1/ Bitcoin maxis are a dying breed. While there was a time where ~everything except Bitcoin was basically a scam, that hasn't been true for a long time, and the smart money has moved on to figuring out which projects are going somewhere, and which are straight pump-and-dumps.
Just so we're all clear - if Bitcoin mining ends up regulated as a broker in the US (pushing it overseas), the transition of Bitcoin mining to clean and otherwise-unused energy will be delayed, pushing us back a decade in the reduction of carbon emissions from Bitcoin mining.
Being a Bitcoin Core developer is a thankless job. I once told another now-former developer that “Bitcoin will never succeed because of our work, but it may succeed in spite of our flaws”.
So much respect for those who have contributed longer than I and contribute today.
5/ Focus on why Bitcoin is unique, talk about the difference of approach and conservatism and a focus on why Bitcoin is the only real candidate as a truly neutral currency for the internet. Point out how funding models change neutrality, but don't call that a scam, cause its not.
This is absolutely awful.
Anyone working on this should seriously reconsider why they're working on "cryptocurrency" at all - enabling more effective global, automated blocking of coins based on things like chainanalysis is breaking the biggest reasons why cryptocurrency exists!
No,
@github
, nuking a user and removing all history they ever had on the site, as if it hadn't exist, doesn't only effect that user, it screws over random unrelated projects that the user contributed to.
2/ This is particularly damning to Bitcoin b/c, instead of its most vocal proponents explaining why Bitcoin is great and unique, its most vocal proponents spend all their time just attacking other projects. Sure, some of them are scams and may deserve it, but it doesn't help BTC.
This is absolutely disgusting. Hal’s bitcoin were sold long, long ago to help pay for ALS treatments. Treasure hunters have since harassed Fran (Hal’s widow) seeking some billions in bitcoin that she doesn’t have.
Alleging some is satoshi is incredibly dangerous. Don’t do it.
1/25
I've always thought that Hal Finney was the main person behind Satoshi Nakamoto (Supported by 1 or 2 other minor characters)
And I think the new emails help back that up overwhelmingly:
Craig Wright has discontinued his claims against Bitcoin developers (incl me) in the TTL case (where he was asking for a fork of bitcoin that seized random coins and gave him free money)!
So excited to be joining the
@sqcrypto
team over the coming weeks. Experimenting with different models to accelerate Bitcoin OSS is awesome!
Gonna miss the
@ChaincodeLabs
folks, but given they host anyone who works on Bitcoin OSS, I'll probably be there every other day anyway.
BIG NEWS: Please welcome
@TheBlueMatt
to Square Crypto. Woo! THINGS ARE HEATING UP EVERYBODY GET IN HERE LET’S PARTY 🌀🔥🌀🔥🌀🔥
*A lone figure watches from afar, their haunched shape a dark smudge against the gathering gray sky… Gary?*
Today, on the last day of 2021, 3 more nuclear reactors will be shut down in 🇩🇪 Germany & in 12 months the last 3
Nuclear energy is expensive, causes CO2 & pollution (e.g. uranium mining), severe accidents & there is not a single repository to store the waste for 1 million years
No, Lightning’s not broken, yes we have work to do, no, you don’t need to worry.
I’ve always been very consistent - Lightning is (currently) for channel counterparties you trust to not to do a ton of work to build novel software to attack you. This hasn’t changed.
While doing UI explorations, I started wondering if we can get away with not mentioning the term Lightning whatsoever? As a user, my need is not to “use Lightning”. What I want are instant, cheap payments to pay for things hassle-free.
This is completely and totally unacceptable and needs to be fought in court, in lobbies in Brussels, and ultimately in ads for voters. Its time to take back the mantle of privacy. Privacy isn't evil, its critical for everyday people.
The
@SECGov
twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
Bitcoin Twitter really underestimates how much damage it has done to Bitcoin.
Smart people who'd've do great things with Bitcoin working elsewhere, smart people working on Bitcoin projects having a hard time finding funding because VCs don't see any "momentum" on BTC...
