Connor Murray

I like Bitcoin, and opinions are my own

[Connor Murray @Bitcoin_Beyond]

Amazingly said, Kurt!

[Kurt Wuckert Jr @kurtwuckertjr]

On yesterday's show, I opened with my thoughts on @CalvinAyre's announcement.

If you want to read it in whole, check it out:

*******

Calvin Ayre just gave away his BSV, and I think that's bullish.

On November 9, the Bodog founder and longtime backer of BSV, Calvin Ayre, announced that he has donated his BSV to the BSV Association and has launched the Ayre Think Tank, and I think it is the most bullish news this ecosystem has had since Teranode shipped.

Let's be clear about what this man paid to get us here.

Calvin put his own money behind restoring the original Bitcoin protocol when almost nobody else with real money would touch it, and he did it at tremendous personal and financial cost, through years of lawsuits, delistings and daily character assassination. But my view on it is that Calvin’s motivations were never only (and maybe even never largely) about who Satoshi is: I think was always mostly about the technology, and about making sure that a scalable, honest ledger exists for everyone to benefit from and to build on.

It’s up to us to build!

And the hate? Of course there was hate. Blockchains are tribal, but Calvin had seen this movie before in the early days of online gambling, which was every bit as toxic and every bit as tribal, and which left him with battle scars, thick skin and (by the way) a billion-dollar fortune.

Then there is the "Calvin controls BSV" crowd.

Calvin invested more money than anyone else in the BSV ecosystem. That affords him the control you would expect within his own companies, but little else. He has earned his influence, but he largely hears about what is happening in BSV the same way the rest of us do, and the same way he still hears about what is happening in the online gambling industry, which he retired from roughly 20 years ago.

He doesn’t control the independent development of a significant part of the ecosystem, nor the healthy distribution of hash power, but these sectors respect him anyways.

Which brings me to the trolls.

There are still anonymous accounts, and a few known figures, who spend every waking hour attacking Calvin, Craig, BSV, me and a few others! With the dedication of men who are on somebody's payroll. Why are they so concerned about what we are doing if BSV is "irrelevant"? What kind of grown man spends his entire life fixated on a "dead" coin unless he sees it as a threat?

These trolls aren’t screaming about the problems at Liquid Network or the nefarious parties we now know funded Blockstream and hijacked Bitcoin Core.

That's telling...

That is also a costly signal, and it plays out online every single day: after all the court cases, they still fear the technology. They can't stop it, so they use these tactics to slow adoption down, and it has worked so far, yes. But slowing a thing down is not stopping it.

Teranode is published for the public. The mantle has been passed to the builders. The entire focus now is building out the common, scalable infrastructure that applications need to succeed.

We will keep getting attacked, and we will not be deterred.

A man who already won his war just effectively gave his own stack over to the BSVA to separate himself from the project, and that is a costly signal too.

Why is it bullish? Because the tooling has never been better, and passing the torch to people who love bitcoin indicates that this phase of the work is done.

Now, it's time for the leadership of the new phase to rise up and carry the ball down the field!

[Connor Murray @Bitcoin_Beyond]

@andyrowe @cryptorebel_SV It's a hard line to balance, but it's worth the struggle.

[Connor Murray @Bitcoin_Beyond]

@VinnyLingham @LightBSV @grok I respect you a lot and am engaging because of that respect.

It's a bit condescending to assume I lack understanding here. I've been in the middle of this for almost a decade.

Maybe a call would be good so I can understand your point more

[Connor Murray @Bitcoin_Beyond]

Chasing the perfect difficulty adjustment means tinkering with the protocol forever. There will always be a smoother curve to try next.

And the current DAA does its job. BSV block times still average around 10 minutes. The swings come from hashrate renters who hop between SHA-256 chains looking for short-term profit. They aren't invested in the network, so we shouldn't redesign the protocol around them.

Every Bitcoin chain faces the same deadline: the block subsidy is going away. What keeps miners in business after that is transaction fees, not how evenly difficulty adjusts.

So we're not focused on changing the protocol. We're focused on real adoption at scale, so that fees become the sustainable revenue model for miners. BSV is the only chain built around that goal.

[Connor Murray @Bitcoin_Beyond]

To your other question... We have the BCH DAA! After BCH there was the Emergency DA (EDA), and then an updated DAA that we currently inherited. BCH changed it one more time after the BSV split.

To @grok - we are something like 1% of the global SHA-256 hashrate. We have already suffered attacks at the hands of malicious hashrate (I won't dignify them with the title of "miner").

It wouldn't require a miner, either. Just a wealthy enough BTC whale that wants to rent hashrate for a couple of weeks.

There is an obvious security need for it until the point where TX fees overpower the block subsidy.

