so tell me something franky, is it really true that if someone sells their bitcoin nft to another person then all that junk data gets duplicated on the blockchain so now there's essentially 2 copies instead of 1?
separate some concepts A. meme junk data (ordinal content) / spam b. NFT if you can imagine a [better] NFT system as a 256bit hash of a file (not the junk meme itself, but a hash of it) that 32byte hash(256bit) is then prefixed with a txformat and given a checksum suffix. thus appearing as a public segwit address (pure raw data binary only needs the prefix couple bytes and the 32byte hash) and then put as position 2 tx output list where position 1 is the real bitcoin address that is using some protocol code locking position 2 to be associated with position1 to allow position 1 to move/spend position 2. then that would be a NFT system where someone can spend and change ownership of a NFT however bitcoin does not work like that because bitcoin was never designed to be an NFT protocol ..... this ordinal BS is not even a hash of a meme.. its actually putting the meme into a tx that then goes into the blockchain. and because you dont normally copy (due to bitcoin protocol) the signature/witness data from one tx to the next because each TX is unique, you will have to move the meme into each TX to show its current owner. also it takes up space AGAIN due to lack of using just hashes of a meme instead of full meme data ... also the nft and meme and ordinal crap dont work as a effective ownership claims on subnetworks without blockchains. because ending its chain of custody/ancestry with one tx output...[shuffling around in a non-blockchain subnetwork via routing] and popping up on a completely different tx onchain.. is not showing the chain of custody/provenance proof of ownership lineage on the main net thus ownership claim is lost on the mainnet due to lack of provenance lineage pathway (taint) on the main net due to use of a subnetwork without a blockchain so those trying now to take this new highly discussed topic of ordinals to promote a flawed subnetwork that has no blockchain. is just them trying to abuse a discussion to name drop their flawed subnetwork pretending their subnetwork has relevance/purpose. but wont be at all of help even for those that adore such junk or NFT function everytime a bitcoin nft gets sold another copy of that same jpeg or whatever content it is gets duplicated. how inefficient! peoples' hard drives are gonna fill up real fast if that's the case. very inefficient. and i dont see them as true NFT. its just bloat of a tx. and with the 4mb limit. if that 4mb is filled per block then the blockchain will grow by 210gb a year comparing to the average 68gb a year (1.3mb blocks) pre ordinal/meme-junk season
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car prices wont come down much.
however a. inflation will make car prices seem reasonable value ~4%-5% inflation a year for 12 years is the same as "50% discount" of value EG a $40k car now. and a $40k car in 12 years will feel like buying 30,000 loaves of bread now vs 15,000 loaves of bread in 12 years equivalent of a 3 year degree now vs 18 month diploma in 12 years 3 years of middleclass rent vs 18months of middleclass rent
b. most local/regional governments are also investing in small/public transport such as making cycles paths and public commuter buses, driverless taxis so that those that cannot afford electric cars can still get around reasonably cheap using a electric bike. scooter, bus or taxi whereby the bus or taxi will be low cost due to lack of driver labour costs
c. most cars life cycle are 32 years* so the cars bought 2003 years ago wont exist in the 2035 so they do not need to cater to demand now to reach goal for 2035. they just need to grow now to cater to demand of 2035+ *EG if average cars produced a year in the US is 9mill and there are 290m cars that means a cars life cycle is 32years
they dont need to be making 9m EV cars now per year but over next 12 years get upto that 9m-10m production mark
d. expanding on (c) point fuel cars will still be around and gas/fuel stations will still be around in 2050-60.. they just wont be producing fuel based cars from 2035
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In my opinion, we should increase the difficulty of some hack like that and not facilitate it. You're of course partly right, and I've already written that I would support a reduction of the byte limit for data in Taproot. Although I'm still hoping for this fad to wane "on its own", because I'm not sure what functionality you would cripple if you lower that limit. basing bitcoin on the ethos of a financial payment system name one real utility where a single input or output deserves 3.99mb of bloat a single input or output deserves 10kb of bloat
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"tainted coins" and the whole debates of "fungibility" is not a yes or no question its a scale of risk percentage
even bank notes are like this a grocery store owner accepting a one time $10 bank note from a known drug dealer, the grocery store owner doesnt care much and only checks that its not counterfeit. he just sees it as a drug addict wanting feeding his personal drug fueled hunger for a bag of potato chips and candy
however if same grocery store owner was handed $10k of funds and was asked to be a part of a deal where he hands $10k of candy to be sold by the dealers pals for fresh cash from innocent kids. then the grocery store owner would reject the bank notes deal, as that risks him being involved in laundering
same 2 scenario's but from the banks prospective bank receives money from a grocery store owner 1 bank note of 1000 has a serial number that goes back to a known drug deal. the bank just puts a small flag that drug money has circled through a grocery store owner. but the grocery store owner is not to be implicated, by giving it a low 0.1% suspicion rating
