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@niftynei
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b/acc affiliate. more cringe than based. bitcoin, nix, next-gen dev ed @base58btc 👩🏫 ✍️ hosts @btcplusplus 💁♀️ runs @core_LN 🧡 sells @liquidityads
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for those of you extremely outside the software build ecosystem : a malicious open source dev tried to push an updated library that would allow for a backdoor on almost any linux machine
a guy caught it because it slowed his system down unexpectedly and he investigated
The xz backdoor is, well, setting a fire under the entire Linux ecosystem... but I'm also so impressed with how it was set up: 2-yr maintainership, oss-fuzz, etc.
...and who knows how long it would've stayed undetected if the injected sshd code ran faster (<600ms)
Highlights:
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i just liked a ted cruz tweet please stop this simulation i want off
🚨🚨The Senate is on the verge of passing legislation that would be TERRIBLE for cryptocurrency.🚨🚨
The infrastructure deal contains DANGEROUS provisions that would devastate crypto and blockchain innovation.
Supporters of crypto need to make their voices heard.
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ya'll. i've got it. i've figured out how to fix the environmental impact of bitcoin mining.
let's ban fossil fuels.
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After almost 4+ years, 487 comments from 19 reviewers...
the spec proposal for adding v2 opens (aka dual-funding) to lightning is officially merged as spec in LN!!
huge thanks to
@realtbast
@rusty_twits
@dusty_daemon
Matt Morehouse and countless others
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Covenants could take bitcoin to the next level
But bitcoin devs haven't done an amazing job at explaining what covenants actually are.
Here’s a simple breakdown of each new covenant proposal:
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@oldenoughtosay
he kept me in on the tea but was adept at preventing any of it from impacting me
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hate to be the one to break it to you but 35k today is worth less than 35k 6mo ago
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I’m so thrilled to see ego death doubling down on investing in bitcoin companies for the long term and excited to be onboard as a technical advisor for their next fund 🌕 🚀
A parallel system bringing truth, hope, and abundance to our world is growing much faster than people realize and we feel super fortunate to be a part of it.
ego death capital raising $100 million Fund II to accelerate the Bitcoin ecosystem -
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i know we’re in the middle of a raging bear but wow I’ve never been more bullish about the bitcoin dev ecosystem
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this is so fucking huge i cant yall
The President of El Salvador just explained how
#Bitcoin
works to his entire nation via a powerpoint.
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first dual-funded mainnet channel incoming 👀
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a lot of building in bitcoin focuses on the startup/builder culture, not enough focuses on the peer-to-peer cyberpunk freedom aspect imo
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holy hell its been just over 24hrs and there’s already 700 new students signed up for
@base58btc
’s latest class offering on Udemy 🤯
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hullo, it’s your favorite elliptic curve (secp256k1 of course) 📈
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shout out to that brief moment in the 70s where society was wild af
What is ignored or neglected by the media -- but will be studied by historians?
Here's the full list of 25 examples:
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nifty's guide for getting into bitcoin development, an impromptu thread
- read mastering bitcoin
- find a bug in the blockheader protocol
- start trying to figure out how to fix the bug
- read lots of BIPS
- read the whitepaper
- write an email to
@rusty_twit
- wait 3mos
-…
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the difference between eth and bitcoin protocol development has historically been that bitcoiners dont do complex shit because we’re too dumb to handle it
all the new “fancy complex toys on bitcoin” energy worries me. complex protocols are a fool’s errand
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i don't know who needs to hear this, but i've been substituting the word "shameful" for "cringe" for the last few weeks, and it's unlocked some stuff for me that was flying under the radar before
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the whole “bitcoin is used by criminals” is esp hilarious in light of ftx not having any
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psa that im taking a sabbatical from
@Blockstream
, ostensibly to work on building more curriculum
@base58btc
and finish the textbook i started a few years ago
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turns out inner mongolian bitcoin miners were burning coal this whole time lmaoooo
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the bitcoin community is really something special 🧡
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This is soooo huge!! Single balance lightning wallets are *here*
Swaps are now trustless.
