mononaut
@mononautical
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developer, spacefaring primate, international treasure hunter. building for Bitcoin at @BitfeedLive and @mempool Find me on Nostr at mononaut@monospace.live
NGC 2174
Joined April 2021
ever the contrarian. MARA appears to have raised their minimum relay fee back to 1 sat/vb
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ah sweet, more man-made horrors beyond my comprehension!. ✅ op_return ASCII art.✅ +10,000 other op_returns.✅ 42069 sats change output.✅ taproot annex says "labitbu".✅ control block encodes animated labitbu webp.✅ oversized transaction (268.69 kvB)
f08fd61d48f79eeb0c4bc9e58f2d7ecad0e20e5d6411b588590cb0480c8e7fbe.
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you can spot these transactions using the "Version 3" filter in Mempool Goggles. here, opting in to TRUC rules using version 3 allows zero fee transactions to be relayed and mined as part of a package where a child transaction pays the fees.
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Version 3 is used for TRUC (topologically restricted until confirmation) transactions and ephemeral anchors
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Version 3 transaction adoption is starting to take off, just 10 months after being standardized in Bitcoin Core v28.0
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this will be the sixty-ninth time we have banned bitcoin, and we have become exceedingly efficient at it
BREAKING: China has officially banned cryptocurrency trading, mining, and related services.
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maybe the real Taproot Assets were the Labitbus we minted along the way.
here's what one of those transactions looks like. the third item in the taproot witness data is called the "control block", and is being cleverly (ab)used to store this 4kB png file.
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despite being free to mint and totally uncapped, early labitbu taproot assets are allegedly already being traded OTC in chinese degen groups.
Feels like early inscriptions OTC days .This is Labitbu OTC .NFA, you know the risks of OTC .Soon we get indexed, which I'm sure @stutxo will figure out .Then comes support from @XverseApp @ord_io @MEonBTC
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here's one such 128-level-deep path through a taproot merkle tree. each of the "dead end" branches in this tree is a fake hash containing 32 bytes of arbitrary data.
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as it turns out, you can build merkle trees out of fake branches containing arbitrary data instead of real hashes. which means you can store 128 levels × 32 bytes = 4kB of arbitrary data per taproot spend with ~zero overhead!.
Pretty sure you can inscribe up to 4KiB in the taproot control block with almost zero overhead, and you can't filter that without censoring potentially valid monetary transactions.
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this is possible because taproot commits to merkle trees of possible scripts up to 128 levels deep. to spend, you present one such script, plus a key + list of hashes describing a path through the merkle tree that proves it committed to that script. this is the "control block".
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here's what one of those transactions looks like. the third item in the taproot witness data is called the "control block", and is being cleverly (ab)used to store this 4kB png file.
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the labitbu craze is getting out of hand 😅. each of the hundreds of chunky dark green transactions here contains a collectible pixelated rabbit(?) encoded in the taproot control block.
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in case you missed it - Simplicity is live on Liquid, and now supported on
I created a Simplicity transaction for @Liquid_BTC and got it into the first block it was active (#3 477 600). Here's how I did it.
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what gives people feelings of power:. money.🟦🟦.status.🟩🟩🟩.holding one of the 5 keys to the 130,010 BTC utxo.🟧🟧🟧🟧🟧🟧🟧🟧🟧🟧🟧🟧🟧🟧🟧🟧
The largest Bitcoin UTXO holds over 13 trillion sats (130k+ BTC) and is locked in a P2WSH 3-of-5 multisig with all 5 of its public keys exposed. If you had a quantum computer and wanted to cause the most chaos, this would likely be one of your primary targets.
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me: Mom can we get paper bitcoin?.mom: No, we have paper bitcoin at home. paper bitcoin at home:
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