Nostr notes by

https://simpleflying.com/airships-in-development-list/

2026-09-04T19:00:54Z

In reply to nevent1q…0hw6
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https://simpleflying.com/airships-in-development-list/

Box for mining rigs to be used as heaters.

2026-08-28T18:29:26Z

In reply to nevent1q…sknn
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Box for mining rigs to be used as heaters.

Park rangers have way more legal powers than you might expect. ...

2026-08-25T23:33:01Z

In reply to nevent1q…gy43
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Park rangers have way more legal powers than you might expect. Here’s a crazy story by a seasoned hiker who couldn’t see the exact campsite in winter and was charged because he camped in the wrong spot: https://youtu.be/rCcXt6XZrdw

They shouldn’t have given them the authority to create the ...

2026-08-12T06:00:47Z

In reply to nevent1q…ytlc
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They shouldn’t have given them the authority to create the funds out of thin air in the first place? Zero magic printer dollars to allocate means they won’t be misallocated.

Other funds are from depositors and they should be held in trust and not allocated.

Then there’s funds from shareholders - misallocate those funds too much and the shareholders sell their shares and invest elsewhere.

Soooo ultimately the business is accountable to its shareholders.

If you’re asking about whether the allocation is “moral” that’s a whole other problem to solve and nothing to do with Bitcoin.

Bitcoin will continue to work for you just fine until big ...

2026-08-12T03:12:29Z

In reply to nevent1q…mv6t
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Bitcoin will continue to work for you just fine until big government regulates/coerces/tells big bitcoin’s mining department that you are persona-non-grata. Then your UTXOs will be frozen - just like already happens with millions of dollars worth of stable coins every day.

This weekend set the precedent (maybe BIP-148 set the precedent but we weren’t paying enough attention) - applying sufficient pressure to a very small number of people is enough to get the desired outcome. Intel agencies are expert at doing exactly this.

The “simpler” explanation is that every mining pool and ...

2026-08-11T23:32:05Z

In reply to nevent1q…8nqa
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The “simpler” explanation is that every mining pool and significant miner (other than half of Ocean) disliked BIP-110, and thought it was good for their business to alienate the 15% of monetary maximalist node runners when nobody else needed to change their node software for everything to go smoothly?

All to avoid a low risk minor change to consensus that closes an obvious threat vector for Bitcoin via OP_RETURN and costs them less than 0.05% revenue from spammer fees?

I think “collusion” is the simpler explanation, because they needed to act in unison to avoid risks to profits during the chain split by rejecting the soft fork.

There are collusion allegations coming out now - let’s hope we get some insight into what really transpired.

Like most groups, BIP-110 had some people there for the cult, ...

2026-08-11T23:18:58Z

In reply to nevent1q…4s67
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Like most groups, BIP-110 had some people there for the cult, some following an influencer, and others who gave it a lot of thought.

It seems unwise to ignore the possibility that what we just saw was miner collusion rather than free-market game theory playing out.

From my perspective, BIP-110 was low risk and did very little to disrupt spam beyond closing the OP_RETURN vector that Core v30+ makes much easier to access anonymously. It made more economic sense for miners to support it and avoid alienating the 15% of monetary maximalist node runners. Nobody else needed to do anything, and probably 65% didn’t care about the outcome (the 60% of node runners who didn’t upgrade to Core v30, plus the 5% running Knots without BIP-110).

Without collusion, no single mining pool could have certainty they were not wasting money mining during the chain split.

We’re starting to see allegations of collusion now - let’s hope we get to the bottom of it because miner centralization seems to be a serious problem.

It’s all theatre at this point. Degens are going to degen.

2026-08-11T22:39:20Z

In reply to nevent1q…6dyx
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It’s all theatre at this point. Degens are going to degen.

I wish you luck, and I hope I’m wrong about your likelihood of ...

2026-08-11T14:20:01Z

In reply to nevent1q…5n5g
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I wish you luck, and I hope I’m wrong about your likelihood of success.

I don’t think this fork will end well.

After the BIP-110 failure (predominantly due to miner centralization IMO), I switched from BIP-110 to an old version of Knots. My focus is now on what we can do as a community to fix miner centralization on the main chain.

I guess you’ve reached the conclusion that firing the miners is the right solution, but you will likely only have a small subset of the BIP-110 supporters (who were only about 15% of Bitcoiners) following you. That might be as small as 1% or 2% of Bitcoiners, and that’s probably not going to have enough critical mass to compete.

When Bitcoin started, it had no juggernaut to compete with in the space. So it would be naive to see this fork as starting over in a purer way. It will need to compete with the main chain of BTC that all the suitcoiners, influencers, centralized exchanges, VCs, miners and normies support. It will also need to compete with cryptos like Monero and Ethereum.

I don’t think Bitcoiners generally believe that money is the ...

2026-08-11T14:02:38Z

In reply to nevent1q…a42s
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I don’t think Bitcoiners generally believe that money is the “sole” problem in the world - just that it’s a root cause for many of the problems. The phrase “fix the money, fix the world” is an oversimplification, but it’s a catchy phrase that Bitcoiner podcasters like to use.

The Cantillon effect does explain why Bankers and CEOs get more ...

2026-08-11T13:45:44Z

In reply to nevent1q…8w53
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The Cantillon effect does explain why Bankers and CEOs get more money than workers. The newly minted money flows from central banks to private banks to companies (and their CEOs), to wealthy stock owners, then entrepreneurs (self employed - so can adjust prices quickly), then middle class (doctors/lawyers/managers etc.), and lastly to workers employed by companies. Might not explain everything, but does explain a lot:

https://river.com/learn/terms/c/cantillon-effect/

I hope you’re right, but there are Bitcoiners who think “tail ...

2026-08-10T22:38:20Z

In reply to nevent1q…wzj3
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I hope you’re right, but there are Bitcoiners who think “tail emissions” to reward miners are not inflationary.

https://petertodd.org/2022/surprisingly-tail-emission-is-not-inflationary

What Bitcoin needs is for NPCs to wake up and do some thinking. ...

