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There's a battle raging in 
Bitcoin right now. 

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If you're listening to this, you
may be caught in the middle of 

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it and not even know it. 
I'm curious what your thoughts 

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are on core versus knots. 
Ordinarily I would agree that 

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you can't really spam Bitcoin if
as long as you're paying a fee 

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then it's a transaction. 
But it gets more complicated 

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because Bitcoin Core has 
seemingly started removing 

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roadblocks to spam. 
You may have heard about Bitcoin

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core versus knots, a debate 
that's been gaining traction in 

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the last few months, and this 
battle has many Bitcoin holders 

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worried about the future of what
Bitcoin may be today. 

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I want to break down what that 
debate is from a completely 

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non-technical standpoint. 
I'm not very good at technical 

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stuff. 
And I also want to share some 

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information with you that was 
just revealed that may change 

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the way people use Bitcoin 
forever. 

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Emotions. 
This is beyond Bitcoin. 

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You're not going to want to miss
this one. 

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I don't think people appreciate 
how much they've harmed their 

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own cause on the core side by 
talking to everybody else to by 

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talking down to everybody else. 
You know, and I'm not gonna use 

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the language that's used on the,
on the those spaces in, in those

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discussions. 
But it doesn't. 

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No it it isn't advancing the 
cause of the creating consensus 

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or winning over supporters. 
First off, for those of you who 

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are not familiar, what the heck 
is the knots versus Bitcoin core

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debate? 
Currently, there are two schools

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of thought when it comes to 
Bitcoin. 

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The first being Bitcoin as an 
unsensible medium of information

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exchange and 2nd, Bitcoin is 
money. 

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Period. 
Now, sure, while we all agree 

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that Bitcoin should probably be 
both of these things, this 

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category, the unsensible medium 
of information exchange, comes 

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with the big monkey on its back.
You see the monkey on the back? 

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I sort of put a little JPEG 
there, you know, to illustrate 

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the point. 
Think about it. 

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Since SegWit and Taproot updates
to Bitcoin, other subjects that 

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go way above my head, users have
been able to tie additional data

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to transactions. 
This means that users suddenly 

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had the ability to attach a JPG 
or a note or a GIF. 

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Anyway, you can attach a number 
of different types of data to 

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the blockchain. 
Isn't that like an ordinal or 

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something? 
Yes, it is an ordinary ordinal. 

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O. 
This sarked an entire community 

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that was able to create NFTS 
that were tied to a single set 

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on the blockchain. 
Each ordinal is inscribed into a

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single satoshi on the Bitcoin 
network. 

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That's actually a bit of a 
misnomer because each satoshi 

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already has an ordinal that 
describes its place in the 

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blockchain. 
Now this means that each ordinal

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has a date and a unique 
identifier and the data, whether

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it be an image, a message or 
just gibberish, can be inscribed

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into the data area of the 
satoshi. 

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Now, let me clarify that these 
GIFs, Jpegs, or notes don't 

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exist on the blockchain. 
It's not like minors are 

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stuffing memes into their 
transactions and broadcasting 

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them. 
Rather, it allows an opportunity

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for a user to attach additional 
data to the blockchain, and that

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additional data is then tied to 
one of these NFTS or Jpegs 

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inscriptions on some kind of 
Ordinal Explorer. 

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So you'd have to go to an 
additional website or third 

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party app to be able to actually
see what is inscribed on these 

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sats. 
It's like putting a little tag 

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on a SAT. 
So why am I explaining all this?

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Well, this is what sums up the 
current state of Bitcoin court. 

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Whether you like it or not, the 
sats you save on a daily basis 

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could have graffiti attached to 
them on some kind of third party

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app. 
As you can imagine, this SAT 

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scratch doesn't sit well with 
everyone. 

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In fact, there's an entire 
community that wishes to prune 

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their nodes, which is to only 
allow financial transactions on 

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the Bitcoin blockchain. 
And this is what's referred to 

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as the Knots Camp. 
A valid effort, terrible logo, 

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but this Knots Camp is not going
to recognize your dirty NFTS. 

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Spam is something you don't 
want, right? 

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Like if you make a comparison to
e-mail, what is spam e-mail? 

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It's like unsolicited e-mail 
that just comes to you that you 

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probably don't want, right? 
And I don't think there's a 

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direct one to one comparison for
Bitcoin spam to anything else in

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the world because there's really
nothing else like Bitcoin. 

