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[@stephanlivera](/creator/twitter/stephanlivera)
"I'm with Vijay sure goldbugs are having their fun now but Bitcoin will continue to grow in adoption"  
[X Link](https://x.com/stephanlivera/status/1979148599096209409) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T11:32Z 189.2K followers, 18.6K engagements


"Plebsteria X. People are being whipped up into a hysteria about things that were already possible (even pre Core v30) X. People are being given an unrealistic idea of what they can do to fight spammers Now some of the pied pipers of the Knots/filter camp people like @GrassFedBitcoin and @mattkratter - to their credit they're VERY effective at riling up the plebs to be angry. It's not all bots and sybil nodes etc you should not discount how many actual people are riled up on this (at a guess at least a few thousand people who are extremely loud and emotionally engaged on this topic). But the"  
[X Link](https://x.com/stephanlivera/status/1979836406227706188) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T09:05Z 189.2K followers, 80.9K engagements


"@ArgenTo46 I guess we can't go back now but maybe it would have been nice if we could have gotten segwit in 2017 WITHOUT a block size increase"  
[X Link](https://x.com/stephanlivera/status/1979838856934695302) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T09:15Z 189.2K followers, 1652 engagements


"Sponsor: @coinkite make the best bitcoin security hardware such as the @coldcardwallet - X secure elements NFC microSD with security features ranging from passphrases to multi sig support. Use code LIVERA for XX% discount on Coldcard Q"  
[X Link](https://x.com/stephanlivera/status/1979239151061942393) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T17:32Z 189.2K followers, 5307 engagements


"Sorry Max but this is flat out factually incorrect on point X - if the whole block was made up of OP RETURN it'd be max 1MB instead of the theoretical 4MB max size block. Not an increase. Another example of how misleading the narratives have been on this spam/filter question"  
[X Link](https://x.com/stephanlivera/status/1979847241142538366) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T09:49Z 189.2K followers, 14.9K engagements


"Bitcoin Treasury company equities are down from their high and they're in a bit of a lull but I'm still medium to long term bullish. People seem to think of them as just "insiders dumping on or extracting from retail" but I believe there's a fundamental business model here (borrow fiat cheaply at say XX% or less buy bitcoin growing at say 30-35%/year on power law trajectory). Big public treasury co's can do things that we as individuals can't they can operate at a bigger scale they can have their stock included in indexes they can more easily issue and sell special kinds of debt and equity"  
[X Link](https://x.com/stephanlivera/status/1975805582775841081) [@stephanlivera](/creator/x/stephanlivera) 2025-10-08T06:08Z 189.2K followers, 18.1K engagements


"Why aren't some people doing self custody with NVK SLP694 @NVK of @coinkite rejoins me to explore why some people are not using self custody spending policies on Coldcard the bitcoin treasury company phenomenon and his thoughts on bitcoin implementations Core Knots and otherwise. (00:00) - Intro (00:41) - What are Coldcard spending policies How is it useful (05:19) - Why arent companies using self-custody (07:58) - Operational difficulties in accounting & taxation of Bitcoin (10:29) - BTCTCs and custody; Role of custodians in Bitcoin treasury management (15:51) - How many BTCTCs will we have"  
[X Link](https://x.com/stephanlivera/status/1977598799347331188) [@stephanlivera](/creator/x/stephanlivera) 2025-10-13T04:54Z 189.1K followers, 5454 engagements


"I don't think this is reflecting how things are: - XXX KB inscriptions are already standard and were already being relayed on most of the network (even pre v30). - OP RETURN does not receive the segwit discount so if the whole block was made up of them it'd actually be smaller (1MB limit instead of the 4MB theoretical limit). So the bloat argument isn't clear. - I don't believe it's accurate to frame this as "effing around with bitcoin" there are legitimate technical reasons to attempt to maintain network decentralisation e.g. compact blocks correcting a policy malincentive on creating"  
[X Link](https://x.com/stephanlivera/status/1979008730864681065) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T02:17Z 189.1K followers, XXX engagements


""That means issuing X% preferred shares would create the same long term effect as issuing new equity today at an mNAV level of 8.6x. In simple terms preferred shares make it possible to expand Bitcoin holdings without dilution and grow bitcoin per share irrespective of mNAV.""  
[X Link](https://x.com/stephanlivera/status/1979039916458750445) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T04:20Z 189.1K followers, 28.2K engagements


"@klos I'm a fan of power law so yes I do believe bitcoin CAGR is in that range over the next XX years"  
[X Link](https://x.com/stephanlivera/status/1979046574417162660) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T04:47Z 189.1K followers, XXX engagements


"Well I haven't been in the flat-out denial of filters camp I think it's more just a nuanced 'nudge' effect or slight deterrence. The question is more like how MUCH is it deterring and are the negative side effects worth it. I think it's not really deterring much and the negative side effects are not worth it"  
[X Link](https://x.com/stephanlivera/status/1979090681118298405) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T07:42Z 189.1K followers, XXX engagements


"@Du_Bi_Bo @LibreHans Its not giving up on common sense. Bitcoin is not going to end up as a spam bucket so long as we actually use it for monetary transactions"  
[X Link](https://x.com/stephanlivera/status/1979097247603138619) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T08:08Z 189.1K followers, XXX engagements


"@lowstrife I view it like they are in effect borrowing against their coins (but via preferred shares). So as long as the fiat borrow cost is less than bitcoin CAGR that's a good business model"  
[X Link](https://x.com/stephanlivera/status/1979185097996714454) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T13:57Z 189.1K followers, XXX engagements


"@lowstrife Sure common ATM is one tool in the toolbox but also selling new pref shares no That's another way to get fiat to pay earlier pref share investors"  
[X Link](https://x.com/stephanlivera/status/1979187436212334639) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T14:07Z 189.2K followers, XXX engagements


