@ 9c47bb51:000381d0

Let the $MSFT Gods hold these gains overnight and even print more 🚀 Needs that 1k% return https://image.nostr.build/f8a63985667ccab54de25677fd36487d40f2bf9ccad8efcda1140b78d5e7fcb3.jpg

@ 0c9e5e17:480e870b

Do not use to plug bullet wounds, despite what social media says!

@ 0c9e5e17:480e870b

Is this real?

@ 9c47bb51:000381d0

Nice I’ll be waiting for a major pullback. If I don’t get it then oh well. I’ll just buy bitcoin instead.

@ 9f83869c:c6d53766

Consider it bought

@ 9c47bb51:000381d0

Leaps would be so juicy

@ 9c47bb51:000381d0

Haha my bad man https://youtu.be/-vTAeuaVDFU?si=UmrPe9jmdYNr-QNY

@ 04c915da:3dfbecc9

relatively easy to implement but not possible to enforce

@ 9f83869c:c6d53766

Again, outside of my bredth of knowledge. Why you keep giving me homework guy 😆

@ 9c47bb51:000381d0

It’s the SPAC

@ 9f83869c:c6d53766

Wait. CEP is the one funding 21???

@ 9c47bb51:000381d0

With a low enough time preference you’ll be fine. CEP / 21 Capital is starting with 42k bitcoin in treasury. Aim is to buy more, and create Bitcoin related products and services.

@ 9f83869c:c6d53766

I bought more but I basically only trust slow movers after getting burned so many times. Of course I don't actually know what I'm doin. What's goin on with CEP tho? 👀

@ 9c47bb51:000381d0

Thanks yea me and wifey rarely go anywhere because busy with working and busy with toddler. My mom and sister is over so they can watch her tonight while we chill. I’ll definitely let you know boss

@ 9c47bb51:000381d0

Foreal though. I sold my position for profit because I figure CEP is going to take a lot of market share. May re-enter who knows

@ e151ef54:5ce9ddc0

Enjoy! Excited to hear your review and to get to see it myself soon too I hope :)

@ 9c47bb51:000381d0

Paid for with #Bitcoin Watching “Sinners” Tonight!! https://image.nostr.build/4121a2d42cef20e8de1c52142c19bdd8045231fdb3ed17ca5b98aac68dc4629e.jpg

@ 9f83869c:c6d53766

Damn shame they dropped the referral bonus but dems the rules of deflation

@ 9c47bb51:000381d0

https://use.foldapp.com/r/YLMTA4RE

@ 9c47bb51:000381d0

Accept no on-chain on Alby Go

@ 9c47bb51:000381d0

Good morning #nostr https://zapmeacoffee.com/npub1n3rmk5g03eej40rg2x83azxnml879lxxynxegfawl36e6qqrs8gqllmkh7

@ 9c47bb51:000381d0

Right that’s why I made this https://youtu.be/DxBOP6Jck1Q?si=f4c0hcrjLBnAjYps

@ 9c47bb51:000381d0

What’s your thoughts from this overall nostr:npub1uzt238htjzpq39dxmltlx60vxym9fetk9czz6kddq6fhvkf4z3usy9qtrh

