Scott Sullivan 13%

#bitcoin

Nostr: cc29b438001ee010440711c252ed6bca295af1e566136440fc442ae615347e36

[Scott Sullivan 13% @scottmsul]

I wrote a substack post on why removing OP_RETURN limits actually helps mitigate spam

https://t.co/ETfPThDuQZ

[Scott Sullivan 13% @scottmsul]

@GreaserRichard All aboard the hype train

[Scott Sullivan 13% @scottmsul]

@matteopelleg Comparing bip 110 to previous soft forks is kind of silly, as the txns that were "censored" were non standard, had zero economic demand, and would have looked silly (i.e. anyone could spend them).

[Scott Sullivan 13% @scottmsul]

@phil_geiger @ODELLXYZ I also learned a lot about game theory. If even 1% of hashrate supports a soft fork, the other 99% of miners have to go along with it, or else all 99% of them will mine on stale blocks and waste all their hashpower.

[Scott Sullivan 13% @scottmsul]

@cryptoquick The core nodes are 99% of hashrate and they build on each other's blocks without the bip 110 flag. Meanwhile the bip 110 nodes all reject the constantly growing growing core chain. How do core nodes capitulate here exactly?

[Scott Sullivan 13% @scottmsul]

@alpacasw @coinjoined "malicious miners", "fire the miners", "change the PoW algo", etc. These are all phrases luke has used before. So when the soft fork fails, expect a hard fork.

[Scott Sullivan 13% @scottmsul]

@BTCBreadMan Don't forget bad analogies

[Scott Sullivan 13% @scottmsul]

@sodiumbtc21 If you wanted smaller blocks, then propose a soft fork that reduces the blocksize. Bip 110 results in exactly the same sized blocks lmao.

[Scott Sullivan 13% @scottmsul]

@Bitcoinfinity Citrea didn't need big op_returns, they just went ahead with the more harmful fake utxo addresses without even reaching out to core. So it was really more of a bad incentive that core noticed out in the wild.

[Scott Sullivan 13% @scottmsul]

@GhostofMapl @Coinicarus It's literal "we're the good guys they're the bad guys" toddler level thinking about the world

[Scott Sullivan 13% @scottmsul]

@matteopelleg Thinking that bitcoin is "controlled" is peak fiat mindset

[Scott Sullivan 13% @scottmsul]

@JuergenStrobel @MrHodl It'll activate via the magical powers of wishful thinking and bad analogies 😂

[Scott Sullivan 13% @scottmsul]

@JuergenStrobel @MrHodl I think that's a given. It'll probably get only a few blocks, but I'm curious how few. Anyone mining it will noticeably be wasting hash immediately after the mandatory signalling block. So maybe only 1-2 blocks would be my guess?

[Scott Sullivan 13% @scottmsul]

@saifedean @goddek @paulsaladinomd just did a Burger King video, apparently their patty has seed oils from the seasoning

[Scott Sullivan 13% @scottmsul]

@marsspitsbarz @NHpilled Meanwhile the actual freeloaders are on team #blocksonly

[Scott Sullivan 13% @scottmsul]

@_frenchhodl @Pledditor No it's not ending in a month, they'll rage even harder after the bip fails

[Scott Sullivan 13% @scottmsul]

@marsspitsbarz

[Scott Sullivan 13% @scottmsul]

@stephanlivera @Bitcoin_phan Why waste all that money on web hosting when you could put it in an OP_RETURN 😂

[Scott Sullivan 13% @scottmsul]

@GreaserRichard If you're not with me then you love CSAM

[Scott Sullivan 13% @scottmsul]

@HODLingOnward I still like BCH-jr