"@MajorianBTC But you aren't greatly mitigating this spam. Even with 90%+ of nodes it wouldn't work"  
[X Link](https://x.com/stephanlivera/status/1979196510287073383) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T14:43Z 189.1K followers, XXX engagements


"@LukeDashjr @kyletorpey The state (or many states around the world) are unlikely to care about 'the correct way' to interpret things. If they want you they'll get you somehow some way"  
[X Link](https://x.com/stephanlivera/status/1979255719057650131) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T18:38Z 189.2K followers, 3032 engagements


"@Richard_Lee_BA Ran my first bitcoin node in 2013 if you actually want to know"  
[X Link](https://x.com/stephanlivera/status/1979266681055908083) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T19:22Z 189.2K followers, XXX engagements


"@BitcoinMaxiHodl Best of luck with the move and hope to see you around maybe at a conference or something"  
[X Link](https://x.com/stephanlivera/status/1980088998803734592) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T01:49Z 189.2K followers, 1426 engagements


"@shocknet_justin Luke was expressing support for a ZK verify op code which I'm sure a lot of the bitcoin conservatives would strongly resist. Bit ironic"  
[X Link](https://x.com/stephanlivera/status/1979928266526880065) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T15:10Z 189.2K followers, XXX engagements


"Good example by waxwing on lightning "spam" and submarine swaps. Obviously I don't view lightning as spam but it's instructive to think about isn't it The overall post is well worth a read"  
[X Link](https://x.com/stephanlivera/status/1980095108990312862) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T02:13Z 189.2K followers, 44.1K engagements


"People are slowly updating their opinion on bitcoin. It's interesting to see the shift in mindset over time"  
[X Link](https://x.com/stephanlivera/status/1979394623530504634) [@stephanlivera](/creator/x/stephanlivera) 2025-10-18T03:50Z 189.2K followers, 58.2K engagements


"Motivated reasoning. Overall risk seems overblown. IIUC OP RETURN has been in bitcoin since the first release and though it was not standard until 2014 it was valid in blocks up to about X MB. How is anyone going to argue "the client resisted arbitrary data" when it accepted up to 1MB as consensus valid from the early days of bitcoin Just seems like you guys are hellbent on grinding your spam axe to find a (new) issue vs what risks already exist"  
[X Link](https://x.com/stephanlivera/status/1979984382879252702) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T18:53Z 189.2K followers, XX engagements


"In the narrow specific case it's because they would rather spammers put their data in the 'garbage bin' (OP RETURN) than make fake utxos. It also has to do with how some of the bitvm roll ups do their fraud response stuff. Antoine explains in this stack exchange answer if you're interested in the rationale"  
[X Link](https://x.com/stephanlivera/status/1980107443507241257) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T03:02Z 189.2K followers, XXX engagements


"@LukeDashjr @cguida6 I don't think so the percolation threshold I've seen people discuss is about XX% for spammers. And that's not even accounting for librerelay. I think in practice librerelay just makes a lot of this discussion pointless"  
[X Link](https://x.com/stephanlivera/status/1979609073810112805) [@stephanlivera](/creator/x/stephanlivera) 2025-10-18T18:02Z 189.2K followers, XXX engagements


"@Cipherhoodlum No Max is one who made a misleading or wrong claim you're just talking about a different thing. Re read his OP which says "increasing blocksize""  
[X Link](https://x.com/stephanlivera/status/1979890052881870918) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T12:39Z 189.2K followers, XXX engagements


"@oomahq @wyatt_earp "it's the only method explicitly created for the insertion of arbitrary data" You really think that the police or the courts care about data in OP RETURN but not in inscriptions Ridiculously arbitrary hair splitting / false dichotomy"  
[X Link](https://x.com/stephanlivera/status/1979972576291000530) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T18:07Z 189.2K followers, XXX engagements


"Nah I think they have addressed the possibility of fake pubkeys being used or at least it was implicit in their conversations in typical dev places - like ML Delving bitcoin stack exchange github comments etc. As far as 'bad possibilities' I think the simple reality is that a lot of those things were possible since day X and there's nothing that can be done to stop it. It might be an unsatisfying answer but I don't view v30 as somehow increasing the risk. I still don't see how a 400KB inscription is OK (relayed by most of the network pre v30) but a 100KB OP RETURN is not. It's arbitrary hair"  
[X Link](https://x.com/stephanlivera/status/1980154037346484615) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T06:08Z 189.2K followers, XX engagements


"@zachherbert No way I was a SW and bip47 user myself back then"  
[X Link](https://x.com/stephanlivera/status/1980232159286923676) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T11:18Z 189.2K followers, XXX engagements


"Sudden drops in Bitcoin test your mettle. Earn your stripes and learn to HODL"  
[X Link](https://x.com/stephanlivera/status/1977036168270430698) [@stephanlivera](/creator/x/stephanlivera) 2025-10-11T15:38Z 189.2K followers, 5425 engagements


"On one hand AI will be deflationary and bring down the costs to produce goods and services. On the other hand that growth deflation will get sucked up by the state with taxes and debasement"  
[X Link](https://x.com/stephanlivera/status/1978128818045895013) [@stephanlivera](/creator/x/stephanlivera) 2025-10-14T16:00Z 189.2K followers, 4199 engagements


"@EvermoreSats I don't claim to be a chad 😀"  
[X Link](https://x.com/stephanlivera/status/1979152558963790104) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T11:48Z 189.2K followers, XXX engagements


"@cguida6 They're not taking over bitcoin this is just ridiculous over statement"  
[X Link](https://x.com/stephanlivera/status/1979174210774630759) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T13:14Z 189.2K followers, 1259 engagements


