Bitcoin is like a crazy girlfriend who acts like a complete lunatic and spends all your money to the point where all your friends are like “what do you even see in her bro?” and even you start to wonder what you ever saw in her, and then she shows up one day and fucks your goddamn brains out for a week straight and you’re like “oh right that’s why.”
Bitcoin worked exactly as designed. BIP-110 was free to fork, and the network was free not to follow. The result was decisive: about 99.85% of Bitcoin's hashpower stayed with Bitcoin. The BIP-110 branch mined only two blocks and is already more than 80 blocks behind.
@w_s_bitcoin Well said, we are the creativity source. Otherwise, it is just a remix; a real-time super-fast index.
Invention can not be discovered by remixing the past.
At 961,022, BIP-110 has 38 signals (2.70%). Its 55% voluntary threshold is impossible. At 961,632, BIP-110 nodes reject non-signaling blocks. Unless major miners reverse, Bitcoin continues normally while BIP-110 stalls or forks into irrelevance. Its backers should stand down.
@w_s_bitcoin Telling plebs to roll dice is bad.
Simplify the seed gen by telling plebs to pick 23 words from the wordlist, import for the checksum 24th word. Add a long passphrase.
Done. No rolling dice like a maniac, the dice meme is complicating + deterring self-custody for plebs.
@w_s_bitcoin@Fredvs79 Straw-man reasons would be fungibility attacks on bitcoin, if there are silly “rare-sats” hysteria cycles.
I know that the fee-market fixes the spam/Ordinals from ever being a true threat, but the zealots still panic about it. 😱🙀🧙🏼♂️
Bitcoin has won. Now it must survive victory.
Its gravest threat is not an enemy at the gates, but corruption from within: factions that invent pretexts, rewrite the rules, and seize economic rights until freedom becomes permission and law becomes loot.
To reject Bitcoin’s integration with banks and corporations, custodians and exchanges, equity and credit markets, governments and currencies is to deny its benefits to 99% of the world and doom it to 1% of its potential.
BIP110 supporters are pioneering a new type of attack: the 1% attack.
If successful, it would show how trivial it is to attack the Bitcoin network. Just rent 1% of the hashrate and spin up 3k nodes. Attackers can be incredibly disruptive and waste massive amounts of time for exchanges, miners, and HODLers.
The actual monetary cost?
Rented hashrate: $0 before forking, as it’s still mining BTC; post-fork ~4.5 BTC per day.
Nodes: 3k nodes for $15k a month.
The solution to mitigating 1% attacks is simply to be pragmatic and disregard them. If you entertain them, you set a precedent for more in the future since the cost is so low.
This is why BIP110 must fail.
While BIP110'ers position themselves as decentralizing Bitcoin, there is only one implementation that is '110 compliant': Knots.
So they're centralizing development under their leader, Luke.
Most of us didn't sign up for Lukecoin, we signed up for Bitcoin.
The impulse to change Bitcoin’s rules merely to prevent others from using Bitcoin in ways you disapprove of is statist and alien to a community rooted in liberty, property rights, free markets, natural law, and Austrian economics. BIP 110 would impose monetary purity by fiat.
Notice how Nithya Raman just completely disappeared after they blocked us out of the general election?
She's not campaigning at all. Like a pickpocket disappearing into the crowd. Just a ghost. I told you her campaign was a scam. Colluding with Bass from the start.
@BTCoptioneer Options income will decline over the long term if there are large swings of the index
SPX Index Options: The fund writes (sells) call options and buys protective call options on the S&P 500 Index. These options are structured as Section 1256 contracts to optimize tax efficiency.