BIP-110 Fails

@xenu and the cult has been telling me for three years that Blackrock being a major shareholder in major mining companies is of no concern. Or that Lightning Labs partnering with the WEF is no big deal either. But I'm not one of the 'cool kids' so what do I know.

https://finbold.com/blackrock-is-a-major-shareholder-in-4-of-the-5-largest-bitcoin-miners/
https://www.weforum.org/organizations/lightning-labs/

@nemesis yeah it's insane. They are a decade late.

@xenu I'm just glad I saw thru all the BS before I got too wedded to btc. But all the lies from maxis, as well as the vile attitudes many have, sure helped that along

As someone who has no idea about the history or tech of any of this

I feel so lost, everyone on nostr is meming this bip 110 thing and I understand nothing

What are the potential consequences of this thing failing?

And I hope there's an in depth break down somewhere ... 030

@avarice
i tried asking the LLM earlier, cause no offense to xenu/antimoonboy but...
https://odysee.com/@anti_moonboy:7/amnn78:4

53:43 BIP-110 is stupid.

that didnt explain at all what that BIP-110 even was and am so behind on all the bitcoin drama too, i literally have no clue
the LLM mentioned the 2015 thing and when i prompted it to do a webfetch that it was more recent than that, then it was all like: "oh ok, so there's a new thing in 2026 for BIP-110 but it's different than the original BIP-110 from 2015"
kinda reminded me of those laws like the "KIDS-ACTS" or what ever it even is, that they try to pass, it's refused then they push it again and it's refused again, until it actually passes lol, which for the OS level digital ID thing, it just passed this week seems like:
https://monero.forum/thread/kids-act-passes-us-house-age-verification-bill-framed-protecting-children
which last month it passed the house, and this week it passed congress i guess? idk, clueless about what they doing in the americas, they not the whole world (or are they? i mean... if they can write laws for how all the computers in the whole world must be then it kinda do be it u know lmao)
https://inv.nadeko.net/watch?v=2OofAfYe5ok

more context:
https://monero.forum/thread/linux-age-verification-insane
https://agelesslinux.org/distros.html

so anyways, regarding BIP-110, still clueless on what it even is tho...
like, apparently was something regarding the Ordinals? like you know, those NFT pics being inscribed on the BTC Layer 1 blockchain which apparently they can't even find consensus on disabling those or not... that's legit retarded

for monero there was those "Mordinals" thing, and it got instant consensus in the community that "it's trash NFT bullshit, fuck that, Monero is single purpose thing P2P digital cash and it was addressed through limiting the tx_extrafield (which for BTC it would be OP_RETURN)"

it's like you know how Ethereum is just complete garbage trying to be a swiss army knife type thing, it tries to do everything, and fails miserably at being the one that matters "decentralized uncensorable p2p digital cash"
which it got the shits like tether that they can just freeze assets and shits which is retarded af

so at this point, what is BTC even trying to do? it wanna do Ordinal NFT bullshit or it tries to p2p digtal cash thing lmao, is it like ethereum it tries to do everything but just is shit at the one that matters?

either way, no clue, dont care i guess lol
which there would agree with xenu/antimoonboy that Luke Dash Jr kinda batshit af ngl
https://monerochan.news/article/18/
https://blog.lopp.net/knot-a-serious-project/
https://bitcointalk.org/index.php?topic=62037.0

so like, for BIP-110, still literally no clue wtf they doing over there at bitcoin corporation or somethin somethin lmao
i guess they wanna support Ordinals inscribed on the blockchain and have no clue wtf they even doing no more but just wanna please the blackrock or whatever the fuck they even doing, literally no clue lmao

Blackrock

https://inv.nadeko.net/watch?v=iKwXYrE4vc8

everyone on nostr is meming this bip 110 thing and I understand nothing
@avarice

Put simply, Bitcoin Improvement Proposal 110 prevents malicious actors from storing child pornography inside the Bitcoin Blockchain.

Wall Street Bankers want to control Bitcoin in order to prevent their Cattle (working people) from using it to flee their system of financial exploitation.

Child pornography in the blockchain provides Wall Street justification for using the government regulators they own to restrict and control Bitcoin usage in ways that eliminate it as a threat to their human cattle ranching operations.

@CharliePrimero

Put simply, Bitcoin Improvement Proposal 110 prevents malicious actors from storing child pornography inside the Bitcoin Blockchain.

It literally does not. There are trivial ways for bad actors to still do that despite the lower tx size.

