Bitcoin Not Crypto This is a legitimate threat to Bitcoin | Spam wars with Bitcoin Mechanic.
May 4, 2025
In this insightful discussion, Bitcoin Mechanic, a Bitcoin advocate and YouTuber, shares his expertise on Bitcoin technology and culture. He dives into the tensions within the Bitcoin community regarding technical changes and the implications of NFTs on the blockchain. The conversation highlights the resilience of Bitcoin against spam attacks and the importance of maintaining core values as transaction dynamics evolve. Mechanic also emphasizes the critical role of Bitcoin Core in ensuring network stability and the challenges posed by large mining pools.
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Bitcoin's Core Purpose Is Money
- Bitcoin's core purpose is money, not arbitrary data storage or complex applications.
- Altering the fixed supply or core rules shows arrogance and risks undermining trust and value.
Spam Storage Methods and Risks
- Spam uses three data storage methods in Bitcoin: inscriptions hack, op return, and fake pub keys.
- Removing filters to accommodate spammers risks damaging Bitcoin’s integrity and bloating the UTXO set.
Maintain Vigilant Spam Filtering
- Node filters protect from spam by rejecting non-financial junk transactions before mining.
- Constantly update spam filters vigilantly to prevent irreversible cultural and technical degradation.