SegWit’s discount and implicit blocksize increase was socialism and taxation implemented to Bitcoin’s L1. We really cooked here guys.
Bitcoin conserves the demand for finite blockspace. Either fees for finite blockspace are paid upfront by the individual user in the form of satoshis, or fees in sats can be lowered by socializing the cost to all the nodes in the form of taxation by increasing the number of consensus bits the node must maintain in perpetuity of Bitcoin’s life. Additionally, the cost is spread to miners thru lower block rewards in sats, thus pressuring difficulty downward despite equivalent physical work. We depegged that sat from the work and the emergent market.
Fees paid in sats accrue no interest. Fees paid in bits accrue interest increasingly across time. A physical cost that must be paid forever for Bitcoin to remain coherent.
We are no better than fiat. #Bitcoin
If nodes are the soul, stop taxing them with additional bits paid with discounts and blocks greater than the 1MB constant Satoshi defined. There is no free lunch.
Jackk / Jack K
npub183…faslh
2026-07-22 14:03:24 UTC
Author Public Key
npub18384z4sjgdfy7vr76thzwtru7jncysz0hcapwesxqsak44p8aemsyfaslhSeen on
wss://nos.lolPublished at
2026-07-22 14:03:24 UTCEvent JSON
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"content": "SegWit’s discount and implicit blocksize increase was socialism and taxation implemented to Bitcoin’s L1. We really cooked here guys.\n\nBitcoin conserves the demand for finite blockspace. Either fees for finite blockspace are paid upfront by the individual user in the form of satoshis, or fees in sats can be lowered by socializing the cost to all the nodes in the form of taxation by increasing the number of consensus bits the node must maintain in perpetuity of Bitcoin’s life. Additionally, the cost is spread to miners thru lower block rewards in sats, thus pressuring difficulty downward despite equivalent physical work. We depegged that sat from the work and the emergent market.\n\nFees paid in sats accrue no interest. Fees paid in bits accrue interest increasingly across time. A physical cost that must be paid forever for Bitcoin to remain coherent.\n\nWe are no better than fiat. #Bitcoin\n\nIf nodes are the soul, stop taxing them with additional bits paid with discounts and blocks greater than the 1MB constant Satoshi defined. There is no free lunch.",
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