Founder and CEO @LayerTwoLabs | Creator BitcoinHivemind.com | Blogger drivechain.info | Author BIP 300/301

Connecticut, USA
Joined September 2013
Bip300 allows BTC to scale to 8 billion users, with no code changes to Bitcoin Core Try the testnet (play money) now, at: LayerTwoLabs.com/download It also has "zSide" -- a chain where the [sender + receiver + amount] of the transaction are all encrypted
The US fiscal ship is sinking, And we are almost at the: "steal everything that's not nailed down, free for all, every man for himself" phase.
serious question except not really but actually kinda: is there anything stopping me from getting a part time job as a waiter and having my boss leave a large tip and reducing my salary accordingly
3
2
7
If this is ever finished, it will be about 1/50th as good of the zk-snark sidechain that you can try today at layertwolabs.com/download
The @CryptoHayes family office, @MaelstromFund, has just announced an open source developer grant to Ben Allen Ben Allen will work on Payjoin (@payjoindevkit), a system designed to make Bitcoin transactions more private cointelegraph.com/news/bitco…
2
4
Yes, the **remove** op return limit , are the anti-spam people Luke is pro-spam , he just doesn't realize it
argument for removing the limit on opreturn: the original point of that limit was to limit the amount of arb data that ends up on the blockchain. That is clearly not working anymore. Not only is it not working, but people who need data in _outputs_ are getting around that limit by making unspendable outputs, which bloats the UTXOset. So the limit is not just doing nothing, its driving user behavior to do something that is more harmful (bloating the UTXO set). So we should just remove it. Filterooors articulating the argument for removing the limit on opreturn: They say they're worried about UTXO bloat but that's a LIE! The UTXO set has grown by 3x in the last two years. If they really cared, they'd merge lukes inscription filtering patch! see the difference?
1
2
12
. retweeted
.@Truthcoin was right.. given enough time, PoS just becomes PoW In PoW, all consensus activity happens off chain. Votes are not transactions. A block header that meets the difficulty level is posted on-chain, aggregating all votes, drastically reducing operation cost.
can finally talk about what I've been working on in the past 5 months, and why SIMD 0257 has seen no activity. with Alpenglow all consensus activity happens off chain. Votes are finally no longer transactions. BLS certificate aggregates will be posted on chain for rewards, drastically decreasing validator operation cost. still lots to figure out in terms of rewards and dos vectors but a huge step forward for the community.
1
7
22
Yet another reason why Luke is wrong: Luke claims that for any node to *wait* to upgrade to the latest version, is a "failure of Bitcoin". And -- to *wait* to upgrade to the latest soft fork, is a colossal failure, and "regression to SPV". However: 1) every node is a full node of itself, but it is also equal to "SPV mode" of an infinity of closely-related protocols. These may not be used by anyone, but they still exist theoretically. For example, Bitcoin Core v 25 is a full node of itself, but an SPV node of a hypothetical soft fork (of 25) where we always reject a block if the last 4 bytes are 1234 + the versionbits end in 5678 2) Every full node, is **using SPV** on the question: will this block be orphaned ? There is NO way to KNOW the answer to that question using just your node. The ONLY source of illumination, on this question, is to do what spv nodes do: wait for more block headers to roll in, count them, and hope for the best. So: the "heaviest chain" rule -- is a rule that is only enforced at SPV level. Even the full nodes only enforce it at SPV security. And so -- Luke's nightmare scenario, --which he aims to prevent via his theory that we must all run the latest version, etc-- that bad outcome is actually the one we are all permanently stuck in, forever. It is inexorably linked to proof-of-work itself.
3
1
8
It is very good strategy to conceal (1) how happy you are, and (2) your specific sources of happiness These things should only be revealed to trustworthy allies, and even then only hinted at
i wonder what percentage of people in the world are truly genuinely happy. seems fairly low but every once in a while you meet a guy who’s just truly loving it.
6
1
2
I propose a new BIP, to limit spam. - reduce max block size from 4 MB to 400 KB - retain all conversions between bytes, vbytes, weight etc Since I already have BIPs 300 and 301 I humbly request this as "BIP 302"
4
4
24
Every day we waste on op return is further proof that BTC is doomed
GNU Taler can be used with bitcoin. It has been shared several times. Although it is as useless as cashu and fedimint.
Replying to @callebtc
Well, the commie version of Chaumian E-Cash at least 😜 Retaining transparency on the recipient side to allow for easier taxation is quite a steep price to pay for having it deployed in the fiat world. Still better than other CBDC ideas for sure though.
1
3
4
So does Mr Trump actually write these himself? or what
3
1
4
This is the final destination of Luke-ism.
2
1
27
It is true Pre-cellphone cameras, everyone behaved very differently There was much more goofing off Nowadays everything is more subdued
Replying to @nosilverv
I might be wrong, but I don't think I'm wrong. I think before video was subordinated to life and so actually capture it. But I think it reflexivity changed it and normal life is subordinated to video, even if no one is filming. Something was lost.
