Jon

[Michael Saylor @saylor]

Get out of ₿ed.

[THE NERVE @thenerve_news]

“Jason was genuinely one of the kindest professors at the university”

Jason Arday remembered by his former students at Durham, where he taught between 2019 and 2022. By @MakushaMichaela

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Bitcoin surges above $79,000, now up +30% in 4 days.

Crypto markets have now added +$450 billion in market cap since Monday.

[calle 🟥 @callebtc]

people who think that core is some sort of intransparent institution operating in the shadows are either too lazy or too dumb to go have a look for themselves. literally everything they do is public, anyone can chime in, and the result of their work is pure open source code.

just because core people do free and open source work doesn’t mean they have to listen to you. if you think that’s arrogant, think about the number of karens with strong opinions in the world. nobody needs this shit. either you do the work and contribute constructively, or you gtfo. the fact that you might be angry doesn’t matter to anyone here. nobody cares.

this is the internet. bitcoin is not a democracy. core devs are not your politicians.

nobody owes you anything. not even an explanation.

then there are those who are just pure sociopaths. when someone they hallucinate to represent “core” – which in their mind are the “cool kids” – doesn’t agree with them, they crash out publicly. it’s the grown-up version of “they don’t want to play with me”. they paint themselves as lone rangers when in reality they simply can’t find anyone who would work with them voluntarily.

many such cases in this space too.

[Cred @CryptoCred]

This is a huge inflection point for BTC after one of the largest short liquidation events in recent history

I've spent the last 4 hours studying ETF flows, Microstrategy credit facilities, cross-exchange liquidity and funding rates, as well as prime OTC desk inventory

They all point to the same inevitable conclusion:

If it keeps going up, then the market is bullish

If it stops going up and goes down, then the market is bearish

[Decentra Suze @DecentraSuze]

Britain will spend £109 BILLION on debt interest this year.

That is more than:

- The entire Education budget
- The entire Defence budget
- Nearly 4× the Transport budget
- More than 5× the Home Office budget
- Nearly 8× the Justice budget
- Roughly half the Health and Social Care (NHS) budget

That is the equivalent of around £3,220 per working person per year, or £268 a month, just to service the national debt.

The debt is rising by roughly £4,000 to £4,300 every second.

At a time when people are already being squeezed by the cost of living, a huge amount of the tax they pay is being swallowed up by interest on old debt rather than paying for the services they actually use.

After all that, the £2.9 trillion debt is still there.

https://t.co/CWcIcM91VI

Snapshot of the live UK National Debt Clock taken at 7:12 am on 18 Aug 2026.

[Peter McCormack 🏴‍☠️🇬🇧🇮🇪 @PeterMcCormack]

And the people who exposed them will blame those who enabled them.

Round and round we go.

We’re utterly broken as a nation. Two incompatible ideologies.

INCOMPATIBLE!

Meanwhile, while we argue, the machine impoverishes us and we keep voting because they tell us things will change. They won’t.

This country is fucked! Fucked because we keep putting out hope into the most retarded bunch of bullshitters - the government.

[PUBLORD @publord]

GM. BIP-110's Status has now been officially changed to "Closed". Thank you for your attention to this matter. 🫡

[Jon @jaypan_4]

@GrassFedBitcoin @ocean_mining "Broad support", still living in an alternate reality 🤡.

[Peter Todd @peterktodd]

tl;dr: @lukedashjr decided to use a testnet4 block hash as the random beacon to pick BIP-110-chain's new PoW function.

An absolutely batshit decision. It's clearly possible to manipulate that by just mining blocks with the right hash. Mining a testnet4 block has a trivial cost. So mining one with a specific last byte in the block hash – thus forcing a particular PoW choice – also has a trivial cost.

When Zcash did something similar for a trusted setup, they picked a Bitcoin block in the future, and they specified that the block hash would in turn be re-hashed 2⁴² times¹ to ensure that absolutely no-one could possibly pick the value in advance (that's a 2-3 weeks of sequential computation).

There's two possibilities here:

1) Luke is incompetent.
2) Luke is malicious, and is trying to pick a specific PoW.

The possibilities are not exclusive.

1) https://t.co/N6Ic11yQ3E

[Samson Mow @Excellion]

Many things in this post are incorrect, and it matters that we correct them, because this version of the history is exactly what convinced people the last few months were a good idea.

“BIP-148 is celebrated as Bitcoin Independence Day, because it proved that ordinary users, running nodes in their homes, could force the most powerful mining cartels and corporations in the industry to back down. The users had no hashrate, no exchanges, no lobbyists. They had conviction and they had nodes, and that was enough.”

First, the framing. August 1st is what's celebrated as Bitcoin Independence Day (I coined and popularized that term). August 1st was the flag day, and it commemorates the outcome the UASF threat produced, not BIP-148 itself.

