Why BIP-110 Will Fail | Giacomo Zucco | Bitcoin Infinity Show #194

Great episode, thanks! Core's main argument (repeated ad nauseum) is filters don't work 100% of the time. It doesn't need to be perfect, it needs to be as good as possible. Maximum friction for spammers and anyone else who wants to use Bitcoin for non-monetary uses. Of course miners will do anything for money, that's exactly why an op_return limit and other policies are needed, but certain core devs have twisted this around to justify removing one of the few tools available to pleb node operators (the absurdly high v30 default is effectively the same as removal). The point Luke makes at 1:36:40 is particularly good. Core supporters focus on one side of the equation, the spam that gets mined, and ignore what isn't. The thing about deterrents is we can't know how many attacks aren't even attempted at all because a deterrent exists. In the firewall example, at least intrusion attempts can be detected, but the attacks that never happen can't be measured and so are easy to ignore and dismiss. This is one of many flaws in Core's arguments. Thanks again guys!

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There is a big difference if you signal shitcoins are welcome or you focus on money and discourage non-monetary use cases. There are plenty of shitcoins they can play on. Nodes and users are important otherwise it deceases to be Bitcoin and becomes captured and centralized.

What bs are you talking abou Rizzo, lol.

I have never heard that knots supporters argue that they don't believe that a fee market establishes in the future. Hmm, why you think Luke is for 300kb blocks 🤔

At 54:30, Pete compley loses the plot. Core is making this change not knots. Pointing out the problem doesn't create the problem. Core is creating the problem and ignoring it, as Pete seems to prefer, doesn't make it disappear. It's a truly bizarre argument to blame the messenger. Also there is zero need for knots to ever fork. We just want the ability to configure a limit on op_return. Core certainly wants knots to fork because then their opposition goes away, but there's nothing to be gained in that for knots users.

Plebs become pioneers by participating in their local Bitcoin culture. @npub1cvcgs83gw… is the podcast where the plebs can find out about Bitcoin meetups and the pioneers can learn how to start one. Hyperbitcoinization is a local phenomena.

Back on the 40HPW train for the first time in a long time. Appreciate you guys. ✌️

Great rip!

This year at Lake Satoshi, I think it's safe to say, the meshtadel truly went from concept to reality. From here on out, it's now about building it and making it stronger. I'm looking forward to more Bitcoiners joining us.

Calling all local Bitcoiners, you can pick up Otis Bitmeyer coffee direct at meetups in the Michigan meshtadel network! Come hang with me at The South Bend Indiana Bitcoin Meetup, the first Thursday every month at Lang Lab, 630pm. Learn something, earn something, share something, buy something, build relationships and resilience with local Bitcoiners.

Participating in kyc Bitcoin is the only way the fiat system can maintain control over you and your stack. Avoid kyc at all costs, stop supporting the extraction putting yourself at risk.

Such a powerful rip. This one is getting sent to a few normies.

Andere Kritikpunkte stimme ich zu.

Super Argument Dennis. Tom blendet Kernproblematik aufgrund von Indizien-DoS ab und kommt zu falschen Rückschlüssen. Ganz ohne technisches Verständnis kann man halt leider keine Rückschlüsse auf Validität der Indizien und Schutz vor Zentralisierung ziehen, sorry Tom.

Genau andersrum, Ver und Co waren die großen Player (Exchanges, Miner, ..) die ihre Geschäftsmodelle schützen wollten und via Blockgröße einfachste Lösung durchdrücken wollten (Zentralisierung). Mining Pools würden mit Bigblocks noch mehr zentralisiert sein weil schwerer Nodes zu betreiben. Pools ist ein Problem, Lösung Stratum v2, Ocean/Datum um Blocktemplates zu dezentralisieren. Ver/Bigblocks hätte nichts daran geändert bzw. verschlimmert. Blocksizewar als neutralere Quelle lesen.

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Gonnae fix yer thumbnail oan Rumble an YooChoob tae be RABBIT an no RABIT ye radges? Pure does ma heid in, ken? Merry Christmas Freaks!

