my
@JeremyRubin
Followers
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Joined September 2011
a little longer form writeup of FE'd Up Covenants since some folks were asking for one.
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i got into Bitcoin as a 17 year old audit-the-fed-Ron-Paul libertarian. now, because of Bitcoin, we might see Ron Paul audit the fed. Historic.
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no babe, the entire global financial system is melting down, not just bitcoin.
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the government wants to tax crypto aggressively to raise $30Bn over the next decade, but they forgot $85Bn in equiptment in afghanistan. were i president i would simply not forget the equiptment.
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How.did.Wikipedia.build.a.high.quality.decentralized.information.cataloging.and.editing.network.without.a.token?.
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Bitcoin isn't fair, but a system where me and my friends own 20% is.
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2013 crypto: don't put a Bitcoin sticker on your laptop in case the TSA notices, detains you and searches your property for bitcoins. 2018 crypto: tsa advises which shitcoin to buy
Airport security persom at the checkpoint line saw my Ethereum shirt, said "Oh, Ethereum! You should buy TRX.".
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is kicked off!. it's the best technical track all Bitcoin Miami week, so if you're jonesing for more dev content we can always fit another pleb or two, dm for details if interested
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hot take: the infrastructure bill trying to sneak attack bitcoin is good for bitcoin.
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at the last @PlebFi, @_JustinMoon_ met @EricSirion and then founded @fedimint based on their ideations there. i want you to come to pleb fi and launch the next big thing
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If Jesus were born today, he would be a Bitcoin core developer and would likely be underfunded depending on his 12 GitHub Sponsors.
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Announcing a new project: POWSWAP. POWSWAP is a no-bullshit smart contract/platform for trading Bitcoin hashrate derivatives. What does no Bullshit mean? No middlemen. No oracles. No escrows. Nothing but Bitcoin. Sign up at Why is this a big deal?.
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laugh about the merge, sure, but i don't think that #bitcoin has anything close to the engineering capacity at the moment to attempt something of similar compelxity. it's like laughing at a spacex rocket failing a landing when you couldn't design a reusable rocket if you tried.
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. @elonmusk -- as you may know, @signalapp is now experiencing magnificent adoption (& scalability issues) after your Tweet. May already be on your radar but it is a donation funded project wink wink nudge nudge.
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married my fianceé last weekend🤵👰♀️. Here's what it taught me about covenant upgrades to bitcoin:
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I love blockchain week in NYC. All the people I normally have to avoid in SF are magically gone.
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@cz_binance if you reveal your private keys for the hacked coins (or a subset of them) you can decentralized-ly at zero cost to you, coordinate a reorg to undo the theft.
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wow a girl on a dating app just asked my height and when i replied 5'11" sent this back
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I wanted to enjoy my pad Thai in solitude, but the guy behind me is explaining 0x and relayers to his date.
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Only in SF do you have to read a whitepaper before deciding not to go to someone's houseparty.
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this isn't grandstadning. if this bill pases; i would likely have to relocate to continue the work i've been doing for nearly a decade. it's not my first rodeo with overly aggressive (and baseless) enforcements, but I assure you I won't stand to subject myself to another.
The first principle here should be: DO NO HARM. The Warner-Portman-Sinema amendment will drive developers to create software outside of the U.S. I urge my colleagues to oppose it and join me, @RonWyden, and @SenLummis in protecting American innovation.
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If you have 10k in btc and a 100k car you just need to wait a few years to be the person with a 10k car and 100k in btc.
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'Crypto governance' is just a bunch of geeks convincing the rest of the world to play dungeons and dragons with them.
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@JeremyRubin for extra deviousness, the `prefers-color-scheme` media query (supported in some email clients) can be used to hide text even in dark mode.
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On February 28th, 2025, I will endorse a covenant upgrade plan. If you don't care what I have to say, that's fine. But a variety of folks have been asking me to weigh in, and I do not want to be in the position of gatekeeping the formation of consensus. I don't personally plan to.
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worth clarifying: I don't give a single fuck if BIP-119 CTV specifically is activated or not. I want the functionality, in whatever form (eg noinput), to fix critical gaps in #Bitcoin's armor:. Decentralization. Scaling. Self Custody. Privacy. let's. fucking. go.
