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At this rate, every cab driver will have his own Bitcoin Holding Company
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Its actually the P2P network that is filtered out, by MARA slipstream (and direct submission and private mempools). Today, MARA will "pre-announce" the next block, for free. This is useful. But they could (theoretically) charge $ for that service. And then Luke would be saying that Mara should pay him [ and each of his nodes] -- but he would be wrong. It is the full nodes which need the mempool of the mining nodes (to save on bandwidth)
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Yet another reason why Luke is wrong: Luke claims that for any node to *wait* to upgrade to the latest version, is a "failure of Bitcoin". And -- to *wait* to upgrade to the latest soft fork, is a colossal failure, and "regression to SPV". However: 1) every node is a full node of itself, but it is also equal to "SPV mode" of an infinity of closely-related protocols. These may not be used by anyone, but they still exist theoretically. For example, Bitcoin Core v 25 is a full node of itself, but an SPV node of a hypothetical soft fork (of 25) where we always reject a block if the last 4 bytes are 1234 + the versionbits end in 5678 2) Every full node, is **using SPV** on the question: will this block be orphaned ? There is NO way to KNOW the answer to that question using just your node. The ONLY source of illumination, on this question, is to do what spv nodes do: wait for more block headers to roll in, count them, and hope for the best. So: the "heaviest chain" rule -- is a rule that is only enforced at SPV level. Even the full nodes only enforce it at SPV security. And so -- Luke's nightmare scenario, --which he aims to prevent via his theory that we must all run the latest version, etc-- that bad outcome is actually the one we are all permanently stuck in, forever. It is inexorably linked to proof-of-work itself.
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I propose a new BIP, to limit spam. - reduce max block size from 4 MB to 400 KB - retain all conversions between bytes, vbytes, weight etc Since I already have BIPs 300 and 301 I humbly request this as "BIP 302"
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Every day we waste on op return is further proof that BTC is doomed
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Bitcoin Core might be dead. It isn't about OP RETURN per se -- it is about *the reaction* to OP RETURN. The mob justice. It seems to me, that you can't get anything useful done under these conditions. OP RETURN is a very small fry -- very very small. So -- what does it mean, for Core to be dead? In the short run, I don't know. In the long run, miners will run the software that **maximizes their revenue**. The devs of **that software** will obviously allow all OP RETURN sizes, sorting them by fee. People who care about DoS protection (or something else), might run different nodes (or no node at all). If they try to reject a *valid*, block that is accepted by 51% hashrate -- then they are hardforking off the network, like BCH. Empty threat.
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