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BIP-148 was only a bluff if nodes don't actually control Bitcoin. Sound bite from the Plan ₿ Forum - El Salvador heater debate on BIP 110 with Mechanic #BIP-110 Luke Dashjr Tone Vays BitMEX Research Giacomo Distributed-Authoritarian Plebslop Zucco

Joyce Dawn

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13,931 просмотров • 8 месяцев назад •via X (Twitter)

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Bitcoin OG Tone Vays gives his full unfiltered take on the BIP-110 controversy: "People have been convinced that just because you're able to spin up a node, that somehow you should be in control of the Bitcoin network, and that's a very dangerous precedent."

Bitcoin OG Tone Vays gives his full unfiltered take on the BIP-110 controversy: "People have been convinced that just because you're able to spin up a node, that somehow you should be in control of the Bitcoin network, and that's a very dangerous precedent."

Simply Bitcoin

64,774 просмотров • 2 месяцев назад

Short clip and followup yesterday from the studio. When I said Core V30 would increase the attack surface and threat sector to Bitcoin I was attacked. Now that V30 failed-and resulted in loss of Bitcoin for some-where are those mouthpieces for Core? Lopp. Calle. Shinobi. Back. Livera. Remember the "adults in the room" telling us you couldn't trust Knots? Or Luke, or Mechanic. Now, V30 has been pulled. Failed. 200 developers and yet it released with numerous bugs. One fatal to some legacy wallets. Luke Dashjr Softfork Mechanic #BIP-110 Matthew R. Kratter #BIP-110 The Bitcoin Boomers

Short clip and followup yesterday from the studio. When I said Core V30 would increase the attack surface and threat sector to Bitcoin I was attacked. Now that V30 failed-and resulted in loss of Bitcoin for some-where are those mouthpieces for Core? Lopp. Calle. Shinobi. Back. Livera. Remember the "adults in the room" telling us you couldn't trust Knots? Or Luke, or Mechanic. Now, V30 has been pulled. Failed. 200 developers and yet it released with numerous bugs. One fatal to some legacy wallets. Luke Dashjr Softfork Mechanic #BIP-110 Matthew R. Kratter #BIP-110 The Bitcoin Boomers

George Bodine

17,628 просмотров • 8 месяцев назад

Daniel Buchner: Why BIP 110 Cannot Stop Bitcoin Spam | SLP758 Daniel Ƀrrr dismantles the case for BIP 110, showing that embedding data in public keys and hashes makes consensus-level spam filters ineffective from day one. Timestamps: 01:31 — Locusts Flock to Bitcoin's Last Pasture 03:32 — Core Policy Tweaks Aren't Consensus Rules 08:44 — Spam Hides in Any Public Key or Hash 11:12 — Spammers Adapt in a Day, Consensus Can't 14:59 — BIP110 Debate Exposes Major Inconsistency 20:44 — Why the House Analogy Totally Fails 25:25 — Nodes Get Cheaper Even With Max Spam 28:08 — Set Tolerances Assuming Worst Case 30:35 — Legal Liability for Bad Chain Data 33:04 — Filter Regime Creates Government Backdoor 35:13 — BIP 110 Risks Centralizing Dev Around Luke 37:33 — Economic Incentives Trump 'Good Guy' Miners 39:03 — Economic Nodes Outweigh Basement Node Runners 43:49 — BIP 110 Has Near-Zero Economic Support 48:43 — Game Theory? 55:52 — BIP 110 Fork Dies With a Whimper

Daniel Buchner: Why BIP 110 Cannot Stop Bitcoin Spam | SLP758 Daniel Ƀrrr dismantles the case for BIP 110, showing that embedding data in public keys and hashes makes consensus-level spam filters ineffective from day one. Timestamps: 01:31 — Locusts Flock to Bitcoin's Last Pasture 03:32 — Core Policy Tweaks Aren't Consensus Rules 08:44 — Spam Hides in Any Public Key or Hash 11:12 — Spammers Adapt in a Day, Consensus Can't 14:59 — BIP110 Debate Exposes Major Inconsistency 20:44 — Why the House Analogy Totally Fails 25:25 — Nodes Get Cheaper Even With Max Spam 28:08 — Set Tolerances Assuming Worst Case 30:35 — Legal Liability for Bad Chain Data 33:04 — Filter Regime Creates Government Backdoor 35:13 — BIP 110 Risks Centralizing Dev Around Luke 37:33 — Economic Incentives Trump 'Good Guy' Miners 39:03 — Economic Nodes Outweigh Basement Node Runners 43:49 — BIP 110 Has Near-Zero Economic Support 48:43 — Game Theory? 55:52 — BIP 110 Fork Dies With a Whimper

Stephan Livera

14,580 просмотров • 2 месяцев назад

THE CREATOR OF ORDINALS SAYS BIP-110 IS DOOMED Casey Casey and Erin Redwing dive into the history and drama behind BIP-110, Bitcoin's controversial anti-spam filter proposal. This episode covers the origins of Bitcoin's spam debate, Luke Dashjr's decade-long anti-spam crusade, the rise of Ordinals, Inscriptions, and Runes, the Bitcoin Core vs. Bitcoin Knots conflict, and a full technical breakdown of what BIP-110 actually does — and why it's doomed to fail. TIMESTAMPS 0:00 Intro 2:11 Satoshi Dice and the origin of Luke Jr's anti-spam crusade 10:20 Meta-protocols arrive: Counterparty, OmniLayer, and Tether's origins on Bitcoin 11:56 The op_return byte limit history 18:41 Why Ethereum failed 28:51 Ordinals launch in Jan 2023 40:12 Insidious motivations behind anti-Ordinals backlash and the Swanfluencers 53:42 What BIP-110 actually is and does 1:00:43 BIP-110 signaling timeline and activation dates 1:08:16 Explaining the mining difficulty adjustment problem for a minority fork 1:21:00 Why BIP-110's filters are trivial to bypass (Ordinals and Runes survive regardless) 1:25:33 Final thoughts: why the whole community should log off and move on

THE CREATOR OF ORDINALS SAYS BIP-110 IS DOOMED Casey Casey and Erin Redwing dive into the history and drama behind BIP-110, Bitcoin's controversial anti-spam filter proposal. This episode covers the origins of Bitcoin's spam debate, Luke Dashjr's decade-long anti-spam crusade, the rise of Ordinals, Inscriptions, and Runes, the Bitcoin Core vs. Bitcoin Knots conflict, and a full technical breakdown of what BIP-110 actually does — and why it's doomed to fail. TIMESTAMPS 0:00 Intro 2:11 Satoshi Dice and the origin of Luke Jr's anti-spam crusade 10:20 Meta-protocols arrive: Counterparty, OmniLayer, and Tether's origins on Bitcoin 11:56 The op_return byte limit history 18:41 Why Ethereum failed 28:51 Ordinals launch in Jan 2023 40:12 Insidious motivations behind anti-Ordinals backlash and the Swanfluencers 53:42 What BIP-110 actually is and does 1:00:43 BIP-110 signaling timeline and activation dates 1:08:16 Explaining the mining difficulty adjustment problem for a minority fork 1:21:00 Why BIP-110's filters are trivial to bypass (Ordinals and Runes survive regardless) 1:25:33 Final thoughts: why the whole community should log off and move on

