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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

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13,931 görüntüleme • 5 ay önce •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."
47:40

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

63,869 görüntüleme • 23 gün önce

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
2:55

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 görüntüleme • 6 ay önce

⚡️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:
1:00

⚡️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 görüntüleme • 2 ay önce

"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
0:23

"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 🇳🇿

56,692 görüntüleme • 5 gün önce

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:
0:52

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 görüntüleme • 11 gün önce

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.
5:33

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 görüntüleme • 1 ay önce

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 ⚡️
2:27

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 ⚡️

23,497 görüntüleme • 22 gün önce

Matthew Kratter on why the other side has no grenade: "We're just crazy enough to walk into the room and say: look, Bitcoin is money. This is so important to me that I've got a grenade here, and I'm willing to blow all of us up if you don't go along with us. And we don't have an opposition. No one has the hand grenade that says I want spam and CSAM on Bitcoin. If there were a group trying to push that through, I would URSF them in a second, because that's unacceptable. We're watching Bitcoin heal itself and fight back." Matthew R. Kratter #BIP-110 on The The Bitcoin Matrix Podcast ⚡️ #279.
0:53

Matthew Kratter on why the other side has no grenade: "We're just crazy enough to walk into the room and say: look, Bitcoin is money. This is so important to me that I've got a grenade here, and I'm willing to blow all of us up if you don't go along with us. And we don't have an opposition. No one has the hand grenade that says I want spam and CSAM on Bitcoin. If there were a group trying to push that through, I would URSF them in a second, because that's unacceptable. We're watching Bitcoin heal itself and fight back." Matthew R. Kratter #BIP-110 on The The Bitcoin Matrix Podcast ⚡️ #279.

Cedric Youngelman ⚡️

10,452 görüntüleme • 29 gün önce

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
1:18:04

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⚡️

23,783 görüntüleme • 2 ay önce

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 ▶️
3:16:47

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 görüntüleme • 1 ay önce

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
0:55

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 görüntüleme • 8 ay önce

"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
1:15

"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 görüntüleme • 18 gün önce

Just finished listening to Mechanic #BIP-110 's break down the spam attack vector and what he lays out is disturbing, not just technically but philosophically. Here’s the short version. Some entities are exploiting a loophole in Bitcoin’s design. They are not using inscriptions, not using op_return, but instead creating fake pubkeys to store arbitrary data on-chain. It sits in a kind of sweet spot. Not big enough to trigger current filters in Core, but damaging enough to bloat the UTXO set and push out regular node runners. And somehow the conversation has shifted. Instead of defending Bitcoin’s core purpose, some dev voices are floating the idea that we should work with the spammers. That maybe if we remove the remaining filters, the abuse will become more manageable. This is a bizarre and dangerous line of thinking. Bitcoin was never built to serve as a data dumpster. It was built to be money. Sound, verifiable, scarce. When we start redesigning Bitcoin to appease people who are actively trying to harm it, we lose the very thing that gave it credibility. Mechanic calls it out plainly. The same people who claim filters do nothing are suddenly demanding we remove them to help the spammers. It is a contradiction. A bait-and-switch. Break the protocol, then use the damage as leverage to weaken it further. This is not how strong systems survive. If we bend Bitcoin every time someone finds a way to abuse it, then it is no longer something we can trust. It becomes something we constantly have to defend through negotiation. I did not opt into Bitcoin to negotiate with attackers. I opted in because it was resilient. Because it does not ask for permission. Because it stands firm even when pressure mounts. Mechanic is not just pointing out a technical issue. He is warning us that the cultural drift inside Bitcoin is real. If we let short-term convenience take precedence over long-term integrity, we will get something very different than what we came here for. Watch the interview. Think about where this path leads.
3:54

