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  <updated>2026-05-07T15:05:47Z</updated>
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  <title>Nostr notes by Renaud</title>
  <author>
    <name>Renaud</name>
  </author>
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  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsz65qjqplk0lg77ltn7d93ngl4r889cxl2aacu0mxdl3zv95f849qzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u29lyr9m</id>
    
      <title type="html">110 BIP-110 signaling blocks. “What are you going to do about ...</title>
    
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      110 BIP-110 signaling blocks. &lt;br/&gt;“What are you going to do about it ?” Is this a relevant question?&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://thebitcoinportal.com/live/nodes/bip110&#34;&gt;https://thebitcoinportal.com/live/nodes/bip110&lt;/a&gt; 
    </content>
    <updated>2026-08-01T20:03:37Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqs8lk9t8h0tj8cner2u75uxe0rnu578gkge4eluq0ryr9erzxgekjszyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u25lcp2r</id>
    
      <title>Nostr event nevent1qqs8lk9t8h0tj8cner2u75uxe0rnu578gkge4eluq0ryr9erzxgekjszyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u25lcp2r</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqs8lk9t8h0tj8cner2u75uxe0rnu578gkge4eluq0ryr9erzxgekjszyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u25lcp2r" />
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        &lt;img src=&#34;https://blossom.primal.net/718ed0024bdb01a8914155a23ae72223303be933ecac13bdcc51135f007f20cd.png&#34;&gt;  
    </content>
    <updated>2026-07-20T19:46:02Z</updated>
  </entry>

  <entry>
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      <title type="html">👀 #nevent1q…f0qz</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqstwxkj7rj3wrefh8xk4cvkjduakd273rjfgy6m6p3hhgegaukfm8czyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2ex47fj" />
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      👀&lt;blockquote class=&#34;border-l-05rem border-l-strongpink border-solid&#34;&gt;&lt;div class=&#34;-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2&#34;&gt;quoting &lt;br/&gt;&lt;span itemprop=&#34;mentions&#34; itemscope itemtype=&#34;https://schema.org/Article&#34;&gt;&lt;a itemprop=&#34;url&#34; href=&#34;/nevent1qqsvj3atyzxzmxlma7kkyy3wu4u22ssyrczhenp7jeq55pv9f0gkdwqw8f0qz&#34; class=&#34;bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1&#34;&gt;nevent1q…f0qz&lt;/a&gt;&lt;/span&gt; &lt;/div&gt; Improved and extended version. I’m honestly amazed how good the AI fixed the lyrics with just a few prompts.&lt;br/&gt;&lt;br/&gt;cc: &lt;span itemprop=&#34;mentions&#34; itemscope itemtype=&#34;https://schema.org/Person&#34;&gt;&lt;a itemprop=&#34;url&#34; href=&#34;/nprofile1qqs80atzgw5zf539w0ah2hw493euzjvx69wqexz394zlfh4s360c0xspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9thwden5te0wfjkccte9ejhs6t59ec82c30yh48xw&#34; class=&#34;bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1&#34;&gt;&lt;span&gt;FreedomMoneyIsFuture&lt;/span&gt; (&lt;span class=&#34;italic&#34;&gt;nprofile…48xw&lt;/span&gt;)&lt;/a&gt;&lt;/span&gt; &lt;span itemprop=&#34;mentions&#34; itemscope itemtype=&#34;https://schema.org/Person&#34;&gt;&lt;a itemprop=&#34;url&#34; href=&#34;/nprofile1qqs8ha7ms0mny284ma46xjzf72hel42t74jmtttf3trssfymxyq8ngqpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqpz3mhxue69uhhyetvv9ujumn0wd68ytnzvud7mpml&#34; class=&#34;bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1&#34;&gt;&lt;span&gt;oomahq&lt;/span&gt; (&lt;span class=&#34;italic&#34;&gt;nprofile…mpml&lt;/span&gt;)&lt;/a&gt;&lt;/span&gt; &lt;span itemprop=&#34;mentions&#34; itemscope itemtype=&#34;https://schema.org/Person&#34;&gt;&lt;a itemprop=&#34;url&#34; href=&#34;/nprofile1qqs8fl79rnpsz5x00xmvkvtd8g2u7ve2k2dr3lkfadyy4v24r4k3s4spz9mhxue69uhkummnw3ezuamfdejj7qgwwaehxw309ahx7uewd3hkctc9e4umg&#34; class=&#34;bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1&#34;&gt;&lt;span&gt;GrassFedBitcoin&lt;/span&gt; (&lt;span class=&#34;italic&#34;&gt;nprofile…4umg&lt;/span&gt;)&lt;/a&gt;&lt;/span&gt; &lt;span itemprop=&#34;mentions&#34; itemscope itemtype=&#34;https://schema.org/Person&#34;&gt;&lt;a itemprop=&#34;url&#34; href=&#34;/npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk&#34; class=&#34;bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1&#34;&gt;&lt;span&gt;Luke Dashjr&lt;/span&gt; (&lt;span class=&#34;italic&#34;&gt;npub1lh2…a9nk&lt;/span&gt;)&lt;/a&gt;&lt;/span&gt; &lt;span itemprop=&#34;mentions&#34; itemscope itemtype=&#34;https://schema.org/Person&#34;&gt;&lt;a itemprop=&#34;url&#34; href=&#34;/nprofile1qqsy9maq5m2yqnhkjfr20l6zh3qxkuycmre9qzzqrwa0clw9jp2el3gpz3mhxue69uhhyetvv9ujumn0wd68ytnzvuq3wamnwvaz7tmjv4kxz7fwvd6hyun9de6zuenedywp7l3c&#34; class=&#34;bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1&#34;&gt;&lt;span&gt;Renaud&lt;/span&gt; (&lt;span class=&#34;italic&#34;&gt;nprofile…7l3c&lt;/span&gt;)&lt;/a&gt;&lt;/span&gt; &lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://suno.com/s/RiIbaaAYXWHZo2jz&#34;&gt;https://suno.com/s/RiIbaaAYXWHZo2jz&lt;/a&gt; &lt;/blockquote&gt;
    </content>
    <updated>2026-07-03T20:18:11Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsv0kfklxpu95fs4qx6ygzdjrt4pcunyamfnaq28psqhskmnrtx8jqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2zefecl</id>
    
