Martin Habovstiak

“the thing was like, you know, probably everyone heard about the BIP 110 discussion and people were making various really weird claims around it. And one of those claims was that the data in the transaction, like if it's contiguous, then there could be legal issues stemming from it. And I thought that this is really a weird argument because like if you are some sort of criminal that splits your files into different chunks, then of course you wouldn't be deemed not guilty just because you split the files. That doesn't make any sense.”

“There is no way it can do that. There will always be many ways of doing it. It's funny because the first programming project for Bitcoin that I ever made that had anything to do with Bitcoin was specifically to steganographically put messages into the Bitcoin blockchain as a series of valid and they are not even fake, like completely valid addresses that you have private keys to so you can spend from them. So it's absolutely indistinguishable. And without the knowledge where to find it, nobody can find it.”

“Recently, I have calculated that the transaction I put into the Bitcoin chain costed me 9 million times more than monthly subscription to a cloud service I pay for.”

“If the data is in between, then this is super harmful for network because the public key gets stored into the UTXO set. And this can never be pruned from the node, ever. Because if someone did prune it, that could become a huge chain split or network split. So people would see different versions of transactions. And this would be completely catastrophic and kill Bitcoin, basically, probably.”

“if you are using some alternative opcode. So let's say hypothetically, even if BIP 110 were to be activated on the heaviest chain, and it was, you know, everyone was using Bitcoin with BIP 110, spammers who want to economize on their cost could use an alternate inscription method, and they would be only paying 0.4% more. It's actually a bit less than that, but let's say 0.4%. Right, so listen, think about that. Do you believe that if someone is spamming the chain today, that you are going to deter that person by making them pay 0.4% more?”

“And what happens if Lightning Network breaks? All the coffee transactions suddenly go to the chain. Suddenly you have like maybe thousand times, 10,000 times more spam in the chain from the transactions that would have otherwise been on Lightning. So like, you know, like the biggest optimization and the biggest anti-spam. That's a funny thing. Like Lightning Network is the biggest anti-spam technology in Bitcoin, because like if you are putting stuff on like, if you are transacting over Lightning Network is so much cheaper that then it makes economic sense to pay higher fees on the channel opening and closing transactions, and those can then drive out the spam.”

“I think Shesic ran the number. He actually ran the numbers. I've posted this. I've been sharing it as well for people. He ran the numbers on what difference did Taproot make. And that number is like 12%. Okay, so basically, even without Taproot, you're paying 12% more. And even without the current inscription envelope, people are just going to be paying 0.4% more. So even if we took away Taproot, we took away Op-Eve. You're forcing the spammers to pay 12.4% more. Is that really going to move the needle?”

“if we want to decrease spam, then the only option is to decrease the block size. I wouldn't decrease the witness discount that some people proposed because the witness discount is still important to avoid people from making too many outputs. It might make sense to reduce the segment discount if combined with something like cross-input signature aggregation or something else.”

“if you are willing to change your node, because you fear that the government will persecute you for storing illegal content, you will be willing to change your node, because you are fearing government persecuting you for enforcing 21 million Bitcoins kept. If the government says, okay, whoever runs Bitcoin node, which enforces the 21 million kept will be jailed. So either run our hard fork that removes the kept or go to jail. What will you do? Based on the current situation, there will be IPv110. Supporters will probably change their node.”