Hi freaks, I'm appealing for your help. A catastrophic node failure has occurred, meaning I'm out a lot of sats. Can I ask that if you have a channel to my node 'MickeyWeir', can you please force close the channel so I might recover my funds. Help a fellow freak out from a bad situation - I appreciate karma and will put it back out into the world. Love you all.

Awesome episode!

I quit drinking years ago, over a decade, and the thing that helped the most was to think of my desire to drink as this little person inside me, and me beating the shit out of him every time he tried to talk me into cheating. I can say from this experience that everything you said about appetite in this episode was spot on and high signal. I appreciate it.

"distributed authoritarianiam" Wow, what a 🚩by Greg Maxwell, who is perfectly fine with centralized authoritarianism by Core. Such a fundamental misunderstanding of the issue, and what it means to run your own node, is a serious problem considering who it's coming from. Turns out "the experts" aren't the experts we thought they were. The way core proponents twist the meaning of censorship and authoritarianism is alarming. Another great discussion. Thanks guys!

The best example of core going woke was the blackist change in 2020. It's a particularly good example because the PR author explicitly did it for woke reasons: to use a "more appropriate" word and "make everyone happy". Contrary to Murch's claim that core tries to keep conversations technical (around 1:39:00), this PR had no technical justification at all. This was a good conversation, but if anything it made me even more anti-core. A lot of nitpicky weak arguments from Murch, and dismissive hand waving of valid concerns. We know there is more than one core dev, we have read the core arguments and we are still unconvinced. For all Murch's appeals for understanding the core position (I did make it to the end) he seems to have made very little effort to understand the position against this change. I read the "experts" letter, did he read the rebuttals? https://github.com/bitcoin/bitcoin/pull/19227

Great episode.

Great episode!

Another awesome episode. Thanks Guy!

Awesome discussion. Mechanic's summary at the start was more convincing than anything I've heard in favor of this retarded change. The beginning of the core woke infestation was the PR to remove the word "blacklist" from some test code because, somehow, this word is offensive. All the devs cried "it's no big deal" but I knew at the time it was a bad sign. Now core is a woke cesspool. I will not be running their software anymore.

Great conversation!

Excellent Guy's Take. 🔥🔥🔥

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What a guest and what a story. GL to my American frens over the next few years.

Year of the firehorse, all y'all out there don't forget it! It's always a cool vibe in the bowl, constructive. Crashing out is not a bowl kind of vibe and I like that. Tried to boost from the @npub1cvcgs83gw… npub via boostmebitch.com but didn't quite get there, will try again! Looking forward to what you might find in the PO box too!

I agree completely that this idea of "fix the money, fix the world" has to begin from the individual. "Fix the money, fix the world" is a meme, a nugget of cultural capital. Fix the money, fix the world is simply an ideal not a formula. And by sharing this meme, Fix the Money, Fix the World, it's a short, compact way of communicating that ideal. It's a way for Bitcoiners to come into alignment culturally that Bitcoin will be used for the benefit of all.

Did you know you can buy @npub1vpx9596du… coffee on localbitcoiners.com? Stock up on the best coffee you can buy with Bitcoin! Also, come hang out with us at the V4V Summit at Chicago Bitcoin Collective in September and buy coffee in person!

@npub1yvscx9vrm… took the time to give @npub1cvcgs83gw… feedback about how we're incorporating #v4v into the podcast. We are learning so much from you and your years of experience. Jump to the local Bitcoiners time stamp to hear what he has to say and learn all about the philosophy of value for value.

I miss an episode and it's the one you guys give a massive shout out to @npub1cvcgs83gw… ! This is the #valuechain, high velocity exchange builds capital, especially if that exchange causes a chain reaction of capital to propagate. Not just financial capital (btc) but also intellectual, experiencial, social, cultural, spiritual, ect. This is how the world we want to live in gets built by participation and cooperation, big or small. The key right now is velocity in my opinion.

This entire podcast is loaded with valuable takeaways. Worth listening to twice. So damn good! Personally I resonated with the discussion on producing high quality consumable products that can't be recreated because nature is intimately involved. I feel the same way about breeding and growing cannabis.

Interesting how the data on chain folks are the biggest maxis. #40hpw

Bitcoin And... Has the new that you can use, #40hpw. Thank you, sir.