      <title type="html">I just shipped the Adoption dimension to The Bitcoin Portal. It ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsv0kfklxpu95fs4qx6ygzdjrt4pcunyamfnaq28psqhskmnrtx8jqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2zefecl" />
    <content type="html">
      I just shipped the Adoption dimension to The Bitcoin Portal.&lt;br/&gt;&lt;br/&gt;It measures the direction and pace of monetary use on-chain (velocity). Right now it’s lean, focused on Value and Breadth from blockchain data. Merchants and Lightning are visible but not yet scored.&lt;br/&gt;&lt;br/&gt;You can already see the current reading and drill-down. Full historical Adoption scoring sits behind the new Analyst tier.&lt;br/&gt;&lt;br/&gt;Speaking of which, I also launched the Analyst tier last week (€15/month or €135/year, paid in Bitcoin). It gives you:&lt;br/&gt;- 6 years of historical data across the dimensions (including the Adoption one) and on-chain metrics.&lt;br/&gt;- A dedicated weekly structural read on how the BMHI is moving&lt;br/&gt;&lt;br/&gt;Free tier stays generous. &lt;br/&gt;&lt;br/&gt;The goal is to keep the core dashboard useful while giving serious users deeper context.&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://thebitcoinportal.com/bmhi/adoption&#34;&gt;https://thebitcoinportal.com/bmhi/adoption&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://thebitcoinportal.com/login&#34;&gt;https://thebitcoinportal.com/login&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://blockspaceweekly.substack.com/p/the-bitcoin-portal-now-has-an-analyst&#34;&gt;https://blockspaceweekly.substack.com/p/the-bitcoin-portal-now-has-an-analyst&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;&lt;br/&gt;  &lt;img src=&#34;https://blossom.primal.net/2954bfee6611f6244c109398edbb4e21066ab7e31c796365b532369333fa612c.png&#34;&gt;  
    </content>
    <updated>2026-07-02T14:32:31Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsqcvv7uslzglj4retx09s7pflkwqxaru89ypdp9wa2hag8ywwxskqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2xwu7pk</id>
    
      <title>Nostr event nevent1qqsqcvv7uslzglj4retx09s7pflkwqxaru89ypdp9wa2hag8ywwxskqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2xwu7pk</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsqcvv7uslzglj4retx09s7pflkwqxaru89ypdp9wa2hag8ywwxskqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2xwu7pk" />
    <content type="html">
      Bullish BIP-110
    </content>
    <updated>2026-06-26T06:16:34Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqszu3c7e07xjqlxq2s6rxd54adanw7urqt57h5dldd8lwjd9uzmm0gzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2gd33z6</id>
    