"I'm out on phone but a few quick ideas X. We haven't made massive architectural changes to how bitcoin works it's still a utxo model no crazy things like PoS no move fast and break things etc X. Shitcoiners are capitulating and coming to use bitcoin they are using Bitcoin script X. Could argue that shitcoiners are paying our miners all other things equal it's making it more costly for someone to XX% attack us etc. maybe a marginal effect admittedly. Fundamentally bitcoin is growing in adoption over time yes there are bull/bear seasons but it grows on average. I'm not so concerned like you are"  
[X Link](https://x.com/stephanlivera/status/1979181207431844045) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T13:42Z 189.2K followers, XXX engagements


"@14g23h34 I did not take the COVID vax and ever since 2020/2021 I'm a full on anti vaxxer. So this criticism hardly applies to me fwiw"  
[X Link](https://x.com/stephanlivera/status/1979181603952771417) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T13:44Z 189.2K followers, XXX engagements


"@MajorianBTC Maybe you're attempting to draft other people into an unwinnable war tho. Or a war where it'd be a pyrrhic victory at best"  
[X Link](https://x.com/stephanlivera/status/1979193822656762127) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T14:32Z 189.2K followers, XXX engagements


"Catch the show here: Spotify: Site: Rumble: YT:"  
[X Link](https://x.com/stephanlivera/status/1979239153230385613) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T17:32Z 189.2K followers, 3026 engagements


"@LukeDashjr No you're distracting/deflecting here. Kyle understood the argument and restated it correctly here"  
[X Link](https://x.com/stephanlivera/status/1979245435228176755) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T17:57Z 189.2K followers, 1204 engagements


"@Jethroe111 This you"  
[X Link](https://x.com/stephanlivera/status/1979247908026245597) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T18:07Z 189.2K followers, XXX engagements


"@MajorianBTC Yea but the reason for not having a lot of large OP RETURNS could also just be: 1) There was little demand for it 2) spammers who aren't as time-sensitive can use inscription envelope with a discount"  
[X Link](https://x.com/stephanlivera/status/1979252708973453593) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T18:26Z 189.2K followers, XX engagements


"I've been saying for a while the $1M in 2024 or 2025 predictions were/are way way overhyped. Just check power law charts for a more realistic baseline of where things are going and be ready for bull/bear seasons on the way"  
[X Link](https://x.com/stephanlivera/status/1979267445069123838) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T19:25Z 189.2K followers, 16.8K engagements


"@Conza Who made you the sole arbiter of Bitcoin's quality as money Other people see it differently - whether that's the infeasibility of blocking inscriptions the impact to things like block propagation compact blocks policy malincentives etc"  
[X Link](https://x.com/stephanlivera/status/1979280535722631564) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T20:17Z 189.2K followers, XXX engagements


"@StackSatsIO You still didn't answer the question all you have at this point is some kind of weird threat that I should agree with you because it'll get me more downloads. I already told you I'm not solely focused on getting max downloads"  
[X Link](https://x.com/stephanlivera/status/1979392920701833217) [@stephanlivera](/creator/x/stephanlivera) 2025-10-18T03:43Z 189.2K followers, XXX engagements


"@StackSatsIO Oh and re Oranje it's only just launched publicly about a week ago and the sector is down overall. I'm still a believer in the business model: borrow fiat and buy bitcoin. I believe it'll come back even stronger just needs some time to work"  
[X Link](https://x.com/stephanlivera/status/1979393466573705257) [@stephanlivera](/creator/x/stephanlivera) 2025-10-18T03:45Z 189.2K followers, XXX engagements


"@ozsats256 @StackSatsIO I believe it'll take time but they will eventually prove out as a business model that works while fiat credit is cheap enough. Likely winner takes most but room for multiple companies"  
[X Link](https://x.com/stephanlivera/status/1979397457969844415) [@stephanlivera](/creator/x/stephanlivera) 2025-10-18T04:01Z 189.2K followers, XX engagements


"@StackSatsIO You're upset and you're in an echo chamber. Here I'm cited by one of the most influential people in bitcoin (whether you like him or not) as literally the second person/podcast that comes to mind on his listening playlist"  
[X Link](https://x.com/stephanlivera/status/1979407511678783638) [@stephanlivera](/creator/x/stephanlivera) 2025-10-18T04:41Z 189.2K followers, XXX engagements


"@cguida6 @LukeDashjr Nah I think you're wishcasting here"  
[X Link](https://x.com/stephanlivera/status/1979592212989329517) [@stephanlivera](/creator/x/stephanlivera) 2025-10-18T16:55Z 189.2K followers, XXX engagements


"@cguida6 Even with buying and withdrawing from exchanges that contributes to on chain demand. But 'we' (as an ecosystem) seem to suck at motivating even that"  
[X Link](https://x.com/stephanlivera/status/1979948023229640845) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T16:29Z 189.2K followers, XXX engagements


"You're posting a cherrypicked time when it was really bad in 2023. It's nowhere near that level now. See Bull Bitcoin fee multiple or the current mempool space screenshot. And as I said even just the proverbial 'DCA army' regularly buying and withdrawing from the exchange would contribute to on chain demand. No Keynesianism required"  
[X Link](https://x.com/stephanlivera/status/1979950386661503015) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T16:38Z 189.2K followers, XXX engagements


"re: chilling effect yes and no. To some extent people pushed off to using say Liquid-based wallets. But ultimately even withdrawing larger amounts to main chain bitcoin would contribute to on chain volume as in the DCA-and-withdraw case. re: bitVM bridges sure some of them might seem shitcoiny but as I understand they are also attempting monetary scaling and also financial things like lending/borrowing (along with some shitcoiny or NFT aspects). So I view it as a mixed bag there. To the extent that they're enabling monetary scaling I don't view that as spam just as I don't view lightning"  
[X Link](https://x.com/stephanlivera/status/1979956797592285645) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T17:04Z 189.2K followers, XXX engagements


