Thread

Bitcoin is money. And it must be preserved as such. Money is the ultimate tool for distinguishing what's important from what's not. Every civilization that successfully scaled needed to invent it. Those that didn't remained stuck at a certain level, unable to deal with the information overload. Its people became lost in the games of lies and deception, as they resorted to inferior substitutes to serve as currency. Bitcoin needs to do one thing - be a decentralized ledger tracking who owns how much value, independent of any trusted third party. That's it. As Bitcoin continues to be increasingly successful, it's understandable that specific people will propose changes to gain more power or to shape Bitcoin to suit their specific needs. However, just because they try doesn't mean they should be allowed to. If we let Bitcoin's purpose become diluted to accommodate every use case, we'll end up pleasing none. Demand for a decentralized, always-available, general-purpose database is infinite. Everyone wants to write THEIR data into such a source of truth. If the data they're writing represents monetary transfers of value (especially from those who have a lot of sats to those who don't) - we should absolutely encourage and facilitate this. But if the data they're writing is a personal expression of vanity or a scheme designed to trade their 1 sat for more sats from someone else, we should absolutely call them out. More importantly, we should actively work to prevent such schemes from succeeding and from being built on top of Bitcoin. If people want to play zero-sum games and build "decentralized world computers", Ethereum already exists. That experiment has run its course over the past decade, and even its benevolent dictator & prophet Vitalik had to admit failure and propose a new five-year plan to make Ethereum "as beautifully simple as Bitcoin". Use Bitcoin the way you use money in your life - to focus your efforts and separate truths from lies. Help others do the same. Remember: you don't change Bitcoin; Bitcoin changes you. And those wanting monkey jpegs on the blockchain, elaborate technical experiments, personality cults, or thrilling zero-sum games should be directed toward Ethereum, Solana, Cardano, or whatever shitcoin currently boasts the largest marketing and R&D budget.

Replies (71)

