Yes! reminds me of Jeff Booth words that make me click and take action: ājust stop giving your time and energy to the existing system, and move it to the other system, is that simpleā š¤
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Yes! reminds me of Jeff Booth words that make me click and take action: ājust stop giving your time and energy to the existing system, and move it to the other system, is that simpleā š¤
Hooooly shit
In my view what happened in 2023 was a bad move, and this op_return builds on this previous bad move. Therefore in my view the argument āit does not change anything compared to 2023ā is not a good argument But this point of view can be embraced only for those who agree that changes made in 2023 were a bad move, and here I donāt know where you stand man
No thanks to you and for the invaluable work you are doing. Calling out all the environmental fud around bitcoin and getting it corrected one at a time, taking the time to patiently explain it to people don with irrefutable data. Thanks again for all your work, donāt think it goes unnoticed!
Loving these new short videos of yours šš¼
I think is this: yes you can already do it and at a discount, but in a way that is a āwork-aroundā, namely in a way that the network is not endorsing and is not intended to be used for. This distinction might not matter from a ātechnicalā point of view, but it matters from a ālegalā and mostly a āwhat is bitcoin forā point of view. Here we are trying to onboard family and friends to bitcoin presenting it as money, which is already hard as fuck, and on top we gotta say āyes the network also allows and now facilitate relay of data that is not monetary, but donāt worry about that itās mostly money trust meā The idea of āopen to every data and money/data will eventually winā is great and I endorse it, but I think itās too soon for that and mostly itās not realistic for the present environment. Can you imagine a normal person (and we need to onboard these kind of people) saying āoh yes freedom all the way, who cares if someone relays illegal data, Iām in it for the monetary networkā Also, while people can already do it, making it easier for them (instead of having to go directly to a miner or making memepool policy harder to really this things) is again removing friction. And this friction matters (please donāt tell me you believe in the ābut this contributed to miner centralization narrative). And after all this, even if this op_return things is technically ok, arenāt you worried from the behaviour that some of the main core devs have been displaying? Because for many of us is not about āI love knotsā, itās about āholy shit thereās something wrong going on with coreā
We both agree that fees will rise, but the reason will be increase of use of the blockchain, not increase of price (although it makes sense the 2 will go hand in hand). 1) what do you mean plebs will not have any utxo on layer 1? Do you think they will use only layer 2/lighting without having any utxo on layer 1? I donāt think this is what is gonna happen. I see more likely that pleb will use layer 1 only for important transfers and most of all to store their savings, and use layer 2 for smaller payments (what many of us already do now actually) About the future role of nodes I think is too far ahead in the future to try assess how it will develop (things change in unpredictable way). But I think the 2 main reasons for running a node today will persist in the future too (and maybe other reasons will be added)
We all know the answer man (and Iām typing this with a hard one because of that corvette, good god look at those curves!!)
The fees donāt increase if the price of btc increase. Fees are not related to the price of btc, but rather to how many people are making transactions on layer 1 on chain (many people want to transact on layer 1 = high fees). They do say that one day mostly (mostly, not only) big entities will use layer 1 on chain to transact (because they are the guys who move millions and billions and they need to do it within a certain time frame, and so it makes sense to pay a high fee for them given their situation). But even in that scenario a normal nobody pleb is still incentivized to run a node because: 1) you want to verify yourself with your node that your utxo are real (if you use somebody else node you are trusting somebody else telling you āyes you have these utxo with these amountsā) 2) it is still in your best interest to make the btc network as decentralized as possible and not to trust others to do it for you (especially big entities, because they have never fucked as over in the past/present right?) 3) if there is some dispute in the bitcoin community (like for example now with core/knots) running a node is your way to āvoteā in the bitcoin network (you got no node? You donāt get to vote)
I still have to watch this video I saved a while ago, maybe itās what you looking for? https://m.youtube.com/watch?v=_-Acfj4SO6g
Just a man who is very curious, loves to learn and discuss ideas