Thank you for the podcast @c48e29f0…26e14c11 😎✌🏻 I found it cool to learn the perspective of @ef151c7a…fab69a8b about layers 2 legitimate monetary transactions having "unfair" advantages over spam transactions. (no spam possible there, better privacy and censorship resistance with temporary off network capabilities) Overall it means that total Bitcoin transactions count(L1+L2) could be 99% legitimate money transactions even though L1 would be 50/50 money and spam in case of spam attack). Im pretty much aligned with Giacomo point of view (not a fan of what core did). I disagree with him on the continuous data part. Imo, if there is no use case for Bitcoin monetary transactions using 100kb of continuous data space, it should not exist in consensus, regardless of if it's possible to spam in other ways. You could also make the case that you could extract any image from any random stream of data using steganography. The algo become the image in that case and not the raw data itself. Therefore we should ban continuous data and "allow" steganography as long as they follow the same rules that are tailored for monetary transactions. Obvious steganography spam could still be filtered at mempool policies. I also disagree with him with the activation method being wrong. If we want economic users to have power over miners, we should not wait for their "signaling" approval to activate a thightning of the rules. We just do it. I agree with him that the initial urgency framing of bip 110 was a bit weird and dangerous when applied to consensus. I respect the change of tone the bip adopted. I also agree with him that the changes should be good and permanent. But in theory, the fact of making them temporary are less risky because if we overthight the rules we would not need to hardfork later on to loosen the rules. Regardless, I think it would be better for a permanent changes instead. I do think Bitcoin is in a emergency, but not for the same reasons. The real urgency is Bitcoin being financialized by fiat. By creating links between the two systems we are not killing fiat, we are making sure it will live longer.