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Aaron van Wirdum136d ago
Censorship resistant transactions in the hardest money ever invented will be in high demand, and will out-price other forms of data storage. If that assumption is wrong, Bitcoin’s design is fundamentally flawed, and those of us who do want electronic cash should go back to the drawing board. (I don’t believe the assumption is wrong.)
💬 14 replies

Replies (14)

Aaron van Wirdum136d ago
OP_RETURN is not easier-- just less harmful.
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Aaron van Wirdum136d ago
Presumably.
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Aaron van Wirdum136d ago
Assuming you’re referring to the supposed legal risk, see: 📝 349a9cfa…
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Aaron van Wirdum136d ago
Bitcoin Core is free and open source software. Anyone is free to fork it, adjust it however they see fit, and run that instead. Or create a new implementation from scratch. If you think there should be more competition, no one is stopping that.
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Matthew Kratter135d ago
Your assumption is absurd, but it doesn't mean that Bitcoin's design is fundamentally flawed. https://primal.net/e/nevent1qqszxx4ahchxmn8u64kvsh2wm3mh3…
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Aaron van Wirdum134d ago
Great, well if you think there should be multiple implementations, it sounds like you have the skills to create one. Go ahead! :)
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Aaron van Wirdum134d ago
Who does that?
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Aaron van Wirdum134d ago
Who is Portland Hodl? (I don’t see him listed as a contributor to any recent Bitcoin Core release…)
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Aaron van Wirdum134d ago
I see. Well exactly because Bitcoin Core is a free and open source project, anyone can contribute to it. I don't think you should hold the entire project accountable for the actions of any one individual. Nor does it change the nature of the free and open source model; anyone can still fork the code. Of course any project that operates on the open internet can be attacked in all kinds of ways, including Bitcoin Core itself. Being a FOSS project doesn't prevent that. (To be clear I have no opinion on whatever it is Portland Hold may or may not have done because I know nothing about this.)
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Aaron van Wirdum134d ago
Because if people want to put arbitrary data on the chain in the meantime there is no good way to stop that-- but at least OP_RETURN is the least harmful way. And thanks to the block size limit it's a fairly minor nuicence anyways.
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Aaron van Wirdum134d ago
This doesn’t sound like a Szabo argument to me, do you have a link? In any case, if it’s this kind of bandwidth consumption you’re worried about, you are free to use filters, or better yet run your node in blocksonly mode. (Bitcoin Core allows you to configure both, fwiw.)
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Aaron van Wirdum133d ago
You don't have to upgrade at all if you don't want to of course. (But fyi nothing has been deprecated.)
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Aaron van Wirdum135d ago
The only thing approximating an argument in this video is: "There exists a lot of demand for data storage." (Yeah no shit.) You've not at all seriously tried to answer why this demand would flow to Bitcoin specifically instead of cheaper alternatives, whether these are centralized services, more decentralized systems (like Nostr!) or even other blockchains.
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Aaron van Wirdum134d ago
*nuisance
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