Just finished listening to Mechanic #BIP-110 's break down the spam attack vector and what he lays out is disturbing, not just technically but philosophically. Here’s the short version. Some entities are exploiting a loophole in Bitcoin’s design. They are not using inscriptions, not using op_return, but instead creating fake pubkeys to store arbitrary data on-chain. It sits in a kind of sweet spot. Not big enough to trigger current filters in Core, but damaging enough to bloat the UTXO set and push out regular node runners. And somehow the conversation has shifted. Instead of defending Bitcoin’s core purpose, some dev voices are floating the idea that we should work with the spammers. That maybe if we remove the remaining filters, the abuse will become more manageable. This is a bizarre and dangerous line of thinking. Bitcoin was never built to serve as a data dumpster. It was built to be money. Sound, verifiable, scarce. When we start redesigning Bitcoin to appease people who are actively trying to harm it, we lose the very thing that gave it credibility. Mechanic calls it out plainly. The same people who claim filters do nothing are suddenly demanding we remove them to help the spammers. It is a contradiction. A bait-and-switch. Break the protocol, then use the damage as leverage to weaken it further. This is not how strong systems survive. If we bend Bitcoin every time someone finds a way to abuse it, then it is no longer something we can trust. It becomes something we constantly have to defend through negotiation. I did not opt into Bitcoin to negotiate with attackers. I opted in because it was resilient. Because it does not ask for permission. Because it stands firm even when pressure mounts. Mechanic is not just pointing out a technical issue. He is warning us that the cultural drift inside Bitcoin is real. If we let short-term convenience take precedence over long-term integrity, we will get something very different than what we came here for. Watch the interview. Think about where this path leads.

Lysander

31,647 görüntüleme • 1 yıl önce

People are losing their minds over the idea of quantum computing breaking Bitcoin, but the panic is largely detached from reality. If you listen to Eric Yakes, the fear-mongering is completely off base. The theoretical threat relies on quantum computers factoring large prime numbers fast enough to crack current cryptography. To date, the largest number a quantum computer has successfully factored is 15. "Neven's Law" says quantum power grows at a doubly exponential rate. It's a projection people are using to raise money for their projects, rather than a measurement we are seeing in real life. Compare that to Moore's Law, which we actually watched happen in real time. While physical qubits are increasing and error rates are slowly declining, there is a massive technical hurdle: error rates scale exponentially with qubit count. Adding more power creates more "noise," making the machine harder to stabilize. "But institutional capital is worried!" That's fine. Institutional capital has been wrong about Bitcoin for a decade. If they're selling on quantum FUD, that's cheap sats for the rest of us. Bitcoin devs have been on this for years and are taking steps to mitigate the risk. BIP-360 was just merged into the Bitcoin GitHub repository and Chaincode Labs has published plenty of serious research. If a real threat emerges, every stakeholder is incentivized to adopt quantum-resistant signatures and consensus won't be the obstacle people think it is. Start paying attention to what's actually being built and take your finger off the panic button. Full breakdown 👇
10:13

People are losing their minds over the idea of quantum computing breaking Bitcoin, but the panic is largely detached from reality. If you listen to Eric Yakes, the fear-mongering is completely off base. The theoretical threat relies on quantum computers factoring large prime numbers fast enough to crack current cryptography. To date, the largest number a quantum computer has successfully factored is 15. "Neven's Law" says quantum power grows at a doubly exponential rate. It's a projection people are using to raise money for their projects, rather than a measurement we are seeing in real life. Compare that to Moore's Law, which we actually watched happen in real time. While physical qubits are increasing and error rates are slowly declining, there is a massive technical hurdle: error rates scale exponentially with qubit count. Adding more power creates more "noise," making the machine harder to stabilize. "But institutional capital is worried!" That's fine. Institutional capital has been wrong about Bitcoin for a decade. If they're selling on quantum FUD, that's cheap sats for the rest of us. Bitcoin devs have been on this for years and are taking steps to mitigate the risk. BIP-360 was just merged into the Bitcoin GitHub repository and Chaincode Labs has published plenty of serious research. If a real threat emerges, every stakeholder is incentivized to adopt quantum-resistant signatures and consensus won't be the obstacle people think it is. Start paying attention to what's actually being built and take your finger off the panic button. Full breakdown 👇