      <title type="html">Spam on Bitcoin — Last 7 days: ~70% of all transactions are ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqszu3c7e07xjqlxq2s6rxd54adanw7urqt57h5dldd8lwjd9uzmm0gzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2gd33z6" />
    <content type="html">
      Spam on Bitcoin — Last 7 days:&lt;br/&gt;&lt;br/&gt;~70% of all transactions are non-monetary&lt;br/&gt;473.95 MB of non-monetary data (50.8% of Tx vsize) permanently stored on every full node&lt;br/&gt;&lt;br/&gt;Bitcoin is being bloated by non-monetary traffic. BIP-110 is the cure.&lt;br/&gt;&lt;br/&gt;Run Knots &#43; BIP-110&lt;br/&gt;&lt;br/&gt;&lt;br/&gt; &lt;img src=&#34;https://blossom.primal.net/8eca3fd10f94fa3dee1e7f0a4f8be70a37ab0ac2b097d792fc78b8681ec7e32a.png&#34;&gt;  
    </content>
    <updated>2026-06-24T12:28:07Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsp53kq5jwxqy3guj4ey7xcrzjq83e0mmtrqh7q7fnllhn98qy6lrgzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u29uv64t</id>
    
      <title type="html">&amp;#34;BIP-110 catches almost no spam.&amp;#34; That&amp;#39;s become the ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsp53kq5jwxqy3guj4ey7xcrzjq83e0mmtrqh7q7fnllhn98qy6lrgzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u29uv64t" />
    <content type="html">
      &amp;#34;BIP-110 catches almost no spam.&amp;#34; &lt;br/&gt;&lt;br/&gt;That&amp;#39;s become the main argument against it. &lt;br/&gt;&lt;br/&gt;By raw transaction count, it&amp;#39;s not entirely wrong. But count is the wrong metric.&lt;br/&gt;&lt;br/&gt;After decoding every OP_RETURN on Bitcoin for the last 60 days: &lt;br/&gt;&lt;br/&gt;91% is now one funded protocol: Alkanes -&amp;gt; Millions of tiny mints BIP-110 won&amp;#39;t touch (and shouldn&amp;#39;t, that&amp;#39;s relay policy&amp;#39;s job).&lt;br/&gt;&lt;br/&gt;But those mints exist because contracts were deployed for them.&lt;br/&gt;- Deployment = a WASM binary in a Taproot reveal. 627 of them in 60 days.&lt;br/&gt;- Every single one rejected by BIP-110.&lt;br/&gt;&lt;br/&gt;You don’t stop a metaprotocol by filtering its mints. &lt;br/&gt;&lt;br/&gt;You stop it at deployment.&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://blockspaceweekly.substack.com/p/issue-29-counting-the-leaves&#34;&gt;https://blockspaceweekly.substack.com/p/issue-29-counting-the-leaves&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;  &lt;img src=&#34;https://blossom.primal.net/203a9821fad89693636ca1f32eb7906f42ef74e4bd06fceeffd6f89d96453db9.png&#34;&gt;  
    </content>
    <updated>2026-06-12T08:29:45Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsqdkp9re7nf7zhuu6mx34l8lx8f8j7hgvuq0ul55rgan77c3f229szyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u23p3elj</id>
    
      <title type="html">&amp;#34;Filtering arbitrary data is censorship. It betrays ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsqdkp9re7nf7zhuu6mx34l8lx8f8j7hgvuq0ul55rgan77c3f229szyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u23p3elj" />
    <content type="html">
      &amp;#34;Filtering arbitrary data is censorship. It betrays Bitcoin&amp;#39;s neutrality.&amp;#34;&lt;br/&gt;&lt;br/&gt;It doesn&amp;#39;t. Every protocol is defined by what it refuses to carry. A voice codec dropping oversized packets is not silencing speech.&lt;br/&gt;&lt;br/&gt;A monetary network that won&amp;#39;t defend its scope doesn&amp;#39;t stay neutral. It just lets whoever has the most resources define its scope instead.&lt;br/&gt;&lt;br/&gt;New issue: why Bitcoin isn&amp;#39;t a bulletin board, even when the bulletins are noble.&lt;br/&gt;&lt;a href=&#34;https://blockspaceweekly.substack.com/p/issue28-the-freedom-text-trap&#34;&gt;https://blockspaceweekly.substack.com/p/issue28-the-freedom-text-trap&lt;/a&gt;&lt;br/&gt; &lt;br/&gt; &lt;img src=&#34;https://blossom.primal.net/d8feb9a68a4b17c4b578e44ee7521f62a9158690fa9ca974585089452eeb7fa0.png&#34;&gt;  
    </content>
    <updated>2026-06-01T10:20:36Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsx8kw24m2yct5p6x9wvjlrnraj4se8prcfm6g26lm7vnllfv8a8egzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2v5xjal</id>
    
