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Bitcoin.Review
0371db7fd4437ce63e60dedc313cad6ee8b17fc691fe05231f9a140134fc0d08
A Podcast and Newsletter review of Bitcoin Software updates and related topics with NVK and guests.

Fewer memes, more progress. πŸ’ͺ

From a fringe experiment to global adoption in just 15 years. 🌍

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 and nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 break down how Bitcoin’s growth mirrors the rapid pace of tech startups - far from the centuries-long shifts of history. [BR089]

https://m.primal.net/NPSx.mov

What happens if quantum computers break SHA-256? Could #Bitcoin survive such an event?

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 , nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw and nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 discuss the quantum threat, and the possible defensive options we have available both now and in the future. [BR089]

https://m.primal.net/NNGw.mov

If the government announced that all exchanges must move bitcoins over to a one-way hardfork that adds "monetary policy tools" and OFAC compliance, could #bitcoin support an exit for everyone who wants out? πŸ€”

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 , nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw and nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 respond to James OB’s tweet in BR089.

https://m.primal.net/NMAi.mov

As a surge of retail investors opt for ETFs and MSTR over #bitcoin in self custody, this cycle has seen a decoupling between #Bitcoin's price and on-chain activity.

nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw and nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 discuss the effect in BR089.

https://m.primal.net/NKys.mov

🚨Two versions (1.95.6 and 1.95.7) of the popular solana/web3.js npm library were recently disovered to be malicious, harvesting private keys to drain wallets.

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 , nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 & nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw discuss the lessons to be learned from this incident in BR089.

https://m.primal.net/NITH.mov

Sadly, not everyone will choose to self custody their #bitcoin, and instead are choosing to gain exposure through owning ETFs, and stocks like #MSTR.

How bad is this for Bitcoin?

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 & nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw weigh in on this question in BR089.

https://m.primal.net/NHdS.mov

Bitcoin's history of community signalling thrives.

The bitcoin wiki Covenants Support page displays a table of covenant opcodes and their levels of support among over 45 developers.πŸ‘‡

https://en.bitcoin.it/wiki/Covenants_support

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 and nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw discuss the importance in BR089.

https://m.primal.net/NEmx.mov

Scaling hardware for #Bitcoin is tricky. Unlike other industries, there's no rollback if things go wrong.

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 explains why maintaining compatibility across generations is vital for security, but also a challenge for user expectations. [BR089]

https://m.primal.net/NEUr.mov

Consolidating UTXOs into a single tx during wallet migration? 🚫

Staggered broadcasts and privacy-preserving wallet migration. βœ…

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 , nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw & nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 advocate for "Broadcast Pool" in Bitcoin Core , enabling future-dated txs for greater privacy & control. [BR089]

https://m.primal.net/NDtd.mov

πŸ—³οΈ Indexing: β–“β–‘β–‘β–‘β–‘β–‘β–‘β–‘β–‘β–‘ 5%

πŸ—οΈ Building: β–“β–“β–“β–“β–“β–“β–“β–“β–“β–“β–“β–“β–“β–“β–“β–“β–“β–“β–“β–“ 95%

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 and nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw discuss the futility of engaging in politics versus building tools to free humanity in BR089.

https://m.primal.net/NCxh.mov

"The best thing technologists can do is make the life of the anti-technologists impossible." πŸ”₯

~NVK

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 , nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 & nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw discuss the war on digital freedom in BR089.

(Donate to P2Prights.org to help defend non-custodial tools & devs from government overreach!)

https://m.primal.net/NCkE.mov

Is base chain privacy possible without compromising #Bitcoin's supply?

The fixed supply remains auditable because every UTXO is public. Avoiding privacy trade-offs like inflation risks ensure Bitcoin's limited supply .

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 , nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw & nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 explore the dynamics in BR089.

https://m.primal.net/NCCH.mov

COLDCARD’s approach: #Bitcoin only, no vendor lock-in, and a secure element chip capable of reliably safeguarding your funds.

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 highlights trade-offs in hardware wallet design between different manufacturers in BR089.

https://m.primal.net/NBNZ.mov

🚨 Vulnerability in WabiSabi coinjoin protocol exposes users to deanonymization risks 🚨

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 , nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 and nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw discuss the vulnerability, and share their scepticism about the state of the WabiSabi coinjoin protocol despite claims that the issue has been fixed. [BR089]

https://m.primal.net/NAue.mov

Don’t reinvent the wheel when it comes to #bitcoin security.

Core has been reviewed to death for a reason. Proven solutions, even with trade-offs, are better than unproven ones.

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 , nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw & nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 break it down in BR089.

https://m.primal.net/NAME.mov

Multivendor multisig: robust, but complicated.

NVK highlights the challenges non-technical users face, from firmware issues to emergency access. Is single vendor multisig good enough?

nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 & nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 dive into the trade-offs in BR089.

https://m.primal.net/MztF.mov

Different hardware wallets, radically different protocols.

#Lark, built to replace Python-based HWI, ensures better integration and user experience for Sparrow Wallet.

nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 talks learnings and insights in BR089.

https://m.primal.net/MzOo.mov

Seed QRs can be dangerous. Cameras everywhere - from TVs to security systems - can leak your backup.

nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw argues that seed-level operations should be high friction for security, while nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 suggests more sophisticated solutions like as BitKey are superior options. [BR089]

https://m.primal.net/MzCT.mov

Bad entropy attacks are rare but devastating.πŸͺ¦

Single sig wallets are low-hanging fruit. Multisig setups and passphrases increase security, making brute-force attacks prohibitively difficult.

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 , nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 & nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw discuss defending against these types of attacks. [BR089]

https://m.primal.net/MyBP.mov