PSA: If someone tries to quote Bitcoin carbon emissions *per transaction*, you can immediately ignore the rest of their argument since they don't know what they're talking about.
3/ The "narrative wars" are coming, arguably are already here. With ETH (finally) moving to PoS, people who've only heard about how "PoS won't work" from Bitcoiners will have even less reason to care about what Bitcoiners have to say.
It’s sad how far the Bitcoin community has drifted from the oldschool cypherpunks. From significant misinformation to a focus on its flaws, the cypherpunk community has lost sight of one of its greatest achievements. We need better outreach to so many.
Dunno how British libel suits work, but if anyone needs an expert witness to state, unequivocally, under oath, that Craig is a fraud, I always fancy a trip across the pond (and I'll help organize others).
Cc
@prestonjbyrne
@PeterMcCormack
4/ And because of the "us-vs-them" culture that has developed in cryptocurrency, many ETH folks (like Ripple before them) will move on to lobbying regulators to make it harder and harder to access Bitcoin "because PoW boils the ocean".
I miss the days when we could be friends with people without passing a political purity test to prove we have the exact same view on controversial cultural issues.
Finally published a draft of the mining protocols I've been working on for a while today. Lots of potential to make mining more effecient, more secure, and more decentralized. Also discussions at and
We will create a civilization of the Mind in Cyberspace. May it be more humane and fair than the world your governments have made before.
- J. P. Barlow
RIP
TIL Square is hiring software engineering and business leads for the Bitcoin hardware wallet. If you wanna work with a killer hardware team, this seems like a good opportunity.
I’m realizing more and more each day that most folks in Silicon Valley have forgotten most everything they knew about Bitcoin, and certainly don’t know much about what’s going on in it today.
@HodlMagoo
See? That’s a generally solid comparison, without resorting to the term “scam” or accusing a popular system of having no utility, when it clearly does. That’s the kind of argument that is useful to make.
Looks like BSV is (finally) setting up the ability to steal random coins so they can dump them on the market to keep the scam going. Definitely time to get out...
The more I think about it, the more saddened I am about this whole
@signalapp
/
@MobileCoin
thing. I mean sure we all saw it coming, but I was really hoping they'd end up walking away before it was too late.
More accurate title: "Ethereum doubles down on Consensus Group Centralization, ensuring large custodians (ie Banks) have the ability to censor transactions and frontrun trades".
If I see someone talk about who might be satoshi, I lose all respect instantly. Ignore whether we should or shouldn’t, accusing someone of being satoshi puts them at very real physical risk.
There’s plenty of people who want to kidnap satoshi seeking some bitcoin. Don’t do it.
Everyone has to relearn the lessons bitcoin learned many years ago. Usually with lots of noise about how they’re different for a few years until they come around to the same system design.
If you want to make BIP300/drivechains/decentralized sidechains happen in a way that isn’t embarrassingly insecure, work on StratumV2, work on Braidpool, bring P2Pool back.
Without substantial increases in mining decentralization these things make zero sense.
If you think OSS licenses matter and devs should be free to contribute w/o fear of multi-million-$ SLAPP lawsuits, this case matters.
It says bitcoin on the tin, but it’s about all of OSS. And yes it’s really costing millions to defend the MIT license.
Great succinct answer to "why not PoS". May work great for some systems, but doesn't make sense if you care about Bitcoin's values and it being the "gold standard".
As Google (and FB and...) are increasingly no longer cool places to work, the quality of engineers is, over years, going to suffer. Those with any sense of awareness are leaving/have left, but even teams like security are gonna get worse.
It's time to stop trusting GMail/Cal/etc
At-scale PoS *is* today's banking system (with improved interoperability).
Interoperability is nice and provides some utility, but the significant costs of dealing with censorship risk makes it a wholly different product from anything Bitcoin has ever been about.
I first learned about bitcoin ten years and a week ago, and started contributing in March. So much has been accomplished in ten years, and some of what was discussed back then is being built out today
Bitcoin isn’t a race, but it’s great to see so many developers building on top
Don’t use this.
The trust model is horrid for end users, and LN in BtcPayServer is better anyway.
