Avatar
21seasons
ba40a9197ddc4cf2e900beb4ec625093033d78a5d8b40f9e4d0756f4d1ca8326
Writing notes and comments about #Bitcoin, #Nostr, #Freedom and software development

"I am, I confess, one of those who think that choice and impulse ought to come from below and not from above, from citizen and not from the legislator; and the opposite doctrine appears to me to tend to the destruction of liberty and of human dignity."

- Frederic Bastiat, 1850

That's simply not true. Everybody who''s able to have access to computer or mobile phone is "able" to do on-chain transactions, that's the whole point.

I understand you mean that not everybody can afford to do transact on-chain, but there's really importany nuance here. Not affording to do something it's very different than "being able" to do something.

"Put all your eggs in one basket, and then watch that basket."

- Andrew Carnegie on #bitcoin

I use to pay โ‚ฌ30, but nowadays I cut my own hair and stack sats with โ‚ฌ30 every time.

#bitcoin > fiat haircut

Ok, I have 9 and everything seems to run pretty smooth with Amethyst.

I don't know anybody who uses it anymore. I know some people who are using X, which seems to be kind of bad Twitter clone for me, but even that seems to be mostly about bots discussing between each other about unrelevant things, so not very LIVEly signal there also.

Replying to Avatar StackSats.IO

nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv doesnโ€™t understand #Bitcoin.

Considering her ability to dive down rabbit holes Iโ€™d have thought she would have gone deeper on this topic, especially since itโ€™s the only real resistance to the dystopia she writes about.

Banks can offer good and useful services to the people and companies and there's nothing wrong with that. It's just that the money printing is not one of them.

Replying to Avatar gladstein

HRF is excited to announce the CISA Research Fellowship ๐ŸŽ‰

Cross-Input Signature Aggregation (CISA) is a proposed upgrade to Bitcoin that could potentially enhance privacy and provide cost-savings for transactions

HRF is sponsoring a four-month research fellowship to help analyze the state and future of CISA

The product of the fellowship will be an industry paper that seeks to answer the following questions:

1) How could CISA improve Bitcoin privacy?

2) Exactly how much cost-savings could CISA provide across different types of transactions? This will include a comparison of full versus half aggregate implementations.

3) How meaningful might these cost savings be to different industry participants? Given historical precedent, could these cost savings make Taproot the default script type, as Native Segwit is today?

4) Could CISA, if adopted widely, reduce the effectiveness of chain analysis?

5) Could CISA pave the way for cheaper transactions in a high-fee environment?

6) Could CISA lower the minimum economically spendable account at a given fee rate?

7) Could CISA help exchanges by, for example, saving them money while they consolidate small UTXOs?

8) How does CISA compare to other aggregation strategies?

9) Are there any ways in which CISA could help upgrade or complement the Lightning Network, eCash, or existing CoinJoin mechanisms?

10) How might CISA protect the social and legal choice of Bitcoin users and businesses to CoinJoin, and the likelihood of more CoinJoin behavior, if users could state (if asked) that their decision was based on saving money, not simply seeking more privacy?

11) How would Bitcoin Core need to change to integrate CISA? Are there any known current improvement proposals?

12) How would SegWit need to change to integrate CISA?

13) Could CISA be packaged with (and might it be mutually beneficial with) any existing softfork convent proposals?

14) Would CISA have any impact on output destruction versus creation? How would implementation relate to the witness discount?

15) How problematic would the interactive nature of full aggregate CISA be? What strategies might be adopted to ameliorate this?

16) What would be the main downsides and risks of bringing CISA to Bitcoin?

17) How would a CISA-powered for-profit service that could help people save money on fees, if they are willing to enter an interactive pool, work?

18) What other kinds of CISA-powered apps can be envisioned?

The fellowship is being created with the acknowledgement that CISA may not be a helpful or appropriate addition to Bitcoin, but with the open mind that it might be

The fellow will receive 50 million sats to support their efforts during the research and writing period

The research is expected to be on par with the standards established by bitcoinrollups.org, a previous HRF research fellowship paper reviewing rollup technology

To apply, please email cisafellowship@hrf.org before May 15, 2024

Please include relevant information about your industry or academic background, a research plan in terms of who you will speak to, and your current sense of the impact CISA could have for Bitcoin ๐Ÿ™

What a note just after yours in my feed ๐Ÿ˜„

Discount? There's only couple of days in history when #bitcoin has been this high!

Would love to get some discount tho when I get my fiat mine paycheck next week.

ETH can only be interpreted as an attack vector on #Bitcoin if you don't understand how Bitcoin and free markets works.

Is Coca-Cola attack vector on water? Are bicycles attack vector on walking? Are apples attack vector on oranges?

Bitcoin and Ethereum are different technology and serves different purposes.

Bitcoin is about money and freedom, Ethereum is about generating more fiat and slavery while also acting as a huge bitcoin marketing machine.