Bitcoin News

15,241 görüntüleme • 5 ay önce

El Salvador: Pioneering a Bright Future Through Innovation and Vision In recent years, El Salvador has emerged as a beacon of innovation and progress under the visionary leadership of President Nayib Bukele. From groundbreaking legislation to transformative initiatives, the country has been at the forefront of ushering in a new age of growth and development. In this article, we delve into El Salvador role as a global leader of Bitcoin and the positive trajectory for its economic and technological future El Salvador made history by being the first country to enact the Bitcoin Law, establishing a legal framework for the use of cryptocurrency in everyday transactions. This landmark legislation was followed by the creation of the Strategic Bitcoin Reserve, signaling the country's commitment to embracing digital currency as a means to drive economic empowerment and financial inclusion. Further cementing its position as a trailblazer in the digital realm, El Salvador unveiled the first Bitcoin Embassy, a hub for fostering innovation and collaboration within the cryptocurrency ecosystem. In a bold move, the country also implemented the first AI Law and Robot Law, setting the stage for the ethical and responsible integration of artificial intelligence and robotics in various sectors. Expanding its technological footprint, El Salvador introduced the cutting-edge B300 chips, demonstrating its commitment to advancing digital infrastructure and connectivity. In a bid to foster financial literacy and empowerment, the country launched the first financial literacy program for public schools, equipping the younger generation with the tools to navigate the complexities of modern finance. El Salvador's visionary approach extended beyond technology and finance with the introduction of the first Blue Ocean Strategy of the 21st century, charting a new path for sustainable growth and innovation. President Bukele's leadership has been instrumental in shaping El Salvador's trajectory as a forward-thinking nation that embraces change and progress. President Bukele, hailed as the first Great Man in modern history by many, has been instrumental in spearheading these transformative initiatives and propelling El Salvador into a new era of technological advancement and economic prosperity. His vision and leadership have not only earned global recognition but have also inspired a wave of optimism and innovation within the country. Bitcoin Historico: El stage is set for a groundbreaking moment in San Salvador as El Salvador gears up to host the highly anticipated "Bitcoin Histórico" event on November 12 and 13, 2025. This event signifies a pivotal moment not only for the country but for the entire global Bitcoin ecosystem. With the National Bitcoin Office (ONBTC) at the helm, "Bitcoin Histórico" is not simply a conference on financial technology; it is a cultural, educational, and economic festival designed to bring Bitcoin closer to all Salvadorans. This event will shine a spotlight on El Salvador's trailblazing role as a pioneer in the adoption of cryptocurrency. Gathering some of the most notable figures in the Bitcoin ecosystem, including luminaries like Don Ricardo Salinas Pliego, Max Keiser, Milena Mayorga, ZUBY:, Jeff Booth ⚡️, Jack Mallers, Pierre Rochard, Jimmy Song (송재준), isa⚡️, Bitstein, Darin Feinstein, Giacomo Distributed-AuthoritariPuritan Zucco⚡️🌋🧀, …::: jon, wiz 🇸🇻, Fadi Elsalameen فادي السلامين ⚡️, Knut Svanholm ∞/21M, Preston Pysh, Efrat Fenigson, Lina Seiche, Eric Yakes and Stacy Herbert 🇸🇻🚀, "Bitcoin Histórico" is poised to be an unprecedented gathering of minds. Through keynote addresses and panel discussions, attendees will explore topics such as the future of money, monetary sovereignty, and the cultural implications of decentralization. However, what truly sets "Bitcoin Histórico" apart is its inclusive nature. The event promises a wide array of activities for attendees of all ages, from face painting for children to mural creation for youth. The highlight of the festival will be a professional mural painted by graffiti artists, showcasing Salvadoran creativity and innovation. For those eager to delve deeper into the world of Bitcoin, free classes will be offered by students from the CUBO+ program, providing an educational opportunity for all. Moreover, the event will feature live translations of keynote speeches on giant LED screens, ensuring that the insights shared reach a wide audience. "Bitcoin Histórico" is a celebration of not just technology but also of culture and community. By opening its doors to the public and offering free activities, El Salvador aims to democratize access to Bitcoin knowledge and foster a spirit of innovation among its citizens. As El Salvador continues to make strides in the realm of cryptocurrency, "Bitcoin Histórico" stands as a testament to the country's commitment to embracing the future. By hosting this historic event, El Salvador is not only solidifying its position as a global epicenter of Bitcoin but also projecting a vision of optimism for its economic and technological future. "Bitcoin Histórico" is more than an event; it is a declaration that a new era requires new ideas and new thinkers. Join Bitcoin Historico in San Salvador on November 12 and 13, 2025, as El Salvador embark on this transformative journey towards a decentralized future. To learn more about the event and secure your spot, visit and be a part of history in the making. Embrace the future with El Salvador, the pioneer of Bitcoin country. For further updates, follow The Bitcoin Office and Stacy Herbert 🇸🇻🚀 on Twitter. "Come to Visit El Salvador and make history, we invite you to live “The Salvadoran Dream” where we dare to dream, dare to innovate, dare to believe in the limitless potential of a nation that is rewriting its own story. El Salvador: where innovation meets inspiration, and the future is ours to shape." #Bitcoin #ElSalvador #NayibBukele
2:24