2026-08-10T04:48:21Z

In reply to nevent1q…j0rv
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What Bitcoin needs is for NPCs to wake up and do some thinking. Far too many NPCs for Bitcoin to succeed. We need to change this.

I haven’t met a BIP-110 person who didn’t do the work to think about long-term outcomes for Bitcoin. Doesn’t mean they were right - but they did the work.

What disappoints me is the NPCs who did zero work to understand what was at stake and treated the BIP-110 issue as a sport where they could pick a team without doing any work or thinking.

First they came for the socialists, and I did not speak out—
Because I was not a socialist.

Then they came for the trade unionists, and I did not speak out—
Because I was not a trade unionist.

Then they came for the Jews, and I did not speak out—
Because I was not a Jew.

Then they came for me—and there was no one left to speak for me.

Did you learn anything from this incident? Perhaps it’s a bad ...

2026-08-10T04:28:47Z

In reply to nevent1q…n5pu
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Did you learn anything from this incident?

Perhaps it’s a bad thing that three people control over 50% of hash rate?

Yesterday they voted in the direction you agree with, but next time when they vote against you it’s too late to decide that it’s time to do something about the centralization problem.

The personal attacks were too much IMO. The key question of what ...

2026-08-09T17:42:28Z

In reply to nevent1q…cf83
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The personal attacks were too much IMO.

The key question of what failed in Core governance to allow someone straight out of college who thinks it’s ok to spam the chain become a maintainer is still valid.

Also - why has Core still not retracted Antoine’s contentious change that caused all this divisiveness in the first place? It didn’t change how Citrea stores data. It does nothing meaningful to decentralize mining. People are now using Slipstream to avoid RBF attacks in addition to spamming, so good luck with estimating fees better. It’s achieved none of its STATED goals.

“We have real adversaries, financial censorship, regulatory ...

2026-08-09T17:30:46Z

In reply to nevent1q…8534
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“We have real adversaries, financial censorship, regulatory overreach, CBDCs, and an army of rent seekers who want Bitcoin locked down.“

Isn’t that exactly the same group of influential people who just ensured BIP-110 failed?

My takeaway from the BIP-110 failure is that it proved how centralized things have become. A handful of Core funders/developers, a handful of bought and paid for influencers and a handful of large miners control things. That’s not good for the long term. We need to decentralize things much more than they are now.

The BIP-110 failure shows that influencing the leaders of 3 ...

2026-08-09T16:44:06Z

In reply to nevent1q…rsqj
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The BIP-110 failure shows that influencing the leaders of 3 mining organizations controlling more than half the hash rate plus roughly 3 people controlling funding to Core (6 people) is sufficient to block or accept a change to Bitcoin and that most Bitcoiners are NPCs who can’t retaliate. 6 people is not going to be enough for every change because something highly contentious like changing the 21M cap would probably get more of a response than BIP-110 was (but to be clear, miners will be in favor of paying them more by lifting the 21M number).

Fabianism is all about slow incremental change to get what you want, so that approach can slowly destroy Bitcoin.

Let’s hope we once again become truly decentralized to protect against a slow patient attack because at the moment we’re far too centralized.

Core v30 was a contentious change to node filters. In response about 20% of nodes embraced that, 20% chose Knots instead and 60% sat on the fence running old versions of Core. There are at most maybe 100k Bitcoiners who care enough to run a node (probably far less due to large companies that run multiple nodes). Thats why I claim most Bitcoiners are NPCs.

You could dust some wallets with that in OP_RETURN.

2026-08-05T21:45:23Z

In reply to nevent1q…e9a3
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You could dust some wallets with that in OP_RETURN.

https://bluewallet.io/docs/manual-entropy/

2026-08-05T21:31:53Z

In reply to nevent1q…y5x5
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https://bluewallet.io/docs/manual-entropy/

If there was a cost-effective immersion system that eliminated ...

2026-08-05T03:52:07Z

In reply to nevent1q…2mry
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If there was a cost-effective immersion system that eliminated the noise, I’d get back into home mining. I know I could build one, but that’s such a PITA and the dielectric fluids are expensive!

It’s a very small change (about 70 lines of code). That’s ...

2026-08-05T03:17:17Z

In reply to nevent1q…x2u6
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It’s a very small change (about 70 lines of code). That’s tiny compared to a typical update of Core, or a UASF like SegWit.

Don’t forget the suitcoiners who show no proof of reserves. We ...

2026-08-05T02:53:38Z

In reply to nevent1q…4uu2
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Don’t forget the suitcoiners who show no proof of reserves. We need to drain them of all our deposits until they start proving they’ve really got our deposits in cold storage and not rehypothecated.

Didn’t need AI to find this bug. A normal routine code review ...

2026-08-04T18:54:15Z

In reply to nevent1q…dkaf
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Didn’t need AI to find this bug.

A normal routine code review by another developer before shipping the code should have found this. They used a #defined constant incorrectly - that’s a rookie mistake.

There’s an article online that speculates the Coinkite dev just tried things until they got it to compile and run (without understanding the impact of what they were changing) - hence the commit message “runs.”

James O’Beirne claims he warned them in May 2025 about using the poorly supported ngu library instead of directly calling the crypto library they wanted and they ignored him.

I don’t diversify into shitcoins because they are almost all ...

2026-08-04T03:39:51Z

In reply to nevent1q…jltq
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I don’t diversify into shitcoins because they are almost all scams that are on their way to zero. I diversify beyond BTC with Gold, Land, Stocks and USD.

People who bought Coldcards 5 years ago reported receiving ...

2026-08-04T01:00:54Z

In reply to nevent1q…rcv2
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People who bought Coldcards 5 years ago reported receiving emails. There’s some claim by NVK that under Canadian law they needed to retain customer records for 7 years - despite telling people they were deleting contact details after something like 90 days. It seems like they deleted physical addresses but not emails.

That’s just plain wrong, and that advice could cost people ...

2026-08-02T22:09:09Z

In reply to nevent1q…nlhg
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That’s just plain wrong, and that advice could cost people money.

Coldcard and others use FOSS crypto code from Trezor - that Trezor code has been thoroughly reviewed.

