Nostr Web Client

You mean segwit was a covert attack due to the discount which started being abused after taproot? This would seem like a very long term attack plan indeed

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1mo ago

yes. exploiting the non-monetary capabilities of the scripts is a major factor in how they acquire control. they recruited the whole shitcoin crowd to do the ordinals and all that shit.

and taproot leaks the pubkey before it is spent, so that opens a large state sized attacker to steal the largest UTXOs, whether or not those were from lost keys, they will eventually break satoshi's keys, i'm pretty sure. probably the fud for that cycle (4 or 8 years down the track) will be that satoshi is the government but i would guess it will be a quantum supercomputer.

i did the math on it a few months ago and if you focus that on the biggest UTXOs, somewhere near anywhere over 8000 bitcoin (whole bitcoin lol) it's at least paid for with the ability to dump that on the market to artificially stoke the fear/hope cycle.

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1mo ago

the speed with which i can play out all the scenarios using an LLM and drill down to the fundamental principles involved means that while they are probably going to get their de facto new USD, legitimate replacements can also be built very fast now, and if they are adopted by bitcoiners for reasons of its fixes on the vulnerabilities, the suits adopt it, and we defect. and the security of the replacement will prevent this from happening again, and if it's successful, will drain the money printer benefit from bitcoin and prevent successful monetary reset.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1mo ago

https://git.mleku.dev/mleku/jericho/src/branch/dev/Jericho%20Consensus.md

this is my first draft proposal for it. i've covered almost all of the vulnerabilities to mercenary and collusive miners, the coin control issue, the ability for the protocol to ossify without breaking the state channel protocol (bitcoin can't scale for lightning, this was already understood at the start).

all the things we have learned can make a better bitcoin, legit, not some fucking scam.

epsql 1mo ago

> they recruited the whole shitcoin crowd to do the ordinals and all that shit

Are you talking about state-level attackers in this case? I think it's important to define who the enemy is in order to be able to fight it.

Is Saylor an enemy for example? Treasurey companies clearly take Bitcoin and put in a cage

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1mo ago

doesn't necessarily have to be a conspiracy on that level. shadowy figures and "fortunate meetings" can lead to people doing the will of others without understanding they are being manipulated.

the entire edifice of shitcoinery is founded on the use of propaganda to syphon money out of retail. you know exactly who in the world is most competent at leaving no prosecutable traces in a conspiracy. 2020. 2001. just two recent examples of how total their control is over narrative, and narrative is actually what maintains the economic hostage and fear/hope cycle that maintains the escalation of bitcoin held off the market.

never let a crisis go to waste. easy to set up stage managed crises to push the direction too.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1mo ago

also, there is no sense in fighting when you can already see that they have the permanent upper hand. maintaining the narrative to retain maximal degen participation is key to them not shooting themselves in the foot.