Heavily Armed Clown
@heavilyarmedc
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Not fun at parties.
Joined December 2017
Bitcoin is programmable money. Not a data storage protocol. Just because some people (stupidly) try to use Bitcoin as a (very expensive and wasteful) data storage protocol, is not a good reason to make Bitcoin dumber, less programmable money. Conflating data storage with
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I don't always have time to get through all of my thoughts on these but Bitcoin SV was reducing programmability of Bitcoin AS MONEY, while simultaneously pitching the blockchain as a data storage protocol. It's a very subtle bait and switch. The hint here is the number of goofy
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@heavilyarmedc I'm suggesting that Bitcoin's script should have OP_RETURN locked to it's actual purpose Which was to terminate scripts only, not store arbitrary data with The Witness locked down against arbitrary data And the remaining scripts ossified
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@shinyazurill Yeah dude nobody really cares about eth its a technical dumpster fire. About half of the hacks on that list were reentrancy vulnerabilities (turing completeness strikes again), the rest were entirely the fault of whoever coded up the contract
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"Futures markets are fiat and not what bitcoiners do" For those of you newer to Bitcoin, the last time there was a contentious fork, a futures market in 2017 was put up by Bitfinex. @GrassFedBitcoin will tell you with a straight face they have high conviction in their fork, but
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Paraphrasing at 31:00 Bitcoin must be programmable if we want it to scale in perpetuity, without solely relying on trusted custodians to get us there. Programmability is a core feature of Bitcoin's design. If you don't like this, there are (less interesting) alternative money
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@thomasfelix Yeah its so far fetched that people would just follow the lead of vitalik & the eth foundation which has been funding the ecosystem ever since they premined and sold 70% of the token at launch. Really a mystery.
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Not getting anywhere near Lava, it seems. Someone I trust was working there, so I thought they could be a thing, but he left shortly after joining saying that "yeah they're not really doing the DLC thing anyway", so I wrote them off at the time already. Seems like he was right
I'm blocked on all channels by Shezan and Lava, so I did miss most of the drama but various people reached out to me about my opinion. TL;DR; do your own research. I'm usually not someone who shares much, but, recent news about Lava becoming apparently a custodial solution
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"Futures markets are fiat and not what bitcoiners do" For those of you newer to Bitcoin, the last time there was a contentious fork, a futures market in 2017 was put up by Bitfinex. @GrassFedBitcoin will tell you with a straight face they have high conviction in their fork, but
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"The fact that Lava could unilaterally move user collateral confirms this. It implies only two possibilities: 1. The user's private keys were never private. 2. The Lava-controlled oracle published false data to move the funds." Oops?
Lava announced a $200M fund raise and a new Bitcoin Line of Credit (BLOC) product. However, the thread below shows a painful, real-time example of the #1 risk in Bitcoin lending: counterparty risk hidden behind a veil of "trustless" marketing. We are seeing several red flags
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Their own TOS said this wasn't possible. This is crazy
@wsfoxley @JakeBlockchain @MarediaShehzan @lava_xyz > Did I sign a bunch of pre-signed tx that gave them control over the entire loan? the fact that you don't know what your wallet is signing is unacceptable. very surprised.
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