El Salvador: Pioneering a Bright Future Through Innovation and Vision In recent years, El Salvador has emerged as a beacon of innovation and progress under the visionary leadership of President Nayib Bukele. From groundbreaking legislation to transformative initiatives, the country has been at the forefront of ushering in a new age of growth and development. In this article, we delve into El Salvador role as a global leader of Bitcoin and the positive trajectory for its economic and technological future El Salvador made history by being the first country to enact the Bitcoin Law, establishing a legal framework for the use of cryptocurrency in everyday transactions. This landmark legislation was followed by the creation of the Strategic Bitcoin Reserve, signaling the country's commitment to embracing digital currency as a means to drive economic empowerment and financial inclusion. Further cementing its position as a trailblazer in the digital realm, El Salvador unveiled the first Bitcoin Embassy, a hub for fostering innovation and collaboration within the cryptocurrency ecosystem. In a bold move, the country also implemented the first AI Law and Robot Law, setting the stage for the ethical and responsible integration of artificial intelligence and robotics in various sectors. Expanding its technological footprint, El Salvador introduced the cutting-edge B300 chips, demonstrating its commitment to advancing digital infrastructure and connectivity. In a bid to foster financial literacy and empowerment, the country launched the first financial literacy program for public schools, equipping the younger generation with the tools to navigate the complexities of modern finance. El Salvador's visionary approach extended beyond technology and finance with the introduction of the first Blue Ocean Strategy of the 21st century, charting a new path for sustainable growth and innovation. President Bukele's leadership has been instrumental in shaping El Salvador's trajectory as a forward-thinking nation that embraces change and progress. President Bukele, hailed as the first Great Man in modern history by many, has been instrumental in spearheading these transformative initiatives and propelling El Salvador into a new era of technological advancement and economic prosperity. His vision and leadership have not only earned global recognition but have also inspired a wave of optimism and innovation within the country. Bitcoin Historico: El stage is set for a groundbreaking moment in San Salvador as El Salvador gears up to host the highly anticipated "Bitcoin Histórico" event on November 12 and 13, 2025. This event signifies a pivotal moment not only for the country but for the entire global Bitcoin ecosystem. With the National Bitcoin Office (ONBTC) at the helm, "Bitcoin Histórico" is not simply a conference on financial technology; it is a cultural, educational, and economic festival designed to bring Bitcoin closer to all Salvadorans. This event will shine a spotlight on El Salvador's trailblazing role as a pioneer in the adoption of cryptocurrency. Gathering some of the most notable figures in the Bitcoin ecosystem, including luminaries like Don Ricardo Salinas Pliego, Max Keiser, Milena Mayorga, ZUBY:, Jeff Booth ⚡️, Jack Mallers, Pierre Rochard, Jimmy Song (송재준), isa⚡️, Bitstein, Darin Feinstein, Giacomo Distributed-AuthoritariPuritan Zucco⚡️🌋🧀, …::: jon, wiz 🇸🇻, Fadi Elsalameen فادي السلامين ⚡️, Knut Svanholm ∞/21M, Preston Pysh, Efrat Fenigson, Lina Seiche, Eric Yakes and Stacy Herbert 🇸🇻🚀, "Bitcoin Histórico" is poised to be an unprecedented gathering of minds. Through keynote addresses and panel discussions, attendees will explore topics such as the future of money, monetary sovereignty, and the cultural implications of decentralization. However, what truly sets "Bitcoin Histórico" apart is its inclusive nature. The event promises a wide array of activities for attendees of all ages, from face painting for children to mural creation for youth. The highlight of the festival will be a professional mural painted by graffiti artists, showcasing Salvadoran creativity and innovation. For those eager to delve deeper into the world of Bitcoin, free classes will be offered by students from the CUBO+ program, providing an educational opportunity for all. Moreover, the event will feature live translations of keynote speeches on giant LED screens, ensuring that the insights shared reach a wide audience. "Bitcoin Histórico" is a celebration of not just technology but also of culture and community. By opening its doors to the public and offering free activities, El Salvador aims to democratize access to Bitcoin knowledge and foster a spirit of innovation among its citizens. As El Salvador continues to make strides in the realm of cryptocurrency, "Bitcoin Histórico" stands as a testament to the country's commitment to embracing the future. By hosting this historic event, El Salvador is not only solidifying its position as a global epicenter of Bitcoin but also projecting a vision of optimism for its economic and technological future. "Bitcoin Histórico" is more than an event; it is a declaration that a new era requires new ideas and new thinkers. Join Bitcoin Historico in San Salvador on November 12 and 13, 2025, as El Salvador embark on this transformative journey towards a decentralized future. To learn more about the event and secure your spot, visit and be a part of history in the making. Embrace the future with El Salvador, the pioneer of Bitcoin country. For further updates, follow The Bitcoin Office and Stacy Herbert 🇸🇻🚀 on Twitter. "Come to Visit El Salvador and make history, we invite you to live “The Salvadoran Dream” where we dare to dream, dare to innovate, dare to believe in the limitless potential of a nation that is rewriting its own story. El Salvador: where innovation meets inspiration, and the future is ours to shape." #Bitcoin #ElSalvador #NayibBukele

