nah its not.. but nice try. i guess the latest campaign script has deceived you again
forget the campaigners that recruited you...
. forget their scripts for one moment
where you are pretending to be against the bloat memes. but then loudly saying you dont want the meme spam to stop and instead want everyone else to pay more

to fully enforce a fee mechanism to scare(not completely stop) meme bloat requires enforcing full node compliance to reject blocks that contain transactions that dont honour the fee mechanism, which can cause forks

yet meme bloat have other tricks to pay less than the average so even with such enforcement it wont completely stop them

Choas across all the markets. Silicon Valley bank has collapsed in a manner of hours due to a bank run caused by the fed hikes. Right now there are half a dozen banks with double digit losses trading like low cap alt-coins. The worse of this is Charles Schwab. And I think the fed will finally step in to protect it.

The fed doesn't care about Silvergate or Silicon Valley but Schwab is pretty big. I think any day now we will get the pivot and all markets will rally which are considered risk-on. Sure inflation is bad but I don't think the fed wants a major bank collapsing sending shockwaves across the entire financial system.

If the fed pivots then Crypto and stocks should rally. The hint is in the bond markets. Currently they are rallying like crazy.

A fork is a bad idea because it would prevent future extensions to Taproot (witness version 1) which is the reason why this mess was allowed in first place. Not to mention that forks take a very long time to reach consenesus.

As I've said many times the correct solution should have been using standard rules to prevent this type of spam like what we have been doing all these years!
You see Ordinals attack could have happened before Taproot too but it was successfully prevented by standard rules. But after Taproot for some unknown reason the devs decided to not add any standard rules when verifying Taproot scripts (eg. a DISCOURAGE_BIG_SCRIPTS flag) and we are seeing this unwanted attack vector...

I wonder if higher education will help for entrepreneurship?

I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.

This can help us if we need a license, but in some cases it can be obtained without a higher education.

Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?

Mini Update March 13, 2023

Does my prediction is correct again? take time to read my past updates on my analysis regarding the price and the movement of the bitcoin. I said that it is considered as healthy move that the price retrace on the level of $20,000. I also mention that I'll get as much as position becauseu the price is currently at the major support. Luckily, I followed my plan and I have big positions in a lot of coins and I'm currently 30% up in my total portfolio.

A lot of people got scared because of the retracement of the bitcoin, it only shows that they do not fully understand the psychology and market sentiment. As for my next prediction, the price of the bitcoin will consolidate and eventually break the $25,000. Take note that it is really good time to acquire positions in the consolidation level so guys good luck and happy trading again! If you want to make money then consider my analysis but also make sure to have good risk management and solid plan.

The current weekly chart as of now:


The current daily chart as of now:

The title sounds all too familiar, doesnt it? We are seeing this in real time and its pretty wild! This is one of the main reasons that Bitcoin was created, to create an alternative to the fiat trash money. Tomorrow morning President Biden will speak on the 2 bank collapses that happed in the past week, and of course he is going to follow in Janet Yellens footsteps assuring that the US Government will bail the failed banks out and that all the depositors money is safe, but with what money? The printers are running nonstop, they have to be. The US defaulted on their debt recently, I mean all the conditions are not looking great for USD.

Are we seeing the beginning of the domino affect on US AND ALL GLOBAL BANKS?! Is the USD going to finally collapse? I don't think just yet, the FED is going to pull some strings to delay yet again but how much longer can they hold up the inevitable?

It is paranoid and super expensive doing all this just for one hardware wallet, I am not talking if you are dealing drugs, selling alcohol or nuclear fuel all the time, so you need to have this.
But go ahead and keep recommending people to buy fake ID (aka commit crime) because that is ''standard safety measure'' in your world
What I proposed is 100 times more simpler, cheaper and safer, plus you don't have to commit any crime along the way.

Who's "we"?

I'm sorry that I'm responding without reading the last page with devotion, but it's just frustrating observing established experts going against the Bitcoin spirit without noticing. There is no "we" in transactions. I don't expect the majority of you to approve my transaction from an ethic standard when I make it. Nor do I expect you to feel I have circumvented your space. I don't even expect you'll attend to talk about it. The only thing I expect is that it will be done in 10 minutes.

You know you can't have both the most freedom preserving currency in the world and simultaneously dictate miners how to do their business or which transactions pass the collective approval.

Yep, I more or less agree -- my remark was about the way the "sub-consensus" works in the case of Ordinals and Omni/Counterparty, and it's identic. Both assign "significance" to data which would normally be read as "arbitrary" with the standard Bitcoin tools (which follow only the Bitcoin protocol).

I've thought a bit how the Ordinals problem could be dealt with without censorship or hard forks, but simply using incentive mechanisms and/or possible soft forks. Apart from making ordinal-type taproot scripts non-standard, which could be a "short term" strategy but is a bit of a "hack", I think there could be a more long-term oriented, "cleaner" strategy to provide a clear "incentive framework": creating two new transaction types with even better witness discounts than Segwit-style transactions.

