I believe…
Bitcoin is one of the most important technologies of this century.
Lightning is the best payment network architecture in existence.
The next stepwise jump in Lightning Network volume will come from enabling stablecoins.
💸⚡️
this is one of the motivations behind rbitcoin too. the focus in rbitcoin is on the quality of the tests even more than the quality of the code because the tests are what ends up defining the critical consensus behaviors. I need to do a pass over rbitcoin to make sure the tests are well organized, but we have a catalog of consensus critical tests already which cross-maps those tests to some of the attempts at consensus specs happening in the industry.
Stratum V2 even has advantages for private pools like MARA. Among other things, by allowing block templates to be created physically closer to hash power, reducing latency.
Bandwidth reduction is useful too: lots of hash power is near stranded energy sources with slow internet.
BSC view of quantum computing risk to Bitcoin:
- Recent quantum computing progress is real, but only incrementally.
- Bitcoin’s exposure to quantum computing is limited to its signature scheme.
- Solutions have been identified and are actively being worked on.
Data centers are our generation's version of nuclear power in that they seem to be supported by anybody with any brains and are exclusively hated by the most self-satisfied, uncurious retards alive.
Reality of our days:
1. I am sitting on a set of vulns (4+) that allows me to remotely take over a consumer home automation device I have (3+ diff ways).
2. The vendor doesn't only serve consumers, but also critical infra (announced partnerships include pharma manufacturing plants, airport logistics, hospitals, etc) across various locations in Europe and the US (not the same product line, ofc, so maybe moot).
3. Claude and Astra refuse to help me explore even my own device, so now I'm using Chinese hosted models for investigating.
4. The vendor (with a revenue of $0.75B) does not maintain any security disclosure practice whatsoever, nor does respond to emails.
So, to recap, I need to outsource vulnerability hunting of (potentially, I don't know) critical western infrastructure to Chinese models, because the western models refuse; and the vendor doesn't give a shit. Fun timeline.
PS: The vendor is Swiss.
Square's bitcoin rollout was due to finish yesterday
4 million merchants in the US accepting Bitcoin ⚡
Customer pays in bitcoin. Merchant gets dollars or bitcoin their choice
around 99% of my bitcoin lightning payments settle successfully within 2 seconds, and that's been the case for over 5 years.
lightning haters are either hallucinating or they're trying to sell you some shitcoin.
Paying for a stroopwafel in Amsterdam with Bitcoin in under 15 seconds? 🧇
Awesome seeing @missteencrypto use Cake Wallet out in the wild! Love that more and more places are starting to accept Bitcoin. 🙌
Igor (@overtorment) BlueWallet CTO (@bluewalletio) presents:
Blueberry: neutrino-based mobile wallet focused on privacy 🫐
It uses “Compact Block Filters”! Don’t get spied on by any node or electrum server.
Igor created BlueWallet in 2017
@TBB_JP@btcinsider__
Locking down LND:
- Don’t enable any non-standard features you won’t use
- Keep routing and app server nodes separate
- Make the app one private: no public or peer-opened channels
- Always upgrade to the latest
- Hot wallet? Only the BTC you need
- Watch force closes like a hawk
Our latest high severity disclosure:
> A reorg can restore a transaction topology that violates TRUC’s descendant limit: valid in a block but impossible to form in the mempool. Re-adding such transactions with sibling eviction still active could evict a restored transaction while leaving its in-mempool descendants behind
> The main effect of this inconsistent state is that a miner’s block template creation can no longer succeed: the assembled template fails its validity check, so a node that performed such a reorg cannot produce blocks until it is restarted
I am increasingly concerned that The Jensen Affair will be used to justify sweeping controls, backdoors, and new surveillance measures on compute.
That outcome is unacceptable. Full stop.
There are many, many ways to prevent China from getting FLOPS that don't require constructing a Compute Panopticon over our own citizens.