Potapac

Still deep down in the #Bitcoin rabbit hole

🎙@dvadesetjedan21 bitcoin only podcast

[Zach Herbert 🇺🇸 @zherbert]

Some more verification that Coinkite's cofounder DocHex (Peter Gray) is the same person as the nym switck who contributed the code for libngu.

This code change is at the center of the entire Coldcard RNG bug.

On https://t.co/2uBo2YyFZU https://t.co/AfOcoFbcFx where you can pay Peter for his time, Peter verified his phone number which ends in "44"

This same phone number ending in "44" is tied to both DocHex's and switck's X accounts.

The odds of sharing the same last two digits of a phone number is 1%.

Combined with @jamesob detailed gist and findings that DocHex's GPG key signed 61 switck commits – I think it is conclusive now that they are the same person.

[Giacomo Zucco (Bear Market Edition) @giacomozucco]

Since my very first one, in 2014, I've always considered Bitcoin bear markets as challenging moments of crisis, reckoning, cleansing, refocusing, reassessing, learning trough suffering. But wow, guys, 2026 is BRUTAL!

The very cores of our shared subculture are:
- accessible self-custody,
- scaling trough interoperable offchain layers,
- uniqueness of the bitcoin asset.

The attack on CoinKite is being used to push the dishonest narrative of "the end of cold storage".

The attack on Boltz will be soon used to push the dishonest narrative of "the end of LN swaps".

Both are being and will be used to mock, discredit, diminish and defuse Bitcoin-only focus, pushing for "token" dilution again (just when the struggle against the shitcoin cancer seemed to be over, with the exception of "stablecoins").

The end of the BIP110 self-inflicted seppuku-wound next week, and some very likely destabilizing news about another beloved "OG" company, will complete the trial by fire.

Stay strong. Survive this year with as much of your principles, your stack and your anonset intact as objectively possible. The next phase will be stuff for history books, even more than before.

[Potapac @potapac1]

Five year old thread, but very relevant today 😬😜

[Alex Waltz @raw_avocado]

1/14
🎲How does Bitcoin Core generate entropy for private keys?

Mixing entropy from 4 main sources:
- low-level processor instructions
- entropy from the OS
- dynamic events
- static events

🧵Thread👇

[Wicked @w_s_bitcoin]

Basically what's happening is Kimi K3 is finding critical vulnerabilities in a bunch of wallets right now.

Call me retarded or whatever but I'm not gonna be moving funds out of my multivendor multisig (still using a coldcard) until the dust settles. Dice rolled seeds remain unaffected and passphrases on top add another layer of protection against these types of exploits.

It is crazy to see this unfold in real time though.

[Kevin Loaec 🧙‍♂️🐟 @KLoaec]

Here is our blog post.
- Section 1 is for Liana users, and anyone interested in "game theory" of descriptors and Miniscript/Taproot/Segwit.
- From section 2 its our Post-Mortem of Coldcard.

TLDR: It's worse than you think. Even users who have a safe mnemonic (dice rolls) have BROKEN FEATURES on their Coldcard.
https://t.co/9V9slwWxTj

[Potapac @potapac1]

@BitcoinNewsCom @402PaymentReq Does importing the seed in another fresh coldcard count as device cloning?

I expect most users would be vounerable because most (probably) check if the backup works

[Potapac @potapac1]

Without self-custody bitcoin fails.

Don’t use the Coldcard hack as an excuse to give up on holding your private keys.

[Potapac @potapac1]

@clay_garrett @Adelgary 👏👏👏

[Potapac @potapac1]

@KLoaec @raw_avocado @Kruwed @bitgould Coldcard only or all?

[Potapac @potapac1]

@giacomozucco 100 dice rolls on a mk3 should have provided enough entropy to be safe?

[Adam Back @adam3us]

On the filter fork topic.

I don't usually have time, but this morning listened to one of the twitter spaces from earlier in the week, with some well meaning relative bitcoin newcomers, that humanized them, and their concerns and thoughts for why they thought that made it logical to support 110.

My feeling after listening, is if these are the people with #110 in their handles, I'm sad to see them about to fork off and get disillusioned without understanding why bitcoin rejected 110 robustly.

So here's a more empathetic, constructive higher level version of explaining why not. I hope it's high-level and first-principles enough that everyone can follow.

They seem to want to understand what makes people tick, and are suspicious of intent. So, if someone asked me why is Bitcoin important and what is it, I'd say my (personal) mission and hope for bitcoin is to build the cypherpunk future, that "Snow Crash" was a blueprint, and work backwards from there. Bitcoin I hope leads to fully free markets via bearer unseizable, hard mathematically dependable money. Not everyone is comfortable with that level of freedom, but that's my view. And at this point, I believe that surprisingly, even now many governments have come to understand and value bitcoin's gold-like mathematical assurance, a positive development. Others may have milder views than myself, but still like hard censorship resistant money.

Because of motive suspicion, if it's not obvious: I hate spam with a passion, that's how I came to design hashcash while researching decentralized bearer money with others, and running nodes in privacy related cypherpunk p2p networks nearly three decades ago.

People seem upset about the default op return policy change in bitcoin. I will just assert, there are extremely robust and simple reasons for bitcoin changing default relay policy, and most just didn't do their research, so don't know what those are, or maybe not technical enough to fully understand though there have been 1000s of posts trying to explain in various simplified ways. So that lack of understanding lends itself to shared build-up of false narratives. So here's my back-to-basics higher level explanation.

