FOMO

Dear @GracyBitget, I would like to bring to your attention a serious incident that occurred on Bitget yesterday as a second-order effect of the hack. Despite the exploit occurring only hours earlier, with withdrawals still frozen, Bitget made a delisting announcement for $DOG. The combination of the $DOG delisting announcement, the inability for users to withdraw, and broader trust concerns following the hack resulted in a significant price dislocation event for $DOG on Bitget. Making a delisting announcement while withdrawals are paused, particularly just hours after a major exploit and during a period of heightened market uncertainty, is highly abnormal for an exchange. This is the type of behavior one might expect from smaller, less reputable exchanges, but not from an established and respected exchange such as Bitget. As a result, $DOG's price on Bitget has significantly decoupled from prices on other exchanges, directly impacting Bitget users who hold or trade $DOG. Bitget has been a popular and trusted venue for trading $DOG for two and a half years, and it is disappointing to see longtime $DOG holders negatively affected in this way after being loyal to Bitget for so long. Furthermore, $DOG is a major cryptocurrency project with one of the strongest and most active memecoin communities in all of crypto. It is difficult to understand the decision to delist a $100M+ asset like $DOG, which has generated more than $1B in trading volume on Bitget, while the exchange continues to list hundreds of significantly smaller assets with communities that are only a small fraction of the size of the $DOG Army. On behalf of the $DOG Army, I would therefore like to formally request that Bitget reconsider this decision and reinstate $DOG spot trading. Doing so would help address the market dislocation created under these unusual circumstances and demonstrate Bitget's commitment to its longtime users. Thank you for your attention to this matter. We also wish Bitget the best in recovering the stolen assets and resolving any other issues arising from the hack. Sincerely, $DOG Army

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”