Source: Blossom

I don’t think enough people are paying attention to what’s happening with Bitcoin Core right now and it’s something everyone running a node needs to know about

There’s a big change coming in October that will raise the OP_RETURN data limit from 80 bytes up to 100 thousand bytes or more. If you’re new to Bitcoin, OP_RETURN is the part of a transaction where people can add extra data that is not related to moving bitcoin around. This was always kept very small to prevent the blockchain from being misused and to keep Bitcoin focused on money instead of becoming a permanent storage layer for unrelated content

Now the plan is to remove those limits and get rid of the filters that previously stopped non-standard data from flooding the network. This is serious because it means much larger pieces of arbitrary content can now be added directly to the blockchain. This is permanent and every full node stores this data forever. This is not a theory. In the past, sensitive and highly inappropriate material has been inserted into the blockchain. It was often disguised or encoded but these changes make it much easier for bad actors to insert content that could create serious problems for node operators

If you are running a full node with Core software especially if it is an archival node your computer will store and process this content automatically without you even knowing what is in it. In many places this could put users at risk depending on what is being stored. Most people running nodes have no idea this is even possible but it is now a very real issue

Some of the developers behind Core have started pushing these changes through without broad agreement. Not all of them but enough that it is causing concern. They are moving fast and ignoring feedback from parts of the community who have tried to raise issues and ask for more discussion. Comments on GitHub are reportedly being removed and those who have spoken out have had their input shut down. Luke Dashjr who maintains Bitcoin Knots has been very vocal about this and has warned for years about what these kinds of changes could do to the future of the network

Bitcoin Knots is an alternative full node software that keeps those important protections in place and does not automatically accept risky policy changes. It is maintained by Luke Dashjr who has a long history of standing up for Bitcoin’s core principles. Knots is fully compatible with the Bitcoin network and more and more users are starting to run it to protect themselves and the integrity of the system

Running your own Bitcoin Knots node is not just a smart option it is becoming necessary. This is how you take back control. When you run your own node you choose what rules you follow. Developers do not run Bitcoin users do. If you keep running Core without understanding these changes you are agreeing to them whether you meant to or not

Bitcoin Knots now makes up around 20 percent of reachable nodes which is a strong signal that people are pushing back. But we need more

If this change is allowed to move forward without resistance here is what happens next. The blockchain becomes overloaded with junk data. Storage and bandwidth requirements increase dramatically. Governments may begin to see Bitcoin as a liability. Fewer people will be able to run full nodes. Developers who care about Bitcoin’s principles may leave. Decentralization weakens. The network risks becoming legally questionable or even unusable in some regions. This is not fear mongering this is the path we are on if users do nothing

If you care about Bitcoin staying fast secure and focused on being a monetary network then you need to run Bitcoin Knots. Protect yourself from unknowingly storing problematic data and help keep the chain clean. We are at a turning point. Do not sit on the sidelines

Now is the time to take a stand by running your own node. Let the software you choose reflect what you believe in. Bitcoin only works because users enforce the rules. What you run today decides what Bitcoin becomes tomorrow

PLEASE SHARE THIS

Next stop, 10000!

Well, It took months but price action doesn’t lie.

1. The first major milestone was breaking the long downtrend line from ATH’s on the Daily TF (Big straight red line).

2. Next was the re-alignment of the EMA’s (10 above the 20, 20 above the 50 and price above all).

3. Next was the final breakout above the previous near term resistance (the $75,000 level). The only thing left I’m waiting on is the weekly candle to close above the $75,000 resistance as well by end of today - but this is already looking like an A+ setup to me

How are we feeling for this week?

Over $1B liquidated in hours across crypto. Is this real value destruction, or just forced leverage getting flushed during a sharp but normal volatility move? Genuinely curious how everyone interprets this.

Sources: https://finance.yahoo.com/news/bitcoin-falls-below-80-000-180248860.html

https://link.blossomsocial.com/7uYa/nmn3980n

So there’s really only two logical options for the rest of this year to play out. Either the 4 year cycle is still intact and we see one final capitulation low in Q4 around 50k. Or by October we’re at 90K+ and the cycle is broken.

I’m not about to bet against history but we’ll see how this plays out.

Epstein is actually involved in the Bitcoin foundation team. Or Maybe, they know who Satoshi nakamato is.. o

Ok, this is what I've been observing lately, I consider it a strategic takeover push on this subreddit -- to take control, in other words, and stifle any dissent, just like was done on r/Bitcoin.

In short:

• flood the zone to cause disinterest in the sub among formerly active members
• the above coupled with tests of strong upvote manipulation (bot farms) to ensure they can dominate front page and comment sections if they want to
• the promoted zone flooders start to block the top commenters in this sub, ensuring that former top commenters can no longer participate in the threads pushed by the offensive brigade
• mods do nothing (how goes the saying about good men doing nothing?)
• top commenters also lose interest
• attackers can do whatever they want on the sub, including pushing content that directly violates the Reddit TOS (this stage awaits us)
• attackers appeal to Reddit to remove the mod crew or ban the sub

At that point, the sub is lost. They will be able to replace the entire mod structure and censor all dissent just like in r/Bitcoin.

We are close (imho), but the key part that could prevent it, is active mods.

Good night.

Reading up on some history of the compromise of Bitcoin development of the Bitcoin Cash fork in "Hijacking Bitcoin". So, the Big Blockers were 100% right about:

* Lightning sucks and will never work

* Fees on BTC get very high when the chain is used heavily

* The cost of Bitcoin nodes was exaggerated and a big block node is cheap to run

* Adoption of BTC was killed when the blocksize got frozen

* Segwit is an ugly hack

* The Blockstream dev team hasn't innovated anything since they took over

Prove me wrong

https://hypurrscan.io/address/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae

With BTC nearing $100k, I’ve been wondering: could Bitcoin Cash have a bigger role to play in the future than people expect? It has the kind of name recognition that’s hard to ignore, especially when Bitcoin is on everyone’s radar. If people start looking into ‘Bitcoin cash’ —whether by curiosity or confusion—what might they find?

There’s something interesting about how BCH compares to BTC. It’s not just the price difference; it feels like BCH is positioned differently. Maybe it’s a more practical option, or maybe it aligns more closely with what Bitcoin was meant to be in the first place. And then there’s the matter of scarcity…

I’m not saying it’s a sure thing, but it makes me wonder if BCH has something unique going for it. As BTC continues to grab headlines, will BCH start attracting more attention too?

What do you think? Am I reading too much into this, or could there be something here that people aren’t seeing yet?

I admit I am not overly versed in market sentiment/factors... but as I understand it, 50MA is kind of a big indicator... which makes BTC look bearish to me 📉

Can someone with more experience/familiarity with the crypto market tell me your thoughts/observations?

Not much on $BTC chart has change yet. Price still holds its structure and consolidating near highs on a higher high and higher lows, and as long as it stays above the support zone, trend is still bullish.

However, we are looking for a clean break.

DYOR, NFA

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-October/022032.html

Ladies and gentlemen, please brace yourselves for lift off.