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So you can't really directly 
compare it to e-mail spam, mail 

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spam, physical mail spam, maybe,
but it's still like not 

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perfectly one to one example. 
But I would say, yes, there is 

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spam. 
And this is a whole other 

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dimension to the whole debate, 
which is some core supporters 

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are saying there's no such thing
as spam because the spammers 

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paid a fee. 
But then going back to the 

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imperfect example, the guy 
that's spamming your e-mail also

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paid for his Internet 
connection. 

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That doesn't necessarily mean 
that you want to get that right.

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Their school of thought is let's
keep the network clean and free 

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of any trashy data. 
And I do mean trashy. 

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So what's the deal? 
Why not just run a version of 

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Bitcoin on your own personal 
node and let bygones be bygones?

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And this is where another 
fracture exists. 

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Because coming in as early as 
this October, there will be a 

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new Bitcoin Core version 
release, version 30. 

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It's coming for you this 
October. 

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Bitcoin version 30. 
Scary. 

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This apparently is a major 
upgrade to the network, where 

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the most significant change is 
the removal of the 80 byte limit

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on off return transactions which
embed data on the blockchain. 

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OK, so you're removing the 80 
byte limit again. 

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What's the big deal? 
What the heck does that mean? 

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Bitcoin Core version 30 is being
released in about a month and in

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this video I'm going to explain 
why I'm not upgrading. 

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The first reason is the 
deprecation of the data carrier 

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size option. 
The argument for deprecation is 

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premised on the idea that this 
particular filter has no effect.

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Though couched in technical 
terms, the argument is 

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ultimately an economic claim 
that unseen effects do not 

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exist. 
The second reason is that data 

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carrier size option now defaults
to 100,000 bytes. 

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The argument for this is based 
on the idea that bumping it to 

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160 bytes would necessitate 
another pull request and if 

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bumped to a number lower than 
100,000, yet another pull 

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request. 
In other words, the decision is 

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based on administrative or 
political reasons and not 

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technical reasons. 
I believe this opens the 

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floodgates way too soon and is 
again premised on an unfounded 

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economic claim. 
The third reason is that the 

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minimum transaction fee has been
changed from 0.1 sets per V 

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byte, down from one set per V 
byte. 

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This is a transaction filter 
that demonstrably prevented 

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Maripool, among others, from 
adding more spam to the 

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blockchain due to orphan risk. 
I believe this to be a 

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completely unnecessary thing for
both the miner and user. 

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The decision to remove the OP 
return size limit has drawn 

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criticism from purists who worry
that it may encourage non 

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financial data or spam to be 
stored on the blockchain, 

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potentially compromising 
Bitcoins identity as a system of

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peer-to-peer electronic cash. 
Now this movement is being 

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steered by Ocean Miner CTO Luke 
Dasher, and he's been adamant 

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about rejecting the new core 
update and having users switch 

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to knots. 
So if you're not an X, this is 

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the real upset right now. 
Do we want Bitcoin to be an 

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unsensible medium of information
exchange, or do we want to limit

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the network to financial 
transactions only? 

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I am interested in this. 
I actually would like to know 

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what you think of the comments 
below. 

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Even though most of you are not 
spammers, aren't you spamming my

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comments with your Nazi stuff? 
This has caused somewhat of a 

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bifurcation in the community, 
where accounts are slinging 

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memes and slangs at each other, 
all of which are offering up 

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their two sets and reasons why 
to stick to core or ditch it for

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knots. 
Don't you just love when someone

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who's completely unqualified to 
talk about a subject makes a 

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video about it on YouTube? 
By the way, knots and core 

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aside, are you prepared for a 
major event or crisis that can 

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affect more than just your bank 
account? 

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SAT 123.com has a lineup of 
tools, satellite phones, 

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portable hotspots, power kits 
and Faraday bags that keep you 

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online and communicating when 
everything else goes dark. 

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And if you go to sat123.com 
right now and you put the promo 

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code simply, you get 15% off 
your purchase. 

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Keep your sovereignty and your 
signal in a time of crisis. 

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thatssat123.com Now there's 
another account that you may not

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have heard of that is milking 
this debate for some great 

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comedy, and that's the Bitcoin 
Bugle. 

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The one piece of advice that I 
do have in this episode, you got

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to follow these guys. 
You got to follow the bugle. 

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Richard Greaser and Rod Palmer 
have. 

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Richard Greaser and Rod Palmer 
have their finger on the pulse 

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of what's going on in the 
Bitcoin community. 

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And the same time they are 
managed to troll it like nobody 

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else can do. 
The Bugle offers insights and 

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actually great technical 
perspectives on this whole 

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debate, and they do it with 
satire. 

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See if I can handle this guys. 
If you see this, I love what 

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you're doing. 
Continue. 