Swap-outs (paying a bitcoin address) actually spend directly from your channel. You can choose the feerate, and use fee-bumping like with a regular on-chain wallet.
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@gptbrooke
i love that he drove two hours to get to this guy. he put the work in to that leap of faith and did not walk away disappointed like 🥹
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i haven't read all of the new Satoshi correspondences but just want to put out a reminder that great people's ideas aren't necessarily all great, and just because Satoshi considered xyz, that doesn't actually make it a good idea
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bitcoin doesn’t have a security budget problem, trying to “fix” it is a premature optimization at best
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personally i think maximalism is pretty well justified and important in terms of focus
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i'd really like to get more people helping out with c-lightning as a project, if you've been looking for a way to contribute to lightning but haven't taken the time to jump in, let me know in the comments what it'd take to get you off the sidelines 🗨️
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what’s really interesting about this is the relationship to *fantasy* as the unlock to unallowed/impossible things
OpenAI: We have the most sophisticated content filtering system in the world
OpenAI's content filtering system:
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whoa. “bitcoin investment demonetizing real estate” is a crazy thought. i can see the logic though
what do you think? Is bitcoin such a better investment that it’ll pull speculation out of real estate?
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if you’re quitting a project, please dont do it in the same breath as a vulnerability announcement
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“there is no work in proof of stake” ok but what are these proposed special purpose computation machines doing then
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wait a second. we let the guy who built microsoft, the shitty as fuck monopoly computer system company, get involved with how vaccines are patented/distributed
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big announce today: PeerSwap, a p2p lightning liquidity rebalancing tool 🛠 ⚡️
PeerSwap. A method for doing onchain swap with your peers. This condo improve dramatically liquidity on the lightning network
@Blockstream
@AdoptingBTC
#adopt21
by
@wtogami
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So last weekend me and some other Houston bitcoiners ran a hackathon. Here's what people worked on!
👇👇👇
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who told him.
Bitcoin has become legal tender in El Salvador.
Now that one country has tipped, who will go next?
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cusp of the 4th halving thoughts: im in a cult but i have no regrets
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bitcoin is for anyone, bitcoin is not for everyone
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feeling less and less crazy to say it: it’s actually incredible that we’re living thru the rebirth of hard money 💰
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well, this certainly explains why the eth blockchain might be a good place to deploy a token lol
NEW: PayPal stablecoin gives the company the ability to freeze and wipe your assets 👀😱
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prediction: stablecoins are gonna come to lightning + you’re gonna like it ⚡️⚡️😈
@tylercowen
The latter because I'm thinking about stablecoins. Some people think stablecoins are purely transition tech, and post-hypercryptoization BTC or ETH will be stable. I think there's a big chance this is wrong and even post-hypercryptoization we would still need explicit stablecoins
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MEV on bitcoin has arrived and it’s stupid af (*any* miner can steal your coins if they know to look for it)
The mempool is still a PvP zone for ordinals BRC-20 minters.
To minimize weight, some entities are deliberately omitting a signature check in their inscription commitments, making these outputs spendable by anyone who can guess the script.
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my grandpa passed away a few days ago; these are the last photos i ever took of him lol 😂 (circa sept 2020)
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honestly devs working on shitcoin protocols are definitely pretty far down the morally compromised path but i get far far far more upset about bitcoiners working on miner centralization tech
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damn this is so Mandibles
JUST IN: Brazil, Russia, India, China, and South Africa (BRICS) are developing a new currency, State Duma Deputy Chairman says.
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regular reminder that the way bitcoin wins is by bitcoiners holding cashflow positive businesses
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trying to make bitcoin a ledger for anything other than bitcoin is saying hard money is not enough, imo
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i should really run these things by a native speaker before posting them, how’d I do
@libdesatoshi
??