@avarice A few years ago Bitcoin began experiencing nft spam with Ordinals. This upset people because tx fees were going way up because blocks were filling up fast with larger transactions filled with data which correlates to an nft. There has been discussion on how to limit this and whether it can even be limited.
Luke dashjr, one of the long time developers for Bitcoin, decided to start managing a protocol called Bitcoin Knots. Knots is a fork of the Bitcoin Core node which limits tx sizes under a threshold of 80 bytes for the op_return field among other things. The idea, as how it was presented, is to prevent spam. If we stop here, many would view this as reasonable -- why should I, a Bitcoin node runner, support people to upload terrible and/or unnecessary things on the BTC network?... We should just stop that using Knots! However with technical knowledge of the situation, as well as an understanding of the broader community of Knots, it is clear that this is nothing more than a grift and a case of virtue signalling.

1. Luke has been extremely antagonistic against privacy protocols that relied in having larger tx sizes. He actually called Samourai Wallet whirlpool transactions spam and unnecessary and blocked them with his node.
2. Other advanced Bitcoin features need the larger space and have been built in this manner. Regardless of how you feel about BTC, it does have basic scripting capabilities and these can, down the line, lead to more improvements to provide features such as privacy or better ux. Bitcoin has decided that soft forks are preferable.
3. Limiting the tx size doesn't actually stop spam. This has been proven numerous times, making this entire operation comparable to "wearing the mask".

Prior to BIP-110, Knots nodes were run purely to virtue signal dislike of spam. The nodes were set to not relay txs that they categorised as spam even though every node and miner still supported them. It is like that meme from the Simpsons of Moe throwing Barney out of the bar, and in the final panel Barney is still there. Spammers will always find a way and playing disruptive wack-a-mole makes things worse. So then they decided to ramp up the rhetoric and introduce bip-110 as an ultimatum. Bip-110 would require miners to signal their support for the protocol, meaning a chain split were to occur if miners disagreed (this is what happened). But this development has been even more virtue signalling and retardation.

1. Bitcoiners who aren't supporting the protocol are smeared as supporting csam. This disgusting tactic is because of the permissionless nature of Bitcoin, and that yes, bad actors can create data which can be changed into bad images. However this tactic is exactly how privacy is taken from us (you like privacy? Are you a pedo/terrorist, etc) and it opens the door that censorship of one thing will inevitably open the door to other censorship, and as I mentioned earlier, Bitcoin knots was antagonistic against Samourai Wallet txs.
2. The bitcoin podcast cult jumped on this and began throwing out cp accusations everywhere DESPITE THE FACT THAT KNOTS NODES DONT ACTUALLY STOP THIS FROM HAPPENING. Yes, it really is that silly.
3. Realizing the technical arguments aren't on their side, the bip-110 crowd pivoted to saying this was a moral vote against the takeover of BTC. A little late for that. As @nemesis pointed out, we have been saying for years that BTC has been taken over. Anyways, by casting a wider net the Knots crowd is making this out to be an us vs them issue and now want to take control back, even though their miners are already centralized under control of kyc'd, pro state entities. How amusing.

So it came to a head yesterday and at the final showdown, where miners had to decide between the two options, they went with supporting Bitcoin core instead of the virtue signalling podcast cultists that have no actual game plan (that's another thing, they don't actually have a road map and are just doing this as a show), who restrict BTC features that require larger tx sizes, who fall hook line and sinker for the existence of csam being a reason to encroach on liberties, who have a lead developer that has been antagonistic against privacy, and who are way late to the party and are just now figuring out BTC has been taken over.

And that is the thing. BTC is a corporate liquidity crypto that is a savings vehicle. It can still be used privately and peer to peer, but the writing is on the wall that it is already taken over by suits and moonboys. And so this BTC podcast cult, made up of the moonboys, are virtue signalling against something they have happily cheered on for years because they just realized how many suits are involved.

@xenu

Luke has been extremely antagonistic against privacy protocols that relied in having larger tx sizes. He actually called Samourai Wallet whirlpool transactions spam and unnecessary and blocked them with his node.

This is just a taste of what I saw as a long term problem with BIP110. Get people to support it under the always reliable freedom restricting mantra "protecting children'. Then down the line, block anything not from a CEX, essentially banning self-custody without explicitly banning it. Another thing the cult had told me I'm an idiot for thinking could ever be possible. No matter the issue, if it starts with 'protecting children', it always leads to more restrictions, regulations, etc. Age Verification at OS level definitely being one of the more recent examples.