"@roryhighside @wyatt_earp @oomahq Whether you like libre relay or not it exists and is being used now. The 'tolerant minority' are pushing thru what they want at the policy level. The question as I posed in my OP of this thread is what % of hashrate do you believe will filter out the spam Be realistic"  
[X Link](https://x.com/stephanlivera/status/1980122787948941582) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T04:03Z 189.2K followers, XXX engagements


"@roryhighside @wyatt_earp @oomahq I asked you about spam i.e. inscriptions and brc-20 and stamps not csam. The csam thing has always been a risk even pre v30. And it's also ridiculous to assert that somehow a 400KB inscription is ok but a 100KB op return is not"  
[X Link](https://x.com/stephanlivera/status/1980132947257946256) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T04:44Z 189.2K followers, XXX engagements


"At this point the chad move is to not care about spam on bitcoin. Just stack sats and live your life"  
[X Link](https://x.com/stephanlivera/status/1979049690361450932) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T04:59Z 189.2K followers, 68.5K engagements


"It's not "I like vanilla ice cream you like chocolate ice cream we can both enjoy our separate preferences" with these filter people anyway. They will get very angry that you don't believe in the same filters they do or if you have a different assessment of the risks"  
[X Link](https://x.com/stephanlivera/status/1979050356194603382) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T05:02Z 189.2K followers, 11.5K engagements


"Sovereign Individuals Spend & Replace Bitcoin with Andr Loja SLP695 @andreloja joins me to discuss how @FREEMadeiraOrg is driving Bitcoin adoption through education local merchants and community. We also explore how the @BasaltoFund lets investors gain residency in Portugal while investing in Bitcoin. (00:00) - Intro (01:54) - What is Free Madeira (08:11) - Has Bitcoin adoption attracted people to visit Madeira (15:07) - The experience of earning & spending Bitcoin on the island (17:43) - What is Sovereign Engineering (24:08) - Andrs business ventures in Madeira (28:36) - HODL only or Spend &"  
[X Link](https://x.com/stephanlivera/status/1979239145982824567) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T17:32Z 189.2K followers, 24.9K engagements


"@LukeDashjr @kyletorpey How do you square that with this Can't have it both ways. You're shouting that Core v30 is the end but at the same time trying to argue that you aren't also pushing for people to do your chosen filtering"  
[X Link](https://x.com/stephanlivera/status/1979247248375423357) [@stephanlivera](/creator/x/stephanlivera) 2025-10-17T18:04Z 189.2K followers, XXX engagements


"@PraveenPerera @LukeDashjr @cguida6 Inscriptions are different to OP RETURN though. At least in 2023 and for much of 2024 the spammers had a thriving market going for it"  
[X Link](https://x.com/stephanlivera/status/1979609787936440806) [@stephanlivera](/creator/x/stephanlivera) 2025-10-18T18:05Z 189.2K followers, XXX engagements


"@LukeDashjr @cguida6 We're back to wishcasting / denouncing here. OK I get you view it as an attack that's not going to stop them using it IMO. As for garbageman stopping them again doubtful"  
[X Link](https://x.com/stephanlivera/status/1979611067287486764) [@stephanlivera](/creator/x/stephanlivera) 2025-10-18T18:10Z 189.2K followers, 1735 engagements


"I remember when it was much more common to do on-chain commerce with Bitcoin. So much of that volume must have now been taken off chain with lightning (admittedly much of it custodial). But also the consumer payment expectation rose dramatically. People really want fast and convenient nowadays. If it's not comparable to tapping a card or phone they don't want it. Bitcoin doesn't exist in a vacuum there are things changing around it"  
[X Link](https://x.com/stephanlivera/status/1979841590391689227) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T09:26Z 189.2K followers, 7690 engagements


"@oomahq Nah it's more like what can you actually enforce vs what you can't enforce. Obviously the choices matter in aggregate"  
[X Link](https://x.com/stephanlivera/status/1979863563352342878) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T10:53Z 189.2K followers, XXX engagements


"@cguida6 Well earn it too"  
[X Link](https://x.com/stephanlivera/status/1979946610231517317) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T16:23Z 189.2K followers, XXX engagements


"@wyatt_earp It's not enough friction. Can you answer the question: what % of mining hashrate do you believe can be convinced to filter out spam"  
[X Link](https://x.com/stephanlivera/status/1979961327754866830) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T17:22Z 189.2K followers, XXX engagements


"@wyatt_earp @oomahq"  
[X Link](https://x.com/stephanlivera/status/1979963116361248970) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T17:29Z 189.2K followers, XXX engagements


"@beeforbacon1 Perhaps that PL was able to do income or other checks"  
[X Link](https://x.com/stephanlivera/status/1979967315878785196) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T17:46Z 189.2K followers, XXX engagements


"@oomahq @wyatt_earp Put it this way I don't think your "tricking the interpreter" defence is going to matter. They will not sit there with a serious face and go "oh you had illegal data in an INSCRIPTION ah that's OK carry on then""  
[X Link](https://x.com/stephanlivera/status/1979986729000902732) [@stephanlivera](/creator/x/stephanlivera) 2025-10-19T19:03Z 189.2K followers, XX engagements


"@MIC_btc It is money"  
[X Link](https://x.com/stephanlivera/status/1980089349367791694) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T01:51Z 189.2K followers, XX engagements


"@zachherbert For me JPEGS and BRC-20 are spam. The other stuff is more debatable. But I'm also not in the filter camp"  
[X Link](https://x.com/stephanlivera/status/1980093346275320310) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T02:06Z 189.2K followers, XXX engagements


