The following is an unrolled Twitter thread written by @niftynei() 🇺🇸💸🧡 about Bitcoin covenants that I'm copy pasting here. It is a good explanation of what Covenants are and aren't, what they can do and what they can't. (This deserves a lot of zaps so I've set the zap split as 100% to be forwarded to her.) Here it is: " had a good chat today with @mattcsnow and he asked the question “how do you know that the bitcoin you get when covenants exist doesn’t have some weird restrictions on it” this is a good question; the answer is below 🧵👇 ok so the quick answer is that as long as you can independently choose the address that your bitcoin goes to you can have complete assurance that the coins you receive are in your full control. no funny business bitcoin addresses dictates what kind of lock is put on that bitcoin. if you pick a single sig or multisig address, those coins will only be locked up by those keys. nothing else the covenant things that people are talking about (in theory) limit what addresses bitcoin can be sent to this is useful for some uses but isnt something you will encounter in general or in “normal” bitcoin wallets this is also why knowing how to hold your own keys and own your own bitcoin addresses is important. that address is your key to self control. if someone else is picking the address your coins go to, its not your money!! 💰 yes it really is that straightforward. covenants getting added to bitcoin is an optional thing that people will have to elect to send their money into, by using an address that has those specific restrictions built into it you dont want to use it, fine don’t send your bitcoin to those contracts it’s something you can choose to participate in or not! and you’ll have to move your coins to opt into it just like you have to move your coins to opt into taproot addresses. this is the beauty of softforks in bitcoin (as well as the utxo model!!) you hold your keys, you decide what restrictions your coins have some people are really looking forward to locking their coins into more complicated vaults! some people like to put their coins into lightning contracts some people let others hold their keys for them even today🤷 so go forth and write the contracts that you like and make you feel happy and secure about your coins and hold them there!! no one can move or even touch your coins without you agreeing to send them to those contracts this is why self soveiregnty on bitcoin is so cool: the protocol lets everyone decide how they independently want to guard their bitcoins. other people making different choices has no impact on you personally and i think that’s pretty cool!! "

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Klaus Schwab is stepping down. I don't know if it was the case for others or if history will look at it that way, but Milei's speech at WEF was a big turning point in how I looked at politics and made me go down a fascinating rabbithole. It helped me understand that Socialism and Liberalism are different things whose meanings have been twisted to mean the same thing. Liberty is an idea whose time has come. https://www.semafor.com/article/05/21/2024/klaus-schwab-says-hes-stepping-down-as-world-economic-forum-head

Embrace the stereotypes

Behind every ruined software product there is a growth and marketing lead

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Bitcoin Optech Newsletter = Way to keep up with Bitcoin dev without having to open blue check swamp https://bitcoinops.org/en/newsletters/2024/05/17/

1. Joins Nostr 2. Posts rage-baits 3. Doesn't get engagement 4. Realises one has to be nice and interact with people like a human being to build a contact list 5. Gets annoyed and leaves 6. Rage-posts about Nostr on Twitter 7. Gets engagement 8. Attainment of freedom averted

'There are roughly about 300 million people who use UPI, however, India has close to a billion bank accounts.'

'Knowing how to read, change and run code is modern freedom.' - Niftynei