The first type would be for pure financial transactions without OP_RETURN scripts nor any contracts. It would get 4x discount in comparison to today. Maybe even with a privacy mechanism in the style of Monero or Grin.

The second type would be for small data inscriptions with a single OP_RETURN output to up to a few hundreds of bytes, and would get 2x the Segwit-style witness discount. I would prefer 200 bytes instead of 80, or even a bit more, to be able to support at least some of the Ordinal Inscription use cases, without opening to things like JPEGs.

For larger inscriptions, a "data sidechain" could be supported "semi-officially", with a client offering to store inscriptions which are hashed into a small OP_RETURN output, but separately from the main chain. (This could include the "notify and takedown" mechanism I outlined here).

We could allow some more types to be supported by the 2x category, like popular contract types (multisig, atomic swaps/Lightning HTLCs and channel openings etc.). There could be a mechanism similar to "standardness" to enable them for that category.

We would then have a new "minimum fee level" 4 times lower than now, so - always having the current "fee market" in mind - the fee level for the current categories would be moving two "steps" higher for the current transaction types:

- standard non-segwit transactions: paying 8x the new minimum fee
- standard segwit transactions with full contracts, including Ordinals: paying 4x the minimum fee
- new "small data" / limited contract transactions: paying 2x the minimum fee
- simple financial transactions: paying 1x the minimum fee

Ordinals Inscriptions would then, on average, pay approximately 4 times the fees they pay now (with similar network congestion).

This is just a very general idea, which should (from my understanding, please correct if not) be achievable with a soft fork. The advantage is: we would not rule out new contracts and innovation in that field, but make it up to 4x more expensive until it is accepted generally.

I hate to agree with franky but he is right. There are people in this topic and elsewhere that for different reasons refuse to acknowledge the scam nature of this whole thing. Ordinals is not part of or enforced by bitcoin consensus rules or any other consensus rules, it is basically an illusion created and controlled by a centralized authority and is sold to people who are unknowingly attacking bitcoin.

There is no need to have a good idea if someone already believes and believes in Bitcoin, so he can immediately apply Buy the DIP, and HODL to Bitcoin and never think about when to sell it even though when he sells it later it will also determine what the price will be at that time. Sometimes the buyers in the market are not all traders, because there are also those who just buy and then hold it for a time limit that they did not specify at that time. Although the goal of investing in Bitcoin in the long term is to make a profit.

Why would you go through all this hoops of buying fake ID and paying extra for that and PO box when you can probably find perfectly good hardware wallet in your local area or country?

There are official resellers and it would probably be cheaper to go with low cost flight and buy wallet directly in some other country if it's not available in your own.

Paranoid people can always make their own DIY signing devices, from regular devices like RaspberryPi Zero and similar devices.

My previous reply only mention technical inaccuracy though. I didn't assume/accuse you said something "bad" about Ordinal/Casey Rodarmor.

I get your point. But just like pirating, usually it'll turn into cat and mouse problem where government only reduce total hashrate and occasionally temporary disrupt it's service. Besides if that happens on many country, i expect P2Pool could be revived.


Ordinals by itself cannot generate anything. It requires human intervention to put arbitrary data into Bitcoin blockchain using Ordinals protocol.

Probably the question we should be asking is: where is the safest place to buy hardware wallets?

Somewhere where the number of second-hands (which are always risky) are kept to a minimum or not present at all, and where you don't have to give out your personal information when you place an order, and ideally one which lets you buy them in bitcoins. So not (most) manufacturers' websites.

Even though the hardware is the most secure option but sometimes even the software wallet can be used if the funds are now too much. I mean why need cold storage if you can just know how to properly secure your wallet? I am using a desktop wallet and have never been the victim of any hack or something.

You do not download random software, you do not click on the random link, a good anti virus software is installed on your computer, and you do not give your keys to anyone then you are good to go even with the desktop wallet (In case of fewer funds only).

As opposed to arbitrary payment data that is pushed to the blockchain once to stay there forever?
Like all those silly satoshidice bets? Or the transfers of the NFTs? Or all the "test" transactions that people do to feel more secure about the "real" transaction?

In the end nobody can decide what is arbitrary or not. Only fees can. The higher the fees, the higher the barrier for frivolous use, and thus the less arbitrary.

Users will always find a way to relay their txs to miners more than willing to earn those higher fees.
There's nothing you can do to stop that, only try to make it a little less convenient by imposing standard-ness rules. But with high enough fees, there will always be middleman like ordinals.com to make that process as convenient as can be.

If you want less "arbitrary" data, allow all uses of the blockchain to compete and the fees to be raised. Which has to happen anyway if bitcoin is to maintain any long term security.