bank receives 1000x$10 bank notes from a grocery store owner. the flag rating that month is 100% suspicion rated and becasue it involved $10k a suspicious activity report is sent to authorities about the grocery store. where authorities then start investigating the grocery store owner
...... the silly thing about those promoting 1BTC=1BTC "bitcoin is 100% fungible" are the same guys that actually use mixers and want to lull innocent people into using mixers too via pretending bitcoin is fungible. and non fungible at the same time
now if bitcoin was 100% fungible. why would these dodgy people be trying to convince innocent people into using a mixer if a mixer was not needed
its becasue the dodgy people that care soo much about mixers and fungibility. want to get rid of their dirty funds on some innocent person and they dont care about how it risks that innocent person
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I tend to agree that buying on dips is better than staying consistent on investment time and pattern.
First thing is that you don't know if it's a dip or a knife falling down, some believed the 40k and then the 30k was a dip, what would have happened if you would have gone greedy and bought ten times more at that price, believing you've made the trade of your life? DCA is exactly the opposite of daily speculations, if you want to keep acquiring coins at an average you do it on fixed intervals with fixed money, the moment you try to buy more on some days and less on others, the moment you buy consecutively for 3 days and then take a month break that's no longer DCA is more gambling than both investing or trading. gambling is just throwing money at a wall no matter where it is and hoping for a future good result however if the price is lower than a previous. then buying more the lower it goes and less the higher it goes is smart. its the real essence of cost averaging throwing money at "whatever" is not cost averaging or cost control. its just CRP coin random purchase or coin random price if you are not even trying to average down your purchase price to maximise accumulation and maximise future gains. you are not doing it right its those that want idiots to throw money at any price even the highs that want you to buy the high so they can sell to you and leave you at the high, while they buy the next low
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"ranking sats" cannot be stopped as they are not spamming blocks its just some guys numerical counting system (the old purpose of historic brand "ordinals")
but recent change of brand purpose (the memes) adding memes to certain tx can be stopped by reducing the room they have been given to put memes into tx witness
no one for a decade cared about ranking sats. ranking sats was not a problem.. its the meme spam thats advertised under the brand "ordinals" which is what people can stop
no single input or output deserves 3.99mb no single input or output deserves 10kb
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as said before but continuing
brain learning dont just stick to cross words or sudoku all day. as thats just energising one part of the brain which after a few attempts is not really training. its just entertaining the brain if your getting too good at it. its time to stop and try something else
do different things. literally everything that has a strategy to it where you need to learn something proper strategy things like them "locked room" puzzles, math, riddles, heck even trying different recipes of fried chicken herbs and spices until you worked out the KFC secret recipe
anything that makes you think and try different things will help your brain
find random facts about something whats the atomic weight of carbon what breed of crab has the longest pincers what is the fastest growing tree
if you have a certain hobby. learn all you can about it
learning new skills doesnt just stretch your brain. but it also gives you new things to think about and also talk to family about, they will thank you for not repeating the same joke they heard all their life and the same childhood story for the 1000th time. find proper strategy games which have riddles that reveal where the next stage of the puzzle is even things like snooker(pool) or bowls where you have to work out the angles. golf. archery where you have to work out wind speed and distance and trajectory
as for independence. dont be too proud to think you dont need aids or help from others. you said you dont want to get to a point of having a recording device around your neck but in the long run its much better then getting embarrassed that you forgot why you stood up walked halfway up the stairs and forgot why you went up the stairs and then argued with family about some lame excuse of how your fine and you dont need help and such
having kitchen appliances with timers is not surrendering. its keeping your independence you wont wont to be in a position of cooking some friend chicken and forgetting the deep fat fryer is on until the fire alarms are blaring out. use airfryers with timers the chime after XX minutes and shut off by themselves. the chime will remind you that you have chicken cooking without burning the house down. so you can then continue making your food without worry. or needing supervision
having things like a bottle of drink near your bed or where you normally sit. so if thirsty you have quick access, and not need to get up walk around and forget why you got up. it will keep you hydrated and healthy. dont fear using aids or appliances that can help you. its not surrendering, its actually fighting back.