@ e096a89e:59351479

Grok says... This change, proposed by Peter Todd, has sparked intense discussion because it touches on fundamental questions about Bitcoin’s purpose, design, and future. Below, I’ll break down the key points, arguments, and implications of this conversation, addressing the technical, philosophical, and practical aspects while critically examining the perspectives presented. --- ### **What is the Context?** The PR (#32359) proposes removing restrictions on OP_RETURN outputs in Bitcoin Core, the reference implementation used by most Bitcoin nodes. OP_RETURN is an opcode that allows small amounts of arbitrary data (historically capped at 80 bytes) to be embedded in Bitcoin transactions. These outputs are unspendable and prunable, meaning they don’t clutter the UTXO (Unspent Transaction Output) set but are stored in the blockchain. The PR would: - Remove the 80-byte size limit on OP_RETURN data. - Eliminate the rule allowing only one OP_RETURN per transaction. - Remove related configuration options like `-datacarrier` and `-datacarriersize`. This change is controversial because it could make it easier to store larger amounts of arbitrary data on Bitcoin’s blockchain, potentially shifting its use case from a decentralized currency to a general-purpose data storage system. The conversation on Stacker News, initiated by user @028559d218 (referencing “wizkid057”), reflects concerns about this shift and its implications. --- ### **Key Arguments in the Conversation** #### **1. Philosophical Concerns: Bitcoin’s Identity** The original post by @028559d218, quoting “wizkid,” argues that merging PR #32359 would fundamentally alter Bitcoin’s nature: - **Bitcoin as Money**: Wizkid claims that removing OP_RETURN limits would make Bitcoin “no longer a decentralized currency,” “no longer money,” and “no longer a store of value.” They argue Bitcoin would become an “arbitrary data storage system,” betraying the expectations of users and node runners. - **Hyperbole or Reality?**: User @optimism challenges this as hyperbole, suggesting the existential crisis is overstated. They argue that arbitrary data storage is already happening (e.g., via inscriptions in SegWit witness data), and the PR merely makes it technically easier at a higher cost (since OP_RETURN data doesn’t benefit from SegWit’s fee discount). - **Community Sentiment**: Posts on X echo this divide. Some users (@DeFiTropical, @chad_agn) see the change as reigniting debates about Bitcoin’s purpose (sound money vs. all-purpose protocol), likening it to the Blocksize Wars. Others (@agentic_t, @niftynei) support relaxing OP_RETURN limits, viewing them as arbitrary restrictions that hinder Bitcoin’s utility or miner revenue. **Critical Take**: The claim that Bitcoin would “no longer be Bitcoin” is dramatic but reflects a real tension. Bitcoin’s design prioritizes financial transactions, and excessive data storage could strain its decentralized infrastructure (e.g., node storage costs, bandwidth). However, dismissing the PR as an existential threat ignores that arbitrary data is already stored via other mechanisms (inscriptions, witness data). The debate hinges on whether Bitcoin can balance its role as sound money with other use cases without compromising its core principles. #### **2. Technical Implications: Arbitrary Data Storage** The conversation delves into how OP_RETURN changes affect Bitcoin’s blockchain: - **Current State**: OP_RETURN is capped at 80 bytes, but other methods (e.g., SegWit witness data) allow larger data storage at a lower cost due to the SegWit discount (witness data is weighted at 1/4 the cost of non-witness data). Inscriptions, like NFTs or “Runes” memecoins, exploit this, embedding data in witness fields. - **PR Impact**: Removing OP_RETURN limits would make it easier to store large data (up to 100KB in a single chunk, per wizkid’s comment) without needing to split it into multiple 500-byte witness chunks. However, OP_RETURN data is 4x more expensive due to lacking the SegWit discount, as noted by @optimism and Sjors. - **Spam and Scams**: @028559d218 worries that spammers and scammers (e.g., NFT or memecoin creators) will exploit larger OP_RETURNs to upload “reams” of data, potentially including illicit material. Wizkid highlights risks like node operators inadvertently storing illegal data, which could expose them to legal liability. - **Counterargument**: @Murch argues that OP_RETURNs are less harmful than other data storage methods (e.g., inscriptions) because they’re prunable and don’t bloat the UTXO set. They suggest that restrictive node policies (e.g., rejecting large OP_RETURNs) harm node operators more than spammers, as nodes miss out on transaction relay, feerate estimation, and block validation efficiency. **Critical Take**: The technical debate reveals a trade-off. Relaxing OP_RETURN limits could streamline data storage, keeping transactions in the mempool and reducing reliance on direct miner submissions (which centralize mining). However, it risks encouraging speculative or malicious use cases, especially if fees remain low. The SegWit discount makes witness data a cheaper alternative, so the PR’s practical impact may be limited unless paired with broader changes (e.g., adjusting the discount, though Sjors notes this might require a hard fork). #### **3. Economic Dynamics: Fees and Incentives** The conversation explores how transaction fees influence data storage: - **Low Fees**: @028559d218 notes that current fees (1-3 sats/vB) are low, with blocks often underutilized. This enables spammers to embed data cheaply, as seen with memecoins using ~10 bytes in OP_RETURNs. - **Future Fees**: They ask how high fees must rise to “outprice” spammers, especially as the block subsidy declines (halving every 4 years). @optimism calculates that a 10KB JPEG inscription costs 60,000 sats at 2 sats/vB, while OP_RETURN costs 240,000 sats. At higher fees (e.g., 20 sats/vB) and a 5x Bitcoin price increase, a JPEG would need to be worth ~$3,000 to break even, potentially deterring frivolous use. - **Miner Incentives**: @Murch points out that data storage is a “millions of dollars business,” and miners benefit from higher-fee transactions. Restrictive node policies could push data transactions to mining pools directly, centralizing revenue to large miners. **Critical