Hell Money

143,596 просмотров • 2 месяцев назад

⚡️Had an amazing chat with Jeff Booth ⚡️ about why most Bitcoiners will eventually sell for dollars, why 95% still price Bitcoin in fiat, how his view differs from Michael Saylor why he supports Knots and why it may take a higher consciousness to truly move your time into Bitcoin. This one goes deep. Shoutouts to Luke Dashjr Softfork Mechanic #BIP-110 27:40 On why he runs a Knots Node George Bodine Matthew R. Kratter #BIP-110 Loren HODL™️ 🔆 Puncher75 Terence Michael CHODL Tiffany Noelle Tania Jean🕊️ Trailer by nilli studio ➡️Full Episode:

⚡️Had an amazing chat with Jeff Booth ⚡️ about why most Bitcoiners will eventually sell for dollars, why 95% still price Bitcoin in fiat, how his view differs from Michael Saylor why he supports Knots and why it may take a higher consciousness to truly move your time into Bitcoin. This one goes deep. Shoutouts to Luke Dashjr Softfork Mechanic #BIP-110 27:40 On why he runs a Knots Node George Bodine Matthew R. Kratter #BIP-110 Loren HODL™️ 🔆 Puncher75 Terence Michael CHODL Tiffany Noelle Tania Jean🕊️ Trailer by nilli studio ➡️Full Episode:

The Bitcoin Edge

11,477 просмотров • 4 месяцев назад

The biggest damage from BIP-110 failing may have nothing to do with BIP-110. Puncher75 - BIP-110 said the important part out loud on the The Bitcoin Edge Podcast. The people who saw an attack coming and were willing to stand up when it was unpopular are now being treated like the problem. "Fork off" "Leave Bitcoin" "Bitcoin won" That is a hell of a way to treat people who have been fighting for Bitcoin for years and were willing to stand up again when they thought it mattered. Maybe you think they were wrong... But treating the people most willing to defend Bitcoin like they're no longer welcome here may be the most damaging legacy of this temporary soft fork failing.

The biggest damage from BIP-110 failing may have nothing to do with BIP-110. Puncher75 - BIP-110 said the important part out loud on the The Bitcoin Edge Podcast. The people who saw an attack coming and were willing to stand up when it was unpopular are now being treated like the problem. "Fork off" "Leave Bitcoin" "Bitcoin won" That is a hell of a way to treat people who have been fighting for Bitcoin for years and were willing to stand up again when they thought it mattered. Maybe you think they were wrong... But treating the people most willing to defend Bitcoin like they're no longer welcome here may be the most damaging legacy of this temporary soft fork failing.

Shaun

20,506 просмотров • 29 дней назад

Mechanic may have called me a vagina and insinuated that sentiment analysis is irrelevant for what happens with BIP-110... but he's wrong. I shared this data not because I'm looking to spark controversy, but because there is a lot of Bitcoin at stake here and emotion can cause people to make poor decisions. This is only amplified when we all live inside of our own little algorithmic bubbles. Which is why this kind of analysis actually CAN give us clarity about what will happen on August 8th through a more human/social lens. TLDR for people that didn't read the piece is that BIP-110 supporters are broadly: 1) Getting angrier and more disapproving the further this debate rages on. 2) Talking with more hedging language, compared to those against BIP-110 who are growing more convicted. 3) Being fed higher rates of BIP-110 content by the algorithm, causing the debate to appear to have a larger mindshare then it actually does. 4) Getting LESS excited the closer we get to the activation date (which was probably the most unexpected and counterintuitive finding IMO). Again, I wish everyone the best as this debate rages on, but calling me names isn't going to stop me from sharing my findings ✌️

Mechanic may have called me a vagina and insinuated that sentiment analysis is irrelevant for what happens with BIP-110... but he's wrong. I shared this data not because I'm looking to spark controversy, but because there is a lot of Bitcoin at stake here and emotion can cause people to make poor decisions. This is only amplified when we all live inside of our own little algorithmic bubbles. Which is why this kind of analysis actually CAN give us clarity about what will happen on August 8th through a more human/social lens. TLDR for people that didn't read the piece is that BIP-110 supporters are broadly: 1) Getting angrier and more disapproving the further this debate rages on. 2) Talking with more hedging language, compared to those against BIP-110 who are growing more convicted. 3) Being fed higher rates of BIP-110 content by the algorithm, causing the debate to appear to have a larger mindshare then it actually does. 4) Getting LESS excited the closer we get to the activation date (which was probably the most unexpected and counterintuitive finding IMO). Again, I wish everyone the best as this debate rages on, but calling me names isn't going to stop me from sharing my findings ✌️

Michael Sullivan

16,649 просмотров • 2 месяцев назад

"If that means I'm on some dead isolated chain where people are talking about proof of work changes, I don't care” - Softfork Mechanic #BIP-110 This is what everyone has been warning about. If you run BIP110, there is a risk you will fork yourself off the network. It will knot be Bitcoin

"If that means I'm on some dead isolated chain where people are talking about proof of work changes, I don't care” - Softfork Mechanic #BIP-110 This is what everyone has been warning about. If you run BIP110, there is a risk you will fork yourself off the network. It will knot be Bitcoin

James Viggiano

61,860 просмотров • 2 месяцев назад

Inside the debate splitting the Bitcoin community, with Hardfork Kratter. Will BIP-110 result in a chain split soon? TIMESTAMPS: 00:00 Trailer and Intro 03:00 Working for Peter Thiel 05:11 How Bitcoin University started 08:07 What made Matt a Bitcoiner 10:23 Bitcoin is about sovereignty 14:56 The email attachment analogy for OP_RETURN 17:34 Brief history of Core and Knots 19:38 What BIP 110 actually does 23:01 How many nodes running Knots 26:59 Who really decides Bitcoin's rules 32:18 Could this split Bitcoin into two separate tokens? 35:52 Can't spammers just get around it? 40:23 Why Matt calls this a civil war 42:05 What happens to your coins in a chain split 44:44 Why have attacks gotten so personal? 48:05 Will Matt Kratter call Michael Saylor? 51:57 Does Bitcoin even have a spam problem? 55:05 Upholding Bitcoin’s neutrality 57:19 BIP 110 signaling Saturday 1:06:28 Why Matt says this is "life or death"