Also, Ledger has a security lab that’s always trying to hack Trezor devices - so Trezor is very well reviewed.

Coinkite has a handful of employees - that’s not enough people to have any sort of credible in-house security review, so vulnerabilities will be discovered after the hack - just like this one was. Coinkite also alienated security researchers so they don’t bother looking at Coldcard anymore.

This vulnerability in Coldcard was an unacceptable rookie mistake with a #define statement that should have been caught by in-house code review before shipping the code - they have lost all credibility.

Read the after-the-hack security analysis from Block:

https://engineering.block.xyz/blog/predictable-rng-fallback-and-32-bit-reseed-in-coldcard-firmware

If I could start over, I would buy a hardware wallet from a ...

2026-08-02T21:42:53Z

In reply to nevent1q…rsan
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If I could start over, I would buy a hardware wallet from a reputable distributor like Best Buy with cash so it’s not linked to me and only buy non-KYC bitcoin.

The Ledger wallet manufacturer was hacked and Coinbase had an employee sell data about people who bought Bitcoin.

As a result, I now regularly receive threats in the regular mail and also via email from organized criminals who know I have a Bitcoin hardware wallet, know my name and address, and probably know how much Bitcoin I own because of Coinbase.

Despite this absolutely unacceptable horrific avoidable disaster ...

2026-08-02T21:24:52Z

In reply to nevent1q…4yam
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Despite this absolutely unacceptable horrific avoidable disaster with Coldcard, I think Ten31 has tried to invest ethically and funded some great companies like River, Strike, Unchained and Start9.

I’m more concerned about the VC spammers/scammers like David Bailey and Jamison Lopp who only care about making money and not the ethos of Bitcoin.

That’s absolutely horrific. Hang in there. It’s possible ...

2026-08-02T21:01:55Z

In reply to nevent1q…rxg0
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That’s absolutely horrific. Hang in there.

It’s possible Coldcard might be forced to pay damages that covers a small amount of the losses, or that the person doing the attack will be found. It sounds like they used a paid blockchain service as part of their wallet scanning.

Diversify across multiple vendors you trust for a multi-sig setup ...

2026-08-02T20:45:33Z

In reply to nevent1q…jqpm
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Diversify across multiple vendors you trust for a multi-sig setup - If you’re comfortable with multi-sig and have tested your backup and recovery to ensure you backed-up the XPUB and not just the BIP-39 seed phrases.

Or diversify across multiple trusted vendors with single-sig so you don’t lose 100% if one wallet gets hacked.

For a KYC stack, you can also put some with a couple of custodians you trust (like River & Strike). Or use a service like Unchained or Casa to handle multi-sig if you worry about your family being able to do multi-sig recovery.

I think the “best” approach will be slightly different for everyone depending on their circumstances, so do your own research.

If I had funds at risk, I would move KYC funds to a custodian ...

2026-08-02T20:26:40Z

In reply to nevent1q…2l24
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If I had funds at risk, I would move KYC funds to a custodian like River or Strike (Coinbase if that’s the only option) until I could get a new hardware wallet I trust, and move back to self-custody.

I like Trezor because they have been building hardware wallets longer than anyone and Ledger security labs is constantly trying to find vulnerabilities in Trezor. I would struggle to name another vendor I trust at the moment. Definitely not Ledger because they have a recovery service that extracts the seed from your device - proving the seed could be extracted via a hack).

For non-KYC, if it was me, I’d temporarily move it to a sparrow wallet on a laptop or a hot wallet like Phoenix on a phone then keep the laptop/phone powered off and stored securely until I had the new hardware wallet to move to.

If you’re moving large amounts of funds - please do it carefully and send small test transactions first so you don’t make any mistakes, ensure you have adequate backups and test your recovery process before moving funds to ensure you backed everything up correctly. If you’re moving to multisig make sure you backup everything needed to recover (e.g. in addition to BIP-39 seed phrase you will need wallet descriptor/XPUB backed up - I’m not an expert on multisig, so do your own research).

Make that 256 pennies and you won’t regret it if 128 bits of ...

2026-08-02T14:33:44Z

In reply to nevent1q…the8
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Make that 256 pennies and you won’t regret it if 128 bits of entropy gets cracked a decade or two from now.

Here’s the marketing speak Blockstream use to make you feel ...

2026-08-02T13:30:24Z

In reply to nevent1q…e4c5
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Here’s the marketing speak Blockstream use to make you feel comfortable about how Jade is cheaper for them to produce because it doesn’t have dedicated secure element hardware onboard. Even iPhones have secure elements onboard. Jade does not. And by default it only works if Blocks “blind oracle” service is online and allows you to transact. You can work around needing the blind oracle by entering your BIP-39 recovery words, but honestly who needs that kind of hassle? Just buy a wallet that isn’t trying to turn you into the product. Also stay away from Ledger because they offer “Ledger Recover” which means their hardware can extract the seed and send it to a remote service.

“Why does Jade use a blind oracle and not a secure element?

We developed our unique security model using blind oracles as a way to avoid needing a secure element for wallet protection, which allows Jade to be truly open-source, more accessible and easy to DIY build yourself. Secure elements are typically covered by NDAs, are more expensive, and drastically increase the complexity of building a DIY device.”

And all their security info on their website seems sensible.

2026-08-02T12:24:30Z

In reply to nevent1q…2an9
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And all their security info on their website seems sensible.

Thanks for the recommendation. I’m going to open an account ...

2026-08-02T12:23:56Z

In reply to nevent1q…rypx
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Thanks for the recommendation. I’m going to open an account with River. I’ve heard good things about them from other people too.

I know! 1000+ BTC entropy hack from a rookie coding mistake using ...

2026-08-02T03:02:51Z

In reply to nevent1q…mgmp
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I know!

1000+ BTC entropy hack from a rookie coding mistake using #define incorrectly was not on my bingo card for this bear market.

I bet their $15M budget still gets focused on quantum FUD though.

https://engineering.block.xyz/blog/predictable-rng-fallback-and-32-bit-reseed-in-coldcard-firmware

He was smug and arrogant, but I suspect he was making plenty of ...

