Rug The Matrix | meow | SoonToBeRentingXBT/s
Joined December 2025
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XBT Optimist #AbolishStratumV1 retweeted
High time preference: Get all you can get while you can get it.
Low time preference: Help build something so your grandchildren will prosper.
XBT Optimist #AbolishStratumV1 retweeted
The chances of recapturing the spamchain and restoring it to Bitcoin's original purpose are far lower than the chances of BLAKE2b Bitcoin succeeding.
BIP-110 supporters who want to “continue fighting” on the CSAM chain need to understand this.
XBT Optimist #AbolishStratumV1 retweeted
During the altcoin-scam years, “we’re all on the same team against fiat” became such a cliché that Bitcoiners learned to treat the phrase as an attack.
And for good reason.
Yet all of these remain true:
1) Satoshi opened a Pandora’s box
2) The idea is here to stay
3) No one can stop it from respawning in various forms
4) Most respawns will be scams
5) A few won’t be
6) One of them will kill fiat
Some will use the immaculate-conception argument against this. But remember: soft forks and hard forks are a part of that immaculate conception.
If they weren’t, then the immaculate conception ended in 2011.
XBT Optimist #AbolishStratumV1 retweeted
Do realize that Bpedo (or Corecoin, or whatever you want to call it) is _exactly_ what "Segwit2X" and BCash would have looked like if the miners went along with them.
It is in fact a contentious hardfork attempt. Are you just going to give in? Or stay on Bitcoin and fight?
XBT Optimist #AbolishStratumV1 retweeted
Technically the BIP110 chain forked at 961631, since non-BIP110 produces more blocks.
But as I see it: an obvious, uncomplicated UASF that removed attack vectors was ignored by every major pool wo/ URSF, not even the effort. They just threw max HR/s at that height. They forked.
XBT Optimist #AbolishStratumV1 retweeted
I have two pieces from post announcement of the algo.
"In this time, the most precious substance in the universe is the spice Melange. The spice extends life. The spice expands consciousness. The spice is vital to space travel."
- Irulan
XBT Optimist #AbolishStratumV1 retweeted
The miners didn’t just ignore BIP-110.
They publicly demonstrated that node consensus is optional when money is on the line.
What’s running on the heaviest chain now isn’t Bitcoin.
It’s a permissioned database with a marketing department.
XBT Optimist #AbolishStratumV1 retweeted
So here's the plan for selecting Bitcoin's new PoW algorithm:
Nobody knows the new algorithm right now, and nobody will until we all know at the same moment.
At 14:00 UTC August 11th, we will begin watching Bitcoin's Testnet4 chain for new blocks.
The very next block found, look at the block hash.
The last character will choose the new algorithm.
(Note that testnet4 blocks are typically timestamped wrong!)
As soon as I see that block, I will reveal the mapping showing which algorithm that character represents.
Throughout the last 24+ hours, the community has discussed and made a short list of candidate algorithms.
I compiled that list into a weighted (according to their suitability) set of options for the mapping list.
You can prove I didn't rig it, by SHA256 hashing the mapping text file.
It will match 71a7960874f3352f4ba600ce67bd6f8e96702565abea93021fa86349d99a45e8
XBT Optimist #AbolishStratumV1 retweeted
Bitcoin was dealt a serious blow on 8/8 2026. It hurts because we know what was at stake, and what this means. It hurts because most of our enemies are too stupid and ignorant to understand they're rooting against themselves. It hurts because the suits don't care about bitcoin, and never did, and now we know this without a doubt. It hurts because the influencer class betrayed us, and bitcoin. And they were not as smart as we thought. Or they thought.
Sip the whiskey, fire the joint, hit the heavy bag. But then get back here and look at what happened with clear head and eyes. We only fail when we fail to learn from our mistakes.
For what it's worth, here's what I think about the current state of bitcoin:
- Bitcoin is a captured project and we were too late in reacting. We don't know the precise structure of the capture, but it's clear that Core, Strategy (Saylor), Bailey, most of the big mining pools, and a number of other key figures are part of it.
- Miners were almost certainly coached through this via backchannels. All the people wanting to "bet" in prediction markets knew something we didn't.
- Many influencers showed their true colors, possibly also backchanneled, especially ones changing their tune suddenly, without good reason, and without any willingness or ability to engage in debate over the actual principles.
- None of the arguments made by Core proponents and BIP-110 opponents made any sense and still don't. Some of it is stupidity. Some of it tribalism. Some of it is by anti-bitcoiners. But there is a weight in the space that we can't see, except by its gravitational influence. It has warped a great many minds around it. We don't need to know what it is to know it exists.