Inside the debate splitting the Bitcoin community, with Hardfork Kratter. Will BIP-110 result in a chain split soon? TIMESTAMPS: 00:00 Trailer and Intro 03:00 Working for Peter Thiel 05:11 How Bitcoin University started 08:07 What made Matt a Bitcoiner 10:23 Bitcoin is about sovereignty 14:56 The email attachment analogy for OP_RETURN 17:34 Brief history of Core and Knots 19:38 What BIP 110 actually does 23:01 How many nodes running Knots 26:59 Who really decides Bitcoin's rules 32:18 Could this split Bitcoin into two separate tokens? 35:52 Can't spammers just get around it? 40:23 Why Matt calls this a civil war 42:05 What happens to your coins in a chain split 44:44 Why have attacks gotten so personal? 48:05 Will Matt Kratter call Michael Saylor? 51:57 Does Bitcoin even have a spam problem? 55:05 Upholding Bitcoin’s neutrality 57:19 BIP 110 signaling Saturday 1:06:28 Why Matt says this is "life or death"

Natalie Brunell ⚡️

109,242 просмотров • 1 месяц назад

Bitcoin Mechanic on the state's blind spot: "The state is looking at Bitcoin like: I don't know how to control this thing. People are moving money around without permission. Someone just sent a million dollars from this address to that address — I don't know who address A was, I don't know who address B was, I couldn't stop the transaction. They paid 30 cents in fees, and now it's moving again, through a coin join. And it's just looking around like: who do I target? Who do I throw in jail? And there's no one they can target. If you want to do anything else with money — spend 20 cents on a pack of gum — they want to know about it, throw you in jail over it, investigate you. They're control freaks who want to enslave the whole population. But with Bitcoin, they just don't know who to actually target." Softfork Mechanic #BIP-110 on The The Bitcoin Matrix Podcast ⚡️ #283. Full conversation here:

Bitcoin Mechanic on the state's blind spot: "The state is looking at Bitcoin like: I don't know how to control this thing. People are moving money around without permission. Someone just sent a million dollars from this address to that address — I don't know who address A was, I don't know who address B was, I couldn't stop the transaction. They paid 30 cents in fees, and now it's moving again, through a coin join. And it's just looking around like: who do I target? Who do I throw in jail? And there's no one they can target. If you want to do anything else with money — spend 20 cents on a pack of gum — they want to know about it, throw you in jail over it, investigate you. They're control freaks who want to enslave the whole population. But with Bitcoin, they just don't know who to actually target." Softfork Mechanic #BIP-110 on The The Bitcoin Matrix Podcast ⚡️ #283. Full conversation here:

Cedric Youngelman ⚡️

12,855 просмотров • 2 месяцев назад

We have absolutely no idea what kind of chaos is going to ensue if BIP-110 gets pushed through without consensus. If the market sides against the restrictive rules, we are left with a smaller, weaker monetary Bitcoin while the "spam-enabling" version wins all the institutional money. I pulled this clip from my recent chat with Luke de Wolf because it highlights the true stakes of this governance debate. Check it out here or catch the whole of discussion below.

We have absolutely no idea what kind of chaos is going to ensue if BIP-110 gets pushed through without consensus. If the market sides against the restrictive rules, we are left with a smaller, weaker monetary Bitcoin while the "spam-enabling" version wins all the institutional money. I pulled this clip from my recent chat with Luke de Wolf because it highlights the true stakes of this governance debate. Check it out here or catch the whole of discussion below.

Guy Swann

37,049 просмотров • 3 месяцев назад

Matthew Kratter on why the spam war feels like a psyop: "A lot of these Core devs don't own much Bitcoin at all. They don't even run nodes. There's a misalignment of incentives. It's terrifying to see Bitcoin in the hands of devs who view it as just another software gig. You begin to feel like you're taking crazy pills — why am I arguing with master C programmers who suddenly don't know what spam is? It's a very strange time to be alive." Matthew R. Kratter #BIP-110 on The The Bitcoin Matrix Podcast ⚡️

Matthew Kratter on why the spam war feels like a psyop: "A lot of these Core devs don't own much Bitcoin at all. They don't even run nodes. There's a misalignment of incentives. It's terrifying to see Bitcoin in the hands of devs who view it as just another software gig. You begin to feel like you're taking crazy pills — why am I arguing with master C programmers who suddenly don't know what spam is? It's a very strange time to be alive." Matthew R. Kratter #BIP-110 on The The Bitcoin Matrix Podcast ⚡️

Cedric Youngelman ⚡️

25,076 просмотров • 2 месяцев назад

BITCOIN RAILS #71: Expecting Hardforks | with Drivechains author Paul Sztorc 🔗 YouTube: 🌿 Spotify: Paul Sztorc founder and CEO of LayerTwo Labs and author of Bitcoin Improvement Proposals 300 and 301 (Drivechains), has been one of Bitcoin's most persistent—and controversial—thinkers, advocating for merge-mined sidechains as a way to dramatically expand Bitcoin's functionality while preserving the security of the base layer. Following our previous episode introducing his proposed Bitcoin hard fork, eCash, we discuss how the project has evolved in recent months, what to expect when the fork launches on mainnet, and Paul's perspectives on today's Layer 2 landscape and the soon-to-activate BIP 110 soft fork. An entertaining, popcorn-style conversation with one of Bitcoin's most unconventional thinkers, this episode offers diverse—and at times irreverent—commentary on some of the most important technical debates shaping Bitcoin's future. This episode of Bitcoin Rails is brought to you by: LayerTwo Labs LayerTwo Labs — developing research, software, and technologies for scaling Bitcoin via the integration of Drivechains (BIP 300/301) Hashi on Sui — a primitive for executing Bitcoin DeFi transactions, without having to trust a federated bridge or other centralized entity BitBox BitBox — an open-source Bitcoin-only hardware wallet, with smooth UX and no compromises on security. Check out Bitbox [dot] swiss and use code BITCOINRAILS to get a discount TIMESTAMPS: 00:00 — Intro 00:16 — The Coldcard exploit 09:37 — Can Bitcoin still soft fork? 15:30 — Paul's hard fork 26:12 — BIP 110's fork and the ghost of SegWit 42:03 — How drivechains work and eCash 53:00 — Quantum resistance and OP_CAT 1:01:44 — Launching a drivechain and the OP_RETURN debate 1:08:57 — The BIP 110 endgame: Udi trolling, hashrate, and Ocean 1:13:54 — Why Stratum V2 is a bad idea 1:20:33 — The decline of maximalism and the road ahead