2026-07-31T22:46:47Z

In reply to nevent1q…yp2d
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He was smug and arrogant, but I suspect he was making plenty of money from the company and wouldn’t destroy the company to rug only the people running an old version of his hardware. If it was deliberate, I’d expect he would have rugged everyone.

Hanlon's razor is an adage or rule of thumb that states, "Never attribute to malice that which is adequately explained by stupidity." - or in this case, hubris and arrogance.

Some stores like Best Buy sell Trezors and you can pay with cash ...

2026-07-31T08:53:15Z

In reply to nevent1q…70pl
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Some stores like Best Buy sell Trezors and you can pay with cash to not dox yourself.

Mechanic said he knows someone who had an MK4 drained today. I ...

2026-07-31T08:47:40Z

In reply to nevent1q…wtcn
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Mechanic said he knows someone who had an MK4 drained today.

I would assume it’s possible they might have moved a seed that was generated on MK3 to MK4, but it’s also possible that MK4’s low entropy is within reach of the amount of compute that’s being thrown at this attack.

Safest bet is to carefully move funds from any Coldcard to a new known high entropy wallet (and Coldcards new firmware claims to fix the entropy bug on MK4/5/Q, so it might be possible to reuse some devices if you still want to trust Coinkite).

No profile pic and no wallet for zaps. I prefer stronger privacy.

2026-07-31T05:21:05Z

In reply to nevent1q…sa5z
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No profile pic and no wallet for zaps. I prefer stronger privacy.

And for anyone following this thread - that’s usually where any ...

2026-07-31T05:14:48Z

In reply to nevent1q…ppd7
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And for anyone following this thread - that’s usually where any civil discussion of BIP-110 ends because “It is difficult to get a man to understand something when his salary depends upon his not understanding it.”.

Ben was on a panel at anti-BIP-110 David Bailey’s Bitcoin conference in 2025 and probably would like another opportunity in the future. He also gets frequent advertising of his business on anti-BIP-110 outlets like Odell’s RHR and Walker America. So “thinking for himself” is likely driven by financial incentives and maintaining relationships with influencers rather than technical aspects of the BIP.

This is why we need lots of unfunded hard line Bitcoin node runners who are willing to do what it takes to keep Bitcoin focused on being money. Not influencers (and their friends) who are captured by the financial incentives of their “big Bitcoin” sponsors.

Yeah - it’s very interesting to watch this closely. I wasn’t ...

2026-07-31T03:10:12Z

In reply to nevent1q…e3z0
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Yeah - it’s very interesting to watch this closely.

I wasn’t running a node or really paying attention during the block size wars.

At the time it sounded reasonable to me to increase the block size for scalability reasons (the idea of an L2 payment layer like Lightning sounded too complex compared to increasing block size) - but it didn’t seem reasonable to keep algorithmically increasing block size, so I was not really a fan of either option.

Perhaps the people sitting this one out are similar to how I was back then - not thrilled about any of the available options?

I rarely watch Bitcoin content on YouTube, but I watched a few ...

2026-07-30T21:14:08Z

In reply to nevent1q…435s
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I rarely watch Bitcoin content on YouTube, but I watched a few midwit youtubers gaslighting BIP-110 last night - to try to understand their perspective.

It was so disappointing to watch, but the comment section really inspired me because 95% of comments were from BIP-110 supporters who I’ve never seen on NOSTR. There’s a real movement behind BIP-110 and almost no opposition by real Bitcoiners.

All the captured podcasters are shrieking into the void at this point. I think us average pleb Bitcoin node runners have a solid chance to get Bitcoin back on track as money because if the monetary maximalist Bitcoiners leave Bitcoin, then whats left behind is a far less valuable chain. Any miner that takes a minute to think about that should take the 0.01% revenue hit from lost spam fees to avoid the uncertainty of disrespecting the monetary maximalist Bitcoiners who are the backbone of Bitcoin.

I’m gonna run whatever node Fauci tells me to run if he stops ...

2026-07-29T20:49:29Z

In reply to nevent1q…dzd3
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I’m gonna run whatever node Fauci tells me to run if he stops pleading the fifth long enough to let us know where the science stands on this topic.

I’m tired too. Hang in there for another couple of weeks! So ...

2026-07-29T20:23:53Z

In reply to nevent1q…76f4
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I’m tired too. Hang in there for another couple of weeks!

So many refuse to take 10 minutes to read BIP-110 and see there’s nothing scary there for Bitcoin as money. They will, however, spend hours parroting misinformation and making jokes about the people supporting BIP-110.

Another fun fact is that the Lightning Network is BIP-110 ...

2026-07-29T17:38:55Z

In reply to nevent1q…m336
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Another fun fact is that the Lightning Network is BIP-110 compatible.

Opening and closing a Lightning channel typically uses < 600 bytes, and a basic on-chain peer-to-peer payment transaction is typically < 300 bytes so why would anyone need 100,000 bytes for financial transactions?

Even after Core v30 uncapped OP_RETURN, Citrea didn’t change to ...

2026-07-29T17:01:01Z

In reply to nevent1q…qutl
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Even after Core v30 uncapped OP_RETURN, Citrea didn’t change to put all their data there. So, for zero benefit, Core v30 made it easier to spam anonymously because v30+ by default now relays large OP_RETURNs of up to 100k. The arrogance to make that mistake and refuse to roll it back is astounding.

Glad you have read the BIP. What part of it did you disagree ...

2026-07-29T04:29:13Z

In reply to nevent1q…2tvy
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Glad you have read the BIP. What part of it did you disagree with?

Do what you need to do.

2026-07-28T04:57:29Z

In reply to nevent1q…w76x
_________________________

Do what you need to do.

For sure

2026-07-27T23:35:32Z

In reply to nevent1q…9cde
_________________________

For sure

Another amazing Vlog Dave. You’re the new HODL of NOSTR in my ...

2026-07-27T23:26:45Z

In reply to nevent1q…dawf
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Another amazing Vlog Dave. You’re the new HODL of NOSTR in my opinion. Complex topic - not sure that I have anything to add. I think you’re right that it’s a fine line between a ritual and an addiction.

