views, way of expressing themselves etc, BUT you also need to understand the IETF-like decentralized technical consensus process creates a protective change resistance, that is highly effective at protecting bitcoin mission. The implication of which is no developer can change anything without technical consensus from hundreds of other developers and protocol observers who are pedantic and extremely knowledgeable clever people who won't let any unaddressed technical question past. The protective change resistance is robust and decentralized in an amplifying way because of this technical consensus.

And the many highly technical mainline developers' cypherpunk mission mindsets are probably far more determined than you can even handle on clarity of understanding and views about freedoms on permissionless networks, as many of you are probably still subconsciously inured by the matrix, where they have transcended that, and grew up immersed in it decades ago. They think natively in this space, while you are just grappling with the surface. Many wont have internalized or have the experience to know how this internet physics works, where there is no policeman, no policy authority, just mathematics, free market and hard money. That has implications for your views also, unfortunately.

Now the tough pill, which is unfortunately true: If you won't listen to reason, educate yourself, learn, the same radical freedom applies to you: your permissionless recourse is to club together and create a fork. But bitcoin won't be joining it. (With respect and no sleight intended.)

Please rejoin bitcoin now, or later if you're not convinced and need to experience 110 forking off and fizzling for yourself to start that journey of introspecting and learning. It would be sad if bitcoin lost people disillusioned due to simple lack of understanding of what's going on there, we're all trying to defend bitcoin and keep it on mission. Including btw the 110 technical promoters, just they wandered off plot somehow.

Join the cypherpunks on bitcoin, come cypherpunk summer🌞 in a few weeks.

[SteveMcQ @Steve331717]

@MarylandHODL21 🤷🏼‍♂️

[Tone Vays @ToneVays]

WTF! Is this real?

[SteveMcQ @Steve331717]

@HodlFlorida He is wrestling giant sociopathic sharks; for humanity 😎

[SteveMcQ @Steve331717]

@Jethroe111 https://t.co/ACwDxHlG9p

[AA ⚡️ @AAStack]

In the Bible, Stephen was a man of deep faith who preached his belief in God and Jesus openly.

He wasn’t killed by atheists.

He was stoned to death by religious men who also believed in God, men so convinced that their interpretation was the only correct one that they saw another believer as the enemy.

I can’t help but see the irony in Bitcoin today.

Some Bitcoiners don’t attack Michael Saylor because he doesn’t believe in Bitcoin.

They attack him because he believes in Bitcoin differently and more aggressively than they do.

He bet his reputation, his company, and billions of dollars on the same asset they claim to believe in.

Yet somehow, some of Bitcoin’s loudest believers now want to stone him for believing too much.

Be careful when conviction becomes fundamentalism.

History is full of believers who became so obsessed with protecting the truth that they started attacking the very people carrying it forward.

[SteveMcQ @Steve331717]

@AAStack 🎯🎯🎯

[SteveMcQ @Steve331717]

@Jethroe111 George my money is on the guy who just bet his empire and employees future and $ from millions of shareholders who think he is right.

Its a bad look trying to make him look dumb. 🤷🏼‍♂️

[SteveMcQ @Steve331717]

@LawrenceLepard @DrJackKruse @PumpCapitalLLC Manufacturing consent and understanding. Bless their shady hearts 😄

[SteveMcQ @Steve331717]

@Troggle3003 God bless Mike 😃

[SteveMcQ @Steve331717]

@Jethroe111 George- follow this psychopath at your peril.
All the best!

[SteveMcQ @Steve331717]

@basedlayer I would follow Luke to the bathroom in a bar after 12 beers and an exploding bladder. He is a complete nutcase 🤪