      <title type="html">Thank you and well said!</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsx8kw24m2yct5p6x9wvjlrnraj4se8prcfm6g26lm7vnllfv8a8egzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2v5xjal" />
    <content type="html">
      In reply to &lt;a href=&#39;/nevent1qqspa42ttw332vfqtmxdqmnldkfdd9l6d02ylfqfplzjfur6ug7kphgprfmhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtmkxyhsvum72x&#39;&gt;nevent1q…m72x&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;Thank you and well said!
    </content>
    <updated>2026-05-29T14:11:19Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsfzdl8ttaeaw7yux9vv5aarv6dkre5ty55nkuqwlqu23lgwe5a3rgzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u29erhu3</id>
    
      <title type="html">Foundry USA started mining large OP_RETURN data in May. They ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsfzdl8ttaeaw7yux9vv5aarv6dkre5ty55nkuqwlqu23lgwe5a3rgzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u29erhu3" />
    <content type="html">
      Foundry USA started mining large OP_RETURN data in May.&lt;br/&gt;&lt;br/&gt;They likely &amp;#39;just&amp;#39; upgraded to v30 and ran the default. The harm followed anyway. &lt;br/&gt;&lt;br/&gt;New piece on what changed, why it matters, and why we need BIP-110.&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://blockspaceweekly.substack.com/p/issue27-default-is-not-neutral&#34;&gt;https://blockspaceweekly.substack.com/p/issue27-default-is-not-neutral&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;  &lt;img src=&#34;https://blossom.primal.net/96c811359b2a7cd960c2bfa5b954f9c0c5f9870b2cdca31e0536d596a3263dae.png&#34;&gt;  
    </content>
    <updated>2026-05-29T04:47:41Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsgg496wx5kluqq8km7myxn77tdwyav73zvy7nlreucrth2p9gm75qzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2tajwje</id>
    
      <title type="html">Bitcoin Block Space Health this week: - Decentralization: 61 - ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsgg496wx5kluqq8km7myxn77tdwyav73zvy7nlreucrth2p9gm75qzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2tajwje" />
    <content type="html">
      Bitcoin Block Space Health this week:&lt;br/&gt;- Decentralization: 61 &lt;br/&gt;- Security: 41&lt;br/&gt;&lt;br/&gt;A 20-point gap inside the same dimension.&lt;br/&gt;&lt;br/&gt;UTXO set is fine. Composition is slowly degrading. Large OP_RETURN payloads pinning Security to the floor.&lt;br/&gt;&lt;br/&gt;Why a single score would erase the story:&lt;br/&gt;&lt;a href=&#34;https://blockspaceweekly.substack.com/p/issue-26-block-space-health-structurally&#34;&gt;https://blockspaceweekly.substack.com/p/issue-26-block-space-health-structurally&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;  &lt;img src=&#34;https://blossom.primal.net/90a9935a6c616b60aa79e58f0ee626f0c7b7288d07d073fb8030f9829204883f.png&#34;&gt;  
    </content>
    <updated>2026-05-26T13:53:17Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqs0nrcssas3rt8ucfslvwdm246mpwt7yc7k72qsm954un82a4qm9ygzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u22l7ja8</id>
    
      <title type="html">Thank you, really appreciate that. More coming.</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqs0nrcssas3rt8ucfslvwdm246mpwt7yc7k72qsm954un82a4qm9ygzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u22l7ja8" />
    <content type="html">
      In reply to &lt;a href=&#39;/nevent1qqsgsndyc9t8v7uur6pwfp3zddxr8fqehxypfn2vfxwf7f0xn0hwq3qwu9j0a&#39;&gt;nevent1q…9j0a&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;Thank you, really appreciate that. More coming.
    </content>
    <updated>2026-05-21T06:28:44Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqs2nk8dud4vje62pdp79ujvdl2e7rle6adwtd30srkw8csqrmhs88qzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2hpjk9m</id>
    
