I haven’t engaged in the BIP-110 war, mainly because it reminds me of the block size wars (a massive driver in me selling my XX BTC then) and evokes a bit of a trauma response Justin nails it (as usual). It’s a significant reason I’ve been so much more bearish/cautious and sold 50% of my BTC at 80k (obviously my macro outlook informed a significant portion too) I legitimately cannot understand the counter argument When I first heard of BTC (sometime circa 2011), it was via an obscure anarchist blogspot that was championing this new decentralized, permission-less *money* A money that the government could not control. They couldn’t print more, they couldn’t decide who owns it and they couldn’t decide who gets to transact with it What the fuck are we even doing these days? Seriously guys… People I thought were hardcore Bitcoin maxis have turned into Saylor maxis Now all we talk about is perpetual preferreds. Multiple to NAV. USD reserves. How to sell BTC to support dollar-denominated liabilities. We have some ugly bastardization of Bitcoin now. Some version where the primary conversation *isnt even NGU*, but some financial engineering of some spook’s dying software business- not actual Bitcoin: The fuck you, fuck your printing, fuck your centralized control— MONEY I want that back. Give me that back and I’ll get a lot more bullish