Oh man you are sending this deep 😂

Hey thank you for your explanation. Sorry I guess I was focussing more on the mechanics of the underlying layer. As in, the validity of the blockchain isn’t compromised. I hope I’m no misunderstood here, I think people should be angry as hell that their wealth and their life raft is being undermined by a select few. It’s a fiat manoeuvre, and I hope more people do something about it. These changes clearly go against the whitepaper, go against the intended design, and go against the entire valuation model of btc history and its present use case. I do want to push back on something though - It’s a default v30 setting, not a necessary one. So from that 12% you mentioned - because propagation relies on paths, how many of those v30 users run disabled defaults, or filtered inscriptions, or use custom configurations. The software version number doesn’t generate the spam, the mempool policy does. I think most people will be aware of the policy (except newbies who following instructions on a site). And I don’t see the incentive for most nodes to run v30 on its default settings, so why would they? Plus miners also have to choose to include the junk once they’ve received it. My understanding is that miners will ignore any junk that doesn’t at least pay more than the real transactions. So any spam has to outbid the market, which also reduces the chances of it being included in the block. This is what happened in different hype periods with the satoshi dice spam in 2013/14, opreturn graffiti spam in 2015/16, block size war spam waves, 2020/21 consolidation spam, and the 2023/24 Ordinals + BRC20 inscription mania (which I imagine is actually worse than v30 will be?). And bitcoin recovered every time, institutional adoption grew, and real payments reclaimed blockspace. Spam is expensive to sustain, hype burns out, junk creators run out of money, normal transactions set the long term fee floor, the block size cap prevents unlimited bloat. So the junk always collapses under its own cost. I guess my point is that I don’t think (and am hopeful) that nowhere near that 12% is actually participating in spam. And that there are a number of hurdles to pass to get there. I imagine you know all of this sorry, I’m more saying this so if anyone else reads the thread, they don’t just panic into doing nothing or bailing out of btc. Everyone should run a node and ensure it’s not v30 on default settings. Because it doesn’t just mean you refuse to participate in undermining the btc network - it means you actively fight those that do, because you break the propagation paths. The more path breaks there are, the less spam there is. Plus you gain the other benefits of running a node. Right now I prefer Knots, because the more traction that clear alternatives to Core get, the easier it becomes for newcomers to see that they do have options. Choice strengthens decentralisation. Which weakens the power plays of the future. I guess my main point is that if you don’t agree with devs, then the worst thing you can do is give up on btc. If you care about sound money, if you care about decentralisation, you can fight back by running a node on your terms. It’s like selling a dip. Don’t let emotions ruin your ability to defend what yourself. Much respect to you 👊🏼✊

Gold doesn’t have ‘store of value’ written on it either — the property creates the role. The protocol creates the conditions. People create the value. The white paper was a blueprint, not a prophecy.

Maybe I’m not concerned enough. I would’ve said that defaults settings aren’t destiny. Bitcoin doesn’t catch diseases unless users stop choosing their own software. How does core v30 default settings impact me, if I don’t run core v30 default settings?

Core can drift, companies can grift, incentives can get weird. Bitcoin’s immune system is simple: run something else. Consensus doesn’t move unless everyone moves. If core v30 feels like a toilet brush, just don’t download it. Use an alternative. If anything, knots is more secure anyway because it sticks closer to the minimalistic values that made btc money and secure in the first place. Less shit = smaller attack surface. Giving up on btc because you cant trust core dev, is like chopping off your nose because you don’t like farts. Just move away from the guy who had last nights curry.. Problem solved. #btc #bitcoin #CoreVsKnots #Core #Knots

Giving up on btc because you cant trust core dev, is like chopping off your nose because you don’t like farts. Just step away from the guy who had last nights curry.. Problem solved.

