Arbitrary data (aka “spam”) is the red herring The goal of Knots is to create a precedent for transaction censorship & UTXO confiscation Why? Because institutional investors, some of which back Ocean pool, consider Satoshi’s coins an existential risk and want to freeze his BTC to effectively prevent him from ever selling. Some of the quantum resistance debates aim for the same goal. But they have lesser credibility due to the unconvincing evidence that quantum computers will be able to crack elliptic curve digital signatures anytime soon. Follow the money.

The block size wars were a mistake All of this development energy should have taken place on one Bitcoin

Interesting altcoins that test + refine ideas first proposed for Bitcoin: Zcash: Zerocash, soft fork proposed for BTC in 2014 Litecoin: MimbleWimble Extension Block, soft fork proposed by Andrew Poelstra for BTC in 2016 Monero: ring signatures, Confidential Transactions, Dandelion++, Bulletproofs, all of which were proposed individually for Bitcoin Decred: CoinJoin by default, smaller blocks & stable Lightning Network Bitcoin Cash: dynamic block size, OP_CAT + a bunch of restored OP codes from the Satoshi era (AND, OR, XOR, DIV, MOD, MUL, LSHIFT, RSHIFT) What else?

Satoshi Nakamoto gave everyone the blueprint to create unstoppable money. Some say that he created the last form of money we’ll ever need, but he also supported the creation of BitNames (later Namecoin). The only kind of maximalist Satoshi proved himself to be is Proof of Work and merged mining maxi. He didn’t care that much about Austrian economics and the “everything divided by 21 million coins” meme. Satoshi was a cypherpunk who gladly supported different use cases for his tech, but wanted a whole galaxy of coins to get secures by the same miners.

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It’s more ethical to support interesting altcoins that may push Bitcoin to improve than to put on a suit and shake hands with bankers. One is evolutionary and cypherpunk. The other is regressive and defeatist.

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Over the last week I’ve spoken with 3 Bitcoin devs who are migrating part of their work to Zcash Not because Zcash pays them – they’re frustrated by the shitty dev culture where they must constantly ask for permission to build stuff One is a Lightning dev, one is a Starkware dev, another one is a Counterparty/Ordinal dev and artist. Not everyone wants to take part in the “Knotzi vs Coretard” debate. The revenge chain scenario is very real.