
$DOG, Runes, Ordinals, & Art on Bitcoin!
Joined May 2017
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$DOG to Top 100
The most bullish thing that has happened to $DOG in months just occurred and it is not what you expect 🧵
People focus too much on price
A coin's price is important but it does not tell the full story
In a crypto bull run every coin's price goes up
It is not inherently good that a coin's price goes up
In fact it can be bad
If the price of a coin is going up less on a relative basis than its peers that means it is underperforming the market
Similarly in the recent bear market people complained to me "Leonidas the price of $DOG is going down we are failing"
I did not see it this way
There is no coin that can escape the correction of a crypto bear market
Even Bitcoin's price goes down
What is much more important is that your coin goes down less on a relative basis
For example $DOG's price has been going down for the past year because we were in a crypto bear market but I viewed this as healthy and good
Because I was looking at the underlying performance of $DOG relative to other memecoins
For example the top dog coin on Solana WIF went down significantly more than $DOG did from their respective ATHs
$DOG's price did not fall as much as its peers because it had the $DOG Army showing up and fighting for it every single day
Now for the good news
During this week's "crypto upswing" $DOG has risen nearly 100 spots on the CoinMarketCap rankings and has just cracked into the top 200 for the first time in a long time
This is much more important than $DOG's price going up
Every coin's price has gone up in the past week
But not every coin has been climbing the CoinMarketCap leaderboard at such a rapid pace
Forget price entirely
Erase it from your mind
What we need to do is get $DOG onto the homepage of CoinMarketCap again
That is an achievable goal that is completely independent of if the crypto market decides to be red or green on any given day
Let's make $DOG a top 100 cryptocurrency in the world and make so much noise that we can no longer be ignored
This is a good short-term goal for us to aspire to
Keep showing up
Keep fighting
Every post, repost, and like is making a difference
$DOG go to the CoinMarketCap homepage!!!!
YOU ARE NOT READY!!!
$DOG SMASHED THROUGH $60M THEN $70M AND NOW $80M THIS APP WILL BE ABSOLUTE MAYHEM WHEN THE #1 BITCOIN MEMECOIN RECLAIMS $100M THE CLIMB BACK TO $1B HAS STARTED THE PATH TO FLIPPING DOGECOIN IS BEING PAVED STAKE YOUR CLAIM IN THIS FIGHT BY QUOTE POSTING WITH "YOU ARE NOT READY!!!"
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I will run Bitcoin in $DOG mode.
I am very excited to announce the launch of a new open source Bitcoin client called Bitcoin $DOG Mode.
Bitcoin Core and Bitcoin Knots have spent years enforcing rules that Bitcoin itself does not have.
A transaction can be fully valid under consensus and still be blocked from normal relay because it is “non-standard”. This has resulted in the creation of a private “black market” for Bitcoin transactions where insiders with connections to miners get do things that ordinary Bitcoin users cannot.
The $DOG Army has already gotten around this system twice.
First we went directly to miners to execute the largest transaction in Bitcoin’s history because Bitcoin Core would not relay it. Then we did it again for the largest airdrop in Bitcoin’s history because of Core’s arbitrary 83-byte OP_RETURN limit.
Around the same time, the Runes Protocol had grown so popular that memecoin activity accounted for the majority of transactions on the Bitcoin network. Many of these transactions also went directly to miners to bypass Core’s minimum relay fee.
Core realized it had been outmaneuvered and in response they released Core v30 which removed the OP_RETURN limit and lowered the default minimum relay fee to 0.1 sat/vB.
This revealed a clear pattern. The $DOG Army could route our “non-standard” transactions around Core, miners would accept them, and then Core was eventually forced to give in.
The $DOG Army is done asking for permission. It is time to remove even more of these frivolous restrictions.
That is why we are starting an open source initiative to develop our own Bitcoin client called $DOG Mode.
When using Bitcoin in $DOG Mode:
1. The maximum standard transaction size will be increased from 400,000 WU to 3,900,000 WU. This will give everyone equal access to do “four meggers” while leaving a generous 100,000 WU of space for the coinbase transaction and block overhead.
2. The global dust limit will be lowered from 294-546 sats (depending on output type) to 1 sat. Ordinals inscriptions and Runes UTXOs are currently forced to carry hundreds of unnecessary sats to appease Bitcoin Core. This will remove the need for “padding” and effectively airdrop ~$25M in locked up sats back to the Ordinals and Runes ecosystem.
Unlike Bitcoin Knots, which deviates significantly from Bitcoin Core and introduces substantial risk to node runners, Bitcoin $DOG Mode aims to only change the absolute minimum code necessary to remove these two restrictions.