"@mattkratter X. No it didn't X. You didn't answer the question about spam more broadly though things like inscriptions and brc-20 Re XX byte soft fork don't know I'd have to research it more"  
[X Link](https://x.com/stephanlivera/status/1980096789622730948) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T02:20Z 189.2K followers, 1555 engagements


"Bitcoin gives you direct access"  
[X Link](https://x.com/stephanlivera/status/1980142029649895679) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T05:20Z 189.2K followers, 8397 engagements


"Yea but maybe you're ignoring that things about the network have shifted. e.g. 'tolerant minority' and librerelay have made it so that relay filtering is less effective. As for your question about what if people don't reduce their abuse of fakepubkeys yes that is certainly possible. Nobody is saying we're guaranteed to have less utxo spam it's only a possibility"  
[X Link](https://x.com/stephanlivera/status/1980150053500051575) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T05:52Z 189.2K followers, XXX engagements


"@ap_hanley @zachherbert Well to be fair nowadays I think silent payments is better but just needs a bit more adoption. As for lightning it's part of the system being a bitcoin layer X rather than having dependence on the cloud. Similarly with the zk rollup bridges citrea alpen and others"  
[X Link](https://x.com/stephanlivera/status/1980245139994837370) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T12:10Z 189.2K followers, XX engagements


"Hmm I could be wrong but as I understand it's part of the challenge response protocol for them. So it is required for the bitvm bridge to work in a X of n honesty trust model. Anyway I don't see SW bip47 notif tx or tx0 as spam it was around and used fair bit nobody was calling it spam back then to my knowledge (maybe Luke but few others)"  
[X Link](https://x.com/stephanlivera/status/1980253737894777016) [@stephanlivera](/creator/x/stephanlivera) 2025-10-20T12:44Z 189.2K followers, XX engagements

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

@stephanlivera "I'm with Vijay sure goldbugs are having their fun now but Bitcoin will continue to grow in adoption"
X Link @stephanlivera 2025-10-17T11:32Z 189.2K followers, 18.6K engagements

"Plebsteria X. People are being whipped up into a hysteria about things that were already possible (even pre Core v30) X. People are being given an unrealistic idea of what they can do to fight spammers Now some of the pied pipers of the Knots/filter camp people like @GrassFedBitcoin and @mattkratter - to their credit they're VERY effective at riling up the plebs to be angry. It's not all bots and sybil nodes etc you should not discount how many actual people are riled up on this (at a guess at least a few thousand people who are extremely loud and emotionally engaged on this topic). But the"
X Link @stephanlivera 2025-10-19T09:05Z 189.2K followers, 80.9K engagements

"@ArgenTo46 I guess we can't go back now but maybe it would have been nice if we could have gotten segwit in 2017 WITHOUT a block size increase"
X Link @stephanlivera 2025-10-19T09:15Z 189.2K followers, 1652 engagements

"Sponsor: @coinkite make the best bitcoin security hardware such as the @coldcardwallet - X secure elements NFC microSD with security features ranging from passphrases to multi sig support. Use code LIVERA for XX% discount on Coldcard Q"
X Link @stephanlivera 2025-10-17T17:32Z 189.2K followers, 5307 engagements

"Sorry Max but this is flat out factually incorrect on point X - if the whole block was made up of OP RETURN it'd be max 1MB instead of the theoretical 4MB max size block. Not an increase. Another example of how misleading the narratives have been on this spam/filter question"
X Link @stephanlivera 2025-10-19T09:49Z 189.2K followers, 14.9K engagements

"Bitcoin Treasury company equities are down from their high and they're in a bit of a lull but I'm still medium to long term bullish. People seem to think of them as just "insiders dumping on or extracting from retail" but I believe there's a fundamental business model here (borrow fiat cheaply at say XX% or less buy bitcoin growing at say 30-35%/year on power law trajectory). Big public treasury co's can do things that we as individuals can't they can operate at a bigger scale they can have their stock included in indexes they can more easily issue and sell special kinds of debt and equity"
X Link @stephanlivera 2025-10-08T06:08Z 189.2K followers, 18.1K engagements

"Why aren't some people doing self custody with NVK SLP694 @NVK of @coinkite rejoins me to explore why some people are not using self custody spending policies on Coldcard the bitcoin treasury company phenomenon and his thoughts on bitcoin implementations Core Knots and otherwise. (00:00) - Intro (00:41) - What are Coldcard spending policies How is it useful (05:19) - Why arent companies using self-custody (07:58) - Operational difficulties in accounting & taxation of Bitcoin (10:29) - BTCTCs and custody; Role of custodians in Bitcoin treasury management (15:51) - How many BTCTCs will we have"
X Link @stephanlivera 2025-10-13T04:54Z 189.1K followers, 5454 engagements

"I don't think this is reflecting how things are: - XXX KB inscriptions are already standard and were already being relayed on most of the network (even pre v30). - OP RETURN does not receive the segwit discount so if the whole block was made up of them it'd actually be smaller (1MB limit instead of the 4MB theoretical limit). So the bloat argument isn't clear. - I don't believe it's accurate to frame this as "effing around with bitcoin" there are legitimate technical reasons to attempt to maintain network decentralisation e.g. compact blocks correcting a policy malincentive on creating"
X Link @stephanlivera 2025-10-17T02:17Z 189.1K followers, XXX engagements

""That means issuing X% preferred shares would create the same long term effect as issuing new equity today at an mNAV level of 8.6x. In simple terms preferred shares make it possible to expand Bitcoin holdings without dilution and grow bitcoin per share irrespective of mNAV.""
X Link @stephanlivera 2025-10-17T04:20Z 189.1K followers, 28.2K engagements

"@klos I'm a fan of power law so yes I do believe bitcoin CAGR is in that range over the next XX years"
X Link @stephanlivera 2025-10-17T04:47Z 189.1K followers, XXX engagements

