Avatar
moneyball
e20f8a383ac5e15366101c1608ee4f33fa8b2d79250ceb2b5a8abaa4394a6e7c
₿moneyball@twelve.cash

You can now pre-order Bitkey! Consider it as a holiday gift for friends and loved ones who want to get their bitcoin off exchanges but are scared to self custody. nostr:note1l7f84gy2r58r6u320mthyvweus3uw0k99dggrnj7kgn4wjkg752spfy0ry

Detailed 22 pager on Bitkey's recovery. Highly recommended read for anyone who nerds out on self-custody. https://bitkey.build/sharing-our-recovery-design/

More performant and reliable than Tor and much cheaper than a generalized VPN service. Hopefully will just be baked into bitcoin wallets.

More attention should be paid to OHTTP in the bitcoin space

nostr:note1emntr0t76k3xufu9c9qljvdneachzewdg7pxqlqs7xfjhtr9fzpqc2mqwx

That's one big screen

Replying to Avatar Leo Wandersleb

How centralized is Bitcoin mining regarding the providers of the hardware? Do people care when buying hardware?

People speculate a lot about how much money it would take to arm a 51% attack but rarely do I see people worry about that money coming from trusting customers.

The currently biggest producer of Bitcoin mining hardware - BitMain - set precedence for a kill switch https://bitcointalk.org/index.php?topic=1888573.0 that if present could be used to "incentivize" miners to follow their policy decisions - honor blacklists for example.

How well are we protected against miners activating such a kill switch after some specific activation date? I assume they are closed source, so it would be hard to detect before a triggering date.

We need more chip makers and to open up these systems more.

Substantial improvements to the WS experience! nostr:note1kpqfjxf6fejl0rdnsppanmkwsg45erpcrfdhmtex74czrcxg7r6sd0l22q

Where are you imagining running VLS?

We have advocated. See the advocacy website I linked. And spoken to PMs and engineers at some of the companies. They don't see it as a business priority.

Would love to see analysis of how bad it is relative to LN flood and loot https://arxiv.org/abs/2006.08513

When will exchanges support bech32m? Until then it is risky for a wallet to be taproot-only. https://whentaproot.org/

Can you elaborate?

As long as you're confident a quorum of signers properly delete old shares then you're good. For example, someone could steal one device in a 2of3 and the other 2 signers you control can generate a new set of 3 shares and properly delete their two shares. The thief's share is pointless then.

There are examples of doing this though such as limiting the size of OP_RETURN, the introduction of standard transactions on Core as a forwarding policy, limiting the depth of child/parent transactions, limiting the size of a transaction, etc. Do you consider all of these a different category?

(I'm not suggesting we "do something" but I'm just exploring whether it is a reasonable discussion or not.)