BITCOIN RAILS #71: Expecting Hardforks | with Drivechains author Paul Sztorc 🔗 YouTube: 🌿 Spotify: Paul Sztorc founder and CEO of LayerTwo Labs and author of Bitcoin Improvement Proposals 300 and 301 (Drivechains), has been one of Bitcoin's most persistent—and controversial—thinkers, advocating for merge-mined sidechains as a way to dramatically expand Bitcoin's functionality while preserving the security of the base layer. Following our previous episode introducing his proposed Bitcoin hard fork, eCash, we discuss how the project has evolved in recent months, what to expect when the fork launches on mainnet, and Paul's perspectives on today's Layer 2 landscape and the soon-to-activate BIP 110 soft fork. An entertaining, popcorn-style conversation with one of Bitcoin's most unconventional thinkers, this episode offers diverse—and at times irreverent—commentary on some of the most important technical debates shaping Bitcoin's future. This episode of Bitcoin Rails is brought to you by: LayerTwo Labs LayerTwo Labs — developing research, software, and technologies for scaling Bitcoin via the integration of Drivechains (BIP 300/301) Hashi on Sui — a primitive for executing Bitcoin DeFi transactions, without having to trust a federated bridge or other centralized entity BitBox BitBox — an open-source Bitcoin-only hardware wallet, with smooth UX and no compromises on security. Check out Bitbox [dot] swiss and use code BITCOINRAILS to get a discount TIMESTAMPS: 00:00 — Intro 00:16 — The Coldcard exploit 09:37 — Can Bitcoin still soft fork? 15:30 — Paul's hard fork 26:12 — BIP 110's fork and the ghost of SegWit 42:03 — How drivechains work and eCash 53:00 — Quantum resistance and OP_CAT 1:01:44 — Launching a drivechain and the OP_RETURN debate 1:08:57 — The BIP 110 endgame: Udi trolling, hashrate, and Ocean 1:13:54 — Why Stratum V2 is a bad idea 1:20:33 — The decline of maximalism and the road ahead

Isabel Foxen Duke⚡️

18,884 просмотров • 1 месяц назад

BITCOIN RAILS #59: Post-Quantum Bitcoin Signatures (+ their tradeoffs) | with BIP 360 co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 and Blockstream Head of Research Jonas Nick 🔗 YOUTUBE: 🌿 SPOTIFY: According to BIP 360 co-author Ethan Heilman, Bitcoin needs a minimum of two soft forks to become quantum resistant: P2MR (or an output type that can safely execute PQ signatures) + a post-quantum checksig (signature scheme). Ethan and the BIP 360 team (including myself and Hunter Beast 🕯️) introduced the P2MR part via a BIP 360 update late last year—but the question remains, what’s the most appropriate PQ signature scheme for Bitcoin? They all have substantive tradeoffs, but hash-based signatures seem to be leading technical discourse—likely due to recent optimizations by Jonas Nick and the broader Blockstream research team. It was an honor to sit down with both of these men - arguably the two most influential and productive cryptographers in Bitcoin quantum mitigation right now - for an in-depth review of the leading PQ signature schemes and a temperature check on Bitcoin’s post-quantum planning process. TBH, if you want to skip the noise and jump straight to the signal on quantum, this is the interview to watch. In this episode, we discuss: - What needs to happen at the soft fork, infra, and mitigation levels to fully quantum-harden Bitcoin - Recent updates to BIP 360 + breakdown of the leading hash-based signatures schemes for Bitcoin (SHRINCS + SHRIMPS) - Why we may actually get consensus around a stateful scheme for Bitcoin - Comparisons of hash-based signatures vs Lattice and Isogeny-based schemes - Assessing the risks of both waiting too long and acting too fast (and why quantum is a better threat to be facing than a potential classical attack) This episode of Bitcoin Rails is brought to you by my NEW sponsors: - LayerTwo Labs LayerTwo Labs — developing research, software, and technologies for scaling Bitcoin via the integration of Drivechains (BIP 300/301) - Hashi on Sui — a primitive for executing Bitcoin Defi transactions, without having to trust a federated bridge or other centralized entity - BitBox BitBox — an open-source Bitcoin-only hardware wallet, with smooth UX and no compromises on security. Check out Bitbox [dot] swiss and use code BITCOINRAILS to get a discount TIMESTAMPS: 00:00 Intro 02:18 Ethan’s Quantum Wakeup 05:18 How Blockstream Enters Post Quantum 09:25 BIP 360 Explained 12:11 How Bitcoin Transitions to PQ 17:35 Choosing Post Quantum Signatures 23:20 How Blockstream Created SHRINCS 27:22 Signature Budgets Importance Explained 41:13 What are SHRIMPS? 44:51 SHRIMPS vs SHRINCS 47:48 Why SLH-DSA Alone Won’t Cut It 49:24 Is a SHRIMPS + SHRINCS BIP Coming? 51:51 Blockstream’s Big Plans for Liquid 59:04 Quantum Readiness Roadmap 01:02:22 Importance of a PQ Recovery Plan 01:05:35 How Long Would a PQ Migration Take 01:11:17 Quantum Watchlist Recommendations

BITCOIN RAILS #59: Post-Quantum Bitcoin Signatures (+ their tradeoffs) | with BIP 360 co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 and Blockstream Head of Research Jonas Nick 🔗 YOUTUBE: 🌿 SPOTIFY: According to BIP 360 co-author Ethan Heilman, Bitcoin needs a minimum of two soft forks to become quantum resistant: P2MR (or an output type that can safely execute PQ signatures) + a post-quantum checksig (signature scheme). Ethan and the BIP 360 team (including myself and Hunter Beast 🕯️) introduced the P2MR part via a BIP 360 update late last year—but the question remains, what’s the most appropriate PQ signature scheme for Bitcoin? They all have substantive tradeoffs, but hash-based signatures seem to be leading technical discourse—likely due to recent optimizations by Jonas Nick and the broader Blockstream research team. It was an honor to sit down with both of these men - arguably the two most influential and productive cryptographers in Bitcoin quantum mitigation right now - for an in-depth review of the leading PQ signature schemes and a temperature check on Bitcoin’s post-quantum planning process. TBH, if you want to skip the noise and jump straight to the signal on quantum, this is the interview to watch. In this episode, we discuss: - What needs to happen at the soft fork, infra, and mitigation levels to fully quantum-harden Bitcoin - Recent updates to BIP 360 + breakdown of the leading hash-based signatures schemes for Bitcoin (SHRINCS + SHRIMPS) - Why we may actually get consensus around a stateful scheme for Bitcoin - Comparisons of hash-based signatures vs Lattice and Isogeny-based schemes - Assessing the risks of both waiting too long and acting too fast (and why quantum is a better threat to be facing than a potential classical attack) This episode of Bitcoin Rails is brought to you by my NEW sponsors: - LayerTwo Labs LayerTwo Labs — developing research, software, and technologies for scaling Bitcoin via the integration of Drivechains (BIP 300/301) - Hashi on Sui — a primitive for executing Bitcoin Defi transactions, without having to trust a federated bridge or other centralized entity - BitBox BitBox — an open-source Bitcoin-only hardware wallet, with smooth UX and no compromises on security. Check out Bitbox [dot] swiss and use code BITCOINRAILS to get a discount TIMESTAMPS: 00:00 Intro 02:18 Ethan’s Quantum Wakeup 05:18 How Blockstream Enters Post Quantum 09:25 BIP 360 Explained 12:11 How Bitcoin Transitions to PQ 17:35 Choosing Post Quantum Signatures 23:20 How Blockstream Created SHRINCS 27:22 Signature Budgets Importance Explained 41:13 What are SHRIMPS? 44:51 SHRIMPS vs SHRINCS 47:48 Why SLH-DSA Alone Won’t Cut It 49:24 Is a SHRIMPS + SHRINCS BIP Coming? 51:51 Blockstream’s Big Plans for Liquid 59:04 Quantum Readiness Roadmap 01:02:22 Importance of a PQ Recovery Plan 01:05:35 How Long Would a PQ Migration Take 01:11:17 Quantum Watchlist Recommendations

