Chat_151 - Bitcoin Technically, Ideologically, and Actually with Murch

Thanks for all your work, guys. I don't always agree with you but appreciate you regardless. I'm trying to add to the free, private, decentralized apps space based on p2p protocols and design using the Pear stack. So far I have a family/group calendar, family/location sharing and screen time apps. Please check out what I've got so far at https://peerloomllc.com or check out @npub16u9hy2m8w… on NOSTR.

The bark wallets are great

Paul is arguing that Lightning doesn't work because it doesn't scale to 8 billion? Has anyone claimed it would? Does any monetary system we have scale to the whole world? Appeals to authority, admitting he hasn't used it in recent years, clearly has an axe to grind about a different solution (drive chains). Seeing more and more "OGs" who are disappointing. Slay your heroes, fam.

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Shinobi is like Bitcoin's version of Reddit atheists and lolbertarians doing a "well akshually". The fact that he admitted he can't steelman the opposition tells me everything I need to know. Doing that is histrionic moralphagging, "It's so absurd I can't even...they must be crazy!"

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Danny is crushing it, audio be damned

Pre boost 👍🏻👍🏻

Oops, meant to boost more

Pretty good song

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Saying all the things I've been thinking after listening to multiple podcasts with Whitney and Mark making their rounds after publishing their new article. Glad I'm not the only one

Song boost! Props to V4V artists being better than most fiat slop on the radio these days, even when I don't particularly like the genre

I was already running Knots and Datum for my miners for true solo/lottery mining. After the last two weeks following the debate on Twitter and podcast I just can't see any good, consistent reason for maxing OP_RETURN size AND nuking configuration options. It's clear they want to homogenize all mempools which makes mining centralization even more of a problem. Need to get back to original vision of nodes being in control and nodes/miners being more coterminous.

Agreed. I've felt bad vibes coming from Core camp since the very beginning of the debate before I really understood the issue. Glad we clearly agree on this 😁

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Trust the plan

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Song boost

Bitcoin adjacent products are mainly there for institutions that can't hold Bitcoin directly or for tax "advantaged" 401ks/IRAs held by us wage-slaves. When I'm getting %6 match from my employer you better believe I'm putting all that towards Bitcoin ETFs or MSTR. So long as the fiat gains track with Bitcoin AND the system doesn't blow up, there's a good path to one day cash that out and convert into Bitcoin, then live off it by using BTC-backed loan products, inflating away the fiat debt so long as BTC CAGR outpaces the interest. Of course, all other take-home pay goes directly into BTC. These products have their niche, and I think that's what Saylor and Mallers are tapping into

No actual discussion about the BIP technicals. Projection, fear-mongering, mind reading. Odell kind of did the same thing with Swan Bitcoin a couple years ago when he didn't have info that they hadn't announced and basically accused them of being bad actors and had to walk it back. If you disagree with the goal and assume bad motivations then of course it's going to seem like an attack. BIP-110 supporters can (and probably do) say that Core's actions + some statements by various devs + various VC connections = attack on Bitcoin. Everyone has their idea of what they want Bitcoin to be and everyone has something at stake. As a small miner who is all-in on Bitcoin for years now, and has been following this issue since early 2025, I support the vision of BIP110. Doesnt mean it's perfect, but I believe it's better than the direction we'd be heading without it.

the core dev, lorinc, finding a critical consensus bug from sloppy coding in 110 was hilarious.

110 is an attack on Bitcoin. Doesn’t mean Core is perfect either.

"Real wages have increased in lowest quintile". How many jobs are they working ((many had to work extra jobs) and how much of those are government jobs?

You can always tell a Leftist when start dropping F-bombs before words as a form of emphasis. Dude has TDS something hard

He is of the group that still believes in "classical liberalism" where it's arguably classical liberalism that got us to this point.

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I like the clips.

⚡️⚡️FINANCE BRO PODCASTS ARE THE REAL SHITCOIN!!!!

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Continued love from the Seattle crew

Great rip!! 🫡👍🏻

Mid and upper models of Flair Espresso maker are plastic free in the brewing areas and around $400-500. Tradeoff is it’s manual but that is just more proof of work. Pair with a metal hot water kettle and you’re all set.

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Great vibes

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🔥🔥🔥 the Stormlight Archive series by Brandon Sanderson is the best modern fantasy series, fight me

Nostr sneak peek ftw, great idea

Helene relief boost

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.

Boost my boy Ansel. Most underrated Bitcoin/macro analyst in the space, imo

Unfortunately, I'm in one of the few states Salt Lending doesn't service yet (Alabama), but I am able to use LEDN. They have higher rates, but it's still a very cool unlock to live off Bitcoin without selling, assuming BTC CAGR is consistently higher than the rate. Just roll over the loan after 12 months and reclaim some of the BTC. Very nice

We babk, bby

Great signal and analysis here. Consider me subbed

Whether people love them or not, super bullish to see tradFI products come to bitcoiners

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Embrace Christmas

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Dave crushes it starting at 47:51, absolutely perfect, spot on rant. We are the ones staying to fight. Thank you for stepping up and being a voice for the resistance.

For the love of all that is holy, please read the actual BIP. Lightning would not be affected. So much of the outcry I've heard against the BIP is either not true or has nothing to do with the technicals (I.e. philosophical/ideological) Start with www.bip110.org for the high level FAQ. It took me 10 seconds to look this up. I could be wrong on this, but I haven't seen any technical debates happening (i.e. "the BIP says it won't affect lightning channels becaue of X but actually it will because of Y...")

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!