bram on Nostr: Money is the PRIMARY USE CASE of Bitcoin’s technology and monetary network. This is ...

Money is the PRIMARY USE CASE of Bitcoin’s technology and monetary network.

This is what ALL education must focus on.

🔸What is money?
🔸Why is fiat money stealing your time & energy?
🔸Why does hard money give you hope for the future?
🔸How can you opt out?
🔸What is the power of self custody?
🔸Why is Bitcoin superior money?
🔸What makes it antifragile?
🔸What makes it more “real” than fiat money?

And so on.

Inscribing data (spam) on the blockchain is a certain, retarded, USAGE (not Use Case) of Bitcoin’s underlying technology.

Some people see it as a showcase for permissionless technology like Bitcoin (which is correct), others think it is stupid, lame, and unproductive (like me).

BUT: Bitcoin’s USAGE as money is not yet global, and this will take a LONG time (that is why education is needed), WAY longer than most can handle. NOBODY CARES ABOUT BITCOIN LIKE YOU DO ANON.

(That is the asymmetric opportunity btw)

Fees are low and thus people can and will spam. I personally think this will die out over time as blockspace becomes more scarce and expensive. That is my personal take.

If you CANNOT STOP SPAM, blockspace is cheap, and retard spammers exist (although a minority), I personally think it is not smart to propose a change at the Bitcoin consensus level because that would, imo, hurt the possible monetary use case of Bitcoin because that use case is established by fundamental consensus and protocol rules that are hard to change (impossible I hope).

Bitcoin “Core” is a misleading name because many people think they maintain Bitcoin’s rules. They maintain the main reference client and although you might not agree with what they do or did for whatever reason you think is valid, they can do whatever they want. If you think their stewardship is turning malicious, make a better node implementation (could be Knots) and tell more people about it.

If BIP110 does not stop spam, is temporary AND touches consensus, it is not a good idea.

I see this as a classic case of early adopters who want to change USAGE of a technology they don’t approve, by wanting to change a very important part of said technology (consensus).

They fail to understand that although a technology can be built with a certain primary use case in mind, it will never be used by everyone in that way. ESPECIALLY not a permissionless protocol like Bitcoin. That is the entire point of Bitcoin’s tech.

We are still extremely early in the monetary WAR against fiat money and I think all energy that is now focused on being angry, should be focused on education.

TL;DR: zoom out.

Love ya’ll🧡