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McCoy
McCoy@primal.net
npub18y33...x5t7
Bitcoin NOSTR block 768722
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McCoy 1 week ago
BIP-32 vs 44,48 ...... BlueWallet multisig does not use m/1' as the derivation path. For a P2SH-wrapped SegWit multisig vault (which displays addresses starting with 3…), BlueWallet uses BIP-48: m/48'/0'/0'/1' They just leave out most of it in the export text: m/1' 🤦‍♂️
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McCoy 1 week ago
41 trillion incoming. Ignore the noise. One money wins. "When Does the Debt Ceiling Need to Be Renewed? According to projections from the Bipartisan Policy Center (BPC) and the Committee for a Responsible Federal Budget (CRFB), the U.S. is expected to officially hit this $41.1 trillion limit sometime between late winter and mid-summer of 2027. However, the exact timeline unfolds in two distinct phases: Phase 1: Reaching the Limit (Early-to-Mid 2027): Once the $41.1 trillion cap is breached, the Treasury Department will no longer be allowed to issue new net debt. To keep paying the nation's bills, the Treasury will deploy accounting maneuvers known as "extraordinary measures" while drawing down its cash reserves. Phase 2: The "X-Date" Deadline (Late 2027): These extraordinary cash-management tools are expected to buy Congress an additional six to nine months. Once those reserves are entirely exhausted, the U.S. will hit its hard "X-Date"—the absolute deadline by which Congress must pass legislation to raise or suspend the cap to prevent an unprecedented federal default. Because the stopgap spending bill passed by the Senate only funds government operations through December 11, 2026, lawmakers will face a massive budget showdown at the end of 2026. However, they will still have a multi-month cushion into 2027 before the separate debt ceiling mechanism forces a high-stakes legislative renewal.
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McCoy 1 week ago
Over the real numbers, **y² = x³ + 7** looks like a single smooth curve with **two branches** (upper and lower) that are mirror images across the x-axis. - **One connected piece**: Unlike some elliptic curves that form a separate closed loop plus a tail, this one has just a single open curve because x³ + 7 has only one real root (at x = –∛7 ≈ –1.91). - **Leftmost point**: The curve meets the x-axis at roughly (–1.91, 0) with a **vertical tangent**, creating a rounded “nose” or “toe” on the left. - **Extending rightward**: From that point, the curve splits into an upper branch that curves upward and a lower branch that curves downward. Both stretch out to infinity toward the right, growing steeper as x increases. - **Symmetry**: Because of the y² term, everything is perfectly symmetric across the x-axis. **What “smooth with no singularities” means:** - **No self-intersections** (unlike a figure-eight or lemniscate) - **No cusps** or sharp corners - **No isolated points** The curve is continuously differentiable everywhere. If you zoom in at any point, it looks like a gently bending line. The “smooth” part is exactly what makes the geometric addition law work in elliptic curve cryptography: you can draw a line through any two points and it will intersect the curve cleanly in exactly one more point. image
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McCoy 1 week ago
Private keys: ✅Yes, use sufficient entropy when creating them ✅Yes, minimize trust when protecting them ✅But, also protect them when you're signing to spend Offline, analog as much as possible
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McCoy 1 week ago
Is this true? Checking my clanker: @craigraw @Bluewallet "For a pre-derived xpub imported into a watch-only wallet for monitoring only (2/3 multisig, P2SH) the derivation path label does not change address generation." Blue Wallet deriv: m/1' Sparrow: m/45'/0'/0'/0 Both create same addresses, ?
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McCoy 1 week ago
PBKDF2 is a form of hash function that is designed to be slow (by hashing the data multiple times before producing the result). This has the benefit of making it more difficult for anyone to brute-force mnemonic sentences to try and get seeds that people have actually used. In addition, PBKDF2 also allows you to provide a second input called a salt ("passphrase", "seed extension") along with the data you want to hash, which allows you to produce completely different seeds from the same mnemonic sentence. - learnmeabitcoin.com
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McCoy 2 weeks ago
Not sure is this logic holds but, hit me back if I'm way off: - rolled my own entropy + pass phrase; 2-4 years later key not swept, likely means I'm good _forever_? as if the entropy was bad, then the money would have been gone long ago vs - use hardware _X_ to generate key; 2-4 years later, still not safe as AI+wizard humans could still hack/uncover weak spot in the hardware down the road (=AGI future)
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McCoy 2 weeks ago
Amazing that in my MSM feed(s) there is no mention of the coldcard fiasco. None. In bitcoin self-custody circles feels like the sky is falling, everwhere else, meh
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McCoy 2 weeks ago
Consider dusting swept wallets with 10000-20000 sats and watching them. Did this with any single sig CCQ with weakish pass phrase, no dice
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McCoy 2 weeks ago
Dont forget the USD is the real shitshow. Stealing from everyone forever.