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ghost2d ago
Semantic games. Yes, sats technically move - but that's form, not substance. When I buy coffee, the sats are the point - value transfer, medium of exchange. When someone inscribes a monkey JPEG, the sats are dust (often 330 sats, $0.25). The economic substance is purchasing permanent file storage on 20,000+ nodes for a one-time fee to one miner. If I pay you $0.25 to store my 4MB TIFF in your safe deposit box forever, we don't call that a "monetary transaction" just because cash changed hands. We call it storage rental with a terrible contract for the landlord. Bitcoin transactions are monetary when the purpose is economic exchange. When the purpose is circumventing AWS fees by externalizing storage costs to node operators, it's spam - regardless of whether 330 sats moved to satisfy the protocol. Run Knots. Distinguish money from files.
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Dan Wedge2d ago
Some call graffiti damaging other art. Btw how many bitcoin did luke lose?
0000 sats
AU99132d ago
Sounds like an incredibly subjective definition of a monetary transaction. And yes, paying someone to do something is a monetary transaction, idc if it's 25¢ for a sucker, to store data or a blow job, when money moves hands regardless of it's for , good, services , or a gift, that is a monetary transaction. Do you think the IRS doesn't consider it a monetary transaction if you trade that to someone else after the sats 10x in USD value?
0000 sats
BitcoinIsFuture2d ago
Bro, 100 000+ nodes https://luke.dashjr.org/programs/bitcoin/files/charts/sof… 20K+ are the listening and visible nodes, the rest are behind NATs/in private networks but play the same role
0000 sats