Avatar
Dr. Bitcoin, MD
4f4f82846698ff66ae5fa9fad4c0c4eb7823afb07fa9f54ea9d15f1217ae96cc
Bitcoin OG since 2010, former laptop solo miner, blockstream satellite node runner, #2A rights user, radiologist

Possessing a firearm intended to be fired from the shoulder with a rifled barrel less than 16 inches in length or possessing a non-rifled shoulder fired firearms with a smooth barrel of less than 18.5 inches. You must pay a $200 tax or risk prison before exercising your second amendment rights in this fashion.

The $5 tax is for Any Other Weapon, which has a considerably more convoluted definition, but one way to create an AOW is to put a plastic handle on the front of your pistol.

nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m needs to see this project. Or at least the idea behind this project: gracefully degrading timelock multisig (2/3–>1/3 after timelock).

USA Freedom Test:

Name one tax not exceeding $200 that failure to pay on time can result in a $250,000 fine and 10 years imprisonment…

Bonus, name a related $5 tax with the same penalties…

Anyone ever work with time locked transactions ? I mean, other than lightning and Blockstream green?

It seems to me the biggest unaddressed need in bitcoin is hardware wallet integration / verification of time locked transactions…especially in the style of the Blockstream green multisig where #of signers decreases over time.

Maybe nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 has an idea? What better security could you have other than the complete inability to spend?

Or does RBF make this security moot?

Replying to Avatar nick

Check out our latest Frostsnap prototypes.

Hardware wizardry nostr:npub164hqu5x5jn0smy7ftfdzadsv3ncv9myay5e3fpqgc8a7exnq8tkqe89e55

App ingenuity nostr:npub1xh897wvhn93tda0zws94mdyc7eagc8qm0798clp7x48zh6kjwazq29gst6

Welcome to the future of #bitcoin self-custody ā„

https://frostsnap.com/demo.mp4

Frostsnap is a mobile-first hardware wallet šŸ“²

Begin your self-custody journey by plugging Frostsnap devices into your phone and naming them via the Frostsnap app.

Choose a security threshold and begin key generation to easily set up a multisig wallet in a matter of seconds.

In this demo we create a 2-of-3 multisig between the devices. A threshold of two means we need any two of the three devices to sign in order to spend funds from the wallet. ā„ļøšŸ”’

Daisy-chained Frostsnap devices participate in distributed key generation, each contributing entropy to a joint secret shared across multiple devices.

No single device knows the overall secret, only a fragment.

You, the user, can easily verify the key was created securely āœ…

After creating a new key, you can hide your Frostsnap devices in different locations or share them among people you trust. šŸ˜ļøšŸļøšŸ‘Øā€āš–ļø

When it comes time to make a bitcoin transaction or sign a Nostr post under your Frostsnap key, you must sign on multiple devices.

Frostsnap is crafting a whole new Bitcoin experience,

And we're fixing the problems of self-custody today:

security, accessibility, cost, and privacy.

Frostsnap is making #bitcoin ownership easy, personalized, and secure.

Stay Frosty ā„ļø

Cool. Timelock transactions is another neglected part of the market.

There are other multisig wallets but this looks by far the easiest.

But many folks don’t care about multisig. Better security available with time locks and nobody is working on it. Low hanging fruit.

Combining multisig and time locks would be epic. Example: 3 of 3 for next 50,000 blocks, 2 of 3 after that for the next 50,000 blocks, 1 of 3 after that

All I see is the nostr address (spaces added by me for clarity)

nostr : naddr1 qqghyetk94eksctjv5khxmrpwejhy7gzyprqcf0xst760qet2tglytfay2e3wmvh9asdehpjztkceyh0s5r9cqcyqqq823c33m8ht

I may have it backwards. I live in Arizona. We don’t move the clocks around…all I know is that I drive to work and see the sun at different phases of rising at the same time every day. If I moved the clock by an hour, I’d miss this. A lot.

There is a lot of wealth out there, and you don’t have it. But maybe your parents or grandparents do. But almost certainly if not your parents or grandparents, there are other people whose parents or grandparents have a portion of this massive wealth.

How do you inherit from people who are not your relatives? Bitcoin.

Daylight savings is just a scam to keep you from seeing the sun rise.

I feel like I just updated to 6.6.5 yesterday.

A bill that instructs the executive branch to decide what to do next. Right.

Also, anything that starts with definitions means they want to redefine words to mean something else to support their otherwise indefensible position.

Fact check: true

Context: because bitcoin supply is finite, block space must be costly. New software for creating transactions and possibly new transaction types (soft fork) must be invented to more efficiently use block space to share the cost of block space over a larger number of users. This type of optimization is independent of layer 2 and 3 solutions. Example: signature aggregation. More efficient for dozens or hundreds of users to add an input and an output to a single large transaction than to have each transact on their own; with schnorr signatures now in bitcoin, you can represent all of the signatures as a sum…in effect, dozens or hundreds of signatures can be represented as a single signature. There are even methods of aggregation the span across blocks, but creating these cross block aggregated signatures is much trickier.

When bitcoin was $5,000, my medical partners asked if I would sell. I yawned and said maybe at $50,000 I would think about it.

They thought I was crazy. Now I’m yawning past $50,000.

When you truly own bitcoin, it’s like everyone works for you. You own a slice of the production capacity of everybody.

…and that’s why, if you think about it, the only rational conclusion is that we, and everything in Earth, are merely the least popular exhibit in an alien zoo…