And unlike BIP-110, which attempts to change Bitcoin consensus through a network fork, $DOG Mode operates entirely within Bitcoin’s existing consensus rules and does not require a fork.
This ensures that $DOG Mode can be successful from day one.
Over time the economic incentives will drive $DOG Mode’s adoption and force Bitcoin Core to stop gatekeeping and allow these completely valid transactions. The result will be a more open, fair, and transparent Bitcoin network.
If you are a Bitcoin developer who is interested in contributing to the initial $DOG Mode release, please reach out to me.
If you are a Bitcoin miner who is interested in increasing your revenue by adding support for $DOG Mode transactions, please reach out to me.
If you are a normal Bitcoin user who wants to support $DOG Mode quote post this with: “I will run Bitcoin in $DOG Mode”
Defend permissionless blockspace. Reject BIP-110.
My thoughts on BIP-110 and the "anti-Ordinals movement" that will attempt to fork the Bitcoin network in August 🧵
The greatest threat to Bitcoin is neither Ordinals nor Runes
It is the pervasive and dangerous ideology that took hold after the Blocksize Wars that using Bitcoin L1 is bad
Starting in 2017 a bunch of lunatics in the "Lightning ecosystem" hijacked Bitcoin and psyoped everyone into believing that making transactions on Bitcoin L1 was somehow immoral and harming children in El Salvador
Fast forward nearly a decade and here are some of the downstream effects of telling everyone to stop using Bitcoin L1
A catastrophic amount of time and resources were wasted building a now obsolete and failed "Lightning Network"
Bitcoin has now been infiltrated by feds and bankers who have normalized not only paper Bitcoin but Ponzi scheme treasury company versions of paper Bitcoin
When you joined Bitcoin a decade ago you were taught how to self-custody
When you join Bitcoin today many of the top "leaders" tell you to buy pump and dump Bitcoin proxy scams trading anywhere from 2x to 100x NAV
The vast majority of "Bitcoin maxis" have never even used Bitcoin L1 and are technically illiterate having no idea what a UTXO is
The biggest joke of all is that discouraging people from using Bitcoin L1 created the low-fee environment which allowed the data storage use case to take root
It is laughable that BIP-110 claims "data storage competes unfairly with payments"
You can transfer billions of dollars of value on Bitcoin L1 in roughly 200 bytes yet Bitcoin maxis failed so badly at creating demand for block space that it became economically viable for artists to store 4 megabyte JPEGs while competing fairly in the exact same fee market
BIP-110 is by far the least cypherpunk proposal by the least cypherpunk group of people in the history of Bitcoin
They have completely lost the plot
Instead of coming to terms with the consequences of their own decisions they are attempting to introduce radical levels of censorship to a network whose entire value proposition is censorship resistance
There are no words to describe how fragile someone's ego must be to blame artists for using a low-fee environment created by your own reckless decisions
It is not a coincidence that 67.9% of all Bitcoin transactions this week were Ordinals and Runes
While the Bitcoin maxi movement is completely going off the rails
We are the ones who actually use the Bitcoin network
We are the ones who secure the Bitcoin network by paying fees
We are the ones who understand the Bitcoin network at the deepest technical level
We are the ones who denominate in Bitcoin and actually use Bitcoin as money every single day
We are the ones who self-custody our Bitcoin and carry on the ethos of "not your keys not your coins"
We are the real Bitcoin maxis now
There is nothing more cypherpunk than running your own node and ripping some JPEGs onto a censorship-resistant network regardless of how unpopular it is
Satoshi's first act on Bitcoin was to inscribe data
We are simply carrying on the torch
Because the prior Bitcoin maxis have failed so miserably the Ordinals and Runes enjoyers have become the new Bitcoin maxis
We will make self-custody cool again
We will make experimenting on Bitcoin fun again
We will get people to use Bitcoin as a medium of exchange again
We will educate people and make Bitcoiners technically literate again
We will secure Bitcoin by creating a robust fee market and high demand for blockspace again
We will purge Bitcoin of the feds and bankers who have infected it like a disease and that starts with defeating the BIP-110 fork in August
I am calling on all $DOG soldiers, all Ordinals enjoyers, and all Runes degens to band together and fight against this BIP-110 cancer that is hell-bent on destroying the Bitcoin that we know and love
If you are against BIP-110 and agree that Bitcoin should remain censorship resistant show your support by quote posting this with "Defend permissionless blockspace. Reject BIP-110." and be sure to repost all quote posts
Long live Bitcoin
Long live Ordinals and Runes
The story of the $DOG Free and Fair movement will be told for generations!
Replying to @ViolaMissCode
@ViolaMissCode Would love to see my new pfp on my ME profile page.
I can't get enough art on Bitcoin. Ugly Souls by @ViolaMissCode