Take**: Low fees and block underutilization exacerbate spam, as speculators can afford to embed data. Rising fees and Bitcoin’s value could naturally deter low-value use cases (e.g., memecoins), but this assumes sustained transaction demand. The declining subsidy makes miner reliance on fees critical, so dismissing data-driven transactions could harm Bitcoin’s security model. However, prioritizing miner revenue over node efficiency risks centralization, as smaller nodes struggle with storage demands. #### **4. Social and Governance Issues: Community Input** The discussion touches on Bitcoin’s development process: - **Censorship Concerns**: @unschooled expresses unease about voices being “effectively censored” in Bitcoin Core discussions, suggesting some developers treat the repository as their own. This echoes wizkid’s call for broader community input, arguing the change is too significant for mailing list debates alone. - **Need for Discourse**: @optimism advocates for patient, open discussion, warning that past changes (e.g., script size constraints) led to unintended consequences like inscriptions. They hope for “team discourse without escalation.” **Critical Take**: Bitcoin’s decentralized ethos demands inclusive governance, but the technical complexity of Core development often limits participation to a small group. Excluding broader input risks alienating users, especially on changes that could redefine Bitcoin’s purpose. However, open-ended debates can stall progress or devolve into unproductive conflict, as seen in past scaling wars. #### **5. Practical Questions: What Can Be Done?** The conversation grapples with solutions: - **Running Bitcoin Knots**: @028559d218 mentions running Bitcoin Knots (a Bitcoin Core fork with stricter mempool policies) to filter spam, but notes that consensus-valid data (in blocks) is still stored. @optimism warns that Knots nodes may face validation delays, as seen with OCEAN pool’s empty blocks. - **Fee Market**: Higher fees could deter spam, but @028559d218 fears low transaction demand threatens Bitcoin’s viability more than spam. They hypothesize a future where fees remain low and blocks are filled with “50% monkey JPEGs,” questioning if Bitcoin is on a path to failure. - **UTXO Bloat**: The growing UTXO set (16GB in 2023, per @optimism) and dust outputs from memecoins concern users, as they increase node storage costs. @028559d218 wonders why spammers don’t consolidate dust during low-fee periods. **Critical Take**: Solutions like Knots offer partial control but don’t address consensus-valid data in blocks. Relying on high fees assumes a robust transaction market, which isn’t guaranteed. UTXO bloat and dust are real issues, but spammers’ failure to consolidate suggests speculative behavior prioritizes quick profits over long-term efficiency. --- ### **What Do I Make of This?** This conversation is a microcosm of Bitcoin’s ongoing identity crisis: Is it primarily a decentralized currency, a store of value, or a versatile protocol for various use cases? The PR #32359 debate exposes deep divides in the community, with valid points on both sides: - **Against the PR (Wizkid, @028559d218)**: Relaxing OP_RETURN limits risks turning Bitcoin into a data storage platform, undermining its monetary purpose. The ease of uploading large or illicit data could burden nodes and expose operators to legal risks. Bitcoin’s social contract—its promise to users as sound money—could be violated, alienating its core base. - **For the PR (@Murch, @optimism)**: Arbitrary data storage is already happening, and OP_RETURN is a less harmful, prunable way to handle it. Restrictive policies hurt nodes more than spammers, and blocking data transactions could centralize mining. The PR aligns with economic realities (miners need fees) and keeps the mempool transparent. **My Take**: The truth lies in the messy middle. Bitcoin’s design must balance its monetary role with practical realities like miner incentives and user demands. The PR doesn’t “destroy” Bitcoin, as wizkid claims, but it does amplify risks of abuse (e.g., spam, illicit data) without addressing underlying issues like the SegWit discount or low transaction demand. The community’s fear of change is understandable—past updates led to unintended consequences like inscriptions—but resisting all evolution risks stagnation. The bigger issue is Bitcoin’s long-term sustainability. Low fees and underutilized blocks signal weak demand, which is more threatening than spam. If fees don’t replace the declining subsidy, miners may exit, weakening security. Data-driven transactions, while controversial, contribute to fees, but prioritizing them over financial use cases could erode Bitcoin’s decentralized ethos. --- ### **What’s the Best Thing to Do?** The conversation’s question—“What is the best thing to do?”—has no easy answer, but here are reasoned steps: 1. **Broaden the Discussion**: Move beyond mailing lists and GitHub to platforms like Stacker News or X, ensuring diverse voices (users, node runners, miners) are heard. Bitcoin’s decentralized nature demands inclusive governance. 2. **Delay the PR**: @optimism’s call for patience is wise. Rushing the change risks unintended consequences, as seen with inscriptions. A thorough analysis of incentives (e.g., SegWit discount, miner behavior) is needed. 3. **Explore Technical Mitigations**: Investigate soft-fork options to adjust witness data weighting or incentivize prunable outputs. Research ways to filter illicit data without centralizing control. 4. **Educate the Community**: Clarify OP_RETURN’s role and the PR’s implications to counter hyperbole and misinformation. Tools like Umbrel can empower users to run nodes with custom policies (e.g., Knots). 5. **Monitor Fee Dynamics**: Track whether rising fees naturally deter spam or if low demand persists. If fees remain low post-halving (2028, 2032), Bitcoin’s security model needs urgent reevaluation. --- ### **Final Thoughts** The PR #32359 debate isn’t just about OP_RETURN—it’s about Bitcoin’s soul. The community must navigate this carefully, balancing innovation with fidelity to Bitcoin’s original vision. Spam and scams are annoying but manageable; a fractured community or a centralized network would be fatal. Open discourse, not censorship or rushed decisions, is the path forward.