If you want to move money between exchanges (that support it) use Liquid, if anyone tells you to use it for anything else, treat them like they’re trying to steal your Bitcoin.
Seriously, screw Bitcoiners sometimes. Instead of getting triggered when people legitimately point out that toxic culture has driven away quality people, maybe take a deep breath and think about what you can do to improve it?
As always, donate to
@coincenter
and other Bitcoin regulatory advocates so that we stay informed and make sure we have a voice in the research that goes into these kinds of reports, and future laws and regulations that come from them!
It’s time bitcoin had a way to specify human-readable names for payment instructions.
LN Address has demonstrated the utility of such names, but it’s time to take it beyond just lightning and remove the dependence on HTTPS/CAs.
My personal feedback to
@USTreasury
and
@stevenmnuchin1
's ill-conceived cryptocurrency regulations. Sadly I can't submit them directly until Wednesday when the regulations are formally published, but until then, hopefully they provide inspiration for other comments.
It’s sad when a sitting member of the US Congress seriously argues that China is beating the United States in restricting their citizens’ freedom and that the US needs to restrict freedoms to compete.
Shame
@BradSherman
, shame.
Your regular reminder that, no, it does not make sense for Bitcoin to "just switch to PoS". The strong centralization pressure of PoS may be perfectly fine for an "application platform" with different goals, but BTC is focused on censorship resistant money above all.
See video👇
Your regular reminder that PoS is, fundamentally, a small federated system. A federated system like
@Liquid_BTC
or
@BinanceChain
has a strictly more visible, but otherwise identical security model and is arguably strictly safer.
So many bad “it’s not a bailout” takes. If the fed gives a bank cash in exchange for securities who’s open market value is substantially less than that cash, that’s a bailout folks!
Over the last year or so, Tamas had been hard at work leaving a legacy of better bitcoin SPV client libraries. While they’ve been a one-man project up to now, he was a talented man and his work is worth checking out and continuing.
RIP
@TamasBlummer
. These past three years you fought cancer, and you fought it valiantly. I will dearly miss your friendship, wise words, and humor. Thank you for the many lessons on Bitcoin and life. It hurts to say goodbye.
“Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added.”
Wait WHAT, the government making explicit decisions on who gets a bank account.
1/ It's long since time the bitcoin community spent a ton more effort on recruiting and ensuring underrepresented groups (incl women and especially folks with a different background) feel welcome in the community.
.
@mobilecoin
's claims about why they had to create a whole new token/chain are utter nonsense. With the same security model (ie SGX) you could trivially just run hyper-scalar Bitcoin wallets, hyper-scalar private stablecoin wallets, or so many more. A new coin is just free $$$$$.
.
@IRSnews
Please audit me claiming I owe taxes on hard forks airdrops I didn't know about, never could practically (legally) convert to fungible assets, and never did receive. I'd very much love to bring this in front of a judge.
While everyone was distracted with the NYS behind-the-meter-fossil-fuel mining ban, policy makers are still talking about attempting to apply the travel rule to "unhosted" wallets.This is, by far, the most important fight in the ability-to-use-Bitcoin regulatory front.
A censorship-resistant system must be designed to resist censorship at the protocol level, rather than relying on each participant to act conscientiously and refrain from censorship.
The Internet and TCP/IP have failed this. Bitcoin should learn from the failure.
Building user experiences that require anything but a phone may only miss 40% of westerners, but it misses 98% of Bitcoin’s target market - no home internet/only mobile phones is highly correlated with underbanked, even in the west, especially in the US. - convo with
@fanquake
Bitcoin maximalism is dead, long live the sensible Bitcoin-is-by-far-the-best-money maximalists who are retaking the brand from the toxic social signalers previously synonymous with the term.
Jameson puts it well, even if it’s long.
@TuurDemeester
In 2011, as a high school student who didn't understand what a pointer was, the
@bitcoincoreorg
developer community (especially people like Greg Maxwell,
@pwuille
, etc) worked with me to make my shitty patches worth merging and made it a great environment to learn in.
Good time to resurface this old post.