Here are the brands he recommends: https://www.willapproved.com/

2026-07-27T05:32:04Z

In reply to nevent1q…qgh9
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Here are the brands he recommends: https://www.willapproved.com/

Will Prowse hates them: https://youtu.be/1xlvM2fpFGM

2026-07-27T05:19:39Z

In reply to nevent1q…s2pc
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Will Prowse hates them: https://youtu.be/1xlvM2fpFGM

Yeah - the idea that Bitcoin needs STRC to be money is nuts and ...

2026-07-27T05:06:24Z

In reply to nevent1q…enns
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Yeah - the idea that Bitcoin needs STRC to be money is nuts and shows you how Saylor has taken things too far with his financial engineering. Bitcoin already is money - people buy your wine with sats.

Yep - well said. It’s just a small cautious step in the right ...

2026-07-27T04:41:39Z

In reply to nevent1q…9wrj
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Yep - well said. It’s just a small cautious step in the right direction.

Do what your bride wants, and try to contain the costs. We ...

2026-07-27T04:25:07Z

In reply to nevent1q…lpqp
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Do what your bride wants, and try to contain the costs.

We considered eloping and paying for a small group of family/friends to join us. Ended up doing the traditional (more expensive) wedding. Both of us definitely wish we had spent less money, and there’s a little bit of regret that we didn’t elope with just those closest to us for a more intimate option and spending less money.

Ben - you should stop listening to the influencers who need to go ...

2026-07-27T04:12:39Z

In reply to nevent1q…ffaj
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Ben - you should stop listening to the influencers who need to go to the Bitcoin conference every year to grow their number of followers. It’s run by David Bailey who invested in a LOT of spamming companies. That means influencers need to sit this one out or attack BIP-110. If they support BIP-110 they might not get on stage in Nashville next year.

Arbitrary data is harmful for node operators. It doesn’t matter if it is because they worry about legal, ethical, moral, or resource concerns - that’s their personal decision. As node operators decide not to run nodes anymore, nodes gradually get centralized like mining pools and miners already have and Bitcoin will be easier to capture.

When you send an on-chain payment transaction that typically uses less than 300 bytes (you can verify this by opening your Bitcoin wallet and clicking the link to see one of your transactions in the mempool). Even opening or closing a lightning channel that uses multisig and time locks is typically less than 600 bytes.

On chain payments and lightning channels account for almost all financial use cases in Bitcoin.

So… that begs the obvious question of who needs 100,000 bytes of OP_RETURN data for a monetary use case?

Enshrining the 83 bytes OP_RETURN limits from before Core v30 in consensus rules so even if node filters get bypassed by miners, those transactions are still invalid is the main thing BIP-110 achieves. It also causes minor disruption to ordinals and limits how much data can be embedded in some scripts.

Perhaps most importantly, it signals to VCs that spam is not welcome so they should reconsider before investing in spammers.

Take 10 minutes to read the BIP. There’s going to be nothing there that you disagree with. That will get you to start questioning what your heros have told you about the BIP.

https://bip110.org/

Would you trust a battery supplier who multiplied 51.2v x 100Ah ...

2026-07-27T02:01:03Z

In reply to nevent1q…5zjs
_________________________

Would you trust a battery supplier who multiplied 51.2v x 100Ah and got 2560wh as the answer?

I watched the first couple of seasons, then stopped. Is season 3 ...

2026-07-27T01:39:47Z

In reply to nevent1q…7sle
_________________________

I watched the first couple of seasons, then stopped. Is season 3 any good?

Not gonna dox the location but just to the left (not in your ...

2026-07-27T01:33:31Z

In reply to nevent1q…gszq
_________________________

Not gonna dox the location but just to the left (not in your image) there is a small building with a tiny museum inside.

Just saw your banner image and recognized where it is. Beautiful ...

2026-07-27T01:27:10Z

In reply to nevent1q…hrs4
_________________________

Just saw your banner image and recognized where it is. Beautiful spot! There can’t be many folks on NOSTR who have been there.

I’m pro BIP-110, but to be fair, Core v30 changed node filters ...

2026-07-26T23:57:26Z

In reply to nevent1q…6ucv
_________________________

I’m pro BIP-110, but to be fair, Core v30 changed node filters not consensus rules. It was already possible to store that arbitrary data in transactions via Slipstream and Libre Relay that bypass the nodes - Core v30 just made it easier by getting Core nodes to relay spam to miners by default.

The upside of Core v30 is it woke a lot of us up and we’re now pushing to tighten consensus rules via BIP-110 so some spam attacks will be more difficult.

True - limiting how a UTXO can be spent feels a little too ...

2026-07-26T23:19:43Z

In reply to nevent1q…8yaf
_________________________

True - limiting how a UTXO can be spent feels a little too CDBC-like for me.

I still don’t understand the game theory and why you’re so ...

2026-07-26T20:29:45Z

In reply to nevent1q…rmap
_________________________

I still don’t understand the game theory and why you’re so confident the UASF approach works.

Is there a good summary of the rationale somewhere that I can read? I’ve heard mechanic explain it a few times, but I still don’t quite get it.

There’s a saying in trading that “the market can remain irrational longer than you can remain solvent”. Why can’t miners, exchanges, and economically dominant nodes like those run by wallet providers also be irrational and not take the path of least resistance with the soft fork for BIP-110? Surely after several hours, the game theory is over and nobody’s going to disrupt them by signaling BIP-110 and have enough hash rate to re-org the chain and take back block rewards they thought they already earned (but were waiting 100 blocks to spend).

The use case seems clear “enforce how a UTXO can be spent”. I ...

2026-07-26T20:02:50Z

In reply to nevent1q…jhmf
_________________________

The use case seems clear “enforce how a UTXO can be spent”.

I can see how that’s appealing to vaults, inheritance planning, etc… and how it can enhance security in the sense that if someone steals your private keys they can still only spend the UTXO in a predefined way. It just doesn’t seem very important to me.

Good point though - after running a few AI queries, I think a lot ...

2026-07-26T05:41:46Z

In reply to nevent1q…hyaj
_________________________

Good point though - after running a few AI queries, I think a lot of this table is total garbage.