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many are satisified with where #bitcoin is because it has made them rich. i won't be satisfied until we are all free.
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I don't get this whole "buy the dip" thing. who tf has dollars to do that with?.
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Taxing unrealized capital gains is absurd, but it is even more absurd given that it is not inflation adjusted.
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I'm giving away 2.5BTC to my followers!. to be eligible just find a bug in bip-119.
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crypto "going maga" isn't a consequence of moral rot in crypto. it's a consequence of complete and utter failure of democrats to govern the industry fairly.
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I'm selling insecurity tokens. You're probably not smart enough to buy one.
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I earn $100/hr from work, making 1 gizmo/hr. Govt takes $40. I invest $60 in a company. It doubles in 10 years (7% apy). I sell my stock for $120. I owe $24 cap gains. I have $96. I can only buy a $90 gizmo, 7% sales tax -> $96. Why work?.
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Hot take: Honestly this whole defend crypto thing is kinda sickening industry hogwash, crypto isn't under attack, your shady business practices are. Kin probably is a security. Curious what the rejected SEC deals were, probably actually pretty friendly.
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The problem with Satoshi and Vitalik is that neither has built anything that’s actually profitable. At the crux of it they’re just really good snake oil salesmen. Stock promoters of the highest calibre. None of this is possible in tradfi. That’s why they’re intimidated by it.
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Broke: Journalists should learn to code.Woke: Programmers should learn to report.
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I don't love to be credit grubby, but you cant deny its Jeremy Season. 1 fedi -> founded from my bitcoin accelerationist conference.2 BitVM -> building block is my Lamport signature.3 Ark -> uses CTV, connector inputs (coin delegation), payment pools.Etc.
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after reviewing many different proposals and discussions over the last 2 weeks, it seems clear that CTV + CSFS is the next upgrade to Bitcoin. @stevenroose3's proposed roadmap, while presently short on specific detail as it gets drafted more formally, is the best way for use to.
On February 28th, 2025, I will endorse a covenant upgrade plan. If you don't care what I have to say, that's fine. But a variety of folks have been asking me to weigh in, and I do not want to be in the position of gatekeeping the formation of consensus. I don't personally plan to.
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proposed to my girlfriend this weekend.💍. Here's what it taught me about covenant upgrades to bitcoin:
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Satoshi wanted Bitcoin to have Covenants, but had to remove critical functionality due to vulnerabilities. Satoshi was wrong that we couldn't add more ingredients in the future, though, we eventually found out how to soft-fork in behavior. Things like OP_CAT, OP_CTV, OP_CSFS,.
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I'm selling private keys created with only ethically harvested entropy.
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so lemme get this straight. a bunch of authoritarian devs thought they can stop people doing a transaction they don't like. and now a certain set of miners are allowing any transaction at all. welcome to the wild west era of bitcoin.
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i don't know why it's today, but thank you 🤗.
It seems like today is show-appreciation day for @JeremyRubin . Huge respect for this Bitcoin developer, hope someone funds a big comeback.
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A trillion dollars isn’t cool. You know what’s cool? 21 Million Bitcoin.
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further the 85bn in crap is a bit like leaving the water running in your bathtub which overflows and then saying we wasted $100 of water -- the damage is bigger than the materials.
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You still have time to comment on I sent them an "unhosted wallet". h/t @jillruthcarlson for the reminder
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My 5 year old daughter just asked me "daddy why does @elonmusk hate us plebs". I told her to HFSP and go to bed. #parenting.
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Functional Encryption enables covenants on Bitcoin without a soft fork. You simply encrypt a covenant opcode circuit containing a particular private key, e.g., CTV. let F be your encrypted function under PK P. F takes as input a tx A, a covenant program C, and outputs.
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Cryptocurrency has done a lot of brain damage to the general public. people can't tell the difference between decentralized: participation, consensus, networking, governance, and many others. Spoiler: there are no 100% decentralized systems, it's a goal you can always improve on.
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today is international CTV FUD amnesty day. if you previously opposed CTV publicly, but now support it privately, you can reply to this tweet for the next 24 hours to receive an official pardon.