Bitcoin is money.
UNCLE ROCKSTAR's avatar UNCLE ROCKSTAR
Bitcoin is money. And it must be preserved as such. Money is the ultimate tool for distinguishing what's important from what's not. Every civilization that successfully scaled needed to invent it. Those that didn't remained stuck at a certain level, unable to deal with the information overload. Its people became lost in the games of lies and deception, as they resorted to inferior substitutes to serve as currency. Bitcoin needs to do one thing - be a decentralized ledger tracking who owns how much value, independent of any trusted third party. That's it. As Bitcoin continues to be increasingly successful, it's understandable that specific people will propose changes to gain more power or to shape Bitcoin to suit their specific needs. However, just because they try doesn't mean they should be allowed to. If we let Bitcoin's purpose become diluted to accommodate every use case, we'll end up pleasing none. Demand for a decentralized, always-available, general-purpose database is infinite. Everyone wants to write THEIR data into such a source of truth. If the data they're writing represents monetary transfers of value (especially from those who have a lot of sats to those who don't) - we should absolutely encourage and facilitate this. But if the data they're writing is a personal expression of vanity or a scheme designed to trade their 1 sat for more sats from someone else, we should absolutely call them out. More importantly, we should actively work to prevent such schemes from succeeding and from being built on top of Bitcoin. If people want to play zero-sum games and build "decentralized world computers", Ethereum already exists. That experiment has run its course over the past decade, and even its benevolent dictator & prophet Vitalik had to admit failure and propose a new five-year plan to make Ethereum "as beautifully simple as Bitcoin". Use Bitcoin the way you use money in your life - to focus your efforts and separate truths from lies. Help others do the same. Remember: you don't change Bitcoin; Bitcoin changes you. And those wanting monkey jpegs on the blockchain, elaborate technical experiments, personality cults, or thrilling zero-sum games should be directed toward Ethereum, Solana, Cardano, or whatever shitcoin currently boasts the largest marketing and R&D budget.
View quoted note →
I thought bitcoin was for everyone to do w/e they wanted with because of freedom.... If people want to put clown pics or long forn text on bitcoin you have to let them unfortunately... or you just look silly championing bitcoin for authentic freedom, while telling others "that's not how you freedom". Because bitcoin is for everybody. And everybody has the freedom to do what they want with their bitcoin. Bitcoin changes people. And people change things. (Or my wife would be able to stay in the home we own raise kids and not work still to this day) The greatest show in all of history is taking place before my eyes. Im Blessed to be alive. 🍿
↩ replying to ภ๏รtг๏ภคฒt
You are already not free to do _anything_ you _want_ with your Bitcoin. Bitcoin is a protocol, which means you can only do what the rules of the protocol allow with your coins (e.g. you are not allowed to double spend them). I do understand it is technically basically impossible to stop _every_ spam/non monetary use of Bitcoin. But it is within the realm of possibilities, that the majority of users agrees that Bitcoin shall be a _monetary_ database and that changes which enforce this more strongly than now are necessary and feasible. If that happens, everybody else is still free to fork off and have their own protocol/network for other use cases.
↩ replying to npub1ekp6...d0al
No. People can put what ever they want on bitcoin. It's their bitcoin to do so with. Your node, your choice. Your miner, your choice. Bitcoin is for everyone, until someone does something with their own coins that you don't like. Bitcoiners: They'll tell you about decentralization, freedom, and then complain about how you use your own bitcoin.
↩ replying to npub1ekp6...d0al
Bitcoin transactions, are made of data. Stored forever. Who cares if someone adds more text or a photo. Leave people alone. It's their bitcoin. They can do w/e they want with it the same way you can choose to not fuck with their transactions. Stop crying people are using their freedom to do things you don't like or agree with. Use your freedom to do the opposite. Bitching solves nothing.
↩ replying to ภ๏รtг๏ภคฒt
Data is just data is a naively shit argument. A jpeg of some abused child is not the same as a UTXO. My bitcoin node is for keeping my personal copy of all past bitcoin transactions because it benefits me, it is not for keeping copies of your jpegs (disgusting or not) because you we're able to incentivise a miner. I don't profit from storing your photo collection on my computer, I don't care how much you want to pay a miner to put non bitcoin transaction data on the blockchsin, I'm not going to help you do it. Why is this a hard concept?
Wow.. such a beautiful pic!
UNCLE ROCKSTAR's avatar UNCLE ROCKSTAR
Bitcoin is money. And it must be preserved as such. Money is the ultimate tool for distinguishing what's important from what's not. Every civilization that successfully scaled needed to invent it. Those that didn't remained stuck at a certain level, unable to deal with the information overload. Its people became lost in the games of lies and deception, as they resorted to inferior substitutes to serve as currency. Bitcoin needs to do one thing - be a decentralized ledger tracking who owns how much value, independent of any trusted third party. That's it. As Bitcoin continues to be increasingly successful, it's understandable that specific people will propose changes to gain more power or to shape Bitcoin to suit their specific needs. However, just because they try doesn't mean they should be allowed to. If we let Bitcoin's purpose become diluted to accommodate every use case, we'll end up pleasing none. Demand for a decentralized, always-available, general-purpose database is infinite. Everyone wants to write THEIR data into such a source of truth. If the data they're writing represents monetary transfers of value (especially from those who have a lot of sats to those who don't) - we should absolutely encourage and facilitate this. But if the data they're writing is a personal expression of vanity or a scheme designed to trade their 1 sat for more sats from someone else, we should absolutely call them out. More importantly, we should actively work to prevent such schemes from succeeding and from being built on top of Bitcoin. If people want to play zero-sum games and build "decentralized world computers", Ethereum already exists. That experiment has run its course over the past decade, and even its benevolent dictator & prophet Vitalik had to admit failure and propose a new five-year plan to make Ethereum "as beautifully simple as Bitcoin". Use Bitcoin the way you use money in your life - to focus your efforts and separate truths from lies. Help others do the same. Remember: you don't change Bitcoin; Bitcoin changes you. And those wanting monkey jpegs on the blockchain, elaborate technical experiments, personality cults, or thrilling zero-sum games should be directed toward Ethereum, Solana, Cardano, or whatever shitcoin currently boasts the largest marketing and R&D budget.
View quoted note →
The only place in our culture that you encounter the idea of money as truth is in Bitcoin. It’s a distinguishing feature that separates Bitcoiner’s from everyone else and it’s a big part of the reason I have trouble communicating back across the chasm with the uninitiated. The fiat construct of money is dirty, slimy and associated with scammers, self promoters and politicians. So talking about money has become impolite and no one wants to admit that they don’t understand it even though they spend their lives in service to it. Introducing the idea of money as the ultimate social truth breaks the paradigm, but it impossible to describe what Bitcoin is without eventually arriving at borderline spiritual truths about the nature of right and wrong. Bitcoin is truth. It’s hard for most to see that thing that has been the cause of so much suffering (money) when properly tuned is the most powerful salve against human suffering ever invented. β€œThe problem is the solution” ~Bill Mollison
What I want is a free market. What I don't want to do is create a precedent establishing the 'need' for a cabal to protect Bitcoin. This is not an existential crisis for Bitcoin - it has the tools to handle spam in a very open and transparent way. Let it do its own thing.
↩ replying to Deleted Account
What I want is a long-life blockchain for payments. What I don't want to do is create a precedent establishing the 'need' for a cabal to use Bitcoin freeely as a dirty data storage place. This is not an existential crisis for Bitcoin - it hasn't the tools to handle spam in a very open and transparent way. Let them do their own spam or try to fight for the blockchain. Sorry but it works in both ways, just meaning everybody don't agree here.
I found this website about three years ago where you can invest with crypto asset and earn daily passive income, invest and earn your daily income. πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡ ivysmart-financial.com Sign up now and start making some cool πŸ’°πŸ’΅ The minimum investment amount is $100
image image