"β¨ Crypto Crusader since 2017, I've been riding the crypto wave & diving deep into the NFT universe π | Passionate about redefining finance & art!
BELOW I PRESENT SHOCKING EVIDENCE THAT EXPOSES BIP-110 LEADER @LUKEDASHJR AS A FRAUD AND A LIAR π§΅
I SPENT THE PAST MONTH RESEARCHING THE BITCOIN BLOCKCHAIN AND HAVE UNCOVERED A DARK SECRET SO ASTONISHING THAT IT WILL SURPRISE EVEN LUKE'S MOST DEVOUT SUPPORTERS
WHAT I DISCOVERED NOT ONLY UNDERMINES LUKE'S INTEGRITY BUT CALLS INTO QUESTION THE LEGITIMACY OF THE ENTIRE BIP-110 PROPOSAL
HERE ARE MY FINDINGS
BEGINNING IN BLOCK 139690 LUKE'S MINING POOL ELIGIUS MADE ITS FIRST OF MANY INSCRIPTIONS INTO THE BITCOIN BLOCKCHAIN
THE INSCRIPTIONS APPEAR TO BE CATHOLIC PRAYERS THAT ARE STORED IN COINBASE TRANSACTIONS THAT MUST BE HOSTED BY NODES IN THE BITCOIN NETWORK FOREVER
SIMILAR INSCRIPTIONS APPEAR ACROSS BLOCKS 139717, 139792, 139831, 138898, 139904, 139921, 139942, 139960, 139977, 139990, 140181, AND MANY OTHERS
ANYONE CAN INDEPENDENTLY VERIFY MY FINDINGS
WHAT IS MOST ASTOUNDING IS THAT THESE INSCRIPTIONS BEGAN APPEARING IN 2011 WHICH IS OVER 10 YEARS BEFORE THE FIRST ORDINALS INSCRIPTIONS APPEARED IN THE BITCOIN BLOCKCHAIN
THIS MEANS THAT NOT ONLY DID LUKE USE THE BITCOIN NETWORK TO HOST NON-ARBITRARY DATA BUT HE WAS THE ONE WHO STARTED THE "SPAM" MOVEMENT
BUT IT GETS EVEN WORSE
NOT ONLY WAS LUKE HIMSELF A "SPAMMER" BUT HE APPEARS TO HAVE BUILT A SERVICE THAT ALLOWED OTHERS TO "SPAM" THE BITCOIN NETWORK
IN ELIGIUS MINED BLOCK 142573 SOMEONE APPEARS TO USE HIS SERVICE TO INSCRIBE THE FOLLOWING MESSAGE: "7Militant atheists, {LINK REMOVED} -- happy now?"
THE LINK THAT I REMOVED APPEARS TO BE A "RICKROLL"
THERE ARE MANY OTHER SUCH INSCRIPTIONS
LUKE HAS ATTEMPTED TO HIDE THIS INFORMATION FROM HIS FOLLOWERS FOR OVER A DECADE HOPING THAT IT WOULD NOT BE FOUND AND BROUGHT TO LIGHT
FORTUNATELY I HAVE DISCOVERED IT AND FEEL OBLIGATED TO SHARE IT WITH THE BIP-110 COMMUNITY WHO HAS BEEN WORSHIPING A FALSE IDOL
IF THE LEADER OF THE BIP-110 MOVEMENT IS THE ORIGINAL "SPAMMER" THEN IT MAKES ME WONDER WHAT OTHER SECRETS ARE THESE PEOPLE HIDING?
Tough truths bitcoiners need to hear:
There are no major issues with core
Ordinals are not spam
Proof of Work and a healthy fee marketplace sufficiently protect against spam transactions
Our problem is too little on chain activity, not too much
BIP 110 is technically stupid and a massive distraction
All of Luke's beliefs are fringe. He's a good fringe thinker, but he does not build for mainstream adoption
You don't know what's best for bitcoin. You only know what's best for yourself. Have some humility
My thoughts on BIP-110 and the "anti-Ordinals movement" that will attempt to fork the Bitcoin network in August π§΅
The greatest threat to Bitcoin is neither Ordinals nor Runes
It is the pervasive and dangerous ideology that took hold after the Blocksize Wars that using Bitcoin L1 is bad
Starting in 2017 a bunch of lunatics in the "Lightning ecosystem" hijacked Bitcoin and psyoped everyone into believing that making transactions on Bitcoin L1 was somehow immoral and harming children in El Salvador
Fast forward nearly a decade and here are some of the downstream effects of telling everyone to stop using Bitcoin L1
A catastrophic amount of time and resources were wasted building a now obsolete and failed "Lightning Network"
Bitcoin has now been infiltrated by feds and bankers who have normalized not only paper Bitcoin but Ponzi scheme treasury company versions of paper Bitcoin
When you joined Bitcoin a decade ago you were taught how to self-custody
When you join Bitcoin today many of the top "leaders" tell you to buy pump and dump Bitcoin proxy scams trading anywhere from 2x to 100x NAV
The vast majority of "Bitcoin maxis" have never even used Bitcoin L1 and are technically illiterate having no idea what a UTXO is
The biggest joke of all is that discouraging people from using Bitcoin L1 created the low-fee environment which allowed the data storage use case to take root
It is laughable that BIP-110 claims "data storage competes unfairly with payments"
You can transfer billions of dollars of value on Bitcoin L1 in roughly 200 bytes yet Bitcoin maxis failed so badly at creating demand for block space that it became economically viable for artists to store 4 megabyte JPEGs while competing fairly in the exact same fee market
BIP-110 is by far the least cypherpunk proposal by the least cypherpunk group of people in the history of Bitcoin
They have completely lost the plot
Instead of coming to terms with the consequences of their own decisions they are attempting to introduce radical levels of censorship to a network whose entire value proposition is censorship resistance
There are no words to describe how fragile someone's ego must be to blame artists for using a low-fee environment created by your own reckless decisions
It is not a coincidence that 67.9% of all Bitcoin transactions this week were Ordinals and Runes
While the Bitcoin maxi movement is completely going off the rails
We are the ones who actually use the Bitcoin network
We are the ones who secure the Bitcoin network by paying fees
We are the ones who understand the Bitcoin network at the deepest technical level
We are the ones who denominate in Bitcoin and actually use Bitcoin as money every single day
We are the ones who self-custody our Bitcoin and carry on the ethos of "not your keys not your coins"
We are the real Bitcoin maxis now
There is nothing more cypherpunk than running your own node and ripping some JPEGs onto a censorship-resistant network regardless of how unpopular it is
Satoshi's first act on Bitcoin was to inscribe data
We are simply carrying on the torch
Because the prior Bitcoin maxis have failed so miserably the Ordinals and Runes enjoyers have become the new Bitcoin maxis
We will make self-custody cool again
We will make experimenting on Bitcoin fun again
We will get people to use Bitcoin as a medium of exchange again
We will educate people and make Bitcoiners technically literate again
We will secure Bitcoin by creating a robust fee market and high demand for blockspace again
We will purge Bitcoin of the feds and bankers who have infected it like a disease and that starts with defeating the BIP-110 fork in August
I am calling on all $DOG soldiers, all Ordinals enjoyers, and all Runes degens to band together and fight against this BIP-110 cancer that is hell-bent on destroying the Bitcoin that we know and love
If you are against BIP-110 and agree that Bitcoin should remain censorship resistant show your support by quote posting this with "Defend permissionless blockspace. Reject BIP-110." and be sure to repost all quote posts
Long live Bitcoin
Long live Ordinals and Runes