I think I’m OK with the US federal government earning bitcoin by stealing it from genuinely bad people as adjudicated by a US court system. I think that’s better than f’ing people over by printing dollars to buy shit, and it’s kind of like a proof of work all on its own.

Apple really has something against select all buttons…so annoying.

If you want to break the law, get new ones written first. Bitcoiners are finally learning from the elites…de minimis bitcoin capital gains exemption will be just the first step.

Fake money makes us slave to the printer and his friends. Bitcoin fixes this.

I still kind of feel bad for the gold bugs. Yeah gold is up and it’s up a lot (for gold), but they dig up a lot of gold every year. The gold victory can’t last forever.

Anyone know much about miniscript? I like this miniscript I wrote. Has an anti kidnapping 4032 (~4 week) zenHodl period where funds simply can not be spent and then becomes a 3 of 3 and later a 2 of 2 multisig and years later a single sig… I don’t think there will be a better security model than this, but I don’t trust the miniscript precisely because I wrote it and have tested it…seems to work as expected. But not sure how to reason about possible shortcomings of this script: andor(multi(3,keyA,keyB,keyC),older(4032),andor(multi(2,keyAA,keyBB),older(32768),and_v(v:pk(keyAAA),after(1200000)))) Easier on the eyes below: andor( multi(3, keyA, keyB, keyC), older(4032), andor( multi(2, keyAA, keyBB), older(32768), and_v( v:pk(keyAAA), after(1200000))) )

Want to see some of the graffiti stored on the bitcoin blockchain over a decade ago? Including jpegs?

Hidden surprises in the Bitcoin blockchain and how they are stored: Nelson Mandela, Wikileaks, photos, and Python software

Every Bitcoin transaction is stored in the distributed database known as the Bitcoin blockchain. However, people have found ways to hack ...

If I expect bitcoin to be worth $1M in 10 years, and I assume today’s price is $125,000 and that I can get a 10 year bond at 5%, then bitcoin should be worth: (8/1.05^10)x$125,000=4.911 x 125k = $614,000 So today I would pay no more than $614,000 per bitcoin. That’s $489,000 gains that could be had today if the world agrees bitcoin will be worth $1,000,000 in 10 years. Let’s assign the probability of this at 50-50….then it would be reasonable to sell bitcoin at $125,000+$489,000/2 =$369,500.00 $370,000 is a reasonable price target that splits the estimated 10 year gains equally between buyer and seller. We are still early.

You can still shun nonstandard bitcoin transactions while noting and forwarding metadata about the transaction. This will let mempools work better.

The current op return issue boils down to this: how to maintain efficacy of transaction shunning while preventing economic incentivization of out of band payment for transactions like slipstream? Some believe it can never be done, so open up the filters. Others believe it can be done or does not need to be done right now.

Anybody really knowledgeable about miniscript? I think this wallet script does most everything anyone could want, modulo minor tweaks. The fact it took me like 15 minutes to write makes me feel like I’m making some major mistake: andor(multi(3,keyA,keyB,keyC),older(4032),andor(multi(2,keyAA,keyBB),older(32768),and_v(v:pk(keyAAA),after(1200000)))) This fields a wallet that has 1) a 4 week zenHODL anti-kidnapping period where funds can not be spent, 2) a 3 of 3 multisig for blocks 4032-32768 (like 6 months or so), a 2 of 2 multisig after that until 3) block 1,200,000 where it degrades to a single sig wallet. What am I missing?

Don’t forget to tell others about bitcoin. They’ll hold you accountable either way in the future anyhow.

The whole op return thing is all about having one or more transaction relay networks. If you don’t want to relay some transactions but do want to know meta data about them for accurate fee estimation, go ahead and connect to a libre node and drop any tx you don’t want to relay after noting its size and fee rate. Libre nodes will relay enough shunned transactions to save bitcoin mining centralization from slipstream type OoB payment pressure. I think I’ll run a libre node on this principle. It shouldn’t take too many to bypass nodes participating in transaction shunning… @Peter Todd has a good head about these things.