I wish I understood what is going on here 😂

So.. Oregon has multiple suns in orbit?

https://m.youtube.com/watch?v=RA2cvfdwy0I Seen a lot of people feeling negative about today’s episode BTC254 with and .. I think these people are misunderstanding what Luke’s saying. He’s bullish. Luke isn’t predicting total US collapse, China takeover, global war, systemic end times, hyperinflation.. he’s just describing vulnerabilities that pressure a response. His point is that the US has entered fiscal dominance: debt and deficits now limit how far the Fed can tighten. So tightening is nearly done, something will eventually “crack”, then QE comes faster, and bitcoin benefits most from the easing phase. If these macro moves are making you want to sell during a dip… step back for a minute. Take a breath. Think about what that means to “sell a dip”. Talk to someone who’s been a hodler through a few cycles about the normality of btc volatility running in tandem with constant up and to the right. Or talk to a macro nerd. Or there’s a handy tool built for this kind of analysis on your computer. - Go to the podcast transcript on their desktop webpage - Copy the whole transcript into a text document - feed the document into an LLM like ChatGPT or whatever - tell the LLM to do some deep research on the current state of the market so it can get some context around the podcast transcript - then ask it to summarise the transcript discussion for a new bitcoiner/someone not familiar with macro/lay person/whatever it is that best suits you.. - they’re pretty good at text to concept explanations, so you’ll be able to query it to help your understanding or even get some non emotional advice around the risks and rewards of investment decisions at this time - DO NOT GIVE IT YOUR PERSONAL INFORMATION - But ask it any question you want as an information seeking, neutral observer. Change can be exciting or scary - so you can either approach this time as a wealth opportunity, or as a wealth cost. Whichever one you chose, will become true for you. This is sovereign money - It is your choice. This is my first post on here by the way. Long time bitcoiner, baby nostrer. What a primo platform you lot are building.. amazing. Been here a couple weeks and I’ve already seen some legends in action (and accidentally upset a couple..).. Anyway, keep it up community! I’m impressed by you all (even the ones I disagree with) because you’re all here. #intro #introductions #btc #bitcoin #nostr #macro #plebchain #bitcointalk #podcast

Erghh Some interesting talking points. But it’s also some very strong spin on those events that’s being presented (to at least a partly Phillipine audience by the looks of it). Phillipines ties to US were really cemented in WW2, long before China was considered a major threat - when China and the US shared the same enemy in Japan. After Pearl Harbour, the US would not risk war unannounced on its doorstep again, hence it further developed those bases in the Philippines. Taiwan is not a US proxy for war. Similar to the Philippines, it’s US interest is to retain an element of control or at least supervision of what is going on in the other side of the Pacific. But that means China feels exposed like the US did with Cuba, and like Russia did with NATO expansion. It’s also now something that the US cannot afford to leave because of the chip manufacturer TSMC. If the US loses that chip manufacturing, their economy absolutely dives. Apple, Intel, Google, Microsoft, NVIDIA, Amazon, Meta, Tesla, OpenAI, and many others cannot produce their products without those chips, and the only manufacturer with that capability and capacity of production is in Taiwan.. so they’re US current greatest weakness, is sitting just offshore China. Neither one wants casualties, but both find the current situation unacceptable. So they’re out there wheeling and dealing, puffing their chests out, trying to influence or manipulate other countries wherever they can.

Don’t sell the dip mate

A lot of people feeling negative about this episode.. I think they’re missing what Luke’s saying. He’s bullish. Luke isn’t predicting total US collapse, China takeover, global war, systemic end times, hyperinflation.. he’s just describing vulnerabilities that pressure a response. His point is that the US has entered fiscal dominance: debt and deficits now limit how far the Fed can tighten. So tightening is nearly done, something will eventually “crack”, then QE comes faster, and bitcoin benefits most from the easing phase. If these macro moves are making you want to sell during a dip… step back for a minute. Take a breath. Think about what that means to “sell a dip”. Talk to someone who’s been a hodler through a few cycles about the normality of btc volatility that runs in tandem with the constant up and to the right. Or talk to a macro nerd. Or there’s a handy tool built for this kind of thing on your computer. - Go to the podcast transcript on their desktop webpage - Copy the whole transcript into a text document - feed the document into an LLM like ChatGPT or whatever - tell the LLM to do some deep research on the current state of the market so it can get some context around the podcast transcript - then ask it to summarise the transcript discussion for a new bitcoiner/someone not familiar with macro/lay person/whatever it is that best suits you.. - they’re pretty good at text to concept explanations, so you’ll be able to query it on whether it’s a good time to sell btc and all sorts of other stuff - DO NOT GIVE IT YOUR PERSONAL INFORMATION - But ask it any question you want as an information seeking, neutral observer. Change can be exciting or scary - so you can either approach this time as a wealth opportunity, or as a wealth cost. Whichever one you chose, will become true for you. This is sovereign money - It is your choice.