      <title type="html">Full write-up: ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqs2nk8dud4vje62pdp79ujvdl2e7rle6adwtd30srkw8csqrmhs88qzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2hpjk9m" />
    <content type="html">
      In reply to &lt;a href=&#39;/nevent1qqsf9sycjzhqnntexdtjtlqzy08ezj8fzngr65av4krc567yzv7ak7ql3j8wl&#39;&gt;nevent1q…j8wl&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;Full write-up: &lt;br/&gt;&lt;a href=&#34;https://blockspaceweekly.substack.com/p/is-bitcoin-earning-its-monetary-premium&#34;&gt;https://blockspaceweekly.substack.com/p/is-bitcoin-earning-its-monetary-premium&lt;/a&gt;
    </content>
    <updated>2026-05-21T05:03:00Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsf9sycjzhqnntexdtjtlqzy08ezj8fzngr65av4krc567yzv7ak7qzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u20ant74</id>
    
      <title type="html">Bitcoin&amp;#39;s price is mostly a bet on its structure. This week I ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsf9sycjzhqnntexdtjtlqzy08ezj8fzngr65av4krc567yzv7ak7qzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u20ant74" />
    <content type="html">
      Bitcoin&amp;#39;s price is mostly a bet on its structure.&lt;br/&gt;&lt;br/&gt;This week I launched v2 of The Bitcoin Portal, anchored by the Bitcoin Monetary Health Index, a 0–100 score across 7 dimensions of structural health.&lt;br/&gt;&lt;br/&gt;Methodology versioned, transparent, opinionated.&lt;br/&gt;&lt;br/&gt; &lt;a href=&#34;https://thebitcoinportal.com&#34;&gt;https://thebitcoinportal.com&lt;/a&gt; &lt;br/&gt;&lt;br/&gt;  &lt;img src=&#34;https://blossom.primal.net/83dd526d5d63c57fcc312974d7649b2a88df79b2d3d401efde586009394660ff.png&#34;&gt;  &lt;br/&gt;
    </content>
    <updated>2026-05-21T05:00:52Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsqhp03n4ql6dfgp9vymxky43kjf7yy75nkvudx9jmjxzekucxytmszyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2fl6ejv</id>
    
      <title type="html">Congrats Luke!</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsqhp03n4ql6dfgp9vymxky43kjf7yy75nkvudx9jmjxzekucxytmszyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2fl6ejv" />
    <content type="html">
      In reply to &lt;a href=&#39;/nevent1qqsxtzvqlj9a7m8f987uxzfa3mm7hya2uf7g0gjdfsn25rr6mf8nl7s4c5jw5&#39;&gt;nevent1q…5jw5&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;Congrats Luke!
    </content>
    <updated>2026-05-11T13:33:12Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsxkzzr4rsg7me5jqddercdhx34wj0urm8xjre7lf0hw9386kcquvczyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2uuv5wx</id>
    
      <title type="html">SpiderPool&amp;#39;s large OP_RETURN activity has been accelerating ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsxkzzr4rsg7me5jqddercdhx34wj0urm8xjre7lf0hw9386kcquvczyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2uuv5wx" />
    <content type="html">
      SpiderPool&amp;#39;s large OP_RETURN activity has been accelerating lately -&amp;gt; Five in the last 7 days.&lt;br/&gt;&lt;br/&gt;Most recent one: a 10KB MP3 (royalty-free UI click sound from &lt;a href=&#34;http://SoundJay.com&#34;&gt;http://SoundJay.com&lt;/a&gt;) inscribed in a single transaction via three OP_RETURN outputs, using a &amp;#39;pwm1:&amp;#39; file-inscription protocol.&lt;br/&gt;&lt;a href=&#34;https://mempool.guide/tx/1ecf14fbbba8e5fb9bfbde9bde35b10f932c79bb4f979d3e0e477226855c7712&#34;&gt;https://mempool.guide/tx/1ecf14fbbba8e5fb9bfbde9bde35b10f932c79bb4f979d3e0e477226855c7712&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;BIP-110 fixes this.&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://thebitcoinportal.com/onchain/spam-analysis/op-return&#34;&gt;https://thebitcoinportal.com/onchain/spam-analysis/op-return&lt;/a&gt;
    </content>
    <updated>2026-05-07T11:00:56Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqspa34kqpu3km35klk6fncfcwr6lpl2my0s7qzjkjcjxxwlqwzyevqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2w3hhyn</id>
    