"Well I haven't been in the flat-out denial of filters camp I think it's more just a nuanced 'nudge' effect or slight deterrence. The question is more like how MUCH is it deterring and are the negative side effects worth it. I think it's not really deterring much and the negative side effects are not worth it"
X Link @stephanlivera 2025-10-17T07:42Z 189.1K followers, XXX engagements

"@Du_Bi_Bo @LibreHans Its not giving up on common sense. Bitcoin is not going to end up as a spam bucket so long as we actually use it for monetary transactions"
X Link @stephanlivera 2025-10-17T08:08Z 189.1K followers, XXX engagements

"@lowstrife I view it like they are in effect borrowing against their coins (but via preferred shares). So as long as the fiat borrow cost is less than bitcoin CAGR that's a good business model"
X Link @stephanlivera 2025-10-17T13:57Z 189.1K followers, XXX engagements

"@lowstrife Sure common ATM is one tool in the toolbox but also selling new pref shares no That's another way to get fiat to pay earlier pref share investors"
X Link @stephanlivera 2025-10-17T14:07Z 189.2K followers, XXX engagements

"@MajorianBTC But you aren't greatly mitigating this spam. Even with 90%+ of nodes it wouldn't work"
X Link @stephanlivera 2025-10-17T14:43Z 189.1K followers, XXX engagements

"@LukeDashjr @kyletorpey The state (or many states around the world) are unlikely to care about 'the correct way' to interpret things. If they want you they'll get you somehow some way"
X Link @stephanlivera 2025-10-17T18:38Z 189.2K followers, 3032 engagements

"@Richard_Lee_BA Ran my first bitcoin node in 2013 if you actually want to know"
X Link @stephanlivera 2025-10-17T19:22Z 189.2K followers, XXX engagements

"@BitcoinMaxiHodl Best of luck with the move and hope to see you around maybe at a conference or something"
X Link @stephanlivera 2025-10-20T01:49Z 189.2K followers, 1426 engagements

"@shocknet_justin Luke was expressing support for a ZK verify op code which I'm sure a lot of the bitcoin conservatives would strongly resist. Bit ironic"
X Link @stephanlivera 2025-10-19T15:10Z 189.2K followers, XXX engagements

"Good example by waxwing on lightning "spam" and submarine swaps. Obviously I don't view lightning as spam but it's instructive to think about isn't it The overall post is well worth a read"
X Link @stephanlivera 2025-10-20T02:13Z 189.2K followers, 44.1K engagements

"People are slowly updating their opinion on bitcoin. It's interesting to see the shift in mindset over time"
X Link @stephanlivera 2025-10-18T03:50Z 189.2K followers, 58.2K engagements

"Motivated reasoning. Overall risk seems overblown. IIUC OP RETURN has been in bitcoin since the first release and though it was not standard until 2014 it was valid in blocks up to about X MB. How is anyone going to argue "the client resisted arbitrary data" when it accepted up to 1MB as consensus valid from the early days of bitcoin Just seems like you guys are hellbent on grinding your spam axe to find a (new) issue vs what risks already exist"
X Link @stephanlivera 2025-10-19T18:53Z 189.2K followers, XX engagements

"In the narrow specific case it's because they would rather spammers put their data in the 'garbage bin' (OP RETURN) than make fake utxos. It also has to do with how some of the bitvm roll ups do their fraud response stuff. Antoine explains in this stack exchange answer if you're interested in the rationale"
X Link @stephanlivera 2025-10-20T03:02Z 189.2K followers, XXX engagements

"@LukeDashjr @cguida6 I don't think so the percolation threshold I've seen people discuss is about XX% for spammers. And that's not even accounting for librerelay. I think in practice librerelay just makes a lot of this discussion pointless"
X Link @stephanlivera 2025-10-18T18:02Z 189.2K followers, XXX engagements

"@Cipherhoodlum No Max is one who made a misleading or wrong claim you're just talking about a different thing. Re read his OP which says "increasing blocksize""
X Link @stephanlivera 2025-10-19T12:39Z 189.2K followers, XXX engagements

"@oomahq @wyatt_earp "it's the only method explicitly created for the insertion of arbitrary data" You really think that the police or the courts care about data in OP RETURN but not in inscriptions Ridiculously arbitrary hair splitting / false dichotomy"
X Link @stephanlivera 2025-10-19T18:07Z 189.2K followers, XXX engagements

"Nah I think they have addressed the possibility of fake pubkeys being used or at least it was implicit in their conversations in typical dev places - like ML Delving bitcoin stack exchange github comments etc. As far as 'bad possibilities' I think the simple reality is that a lot of those things were possible since day X and there's nothing that can be done to stop it. It might be an unsatisfying answer but I don't view v30 as somehow increasing the risk. I still don't see how a 400KB inscription is OK (relayed by most of the network pre v30) but a 100KB OP RETURN is not. It's arbitrary hair"
X Link @stephanlivera 2025-10-20T06:08Z 189.2K followers, XX engagements

"@zachherbert No way I was a SW and bip47 user myself back then"
X Link @stephanlivera 2025-10-20T11:18Z 189.2K followers, XXX engagements

"Sudden drops in Bitcoin test your mettle. Earn your stripes and learn to HODL"
X Link @stephanlivera 2025-10-11T15:38Z 189.2K followers, 5425 engagements

"On one hand AI will be deflationary and bring down the costs to produce goods and services. On the other hand that growth deflation will get sucked up by the state with taxes and debasement"
X Link @stephanlivera 2025-10-14T16:00Z 189.2K followers, 4199 engagements

"@EvermoreSats I don't claim to be a chad 😀"
X Link @stephanlivera 2025-10-17T11:48Z 189.2K followers, XXX engagements