Translating El Salvador

23,975 görüntüleme • 9 ay önce

BITCOIN RAILS #61: QUANTUM CRYPTOGRAPHY FOR BITCOIN | with Dan Boneh Dan Boneh 🔗 YOUTUBE: 🌿 SPOTIFY: One of the most prolific and influential cryptographers in the world, it’s difficult to fully quantify the impact that Dan Boneh has had on Bitcoin and digital assets more broadly. Through both his own research and his mentorship of some of the space’s most important contributors — e.g. Andrew Poelstra, Benedikt Bünz ☕️, and Robin Linus — few people have done more to shape the cryptographic foundations underlying modern blockchains and digital finance. More recently, Dan co-authored Google's widely discussed paper, “Securing Elliptic Curve Cryptocurrencies against Quantum Vulnerabilities,” which reduced prior estimates of the resources required to run Shor’s algorithm against the elliptic-curve cryptography used by Bitcoin. The paper reignited debate around quantum computing timelines and the long-term security assumptions behind modern cryptocurrencies. In this episode of Bitcoin Rails, Dan and I discuss the current state of quantum computing, its potential implications for Bitcoin, and how he believes the Bitcoin community should think about preparing for a post-quantum future over the coming decade and beyond. And yes, Dan shares his take on the “when quantum” question in the interview, among other key perspectives. 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 and Dan’s history with cryptography and Bitcoin 11:44 — Shor's algorithm: how a 1994 paper became cryptography's most important threat 16:39 — Building a quantum computer: superconducting qubits vs neutral atoms 25:37 — When should we start worrying about quantum computers? The timeline debate 31:51 — Have we already reached quantum computing's “ahá” moment? 39:09 — Inside the Google paper: how Shor's algorithm was optimized 49:57 — The Bitcoin mempool attack and the 10-minute window 59:21 — Mitigation: what should Bitcoin do to prepare for quantum? 1:11:54 — Hash-based vs lattice-based signatures: Dan's case for lattice 1:23:15 — ZK proofs, BIP361, and what to do with Satoshi's coins 1:31:52 — Encrypted mempools and MEV 1:38:29 — Why Bitcoin will survive quantum and Dan's message to Bitcoin builders
1:44:02

