#Bitcoin's place in the world:
- Disciplinary to political/central fiat systems.
- Non-intermediary international exchange of value.
- No existing power controls it completely.
- Storing (excess) energy.
- Calculated & reliable rate of inflation.
- Freely accessible to everyone.
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There's a narrative circulating that Citrea had nothing to do with the OP_RETURN uncap.
That Citrea didn't need it. Didn't ask for it. Was just caught in some drama it didn't start.
This thread explores what the people who pushed the change actually said.
🧵
33 years ago today, Eric Hughes published the Cypherpunk Manifesto.
"Privacy is necessary for an open society in the electronic age."
A sentence from 1993 that hits harder every year. Bitcoin is the most powerful tool to emerge from this movement.
Cypherpunks write code. 🧡
Once you understand that 21 million is not enforced through code, but by culture, you'll understand why redesigning Bitcoin to work better for ETH-style projects is the end.
Alex de Vries took 3 years to be proven wrong about Bitcoin. Ray Dalio only needed 3 days.
3 March. Ray Dalio: "Central banks are not going to want to buy Bitcoin"
6 March...
Congratulations to @BarefootMining for finding the first BIP110 signaling block!
My first exposure to @boomer_btc was an interview he did with @PeterMcCormack and @_DannyKnowles titled The Bitcoin Mining Trilemma with Bob Burnett.
The interview has stuck in my mind for years because of Bob's sincerity and conviction.
It is fitting that now, when node operators need miners of sincerity and conviction, @BarefootMining would find the first BIP110 block.
Thank you @boomer_btc and @barefootmining for being such inspirational members of the Bitcoin ecosystem.
Remember to do your own research regarding BIP-110, don't just listen to influencers on social media.
BIP-110 is actually a fairly simple proposal. Here is a simple summary of the BIP-110:
Credit: @kwsantiago
Link to full article: https://t.co/QXNZWetWXZ
AI agents can write code, send emails, and make phone calls. But they still can't transact.
Today we're fixing that. Releasing a new set of tools that give agents native access to the Lightning Network: lnget for automatic L402 payments, MCP for node operations, remote signing for key isolation, and scoped credentials for spending control.
The machine-payable web starts now. And bitcoin makes it possible. ⚡🦞
https://t.co/B0KW01l6ZD
I resigned from Bitcoin Core on Monday. Here is the letter I sent to the mailing list:
Dear Bitcoin Core Development Team,
I am writing to formally tender my resignation from my position as a contributor to the Bitcoin Core project, effective two weeks from the date of this letter. Over the course of my involvement, I have dedicated significant time and effort to advancing the protocol in ways that align with Bitcoin's foundational principles as outlined in Satoshi Nakamoto's whitepaper. However, recent developments and ongoing discussions within the team have led me to conclude that my continued participation is no longer tenable. This decision has not been made lightly, but after careful reflection on the direction of the project and its adherence to Bitcoin's core ethos. The primary reason for my departure stems from a profound disagreement with the prevailing mindset among many developers, who appear to have lost sight of Bitcoin's fundamental identity as sound money. Bitcoin was conceived as a peer-to-peer electronic cash system, designed to empower individuals with financial sovereignty free from centralized control. Yet, the focus has increasingly shifted toward technical complexities and features that dilute this vision, treating Bitcoin more as a speculative asset or a settlement layer for spam rather than a medium of exchange. This misalignment undermines the very purpose of Bitcoin, and I cannot in good conscience support initiatives that prioritize scalability gimmicks or layer-two solutions over preserving its role as money for the world. Furthermore, I have growing concerns that the development process has been compromised by external influences, whether through funding sources, institutional pressures, or ideological biases that favor control over decentralization. These compromises threaten the integrity of the protocol and erode the trust that the community places in Bitcoin Core. It is with regret that I step away, but I believe this action is necessary to maintain my personal commitment to Bitcoin's original ideals. I wish the team success in future endeavors and hope that a course correction can restore the project's focus on true monetary innovation. I am available to assist with any transition matters during my notice period.
Signed, NEEDcreations
I was there during the blocksize wars. What really happened is that Roger had a business using Bitcoin and depended on cheap on-chain transactions. He was super passionate and wanted businesses to flourish using bitcoin, but when fees spiked his business suffered. In his view adoption by businesses (and in specific his own) was vital for Bitcoin’s success. He couldn’t believe people would choose a path where his business would have to stop using Bitcoin. He simply wanted to use Bitcoin as digital cash. In his passion he was willing to compromise on decentralization, go for the quick fix, a blocksize increase. What he didn’t understand was that his business (and the handful at the time) in the grand scheme of things didn’t matter, but how could he, he put tons of effort into it. Next to that, Lightning, as a scaling solution, was mostly theory. He teamed up with the ‘corporate bitcoiners’ at the time to push for big blocks.
We (the UASF proponents) didn’t want to compromise on decentralization. We understood that a short-term solution (a blocksize increase) to save a few companies was not worth it. It was better to first try long-term solutions, as Bitcoin needed to be used for centuries, even if that meant (unfortunately) a few companies would have to go out of business.
The analogy I used at the time was internet’s scaling solution. In the early days of the internet there was a similar problem. There was too much traffic, and routers often were bottlenecks. The quick (and expensive) fix, was to replace routers with more capacity (blocksize increase equivalent). But instead, through scientific research, we got smart algorithms (deployed via firmware updates) that allowed existing routers (think of nodes) to have much better efficiency. This was a much cheaper and better solution. Bitcoin SegWit came forth out of scientific research.
Today, Bitcoin can be used as digital cash through Lighting. We got instant transactions, better than Roger’s zero conf transaction method at the time.
If you'd invested $100 in bitcoin every time someone declared it dead since inception (462 cited instances so far), you'd have $73 mill today
https://t.co/DXQWTltAVW