If you're out of the loop like me, this is a summary of the Bitcoin Core vs Bitcoin Knots debate.
Please feel free to add to it to make sure it's right or not.
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## Introduction
The current debate in Bitcoin is often framed as **Bitcoin Core vs. Bitcoin Knots**, but that’s not the real issue.
At its core, the controversy is about **Ordinals vs. monetary-only Bitcoin**:
- Should Bitcoin remain a **neutral, general-purpose ledger** where people can inscribe art, tokens, and other data?
- Or should Bitcoin be kept **lean and focused strictly on monetary transactions**, preserving block space for payments and settlements?
⚔️ The Ordinals Debate in Bitcoin
What Ordinals are
A protocol that numbers individual sats and lets people inscribe arbitrary data (images, text, tokens) into Bitcoin blocks via SegWit/Taproot.
Enables Bitcoin-native NFTs, meme coins, and permanent data storage.
## The Supporters’ View
Innovation & new use cases: Bitcoin isn’t just money, it can be a foundation for art, collectibles, and tokenization.
Miner revenue boost: High Ordinals activity drives up transaction fees, which helps secure Bitcoin as block subsidies shrink.
Permissionless ethos: Bitcoin is supposed to be neutral — anyone should be free to use it without gatekeeping.
The Critics’ View (e.g. Luke Dashjr / Bitcoin Knots)
Spam & bloat: Inscriptions fill blocks with non-financial data, raising fees for ordinary payments.
Against Bitcoin’s purpose: The base layer should prioritize financial transactions, not NFTs or memes.
Centralization risks: Larger blocks → bigger storage/processing requirements → fewer people can run nodes.
Policy response: Bitcoin Knots enforces stricter relay rules (e.g. 42-byte OP_RETURN) and filters some inscription transactions.
## The Broader Tension
Bitcoin Core v30 (coming 2025) will loosen limits, making inscriptions easier.
Bitcoin Knots is rising in popularity (~18% of nodes) as a counterweight, keeping “anti-spam” defaults.
This creates a philosophical and technical split:
Bitcoin as neutral, general-purpose ledger (pro-Ordinals).
Bitcoin as lean, monetary-only system (anti-Ordinals).
✅ In one line:
The Ordinals debate is really about what Bitcoin should be:
A neutral, permissionless base layer for all kinds of data and innovation, or
A strictly monetary network optimized only for peer-to-peer cash and settlement.
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Is this correct? Which side of the conversation are you on?
#asknostr
A lot of times I feel like people don't care about each other. About how we live in a dog eat dog world. And I've been thinking about this and more and more I'm concluding that this feeling is fake. As in, it's just a distorted consequence of the context I'm in, what I'm exposed to, and not something that comes from me.
In other words, I think this feeling that people don't care about each other is an artificial feeling mostly created by a fake monetary system. A psyop if you will.
I don't think we are like this in our very deep nature. It's just that in the absence of real money people try to conquer that power top-down, completely disregarding service to others. Adding to that very bad top-down philosophy also, such as the expansionist philosophies of a lot of nation states.
And then in this scenario/world, I really like Buddhism because in that the absence of real money and all the chaos that it creates, Buddhism very precisely reminds me exactly what is important and not. Buddhism reminds me to intentionally focus on being good to people. But with wisdom of course, not just being good per se.
Compassion, generosity and wisdom is a thing. Eastern societies have been building on that for years. It's just that in the west it currently almost feels non-existent.
We don't have good money or good philosophy in the west. But now we can have both :)
#bitcoin #philosophy #politics #society
"Russia and China are taking concrete steps to reduce Western influence over global gold markets, signalling a broader move towards monetary self-reliance and the redomiciliation of gold reserves away from traditional Western centres.
Russia is preparing to launch its own gold exchange, independent of the London Bullion Market Association (LBMA), which has dominated international price-setting since the early 20th century. According to officials, trading on the new Russian platform will be based on physical bullion, with participation open to BRICS member states."
So what's the plan, cut out the West from buying gold reducing demand, gold demand that you need to monetize your BRICS gold backed currency?
The new players might be even worse than the old players.
#bitcoin #gold #economy #thoughts
This might the beginning of the UBI from a dividend (in this case from gains) that I've been talking about.
This is nothing short of revolutionary if you really think about it.
#us #news #politics #ubi
QE for the people in the form of UBI!!
Why not? But really, why not?
I think it's inevitable in the next 10 years to be honest. Mark this post ahah.
#ubi #bitcoin #philosophy #economy
This is a great piece of video history I would say. An exchange between Trump and Powell. Trump complaining that the costs of some buildings at the FED have increased, asking Powell if they expect more and then...
Powell: "Don't expect them (more costs), we're ready for them. We have a little bit of a reserve that we may use."
This is such a symbolic exchange. "We have a little bit of a reserve that we may use" is the understatement of history. ahah
Central bankers are incredible!
#bitcoin #economics