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Thank you very much. 
On a recent recording of the 

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Bitcoin Bugle podcast, Rod 
Palmer walked a very thin line 

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between trolling and truth, and 
he called out the entire 

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situation. 
Listen here. 

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Let's be clear. 
Can we, can we be adults? 

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Can we cut the LARP? 
OK, many influencers are bad 

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actors. 
Not all of them, but many. 

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There are countless plaids and 
everyday Bitcoiners who are 

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caught up in this because 
they're worried. 

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And some are genuinely scared. 
They are scared for Bitcoin. 

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They are scared for the security
of their savings. 

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They're scared of how the 
government, the state might 

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react to policies pushed by core
developers. 

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And they are, some of them. 
And they don't listen to Bitcoin

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podcasts, clearly. 
But that fear because the trust 

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has been shredded across 
society. 

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People don't trust neighbors, Co
workers or even their own family

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members. 
Republicans don't even trust 

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anymore. 
Think about that for a second. 

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Republicans, they don't even 
trust anymore. 

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00:10:07,080 --> 00:10:10,120
Don't take that for granted. 
It's not just a joke. 

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This has serious ramifications. 
They don't trust the 

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institutions that used to be the
scaffolding of civil life. 

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Credentials are the glue. 
Because we live in a low trust 

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society and there's no going 
back. 

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Shout out to Satoshi. 
Great foresight by the way. 

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You know, don't trust verify. 
Used to be a meme on Twitter and

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a catch phrase on podcast. 
Still is for a lot of people. 

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It was rhetorical candy. 
Cute, performative, harmless was

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not optional anymore. 
We cannot blindly trust anyone, 

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not even Cordets. 
Now, I encourage you to check 

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00:10:48,440 --> 00:10:51,400
out the entire clip LinkedIn the
description below. 

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00:10:51,520 --> 00:10:54,400
Very thoughtful words from an 
otherwise satirist account, but 

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00:10:54,400 --> 00:10:56,680
I can't sign off yet without 
covering a bit of new 

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information that was released by
Luke Dasher back in September 

206
00:11:00,320 --> 00:11:02,720
25th. 
Remember, he's the CTO of Ocean 

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00:11:02,720 --> 00:11:05,000
Mining and he's pushing people 
towards Knots. 

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00:11:05,360 --> 00:11:08,080
Apparently he had an exchange 
with a journalist who goes by 

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the pseudonym Lola Leets where 
he explicitly says in that text 

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thread that he intends to fork 
Bitcoin. 

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What do you mean fork Bitcoin? 
What the fork does that mean? 

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Now, this leak has been met with
some backlash in defense of 

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Luke. 
Now let me reiterate. 

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Knots is about Bitcoin as money.
Period. 

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00:11:26,040 --> 00:11:29,520
The key aspect of the Knots 
movement centers around filters.

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Knots nodes have a special 
configuration to filter 

217
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transactions, and again, Knots 
nodes do not relay transactions 

218
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with inscriptions or spam. 
But once they are mined and 

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confirmed, Knots nodes still 
validate and confirm blocks. 

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This is a policy change as 
opposed to a consensus change. 

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If the consensus was changed by 
knots, the blocks with spam 

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would be considered invalid and 
ultimately there would be a 

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00:11:53,480 --> 00:11:56,680
chain split hard fork. 
And this is what Luke is 

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00:11:56,680 --> 00:11:59,840
referring to in his text thread.
To add to that, the core version

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00:11:59,840 --> 00:12:02,120
30 controversy is about opera 
turn. 

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00:12:02,440 --> 00:12:05,320
But the reason this is so 
controversial is because any 

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00:12:05,320 --> 00:12:08,640
spam or graffiti in the opera 
turn cannot be pruned by nodes 

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00:12:08,640 --> 00:12:10,480
like ordinals. 
Inscriptions can. 

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Ordinals are stored in the 
witness data part of a block, 

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which is segregated from the 
actual transaction data. 

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Segregated witness? 
Oh yeah, Segue, A prune node is 

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one that only stores the 
transaction data and not the 

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witness data since the witness 
data is not required to validate

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transactions back to the genesis
block. 

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So here's the real question. 
How does this all affect you? 

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Well, I'm not here to advise on 
the what you should do. 

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At the end of the day, this is 
simply Bitcoin and that would be

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00:12:39,920 --> 00:12:44,040
simply irresponsible. 
But I will leave you with this. 

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Here's another audio clip from 
Rod Palmer in that address that 

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he makes to his audience that 
really hits home. 

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Equine Core is not an exclusive 
cabal of C++ coders. 

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Equine Core is not shinobi. 
It's not Gloria, it's not Greg 

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00:13:00,200 --> 00:13:02,320
Maxwell. 
It's not Peter Wheel. 