- The main chain is unsalvageable. Let the suits and scammers and spammers have it. It will turn into etherium and become irrelevant. Not tonight, but eventually. We are early. We are few.
- We are not so few. 20% of the network went all in. It grew from 0% on the principles and merits despite overwhelming opposition from nearly every imaginable corner and entity. That's how we know it got where it did on merit. This wasn't David vs Goliath. This was David vs a legion of Goliaths. And yet, we nearly won. Perhaps if we'd had more time. Perhaps if just a few influences hadn't turned their backs on us. Maybe if Saylor hadn't been quite so evil. We'll never know how close we came.
- I would rather start fresh on a clean coin with the 20% of you who went all in on this than remain with the 80% on the cucked coin. One of you is worth a 100 of them. I believe if we did this, we would eventually outgrow them, the same way we grew support for BIP-110: on the strength of the principles and merits.
The mission hasn't changed. We still need to fix the money. Satoshi almost one-shot this whole thing from nothing. But the one thing he didn't foresee was the corruption of the developers.
We know this can work. We almost got there. I have taken the orange pill and I can't go back inside the fiat matrix now. Let's regroup and figure this out while there's still so many of us riled up. Sulk today, but sober up tomorrow, and lets get back to work.
LFG
XBT Optimist #AbolishStratumV1 retweeted
The legacy chain is, by definition, a shitcoin.
And they’re afraid of the coming PoW change.
The whitepaper uses the word “honest” 16 times.
Satoshi explicitly assumes that honest CPU power controls the majority of the network.
“As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network…”
and later:
“The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.”
If that assumption fails, Satoshi’s security model no longer holds.
PoW doesn’t make miners honest. It determines which valid chain has the greatest accumulated computational work.
Bitcoin’s security model depends on the majority of that computational power being controlled by participants who follow the consensus rules.
But this isn’t some grand conspiracy.
It’s a game-theoretic outcome of FIAT-incentives that have accumulated over time. BIP-110 is a diagnosis, and arguably one of the clearest demonstrations we’ve had of how difficult Bitcoin’s decentralization problem actually is.
But the results are hard to ignore. Bitcoin’s mining ecosystem is heavily centralized. Anyone paying attention can see it.
A PoW reset could therefore be viewed not merely as a technical change, but as a potential decentralization reset: changing the mining equilibrium, lowering accumulated advantages, and creating an opportunity to distribute block-production power more broadly.
That doesn’t magically create decentralization. It creates a new starting point from which decentralization can be rebuilt.
And if two chains ultimately survive, the game changes.
Initially, the incumbent has powerful network effects: liquidity, exchanges, infrastructure, wallets, developers, capital and institutional recognition.
But if an alternative chain survives long enough and develops meaningful economic activity, the problem becomes a coordination game.
Which chain is Bitcoin?
Exchanges have to decide. Businesses have to decide. Developers have to decide. Users have to decide. Miners have to decide.
The alternative chain doesn’t automatically win.
But its continued survival makes it much harder to treat “Bitcoin” as an uncontested label controlled by one chain.
And this is precisely why a persistent split could become so disruptive: legitimacy ultimately has to be coordinated around, not simply declared.
And to be clear: BIP-110ers don’t hate anyone.
We genuinely want Bitcoin to win, for everyone.
XBT Optimist #AbolishStratumV1 retweeted
The Bitcoin network is being attacked by several large mining pools. Let's hold the line until they explain the reason for their attack, or until they switch to mining the Bitcoin (BIP-110 ) chain.
XBT Optimist #AbolishStratumV1 retweeted
The Bitcoin network is currently under attack from malicious miners:
@AntPoolofficial, @FoundryServices, @F2Pool, @OfficialPoolin, @ViaBTC, #SecPool, #BtcDotCom, @SimpleMiningio, ...
XBT Optimist #AbolishStratumV1 retweeted
Well, @AntPoolofficial has the distinction of mining the first Bitcoin Cash block in 2017 AND they just mined the first Bitcoin Cache block in 2026. Congrats on both!
XBT Optimist #AbolishStratumV1 retweeted
The mask is completely off.
We now see the true state of Bitcoin: the corporate capture, the institutional greed, and the miner collusion. The enemies of decentralized money have finally shown their faces.
The war to restore Bitcoin as sovereign money has officially begun. From here on out, the pleb fight back will be relentless. LFG! #Bitcoin