BITCOIN RAILS #61: QUANTUM CRYPTOGRAPHY FOR BITCOIN | with Dan Boneh Dan Boneh 🔗 YOUTUBE: 🌿 SPOTIFY: One of the most prolific and influential cryptographers in the world, it’s difficult to fully quantify the impact that Dan Boneh has had on Bitcoin and digital assets more broadly. Through both his own research and his mentorship of some of the space’s most important contributors — e.g. Andrew Poelstra, Benedikt Bünz ☕️, and Robin Linus — few people have done more to shape the cryptographic foundations underlying modern blockchains and digital finance. More recently, Dan co-authored Google's widely discussed paper, “Securing Elliptic Curve Cryptocurrencies against Quantum Vulnerabilities,” which reduced prior estimates of the resources required to run Shor’s algorithm against the elliptic-curve cryptography used by Bitcoin. The paper reignited debate around quantum computing timelines and the long-term security assumptions behind modern cryptocurrencies. In this episode of Bitcoin Rails, Dan and I discuss the current state of quantum computing, its potential implications for Bitcoin, and how he believes the Bitcoin community should think about preparing for a post-quantum future over the coming decade and beyond. And yes, Dan shares his take on the “when quantum” question in the interview, among other key perspectives. 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 and Dan’s history with cryptography and Bitcoin 11:44 — Shor's algorithm: how a 1994 paper became cryptography's most important threat 16:39 — Building a quantum computer: superconducting qubits vs neutral atoms 25:37 — When should we start worrying about quantum computers? The timeline debate 31:51 — Have we already reached quantum computing's “ahá” moment? 39:09 — Inside the Google paper: how Shor's algorithm was optimized 49:57 — The Bitcoin mempool attack and the 10-minute window 59:21 — Mitigation: what should Bitcoin do to prepare for quantum? 1:11:54 — Hash-based vs lattice-based signatures: Dan's case for lattice 1:23:15 — ZK proofs, BIP361, and what to do with Satoshi's coins 1:31:52 — Encrypted mempools and MEV 1:38:29 — Why Bitcoin will survive quantum and Dan's message to Bitcoin builders

Isabel Foxen Duke⚡️

113,570 görüntüleme • 2 ay önce

Denver HeatPunk Summit Video "Heat is a product not a problem" - Tyler Stevens ⚡️🔥 The HeatPunk Summit is over but the movement continues. If you missed the event you're going to feel some serious FOMO after you watch this. This video highlights the quality and the signal that came from the Under|Mine HeatPunk Summit. Huge shoutout to everyone who helped make this video possible. We had and incredible time at the summit and cannot wait for next year. We are looking forward to the progress that the HeatPunks are making in decentralizing hashrate and pushing this grasroots movement forward. P.s. I tried to tag everyone who was featured and may have even been seen in the background. But i know i missed a lot of them so If you see someone i haven't tagged please tag them in the comments. You can follow our Youtube accounts below 👇 Build-a-Mine Bitcoin Mining World Thank you to Bitcoin Mining World and Jordan Ketter for Producing this amazing video. The Space Tyler Stevens ⚡️🔥 Cody Dylan Cody Anderson - Mukwano Coffee Guy⚡ Hashrate House Toine Re₿el in Texas Softwarm LLC Justin McAfee Nathan Simone 🏴‍☠️ Kent Halliburton ElectroThermal Design Patrick @ Untethered Mining 🔌⛏️ Altair Technology® ⛏️ Tatum Turn Up (lock in arc) Kristian Csepcsar Fog Hashing m0ntan1 Neil ₿ 🦁 Canaan Inc. Ryan Ramminger CryoByte PizzAndy🍕 ~/satstackingpleb 🚌☀️⛏️ Michael Schmid ⚡️ Mechanic #BIP-110 Bob Burnett Trevor bello Travis Bitckle Martin Connor Summer Meng Bodi Wallace Bitstorian Nicolas Drouin Paul Jin Li Bob WarmBitcoin Barnminer
7:40