if your having issues with medication routines. there is nothing wrong with setting up calendar appointment alerts on your phone to chime out an alarm reminder at certain times of the day.
dont think of a voice recorder as a bad thing. think of it as a if you are making a podcast to yourself like a mini biography where in a few months/years you may want to listen to yourself about what you did this time last year/month (like a journal/memory book but easier to take notes), it may even help your family have memories of your in your voice they can listen to in many many decades time when you die of old age in your 90's+
and wink wink it just so happens that you may hint hint rewind your podcast by a couple minutes should you have a foggy moment and no one is the wiser. and you remind yourself what you were about to do without bothering anyone and without them knowing. so you can get on with your day independently
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this does make the mining pool more legally liable to distributing illegal pictures if thats what one of these ordinals is
so pools need to truly be careful what crap they throw into their block templates when collating transactions
how? how do they do that franky? lets hear your protocol for how they do that. actually having code that actually verifies the data it handles.. not this soft crap that has been in play for several years that allowed crap in without majority if nodes needing to update to be ready to verify everything its what the whole point of consensus was 2009-2016 my previous posts in this topic have given out some idea's if i go too into detail of such idea's i get the preacher brigade crying that i must be some totalitarian by making it sound too much like a proposal and too specific of detail. but the idea is there, if you care to read it. EG if a op code meant to suggest and promise that its witness will only be a 1 signature length that validates against the tx data.. then its allowed. if its just random crap unrelated to the transactions purpose of the payment. then its junk and should be rejected
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ok doomad you keep on talking to your dozen buddies to keep you warm at night just because 12 people tell you what you want to hear. doesnt make you correct
its funny how when you get debunked the only last straw you can pull is my literacy.. again for emphasis. this forum is not a legal document its a relaxed discussion forum. if you think i am borderline illiterate. here is a test
1F Y0U C4N7 UND3R574ND 7H15 S3N74NC3 7H4N 17 15 Y0UR L173R4CY 5K1LL5 7H47 4R3 L4CK1NG
if you need people to speak in a very very limited version of english for you to understand it. that again is saying more about you then me
the english language is a thing of beauty, there are many dialects of it.
oi me ol mucker owz ya mah hey dirtbag, how's ur mum Good afternoon old fellow, how is your mother?
they all mean the same thing. and are all perfectly fine english, should you dare vacate your house and explore the other area's of the country and actually talk to people around england
i dont try to sound like an elitist. i dont need to speak the queens english. if i want to speak like a commoner, i can. most of the time i actually avoid using techno babble and jargon. so that normal people can understand things in normal terms using real world analogies. rather than recently made up buzzwords to sound like an elitist dev, making up new words that have no real meaning, just created to have some special techno-babble language of superiority
anyway to your other points there are thousands of people talking about the bitcoin scaling debates, hundreds of topics of such i know you want to invade those topics and talk about promoting your favoured subnetwork, but thats you being blind to whats actually being discussed
so yea stay blind if thats what you want and pretend its "just franky"
but maybe, just maybe, take some time to look outside your own echo's.. even your recruits are starting to see passed your narrative and see whats actually happened
.. maybe thats where your anger really lays you loosing recruits into your cultish narrative oh well, its your own time your wasting
oh and ill remind you again even the core devs are happy admitting what they did. so i am still unsure why you plays these games for years pretending devs didnt do things they are now happy to admit they did.. did you miss the memo? or is this another of your amnesia faults you wish to blame your mistakes on
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current nodes allow upto 3.99mb of witness bloat when using a certain opcode
hardening consensus where that certain opcode is only "one signature length" like that tx formats promise was does not cause a fork (altcoin).
