what's your bet? https://www.youtube.com/watch?v=wiOFu1TlkgE www.bip110.org
Bitcoin is now 823 days past the halving.At roughly this point in each previous cycle, a major event triggered a brutal sell-off:2014: Continued fallout from Mt. Gox2018: Bitcoin Cash hash war2022: FTX collapse2026: BIP110 vs Core30+ ????
Bitcoin’s entire value proposition is that any individual can verify the full monetary history and current state of the system on modest hardware, without trusting anyone. Verification is what makes the 21 million cap real. A supply cap you cannot personally audit is a promise, and Bitcoin exists because we know promises from monetary authorities fail.From this, it follows that every byte written to the chain is a permanent, universally replicated liability. It must be downloaded, validated, stored, and served by every full node that will ever exist, forever. Blockspace, therefore, is a commons with the unusual property that consumption is instant and the cost is eternal.The standard objection to any data restriction is that fees already ration blockspace. Yes, they do. But a transaction fee is paid once, to one miner, for inclusion in one block. The cost of that transaction is borne by every node operator in perpetuity via the initial block download, disk space, bandwidth, and, worst of all, working memory when data is stuffed into unspendable outputs that bloat the UTXO set and can never be pruned!!Let's imagine that a fee market for data embedding is equivalent to a landfill that charges a one-time tipping fee and then requires every household in the country to keep a copy of the waste in their garage forever. The tipping fee can be perfectly market-clearing at the gate and still be wildly underpriced relative to the true social cost. Fees ration who gets in the block, but consensus rules are the only mechanism Bitcoin has ever had for capping what the network as a whole must carry.This is the case for BIP-110 in a sentence…fees decide who gets into a block, and consensus rules decide what every node must carry forever. BIP-110 may not be perfect, and determined spammers will always probe for gaps. But the burden it targets does not expire with the proposal, and Bitcoin will have to answer for it eventually!
>>62508806This whole business annoys me and makes me want to smack both sides.
>>62508806What the fuck is this guy holding?
>>62508806Neither are relevant because the scaling debate is over. Bitcoin solved all these problems with larger blocks. So just use Bitcoin.
>>62508806BIP110 knotards will fork off soon. Since there is no replay protection, there will be no airdrop of Bcashjr coins. My advice is to sit and relax.
I have a BIP suggestion that is inevitable. All self custodied wallets are spam producing. Only exchanges, banks, and registered custodians should be able to produce non-spam transactions. This is where BTC is headed. Blacklist every wallet that has not handed keys over to a custodian and forbid miners from building on blocks that include spam.
>>62509009That was completely different issue, besides that Bitcoin Cash should also implement BIP110 because with larger blocks storage feature is even more attractive for abusers, spammers, banksters, etc
>>62508806I for one don’t want spam and CP in my blockchain and don’t want to be forced to download it to verify or support the network so of course I support BIP-110. Everyone else is a paid CIA shill.>>62508933Is this pasta?>>62509009I assume you’re calling Bitcoin cash Bitcoin. If the debate is over and BSC solved the problem, why is it worth a small fraction of the market cap of BTC?
>>62509790>is this pasta?If it aint it deserves to be
>>62509292That's how shitcoins works already and there is a huge pressure from many different but coordinated attacks https://www.youtube.com/watch?v=z3AYCZo7oEs to convert Bitcoin into yet another SHITCOIN.Once BTC is compromised the Clarity Act, MiCA and other BS regulations can implement their CBDC - the ultimate slavery tool because technically crypto self-custody wouldn't be possible anymore.
>>62510018BTC has long been compromised. People still buying BTC deserve what they choose. They could simply use Bitcoin.
>>62510253BTC and Bitcoin is the same thing and it's not yet compromised if you know how to use it https://www.youtube.com/watch?v=cTNddrUQ7jY
>>62508806>betnigger there is no betluke is schizophrenic
>>62510567In 2020 the author of nostr endorsing various node implementations said: "The first example of a bitcoind software that follows Bitcoin Core closely, adds some small changes, but has an independent vetting and release process is Bitcoin Knots, maintained by the incorruptible Luke DashJr"https://fiatjaf.com/aa9d0a2c.html
bip110 people are right, and they're going to lose.turns out when you only have a handful of developers and entire world uses whatever version of bitshit they release, your project is centralized.pic related doesn't suffer from this problem btw
