The Bitcoin Promise

#Bitcoin will change the world more than most of us can comprehend or even imagine. For the better. I cover Bitcoin only.

[The Bitcoin Promise @StackerSats]

@hodlonaut @BitcoinNori Thanks a lot! You’re a star. The future will be bright, your contribution will be remembered by true Bitcoiners 🙏

[The Bitcoin Promise @StackerSats]

@ausbtcclub The FOR camp is pretty impressive! Even if they forgot you name @dotkrueger

[Softfork Mechanic #BIP-110 @GrassFedBitcoin]

This quote from Jimmy's article highlights what I was trying to highlight yesterday.

Some are so angry about BIP110 that they short sightedly view a handful of centralized mining pools as a defence *against* decentralization.

You have no better manifestation of a decentralized network routing around choke points of centralization (Core, giant pools, the same funding orgs) than BIP110.

The social stigma that has been attached to it means the only people who run it are more likely than not doing it out of principle.

You want Bitcoin to be beholden to those doing what we are doing, as that is the true defence: actual decentralization.

Almost everything people complain about with regard to BIP110 is those not yet comfortable with that.

The arguing and toxicity, the lack of consensus, the uncertainty.

All features, not bugs.

The return-to-order fantasy: "don't worry, the three largest pools just need to reject the fork and nothing happens" is the rug pulling of everything Bitcoin is about.

A tiny group getting to make a unilateral decision with complete disregard for network structure.

Intelligence would prevent this outcome so I reiterate that I find this outcome *unlikely*.

But it is extremely revealing how many appeal to centralized mining as though it were a stabilizing influence on Bitcoin when it never can be.

Centralization kills Bitcoin. Invoking it as a defence against a user-lead movement means the end of user control.

Miners (read: the few pools they all point to) become the defacto controllers of the network rules.

"Don't worry about that, if they ever do anything bad their hashers can just leave"

Oh you mean like how easy it is for people to just leave Core when that becomes compromised?

Yeah no big deal, doesn't cause a civil war or anything. 😂

[BTCCLUB @ausbtcclub]

Handles comparing low IQ supporting Knots.

AGAINST KNOTS BIP110:
Adam Back
Jameson Lopp
Stephen Livera
Shinobi
Peter Todd
Wang Chun (F2Pool)
Wicked

FOR KNOTS BIP110:
Luke Dashjr
Matt Kratter
Parman
Simon Dixon
Jeff Booth
Nick Szabo
Michael Dunworth
Justin Bechler
Dr. Jack Krus
GrassFedBitcoin
Dathon Ohms
Hodlonaut
Knut Svanholm
Start9 Labs

Ill admit my IQ is low though I can see and read a bullshitter from across space.

I wouldn't, couldn't trust Lopp or Todd as far as I could throw them.

I've respected the FOR list many years prior to this based on their transparency and knowledge.

[The Bitcoin Promise @StackerSats]

@bramk A red haring, is not desirable nor necessary imo.

[Matthew R. Kratter #BIP-110 @mattkratter]

BIP-110 Fence Sitters Getting Splinters

[hodlonaut #BIP-110 @hodlonaut]

I am so happy to hear that @JeffBooth has read the CAPTURE articles. And that he found that what it reveals matches exactly what he would expect if a centralized group performed a social attack on Bitcoin.

Never forget that Adam Back is crusading X trying to prevent people from reading and informing themselves on the state of Bitcoin Core.

[The Bitcoin Promise @StackerSats]

@RonSwanonson Like your posts. Please tell me your on board with BIP-110.

[Ron Sovereignty Swanson⚡️🗝️ @RonSwanonson]

You can ignore Bitcoin forever

No one is stopping you

You can’t, however, ignore people around you holding harder money than you do. That’s impossible

[Majorian / BIP-110 @MajorianBTC]

We know BIP-110 is just because it is a movement of the plebs.

Wholly organic, no grifting, no one making money off of backroom dealing.

[The Bitcoin Promise @StackerSats]

@RobinSeyr @JeffBooth Glad to hear that. Maybe change your headline somewhat..?

[The Bitcoin Promise @StackerSats]

@RobinSeyr @JeffBooth @mattkratter just for information. I’m done with various influencers. The true Bitcoiners are pretty clear to identify these days. Plebs will remember.

[The Bitcoin Promise @StackerSats]

Do you call BIP-110, a social attack on Bitcoin!?! I strongly oppose to that negative framing. It’s not an attack, BIP-110, is solving various big issues caused by the negligence of Core over the years. It ensures Bitcoin remains sound money only. It’s a constructive, positive cause!

[The Bitcoin Promise @StackerSats]

@RonSwanonson Haha. Let’s see…hmm yeah I see some value there …

[The Bitcoin Promise @StackerSats]

@dotkrueger Your on the right side of history Fred! Bitcoiners will remember 👍

[Adam Simecka @AdamSimecka]

It may seem like everyone is fighting in Bitcoin right now. But I see something under the surface.

I have been involved with Bitcoin for about a decade, and the truth is, I have NEVER seen bitcoiners more united. I have NEVER seen bitcoiners come out in support of any movement as much as they are for BIP110.

I was there for Segwit and Taproot (both similar initiatives to BIP110), and for the most part, people were quiet. There were a few conversations in the public space, but not much.

Right now, I see average, everyday noderunners getting involved at a scale far exceeding any other "upgrade", and it isn't even close.

This is actually pretty spectacular to see. Bitcoiners are taking up arms and fighting. People that have never been motivated to run a node are now running one to support the network they believe in.

I have never had more faith in the future of Bitcoin than I do right now.

We are gonna make it. 🤝

[Fred Krueger #BIP-110 @dotkrueger]

Calling BIP-110 an "attack on Bitcoin" is backwards.

If BIP-110 passes:

• Supply stays at 21 million.
• Proof of Work is unchanged.
• Wallets, Lightning, multisig, and self-custody work exactly as before.
• No coins are confiscated.
• No addresses are censored.

The primary effect is that large arbitrary data used by Ordinals, Runes, and similar protocols would no longer be valid.

That's not an attack on Bitcoin's monetary system.
It's a debate over what belongs on Bitcoin.

[The Bitcoin Promise @StackerSats]

@RonSwanonson Well put, you deserved a bookmark! 🤝

[Ron Sovereignty Swanson⚡️🗝️ @RonSwanonson]

People have such a hard time with valuing bitcoin, so let me help you;

The Internet is a network protocol that is worth around $30 trillion today

However, without the people that slowly participated and put time and effort to add information onto the Internet, it would be completely worthless

Now apply that to bitcoin

People from all walks of life from all over the world participate in the bitcoin network and store their value there. The more people who produce value and store it on the network or store preexisting value there, the more valuable the network will continue getting

Without a network of people participating in these networks, both the Internet and bitcoin would be completely worthless

They would simply be unused database networks

[The Bitcoin Promise @StackerSats]

@1914ad Absolutely! 💯