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Rusty Russell
rusty@rusty.ozlabs.org
npub179e9...lz4s
Lead Core Lightning, Standards Wrangler, Bitcoin Script Restoration ponderer, coder. Full time employed on Free and Open Source Software since 1998. Joyous hacking with others for over 25 years.
I've been through tech hype cycles before. They always have a grain of truth in them (otherwise they're trivially refuted) but they don't always work out. I have been through three VR waves, for example. I can't tell where Quantum Computing will land, though it has all the signs of needing a few more decades of occasional hype cycles. But I *can* tell that all the proposed mitigating signature schemes for Bitcoin suck hard: they're technically impressive because they're 10x better than I expected, but they're still 10x worse than what we have now. This means two things: I applaud and support the continuing research. And I won't support a soft fork any new cryptographic schemes until the someone demonstrates an extant QC that can factor faster than a classical one.
This one doesn't keep getting disconnected from LND and Eclair, because we disabled the padding feature which made all messages the same length on the wire which was to be a release feature 😔 It was an obscure part of the spec, but LND have already fixed theirs for v21: kudos! I submitted PRs to Eclair and Phoenix (the latter mainly Claude, but it's a trivial change). I still have hope for a workaround, but we'll see if I can get it before Sangbida as Release Captain says No! View quoted note →
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Rusty Russell 2 weeks ago
"Also Bitcoin Core, but in blue" Send $$ NOW for my new project!
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Rusty Russell 2 weeks ago
I keep hearing about all the billions left on the sidelines, which will come rushing into Bitcoin when some legislative or regulatory event occurs. Here's some history: - Bitcoin futures ETFs. October 2021, price $61k - Bitcoin spot ETFs. January 2024, price $42k - March 2026, price $70k Now, maybe it's still coming, but at this point you might want to start doubting this narrative.
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Rusty Russell 0 months ago
Finally read BIP-54 (mirror at https://bips.dev/54/) and it is straightforward,minimal and thorough. At this point I can endorse it as a good idea and worth doing. There's no rush, but I am looking forward to activation.
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Rusty Russell 1 month ago
Finally, the PR to assign BIP numbers to the first two BIPs of the "script restoration quartet". Here's the corresponding bitcoin-dev the mailing list post: Hi all, I've submitted a PR to the BIPs repo to merge the first two drafts of the previously posted[1] "A Bitcoin Scripting Proposal BIP Quartet": The only substantive change since the last discussion is that the costs have increased for some operations (hashing and copying bytes), as a result of benchmarking on a wider array of machines[2]. This follows our conservative approach to make the worst-case validation times no worse than they are presently, on any viable hardware. The remaining two BIPs (OP_TX, and new opcodes) are not submitted: they are mainly useful to provide a roadmap what functional gaps remain after the script extensions, and do not have full implementations. Cheers! Rusty & Julian. [1] https://groups.google.com/g/bitcoindev/c/GisTcPb8Jco/m/8znWcWwKAQAJ [2]
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Rusty Russell 1 month ago
You will not be at peace until you understand the truth: every non-coinbase bitcoin transaction which does not eventually send funds to me is spam.