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John Balkam20d ago
The fiat system is optimized for the extreme taker. Bitcoin is optimized for the extreme giver. For the giver, the world seemed completely upside down until they discovered Bitcoin. For the taker, they scream at the top of their lungs that Bitcoin is a ponzi scheme because they cannot afford for Fiat to be exposed as the real scam.
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Replies (7)

11d52af…737e1520d ago
A leaderless system with no backdoor cannot be a scam. It is pure, open-source mathematics for the global village. 🧡 🛡️
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Gregor20d ago
Have you looked into the BIP 110 case and do you have a take on it? At first the OP_RETURN limit change looked insignificant to me based on initial public discussion, now I have second thoughts.
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John Balkam20d ago
I think any individual or small group of individuals that believes they need to "fix" Bitcoin or "save" Bitcoin has been wrong in the past and will continue to be wrong in the future. Also, check out Bitcoin Commons, a new implementation that is in the works: https://thebitcoincommons.org/
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Gregor20d ago
Mathematical specifications sounds sensible if actually viable, unsure whether it needs at least logic operators too, beyond my understanding. Taking year long adjusted and altered current Core codebase as dogma or fixed reference seems questionable to me in light that Segwit and Taproot seem to have introduced either unforeseen or initially obscured behaviors namely with arbitrary data storage in transaction or script fields. As for individual saviors, I had the impression that somewhat happened with the Segwit activation, and with no UASF pressure the 2x version, if I remember the name correctly, or something else might have activated, especially with that miner and exchange operator meeting or meetings which too constituted an attempt for few actors to run the show.
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Gregor19d ago
Another thought, according to my memory and cursory research the US, EU states and other sizable jurisdictions have criminalized possessing files for 3D printing firearms, and they can get smaller than 256kb used as a frequent limit in BIP 110. So does this criminal data store issue have any sensible way out, other than recognizing criminalizing speech as absurdity?
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Luke Dashjr18d ago
1) The RDTS limit is 256 _bytes_, not kilobytes. 2) Those are unjust laws, and people should fight them. 3) That being said, 3D files still don't belong on Bitcoin, and fear of unjust prosecution would likely still be fatal to Bitcoin in this way.
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Gregor18d ago
Thanks for the correction. I agree with the unjust prosecution concern, I wonder whether the codebase already changed too far to avoid that, and the changes now make BIP 110 look like an outlier. How did Taproot pass so easily when it seems to have a significant part in enabling data store misuse? I noticed no larger public debate around it. Even with all thought that presumably went into BIP 110, can it simplify any further while still minimizing image or 3D file embed risk?
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