Depends on your prompts to AI. Here’s my AIs answer about the ...

2026-07-26T05:37:37Z

In reply to nevent1q…hyaj
_________________________

Depends on your prompts to AI. Here’s my AIs answer about the “virgin birth” stories.

In comparative religion, “virgin birth” often gets used loosely to mean a birth that is miraculous, divinely caused, and not the result of ordinary human sexuality. Under that wider definition, Horus, Krishna, and the Buddha can all be placed in the same category because each is born through supernatural intervention and is marked out as extraordinary from the start.

Horus
The pro-virgin-birth argument for Horus usually says that Isis conceives Horus through divine means after Osiris’ death, so the birth is not a normal human conception. In this reading, the point is not biological virginity in a strict sense, but that Horus is generated by sacred power rather than ordinary sex. That is why popular comparative myth arguments often label the story a virgin-birth myth.

Krishna
For Krishna, the argument is that Devaki’s pregnancy is so overwhelmed by divine action, prophecy, and miraculous circumstance that it functions like a virgin-birth narrative even if the tradition does not always use that exact term. Krishna is not portrayed as an ordinary child; his coming is cosmic, protected, and preordained. So the story can be framed as a miraculous conception story that serves the same mythic role as a virgin birth.

Buddha
The Buddha’s birth is the easiest to describe in this broader way, because the tradition presents his arrival as supernatural and set apart from ordinary human reproduction. Queen Maya’s dream, the extraordinary signs, and the sacred nature of the event all support the claim that this is a virgin-birth style narrative in symbolic terms. The emphasis is on a holy, transcendent origin, not on a mundane family birth.

And let’s not forget all the paper bitcoin that enables price ...

2026-07-26T04:40:54Z

In reply to nevent1q…gm6w
_________________________

And let’s not forget all the paper bitcoin that enables price manipulation by large players in the market. It’s the exchanges, ETFs and Treasury companies creating the paper bitcoin and offering leverage and loans against Bitcoin. Savvy traders use that paper bitcoin to whipsaw prices and force people out of leveraged trades and bitcoin loans.

What we are seeing is a multi-faceted attempt to control Bitcoin ...

2026-07-26T04:32:01Z

In reply to nevent1q…uupp
_________________________

What we are seeing is a multi-faceted attempt to control Bitcoin by large corporations and shitcoiners.

David Bailey invests in many spammers and controls the Bitcoin media - podcasters can’t criticize spam if they want to be invited back to the Bitcoin conference where they will increase their audience and progress their career.

A handful of people fund most core development, and they seem to be funding mainly young developers who have little to no skin in the game because they’re too young to own much Bitcoin. They also want to build non-monetary users cases on top of Bitcoin. There’s even a “bitcoin development philosophy” book from Chaincode labs that’s required reading for grant recipients to ensure developers think about Bitcoin the way their funders do.

The shitcoiners/suitcoiners/stablecoiners are the ones with influence over politicians and will shape the regulatory landscape in their favor.

Mining is already highly centralized with the top 3 mining pools having over 50% of the hash rate.

Node software is too centralized with Core owning about 80% of the market. For now the number of nodes is still large and decentralized, but that’s going to change as smaller node runners leave due to ethical/legal/cost issues related to running a node.

So if this trend continues, then a closed door agreement between a few people will be sufficient to drive Bitcoins direction. If the vocal minority of monetary maximalist BIP-110 node runners that are almost 20% of the network (albeit probably not the most economically significant nodes) can’t have an impact, then Bitcoin is doomed.

I’ve definitely heard that claim from the Core side. But it’s ...

2026-07-26T03:58:38Z

In reply to nevent1q…ssja
_________________________

I’ve definitely heard that claim from the Core side. But it’s really a pro-centralization argument in disguise. The idea that the highly centralized and regulated large miners and exchanges get to call the shots undermines the whole value proposition of it being decentralized and difficult to capture.

I think it was a couple of days for me. I thought your cellular ...

2026-07-26T03:43:44Z

In reply to nevent1q…07rj
_________________________

I think it was a couple of days for me. I thought your cellular internet would take much longer. Perhaps my limitation was CPU speed rather than network speed and your Start 9 server has a lot more CPU speed than my Raspberry Pi.

I don’t really care what people choose to eat. I have friends ...

2026-07-26T03:38:10Z

In reply to nevent1q…vz9s
_________________________

I don’t really care what people choose to eat. I have friends who are vegan and other friends who are hunters.

I’ve met so many carnivore Bitcoiners that I now just assume someone’s carnivore if they’re a bitcoiner.

If anything, Bitcoiners should be pescatarian or vegan because we claim to trust but verify, and do proof of work, and all the most credible data suggests that pescatarian is probably the healthiest diet and vegan is the second healthiest and most ethical (as long as you supplement for b12 that’s lacking in a vegan diet).

It’s also a lot easier to be sovereign if your food is vegetables you grow for yourself from heirloom seeds you collect from your own crops each year instead of food that needs a whole supply chain to support it.

💯 agree with you. I practice yoga almost every day and it’s ...

2026-07-25T21:57:58Z

In reply to nevent1q…m3sh
_________________________

💯 agree with you. I practice yoga almost every day and it’s great for the mind and body. Hatha, Yin, Vinyasa Flow, hot yoga - they’re all amazing in different ways.

Your approach to life is probably expanding a lot of Bitcoiners perspectives. A hard core Bitcoiner who mines with solar in the desert, runs BIP-110, did ayahuasca and then instantly quit the rat-race to wander the desert, while occasionally doing a bit of electrical work in the fiat mines, and loves yoga is wild.

If your next video is about how you went from Carnivore to Vegan, there will be some minds blown. 😂

Every pool and every miner has their own block templates, so ...

2026-07-25T04:36:41Z

In reply to nevent1q…7nyr
_________________________

Every pool and every miner has their own block templates, so it’s a fools errand to increase prediction accuracy for what will be mined in a block beyond a basic level. That means fee prediction accuracy has its limits, and that’s ok.

Welcoming spam to get a minor improvement in fee prediction was always a bad trade off and, after reading Hodlonaut’s articles on Core being compromised, I now suspect that may not even be the real reason why Core pushed through that controversial change.