      <title type="html">Issue #24 is out. BIP-110 already shifted the game. Here&amp;#39;s ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqspa34kqpu3km35klk6fncfcwr6lpl2my0s7qzjkjcjxxwlqwzyevqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2w3hhyn" />
    <content type="html">
      Issue #24 is out.&lt;br/&gt;&lt;br/&gt;BIP-110 already shifted the game.&lt;br/&gt;&lt;br/&gt;Here&amp;#39;s how 👇&lt;br/&gt;&lt;a href=&#34;https://blockspaceweekly.substack.com/p/issue-24-bip-110-is-a-statement&#34;&gt;https://blockspaceweekly.substack.com/p/issue-24-bip-110-is-a-statement&lt;/a&gt;
    </content>
    <updated>2026-05-06T09:37:43Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsydyvqyc7uhf4v6lqrjpmw809rhydup5egn6kwejkvvw5e9nvawhqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2ld76y0</id>
    
      <title type="html">New issue: The 45% Problem 30% (3-year avg) → 37% (6 months ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsydyvqyc7uhf4v6lqrjpmw809rhydup5egn6kwejkvvw5e9nvawhqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2ld76y0" />
    <content type="html">
      New issue: The 45% Problem&lt;br/&gt;&lt;br/&gt;30% (3-year avg) → 37% (6 months ago) → 45% today.&lt;br/&gt;&lt;br/&gt;Bitcoin’s blockspace is getting flooded with non-financial data.&lt;br/&gt;&lt;br/&gt;The fee market won’t fix it.  &lt;br/&gt;Miners won’t fix it.  &lt;br/&gt;&lt;br/&gt;Here’s what will.&lt;br/&gt;&lt;a href=&#34;https://blockspaceweekly.substack.com/p/issue-23-the-45-problem&#34;&gt;https://blockspaceweekly.substack.com/p/issue-23-the-45-problem&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;  &lt;img src=&#34;https://blossom.primal.net/a32983699253438d17311abbda7c76b1c32cefb06b04b8db98699942335d0433.png&#34;&gt;  
    </content>
    <updated>2026-04-29T06:46:33Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqs90297l2wytxnrkaey0zg7dh96mw8p5nntvtt7w9hmdjczclxhv9qzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u20hvr6e</id>
    
      <title type="html">Bitcoin ASIC supply chain: Bitmain &#43; MicroBT = 82% of global ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqs90297l2wytxnrkaey0zg7dh96mw8p5nntvtt7w9hmdjczclxhv9qzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u20hvr6e" />
    <content type="html">
      Bitcoin ASIC supply chain: Bitmain &#43; MicroBT = 82% of global output. Both Chinese.&lt;br/&gt;&lt;br/&gt;Less known: most ASIC chips are fabricated at TSMC.&lt;br/&gt;&lt;br/&gt;The chokepoint is Taiwan.&lt;br/&gt;&lt;br/&gt;BMHI #22:&lt;br/&gt;&lt;a href=&#34;https://blockspaceweekly.substack.com/p/issue-22-mining-health-part-2&#34;&gt;https://blockspaceweekly.substack.com/p/issue-22-mining-health-part-2&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;  &lt;img src=&#34;https://blossom.primal.net/449c5b9dac1f222763ffb81c7788f9efa8c5a9a81b615d365a114bd700ba1f2f.png&#34;&gt;  
    </content>
    <updated>2026-04-20T10:19:07Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqs06k2lhxzs6atah8n2zpun4rlj8sq7jcfpdxnj6kx7hwe8vgh2edgzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u25m0uwf</id>
    