Denver HeatPunk Summit Video "Heat is a product not a problem" - Tyler Stevens ⚡️🔥 The HeatPunk Summit is over but the movement continues. If you missed the event you're going to feel some serious FOMO after you watch this. This video highlights the quality and the signal that came from the Under|Mine HeatPunk Summit. Huge shoutout to everyone who helped make this video possible. We had and incredible time at the summit and cannot wait for next year. We are looking forward to the progress that the HeatPunks are making in decentralizing hashrate and pushing this grasroots movement forward. P.s. I tried to tag everyone who was featured and may have even been seen in the background. But i know i missed a lot of them so If you see someone i haven't tagged please tag them in the comments. You can follow our Youtube accounts below 👇 Build-a-Mine Bitcoin Mining World Thank you to Bitcoin Mining World and Jordan Ketter for Producing this amazing video. The Space Tyler Stevens ⚡️🔥 Cody Dylan Cody Anderson - Mukwano Coffee Guy⚡ Hashrate House Toine Re₿el in Texas Softwarm LLC Justin McAfee Nathan Simone 🏴‍☠️ Kent Halliburton ElectroThermal Design Patrick @ Untethered Mining 🔌⛏️ Altair Technology® ⛏️ Tatum Turn Up (lock in arc) Kristian Csepcsar Fog Hashing m0ntan1 Neil ₿ 🦁 Canaan Inc. Ryan Ramminger CryoByte PizzAndy🍕 ~/satstackingpleb 🚌☀️⛏️ Michael Schmid ⚡️ Mechanic #BIP-110 Bob Burnett Trevor bello Travis Bitckle Martin Connor Summer Meng Bodi Wallace Bitstorian Nicolas Drouin Paul Jin Li Bob WarmBitcoin Barnminer

