FRANCIS ⚜️ BULLBITCOIN.COM
@francispouliot_ • 112,689 subscribers
Building infrastructure for Bitcoin self-custody since 2013. Founder of https://t.co/cFXfzYYDqi
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So, you're listening to Roger Ver and, as a anti-establishment skeptic, you think his "bitcoin is hijacked" spiel makes a lot of sense? You've heard that Bitcoin was "co-opted" by Epstein, powerful corporate elites, the deep state or the US government? Listen to this.
FRANCIS ⚜️ BULLBITCOIN.COM616,638 просмотров • 4 месяцев назад
Announcing Recoverbull, a privacy-first encrypted hot wallet backup and recovery protocol. Implemented in BULL wallet, it serves as an alternative to custodial wallets for beginners. A key milestone in our journey to make self-custody the safest default Bitcoin user experience!
FRANCIS ⚜️ BULLBITCOIN.COM48,142 просмотров • 6 месяцев назад
An interesting thought I had on my morning walk. Filters on their own are not effective to censor all spam from motivated attackers, that's true. But filters do make spam more prone to censorship at the mining pool level. Miners can get away with mining transactions that are used for illegal purposes because they have plausible deniability: they don't know what they are used for, they are "just including what's relayed" by the p2p network. But with many forms of spam, such as OP_RETURN, it is not so. They do not have plausible deniability. MARA is perfectly happy inscribing NFTs and non-standard troll OP_RETURNS via its slipstream service. Since they are legally low risk, it makes sense for them to profit from it. However, if I was to submit something really nasty like torrent links to child pornography (or child porn jpegs) or Mein Kampf (illegal in many countries) MARA could not plausibly deny that it is publishing and distributing illegal content. It’s right there in the OP_RETURN for everyone to see. Consequently they would probably not allow it. If they did, they would get in trouble. And it would be much easier for the content submitters to get caught. If nonstandard node relay software (i.e. libre relay) started being abused by pedophiles, its likely mining pools would just ban these types of higher-risk peers. Of course the pedophiles can always run their own mining pools and get a few transactions every month: bitcoin would remain censorship resistant if you are patient enough. But now, with relaxation of standardness rules and “filters” anybody can easily publish blatantly illegal content as OP_RETURNS and get it relayed to a mining pool in a more censorship-resistant way, cheaper and more effective. Good? Bad? It's possible mining pools are going to have no choice but to develop software that analyzes transaction OP_RETURN to assess what they will publish or not. They may develop content moderation policies, because the illegality of the OP_RETURN content will be blatant and they will have no plausible deniability. I'm honestly pleasantly surprised that miners haven't already done this for obviously "higher risk" transactions like coinjoin. However coinjoin transactions are not illegal per se, and there is very wide international support for financial privacy. Not so for child porn. Once miners start developing software to moderate what transactions go in the blockchain, a Pandora's box is opened: if you can easily filter transactions that have illegal data in the OP_RETURN, why are you allowing whirlpool tx0? Why are you allowing coinjoins? Why are you allowing sanctioned addresses? Ironically, the attempt at making spam transactions less prone to censorship might make economic transactions more prone to censorship. Bitcoin is censorship resistant from a network perspective because anybody can mine anonymously. This censorship resistance is compounded when large centralized mining pools and mining farms have plausible deniability that the transactions they mine aren't blatantly illegal because they are anonymous (“there is no way to know”). The more mining is centralized, the more this component of censorship resistance matters. Non-monetary content puts that aspect at risk. I'm not sure I’m right, but I don't think this idea has been widely discussed. The only thing that can prevent certain txs formats (i.e. the low hanging fruit spam vectors like OP_RETURN) from making it into the chain is consensus rules. Yes I'm aware spammers will always find a way to get spam in eventually. It would be sad to see fork-level consensus to ban OP_RETURN entirely, because there are reasonable harm-reducing use cases for it (e.g. open timestamps). We are nowhere near consensus on restriction spam vectors at a consensus level, not even close. But who knows after 10 years of child porn being distributed via the Bitcoin network nodes and miners both will have had enough. It would be interesting to watch this play out.
FRANCIS - BULLBITCOIN.COM18,041 просмотров • 9 месяцев назад
🇨🇷📢 Anuncio importante para Ticos y Ticas de la comunidad Bitcoin de Costa Rica. Es un placer y un honor presentarles la versión más nueva de la mejor experiencia de pagos Bitcoin del mundo: la integración BULLBITCOIN.COM en la billetera Bitcoin Jungle⚡️, disponible para todos en Costa Rica, nacionales o extranjeros, sin necesidad de cuenta bancaria. Convierta instantáneamente Bitcoin a Colones y envíe un pago vía SINPE a cualquier persona y empresa en Costa Rica usando solo su número de teléfono. Con esta nueva versión de Bull Bitcoin, desarrollada exclusivamente para Costa Rica, los usuarios ahora también pueden administrar múltiples beneficiarios, ver comprobantes SINPE en la aplicación y consultar su historial de transacciones. Por supuesto, también puedes comprar Bitcoin con SINPE Móvil y transferencias bancarias en CRC o USD. En este video, me verás enviando 2000 colones a una organización benéfica local en Uvita en solo unos segundos, directamente desde una billetera Lightning Network. Imagínese: un pago proveniente de cualquier parte del planeta directamente a la cuenta bancaria local de una empresa costarricense con solo unos pocos clics... esto abre un conjunto completamente nuevo de oportunidades para ayudar a las personas más trabajadoras del planeta a recibir pagos. fácilmente. de forma segura y con tarifas mínimas. Nuestras tarifas totales para convertir Bitcoin a Colones se mantienen por ahora en menos del 1%, que es el mínimo requerido para que no perdamos dinero al ofrecer este servicio. Estamos trabajando duro para reducir nuestros costos y hacer que este servicio sea sostenible en los años venideros. Estoy muy agradecida de que Costa Rica me haya recibido y haré todo lo que pueda para aportar mis habilidades y capital a este hermoso país. Pura vida!
FRANCIS - BULLBITCOIN.COM10,517 просмотров • 2 лет назад
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