Isabel Foxen Duke⚡️

24,109 просмотров • 4 месяцев назад

Bitcoin isn't digital gold. It's not locked in by math. You can kill it. The man who ran money at Peter Thiel's hedge fund came on to explain who's trying — and why the only thing protecting Bitcoin is the people who run nodes. Matthew R. Kratter #BIP-110 — Bitcoin University founder, former Clarium / Thiel-world macro trader, early Palantir investor — joins me to lay out the fight consuming Bitcoin right now in plain English: why he says Bitcoin Core has "gone rogue," the spam war over OP_RETURN and BIP-110 he calls Bitcoin's last stand, why consensus flows from culture and not code, who actually controls the network (hint: not the miners), and how to mine Bitcoin from home for about $10 a day. Send this to anyone who thinks Bitcoin can't be stopped. TIMESTAMPS: 00:00 Intro 01:00 Physics dropout to literature — Stanford & Berkeley 05:27 René Girard & meeting Peter Thiel 07:56 Becoming a trader: Thiel Macro → Clarium 12:43 The PayPal mafia, network effects & the dot-com bottom 20:23 Global macro at Clarium & the 2003 housing-blowup call 24:08 Napster, PayPal & the "new world currency" 28:32 Government as the ultimate customer — Palantir & the CIA (In-Q-Tel) 36:00 Deep-state roots — is Peter Thiel captured? 49:32 Culture is upstream of consensus 57:00 Bitcoin isn't magic — nodes, immutability & the spam risk 1:01:42 Why spam is a problem — tragedy of the commons 1:04:30 Spam since Satoshi & the 2014 OP_RETURN war 1:14:30 The changing of the guard at Bitcoin Core 1:18:43 Core uncaps OP_RETURN to 100,000 bytes 1:28:00 Consensus flows from culture — the 2nd Amendment analogy 1:35:20 BIP-110 — the temporary soft fork 1:44:00 Why small blocks — and running nodes in Cuba 2:18:55 SegWit & the 2017 UASF — how 500 nodes won 2:24:00 The miners are just employees — node runners set the rules 2:41:46 "Firing the miners" — changing proof-of-work 2:55:18 Bitcoin Core went rogue — the last stand 2:58:50 You can kill Bitcoin 3:01:20 Mine Bitcoin from home for ~$10/day, KYC-free 3:11:09 Where to find Matt ▶️

Bitcoin isn't digital gold. It's not locked in by math. You can kill it. The man who ran money at Peter Thiel's hedge fund came on to explain who's trying — and why the only thing protecting Bitcoin is the people who run nodes. Matthew R. Kratter #BIP-110 — Bitcoin University founder, former Clarium / Thiel-world macro trader, early Palantir investor — joins me to lay out the fight consuming Bitcoin right now in plain English: why he says Bitcoin Core has "gone rogue," the spam war over OP_RETURN and BIP-110 he calls Bitcoin's last stand, why consensus flows from culture and not code, who actually controls the network (hint: not the miners), and how to mine Bitcoin from home for about $10 a day. Send this to anyone who thinks Bitcoin can't be stopped. TIMESTAMPS: 00:00 Intro 01:00 Physics dropout to literature — Stanford & Berkeley 05:27 René Girard & meeting Peter Thiel 07:56 Becoming a trader: Thiel Macro → Clarium 12:43 The PayPal mafia, network effects & the dot-com bottom 20:23 Global macro at Clarium & the 2003 housing-blowup call 24:08 Napster, PayPal & the "new world currency" 28:32 Government as the ultimate customer — Palantir & the CIA (In-Q-Tel) 36:00 Deep-state roots — is Peter Thiel captured? 49:32 Culture is upstream of consensus 57:00 Bitcoin isn't magic — nodes, immutability & the spam risk 1:01:42 Why spam is a problem — tragedy of the commons 1:04:30 Spam since Satoshi & the 2014 OP_RETURN war 1:14:30 The changing of the guard at Bitcoin Core 1:18:43 Core uncaps OP_RETURN to 100,000 bytes 1:28:00 Consensus flows from culture — the 2nd Amendment analogy 1:35:20 BIP-110 — the temporary soft fork 1:44:00 Why small blocks — and running nodes in Cuba 2:18:55 SegWit & the 2017 UASF — how 500 nodes won 2:24:00 The miners are just employees — node runners set the rules 2:41:46 "Firing the miners" — changing proof-of-work 2:55:18 Bitcoin Core went rogue — the last stand 2:58:50 You can kill Bitcoin 3:01:20 Mine Bitcoin from home for ~$10/day, KYC-free 3:11:09 Where to find Matt ▶️