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working on the 'coinjoins explainer' bit for my bitcoin book right now and man i do not think any one is ready for how wild dual-funded lightning channels are gonna be
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babe, babe wake up. burak is explaining Ark in the Statechains channel
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Leave building fiat rails to the state bro, stop carrying their water for them
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i cannot *wait* for BOLT12 to be widely adopted
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wanna bet on the future of bitcoin? Sponsor a student to go thru
@base58btc
and if they get hired by a company that pays us a recruiting fee, we’ll double your money (pay u back their tuition x2)
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“if number of lives touched is the new measure of godliness, then [open source software infra is] certainly holier works”
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a bit of a longer discussion: the malicious code was added to a library called lmza which handles compressing and decompressing files
it was targeting a very important software program that most everyone uses to login to servers remotely, called sshd
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more than anything, bitcoin needs bolt12 as the universal standard. not tmw, yesterday.
here’s why 👇
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> big VC firms hand money to valley insider to do LN project
> everyone wants to be their friend b/c they’re hot + rich
> “big money solves big problems”
> they excitedly announce smthg
> it’s a Protocol for Compliance
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i really want a LN first bitcoin business exchange account where i can request an invoice, pay it, and have them insta-deposit the dollars into a linked bank account
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curious about nix + bitcoin?? check out this op-ed i wrote for
@BitcoinMagazine
about the project (and don’t forget to come to
@btcplusplus
this Oct in Berlin!)
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today's the 6th anniversary of me sending a question to a random email address i found on the internet (specifically in a bitcoin bip) cc
@rusty_twit
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new headshots doing a lot of heavy lifting here 😂
New speaker announcement!
We are proud to have
@niftynei
speak at
#Bitcoin2021
in
#Miami
!
Neigut is a Lightning Developer at
@Blockstream
and a former Software Engineer at
@Square
!
😎🌴
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s/o to burak for reclaiming the wizard title for actual magic computer works 🪄
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building on bitcoin is really fun, the devs are extremely smart+humble, the technical challenges are real and important; our decentralized protocols aren’t glamorous but they work 🤝
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live look of me torturing Prague dev/hack/day attendees with block building instructions during the
@base58btc
bitcoin LARP
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i had an amazing time teaching in El Salvador this past week. i absolutely love what
@stacyherbert
is doing with
@cuboplus
and am extremely grateful i got to be a part of the inaugural event. really looking forward to the next opportunity
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lowkey impressed at how bad the liquid narrative is; Blockstream shipped a legitimately zero-knowledge/blinded sidechain with the most decentralized federation footprint half a decade ago and all anyone cares about is no one they know uses it
Liquid is one of the most spectacular failures in blockchain history
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someone's misusing the term "splice" as it relates to lightning 😂
the technical term for "one payment goes through many channels to reach its destination" is a Multi-Path Payment, or MPP for short
every lightning node implementation supports it (and has for years)
At
@Lightspark
we're now confidently enabling $100k+ single transactions on the
#Bitcoin
Lightning Network for our clients. These are automagically spliced and happily reunited on the receiving end in a couple seconds. Reliable LN for larger transactions is here!
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absolutely enormous week for the
@base58btc
LARP project : filming our first ever instruction videos and teaching an amazing crew of educators and organizers on how to run their own LARPS
#larpnation
thanks
@OpenSats
for making this all possible and the Guadalajara bitcoin org…
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the Swan situation feels like a real commentary on lack of self-sovereignty (owning and investing in your own expertise for custody) resulting in lack of control over your own destiny
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incredible.
one reason they want texas to connect is so the rest of the country can “benefit”from all the investment Texas energy companies put into building more power capacity
power capacity that was incentivized by the unregulated market they’re aiming to disrupt by…
Greg Casar and Alexandria Ocasio-Cortez will unveil legislation tomorrow that they said will require ERCOT to connect to the nation's other major electric grids.
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👀
to this day, this is my favorite explanation of zero knowledge proofs
by zkOG
@zooko
it’s simple really
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finally realizing that bitcoiners’ whole point about pre-mines vs mining is that the upside in pre-mines is exactly like private company rounds: gated access to returns
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