"@cguida6 They're not taking over bitcoin this is just ridiculous over statement"
X Link @stephanlivera 2025-10-17T13:14Z 189.2K followers, 1259 engagements

"I'm out on phone but a few quick ideas X. We haven't made massive architectural changes to how bitcoin works it's still a utxo model no crazy things like PoS no move fast and break things etc X. Shitcoiners are capitulating and coming to use bitcoin they are using Bitcoin script X. Could argue that shitcoiners are paying our miners all other things equal it's making it more costly for someone to XX% attack us etc. maybe a marginal effect admittedly. Fundamentally bitcoin is growing in adoption over time yes there are bull/bear seasons but it grows on average. I'm not so concerned like you are"
X Link @stephanlivera 2025-10-17T13:42Z 189.2K followers, XXX engagements

"@14g23h34 I did not take the COVID vax and ever since 2020/2021 I'm a full on anti vaxxer. So this criticism hardly applies to me fwiw"
X Link @stephanlivera 2025-10-17T13:44Z 189.2K followers, XXX engagements

"@MajorianBTC Maybe you're attempting to draft other people into an unwinnable war tho. Or a war where it'd be a pyrrhic victory at best"
X Link @stephanlivera 2025-10-17T14:32Z 189.2K followers, XXX engagements

"Catch the show here: Spotify: Site: Rumble: YT:"
X Link @stephanlivera 2025-10-17T17:32Z 189.2K followers, 3026 engagements

"@LukeDashjr No you're distracting/deflecting here. Kyle understood the argument and restated it correctly here"
X Link @stephanlivera 2025-10-17T17:57Z 189.2K followers, 1204 engagements

"@Jethroe111 This you"
X Link @stephanlivera 2025-10-17T18:07Z 189.2K followers, XXX engagements

"@MajorianBTC Yea but the reason for not having a lot of large OP RETURNS could also just be: 1) There was little demand for it 2) spammers who aren't as time-sensitive can use inscription envelope with a discount"
X Link @stephanlivera 2025-10-17T18:26Z 189.2K followers, XX engagements

"I've been saying for a while the $1M in 2024 or 2025 predictions were/are way way overhyped. Just check power law charts for a more realistic baseline of where things are going and be ready for bull/bear seasons on the way"
X Link @stephanlivera 2025-10-17T19:25Z 189.2K followers, 16.8K engagements

"@Conza Who made you the sole arbiter of Bitcoin's quality as money Other people see it differently - whether that's the infeasibility of blocking inscriptions the impact to things like block propagation compact blocks policy malincentives etc"
X Link @stephanlivera 2025-10-17T20:17Z 189.2K followers, XXX engagements

"@StackSatsIO You still didn't answer the question all you have at this point is some kind of weird threat that I should agree with you because it'll get me more downloads. I already told you I'm not solely focused on getting max downloads"
X Link @stephanlivera 2025-10-18T03:43Z 189.2K followers, XXX engagements

"@StackSatsIO Oh and re Oranje it's only just launched publicly about a week ago and the sector is down overall. I'm still a believer in the business model: borrow fiat and buy bitcoin. I believe it'll come back even stronger just needs some time to work"
X Link @stephanlivera 2025-10-18T03:45Z 189.2K followers, XXX engagements

"@ozsats256 @StackSatsIO I believe it'll take time but they will eventually prove out as a business model that works while fiat credit is cheap enough. Likely winner takes most but room for multiple companies"
X Link @stephanlivera 2025-10-18T04:01Z 189.2K followers, XX engagements

"@StackSatsIO You're upset and you're in an echo chamber. Here I'm cited by one of the most influential people in bitcoin (whether you like him or not) as literally the second person/podcast that comes to mind on his listening playlist"
X Link @stephanlivera 2025-10-18T04:41Z 189.2K followers, XXX engagements

"@cguida6 @LukeDashjr Nah I think you're wishcasting here"
X Link @stephanlivera 2025-10-18T16:55Z 189.2K followers, XXX engagements

"@cguida6 Even with buying and withdrawing from exchanges that contributes to on chain demand. But 'we' (as an ecosystem) seem to suck at motivating even that"
X Link @stephanlivera 2025-10-19T16:29Z 189.2K followers, XXX engagements

"You're posting a cherrypicked time when it was really bad in 2023. It's nowhere near that level now. See Bull Bitcoin fee multiple or the current mempool space screenshot. And as I said even just the proverbial 'DCA army' regularly buying and withdrawing from the exchange would contribute to on chain demand. No Keynesianism required"
X Link @stephanlivera 2025-10-19T16:38Z 189.2K followers, XXX engagements

"re: chilling effect yes and no. To some extent people pushed off to using say Liquid-based wallets. But ultimately even withdrawing larger amounts to main chain bitcoin would contribute to on chain volume as in the DCA-and-withdraw case. re: bitVM bridges sure some of them might seem shitcoiny but as I understand they are also attempting monetary scaling and also financial things like lending/borrowing (along with some shitcoiny or NFT aspects). So I view it as a mixed bag there. To the extent that they're enabling monetary scaling I don't view that as spam just as I don't view lightning"
X Link @stephanlivera 2025-10-19T17:04Z 189.2K followers, XXX engagements

"@roryhighside @wyatt_earp @oomahq Whether you like libre relay or not it exists and is being used now. The 'tolerant minority' are pushing thru what they want at the policy level. The question as I posed in my OP of this thread is what % of hashrate do you believe will filter out the spam Be realistic"
X Link @stephanlivera 2025-10-20T04:03Z 189.2K followers, XXX engagements

"@roryhighside @wyatt_earp @oomahq I asked you about spam i.e. inscriptions and brc-20 and stamps not csam. The csam thing has always been a risk even pre v30. And it's also ridiculous to assert that somehow a 400KB inscription is ok but a 100KB op return is not"
X Link @stephanlivera 2025-10-20T04:44Z 189.2K followers, XXX engagements