Second, BIP-148 was not just "ordinary users" running nodes at home. It was a cross section of the entire Bitcoin network, something a lot of BIP-110 supporters seem to disregard: developers, exchanges, wallets, miners, and mega whales, alongside ordinary users.

Most important to understand is that BIP-148 and the small block camp carried a massive amount of economic weight. Chain split markets ran on @bitfinex through 2017, and outside of those markets I know of many OTC deals struck privately in whale groups to trade one side of a split against the other. There was skin in the game on both sides of the war, and huge amounts of BTC put on the line to show real conviction. This was as much an economic war as an ideological one, and that point is rarely acknowledged.

Even the companies backing BIP-148 were taking real risk. BIP-148 was never merged into Bitcoin Core. Running it meant deliberately installing different software and accepting that if the UASF chain lost, you could be reorganized off the chain entirely. Bitmain spelled that scenario out themselves, calling it a wipe out, in the same post where they laid out their hard fork contingency. Dozens of companies committed anyway (BIP-110 supporters would likely call them suitcoiners today).

On the topic of hashrate, BIP-148 had no version bit of its own. It required bit 1, which was BIP-141. So the accurate way to state it is that BIP-148/BIP-141 had 30-45% of hashrate behind it for most of its deployment window. During that time I was COO of BTCC, overseeing a mining pool that was the biggest one signaling SegWit.

So the UASF threat had three components that made it credible: economic weight, hashrate, and nodes. BIP-110 only had nodes. That is UASF cosplay, not a real UASF.

Another point to cover: Mechanic was spreading misinformation in Spaces (and likely other places) that BIP-148, a UASF, activated SegWit. That is false. It was technically BIP-91 that brought miners in line with BIP-141. BIP-148 was effectively frontrun and never had to be tested. So Bitcoin Independence Day, while celebrating the flag day deadline, is as much a celebration of BIP-91 as it is of BIP-148.

So no, it was not just nodes and conviction.

Just think about things rationally for a minute. Why would buying a node-in-a-box give you the right to dictate what anyone else on the network does, regardless of whether it's a miner or another user? Does buying two nodes-in-a-box give you that power? Of course not. Btw the whole plug-and-play node culture came after the Blocksize War. In 2015-2017 you just downloaded the software and ran it on your computer.

Stay humble and stack sats, but also stay humble when people who lived through the history try to explain it to you.

[Adam Back @adam3us]

filter bip closed.

[Adam Back @adam3us]

for reflecting on 110 fork, good time to re-read

"Please rejoin bitcoin now [...] 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"
https://t.co/zo5u9DdiQj

[Jor 🦆 @88_sats]

Hang this one in the Louvre

[Eric Wall @ercwl]

I just think the analysis is flawed.

I’ve posted some tweets which could be interpreted as lumping together ”Bitcoin maximalists” and ”BIP-110 supporters” as the same group.

A pretty stark reaction to that that I’ve received is that many Bitcoin maximalists outright rejected getting lumped together with the BIP-110 crowd.

And looking at the stream from yesterday from the anti-BIP-110, who was there? Jimmy Song? Giacomo Zucco? Seems like there’s a whole bunch of people who even agreed and played a main role in the anti-spam side didn’t like or want BIP-110.

And if it wasn’t already clear enough, the ”Death Kiss” block was even rather symbolically mined by Ocean.

Is it so hard to accept that you just didn’t have consensus *even within the core Bitcoin maximalists group* and shouldn’t use that as evidence to throw a hissyfit about Bitcoin being overtaken by corporates? Grow up.

[Magoo PhD @HodlMagoo]

It’s official, @LukeDashjr is a shitcoiner.

A retarded one too at that if he actually believes what he wrote here.

[Jon @jaypan_4]

@MountainHodl21 @danheld 🤡

[Magoo PhD @HodlMagoo]

This is what an unserious person looks like.

Either extremely delusional or extremely disingenuous.

Probably both.

[Jon @jaypan_4]

@dathon_ohm 🤡

[Vortex | BIP448 @theonevortex]

> BIP-110 ran the same play with the same conviction, a reasoning that was shared by all bitcoiners five years ago (Bitcoin is money and not a grift database), and node support at levels at least comparable to 2017.

False. 110 did not have technical consensus, nor did it have consensus among exchanges, miners and wallets, segwit had all of these things. Node support can easily be gamed as we saw in 2026, economic node support cannot as we saw in 2017.

> They are treating evidence that miners and the corporate layer now control Bitcoin as if it were a grand cypherpunk victory, while ridiculing the people who fought for decentralization and for Bitcoin as money.

False. They are celebrating that a small minority group cannot change or take over bitcoin. You should rejoice in this too as bitcoin was built to withstand nation states, broke plebs on twitter wasn't even a challenge.

> In my opinion, and in my heart, legacy Bitcoin is not what I signed up for.

Nice. GTFO. Paypal is that away.

> As for legacy Bitcoin, I have no interest in it anymore as a freedom project. In my mind, it is now a stock.

Don't let the door hit you on the way out.