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00:13:02,520 --> 00:13:06,080
It's not Adam Back or Luke 
Junior standing alone at that 

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altar. 
Equine Core is an institution. 

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Like the education system, like 
the healthcare system, like the 

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criminal justice system. 
It is a story, a mental model 

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people use to reach consensus. 
It's a process for resolving 

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autistic, pedantic technical 
conflicts. 

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And like many institutions and 
institutions in terminal 

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decline, Equine Core is taking a
legitimacy hit as the bigger 

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00:13:39,240 --> 00:13:41,800
quote UN quote vibe shift plays 
out. 

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You know it. 
We're in the fourth turning. 

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00:13:47,040 --> 00:13:51,400
Whatever you want to call it, at
the end of the day, the story, 

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the end of the story has not 
been written. 

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It is uncertain, and uncertainty
makes people fearful, and fear 

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00:13:58,560 --> 00:14:03,480
is a fertile ground. 
And the bad actors, mostly on 

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00:14:03,480 --> 00:14:07,680
the knot side, are harvesting 
that beer like it's crop season.

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00:14:09,240 --> 00:14:13,720
And like, listen, those who have
built their reputations inside 

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00:14:13,880 --> 00:14:15,720
it. 
Coin Core's institutional 

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00:14:15,720 --> 00:14:19,280
framework will fight tooth and 
nail to defend it. 

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00:14:19,440 --> 00:14:24,400
That is predictable, I get it. 
But the hallmark of a frightened

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00:14:24,840 --> 00:14:31,120
Plaid is this fear of the state.
They believe it. 

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00:14:31,120 --> 00:14:36,600
Coin Core can no longer shield 
them, can no longer be trusted 

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00:14:36,760 --> 00:14:42,080
to shepherd this project for 
them, so they are in search of a

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00:14:42,080 --> 00:14:46,280
new priesthood to protect them. 
Here's the rub. 

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00:14:46,800 --> 00:14:51,560
Many influencers would rather 
pick fights with Bitcoiners than

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00:14:51,560 --> 00:14:54,200
with the state because it's a 
hell of a lot easier. 

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00:14:55,280 --> 00:14:59,200
They'd rather cash in on your 
fear than confront the real 

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00:14:59,200 --> 00:15:03,080
threat. 
They want you scared because 

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00:15:03,080 --> 00:15:07,000
they're selling solutions. 
They're selling node hardware, 

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00:15:07,680 --> 00:15:12,720
mining software, premium 
newsletters, all kinds of 

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00:15:12,720 --> 00:15:15,240
content. 
And if they're not taking your 

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00:15:15,240 --> 00:15:18,600
money directly, they're still 
selling your attention. 

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00:15:18,680 --> 00:15:22,560
Attention is a currency. 
It costs your time, your sats, 

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00:15:22,840 --> 00:15:25,520
and your anxiety. 
Now if you want to support 

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00:15:25,520 --> 00:15:28,480
bitcoins resilience and earn 
sats along the way, check out 

278
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SAS mining.com. 
SAS mining.com offers Bitcoin 

279
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mining as a service. 
You own the rigs and they host 

280
00:15:35,080 --> 00:15:38,440
and manage in renewable power 
sites and your mind Bitcoin goes

281
00:15:38,440 --> 00:15:40,880
straight to your wallet. 
It's non custodial. 

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00:15:41,360 --> 00:15:44,080
It's the clean way for creators 
and small businesses to plug 

283
00:15:44,080 --> 00:15:46,880
into the network. 
If you go to sasmini.com right 

284
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now and you put the promo code 
in simply Bitcoin, you'll get 

285
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$100 off your first rig. 
Book a call with one of their 

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expert team members and start 
mining today. 

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00:15:53,960 --> 00:15:56,560
SAS mining.com. 
Thank you so much for watching 

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00:15:56,560 --> 00:15:58,720
this episode. 
I hope I was able to convey some

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00:15:58,720 --> 00:16:01,000
sort of information to you. 
If you like what you've seen, 

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00:16:01,000 --> 00:16:03,360
you want to see more, make sure 
you hit that like button below. 

291
00:16:03,360 --> 00:16:05,800
Or you can subscribe to the 
simply Bitcoin channel for more 

292
00:16:05,920 --> 00:16:08,120
content like this. 
We're coming out with it every 

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00:16:08,120 --> 00:16:10,280
single day. 
Also, do not forget to hit that 

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00:16:10,280 --> 00:16:12,320
notification bell. 
I'm oceans. 

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00:16:12,320 --> 00:16:14,320
This is beyond Bitcoin. 
Until next time.