Bitcoin Audible

Chat_154 - Unpacking "The Cat" with the Shitcoin Insider

12 snips
Dec 19, 2025
In this chat, Shitcoin Insider (JC), a savvy Bitcoin commentator and analyst, unpacks the controversial CAT proposal. They dive into the implications of spam on the Bitcoin protocol and question if fungibility can survive market changes. JC argues that freezing spendability would devastate ordinal markets, while discussing censorship and governance within the ecosystem. The conversation meanders through AI's role in creativity and the importance of open debate, all while critiquing developer influence and the social dynamics at play in crypto communities.
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INSIGHT

Market Attack Instead Of Opcode Ban

  • The CAT targets the market for ordinals rather than blocking opcodes or data writes on-chain.
  • It marks UTXOs used as permanent data and makes them non-spendable to destroy market trust and incentives.
INSIGHT

Classify UTXOs As Non-Monetary

  • The CAT uses ordinal wallet rules to classify UTXOs as non-monetary and then prevents spending of those sats.
  • It aims to render NFTs unsellable while remaining technically permissive about creating them.
INSIGHT

Ordinal UTXOs Dominate Dust Counts

  • Ordinal-related UTXOs are huge in number and data size, comprising roughly 40% of some node UTXO snapshots.
  • Most of these outputs are tiny dust outputs (under ~546 sats) making them ideal CAT targets.
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