@jack mallers hasn't Tweeted yet, by reports that he's heading a new Pile of #Bitcoin venture are an interesting move. We shall, of course, refer to the new company as "Tether One".

Stacker News AMA coming up! I love doing these: always some surprising questions and answers

Stacker News

~AMA \ stacker news

moderating forums with money

I've long been toying with the idea of an L2 for unenforceable ("trivial") amounts. The only mechanism here is that if the coordinator misbehaves, a user can prove it and send *all* the funds to a fallback. The default fallback is half-burn, half-fees*, but it could also be some custodian of last resort. This is strictly weaker than, say, lightning, but I think it's the best you can do for tiny amounts: ensure that there's no profit in cheating. The problem is that I don't think you can prove all the different ways the coordinator can screw you. It can fail to respond at all. It can claim to be unable to make any lightning payment you ask for. You can probably prove misbehaviour for any transfer to/from other internal users of the same system, but that's not very useful if you can't get funds out! So I'm posting here in case it forms a useful component for building something. Good luck! * Christian Decker nominated this a "Nero protocol", which I like.

Capitalism is good and noble and drives competition for the betterment of everyone! It's only the unholy fiat which drives people to lower quality or shrinkflate! They would never think to increase profits that way otherwise! Seriously, if you're making these arguments and nobody's pushing back, they're either not listening or you're in a bubble.

I both want and dread writing up my evaluation of OP_CTV. Any AIs good at drawing simple diagrams? I think a diagram showing what parts of the tx CTV covers is probably the best way to present it (and thus evaluate it against possible alternatives). Txid and wtxid hashing diagrams would complete the family.

Evergreen post: Bitcoin price predictions and stupid people attract.

Triquetral bone - Wikipedia

Damn. Can still type fine, though!

I don't identify as a #Bitcoiner. I do identify as a Free Software developer. From my perspective, Bitcoin is just the project that needs the most development from my skills right now (or, less charitably, where I can have the most fun!). But if you think of me as a #Bitcoiner you're going to be terribly disappointed with my non-traditional RL friends, oddball political views and weird hobbies.

"Tether is owned and operated by bitcoiners" Really? And if so, is it relevant? I suspect it is more reliable to predict behavior using current motivations, not self-proclaimed categories. And the incentives for Tether are to go further out on the risk curve, cover up any losses to avoid a run, cosy up to high-profile Bitcoiners to get endorsements, get "dumb money" holders so you never have to pay out fully. They've done all of these in the past. They're making so much money right now you might assume these things are behind them. But the incentives remain: many people thought FTX was making so much money they wouldn't flush it all doing stupid things, right?

#Bitcoin price predictions and stupid people attract.

I have too much on my plate. I am excited about restoring Bitcoin Script, but I am more then full-time with my Lightning work. But if someone has experience with Bitcoin's inner workings and wants to work on this, I would commit to carving out time to mentor them and help them get a grant. It's not going to be easy, but it could be Great! Ping me if you want to discuss 🧡

Sometimes, I feel Blockstream marketing team really earn their salaries:

Meanwhile, on TwiXter: If I'm reading this right, having a whole Bitcoin will sterilize you? Or kill your children? Maybe I should unretire Shit Bitcoiners Say...