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I just published a BIP for transaction compression techniques on Bitcoin This would let you confirm a transaction which certifies payments to thousands of users in the size of a single output. Important tool for businesses. Welcome any and all review!.
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perhaps obvious:. i'm no longer actively involved in bitcoin development. still happy to chime in on an occasional question, but consider me on a sabbatical with no end date. no desire to do a mike-hearn-ragequit; so don't expect a new bitcoin obituary.
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rumour has it that a very specific certain bitcoin thought leader has never once done a transaction 🤭.
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The electoral map if just the set of complex numbers c for which the function f_c(z)=z^2+c does not diverge when iterated from z=0 voted
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1) activates our group identity.2) forces secret allies in government to be public allies.3) exposes enemies to bitcoin.
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toximaxis saying "see we were right" or "should have been more toxic" are missing the point:. you should figure out how to actually communicate the message to people more effectively and provide alternatives, or we'll see another cycle like this at some point.
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who is with me to build the Bitcoin developer to us senator pipeline. im eligible to run in '24.
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so yer tellin me a buncha unelected unaccountable lightning network dweebs had an invite only meeting in tokyo and decided for the rest of us bitcoin cant be upgraded?. no thanks.
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bitcoiners really need to up their ability to describe why ethereum isn't a new monetary standard without saying scam every other word.
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truthfully #bitcoin doesn't need cartel meetings to win.
I think @jack should get all the CEO’s of the largest #Lightning companies in a room & strategize how we change the world together.
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By popular request, LaTeX'd my ASICBOOST notes and diagrams + added a couple new sections. Enjoy! #Bitcoin.
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Yield Farming is just the same thing as an ICO, but designed to confuse the heck out of the SEC.
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muted and unfollowed a bunch of the accounts that said sats should be rebranded bitcoin. feels good.
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people will really be like "I'm into dogecoin" and not have a photo of them in the official dogecoin racing t shirt lightning a test tube menorah from a half decade ago
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i hereby challenge @aantonop to a debate over BIP-119. i propose that we use my speaking slot at @MITBitcoinClub #MITBitcoinExpo 2:40PM ET Saturday May 7th, 1 week from today. feel free to propose a moderator, otherwise I can suggest one.
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Just spoke to Satoshi Nakamoto of Bitcoin and explained to him that, because of the turmoil & disfunction in EOS and Tezos, I am asking that Bitcoin decrease block rewards, maybe up to 20,000,000 coins, to make up the difference. Prices to low! He has agreed!.
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reminder: copyright is a fictional property right enforced by the government to promote economic activity and nothing more .
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fuck, Greg Maxwell proposed to her in a bitcointalk post in 2013.
proposed to my girlfriend this weekend.💍. Here's what it taught me about covenant upgrades to bitcoin:
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all you need to know about covenants:. 1. utxos are supposed to be tiny little state machines.2. satoshi broke that to fix scripting DoS vulnerabilities.3. cat (or a few other related things) re-enable that.4. cat, generally speaking, makes the tiny state machines too big.5. ctv.
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i started @PlebFi in 2021 because i thought the agenda at the main conf was gonna be boring for me as a dev. i also started @ScalingBitcoin in 2015, the #MITBitcoinExpo in 2014, among others. troy is right. if you see a gap, start your own event.
If you don't like "THE" bitcoin conference, start your own. It's a permissionless movement, a leaderless protocol. I had a great time, but understand that some people want different formats, speakers, narrower/broader ideologies, or what have you. Go and do it!.
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Dear @elonmusk, . Our friend @ummjackson is one of the greatest artists of our time, creator of long running participatory performative art piece known as dogecoin. Please send him to the Moon on the trip for artists. Yours truly,. Jeremy Rubin.
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@bradfitz def print_largest_even(a: List[int]):. print(a). The largest even integer will be printed.
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psa: i strongly consider quitting working on #bitcoin at least once a quarter. most devs are probably similar. put that in your stock-to-flow model and pump it.
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These hackers lack creativity. I would have simply shorted $TSLA and then tweeted "SEC suck my nuts taking $TSLA private at $2000" from @elonmusk's account.
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