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ODELL20d ago
my investment firm ten31 has provided over $250 million to great bitcoin companies building great bitcoin products that make it easier to use bitcoin as money. we have zero interest in shitcoins or arbitrary data on bitcoin and are the only major firm that can say that. we are all in on bitcoin. https://ten31.xyz
💬 179 replies

Replies (50)

GFY19d ago
🦗🦗🦗
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GFY19d ago
🦗🦗🦗
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ODELL19d ago
nope
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quietstacking19d ago
that's wild
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notstr19d ago
Want OP_RETURN to continue to be consensus valid. Miners running reasonable defaults should not be punished.
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Rusty Russell18d ago
OpenTimestamps transactions aren't financial data, nor memes. So are they spam?
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Rusty Russell18d ago
OTS transactions only exist to put non-financial data in the Bitcoin blockchain. Is that ok?
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quietstacking18d ago
hm, rare signal
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JackTheMimic18d ago
I reject the question of "is that okay?" I only submit whether the definition of spam is accurate. Your characterization of a transaction that is Open time stamped is not accurate. It is a financial transaction that is used as a timestamp proof. Like using a decentralized checkbook to prove you were in the store writing the check at a given time. The transaction is a transaction, the OTS correlated is coincidental. Again spam is when a field is exploited beyond the necessary data to make the transaction. OTS embedding doesn't add extra data and therefore burden on others.
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Rusty Russell18d ago
And does this mean you're okay with transactions that transfer NFTs? Because that's a financial transaction?
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BushRat6d ago
Why do you need a picture of a monkey printed on your receipt? If the nft was text only, proof of purchase, like they were originally before the money laundering fake art scams changed the meaning. But I think it's too late for the term nft, just call them decentralised proof of purchase or something.
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sats>bits18d ago
I thank the lord every day I wasn’t born as miserable, depressed and useless as this fucking loser. Feeling blessed
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GFY18d ago
OH YEAH YOU SOUND SUPER NICE AND HAPPY 🤣🤣🤣 CALLING OUT BULLSHIT IS USELESS TO YOU BECAUSE YOU'RE USED TO EATING GARBAGE, NOTICE HOW YOU DEBATED NOTHING I SAID BECAUSE YOU CANT
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sats>bits18d ago
Pal. I genuinely feel bad for you. You don’t even believe the things you say. Find help before you hurt yourself or others
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Time Chain18d ago
What is a Bitcoin company? Are there BitTorrent companies?
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Alex18d ago
I’m new to this, what change did Core30 make that wasn’t possible on before?
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Tacitocu 🤓⚡🌍18d ago
👀 https://www.youtube.com/watch?v=k8nGk8vLvrg
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Alex18d ago
I was hoping to hear your own understanding instead of what some influencer says
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ValderDama 🔑👽🌞17d ago
Man, you are like a bot. Maybe it would easier for you to create one 🤖
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BitcoinIsFuture17d ago
We need to expose the lies of the Coretards. Bitcoiners deserve the truth and Bitcoin Freedom Money. Not spam inscriptions via exploits or large OP_RETURNs forced from compromised Core devs.
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Jake Woodhouse17d ago
Although ROI on illiquid positions is kind of pointless Until those businesses exit, the ROI isn’t real So time will tell Interesting place to be batting though
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Curiouser17d ago
And yet you can’t answer the question: How does it serve Bitcoin’s function and quality as money, to violate the role and responsibility of Core’s job, and condescendingly force a change in Bitcoin’s protocol, to enable arbitrary data to be stored in the network? It’s not a lark you’re pissing away. Bitcoin is important to some of us.
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Cruz16d ago
wen new implementation?
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BushRat6d ago
Remember kids, every accusation is a confession. When a zionist says you are controlled by Peter Thiel for no reason, what they're doing is telling you that they actually work for Peter Thiel. Projection is their only coping mechanism
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sats>bits6d ago
So exactly what kratter has done for like 6 months now? You fell for the bait
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Rusty Russell18d ago
It adds an entire transaction! Every time it does that, it uses up farmore space than an 80-byte OP_RETURN. So your conclusion is that it's not spam if it looks like a normal transaction to you?
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JackTheMimic18d ago
If we are not conflating spam (content) with spam (quantity), yes. Data hidden via stagnography is not a future IBD issue. I am not a reactionary here, I just don't like the intentional mischaracterization of a reasonable approach. Creating more of a validation burden on future nodes is the threat, in my estimation.
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GFY18d ago
I'M TRYING TO WARN PEOPLE ABOUT SCAMS, YOU ARE SAYNG NOTHING AT ALL
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GFY18d ago
AND PROJECTING YOUR OWN ANGER ONTO ME WHILE YOU DO IT 🤣
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sats>bits18d ago
God bless. I hope you find your happiness soon
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BushRat6d ago
projection seems to be your only coping mechanism 🤔
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sats>bits6d ago
I genuinely love my life. I am beyond blessed to live the life I have. No projection or cope, just genuine thankfulness for the life Christ and my parents have given me.
