BIP-110 goes back to 80b op_returns which works for hashing (timestamping) purposes so I don’t see what the problem is. It prevents arbitrary data greater than 80b

Good for Nostr and Bitcoin adoption long run

Attended Canada v Switzerland in Vancouver at the exact same block height!

Attended Canada v Switzerland in Vancouver at the exact same block height!

Age of Abundance is emerging ⚡️

Was fun to dig into the chat between and hosted by . These two very sharp gentlemen diverge ever so slightly in their approaches - and here’s hoping Simon can close that gap. https://www.youtube.com/live/LNbNwu94eLs?si=mhb1s07jy03kZA_S

This is a fundamentally self-contradictory statement: "That is the value that Saylor is creating. He is building Bitcoin's yield curve." Bitcoin has no yield, so building a yield curve just means reintroducing the credit-money stack that bitcoin was designed to retire: someone, somewhere, is now taking leverage and credit risk so that "bitcoin" can pay a coupon it cannot natively pay. With MSTR and the preferreds, we are very much on a path towards what Jeff is describing: 1. Over time, more of the money that would've just bought bitcoin buys the yield product instead, because it pays income and feels safer. At the margin, the preferred quietly becomes a substitute for buying bitcoin. Not in today's snapshot, but that's the direction every year this thing grows. 2. Strategy doesn't lend its coins, but the preferred itself becomes collateral out in the world. One coin sits reserved while the claim on it gets pledged and borrowed against again and again, in margin accounts and structured products. 3. Even if none of that happened: moving more and more coins off the network into a handful of company balance sheets, parked at two or three custodians, is centralization on its own. These all contribute to the centralization of bitcoin when you have infinitely expanding claims on top of a fixed base. Eventually, when there is a bank run, the system tries to change the rules to stay solvent. Because of the nodes and the protocol, it will not succeed this time.

Will be very interesting to follow Real Bedford’s ascent.

And they just scored! ⚽️

There’s no limit to how much we can learn - individually and collectively - and we’re all on different points of our own paths

Hashes fit within 80b op_return limit