      <title type="html">Bitcoin Block Space Weekly #11 is out. BIP-110 is coming. The ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqs06k2lhxzs6atah8n2zpun4rlj8sq7jcfpdxnj6kx7hwe8vgh2edgzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u25m0uwf" />
    <content type="html">
      Bitcoin Block Space Weekly #11 is out.&lt;br/&gt;&lt;br/&gt;BIP-110 is coming. The only question is: who signals first?&lt;br/&gt;&lt;br/&gt;This week I break down the mining landscape: Who spams, who doesn&amp;#39;t, who&amp;#39;s most likely to make the first move, and my take on how activation plays out.&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://blockspaceweekly.substack.com/p/issue-11-who-will-signal-first&#34;&gt;https://blockspaceweekly.substack.com/p/issue-11-who-will-signal-first&lt;/a&gt; 
    </content>
    <updated>2026-02-16T14:26:06Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsqqpywrpv4g3uy43drh53u3drx983cape8gs4lq7wl4dcq0tpkpmgzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2fhph8g</id>
    
      <title type="html">0.08%... That&amp;#39;s the fee premium SpiderPool earns over Ocean ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsqqpywrpv4g3uy43drh53u3drx983cape8gs4lq7wl4dcq0tpkpmgzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2fhph8g" />
    <content type="html">
      0.08%... That&amp;#39;s the fee premium SpiderPool earns over Ocean by filling blocks with non-financial data.&lt;br/&gt;&lt;br/&gt;Issue #2 is out. The data on who&amp;#39;s filling Bitcoin&amp;#39;s blocks.&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://renaudcuny.substack.com/p/issue-2-f2pool-and-spiderpool-the&#34;&gt;https://renaudcuny.substack.com/p/issue-2-f2pool-and-spiderpool-the&lt;/a&gt;
    </content>
    <updated>2025-12-16T12:26:45Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsdpe8jwfgnr7stunvr3qj0d7uklmf4ksyrwfcgc4lvmhs30rce57gzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2yhwgf6</id>
    
      <title type="html">🧵 &amp;#34;Bitcoin is a ghost town&amp;#34; they say, pointing to ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsdpe8jwfgnr7stunvr3qj0d7uklmf4ksyrwfcgc4lvmhs30rce57gzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2yhwgf6" />
    <content type="html">
      🧵 &amp;#34;Bitcoin is a ghost town&amp;#34; they say, pointing to quiet mempools&lt;br/&gt;But in the last 3 months, $60B&#43; moved on-chain daily on average&lt;br/&gt;That&amp;#39;s 588,824 BTC flowing through the network every single day&lt;br/&gt;The &amp;#34;ghost town&amp;#34; crowd is measuring the wrong thing entirely... 👇&lt;br/&gt;&lt;br/&gt;2/ Here&amp;#39;s what&amp;#39;s actually happening:&lt;br/&gt;While transaction COUNT dropped slightly, transaction VALUE remains massive:&lt;br/&gt;&lt;br/&gt;$60B&#43; daily on-chain transfers&lt;br/&gt;4.3M BTC weekly (21.6% of total supply)&lt;br/&gt;Same volume levels as 5 months ago&lt;br/&gt;&lt;br/&gt;This isn&amp;#39;t a ghost town - it&amp;#39;s serious money moving seriously&lt;br/&gt;&lt;br/&gt;3/ Plot twist: Bitcoin on-chain value often EXCEEDS daily spot trading volume&lt;br/&gt;June 11th example:&lt;br/&gt;🟠 624,437 BTC moved on-chain&lt;br/&gt;⚪ 467,791 BTC spot volume&lt;br/&gt;Real Bitcoin → Real wallets vs. Paper trading → Same coins recycling&lt;br/&gt;Which one matters more? 🤔&lt;br/&gt;&lt;br/&gt;4/ What this actually signals:&lt;br/&gt;✅ Less speculation, more actual utility&lt;br/&gt;✅ Institutions moving capital quietly&lt;br/&gt;✅ Bitcoin working as designed: final settlement layer&lt;br/&gt;✅ Empty mempool = efficiency, not abandonment&lt;br/&gt;The network is maturing, not dying&lt;br/&gt;&lt;br/&gt;5/ The &amp;#34;ghost town&amp;#34; narrative completely misses the point&lt;br/&gt;Bitcoin isn&amp;#39;t about constant mempool chaos - it&amp;#39;s about moving real value efficiently&lt;br/&gt;What other &amp;#34;obvious&amp;#34; metrics do you think tell incomplete Bitcoin stories?&lt;br/&gt;&lt;br/&gt;🔍 Building tools to dig deeper into these questions
    </content>
    <updated>2025-06-12T09:21:30Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsy6ykdc94lf7ssvydsn4ju3furjxcnj44j268tr950f8w5gc9d0xqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u29t9ef7</id>
    
