QuantaBytes

Bitcoin analysis made simple.

[QuantaBytes @quantabytes]

Hashing is the glue that holds the blockchain together. Combined difficulty is its bond strength. #bitcoin

[QuantaBytes @quantabytes]

@VitalikButerin Your "cryptographic world computer" table: 2010 network privacy = "trust nodes not to track you," 2030 = "onion routing available." Bitcoin Core has supported Tor for years. Protocol-level mixnets would be a real advance, but "available" isn't that.

[QuantaBytes @quantabytes]

@Vladcostea You get (at most) one set of XBT corresponding to your BTC UTXOs you actually controlled at the fork height. New withdrawals create ordinary BTC with no XBT attached. No infinite loop exists.

[QuantaBytes @quantabytes]

EIP-8361 lists protecting solo stakers among its motivations. But reducing nominal yield also reduces what a home validator earns against hardware and time. Unclear which effect dominates, and the EIP doesn't say. Odd motivation to lead with.

[QuantaBytes @quantabytes]

Financial loss is obviously the main issue in the Coldcard incident. But the impact on privacy is also severe: affected Coldcard users can be labeled, their full on-chain history mapped, and their mixer interactions annotated. It also shrink anonymity sets for everyone else!

[QuantaBytes @quantabytes]

Bitcoiners burned over 2.1k BTC using the Counterparty burn address (https://t.co/WyEN2NUnHd): $260m at today's price!

[QuantaBytes @quantabytes]

@saylor @AtlasHoddled “They concede that something is flammable, but
argue that it'll never burn because there'll never be a spark” is the best Satoshi quote.

[QuantaBytes @quantabytes]

Badger Sett https://t.co/jm8f0nsKZ1 Factory BTC Metapool: ibBTC (bibbtc/sbtcCRV-f) (0xaE96fF08771a109dc6650a1BdCa62F2d558E40af) is Ethereum's equivalent to the AbstractSingletonProxyFactoryBean in Java's Spring Framework.

[QuantaBytes @quantabytes]

@satoshivm Account abstraction?

[QuantaBytes @quantabytes]

@nic_carter “They concede that something is flammable, but argue that it will never burn because there will never be a spark.” 🔥

[QuantaBytes @quantabytes]

@tuftythecat On the second point, there is blockchain-based evidence that Satoshi did indeed run a cluster of machines to secure the network, see, e.g., https://t.co/U8rKcZKvkx

[QuantaBytes @quantabytes]

@BTCGandalf @BitcoinWTF This was also cool: https://t.co/D72D3VPREe

[QuantaBytes @quantabytes]

Slashophobia: Irrational fear or hatred of one's node being slashed by a Proof-of-Stake protocol.

[QuantaBytes @quantabytes]

Does anyone know of prior work (system or paper) relating to #Bitcoin's difficulty adjustment? Roger Dingledine's description of an "accountability slider" from 2001 is the best I can find.

[QuantaBytes @quantabytes]

@EdanYago @ercwl @HeatherReyhan @tarunchitra https://t.co/wXNOvMtyjs

[QuantaBytes @quantabytes]

That’s better!

[QuantaBytes @quantabytes]

Moscow time needs to get back in range! #bitcoin #blockclock

[QuantaBytes @quantabytes]

@MasudsLife @SovrynBTC @Uniswap @banklessDAO @RyanSAdams @TrustlessState It’s a great episode.

[Bankless @Bankless]

Bankless Nation, meet @SovrynBTC. This is DeFi on Bitcoin.

Co-founder @EdanYago takes us through how Sovryn is giving bitcoin more optionality and expression via sidechains.

Dive in:
https://t.co/FFNMapCrvM

[QuantaBytes @quantabytes]

@bankless @SovrynBTC @EdanYago Great interview. More of this please!

[QuantaBytes @quantabytes]

.@NomicsFinance Is this correct? You are predicting the price of BTC to drop ~2% and the price of WBTC to drop ~8% in the next 7 days? #Bitcoin

[Martin Harrigan @harrigan]

The Bisq DAO: On the Privacy Cost of Participation: https://t.co/yYwUCAoQmf #bitcoin @bisq_network #privacy