The Bitcoin Matrix Podcast ⚡️

20,467 просмотров • 3 месяцев назад

Living the Bitcoin Dream in the Heart of El Salvador Welcome to the vibrant Bitcoin hood in the heart of El Salvador, where the Bitcoin community is coming together for an unforgettable experience at Bitcoin Histórico on November 12th and 13th. This gathering promises to be a modern-day renaissance, celebrating financial freedom and technological innovation amidst the historical backdrop of San Salvador. Imagine the bustling streets of Centro Historico glowing orange with excitement as OGs and newcomers of the Bitcoin world converge for a two-day immersion into the world of cryptocurrencies and blockchain technology. Centro Historico, the pulsating heart of San Salvador, will be transformed into a hub of knowledge, inspiration, and community. The centerpiece of the event will be the Main Stage at the National Palace, where keynote speeches from renowned speakers will be live-streamed to giant LED screens on Plaza Gerardo Barrios. Get ready to be inspired by thought leaders such as: Don Ricardo Salinas Pliego, Russell Brand, Milena Mayorga, Max Keiser, Stacy Herbert 🇸🇻🚀, ZUBY:, Jeff Booth ⚡️, Jack Mallers, Pierre Rochard, Jimmy Song (송재준), isa⚡️, Bitstein, Darin Feinstein, Giacomo Distributed-Authoritarian Plebslop Zucco, Eric Yakes, …::: jon, wiz 🇸🇻, Fadi Elsalameen فادي السلامين ⚡️, Knut Svanholm ∞/21M, Preston Pysh, Efrat Fenigson, Lina Seiche, Tone Vays, Mechanic #BIP-110, Oleg Mikhalsky, who will share their insights and visions for the future of Bitcoin and financial liberation. But the excitement doesn't stop there – secondary stages at the National Theater and La Dalia will host panels, workshops, and freedom-tech demos led by a diverse lineup of speakers including: MURPHSLIFE, Jethro Toro🔸∞/21m 🌎, ☣️ Pleb Kruse = BTC foundationalist in exile 🟩🔆, Bitcoin Beach, Roman Martínez🇸🇻⚡️ (chimbera), Peter Todd, Delta, Dirac, kiki ✨, Airbtc, Keith Mukai, Gerson Martínez 🇸🇻🇺🇸, Seb Gouspillou, Joyce Dawn, Cherito Specialty BitCafé Roasters 🇸🇻😎☕💊🍊, The Bitcoin Hardware Store, Carlos : CEO at SimpleProof.com, Napoleon Osorio 🚖, Adam Nili 🇵🇷 🇸🇻🇨🇴, Fulmo ⚡, Jamie Robinson, May Gong Zhu, Will⚡️, And many more key figures in the Bitcoin community. Join the The Bitcoin Office Conference in El Salvador and be part of a transformative journey towards a future where financial freedom knows no bounds. Experience the convergence of innovation, culture, and resilience in the heart of San Salvador, where the spirit of liberation thrives and the potential of blockchain technology is harnessed for the betterment of all. Welcome to Bitcoin Country, where the future of Bitcoin is being shaped block by block. #Bitcoin #ElSalvador #Bukele Video By: Translating El Salvador Song: Bada Boom I Bought a Bitcoin (REMIX) By: Chandi10

Translating El Salvador

20,380 просмотров • 10 месяцев назад

"Did we actually win the block size war — or did we lose?" Samson Mow asks the question most Bitcoiners won't. Fees as a filter, the jump to 4MB, and why Luke Dashjr may have been right about smaller blocks. The context the BIP 110 fight skips. 👇 Samson Mow on whether we actually won the block size war: "The Core people say the fees are the filter. But that misses the point — you're not looking at the entire network, and what's already happened. Yes, fees filter spam. You pay fees to transact, and a spammer pays fees too. But during the block size war, we changed the whole dynamic. We changed the unit economics — we increased the block size and decreased fee pressure. So we actually made it cheaper to spam the network. Only one person talked about decreasing the block size back then — Luke Dashjr. And I think he was right. So it begs the question: did we actually win the block size war, or did we lose? We had a net increase in effective block space, going to four megabytes — and the repercussions of that, I don't think we've really reasoned out. Maybe it was a mistake to go to four. Maybe we should have kept it at one, and left the settings of the network as they were." Samson Mow on The The Bitcoin Matrix Podcast ⚡️ #243

"Did we actually win the block size war — or did we lose?" Samson Mow asks the question most Bitcoiners won't. Fees as a filter, the jump to 4MB, and why Luke Dashjr may have been right about smaller blocks. The context the BIP 110 fight skips. 👇 Samson Mow on whether we actually won the block size war: "The Core people say the fees are the filter. But that misses the point — you're not looking at the entire network, and what's already happened. Yes, fees filter spam. You pay fees to transact, and a spammer pays fees too. But during the block size war, we changed the whole dynamic. We changed the unit economics — we increased the block size and decreased fee pressure. So we actually made it cheaper to spam the network. Only one person talked about decreasing the block size back then — Luke Dashjr. And I think he was right. So it begs the question: did we actually win the block size war, or did we lose? We had a net increase in effective block space, going to four megabytes — and the repercussions of that, I don't think we've really reasoned out. Maybe it was a mistake to go to four. Maybe we should have kept it at one, and left the settings of the network as they were." Samson Mow on The The Bitcoin Matrix Podcast ⚡️ #243

Cedric Youngelman ⚡️

41,063 просмотров • 2 месяцев назад

🔁REPOST, MUST WATCH INTERVIEW JUNE 15th 2026 Bitcoin isn't digital gold. It's not locked in by math. You can kill it. The Bitcoin Matrix Podcast ⚡️ #279 Bitcoin Core Has Gone Rogue | Hardfork Kratter, Bitcoin University The man who ran money at Peter Thiel's hedge fund came on to explain who's trying, and why the only thing protecting Bitcoin is the people who run nodes. Matthew Kratter, Bitcoin University founder, former Clarium / Thiel-world macro trader, early Palantir investor, joins me to lay out the fight consuming Bitcoin right now in plain English: why he says Bitcoin Core has "gone rogue," the spam war over OP_RETURN and BIP-110 he calls Bitcoin's last stand, why consensus flows from culture and not code, who actually controls the network (hint: not the miners), and how to mine Bitcoin from home for about $10 a day. Send this to anyone who thinks Bitcoin can't be stopped. TIMESTAMPS: 00:00 Intro 01:00 Physics dropout to literature: Stanford & Berkeley 05:27 René Girard & meeting Peter Thiel 07:56 Becoming a trader: Thiel Macro to Clarium 12:43 The PayPal mafia, network effects & the dot-com bottom 20:23 Global macro at Clarium & the 2003 housing-blowup call 24:08 Napster, PayPal & the "new world currency" 28:32 Government as the ultimate customer: Palantir & the CIA (In-Q-Tel) 36:00 Deep-state roots: is Peter Thiel captured? 49:32 Culture is upstream of consensus 57:00 Bitcoin isn't magic: nodes, immutability & the spam risk 1:01:42 Why spam is a problem: tragedy of the commons 1:04:30 Spam since Satoshi & the 2014 OP_RETURN war 1:14:30 The changing of the guard at Bitcoin Core 1:18:43 Core uncaps OP_RETURN to 100,000 bytes 1:28:00 Consensus flows from culture: the 2nd Amendment analogy 1:35:20 BIP-110: the temporary soft fork 1:44:00 Why small blocks, and running nodes in Cuba 2:18:55 SegWit & the 2017 UASF: how 500 nodes won 2:24:00 The miners are just employees: node runners set the rules 2:41:46 "Firing the miners": changing proof-of-work 2:55:18 Bitcoin Core went rogue: the last stand 2:58:50 You can kill Bitcoin 3:01:20 Mine Bitcoin from home for ~$10/day, KYC-free 3:11:09 Where to find Matt ▶️

