wetsock 🧦 retweeted
The Bitcoin timechain doesn't have any money in it.
It's just a record of what happened to the money.
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colourorange 🥪 retweeted
JUST IN: Timechain Police have issued an arrest warrant for expelled Bitcoin University student @stutxo who is wanted on suspicion of felony jestermaxxing after he allegedly put a disrespectful image of Matthew Kratter on the Bitcoin blockchain.
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First I have to thank @hodlonaut for his work. It connects so much, and documents a full picture for what many of us had already intuitively realized. 🙏
So many angles to follow up. But let me start mentioning the main social/political problem with Bitcoin Core that I have concluded.
That is, they are no longer protecting the real “core” of Bitcoin, the Timechain. Instead they have become the “Capturable Centralized Organization to Steer Bitcoin” developers, like these articles are revealing.
But the main technical problem I see with Current Bitcoin Core is the following:
The Prune-First Architecture.
The “UTXO Set”, also known as the “chainstate”, is NOT supposed to be a “core tenet”. This is an implementation detail, prioritizing prune-ability of chain data.
Then, another critical problem with the current developers is what I like to call “Mempool Magic”. A “layer” of the Bitcoin Core application that is not supposed to be accommodating non-chain uses, but has mainly transformed to become.
Current Bitcoin Core MAINLY focuses on these 2. Openly admitted as their compass in practically all they do.
They are wrong, and leading Bitcoin into becoming “just another crypto”.
The Bitcoin Timechain is the ONLY true foundation. The chain of blocks, being as waste-less and small as possible, should be the reference implementation’s main priority and purpose. This is Realized Decentralization, when you run a Full Node, YOU ARE BITCOIN.
And these are not empty claims. Work is being done to prove my points.
Stay tuned…
CAPTURE
An investigation across four articles into how informal power over Bitcoin Core was assembled, exercised, and defended.
Article Three: The Merge
citadel21.com/the-merge
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Samson Mow explains the power of Bitcoin as Energy Money:
"It fuses energy and information into the hardest form of money humanity has ever created."
"It requires energy to survive and to propel the entire timechain. This metabolic link binds energy to money."
x.com/fiatarchive/status/206…
Fiat Archive
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There is no relevant distinction in kind between the freshly minted coins from the coinbase and the rest of the UTXOs. I think that all of the UTXOs in your copy of the timechain participate in one part of the money though. The key is part of it too.
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Billions. Literally.
Train is leaving...nfa
Timechain
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I used Claude Fable with Virtuals inference and Venice non-stop the whole time it was out, it takes 3 days max for me to fully get what I need out of any new model drop.
It's a natural result of understanding the product accurately.
I didn't need to learn anything I learned from it, timechains are too overpowered to care much about whether a traditional monolithic LLM is attached.
It just reinforced and even verbally reinforced how far ahead $CPHY is, orders of magnitude perceived possibly decades or more away from the perspective of the siloed, timechain-less field.
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The timechain records truth immutably, yet Bitcoin’s power lies in sovereign self-custody and programmable coordination it enables.
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Yeah @CunyRenaud 's analysis, with actual data like you use for your cool dashboards that I like, doesn't tell you anything?
Running a simulation of BIP-110, for 10 days, 4.7 M transactions. Zero impact on Financial Transactions.
How come you never address this? Picture for you guys below. You love your pictures, we Knots people should pay to put this on the forever timechain but we won't because we aren't Bitcoiners working for Altcoiners. (aka not losers.)
ALT https://blockspaceweekly.substack.com/p/issue-8-bip-110-the-corrected-analysis?utm_source=publication-search
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Well - I don't agree to Knut's initial point that "The Bitcoin timechain doesn't have any money in it". I think it definitely has: They originate as coinbase, and are then moved around. I mean, that's the entire point, isn't it: There will only be 21M and all that - and ALL of them originate as coinbase. So there IS "bitcoin on the blockchain". Like, definitely. That is one of the absolutely massive innovations of Satoshi: It is the "chain itself" that mints them. But AFTER that, they are only moved around, "just a record of what happened to the money"
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Yeah they are debasing the timechain (and their mempools) come to think of it.
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