Bitcoin is one of Cypherpunkdom’s Greatest Achievements, and it has a lot of improving yet to do, but let’s not lose sight of the huge accomplishment it represents, over some misconceptions or current limitations.
We are excited to announce the release of the Liquid full node binaries & source code! Now any user can join the
#P2P
#LiquidNetwork
by operating a full node, in order to trustlessly use the
#sidechain
just like with the
#Bitcoin
#blockchain
. ⛓️🌊🔐💎
Now back to posting exclusively about how awesome the lightning network is and how its bringing truly censorship-resistent dont-trust-anyone payments to anyone who needs such a system...at least once I finish these last few PRs...
Incredibly sad day for bitcoin.
There’s a huge diff between inscriptions (adding data you can trade) and “rare sats” (assigning excess value to arbitrary coins).
Fungibility is a core part of the bitcoin value proposition, and this undermines it.
Quite possibly the dumbest thing ever said about bitcoin. Yes, I know there’s a lot of competition, but I really think this may have won. Even better that it was said under oath in a court room.
Thanks, CSW, I can’t stop laughing now.
The genesis block anchors the entire bitcoin blockchain. If it's spent the ENTIRE CHAIN WILL UNRAVEL 🤣🤣🤣🤣😅😅😅😅😂😂😂😂😂🤡🤡🤡🤡🤡🤡🤡🤡
(okay here I think I quiet-laughed out loud and bailiff looked over to me like YO!)
Your regular reminder that PoS is, fundamentally, a small federated system. A federated system like
@Liquid_BTC
or
@BinanceChain
has a strictly more visible, but otherwise identical security model and is arguably strictly safer.
Lets take Segwit2x's failure as a learning experience - Bitcoin's community is strong, and needs to broadly support *any* changes to Bitcoin's consensus rules. Future proposals must *start* by soliciting broad community feedback, not just an afterthought!
Locally-Sourced, Organic Bitcoin: Opening a Lightning Channel with your own Lightning implementation, then mining the opening transaction with your own mining software stack with your own hashpower.
I feel like I may have rewritten the world here...
US Treasury hits BitGo with sanctions violations on non custodial wallet
- Settlement of $98830 for 183 apparent violations of sanctions programs
- Complaint claims that BitGo should have done IP address screening
archive:
Coinbase may be a very successful company, but they’ve never significantly supported the broader ecosystem on which they’ve built their business. Worse, historically they’ve actively hampered the underlying systems.
Luckily they’ve been trying to turn around, but not quickly.
Someone I respect messaged me confused about why I'm throwing shade at Coinbase instead of being happy for them and what they've done for Bitcoin. Full transparency, here's my response.
.
@AjitPaiFCC
just literally used "High Volume Bitcoin Mining" as an example of why we *should not* have net neutrality....I'm pretty sure he doesn't have any understanding whatsoever of Bitcoin...
I supported
@SenToomey
cryptocurrency amdt. I know of its importance to innovation & job creation, but I believe it pales in comparison to the security of our nation–which is why I called for a vote on my defense infrastructure amdt. It's unfortunate that Dems blocked both amdts.
Glad I work for a company with a CEO who understands how to look past buzz words and technical handwaving even when FB goes around telling folks about all the revenue they'll get if they join Libra...
Will Twitter join the Libra Association?
@jack
says, “Hell no”
Says it was “completely incorrect” to label Libra as a cryptocurrency and says it’s “not an open internet standard.” Says it’s not consistent with what he personally believes. $TWTR $FB
@TheCicero2
@Blockstream
The kind of "let's be mean just because it's fun" culture exposed by a number of
@Blockstream
folks and their management is a lot of what's wrong with (a small subset) of the Bitcoin culture.
Right. This.
“Sharding” is, at this point, just a term for “we’ve made the block size 10x bigger and pretended we didn’t by making it more complex”.
No, you just made every node blindly trust miners, who 50/50 aren’t validating either cause it’s way too slow.
What Ethereum's proposing for sharding further breaks this by essentially requiring miners to have all the shards, which is... not sharding, it's just further redefining 'full node' to mean less than it did before.