[Connor Murray @Bitcoin_Beyond]

@VinnyLingham @LightBSV @grok Is it? I've never heard it come up once until now as a deterrent to contributors...

I am certain we have a lot of enemies who would love to drive the difficulty up and then leave the network, though...

[Connor Murray @Bitcoin_Beyond]

@vamosvigilante @kurtwuckertjr @MemeWaveApp @cryptorebel_SV @Entropy_BSV @BSVAssociation

[Connor Murray @Bitcoin_Beyond]

@vamosvigilante @kurtwuckertjr @MemeWaveApp @cryptorebel_SV @Entropy_BSV @BSVAssociation We've been looking into this! Assume some good faith!

[Connor Murray @Bitcoin_Beyond]

@1Bitcoin_user To clarify for the public - this is the well known UNIX overflow issue for the year 2106...

Given your point that the plan for this should be public and put on the roadmap, I'm working on getting that formalized.

Sorry for not responding earlier!

[Connor Murray @Bitcoin_Beyond]

Calvin - you've overseen the preservation of the original Bitcoin protocol fully restored in April of this year, and you've helped show the world that this protocol can scale globally to the world. As someone who just wanted to see this network scale, I am so thankful for all you've done for the BSV ecosystem.

For years, the people who backed the original design kept building while the rest of the industry went another way. Teranode and the builders now producing amazing new solutions on BSV are what that patience produced.

I am so proud of the work being done at BSV Association, and I am deeply grateful for your trust in our mission and the work ahead.

[Calvin Ayre @CalvinAyre]

This is the moment to renew my commitment to my vision: to empower human progress by building a better connected and prosperous world for all.

I remain confident that Emerging Technologies are the engine that will power a more inclusive future where data, value and opportunity move freely.

That is why I have donated my BSV to BSV Association to help further their mission, and have announced the creation of the Ayre Think Tank to drive my vision forward.

We are moving from belief to execution by backing the ideas, companies and people who can build a better world for all.

[Kurt Wuckert Jr @kurtwuckertjr]

This is an interesting development!

Calvin is arguably the most important figure in the Bitcoin Civil War. Few men have been so steadfast, and nobody put more of their personal capital and money into making sure the people who hijacked bitcoin were given serious resistance!

Not enough people understand the nefarious influence of Thiel, Hoffman, Epstein and other financial titans who tried to enslave bitcoin, and just how much maneuvering it took to keep the remnant safe for long enough for it to get on its own feet.

Calvin deserves to be remembered nobly for standing against the forces of control in the history of Bitcoin.

[Connor Murray @Bitcoin_Beyond]

@GavinMehl @Polymarket DM

[Siggi @___siggi___]

While we optimize and harden Teranode further, we keep on testing at scale, which often surfaces issues that would not surface at smaller scale. In our current testing, we just mined a 500GB block with 2.8 billion transactions, without issues. 🎉

[Connor Murray @Bitcoin_Beyond]

@cryptorebel_SV @BGCryderman @MrBitmonkey I'm going to redefine what you're saying as "legacy payments". BRC-100 payments are p2p payments as defined in the white paper.

BSV Desktop and Browser support legacy deposits using a legacy bridge

[Connor Murray @Bitcoin_Beyond]

@JoelDalais @Dr_CSWright @kurtwuckertjr @GavinMehl When Mac/Linux??

[Connor Murray @Bitcoin_Beyond]

This, to me, is entirely a byproduct of bad terminology and miscommunication.

"Legacy Addresses" (in my mind) just refer to a hash of the public key that coins get spent to.

The idea of "I give you my public key hash to pay to" is what is being referred to as "Legacy Addresses" here.

What I think Brandon is saying here is don't give out a legacy address for payment - give out another key (in BRC-100 wallets that is the identity key) where payment addresses can be derived. On the blockchain payments still go to a "legacy address".

We need to make all of this more clear! I'm open to feedback on how we can help with that.

[Connor Murray @Bitcoin_Beyond]

@cryptorebel_SV

[WallStreetX @WallStreetXHQ]

@Cointelegraph I need to look into BSV. Someone mentioned awhile back that it is the bitcoin the whitepaper describes.

[Connor Murray @Bitcoin_Beyond]

@1Bitcoin_user @ProjectBabbage @CalvinAyre Can you DM me which one this is in relation to? I apologize - we are addressing everything that gets sent to [email protected] but I probably missed following up on email.

Anything submitted via email gets tracked in a GHSA - submit those in the future please!

[Babbage | BRC100 @ProjectBabbage]

Guys, have you heard the news?

@bsv/ecpm-permission-module implements the BRC-229 "p ecpm" semantic module for BRC-100 wallets. It applies or removes a BRC-42/43-derived scalar to an arbitrary validated secp256k1 point.

🧠 Ask AI what this unlocks. #BSV

https://t.co/j8gptKAERr