simply saying after block 7XX,XXX consensus is hardened for that opcode to be one signature length is still accepted by old nodes that allow the <3.99mb weight thing. because a 1signature length is also <3.99mb so no harm or deviation of the exploited rules its just a tightening of the rules
where by blocks containing transactions that go above the tightening. get rejected all it requires** in this is the mining pools and some economic nodes to add utility incentive pressure for the mining pools([masf+nya style]), coming to consensus of doing the tightening of consensus rules at the certain blockheight
there are other ways to harden consensus again. **but we might aswell use the method of a trick that have been done before which certain people adored its funny how those same people are now saying "lets not change things" when they adored changing things done by this method so we might aswell use their prefered tricks, thus they cant object
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junk memes in a tx can be aded to a block (random block index location) by anyone just wanting there transaction in a block. but pools still have to and should be validating and verifying content.
but the ordinals(spcial junk memes). is where junk memes are put into rare tx spending (recent block rewards spends (usually tx index 0 of a block reward spend). meaning a pool has decided to include it in a tx of their reward spending as thats what caseys ranking system is about these types of extra special junk memes are called the ordinal inscriptions..
so a ordinal inscription (casey ranked junk meme) as oppose to normal junk meme is more related to a special handling by a mining pool choosing to add such junk
this does make the mining pool more legally liable to distributing illegal pictures if thats what one of these ordinals is
so pools need to truly be careful what crap they throw into their block templates when collating transactions
to all the idiots that think they can plead ignorant to the law and pleas ignorant to certain things will mean that mining pools can get away with it.. ignorance is not a defence
and to all those that think it is. you will only find that out, after caught, arrested, charged, given a hearing date, pleading innocent and then going to trial where at trial is the only real place you can scram your ignorance as a defence.. which is about 6-12 months too late when your life has been uprooted by authorities getting involved in your life.
so try and learn a few laws and stop trying to pretend mining pools can get away with things just becasue ignorant user says so its better for mining pools to be on the watch for preventing doing things that put themselves at risk, rather than listen to idiots telling mining pools "it dont matter, so go ahead commit a crime" the idiot ignorant army of users wont pay the mining pool legal bills and bail while you try to fight it
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calculate a "value:premium" window of expectation that a spot market will wiggle WITHIN
EG most efficient method to acquire bitcoin is the most efficient mining on the planet no one wants to sell at a loss below the most efficient bitcoin cost on the planet set that as your bottom line value number
EG most in-efficient method to acquire bitcoin is the least efficient mining on the planet on one wants to buy at a excess above other methods to get bitcoin on the planet set that as your top line premium number
in 2021 it was (my opinion of my math) $10k-$75k value premium window where the market was wiggling in the $30k-$69k
in 2022 it was (my opinion of my math) $15k-$90k value premium window where the market was wiggling in the $50k-$16k
so lets use say 2022
if the window is 15-90 you would want to buy more the closer it is to 15 and would have set a mid point at ~47k where you decide if you want to stop buying and maybe selling
this first quarter of 2023 is setting itself up as a $17-$110 window . which means dont expect 150k this quarter not anything really above 100k as being a expectation of a ATH this quarter
so while prices are below $25k its still low in the price and in the realms of good value so buy more. 0 16.5 55 110k |||||||||||||||||||||||||||||||||||||||||||| ^ 22.5
where by in my opinion i would want to buy less as the number start getting into the orange and red zones
or atleast split your investment up into amount you want to see returns in X years(under 4) and amount you want to see returns in Y years(over 4). and only risk the Y year return on the orange, red zone. knowing its going to take that amount longer to get returns after corrections and next cycles
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LN suffers from a liquidy bottleneck
imagine "users" are 5 "routers" hops from other "users" where the routers are not holding value for their own spending. but just facilitating payments for users
A \ / N B -- G L -- O C / \ / \ P I - J - K D \ / \ / Q E -- H M -- R F / \ S
imagine each of ABCDEF had $500 they wanted to spend with any of NOPQRS guess how much I J K needs to have set, not for its own use but to facilitate the routes of ABCDEF
imagine everyone one OF ABCDEFNOP wanted to pay S how much would M need in the M-S channel to facilitate payments to S
run some scenarios. and realise that its not a simple system of if A wants to spend $500 to S, where S can receive $500-$5.5k guaranteed
also when saying that ABCDEF had say 1m coins each how many other coins are need to be locked up. not for personal spending. but to make payments viable for destinations 5 hops away
in the example above G need 3m coins to pay I and G needs I needs 6m coins to pay J J needs 6m coins to pay K K needs 3m+3m just to pay L and M
thats 21m coins needing to be locked up just to allow 6 users of 1m coins and thats just 1 direction payment. now do the math of amounts GKJKLM needs to pay in the direction of NOPQRS->ABCDEF
see the problem at max scale where being a network of main use to replace using bitcoin wont work
LN will never be the main payment network of bitcoin where bitcoin is the "reserve lock" network of dead data
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So i am not 100 on how this all works, but do i also have to be watching out for what's on Sats that i receive? As i have understood it, had it explained to me: An Ordinal is all extra data on each Sat?
