This nicely sums up the growing support for knots and now bip-110. Core has made an aggressive move to increase the value of blockspace at the expense of native token ₿ which derives its value from being perfect money.
Blockspace, like cloud storage is proving to be less and less valuable. Wallstreet is clamoring to launch securities on eth and sol but those launches if successful, will do little to boost the value of the chain token, and only boost access to the security. Those chains are inefficient data infrastructure, not money.
If the native token continues to be valued by an increasing number of users workdwide, blockspace becomes more competitive on L1. I find it hilarious that many of the small blockers who are gladhanding themselves for being right in the blockspace wars are not claiming that the capped op return/no inscriptions crowd are the dangerous change agents in Bitcoin.
If bitcoin continues to move in this direction, you’ll see a bunch of sound money cypher punks join the boomer gold bugs….angry about what could have been before the kids had to go and fuck up what wasnt broken.
“Intellectual handwaving”, its and IQ test, you wouldnt understand…..fuck off. My money, my node, the ruleset I choose, and if enough people agree tbe longest chain wins.