The specific answer to your question is “through centralization”.

Derek, I hope you saw right through that propaganda from Core. It ...

2026-07-25T04:24:08Z

In reply to nevent1q…km2u
_________________________

Derek, I hope you saw right through that propaganda from Core. It can be summarized as “In this family, we believe that all data is created equal”, which is obviously incorrect.

A basic on chain financial transaction only needs a couple of hundred bytes of data (look at any of your own transactions on mempool.space to confirm this), and transaction size is mainly driven by how many UTXO inputs and outputs there are. Even opening and closing a lightning channel which is more sophisticated and uses multisig and time locks only needs about 500 bytes.

There are currently no credible financial use cases that require the massive transactions that consensus rules allow.

https://mempool.space/tx/7bace5fdeb3ee4b3c27aa39865d32f9c0a8dd8c1b6888543025e998ff4604d2f?mode=details&showDetails=true

Core made the wrong choice and was too stubborn (or too ...

2026-07-25T04:08:24Z

In reply to nevent1q…c58l
_________________________

Core made the wrong choice and was too stubborn (or too compromised) to admit the mistake and roll it back.

They decided that because Libre Relay and Slipstream allowed spammers to bypass node filtering policy, that they would loosen policy by default so the average node was a better reflection of what would actually get mined. They also hoped that Citrea would put all their data in pruneable OP_RETURN instead of obfuscating and embedding it like spammers do.

Instead, they should have pushed for tighter consensus rules that would make Libre Relay and Slipstream irrelevant because those spam transactions would be invalid. This is the path BIP-110 is taking us down.

Also, Citrea did not change their implementation and continued with their approach to embedding their data like spammers, so Core was wrong about that too.

There’s a difference between obscene graffiti in a library vs. ...

2026-07-25T03:45:38Z

In reply to nevent1q…nrfq
_________________________

There’s a difference between obscene graffiti in a library vs. a section in the library where the obscene material is accepted and allowed.

That’s the difference between spammers misusing the blockchain to hack data in and Core v30 normalizing that via unconstrained OP_RETURN in node filters so it’s no longer considered misuse. Prior to v30, spammers needed to bypass nodes via Slipstream or Libre Relay because those transactions were not relayed by 99.99% of nodes.

1) yes - even before v30 opened the floodgates. BSV was a case ...

2026-07-25T03:38:54Z

In reply to nevent1q…fvu2
_________________________

1) yes - even before v30 opened the floodgates. BSV was a case study because they were flooded with it as soon as they defaulted to 100k OP_RETURNS.
2) miners are short term profit driven, not long term success of Bitcoin driven, so we can’t allow them to decide what is “valid”. Node runners need to cautiously tweak the protocol periodically to ensure “valid” is aligned with the long-term purpose of Bitcoin.
3) Core v30 gives them the deniability that they are just mining whatever the network deemed valid. Compare this to Slipstream where Marathon is directly accountable for that pipeline of transactions because nodes previously would not relay them.

Define “legitimate” transaction? Some of these were not ...

2026-07-25T03:30:28Z

In reply to nevent1q…zltv
_________________________

Define “legitimate” transaction? Some of these were not “legitimate” before Taproot activated in Nov 2021 and then unleashed a wave of ordinals spam on the blockchain.

We already have precedents for the protocol changing - that’s how SegWit and Taproot activated.

BIP-110 is not about “censorship” - it’s a very low risk minimal step towards refocusing Bitcoin on its core mission as peer-to-peer electronic cash. That’s why it doesn’t magically end all spam. It’s consciously a small, simple low risk change.

Don’t fall for the hype about slippery slopes and Lukes personal preferences for what is moral. Take 10 minutes to read the actual BIP-110 and you will probably agree with everything it does. Later on if you don’t like future BIPs from Luke if he tries to censor gambling transactions or whatever he personally dislikes, don’t run those BIPs if you don’t agree with them.

https://bip110.org/

I think you misunderstand how mining works. Miners already censor ...

2026-07-25T03:15:04Z

In reply to nevent1q…zltv
_________________________

I think you misunderstand how mining works. Miners already censor transactions based on how they build their blocks from templates that only consider transactions that the miners nodes are configured to keep in their local mempool. E.g. excluding OFAC lists of addresses.

BIP-110 doesn’t change that. All it does is prevent miners from including some types of transactions that are clearly spam, by node runners choosing to tighten the consensus rules.

https://ir.mara.com/news-events/press-releases/detail/1239/marathon-digital-holdings-becomes-the-first-north-american-enterprise-miner-to-produce-fully-aml-and-ofac-compliant-bitcoin

Another great vlog. Thanks!

2026-07-25T02:47:38Z

In reply to nevent1q…9ahh
_________________________

Another great vlog. Thanks!

How did you do the initial block download on your Start 9 server ...

2026-07-25T02:32:52Z

In reply to nevent1q…8ldd
_________________________

How did you do the initial block download on your Start 9 server so quickly?

Wow! Fascinating story about how you became who you are now. ...

2026-07-25T02:27:41Z

In reply to nevent1q…qj3q
_________________________

Wow! Fascinating story about how you became who you are now. Thanks for sharing it with us. I really like the format you use walking through the desert - kind of feels like we’re on a walk together.

The Instigators

2026-07-25T00:08:28Z

In reply to nevent1q…wmn0
_________________________

The Instigators

Thanks for all the work you’ve been doing to promote BIP-110.

2026-07-24T23:59:43Z

In reply to nevent1q…nmja
_________________________

Thanks for all the work you’ve been doing to promote BIP-110.

$200 to avoid an hour in NYC traffic and get there in about 10 ...

2026-07-24T23:41:20Z

In reply to nevent1q…hw9k
_________________________

$200 to avoid an hour in NYC traffic and get there in about 10 minutes - totally worth it!

I love the BIP-110 simulator. It shows the tiny amount of fees ...

2026-07-24T15:51:50Z

In reply to nevent1q…kfex
_________________________

I love the BIP-110 simulator. It shows the tiny amount of fees that miners would lose by adopting BIP-110.