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Tacitocu 🤓⚡🌍18d ago
Since Bitcoin Core v30 the "datacarriersize is increased to 100,000 by default, which effectively uncaps the limit (as the maximum transaction size limit will be hit first)" https://bitcoincore.org/en/releases/30.0/ The default value in the previous Bitcoin Core version was 83 bytes, that is enough for monetary use cases, e.g. Peg-In transactions to the Liquid sidechain require an OP-RETRUN size of 36 bytes.
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Alex17d ago
So you’re saying all they changed was a default setting? Just change it back to 83 bytes. Problem solved, no fork needed
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ODELL17d ago
changing the local policy default limit back wont have a major effect because 1) its not a protocol rule, but rather a local node one 2) these transactions started getting propagated around the network more effectively due to librerelay, not core, which is a node implementation that is basically the opposite of knots 3) bip110 is not about spam but rather ego and control
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Rusty Russell17d ago
So, OP_RETURN is fine, as is annex data which don't increase validation burden? And cutting off OP_RETURN and driving those uses to fake pubkeys, which does increase future validation costs, is a threat?
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JackTheMimic17d ago
OP_RETURN and taproot annex both expand the data burden on future nodes so I'm not really sure what you're talking about. (A pruned node can't be used for an IBD.) Fake pubkey outputs are still pubkey length and therefore not any harder on validation than a normal transaction. They are also a pro rata donation to the rest of us because they will never be spent. Also you are not " driving those uses to fake pubkeys." I'm not driving the thieves to my neighbor's house by locking my own doors. Steganography is not the issue here. If it looks like a normal transaction, the whys and wherefores are not up for debate.
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aj16d ago
If OTS ever implements sign to contract, it could just be an ordinary 1in 1out payment, which would be less than a tx with a 40 byte opreturn. https://github.com/opentimestamps/python-opentimestamps/p…
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BitcoinIsFuture17d ago
> "3) bip110 is not about spam but rather ego and control" That is a lie which is proven with real Bitcoin transactions already 📝 eb6b32a1…
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BitcoinIsFuture17d ago
From BIP 110 wiki: " New output scriptPubKeys exceeding 34 bytes are invalid, unless the first opcode is OP_RETURN, in which case up to 83 bytes are valid. OP_PUSHDATA* payloads and witness stack elements exceeding 256 bytes are invalid, except for the redeemScript push in BIP16 scriptSigs. Spending undefined witness (or Tapleaf) versions (ie, not Witness v0/BIP 141, Taproot/BIP 341, or P2A) is invalid. (Creating outputs with undefined witness versions is still valid.) Witness stacks with a Taproot annex are invalid. Taproot control blocks larger than 257 bytes (a merkle tree with 128 script leaves) are invalid. Tapscripts including OP_SUCCESS* opcodes anywhere (even unexecuted) are invalid. Tapscripts executing the OP_IF or OP_NOTIF instruction (regardless of result) are invalid. " https://github.com/bitcoin/bips/blob/master/bip-0110.medi…
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Rusty Russell17d ago
You only have to download and hash: you don't have to check extra signatures (our most expensive operation) or put them in the UTXO set (our most constrained memory resource).
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JackTheMimic17d ago
Initial block download you check: Block- Syntax, PoW, timestamp, blocksize, and Txn- Syntax, signatures, inputs, and outputs So, I am not sure what you mean by "download and hash"
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ODELL17d ago
for someone who pretends to be against spam, you sure spam nostr a lot
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BitcoinIsFuture17d ago
Truth is not spam. Truth is valuable. Lies are spam.
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Alex17d ago
Spam is spam, truth or lie
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Rusty Russell17d ago
To check the signature, you hash the transaction. So the only cost that OP_RETURN is doing is the cost to download and hash it. If it's data in the annex you don't even need fi hash it, just download it.
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JackTheMimic17d ago
I feel like we have gotten off on the wrong exit. OP_RETURN is a testing code that should have never been made standard in 2014. The sole problem of OP_RETURN and Annex are data storage burden. I admit with Moore's Law, it is likely not a storage issue. My contention is that processing, bandwidth and RAM do not adhere to Moore's. Both OP_RETURN and Annex increase the bandwidth necessary for expedient download. Especially with future low end hardware. To be clear, I find BIP 110 wanting. - My approach would be to modularize the reference code into about 5-6 manageable chunks instead of the monolithic codebase it is today. With node policy, consensus, the Bitcoin spec, and peer logic, so on as separate modules independent but adhering to the same spec. - Remove OP_RETURN standardness - Remove the witness discount - Review the BIP 341 OP_codes With that, spam would simply pay for their data usage and ACTUALLY compete on level ground with simple transactions. (Instead of at a 1/4 weight discount)
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aj16d ago
You need to hash the annex to calculate the wtxid, which goes into the witness merkle root in the coinbase, which you check when validating a block though. You also hash it as part of taproot witness signature valuation, which is different from other witness data (eg inscriptions).
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