interesting, what makes you think that adding more room for spam in op_return will stop them from using the cheaper witness data?

btw, the "bloat" is currently 11gb. so not a big deal in my opinion as people start to switch from 1tb harddrive to 2tb for storage.

Funny that "PR" also refers to "public relations". Since it appears the technical team incompetently solicited feedback from people at my level, the only healthy response to be expected is NACK and the solution should be rewritten at a later date.

You are also setting a cultural policy of encouraging this behavior.

Even if technically beneficial I continue to oppose it on cultural and political grounds. At this time, going forward with this MERGE means bitcoin-core endorsement of the forthcoming "built on bitcoin" shitcoins

how did I send you 1 satoshi just now?

genius

great totally yes so let's help these people get what they want

so everyone should use 546 sats as the new base unit. good logic

please explain how allowing these fiat snake oil salesmen to store more data cheaply in op_return stops them from also bloating with witness data?

go there and do it then

they exist on higher levels. if you are arguing that way, then currently the base unit is 546 Satoshi and anything smaller than that does not exist. please keep showing everyone how much smarter you are.

big evidence is literally the world around you brother. how did it come to exist?

old project

3 million satoshi block reward is $300,000 when Bitcoin price is $10M ($210T market cap)

Last few blocks paid that same amount in fiat.

(Assume human-advancement future where electricity cost continues to be deflationary keeping up with fiat debasement)

0.03 in 20-30 years should buy you similar amounts of electricity that 3.125 btc does today.

Or are you getting a cut of this sweet sweet poison fiat?

FUCK OFF COMMIE YOU MOVE THERE AND HELP THEM BUILD HUTS

Miracle/magic/big bang/quantum mechanics

Midwit Semantics

God is the truth and the evidence for him is all around us. I will pray for you.

""Currently, one bitcoin is made up of 100 million tiny pieces called “base units” or satoshis, which cannot be divided further. ""

WTF is this shitcoiner sludge brain disinfo FUD garbage?

We can split satoshis up into trillions if we want.

mSats are already in use on lightning network

btw, the FLD chart is here: https://bitcointreasuries.net/entities/fold-inc-ftac-emerald-acquisition-corp

The "bitcoin holding price" of FLD stock (1.0 mNAV) is currently $2.95 Current FLD price of $3.96 = 1.34 mNAV

So yeah it could get worse. Especially when you look at the largest US miner MARA which is sitting at 1.09 mNAV (all its mining equipment is not even worth barely over the value of its bitcoin? might be some debt problems involved here) NOT FINANCIAL ADVICE

I now stay away from Wall St bitcoin miners personally. Get a Bitaxe for yourself and solo mine instead.

REMEMBER THAT COMPANIES CAN PRINT AS MANY SHARES AS THEY WANT OR MESS UP AND RUIN THEMSELVES AND YOU ALONG WITH THEM. YOU ARE PUTTING YOUR MONEY INTO THE CONTROL OF SOMEONE ELSE. COMPANIES ARE NOT LIKE BITCOIN.

But don't feel bad, I bought some GRIID (GRDI) when Ten31 (Matt and Marty from rabbit hole recap) dumped that VC on retail and it crashed hard then it was sold off to Cleanspark.

DO NOT TRUST BITCOINERS. Verify everything.
Don't trust anyone except Jesus Christ. God Bless

Ok so first off even Mike Saylor says you should just buy bitcoin in self-custody, stocks are for wall st gamblers and money changers. But IF you have some reason that you have money LOCKED up in wall st (like a 401k, not robinhood) where you cannot remove it and buy real bitcoin with---

Then you should understand what is going on with these "bitcoin companies" before you play the casino game. NOT FINANCIAL ADVICE.

Let's break it down into some "math", with a couple examples after:

"Sats per share": Total Bitcoins held outright / (divided by) Total shares outstanding

"Bitcoin company value": (Total bitcoins held outright / Shares outstanding) + premium

"bitcoin company premium": The value of the company perceived by the market that exists separate to its holdings of bitcoin.

This "premium" can be referenced by another metric on bitcointreasuries.net: "mNAV" For example daddy MSTR currently sits at 1.885x over the value of it's bitcoin, showing that the market is bullish on it's ability to acquire additional bitcoin. You can also use this metric as a warning for reversals, for example the peak mNAV reached last year was 3.3 which flashed the peak price $437 of MSTR in November 2024. The "sats per share" at that point was about 160,000, while today with the stock price at $350, the sats per share is 200,000. MSTR has continued acquiring bitcoin while the stock price has declined, setting it up for another potential run up past 2.0 mNAV if market conditions allow.

What causes a change in mNAV? The company taking actions like buying bitcoin or issuing (printing) more shares. + You and me figuring this out and making bets about what we think it is going to be in the future by trading the stock.

Look through the charts after clicking on each company name. https://bitcointreasuries.net/entities/microstrategy

Now example of CEP/XXI:

XXI says they are currently at 11,783 satoshi per share

This is based on 31,500 bitcoin, divided by 267.32 million shares.

Now, if you apply the above principles you would input the current price of bitcoin to get the expected share price. bitcoin = 95,000 267.32M shares of company with 31,500 btc = $11.19 (1.0 mNAV)

But wait, there's more:

ALWAYS READ THE ACTUAL SEC FILINGS. These are legal disclosures required by US Jurisdiction and are arguably the reason why the world considers the US Stock Market to be "safe". If you don't read the real legal documents yourself, you will be lead to the slaughter.

First thing to investigate is WHAT VALUE these "CEP" shares are going to be. The disclosure says 1 to 1 with XXI. QUOTE: "continuing as the surviving entity (the “SPAC Merger”), and with Company shareholders receiving one share of Pubco Class A common stock for each Class A ordinary share"

Also important this document we can see that there is a scheme involving Tether to acquire an additional 10,500 bitcoin, so the total bitcoin at merger time (creating the entity XXI as a public company) will be exactly 42,000 bitcoin.

QUOTE: "Tether has also agreed to purchase additional Bitcoin that it will sell at the closing to Pubco for additional shares of Pubco in an amount equal to 10,500 less any Bitcoin contributed by Equity PIPE Investors (as defined below),"

What this means TO ME is that the new company XXI will have 42,000 bitcoin 267.32M regular stock bitcoin price = $93k

Our equation can be updated as such: (bitcoin) 42k * (bitcoin price) $93k = $3.9 Billion company marketcap / 267.32M (shares) = (stock price, mNAV 1.0) $14.61

Now what if just maybe Wall st took 2 days to decide that the mNAV "PREMIUM" should be exactly the same as MSTR at 1.8x ?

= $26.30 CEP current price