no the whole scheme is that a guy is ranking sats.. (one scheme) - eg the first spend of a bitcoin coinbase reward is ranked higher then the [whatever]th spend for that coinreward split and secondly/separately..(another scheme) if you put a meme into the witness(signature) area of a tx, where that said tx also contains a rare sat (EG "the first sat spent of a block reward(his ranking scheme)).. then that meme is super super rare his comments about "put into first sat" is him defining a tx that spends the first sat of a block reward. it has nothing to do with putting data into the 'output value field' of a tx its a tx containing both a rare sat(in the output value area).. and a meme(in the signature area) of the same tx is deemed then super rare
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'final check'? only check Achow has gone "god-mode" he controls the moderation of many platforms used as technical discussion, he does not like independant review, scrutiny or critique outside the core team roadmap he enjoys those that FOLLOW cores roadmap but wants anyone opposing the core roadmap removed from discussion. even in github he has recently proposed only the 6 maintainer have complete moderation control of github and also wanted to change who has ACK nAck acknowledgement of code proposals achow has become one of the biggest causes of centralising core years ago is was luke and sipa. now its achow and sipa bitcoin core is not an "open-gated community* achow feels that open source just means open to read, but not open be part of the development. (unless you are the 'diversity hire' volunteer allowed to make a few grammar check alterations to seem less centralised) he strongly hates independence and openness I don't disagree these guys have power to change Bitcoin's code, but it's more accurate to say they can hold sway over any proposed changes in it. If it were true that a handful of people can bend/break Bitcoin to their will, then Bitcoin would have failed. You can put it to the test, too. Get one of them to write something arbitrary into the code, and people will notice, question, likely protest. And their reputations gone, also as the article does point out.
there are protests already. and their reputations are questioned. but that doesnt stop them softening consensus has already happened to allow core to put in new things without the majority of nodes upgrading first to consent to an activation
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nutildah.. we all know you have done these crappy memes yourself. and you are now trying your damned hardest to promote them and make the popular and not want them to stop
we get it your one of caseys gang or casey himself
lol & no to all of this. you are laughably unhinged. you say no to all of these ok: so lets see some examples of your promoting and involvement in the meme spam One of the best ones yet .. Its the first of a series called Rare Ordinals, was tokenized by its creator on Counterparty. .. You can buy a 1 sat fraction of ORDINALPEPE for 1 sat. A fair deal if you ask me. .. 20 purchases so far in the last 24 hours, not too bad. I was 2 of them Enjoy! This is by far the most interesting thing happening in Bitcoin at the moment,
thats just two posts.. i seen far more just look at the amount of posts where you have memes in them, even your avatar is a meme so if you cant recognise that YOU are promoting memes in bitcoin. its you thats unhinged
bitcoins ethos is consensus not permissionless consent of the utxo owner by their signature proving consent to move funds consent of the network that data complies with rules the majority of network consent to agree to softening those rules softening the need of consent and verification is BAD for bitcoin
as for legality (much like drugs) possession can be fought off with the right lawyer to express that it was not your fault(motive/intent) to have data on your computer.. emphasis on the need a good lawyer distributing is a bigger crime. thus mining pools have a higher risk on their heads. learn common sense stop trying to even suggest the thought that people should be free and un-consequentially able to put porn onto the blockchain you selfish man who doesnt care about bitcoins security or integrity, as long as you can make money out of other people. even if it causes others to be at a loss or harm due to your self-greed mindset
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because you can only buy tesla shares in whole units. it requires people to buy whole shares. thus to affect the tesla market means people need to buy alot of shares also stocks and shares dont have "trading pairs" of swapping assets. thus cant offer internal arbitrage opportunity
however crypto you can make a market price fluctuation by only needing to buy decimal amounts and because markets in crypto have multiple trading pairs people can arbitrage those to cycle that same small allotment in circles and re-use it at low cost to ping another order processing.
