This liquid blockstream collapse thing feels like market narrative to explain an imminent scamcoin price dump and a possible failed “4-year cycle bull market”. I think they’re looking to wreck people far beyond investors and liquid holders. Stay frosty out there…
Grok is looking at everything from the perspective of hashrate, implicitly assuming that 5 large mining pools get to decide the rules of Bitcoin. If you look at it from the perspective of node runners getting to determine consensus, rather than large regulated miners, we had 15-25% of the nodes running a UASF and literally nobody running a URSF opposing us. The actual minority soft fork was thus the URSF, since it was close to zero. With BIP-110, we told the large mining pools that op returns greater than 83 bytes were no longer allowed in blocks. The large mining pools ignored our rule and instead expanded the rule set to allow op returns greater than 83 bytes (expanding rules= hard fork, narrowing rules= soft fork). The mining pools sided with Saylor and Core and Tether, against the wishes of UASF node runners. They hard forked themselves off the network by doing this (hard fork again means expanding the rules). Sometimes people conflate hard forks and chain splits, whereas it's possible to have a chain split with either a soft fork or a hard fork
@AAStack@marsspitsbarz@BritishHodl loudly promoted the Nakamoto scam and was in on the PIPE. Disgusting shameless scammers. Ignore them and their scam coin. XBT is bitcoin.
I made these same mistakes too with spamcoin. Great talk!
Mistakes I made with Spamcoin, that I will never make again. (XBT) https://t.co/yXcnf0SEps via @YouTube
Self custody on BTC is pointless. That’s why we call it scamcoin. You can’t avoid on chain tax (demurrage) and inflation (tail emissions) by holding your own keys on BTC. Both of these are coming to the base layer very soon. https://t.co/F1Kpo2pVv9 via @YouTube
That’s a lot of passive buying pressure taken off the table.
$MSTR is a FIC node, and the Financial Industrial Complex (FIC) has spoken.
$BTC wrapped in FIC financial products and digital credit is NOT resistance to banks.
It is subordinate to banks and their financial engineering games.
Bitcoin in self-custody is the resistance.
@ab28ab28 The price of monetary freedom is eternal vigilance. Satoshi gave us monetary freedom, if we can keep it. If enough Bitcoiners choose to be slaves instead, then that's what will happen