2
3
8
This is the same mistake that the BSV people make... ...mixing up Mandatory and Optional data. (It is also the same mistake Peter Todd makes, re drivechain) (And the same mistake the zk-snark people make, re scaling)
Replying to @oomahq
Compared to OP_RETURN this method of data anchoring is a 100% cheaper (duh) but interested parties have to store their data offchain. Some developers argue that Core should discourage all methods of data embedding to nudge users towards P2C (I agree):
3
2
5
Of course -- all my ideas are the best. They are years ahead of their time. Bip300 is the future -- the recent drama with op return (and CTV) proves how dysfunctional Core is (and easily manipulated), and also how clueless the podcaster class is. CUSF (my idea last year), solves both of those problems
BITCOIN RAILS EPISODE #22: The problem with Bitcoin L2s & the ‘Bitcoin Fee-Scaling Dilemma’ | with @MARAHoldings Director of Engineering Michael Casey @theblackmarble Michael Casey was brought on by @MARAHoldings to address an often overlooked problem in the world of Bitcoin Layer 2s… they generally don’t contribute much to the security budget of Layer 1 Bitcoin. We often hear concerns about fees being either too high OR too low depending on how you look at it… too high if you’re optimizing for 8 billion people being able to use the network in a self-custodial way—but too low if your goal is maintaining network security as Bitcoin block rewards continue to halve over time. This interview explores this "fee-scaling" dilemma, as we discuss: -Why MARA is funding a Bitcoin side-chain development projec -The power of merge mining in solving this “fee-scaling dilemma” -How Bitcoin was used for payments in a pre-Lightning world -Why L2s ultimately need to pay Bitcoin miners to sustain the network in the long run We also cover some fun Bitcoin history—like the impacts of Bitcoin’s cultural shift from being “network-focused” to “asset-focused,” why BIP300 may have been a good idea after all, and the little known history of @Truthcoin 's BitAssets. As always, this episode can be viewed on Spotify or YouTube—full episode in the comments or linktree in my bio. This episode is powered by Best In Slot—the leading API for Ordinals and BRC20 data aggregation and indexing. TIMESTAMPS 00:25 Intro to Mike Casey 01:08 Why did MARA launch Anduro sidechain? 02:00 Anduro: a merged-mined Bitcoin sidechain 03:50 Are we thinking about Bitcoin fees enough? 08:00 Price is rising - where are the fees!? 09:30 When Bitcoin truly becomes vulnerable 11:18 Will nation state funded mining take over? 15:30 Mike’s role before working at MARA 18:20 Mike gets obsessed with Bitcoin’s price 21:00 The GM director’s Bitcoin presentation 22:44 Mike moving on from GM to MARA 24:40 Anduro chains: Alice and Coordinate 26:10 Coordinate: a fork of Bitcoin core 29:15 Fairer fee market: dutch auction fee mechanism 31:50 Coordinate is getting OP_CAT! 33:00 Spending BTC is long dead 34:00 How does Coordinate compare to Lightning? 34:55 Taproot Assets are quantum vulnerable! 41:50 Taproot: Schnnor signatures and MAST 43:00 Can the BitVM L2s be quantum resistant? 44:40 Mike doesn’t want OP_CAT 46:29 Ethereum’s Rollup Problem 47:30 What about BIP 300? 49:30 What are Bit Assets? 51:00 There’s no ignoring Ordinals as a miner 53:40 Bitcoin had the first NFTs 54:45 DEXs on Coordinate 56:00 Let’s not see Ordinals die
4
4
22
So - I could resolve the drama, by releasing "Bitcoin RM" -- Bitcoin Revenue Maximization A fork of Core run by miners. It would drop all standardness limits, and have custom bespoke DoS guards. Its one goal: maximize the value of the next block, and still be accepted by Core.
Bitcoin Core will either maximize miner revenues, or it won't. In the long run, Miners will **only** run the software that maximizes their revenues. So the debate is: will miners run Bitcoin Core, or something else. It is not about filters. Filters are dead.
2
3
1
12
Bitcoin Core will either maximize miner revenues, or it won't. In the long run, Miners will **only** run the software that maximizes their revenues. So the debate is: will miners run Bitcoin Core, or something else. It is not about filters. Filters are dead.
NEVER FORGET THAT OP_RETURN WASN'T CREATED TO ALLOW SPAM BUT IT WAS CREATED TO TOLERATE THE SPAM IN THE FIRST PLACE. SWITCH TO @BitcoinKnots IMMEDIATELY TO SAVE BITCOIN FROM TYRANTS.
Related: there is no need for soft forks, since Bitcoin is already perfect
An elderly person was phished into sending 3,500 BTC. There is no demand for vaults.
1
2
I guess if you want an honest answer you maybe tell the AI to **rank** a bunch of photos, 1 of which is you secretly mixed in
sorry but this is evil so many normies brains are going to be destroyed this is what ilya saw
2
1
5