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Rijndael
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unlicensed bit flipper. pie maximalist.

Recursive covenants dont automatically enable onchain kyc.

You can do onchain kyc today with 2/2 multisig.

Right now with a lot of presigned protocols (like lightning commitment transactions), you include a separate output thats small so that if you need to fee-bump the transaction you can CPFP that output. One problem with this is you need to have some funds locked up in this anchor. Another is that for something like lightning, each side needs to have an anchor. And also anchors are sort of unique and ad hoc. Instagibbs has been working on ephemeral anchors which are like a standardized 0-value anyone can spend output. So you dont have funds locked up, you only need one anchor and either party can bump it, and its composable with other protocols. The actual output is an OP_TRUE and then a little two byte tag. This release of bitcoin standardizes that output so nodes will relay those transactions. They’ve been consensus valid, but until now you would have had to hand them to a miner

Yep! Super excited! I tun a couple pruned nodes on laptops.

Thanks for doing all that work!

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Looks like IBD is getting ~30% faster, full-rbf by default, and pay-to-anchor is now standard (SUPER useful anchor outputs for CPFPing transactions, making it easier to manage fees for presigned tx protocols, like lightning but other applications too!), and i am OVER THE MOON about the move to cmake for the build system

Bitcoin v28 looks like it’s gonna be a banger

I think it’s fun to play with. I like how simple the interface is and as a result how much software has popped up around it. I’m very skeptical that it finds mainstream adoption for traditional payments, but i think there’s a usecase around SaaS/IaaS/PaaS billing and metering that could be really interesting.

So I’m a fan of the project, not really sure where it will end up, and that’s great.

Lightning wallets are hard. Non custodial lightning wallets are harder. Making a business out of an economically sustainable non custodial lightning wallet that is privacy preserving and competitive is insanely hard.

Sometimes things don’t work out. Even good ideas built by brilliant people sometimes (most of the time) don’t work out.

If you didn’t read the blog post, you should. If you read it you should read it again. Lot of answers in there.

What are peoples favorite cashu mints these days?