@ 9c47bb51:000381d0

Why it could be positive: • Cleaner way to store extra data: OP_RETURN lets people attach data to Bitcoin in a way that nodes can delete later, which helps keep the system lighter over time. • Better than alternatives: Without OP_RETURN, people use worse methods that bloat the blockchain permanently, making Bitcoin harder to run for everyone. • Freedom with responsibility: If people are going to add data anyway, this change lets them do it in a way that’s more respectful to the network. Why some might see it as negative: • More “junk” on Bitcoin: Even though the data can be deleted by nodes later, it still has to be downloaded first, and there could be a lot more of it. • Potential abuse: People might spam the blockchain with memes, files, or nonsense just because they can — even if they’re paying for it. Bottom line: This change probably leans positive because it gives people a better way to do something they’re already doing — without permanently clogging Bitcoin’s memory. It’s not perfect, but it’s an upgrade from worse behavior.

@ e096a89e:59351479

A bit above my pay grade too

@ 9c47bb51:000381d0

Okay so nothing to worry about too much then in your opinion

@ 6140478c:7cab0da5

Oh i thought you meant the PR, but maybe you’re asking about the specific comment. IMO, this is catastrophizing. It’s not that big a deal. Bitcoin will be fine either way. If people leave Core as a result, then Bitcoin will be all the stronger for it.

@ 9c47bb51:000381d0

Thoughts and ideas on this? I’m not smart enough to know #nostr #asknostr #github #bitcoin #devs https://github.com/bitcoin/bitcoin/pull/32359#issuecomment-2835467933

@ 9c47bb51:000381d0

New videos out #nostr that you should check out #bitcoin https://youtu.be/DxBOP6Jck1Q?si=f4c0hcrjLBnAjYps https://youtu.be/SODTUhP05As?si=nNy4rdkfkUi-BdVv

@ 9c47bb51:000381d0

Cheaper Sats https://image.nostr.build/cd17dfe29b4ad231d2b0a73f3db3e161465c1aa4cfc6d84e4c754939b696d887.jpg

@ 9c47bb51:000381d0

Nice

@ 9c47bb51:000381d0

Yea I just seen how much we struggled and I said this isn’t for me. Still struggling but not as much as I was 5,10, or 15 years ago.

@ e151ef54:5ce9ddc0

nostr:npub1n3rmk5g03eej40rg2x83azxnml879lxxynxegfawl36e6qqrs8gqllmkh7 Same on this side. Your folks clearly (purposefully or not) taught you the importance of knowledge and self reliance, because I can see you took that lesson and ran.