BIP-110 reduces fees by typically much less than $100 block as of the current block signaling period. That’s $100 compared to a block reward of 3.125 BTC, which is about $200,000).

That’s a rounding error of 0.05% There’s no credible economic reason for miners to reject BIP-110.

Oh, they know how this shit works - that’s why they are buying ...

2026-07-24T04:03:44Z

In reply to nevent1q…lltg
_________________________

Oh, they know how this shit works - that’s why they are buying the outcomes they want.

Blame the banksters who priced the stock and gave pre-IPO prices ...

2026-07-24T02:25:19Z

In reply to nevent1q…2uyq
_________________________

Blame the banksters who priced the stock and gave pre-IPO prices to their best clients. Elon is a flawed person in many ways but he is pushing humanity forward.

Doesn’t mean he’s wrong. Gold bugs have complained about this ...

2026-07-24T02:20:42Z

In reply to nevent1q…tx96
_________________________

Doesn’t mean he’s wrong. Gold bugs have complained about this for a long time.

Nostr event nevent1qqsdnhgfrvuqfzc857cmxgjrtgv6ulaheqnx695qhw5q9vx4rch6qsgzypluv2r8ff345p6zrqrrwts0wav67jksf8grmyg5p234hlrc86rhynv57x7

2026-07-24T02:16:42Z

In reply to nevent1q…yv05
_________________________

https://en.wikipedia.org/wiki/Jesus_in_comparative_mythology

Yes - you are correct. For monetary uses, less data is better, ...

2026-07-23T05:04:40Z

In reply to nevent1q…7pk6
_________________________

Yes - you are correct. For monetary uses, less data is better, and simple monetary uses require very little data: a couple of UTXOs on the input side, and a couple on the output side is sufficient for the vast majority of on chain financial transactions.

Lightning requires some more complex functionality, but even that typically only needs roughly 500 bytes in a transaction to open or close a channel.

BIP-110 reduces the amount of data that can be embedded in some scripts. I wish it went much further, but doing things slowly and carefully minimizes the risk of unintended consequences.

https://voltage.cloud/blog/what-do-open-channel-transactions-look-like-on-chain

We get to decide. Someone had a chart showing there’s two ...

2026-07-23T04:34:01Z

In reply to nevent1q…45sq
_________________________

We get to decide.

Someone had a chart showing there’s two dominant groups in Bitcoin today. One group are monetary maximalists and the others are shitcoiners.

We have different and incompatible goals, so need to separate. The problem for shitcoiners is they need the monetary maximalists as the base layer of legitimacy or their house of cards falls apart. Maximalists however don’t need shitcoiners.

I hope BIP-110 succeeds so we start gradually and carefully tightening rules to refocus on monetary use cases over time, forcing shitcoiners out to somewhere else - like Ethereum where they are welcome.

It’s not supposed to stop all spam. To do that is impossible. ...

2026-07-23T01:05:47Z

In reply to nevent1q…eldd
_________________________

It’s not supposed to stop all spam. To do that is impossible. It’s a message to VCs that despite what Core signaled with v30, spam is not welcome, and will be mitigated, so stop funding spammers.

As you point out, it’s only a minor disruption for ordinals, but it also closes the very simple to exploit spam vector via OP_RETURN, and reduces the size of spam data possible in certain Taproot scripts.

We need to take more steps periodically and carefully to make spamming so inconvenient that most spammers leave Bitcoin. Doing that all at once would be too high risk, so BIP-110 is a small, cautious, step in the right direction. We need to keep working together to restore the focus of Bitcoin as money.

Thanks for all the work you’ve done to get BIP-110 this far. I ...

2026-07-22T22:08:56Z

In reply to nevent1q…2f4z
_________________________

Thanks for all the work you’ve done to get BIP-110 this far.

I hope it succeeds, so we can all focus on future improvements to further reduce spam and support monetary use cases.

No blame for Core in any of this? It’s all just one man’s ...

2026-07-22T22:03:15Z

In reply to nevent1q…lplt
_________________________

No blame for Core in any of this?
It’s all just one man’s fault?

Core controlled the most dominant node software (and still do) and instead of doing any of the things you mentioned, they decided to ignore spam for years and then make spamming socially acceptable with v30, prompting many node runners to start running Knots and eventually BIP-110.

Congrats on the Start 9 server. Very nice piece of kit! Too ...

2026-07-22T21:09:21Z

In reply to nevent1q…mcde
_________________________

Congrats on the Start 9 server. Very nice piece of kit!

Too expensive for me though. I use a Raspberry Pi 5 16GB RAM with a 2TB internal SSD and that was much cheaper and powerful enough to run a node. Also very low power draw - something like 10-15w on average if I recall correctly.

As long as Lightning and basic on-chain transactions work, that ...

2026-07-22T03:07:42Z

In reply to nevent1q…w79s
_________________________

As long as Lightning and basic on-chain transactions work, that covers 90%+ of monetary use cases. Add in coinjoin, multisig and time locks and you probably cover 99%+. Bottom line is that we could tighten consensus rules far more than BIP-110 does and still not affect monetary uses.

Bravo! Many good points there. Most importantly - there’s ...

2026-07-22T02:05:22Z

In reply to nevent1q…9tja
_________________________

Bravo! Many good points there.

Most importantly - there’s nothing being offered on the anti-BIP-110 side of the argument about the financial applications that BIP-110 would disrupt. So I can only assume it’s about making Bitcoin more like Ethereum with BRC-20 tokens, ordinals, etc… so VCs like David Bailey and Jameson Lopp can make more money.

I also think Bailey’s control of the largest Bitcoin conference silences criticism of spam from most influencers because they want to be invited back to speak at the conference and grow their audiences.

Completely agree with you that more restrictive is not always better - we need to find a sweet spot over time that tightens consensus enough to make spamming so painful that most spammers go elsewhere, while still allowing financial use cases.

BIP-110 is not a silver bullet. It’s a clear message to VCs that spam is not welcome, and a first step in the right direction towards tighter consensus rules.

🎯

2026-07-21T05:10:31Z

In reply to nevent1q…dh85
_________________________

🎯