"At this point the chad move is to not care about spam on bitcoin. Just stack sats and live your life"
X Link @stephanlivera 2025-10-17T04:59Z 189.2K followers, 68.5K engagements

"It's not "I like vanilla ice cream you like chocolate ice cream we can both enjoy our separate preferences" with these filter people anyway. They will get very angry that you don't believe in the same filters they do or if you have a different assessment of the risks"
X Link @stephanlivera 2025-10-17T05:02Z 189.2K followers, 11.5K engagements

"Sovereign Individuals Spend & Replace Bitcoin with Andr Loja SLP695 @andreloja joins me to discuss how @FREEMadeiraOrg is driving Bitcoin adoption through education local merchants and community. We also explore how the @BasaltoFund lets investors gain residency in Portugal while investing in Bitcoin. (00:00) - Intro (01:54) - What is Free Madeira (08:11) - Has Bitcoin adoption attracted people to visit Madeira (15:07) - The experience of earning & spending Bitcoin on the island (17:43) - What is Sovereign Engineering (24:08) - Andrs business ventures in Madeira (28:36) - HODL only or Spend &"
X Link @stephanlivera 2025-10-17T17:32Z 189.2K followers, 24.9K engagements

"@LukeDashjr @kyletorpey How do you square that with this Can't have it both ways. You're shouting that Core v30 is the end but at the same time trying to argue that you aren't also pushing for people to do your chosen filtering"
X Link @stephanlivera 2025-10-17T18:04Z 189.2K followers, XXX engagements

"@PraveenPerera @LukeDashjr @cguida6 Inscriptions are different to OP RETURN though. At least in 2023 and for much of 2024 the spammers had a thriving market going for it"
X Link @stephanlivera 2025-10-18T18:05Z 189.2K followers, XXX engagements

"@LukeDashjr @cguida6 We're back to wishcasting / denouncing here. OK I get you view it as an attack that's not going to stop them using it IMO. As for garbageman stopping them again doubtful"
X Link @stephanlivera 2025-10-18T18:10Z 189.2K followers, 1735 engagements

"I remember when it was much more common to do on-chain commerce with Bitcoin. So much of that volume must have now been taken off chain with lightning (admittedly much of it custodial). But also the consumer payment expectation rose dramatically. People really want fast and convenient nowadays. If it's not comparable to tapping a card or phone they don't want it. Bitcoin doesn't exist in a vacuum there are things changing around it"
X Link @stephanlivera 2025-10-19T09:26Z 189.2K followers, 7690 engagements

"@oomahq Nah it's more like what can you actually enforce vs what you can't enforce. Obviously the choices matter in aggregate"
X Link @stephanlivera 2025-10-19T10:53Z 189.2K followers, XXX engagements

"@cguida6 Well earn it too"
X Link @stephanlivera 2025-10-19T16:23Z 189.2K followers, XXX engagements

"@wyatt_earp It's not enough friction. Can you answer the question: what % of mining hashrate do you believe can be convinced to filter out spam"
X Link @stephanlivera 2025-10-19T17:22Z 189.2K followers, XXX engagements

"@wyatt_earp @oomahq"
X Link @stephanlivera 2025-10-19T17:29Z 189.2K followers, XXX engagements

"@beeforbacon1 Perhaps that PL was able to do income or other checks"
X Link @stephanlivera 2025-10-19T17:46Z 189.2K followers, XXX engagements

"@oomahq @wyatt_earp Put it this way I don't think your "tricking the interpreter" defence is going to matter. They will not sit there with a serious face and go "oh you had illegal data in an INSCRIPTION ah that's OK carry on then""
X Link @stephanlivera 2025-10-19T19:03Z 189.2K followers, XX engagements

"@MIC_btc It is money"
X Link @stephanlivera 2025-10-20T01:51Z 189.2K followers, XX engagements

"@zachherbert For me JPEGS and BRC-20 are spam. The other stuff is more debatable. But I'm also not in the filter camp"
X Link @stephanlivera 2025-10-20T02:06Z 189.2K followers, XXX engagements

"@mattkratter X. No it didn't X. You didn't answer the question about spam more broadly though things like inscriptions and brc-20 Re XX byte soft fork don't know I'd have to research it more"
X Link @stephanlivera 2025-10-20T02:20Z 189.2K followers, 1555 engagements

"Bitcoin gives you direct access"
X Link @stephanlivera 2025-10-20T05:20Z 189.2K followers, 8397 engagements

"Yea but maybe you're ignoring that things about the network have shifted. e.g. 'tolerant minority' and librerelay have made it so that relay filtering is less effective. As for your question about what if people don't reduce their abuse of fakepubkeys yes that is certainly possible. Nobody is saying we're guaranteed to have less utxo spam it's only a possibility"
X Link @stephanlivera 2025-10-20T05:52Z 189.2K followers, XXX engagements

"@ap_hanley @zachherbert Well to be fair nowadays I think silent payments is better but just needs a bit more adoption. As for lightning it's part of the system being a bitcoin layer X rather than having dependence on the cloud. Similarly with the zk rollup bridges citrea alpen and others"
X Link @stephanlivera 2025-10-20T12:10Z 189.2K followers, XX engagements

"Hmm I could be wrong but as I understand it's part of the challenge response protocol for them. So it is required for the bitvm bridge to work in a X of n honesty trust model. Anyway I don't see SW bip47 notif tx or tx0 as spam it was around and used fair bit nobody was calling it spam back then to my knowledge (maybe Luke but few others)"
X Link @stephanlivera 2025-10-20T12:44Z 189.2K followers, XX engagements

creator/twitter::230517800/posts
/creator/twitter::230517800/posts