BitGo co‑founder and CEO Mike Belshe wrote that the next crypto bull market will progress more slowly than previous cycles and will be less volatile; this is not a warning but a sign that the crypto asset class is gradually maturing. He said capital is shifting toward real‑world use cases, and the stablecoin market has just hit a new high of $322 billion, exceeding the foreign‑exchange reserves of more than 95 countries. Citi projects this figure will reach $4 trillion by 2030. Tokenization is also developing along the same path, representing infrastructure building rather than speculation. From a custodial perspective, even though BTC has retreated from its peak, RIAs (registered investment advisors) and institutions are participating in Bitcoin at historic levels. Belshe noted that retail investors chase price, institutions build positions, and smart money is acting quietly; a slowdown in growth does not mean weakness, but rather that Bitcoin is moving from a speculative tool to a reserve asset, and as the holder base matures, its volatility premium will narrow. https://t.co/XVM4uhNQ5v
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Important remark here as a great part of gaslighting is going on.
Core shipped it with an initial limit of 40B, then increased to 80B in 2015.
It's only since mid-2025 that it was raised to 100kB with V30 before fully uncapping it (without dev. consensus and just pushed by a minority)
BIP110 does not reject, it limits it again to 83B which broad consensus still enforces since 2015.
December 9, 2010. A user asks Satoshi Nakamoto why Bitcoin shouldn't just allow 64 or 128 bytes of "arbitrary data" in a transaction.
His answer, verbatim:
"I also support a third transaction type for timestamp hash sized arbitrary data. There's no point not having one since you can already do it anyway. It would tell nodes they don't need to bother to index it."
Read the design spec inside that answer. Small. Standardized. Not indexed by nodes.
Bitcoin Core shipped that exact spec in March 2014. It's called OP_RETURN.
#Runes lives entirely inside OP_RETURN. One runestone per transaction, prunable, zero UTXO bloat, full market fees. #Ordinals pays the same toll through witness space. The only gatekeeper Satoshi ever wrote into the system was the fee. Both pay it.
Now read BIP110. It proposes to reject the exact transaction class Satoshi said he supports, from the channel built to his own spec.
That is not enforcing Satoshi's design. That is reversing it.
And we already ran this experiment. In this sam
I've started a list of people who are early to BIP110, which you can follow, or request to be included in.
I feel like it will be impossible to know retrospectively.
It's not complete of course, as I've tediously and haphazardly added people as I think of it.
#BIP110
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Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
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