🔁REPOST, MUST WATCH INTERVIEW JUNE 15th 2026 Bitcoin isn't digital gold. It's not locked in by math. You can kill it. The Bitcoin Matrix Podcast ⚡️ #279 Bitcoin Core Has Gone Rogue | Hardfork Kratter, Bitcoin University The man who ran money at Peter Thiel's hedge fund came on to explain who's trying, and why the only thing protecting Bitcoin is the people who run nodes. Matthew Kratter, Bitcoin University founder, former Clarium / Thiel-world macro trader, early Palantir investor, joins me to lay out the fight consuming Bitcoin right now in plain English: why he says Bitcoin Core has "gone rogue," the spam war over OP_RETURN and BIP-110 he calls Bitcoin's last stand, why consensus flows from culture and not code, who actually controls the network (hint: not the miners), and how to mine Bitcoin from home for about $10 a day. Send this to anyone who thinks Bitcoin can't be stopped. TIMESTAMPS: 00:00 Intro 01:00 Physics dropout to literature: Stanford & Berkeley 05:27 René Girard & meeting Peter Thiel 07:56 Becoming a trader: Thiel Macro to Clarium 12:43 The PayPal mafia, network effects & the dot-com bottom 20:23 Global macro at Clarium & the 2003 housing-blowup call 24:08 Napster, PayPal & the "new world currency" 28:32 Government as the ultimate customer: Palantir & the CIA (In-Q-Tel) 36:00 Deep-state roots: is Peter Thiel captured? 49:32 Culture is upstream of consensus 57:00 Bitcoin isn't magic: nodes, immutability & the spam risk 1:01:42 Why spam is a problem: tragedy of the commons 1:04:30 Spam since Satoshi & the 2014 OP_RETURN war 1:14:30 The changing of the guard at Bitcoin Core 1:18:43 Core uncaps OP_RETURN to 100,000 bytes 1:28:00 Consensus flows from culture: the 2nd Amendment analogy 1:35:20 BIP-110: the temporary soft fork 1:44:00 Why small blocks, and running nodes in Cuba 2:18:55 SegWit & the 2017 UASF: how 500 nodes won 2:24:00 The miners are just employees: node runners set the rules 2:41:46 "Firing the miners": changing proof-of-work 2:55:18 Bitcoin Core went rogue: the last stand 2:58:50 You can kill Bitcoin 3:01:20 Mine Bitcoin from home for ~$10/day, KYC-free 3:11:09 Where to find Matt ▶️

Cedric Youngelman ⚡️

19,726 просмотров • 1 месяц назад

🔁 REPOST, recorded June 2024. Everything Luke Dashjr warned about is happening right now. Luke Dashjr - Is Bitcoin In A Civil War? Three or four entities decide what goes into every Bitcoin block. Most "miners" don't even know what they're mining. And if too few of us run nodes, Bitcoin quietly becomes a CBDC. The Bitcoin Core developer who caught the accidental 2013 hard fork before it broke the network came on to explain why mining is dangerously centralized, why the spam wave is a coordinated attack, and why he built a pool to fight back. Luke Dashjr, Bitcoin Core developer with 200+ contributions and maintainer of the BIPs, founder and CTO of Ocean, and the man who detected and helped stop the 2013 chain split, joins me to lay out the fight over Bitcoin's future in plain English: the difference between a real miner and a "hasher" who just sells compute, how three or four pools (really Bitmain) control what goes in every block, the invisible tax hiding inside FPPS, why he calls the spam wave a funded attack to destroy Bitcoin, why Bitcoin becomes a CBDC if too few of us run our own nodes, whether we are already in a civil war, and how Ocean is trying to hand block construction back to miners. Send this to anyone who thinks Bitcoin mining is decentralized. TIMESTAMPS: 00:00 Intro 01:50 Who is Luke Dashjr 04:09 The rabbit hole: his first patch in 2011 06:06 When Bitcoin became essential (there's no plan B) 10:09 Eligius: the first non-custodial mining pool 12:13 Why he started Ocean 13:50 The real consequences of pool centralization 16:34 Hasher vs miner: who actually mines? 18:36 How FPPS pays you, and what it hides 20:05 Why big pools become proxies for Bitmain 22:35 The launch, and why "censorship" became the word 24:49 What Bitcoin is actually built for 26:40 How to define spam 33:06 "The people behind the spam are out to destroy Bitcoin" 34:47 How the attack gets funded by gamifying it 37:13 Is this an existential threat? 38:48 Run a node, or Bitcoin becomes a CBDC 40:09 Bootstrapping a mining pool from zero 45:40 What non-miners can actually do to help 46:31 Should Bitcoin ossify, or keep upgrading? 49:24 How censorship-resistant is Bitcoin today? 50:00 Is Bitcoin already in a civil war? 51:10 Would the good guys still win a block size war today? 55:53 Ocean's roadmap: decentralizing block construction 1:00:07 How Ocean got its name (Jack Dorsey's nudge) 1:01:53 Do we have a problem in Bitcoin culture? 1:03:22 What Bitcoin means to Luke 1:07:11 The clause: Ocean can do no harm to Bitcoin 1:08:10 Where to find Luke + OCEAN 🎧 Then watch the sequel with Hardfork Kratter, The The Bitcoin Matrix Podcast ⚡️ #279: "Bitcoin Core Has Gone Rogue." 🎧

🔁 REPOST, recorded June 2024. Everything Luke Dashjr warned about is happening right now. Luke Dashjr - Is Bitcoin In A Civil War? Three or four entities decide what goes into every Bitcoin block. Most "miners" don't even know what they're mining. And if too few of us run nodes, Bitcoin quietly becomes a CBDC. The Bitcoin Core developer who caught the accidental 2013 hard fork before it broke the network came on to explain why mining is dangerously centralized, why the spam wave is a coordinated attack, and why he built a pool to fight back. Luke Dashjr, Bitcoin Core developer with 200+ contributions and maintainer of the BIPs, founder and CTO of Ocean, and the man who detected and helped stop the 2013 chain split, joins me to lay out the fight over Bitcoin's future in plain English: the difference between a real miner and a "hasher" who just sells compute, how three or four pools (really Bitmain) control what goes in every block, the invisible tax hiding inside FPPS, why he calls the spam wave a funded attack to destroy Bitcoin, why Bitcoin becomes a CBDC if too few of us run our own nodes, whether we are already in a civil war, and how Ocean is trying to hand block construction back to miners. Send this to anyone who thinks Bitcoin mining is decentralized. TIMESTAMPS: 00:00 Intro 01:50 Who is Luke Dashjr 04:09 The rabbit hole: his first patch in 2011 06:06 When Bitcoin became essential (there's no plan B) 10:09 Eligius: the first non-custodial mining pool 12:13 Why he started Ocean 13:50 The real consequences of pool centralization 16:34 Hasher vs miner: who actually mines? 18:36 How FPPS pays you, and what it hides 20:05 Why big pools become proxies for Bitmain 22:35 The launch, and why "censorship" became the word 24:49 What Bitcoin is actually built for 26:40 How to define spam 33:06 "The people behind the spam are out to destroy Bitcoin" 34:47 How the attack gets funded by gamifying it 37:13 Is this an existential threat? 38:48 Run a node, or Bitcoin becomes a CBDC 40:09 Bootstrapping a mining pool from zero 45:40 What non-miners can actually do to help 46:31 Should Bitcoin ossify, or keep upgrading? 49:24 How censorship-resistant is Bitcoin today? 50:00 Is Bitcoin already in a civil war? 51:10 Would the good guys still win a block size war today? 55:53 Ocean's roadmap: decentralizing block construction 1:00:07 How Ocean got its name (Jack Dorsey's nudge) 1:01:53 Do we have a problem in Bitcoin culture? 1:03:22 What Bitcoin means to Luke 1:07:11 The clause: Ocean can do no harm to Bitcoin 1:08:10 Where to find Luke + OCEAN 🎧 Then watch the sequel with Hardfork Kratter, The The Bitcoin Matrix Podcast ⚡️ #279: "Bitcoin Core Has Gone Rogue." 🎧