The decentralization needed to create cypherpunk money has implications a: side effect of decentralization is that you can't impose your views on others. The very decentralization mechanism that helps that, is working against what BIP 110 wants, which at it's most basic is a quest to police other people. I understand supporters don't see their intent like that, but introspect deeper.

You can modify your software, but not anyone else's. Another critical and incredibly robust technical bitcoin immune system is bitcoin can't have people who don't understand technology basics insist on eroding security, decentralization robustness and core properties. That would end badly, fast, and so people will fight you on that.

So the message is Bitcoin respectfully says "no" to what you want. Sorry, and bitcoiners do genuinely understand and empathize that you mean well, have high level thoughts that make emotional sense, and articulate sensible bitcoin-defensive high level ideas, but they are not grounded and without you seeing it, the way you propose to achieve your ideas, hard-conflict with free cypherpunk permissionless money.

My advice is to listen to more experienced people who understand the system and why it works the way it does, to whatever detail you want to understand the grounded reasons for why this is the implication of decentralization and cypherpunk money.

I guarantee you the developer and protocol ecosystem shares and exceeds your views on bearer hard money (and dislike of spam). You may not agree with individual developers choices, views, way of expressing themselves etc, BUT you also need to understand the IETF-like decentralized technical consensus process creates a protective change resistance, that is highly effective at protecting bitcoin mission. The implication of which is no developer can change anything without technical consensus from hundreds of other developers and protocol observers who are pedantic and extremely knowledgeable clever people who won't let any unaddressed technical question past. The protective change resistance is robust and decentralized in an amplifying way because of this technical consensus.

And the many highly technical mainline developers' cypherpunk mission mindsets are probably far more determined than you can even handle on clarity of understanding and views about freedoms on permissionless networks, as many of you are probably still subconsciously inured by the matrix, where they have transcended that, and grew up immersed in it decades ago. They think natively in this space, while you are just grappling with the surface. Many wont have internalized or have the experience to know how this internet physics works, where there is no policeman, no policy authority, just mathematics, free market and hard money. That has implications for your views also, unfortunately.

Now the tough pill, which is unfortunately true: If you won't listen to reason, educate yourself, learn, the same radical freedom applies to you: your permissionless recourse is to club together and create a fork. But bitcoin won't be joining it. (With respect and no sleight intended.)

Please rejoin bitcoin now, or later if you're not convinced and need to experience 110 forking off and fizzling for yourself to start that journey of introspecting and learning. It would be sad if bitcoin lost people disillusioned due to simple lack of understanding of what's going on there, we're all trying to defend bitcoin and keep it on mission. Including btw the 110 technical promoters, just they wandered off plot somehow.

Join the cypherpunks on bitcoin, come cypherpunk summer🌞 in a few weeks.

[Potapac @potapac1]

This is insanely good!

[Alex Waltz @raw_avocado]

What everyone knows about Bitcoin's Launch is wrong.
(full research 1st comment)

[Potapac @potapac1]

Summed up perfectly

[Vijay Boyapati @real_vijay]

I strongly oppose the arrest and mistreatment of @rogerkver. He's a peaceful advocate for #Bitcoin (as he sees it) and has never physically harmed anyone. The idea he should be put in jail for the rest of his life is the definition of cruel injustice.

HOWEVER. The narrative Roger spins in this interview is nonsense. The idea that Bitcoin was "hijacked" is propaganda that he's been promoting since the blocksize war in 2017. His view of Bitcoin was always economically flawed (and I explained this extensively in 2017), and he has never gotten over the fact the the majority of *owners* of Bitcoin rejected his vision as flawed, which is why it failed in the market. It's also worth noting that he intentionally and misleadingly used his businesses to attempt to trick people into buying BCash (his fake competitor to Bitcoin) by claiming it was "Bitcoin".

And while pursuing his flawed economics theories, he allied himself with some of the worst scammers in the space, like Faketoshi (he later came to regret this).

He's now trying to reprise his propaganda campaign from 2017 by claiming his arrest his somehow related to his conspiracy theories about why owners of Bitcoin rejected his economic ideas.

While I do not support the laws he was arrested for, there are laws in the US that state when you renounce citizenship, you have to pay taxes on all your worldwide assets as if you had sold them when you were a citizen. He did not do that and that is precisely why he was arrested.

Should he go to jail for the rest of his life? Absolutely not. Are his theories on what Bitcoin is and should be completely flawed? Yes.

Both things can be true.

[_Checkmate 🟠🔑⚡☢️🛢️ @_Checkmatey_]

Gold is the new Silver.

[Potapac @potapac1]

@w_s_bitcoin And that’s also the reason why most normies sold 100k.

“I’ll buy when it drops, and it always drops”

Famous last words I’ve heard seveal times last weeks from normies.

They never learn

[Potapac @potapac1]

@TheBubbleBubble Lmao tell me how you don’t have enough bitcoin without telling me

[Potapac @potapac1]

@vladcostea Went? Where did it go?

[Potapac @potapac1]

I’ve been in bitcoin so long that I rarely get impressed by a tweet about it. But, damn, this one hits hard!

[FractalEncrypt ∞/21M @FractalEncrypt]

It takes 40 years to mine the last Bitcoin.

40 fking years. For one Bitcoin.

None of us understand.

[Potapac @potapac1]

@MrHodl Can you explain this a bit more as I don’t get it

[Potapac @potapac1]

@BitPaine When is the Trump speech, can find the schedule