In The Bitcoin Standard (pp. 247–248), Ammous warns of “The Rise in Cost of Nodes and Drop in Their Numbers. . .This remains in my opinion the most serious technical threat to Bitcoin in the medium and long run.” The Core/Knots crisis cannot be dismissed lightly. @Saifedean @NickSzabo4 @adam3us @stephanlivera @mattkratter @GrassFedBitcoin @LukeDashjr @ToneVays @jimmysong @giacomozucco @TheGuySwann @saylor @coryklippsten @jackmallers @nic__carter @CryptoHayes @mattkratter @LawrenceLepard @boomer_btc @GaryLeland @Jethroe111 @rot13maxi @constructdisrup @Beatriz_Ape @JuanSGalt @knutsvanholm

Oct 29, 2025 · 4:46 PM UTC

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Replying to @UglyOldGoat1 @saifedean
User nodes without proof of work are not nodes according to that network, and don't participate in the Bitcoin network, so are irrelevant. If they can't express acceptance with proof of work then they aren't participating. They are just watching. Any reaction to what they see can only be outside that network, and economic. Just like SPV. The entire argument for small blocks is based on an incorrect understanding.
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Do your homework my friend. This may help. piped.video/watch?v=G-c_RPV-…

Who Has The Most Power In Bitcoin?

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Replying to @UglyOldGoat1 @saifedean
Costs have gone down dramatically for running a node over the last several years
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Good News!!
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Replying to @UglyOldGoat1 @saifedean
There is no crisys. Bur there are people who want to store porn on blockchain
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Agreed. So here comes a UASF.
Replying to @UglyOldGoat1 @saifedean
why have you changed your name? this Ai stuff in your profile is way worse
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Transitioning from Ugly Old Goat to Totally Deprave Boomer
Replying to @UglyOldGoat1 @saifedean
And if you actually believe this nonsense, you’re a fucking moron. The entire premise was never about running thousands of idle home “nodes.” It was about a few powerful nodes that process vast transaction volumes — the ones that create blocks. That’s it. Everything else is a sybil, an attack on the network, explicitly defined as such in the white paper. But of course, the cultists never read that far. They parrot the same drivel from Ammous’ The Bitcoin Standard — a book so detached from technical reality it might as well have been ghostwritten by Keynes himself. He wants a return to “sound money” built on the same illusion as the gold standard — paper claims on something no one ever redeems. Digital paper this time, that never touches a single satoshi. Fiat 2.0, wrapped in orange marketing. The tragedy is that you don’t even see what’s being done. You call it “freedom” while you beg to be ruled by exchanges and custodians. You’ve traded a revolution in digital cash for a glorified savings bond. And you still think you’re the clever one.
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Replying to @UglyOldGoat1 @saifedean
Consensus is the acceptable/agreed limit. Knots/Core debate has nothing to do with node size. It's being used deceitfully to incite people.
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Replying to @UglyOldGoat1 @saifedean
$Minima is better in every way. $BTC is the nokia of crypto
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Replying to @UglyOldGoat1 @saifedean
Nodes are cheaper than almost any time in bitcoins history and costs are coming down. This is the dumbest recurring argument in bitcoin.
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Replying to @UglyOldGoat1 @saifedean
Bitcoin is on fire.
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Replying to @UglyOldGoat1 @saifedean
Knots is growing. Don't care about the rest, we good.
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Replying to @UglyOldGoat1 @saifedean
It cant and won't. Please understand this is all about special interests trying to make Bitcoin their playground i stead of p2p immutable money. Follow the money
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Replying to @UglyOldGoat1 @saifedean
I think w are seeing node cost being optimized as a top priority, why blocks are set at 2mB or 4mb weighted, and not having more nodes comes online but losing them, we need to look at the benefit too(lifetime of financial and monetary sovereignty) plus usefulness of a node, not $
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Replying to @UglyOldGoat1 @1914ad @saifedean
This is serious.
Replying to @UglyOldGoat1 @saifedean
It's not core/knots crisis. It's core devs went rogue crisis.
Replying to @UglyOldGoat1 @saifedean
Fun fact: BSV does not have this problem. 😎
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Replying to @UglyOldGoat1 @saifedean
I worry more about this than CSAM/CP
Replying to @UglyOldGoat1 @saifedean
Ammous was a homeless loser-tarian until Craig invented BitCoin and gave him a marketing idea.
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Replying to @UglyOldGoat1 @saifedean
Satoshi wrote about this a few times and expressed concern over it. So far the exchange rate has kept up well and that's really prevented bitcoin from facing this critical test, but 10 years from now the block reward will be just 0.39btc. Bitcoin will have to be worth 1m usd, inflation adjusted, to keep pace, which isn't impossible, but would be fairly surprising imo.
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Replying to @UglyOldGoat1 @saifedean
Only miners are nodes. Some random person running non mining node does not matter because that person has no power. What are you going to do about it? Only what blackrock and mastercard decide matter. Welcome to segwit.