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The filter debate gets a soft fork
Everything you need to know about the newly proposed filter soft fork


Happy Tuesday!
Over the weekend, an anonymous Bitcoin developer published a soft fork proposal that would include consensus-level measures to filter Bitcoin transactions.
With it, we now have a battle line in the “anti-spam” debate. To fork, or not to fork?
We cover the details of the soft fork, plus the latest headlines in Bitcoin!

Sunday afternoon, an anonymous account with no previous history (named “Dathon Ohm”) sent an email to the Bitcoin Development mailing list with a link to PR #2017, a new soft fork proposal by the anonymous poster to implement transaction filters at Bitcoin’s consensus level.
With that email, the multi-year debate between two Bitcoin camps–the “monetary maximalists” and the “network maximalists”–erupted into chaos.
A Bitcoin softfork is back on the table.
“...it has become necessary to move forward on luke-jr's ML proposal to temporarily limit arbitrary data at the consensus level,” the anonymous account wrote.
The so-called “Reduced Data Temporary Softfork” proposes a change that would allow the Bitcoin network to filter certain transactions at the consensus level instead of the relay (or mempool) level.
It’s a soft fork proposal similar to ideas floated by Ocean CEO, Bitcoin Core developer, and leading Bitcoin NFT critic Luke Dashjr.
The proposal does not technically have a BIP number–which helps Bitcoin’s development team keep track of various proposals–but Dashjr has said he would give it number 444, despite the large blowback on various Bitcoin forums. Dashjr is one of 6 BIP editors.
Click below to get the not-to-technical breakdown of Bitcoin’s latest softfork drama 👇️

Headlines by Blockspace
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TeraWulf signs $9.5 billion Fluidstack joint venture to add 168 MW of AI compute
TeraWulf (WULF) has expanded its strategic partnership with AI cloud platform Fluidstack by forming a joint venture to develop 168 MW of critical IT load at the Abernathy, Texas campus, under a 25-year hosting commitment worth approximately $9.5 billion in contracted revenue - link
Strive shares soar 33% on Monday after Mike Alfred announced stake of over 1 million shares
On 2:56 PM EST on Friday October 24, value investor Mike Alfred announced on X that he had acquired over a million shares of Strive Asset Management (ASST). The initial position amounted to just under $1 million. - link
Strategy acquires 390 Bitcoin as it skips MSTR issuance for the fourth week in a row
Strategy (MSTR) added 390 BTC to its holdings during the week ended October 26, bringing its total to 640,808 BTC at an average purchase price of $74,032 per coin and an aggregate cost basis of $47.44 billion. - link
Digital asset funds draw $921 million as CPI cools rate-cut fear: CoinShares
According to asset manager CoinShares, crypto exchange traded products and funds (ETPs and ETFs) saw $513 million in outflows last week in the wake of a liquidity cascade at Binance on October 10, bringing net redemptions since the event to $668 million—suggesting ETP investors largely shrugged off the shock. - link
American Bitcoin boosts strategic reserve to 3,865 Bitcoin
According to a company press release, American Bitcoin (ABTC) acquired 1,414 BTC during the period ended October 24, bringing its strategic reserve to 3,865 BTC and lifting its sats-per-share metric to 418, a 52% increase since September 1. - link

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On the latest Mining Pod, we dive deep into MARA, the largest public Bitcoin miner by hash rate at 60.4 EH/s. Despite leading in hashrate, MARA has lagged behind peers like Riot and CleanSpark with just a 5.4% YoY return versus competitors seeing double or triple digit gains. We break down the ownership structure of MARA’s current bitcoin mining operations, the company’s 96% US concentration versus 50/50 US/international goals, vertical integration moves, and why the market values AI/HPC megawatts over Bitcoin mining capacity right now.

Where we drop fun topics with nothing to do with Bitcoin.
On this day in 1886, President Grover Cleveland dedicates the Statue of Liberty, a gift from France in commemoration of the Franco-American alliance during the American Revolution. Also on this day in 1919, Congress overrides President Woodrow Wilson’s veto of the Volstead Act, ratifying Prohibition with the 18th amendment in what would become a 13 year ban of the production, sale, possession, and consumption of alcohol in the United States starting in 1920.
-CMH
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