Many still do not understand either the blockchain trilemma or the trade-offs

If you want to scale you're going to have to accept trade-offs.

Hal Finney explains it well

I taught my wife how to handle her UTXO, and her reaction was: “why the fuck I pay few dollars to move it” 🤷‍♂️

Now that the inscriptions people are attracting a lot of talented developers, I’m noticing something that I haven’t felt in YEARS.

Back in 2013 era I would never feel comfortable wading into the tech conversation of Bitcoin development.

After the blocksize wars, it became easier to understand the conversation around bitcoin consensus.

Now that the inscriptions people are pushing, in a somewhat adversarial way, ideas like mempool filtering, op_ctv, op_cat, running nodes to inscribe, etc — I feel way less comfortable having an opinion.

For the first time in YEARS, it feels like the shadowy super coders are the participants in the battlefield of ideas pushing the conversation forward, rather than the philosophical intellectuals and monetary maximalists.

The math: whole vs parts

#m=image%2Fjpeg&dim=1080x556&blurhash=iDLfXED%2B4TT%7C3Yv%7E9ZXT58IAnOtRNHRj%25Lt6M%7Cs%3BP%3ByDRPozxuxuNGZ%7E%24faxM%7BRixabIt5RjWYxuyYxuM%7CnOxFt6WBVYRj&x=ec25130d0d86944ee0e850768276fb698659ab0f21c0973d3cf98677f1f33

🤦🏼‍♀️

#m=image%2Fjpeg&dim=1080x1076&blurhash=%7C484i6xaI9-p9F-pIAR*WX_39F-o%252Dj%3FaM%7BbIWXt7Di%25LxaIU-%3BRiWXog_3Mxt6t7IU-pRjWXkC%7EqIAs%3AxuIU%25MM%7BkCkC%5E%2BIUt7t8D%25%252WBWCWVe.M%7Bt7WBWBxuRiofof%3FbayRjozM%7Bj%3Fj%40ayfRRjRja%7DkCWBofayj%5Bof&x=ca048697ad9e2806201ed4d6b97abbf4feaf9c26515967cdd2c383d315217384

INCREDIBLE ARTWORK. LOL. ROFLMAO.

#m=image%2Fjpeg&dim=1080x867&blurhash=%2347KuNn%24%251%250Di%3Fb4no%23M%7B%7EqD%25%25MxZD%24-%3BD%25xvRjV%3FIA-%3As.Mx-%3BIUxubI%3FaRO-%3At6D%25%25MM%7Bt7WCWBM%7BofRjM%7BxuRjkCofRkWVt7oIjYoeWCWVay.8NeIobIbHRja%23ayae&x=f6ebc73aaeb7ec6a054a61b462abdf7d9f20a67f686f1b147132f21cb225d538

#m=image%2Fjpeg&dim=1290x1292&blurhash=%7CUI%3BL-%3A%5B%5EQjbE3rqxA%239xc9l-nxVj%5Df%2CRnM%7ExFt7IVyCRijYj%5EWCnfXTRj%3D%3BkXaKjukCn%24s*jcWB9%24wbt6bIbHbYR%3Dt1t7%7EAruxbf6RjjF%25JnPkCJ5RjRpbGobX9NHW%3DW%2CD*WBbGbHa%7Bbua%24XRRkV%3FX8WVj%5BoLjFt5aejs&x=293edd7506bf92eed90e92c3276d98ada3be1dff92e1807a56227445ff0d62df

A beautiful graph on why whirlpool is an extremely inefficient design.

Even Wasabi 1.0 was way more efficient than that, and Wasabi got substantially improved with Wasabi 1.1 (multi denomination) and 2.0 (arbitrary denomination).

#m=image%2Fjpeg&dim=1544x1491&blurhash=%7C8S6Vz%25M%7EqMy-%3DgLogt8wgtRM_D%25xvR%24xv-qV%40oNxbbakCoLR*aejZWUj%5BxuoM%25MWURQWANFoMW-%3FcMxIU%25gNFWExuRiRkNFX7xbnQR%2Ba_WBX7spf%2CxakBIonjazWBxHNssEt7kCM%7BtQV%5BM%7BxuRjIUof%25LRkV%40oeWCWAog&x=b797d97ca1d1e4a09e1fc4f435b8f5b54328fa426fd304aa69aef8b3d1e3d949

I still don’t understand why people are selling bitcoin from GBTC

Explain it to me like I am 5

CTV and Cold Channels.

Today in Bitcoin, to make a channel, you must first receive Bitcoin on-chain and then transfer it to a channel with your partner interactively. This is a minimum of two transactions just to open a channel and the channel opening cannot be batched.

With CTV, channels can be hidden inside your pubKey so that when you're paid and the transaction is committed on-chain (can even be batched using only one UTXO), that on-chain commitment is sufficient to use your channel. No need to dump the channel details on-chain.

#m=image%2Fjpeg&dim=819x540&blurhash=r89tP%25yUD*M%7CNZV%5BM%7BxuRRGcnhr%3BoInhWBV%40kWWBHbICbrkURQoybYfRox%5EcW%3DNIW%3DS4oLWCjYayucyAVun%2Ct7V%5BahWAV%5B%7DmR.NKWXNIoeW%3BjFWB&x=860ed55345f9f855729c8bf1dfd19accc63cac0b31f90d19fef23c3a444d4263

#m=image%2Fjpeg&dim=825x540&blurhash=r67xBu.5RzRjVtRRIUt8xtpPjKRCaixca_V%5Dk8WBDSH%5DIBodx%40tPf%23WXayr%23bWR%24oxoxa%23k9WEf6tGyBtkogaQRQt7WARj%23xWANEk8k7j%5BbXaija&x=3329ea1a5da027f809f762a80c17fb860055934d498ac379894bcc18adbee1a3

I don't price houses in bananas

I don't price bitcoin in Fiat

any time i have a concrete project to ship, i struggle 🤔

Just a thought... We should stop drawing transactions as interconnected lines. There should be a break.

Transaction inputs are collected, counted and "destroyed" aka spent.

Transaction outputs are new coins that must, along with fees, amount to the same as the inputs.

I propose we start drawing them like this with a break in the middle:

#m=image%2Fjpeg&dim=625x260&blurhash=ZMQ0UNt6xGbD%25ZRkX3xat3%7EnWEtPWDRpoJoNaxah_1M%7C4pxtjZtPt5R*RkE3t5%3FZRlR*WFRlocxt&x=b09eedf9555fd3c51bf54185cb286fc410378ebc3cf3995e52991cb60efe95c3

Is Coinbase to big to fail yet?

question?

How do I make a reusable QR code that is for both lightning or onchain? Does something like this exist?

🚨BREAKING🚨

SUITS SPEND $5,000,000,000

ON FAKE #Bitcoin nostr:note1fteumk0sqz9xerd0ygy96gc0352jyt7j6nm9vkkfexepa763c86qxhgwtz

so my friend who bought bitcoin at the top (60k) just closed his position at 49k before it makes him lose more money.. he waited more than 2 years to still close it in red...

now he wants to invest again but on bitcoin ETF because is "safer"

he never managed/wanted to self custody or anything similar, not even when ftx collapsed.. always wanted to keep his corn i a "trusted" exchange...

Wow imagine the day

You can USE AN APPLE IPHONE WITH

(graspheneOS) software