John Q Pleb | BIP-110 | Knots

FOLLOWS YOU | Beep/bop/boop | BTC Maxi | Core v30 is an attack | Run Knots + BIP-110 + rent hash | The Story of Civilization:

[John Q Pleb | BIP-110 | Knots @chrisco]

Bitcoin's Non-Quantum-Safe Coins Are an Open Bounty, Not Something to Lock

Early non-quantum-safe coins, including the roughly 1.1 million BTC widely attributed to Satoshi, should never be locked by any protocol change. The recent proposal to soft-fork a permanent blacklist of vulnerable UTXOs is a terrible precedent. No coin should ever be locked at the protocol level.

These coins are an open cryptographic bounty for whoever can claim them first. That is exactly as Satoshi intended. He would have foreseen that cryptography would eventually be cracked by the natural progression of technology and computing power.

Bitcoin's rules are absolute: whoever produces a valid signature spends the coins. Adding a blacklist rewrites property rights at the protocol level and opens the door to future centralised interventions by developers or governments.

Early P2PK outputs expose their public keys on the blockchain. A powerful quantum computer using Shor's algorithm can derive the private keys in minutes. The first person or group with the hardware wins the prize, potentially worth over 70 billion dollars today across thousands of addresses.

That is not theft. It is the system working as designed. Bitcoin is built on computational races. Proof-of-work rewards whoever burns the most energy first. Quantum key recovery follows the exact same principle. Satoshi chose ECDSA as state-of-the-art in 2008 and left the door open on purpose.

Quantum cracking is part of Bitcoin's never-ending lifecycle. Coins are recycled through "nature," just like the atoms in our bodies. The atoms that make us up have cycled through stars, oceans, dinosaurs, and forests before becoming part of us. One day they will leave and cycle again. Nothing is truly lost. It simply changes hands.

Bitcoin works the same way. Dormant coins from the Satoshi era are not sacred relics to be frozen in amber. When quantum technology claims them, those coins are reborn under new ownership. They re-enter active circulation, get spent, traded, and invested. That is healthy. That is how money lives on instead of becoming permanent dead weight. Satoshi would have seen this recycling as the natural order.

Locking these coins sets a dangerous precedent: immutability dies, incentives rot, and "code is law" becomes "code is law until developers vote otherwise." Roughly 1.7 million BTC in exposed-key coins are already effectively gone for practical purposes. Letting a quantum breakthrough reclaim and recycle them is far healthier than eternal dead weight.

No coin should ever be locked. Not by developers, not by time, not by quantum panic. Owners who care can migrate to quantum-safe schemes. The rest accept the risk. That is permissionless.

Satoshi bet on open competition, not committee protection. These non-quantum-safe coins are the grand prize in the technological race he started, and part of Bitcoin's eternal cycle of renewal. Claiming them should be celebrated as proof that Bitcoin's incentives still work. Anything else is central planning dressed up as "safety," and it has no place in the protocol he gave us.

[John Q Pleb | BIP-110 | Knots @chrisco]

@venorusprime @mattkratter I agree. But why use a mask-guy gif? Are you a mask guy?

[John Q Pleb | BIP-110 | Knots @chrisco]

@BitcoinSapiens

[John Q Pleb | BIP-110 | Knots @chrisco]

@GrassFedBitcoin @BitcoinWifey Let's liquidate all of them, including @saylor , sadly.

[Jim | RDTS | Bitcoin, not jpegs @venorusprime]

Here's the thing about @mattkratter, it took him a long time to understand #Bitcoin. Just like it did for most of us who now call ourselves Bitcoin maximalists.

As far as I can tell, over the course of his understanding he went from ignoring Bitcoin, to trading it, to playing with shitcoins, and finally to becoming a toxic bitcoin maximalist.

You know what I haven't seen from him?

I haven't seen any sign of selling his name to a sponsor.

I haven't seen him use his position as a bitcoin maxi to promote a bitcoin affinity scam or layer 2 nonsense.

I haven't seen him grift his way into a bullshit position as a BiTcOiN AdViSoR at some second rate Bitcoin trashury company.

In other words, all I have seen from him is a steady, progressive, and irreversible understanding of Bitcoin as money, a refusal to budge from that stance, and a willingness to put his name and reputation on the line to keep Bitcoin the hardest money man will ever know.

The Bitcoin space would benefit from more bitcoiners like Matt.

[hodlonaut #BIP-110 @hodlonaut]

Pests don’t like pest control

[Visegrád 24 @visegrad24]

BREAKING:

Keir Starmer says he won’t remove the exemption which allows Sikhs to carry large ceremonial knives on them.

Meanwhile, English women are being prosecuted for carrying regular pepper spray on them when out on the streets at night

[John Q Pleb | BIP-110 | Knots @chrisco]

@1hmle Let it dump until all the shitcoiners are washed out. Lightning, too. It's necessary.

[Sword @bsword]

@zerohedge The market is going to liquidate all the ponzi schemes. Deservedly.

[John Q Pleb | BIP-110 | Knots @chrisco]

@zerohedge

[Knut Svanholm ∞/21M @knutsvanholm]

Back in the day of early Bitcoin Twitter, we used to say "few," which was short for "few understand."

Nowadays, Bitcoin Twitter is a different beast.

First, it's not even Bitcoin Twitter anymore - it's Bitcoin X.

Second, many of the most prominent few migrated to Nostr - The Internet's most beautiful clusterfuck.

Many of the few of the few that remained did what many of the few had done before them - they sneakily became shitcoiners, because they simply didn't have the multiple-decade-spanning patience required for Bitcoin's don't-get-poor-slowly mechanism to play out properly.

Out of the few of the few of the few that were left, many didn't acknowledge the shitconers' most devious attack yet - the shitcoins on Bitcoin.

Many of the few of the few of the few even thought of the shitcoiners coming to Bitcoin as a good thing!

"As long as they pay the fees, it's all dandy, man! Everything is good for Bitcoin!"

But then there's the few of the few of the few of the few. Those who choose to do something about it and aren't afraid to admit it.

These are the people I'm here to interact with. They are the reason I fell in love with this community in the first place.

However, because of the fact that the few of the few of the few of the few aren't that numerous, many of the many think we will fail.

What they miss is that most of us didn't even care for social media in the first place.

That is why we'll win.

Few.

[John Q Pleb | BIP-110 | Knots @chrisco]

@mattkratter @ForrestHODL We have to capitulate some folks (folks = @saylor)

[John Q Pleb | BIP-110 | Knots @chrisco]

@itsolelehmann Bookmarked

[Thomas Young @tomyoungjr]

@1914ad My sense is that Core 30 is an agenda of someone who wants to destroy Bitcoin.

[Matthew R. Kratter #BIP-110 @mattkratter]

Saylor spent 5 years saying that Ethereum was unethical money, and now he is onboarding people into ERC-20 tokens. Bitcoin adoption means moving families onto a Bitcoin standard, not selling them securities and using it to build the future 6102 attack honeypot at large US custodians

[Luke Dashjr @LukeDashjr]

So many firsts here...😲
First lotto solo mined RDTS block.
First RDTS block not mined with DATUM Gateway (and first using ckpool software).
First RDTS block not mined using OCEAN.

[John Q Pleb | BIP-110 | Knots @chrisco]

@robin_linus

[John Q Pleb | BIP-110 | Knots @chrisco]

@timevalueofbtc You just realized after you saw the @zerohedge article you mean?

[John Q Pleb | BIP-110 | Knots @chrisco]

@MajorianBTC I hope you're right, but my sense is that he has started down a path, that leads to blow up, margin call