Remember the good old days of Bitcoin when changes to relay policy were simple and obviously good? From the multisig BIP (11): “The current Satoshi bitcoin client does not relay or mine transactions with scriptSigs larger than 200 bytes; to accommodate 3-signature transactions, this will be increased to 500 bytes.”

GitHub

bips/bip-0011.mediawiki at master · bitcoin/bips

Bitcoin Improvement Proposals. Contribute to bitcoin/bips development by creating an account on GitHub.

Hardcore bitcoiner question: if you had a cryptographically relevant quantum computer that can deduce private keys from public keys, can you spend funds from a taproot bitcoin address that doesn’t have a keypath spend (only script paths)? In other words, even if a keypath doesn’t exist, can a private key be found that will validate a spend via the keypath? Note this is different than asking if one can prove whether or not such a key can exist, my question assumes any key can exist and rather is asking about bitcoin script validation along the key path.

Here is another bitcoin time locking idea: a zenHodl ladder: a taproot style wallet with one key spending after blockheight 1 year in the future, another key spending at 2 years hence, another at 3 years, and so on… Don’t plan on spending bitcoin this year? Destroy the corresponding key. Going off grid for 3 years? Destroy the next three keys… The downside? You need xpubs for all keys to reconstruct the wallet. Makes backup harder.

Looking forward to playing with these #frostsnap hardware wallets. I got to play with a few in Australia in July and it’s a clever system…and I need to dig deeper…

You know how some people think drugs made their art or music better/possible? You know what I think? Many people have great ideas that they think are shitty, and hence never share them. But if you’re high, you’ll keep working on said shitty idea and come to like the idea and eventually make something good out of it. Probably while not high.

I’m old enough in bitcoin years to remember people being mad at @Luke Dashjr for spamming the chain with non-financial data inclusion…people were really against prayer, out of proportion to the minimal resource consumption of the way he embedded the data (compared to inscriptions hack, for example). I’m not so concerned about op_return when the real problem lies elsewhere. The real question is whether or not the real problem can be fixed and at what cost. This is a technical question that requires plebs to learn a great deal before forming opinions, something few are prone to do…but many form firm opinions without understanding based on their feelings of what bitcoin is or should be.

Imagine owning gold since 1980…you were right but 43 years too early. You saw your savings collapse to roughly ⅓ your initial investment before going up 5x …but that 5x took an investment about 1 investing lifetime ago…seriously, who lives long enough to invest more that 40 years? In short, you got more than completely _FUCKED_…you got roughly 3.8% return per year for 43 years. Way to go, jack ass. If you bought bitcoin in the last two years, you would be at 2x your initial investment. Thats about 40% per year for 2 years. You got 40% of the return for 1/21st the amount of time the 1980 investor did. That said, bitcoin crushed you over all but the most recent time periods. Gold has a very very important role, but it’s not what you think!