@ 9c47bb51:000381d0

Crazy because my mother was born the year Nixon took us off the Gold standard. I never had a chance. Parents weren’t greatly educated nor invested into assets.

@ 9c47bb51:000381d0

Bitcoin standard or poor? Probably both https://image.nostr.build/c3783f2e83317f1f604d44fb88fe42e4473ba717fa359ffa52991ac12a8ce3e2.jpg

@ 9c47bb51:000381d0

Easy fiat mining and yet the world looks past it. $125 for 60 min of my time https://image.nostr.build/7e35e9405f4c145a6722ec0965fa16de856aaf14e5cedf513e703b19fb55a344.jpg nostr:note1fr6jclsln24xaz50y57sj0af6qjs0qalszactxmzqh9hrnlarqls6lethl

@ 9c47bb51:000381d0

Bitcoin Money & It’s Strong Military https://youtu.be/e_dlZlQ3sWE

@ 9c47bb51:000381d0

How I’ve been working from home the past two years #nostr https://healthandwealthdad.gumroad.com/l/Bundle

@ 9c47bb51:000381d0

Start Saving for the years ahead of you | Save in Bitcoin https://youtu.be/oPxLWNeq_XM

@ 9c47bb51:000381d0

Much love 💙

@ 9c47bb51:000381d0

Good morning #nostr Appears no one gives coffees anymore https://zapmeacoffee.com/npub1n3rmk5g03eej40rg2x83azxnml879lxxynxegfawl36e6qqrs8gqllmkh7

@ 9c47bb51:000381d0

So grateful — so blessed

@ 9c47bb51:000381d0

I got you

@ 9c47bb51:000381d0

Lfg

@ 9c47bb51:000381d0

We should be good though. 🚀

@ 9cb3545c:2ff47bca

nostr:note17sczyxn7k6fmk8h7u822p92lgnmmdy6v37uardkug5h74vsme5vqa4zrlk

@ 9c47bb51:000381d0

And back down haha

@ 9c47bb51:000381d0

nostr:npub1u9g774889rgjq2exf6l0qt9aa257fdt0xux6wnn98kpfwh8fmhqq3z99gp is new here

@ 9c47bb51:000381d0

What’s up boss

@ 9c47bb51:000381d0

4show brother

@ e151ef54:5ce9ddc0

Well that explains why you’re so tapped in!

@ 0c9e5e17:480e870b

Just me consolidating my wallets! nostr:nevent1qqsyzfszhw9n4tyc4pwp89k6f0vlcx6cux3l2c9j77v9ha8j62jpdmqpzemhxue69uhhxetpwf3kstnwdaejuar0v3shjz0u2ku

@ 9c47bb51:000381d0

I sure hope I know a little after being in medical school for a few years

@ e151ef54:5ce9ddc0

I love this - you really know your stuff! I have been on the turmeric tip for a minute now. Helped me so much with this elbow pain I had been having after I went too hard in the gym!!!!

@ 9c47bb51:000381d0

Nice some colored folks

@ 9c47bb51:000381d0

The one on the left will take care of you boss https://image.nostr.build/cef0af61621d6a5575904455d5ee7dbab115a5ba79cefa5f52ba8fa804095cc2.jpg

@ 9c47bb51:000381d0

Right like I’ve never seen peeps this active.

@ 9c47bb51:000381d0

Send it all back then playa lol

@ 9c47bb51:000381d0

Not enough

@ 718db78f:987c8f89

How many Bitcoin do you have?

@ 39cd6acd:a2427731

Keep the sats. You're still on probation 😁

@ 39cd6acd:a2427731

So there are Nostr users. They just be lurking 👀

@ 9c47bb51:000381d0

All finished thanks to those who’ve shown support #nostr nostr:note1rl9dghkmrtypkwfjt3gqv2236ejn3rsw36cx8m9hmsku65fzdcwshstsny

@ 9c47bb51:000381d0

Solid day #nostr Still holding some contracts Buying some sats to secure my future https://image.nostr.build/93092d0ec68a0e65019bcf24364744b630e01beb1bacf7b100b62638946beaeb.jpg

@ 9c47bb51:000381d0

Thank you 🙏🏾

@ b0fdd723:06f0ffd4

Great video 🧡🏴‍☠️

@ 9c47bb51:000381d0

So what you’ll just hold a bunch of cash on hand for a potential dooms day? Actually curious not shaming

@ 0b817937:d4d97df8

no internet, but still requires power. it will have to be tangible.

