RT Mechanic #FixTheFilters #300kb (@GrassFedBitcoin)First they came for the non-monetary UTXOs and I did not care because my UTXOs aren't obviously trash all suspiciously sitting just above the dust limit.Then someone suggested doing the same for monetary UTXOs in order to comply with a government blacklist and no one went along with it because Bitcoiners aren't as stupid as Coretards like to pretend they are. ...

RT CoinDesk Podcast Network (@CoinDeskPodcast)New Blockspace Pod: This New Bitcoin Proposal Would Burn Your Bitcoin, in partnership with @blockspace!"Your permissionless network is only as strong as the reprobates that use it, or rather as the rights for the reprobates that use it."We discuss:⚡ CAT burns UTXOs under a specific threshold⚡ 100 million inscriptions are likely junk⚡ Proposal is a soft fork consensus change👇🇨🇦⤵️ 🍕 ...

RT Claire Ostrom (@ostrom72158)After weeks of work, I am finally sharing my BIP draft The Cat: Non-monetary UTXO Cleanup. It is a soft fork proposal focused on preventing and cleaning up non monetary UTXO spam. Please read before commenting. I am seeking serious, critical review.https://t.co/aw6Igl3KR6 ...

RT Satflation⚡ (@satflation)More musings on etching (w/ unspendable UTXOs) vs OP_RETURNtldr: Y’all SURE etching ain’t the way to go??Stupid frog GIF etching80 kB forever82,000 sats fee1,859 UTXOs added forever (330 sats each)613,470 sats deflationhttps://t.co/k3REZhTdpvDumb BIP OP_RETURN44 kB forever97,000 sats fee29 UTXOs spent0 deflationhttps://t.co/zWZDICmuZsLet’s forget the argument that storage in OP_RETURN changes the “purpose” of bitcoin to arbitrary data and that’s very, very bad.I get it, the dumb ...

RT simulxxx: ctv is fine stop larping (@simulxxx)@Excellion @adam3us @stephanlivera @NickSzabo4 @satflation @jabulanijakes @BitMEXResearch you must know that spammers can *always* modify how they inscribe data trivially and in a few minutes with low overheadthe only real solution is to make UTXOs more expensive and to allow financial users to safely share UTXOs using script paths ...

RT ₿itcoinMonk | ₿itcoin Signal (@BitcoinMonk21)Wake up bitcoiners, Run knots!!!This big beautiful consolidation transaction has been in my mempool for the last six blocks and was actually rejected by Foundry USA 3 times, viaBTC, and Binance in favor of a bunch of garbage spam. This is where core 30 is taking us. Core nodes now favor bloating the utxo set over shrinking it.My knotty node has been trying to mine this transaction the entire time but it was displaced by spam that core 30 is optimized for. Why ...

Wallet Support Expansion - Gridplus wallets are expanding support beyond BTC from the UTXO family [1] - The expansion includes every UTXO chain on ShapeShift, such as BCH, DOGE, and LTC [1] - Support will also be added for THORChain, MAYAChain, and COSMOS [1]

RT Satflation⚡ (@satflation)I scrolled by @mononautical post about weird frog gif stored on chain and saw “less than a hundred bucks!”Newbies to spam dynamics like myself may not understand this type of “transaction” burns all outputs, sending UTXOs to unspendable addresses.In other words, it cost a whopping ~$840, once we include the 613,470 sats burned (1,859 outputs of 330 sats). What misleading garbage!The UTXO set is harmed, creating 1,859 outputs that will never be spent.But the spammers get wrecked, ...

Transaction Analysis - A specific on-chain transaction involving a "weird frog gif" cost approximately $840, including the burning of 613.47 thousand sats [1] - The transaction burned 1.859 thousand outputs of 330 sats each, sending UTXOs to unspendable addresses [1] Impact on Bitcoin Network - The burning of UTXOs harms the UTXO set by creating 1.859 thousand outputs that will never be spent [1] - HODLers benefit from a 0.000000029% deflation due to these burns [2] Comparison with OP_RETURN - This type of spam transaction is costly for the perpetrators, unlike OP_RETURN transactions [2] - OP_RETURN allows storing larger images for a lower cost, such as $120, without burning any UTXOs [2]

Tooling & Development - A tool has been developed for @BitcoinLayers that analyzes TxIDs and generates a breakdown of the script used to spend a UTXO [1] - The tool auto-populates a layer's review with a verified script if it's related to a bridge program [1]