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"The best way to make Bitcoin fail is to believe that its success is guaranteed. [...] The big compromise in a strongly decentralized system is that it's all of our jobs to look out for it."
- Greg Maxwell
Ruben Somsen
7,152 posts
Ruben Somsen
@SomsenRuben
Bitcoin Sorcerer
SwiftSync, Silent Payments, Spacechains, PoW FP, Statechains
@2140_dev co-founder
PGP: 9878 C48E 7D45 2F8E AEB2 3EB6 4DFA 005F 1358 625F
- Ouch! ABC has hard forked 25% of their nodes OFF the network and soft forked twice WITHOUT a node majority! 🤯 80% has no fork checkpoint, 90% has no 10 block rule (2x worse if you count BU nodes)! If miners make a 10 block fork, all UPGRADED users get forked OFF the network 🤦♂️
- Bitcoindev mailing list update - it's bad. Turns out we did get more info, but in our spam folder (ironic). Apparently we're "permanently removed". Our transgression? We're "unwanted content". Really Google? Open source development is "unwanted"? Guess we're migrating again😢
The bitcoindev mailing list is temporarily unavailable. Please bear with us while we sort this mess out. To my knowledge nothing inappropriate has been posted. A manual review has been requested - hopefully that will resolve it. groups.google.com/g/bitcoindev - Roger Ver's(e) new ICO for his Bitcoin(.)com platform is called "Verse" – a final cash grab for a failing business?💸 It includes everything under the Bitcoin(.)com brand (app, news, services). And it's not even a token on BCH, but an ERC-20. Jesus...🤦♂️ getverse.com/verse-whitepap…
- Multisig bug in BSV exploited, funds stolen🍿 BSV ripped out the existing multisig (p2sh) and replaced it with a threshold script that was SUPPOSED to accept X sigs or more, but instead accepted X or LESS (including zero)🤦♂️ Full thread by Maxwell (nullc)
- The Silent Payments BIP is finally out for review, together with a WIP implementation for Core. @josibake and I worked hard to get this polished and ready. A single silent payment address is enough to receive funds from anyone without loss of privacy🤫 lists.linuxfoundation.org/pipermail/bitc…
- 1/7 I often hear people say they want SNARKs (STARKs/zk-sync/zk-rollups) for #Bitcoin, but most are confused what that even means. Common misconceptions are that SNARKs provide something like 100x scaling and that this one "simple" change would enable any functionality they want.
- 1/9 Blocks WILL be full sooner or later. We're not making smart use of block space, so we're likely to experience a bumpy fee ride until people adjust their behavior. It's human nature to want to deny unpleasant truths, but it's better to be ready. Here's what you need to know👇
- #Bitcoin isn't here to fulfill your wishes. Fees may not always be cheap. Mining may use more electricity than you'd like. Confirmations aren't instant. What matters is that we improve the tech WITHOUT sacrificing what made it valuable in the first place: decentralized consensus.
- Yes, Craig Wright is still a fraud and is trying to deceive you once again by saying "copyright registration". Don't fall for it. See Wikipedia: "It is a common misconception to confuse copyright registration with the granting of copyright."
- Cold storage idea: Grow a tree around your steel back-up mnemonic Botanic experts needed to assess viability
- 1/7 I just posted my initial feedback on Taro to the bitcoin-dev mailing list. I'll summarize it in this thread. Taro closely resembles RGB, a protocol I studied extensively, so I'm more familiar with the limitations of both designs than most, and was able to point them out.
- 1/4 Update your @Ledger hardware wallet ASAP if you haven't already! Last month Ledger released v1.5.5, stating that it contained a "critical security fix on the Bitcoin app" ( ledger.fr/2019/01/16/led… ). I wondered how serious it was, and today I found out the answer...😮
- The BIG block debate rages on as BAB and BSV fight for the BCH throne in a race to see who can produce BIGGER blocks. Coingeek is showing us how it's done by producing a 32.91MB block! That's 0.91MB bigger than the 32MB limit of BAB! Uh, hold on... this entire list is in kB... 🤔