the average bitcoin order is not 1btc or 100btc. its actually 0.025btc when someone sells bitcoin to keep a price down. they can use that $ to then buy ethereum. then do ethereum->btc then sell that same allotment for dollar again thus can generate alot of volume without spending more then 0.025btc
since april 2022 we have seen some of this manipulation
instead of the free market ups and downs pre april 2022 we can see on the 1 year market char the horizontal (unnatural) lines of price resistance holding and suppressing the price below certain lines
/\/\ \/\ ~~\ ~~~~\ /~ ~~~~~~
this is where whales have been making "futures options" bets on prices and then using a small amout of coin to daytrade arbitrage using bots to create the resistance to keep prices below certain lines. which by the endof 2022(new year of 2023) those whales relaxed their resistances to allow prices to re aclimate to prices over $17k
if you look at the monthly-3monthly charts you can see the1-2 weekly resistance lines of $21.5k. $23k. $24k $23k and this week appears to be a $25k resistance
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doomad you pretend you are correcting fud yet the events of 2017 where we butt heads the most. i can back up my narrative with blockdata, code and bips and you keep on telling your buddies not to look at that and just follow your cult hymn sheet (heck even the core devs you pretend to defend and pretend to be involved in, themselves admit to their flaws, so its odd that years later you still cling to certain narratives and notions.)
i have always given you opportunities to back up your narrative with data(research). but you only rely on quotes you found in the forum of social confirmation bias of people that already followed your narrative. rather than real hard data
you pretend im a cult leader or [insert insult] because that is the only dream you live in. a lifestyle of cults and opposing cults. when your unable to poke at the common sense stuff i say.
i am not recruiting anyone. not=r am i trying to ass kiss nor ask for ass kissers. i keep telling everyone to do their own research. find independence
your the one telling people how, who and what they should speak, where they should and shouldnt speak and what topics people should and shouldnt talk about
and when that fails you get your recruits to cry to moderators to try to get me banned
your antics say more about you then they do about me
one day you will grow out of it.. we can all hope goodluck with your life.
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there are certain things like FTX which is just financial crimes the so called "no physical harm" thing your chanting and yet people feel he deserves 120 years in prison
so there is one dude involved in facilitating the sales of a substance that can cause overdose and deaths you want free.. and another guy that just messed around with money.
sentencing has guidelines of money involved, people involved. number of times an offence is done
its not like he just named dropped someone he knew which resulted in a one time drug deal of just personal use amounts. he ran a drug den for years of harsh drugs that can kill
i know you want to make it sound like "he just ran a website" but so did scam bankman fraud if we used your same mindset
but we all know ross done more then just develop a website. he actually done alot more behind the scenes then that.
again if it was just selling personal use amounts of weed. he would have been released by now. but he is not released becasue of the many things he done over the years.
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any dev team that is not core, that wants to change the rules gets REKT yes there are brands that just follow the "reference clients" lead, but dare they want equal proposal publishing and choice.. REKT they go
they see alternative bitcoin nodes brands wanting to offer solutions/proposals as opposition/competition. not colleagues/community members
the whole moderation of core disliking independent scrutiny, critique, review. the whole be a contributor and we will merge your grammar checks and put you as a credited contributor, but dare you implement code that goes against core roadmap you will get banned on their git-hub
is not the fault of the independent reviewers why core dev are oppositional. its that they like their close gate community but open window policy you can look but you cant touch
more devs have moved over to altcoins such as ethereum. because core have bully moderators as door-men
this is why you see a lack of solutions mentioned on this forums dev discussion, the irc, the mailing list and the github
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