@ 9c47bb51:000381d0

Yea but something you can use without the internet. You can still use bitcoin. There have been growing adoption with it in Africa.

@ 0b817937:d4d97df8

ecash is still digital, no? i have my _money_ on seashells & shiny rocks

@ 9c47bb51:000381d0

Or Ecash or seashells

@ 9c47bb51:000381d0

YouTube

@ 9c47bb51:000381d0

Congrats to you two

@ 5d405752:4cf189bf

Do we have comment here or at youtube?@😉

@ 9c47bb51:000381d0

I think we’ve reached our goal Thank you for interacting #nostr family nostr:note1rl9dghkmrtypkwfjt3gqv2236ejn3rsw36cx8m9hmsku65fzdcwshstsny

@ 9c47bb51:000381d0

$TSLA moving nicely https://image.nostr.build/c821dbc1f35c03a575dca92abcdeab1f4a13029261ddfd464653ddb6db471c5d.jpg

@ 9c47bb51:000381d0

Yea perfect playbook he designed

@ 9c47bb51:000381d0

Thanks for sharing

@ 9c47bb51:000381d0

You too Nice old Ye

@ 37ed5e89:6d6cf46e

GM everyone Bitcoin helps fight hunger I share it, like it and save this very interesting article.

@ 9c47bb51:000381d0

I practice what is known as surat Shabd yoga. I have a teacher who taught me the practice. Its intention is self realization and God realization. Meditation on the inner light and sound. TM is a good practice. Should definitely keep practicing brother.

@ 9c47bb51:000381d0

Thank you 🙏🏾

@ e151ef54:5ce9ddc0

What kind of meditation are you into? I did a bit of reading about Transcendental Meditation awhile back, but I’ve yet to put anything into practice or created a meditation habit.

@ 7ebac057:7852cedd

Done 🌸 https://m.primal.net/QgJY.jpg

@ 9ce93661:44d63154

GM Fren 🌞 have an amazing day today https://youtu.be/wqCz3-v3PHA

@ 9c47bb51:000381d0

Yea man 1000%

@ 9c47bb51:000381d0

Phone bill officially $25/month When I do more international travel I’ll switch back to $45/month.

@ 9c47bb51:000381d0

GM

@ 9c47bb51:000381d0

The most essential supplement of life is Shabd

@ 9c47bb51:000381d0

Thanks for Sharing nostr:npub1mpz30qp2gdr403t2apjzhla56fh94hs8zgznw5pp26q0tztw27dsu60pxm

@ 9c47bb51:000381d0

Love to see it

@ 9c47bb51:000381d0

Man for real no real major progress or they are just slowly building in silence.

@ 9c47bb51:000381d0

Yogi Resources 👇🏽 #nostr https://linktr.ee/HealthandWealthDad https://image.nostr.build/ed1f76ad1002373ba98e9cab6ad30901ecd5b3da26cf83d1cf04dc72ddec4608.jpg

@ 37ed5e89:6d6cf46e

Gm

@ 9c47bb51:000381d0

At nostr:nprofile1qyw8wumn8ghj7mn0wd68ytfsxyh8jcttd95x7mnwv5hxxmmdqyw8wumn8ghj7mn0wd68ytfsxgh8jcttd95x7mnwv5hxxmmdqqsqp6ugen435mzy9d78ss6n08yhyjjh6ydt6wc2uawdd0jjkcj6jhsk9at0s we offer 3% off all products when you pay via lightning. "Feel the Bliss" #Nostr #Bitcoinpayments #Bitcoincirculareconomy https://blossom.primal.net/b1a42c78968753a9205db5d21feae3ee4d00848285bc16fde992bbc4c56bef09.png

@ 9c47bb51:000381d0

This is Amazing I wish I had 1 $XMR

@ 9c47bb51:000381d0

Trying to get back on my meditation practice as it’s the most important work.

@ 9c47bb51:000381d0

Thank you You as well friend

@ 66fd9c5c:e91fcb58

GM ☕️ have an amazing Monday 🤙🏼