      <title type="html">Thanks!</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsy6ykdc94lf7ssvydsn4ju3furjxcnj44j268tr950f8w5gc9d0xqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u29t9ef7" />
    <content type="html">
      In reply to &lt;a href=&#39;/nevent1qqs2udychy5aa0q0uvh2jcr94666lczel60lfe99mt6p8s2lx65h8kqpr9mhxue69uhhyetvv9ujuam9d3kx7unyv4ezumn9wszvjsr5&#39;&gt;nevent1q…jsr5&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;Thanks!
    </content>
    <updated>2024-08-31T18:19:52Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsyqksqzh7wg8yxux6lchxqdmx7kqcxv9th0x9gtg6scxkedewehlszyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2h24v7f</id>
    
      <title type="html">Bitcoin: Overpriced or undervalued? Check my latest analysis ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsyqksqzh7wg8yxux6lchxqdmx7kqcxv9th0x9gtg6scxkedewehlszyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2h24v7f" />
    <content type="html">
      Bitcoin: Overpriced or undervalued? Check my latest analysis using regression trend lines to decode market signals. Find out where BTC stands today and what it means.&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://open.substack.com/pub/renaudcuny/p/riding-the-bitcoin-wave-using-regression?r=32un6z&amp;amp;utm_campaign=post&amp;amp;utm_medium=web&#34;&gt;https://open.substack.com/pub/renaudcuny/p/riding-the-bitcoin-wave-using-regression?r=32un6z&amp;amp;utm_campaign=post&amp;amp;utm_medium=web&lt;/a&gt;
    </content>
    <updated>2024-08-22T10:04:53Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqswtty6z3swxl0vma33rdr5r82ula6pd7v7mltywyhymtln32khazgzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u25pvxhr</id>
    
      <title type="html">See my latest article on Bitcoin price modeling: Bitcoin Price ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqswtty6z3swxl0vma33rdr5r82ula6pd7v7mltywyhymtln32khazgzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u25pvxhr" />
    <content type="html">
      See my latest article on Bitcoin price modeling:&lt;br/&gt;&lt;br/&gt;Bitcoin Price Modelling— An Alternative to Power Law &lt;a href=&#34;https://medium.com/@renaudcuny/bitcoin-price-modelling-an-alternative-to-power-law-4f280a390974&#34;&gt;https://medium.com/@renaudcuny/bitcoin-price-modelling-an-alternative-to-power-law-4f280a390974&lt;/a&gt;
    </content>
    <updated>2024-06-08T16:28:22Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqsv79kwfp0axc34p7vm95vtr56e9hxll8cz2hqyqq5wmq3lzc653tqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u283u0yy</id>
    
      <title type="html">How scarce is bitcoin? ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqsv79kwfp0axc34p7vm95vtr56e9hxll8cz2hqyqq5wmq3lzc653tqzyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u283u0yy" />
    <content type="html">
      How scarce is bitcoin?&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://www.linkedin.com/posts/renaud-cuny_bitcoin-blockchain-activity-7201550385939931136-S6qC?utm_source=share&amp;amp;utm_medium=member_ios&#34;&gt;https://www.linkedin.com/posts/renaud-cuny_bitcoin-blockchain-activity-7201550385939931136-S6qC?utm_source=share&amp;amp;utm_medium=member_ios&lt;/a&gt;
    </content>
    <updated>2024-05-29T19:43:41Z</updated>
  </entry>

  <entry>
    <id>https://njump.cloud.vinney.xyz/nevent1qqspthtmyj372eh5k6n3hkm3q00gexnwtwxrxn2tc0taepvhuqm6htczyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2mjzllg</id>
    
      <title type="html">How I see #bitcoin this year: - $80k by August - $150k by ...</title>
    
    <link rel="alternate" href="https://njump.cloud.vinney.xyz/nevent1qqspthtmyj372eh5k6n3hkm3q00gexnwtwxrxn2tc0taepvhuqm6htczyppwlg9x63qyaa5jg6nl7s4ugp4hpxxc7fgqssqmht78m3vs2k0u2mjzllg" />
    <content type="html">
      How I see #bitcoin this year:&lt;br/&gt;- $80k by August &lt;br/&gt;- $150k by December (assuming bull run starts in fall)
    </content>
    <updated>2024-05-06T17:18:12Z</updated>
  </entry>

</feed>