Cedric Youngelman ⚡️

20,425 просмотров • 2 месяцев назад

BITCOIN RAILS #72: Bitcoin's Leading Post-Quantum Signature Proposal | with SHRINCS co-author conduition 🔗 YouTube: 🌿 Spotify: The first fully specified post-quantum signature scheme for Bitcoin has been proposed to the Bitcoin mailing list. The proposal introduces a full specification for “SHRINCS,” a hash-based signature scheme initially conceived by Jonas Nick and Mikhail Kudinov of Blockstream Research Blockstream — with specification details added by new co-authors conduition remix and BIP 360 co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 Today, I’m honored to share a full whiteboard explanation of the scheme by its co-author Conduition — as well as a thorough discussion of the scheme’s key tradeoffs when compared to Bitcoin’s existing elliptic-curve signatures and competing post-quantum alternatives. In more detail, this interview includes: — A full whiteboard walkthrough of the scheme’s key components and its relationship to the NIST-standardized scheme SPHINCS+ — SHRINCs’ introduction of a compact stateful path - yes, I said stateful 🌶️ — Whiteboard explanations of all relevant cryptographic subschemes, including FORS, WOTS+C, and XMSS — Thorough discussion of the scheme’s tradeoffs and implications for Bitcoin’s existing functionality If you have a vested interest in understanding what may be the future signature scheme protecting Bitcoin transactions in a post-quantum world, this episode is a must-watch. WARNING: this episode is fairly technical — don't beat yourself up if you don't catch everything, or need to watch it a few times to grok the details. This episode of Bitcoin Rails is brought to you by: LayerTwo Labs LayerTwo Labs — developing research, software, and technologies for scaling Bitcoin via the integration of Drivechains (BIP 300/301) Hashi on Sui — a primitive for executing Bitcoin DeFi transactions, without having to trust a federated bridge or other centralized entity BitBox BitBox — an open-source Bitcoin-only hardware wallet, with smooth UX and no compromises on security. Check out Bitbox [dot] swiss and use code BITCOINRAILS to get a discount TIMESTAMPS: 00:00 — Intro 01:26 — The SHRINCS BIP and how conduition got here 05:26 — Building slhvk and joining the Blockstream working group 08:34 — Why hash-based signatures, even without quantum 14:08 — What SPHINCS is and what stateless really means 18:45 — Losing count and why state is dangerous 24:44 — SHRINCS and the stateless backup WHITEBOARD SESSION STARTS HERE: 30:30 — Inside the SHRINCS public key 34:39 — Winternitz signatures and hypertrees 43:18 — Signature sizes and witness discount 51:42 — Inside the stateful side and FXMSS 1:01:25 — Where the stateful and stateless sides differ 1:08:50 — UXMSS, BXMSS and getting wallet devs up to speed 1:19:03 — FORS and the forest of random subsets 1:34:24 — What Bitcoin gives up with hash-based signatures 1:39:08 — Migration and where SHRINCS could be deployed

BITCOIN RAILS #72: Bitcoin's Leading Post-Quantum Signature Proposal | with SHRINCS co-author conduition 🔗 YouTube: 🌿 Spotify: The first fully specified post-quantum signature scheme for Bitcoin has been proposed to the Bitcoin mailing list. The proposal introduces a full specification for “SHRINCS,” a hash-based signature scheme initially conceived by Jonas Nick and Mikhail Kudinov of Blockstream Research Blockstream — with specification details added by new co-authors conduition remix and BIP 360 co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 Today, I’m honored to share a full whiteboard explanation of the scheme by its co-author Conduition — as well as a thorough discussion of the scheme’s key tradeoffs when compared to Bitcoin’s existing elliptic-curve signatures and competing post-quantum alternatives. In more detail, this interview includes: — A full whiteboard walkthrough of the scheme’s key components and its relationship to the NIST-standardized scheme SPHINCS+ — SHRINCs’ introduction of a compact stateful path - yes, I said stateful 🌶️ — Whiteboard explanations of all relevant cryptographic subschemes, including FORS, WOTS+C, and XMSS — Thorough discussion of the scheme’s tradeoffs and implications for Bitcoin’s existing functionality If you have a vested interest in understanding what may be the future signature scheme protecting Bitcoin transactions in a post-quantum world, this episode is a must-watch. WARNING: this episode is fairly technical — don't beat yourself up if you don't catch everything, or need to watch it a few times to grok the details. This episode of Bitcoin Rails is brought to you by: LayerTwo Labs LayerTwo Labs — developing research, software, and technologies for scaling Bitcoin via the integration of Drivechains (BIP 300/301) Hashi on Sui — a primitive for executing Bitcoin DeFi transactions, without having to trust a federated bridge or other centralized entity BitBox BitBox — an open-source Bitcoin-only hardware wallet, with smooth UX and no compromises on security. Check out Bitbox [dot] swiss and use code BITCOINRAILS to get a discount TIMESTAMPS: 00:00 — Intro 01:26 — The SHRINCS BIP and how conduition got here 05:26 — Building slhvk and joining the Blockstream working group 08:34 — Why hash-based signatures, even without quantum 14:08 — What SPHINCS is and what stateless really means 18:45 — Losing count and why state is dangerous 24:44 — SHRINCS and the stateless backup WHITEBOARD SESSION STARTS HERE: 30:30 — Inside the SHRINCS public key 34:39 — Winternitz signatures and hypertrees 43:18 — Signature sizes and witness discount 51:42 — Inside the stateful side and FXMSS 1:01:25 — Where the stateful and stateless sides differ 1:08:50 — UXMSS, BXMSS and getting wallet devs up to speed 1:19:03 — FORS and the forest of random subsets 1:34:24 — What Bitcoin gives up with hash-based signatures 1:39:08 — Migration and where SHRINCS could be deployed

Isabel Foxen Duke⚡️

15,763 просмотров • 1 месяц назад