The Build-a-Mine Podcast

11,055 görüntüleme • 1 yıl önce

The Capture of Bitcoin Core For years, Bitcoin maintained a reputation as the ultimate uncapturable network. It was designed to be decentralized, driven entirely by consensus, and highly resistant to corporate influence. In 2015, the community famously defended the protocol during the Block Size Wars, repelling a coordinated corporate takeover attempt. In June 2025, that streak ended. A heavily contested code change was pushed into the software despite overwhelming opposition from the community. The update targeted a feature called **OP_RETURN**, a space within a transaction meant to hold tiny amounts of arbitrary data, strictly capped at 80 bytes. The 2025 update stripped those limits away, allowing massive amounts of non-financial data to be embedded directly into the blockchain. Bitcoin requires broad consensus to function, and it has no central leadership. So how did a handful of developers manage to bypass the community and force a major policy change into the software? --- The path to this change began two years earlier with a six-line administrative edit that went virtually unnoticed. By early 2023, the small group of developers who maintain Bitcoin's reference software were seeing an influx of traditional venture capital funding. Major crypto investment firms began directly funding the developers responsible for the software's upkeep. This financial concentration caught the attention of the mainstream press. In February 2023, *The Wall Street Journal* profiled the vulnerability, highlighting how few people actually controlled the software and where their funding originated. Four months later, on June 6, a funded maintainer submitted a code update. It appeared to be routine housekeeping: a six-line adjustment to the software's documentation strings. The edit narrowed the written definition of the network's data limits. The original documentation stated that the limit applied to all data-carrying transactions. The new text restricted that definition to one specific data field. This left several newer data pathways completely unregulated, even though the underlying code itself had not changed. The update passed without scrutiny. But by quietly altering the official definitions, this developer cohort rewrote the rules of engagement for all future policy debates. --- In late 2023, new projects began exploiting the exact gaps left open by that documentation edit. The Bitcoin network was suddenly flooded with digital artifacts and spam, significantly increasing system congestion. The community attempted to respond. An independent developer wrote a software patch to restore the original data limits and secured an official security designation from the National Vulnerability Database to track the exploit. To get that patch implemented, it required approval from the Core maintainers. They rejected it. The cohort cited the six-line documentation edit from earlier that year to justify the rejection. They argued that because the documentation now explicitly excluded those data fields, the spam was technically within the rules. They claimed that fixing the loophole would violate the software's documented intent. In October 2024, during a closed-door developer session, the cohort administratively closed the issue tracking the formal security record, effectively erasing the vulnerability designation from the project's history. By manipulating bureaucratic definitions, a centralized group of developers proved they could protect the specific data streams they favored while blocking community security efforts. --- By early 2025, a specific corporate interest emerged. A venture-funded entity called **Citrea** was building a product that required massive, uncapped data limits on Bitcoin to function. To meet this requirement, an active Core developer commissioned another programmer to submit a code update. This new pull request proposed removing the OP_RETURN data limit entirely—a change explicitly requested on behalf of Citrea. When the community discovered the arrangement, they rejected the proposal by roughly a four-to-one margin, citing the clear conflict of interest. Rather than address the criticism, the developer cohort leveraged their administrative privileges on GitHub to suppress the backlash. They banned vocal critics, locked discussion threads, and hid comments that pointed out the venture capital ties. They also utilized a coordinated public relations campaign at the MIT Bitcoin Expo in April 2025. The cohort's leaders used the university backdrop to project authority, dismissing widespread community opposition as "trolls" and "noise." The system designed to require broad consensus was being managed to produce the appearance of one. The decentralized community was systematically silenced by an institutional machine. --- On June 9, 2025, the uncapped OP_RETURN policy was merged into Bitcoin Core. Overriding the community's objections, the developers promised a harm-reduction measure. By opening OP_RETURN, they argued, existing spam would redirect into this cleaner channel, relieving pressure on the network. But post-merge data showed that the spam did not redirect. The original channels remained fully active while a new flood emerged through the uncapped space. The system load compounded. --- The 2025 merge redefined Bitcoin's governance by demonstrating exactly who holds the levers of power. This event, according to its critics, showed that Bitcoin Core could be influenced by a centralized group of operators willing to rewrite policy in ways that aligned with particular corporate interests. Whether one accepts that conclusion or not, the episode has become a case study in the governance of open-source infrastructure and a blueprint—real or perceived—for how a decentralized system can be captured from the inside out. Source from: CAPTURE An investigation into how informal power over Bitcoin Core was assembled, exercised, and defended by hodlonaut #BIP-110 Article One of Four — The Network Article Two of Four — The Lever Article Three of Four — The Merge
5:37

The Capture of Bitcoin Core For years, Bitcoin maintained a reputation as the ultimate uncapturable network. It was designed to be decentralized, driven entirely by consensus, and highly resistant to corporate influence. In 2015, the community famously defended the protocol during the Block Size Wars, repelling a coordinated corporate takeover attempt. In June 2025, that streak ended. A heavily contested code change was pushed into the software despite overwhelming opposition from the community. The update targeted a feature called **OP_RETURN**, a space within a transaction meant to hold tiny amounts of arbitrary data, strictly capped at 80 bytes. The 2025 update stripped those limits away, allowing massive amounts of non-financial data to be embedded directly into the blockchain. Bitcoin requires broad consensus to function, and it has no central leadership. So how did a handful of developers manage to bypass the community and force a major policy change into the software? --- The path to this change began two years earlier with a six-line administrative edit that went virtually unnoticed. By early 2023, the small group of developers who maintain Bitcoin's reference software were seeing an influx of traditional venture capital funding. Major crypto investment firms began directly funding the developers responsible for the software's upkeep. This financial concentration caught the attention of the mainstream press. In February 2023, *The Wall Street Journal* profiled the vulnerability, highlighting how few people actually controlled the software and where their funding originated. Four months later, on June 6, a funded maintainer submitted a code update. It appeared to be routine housekeeping: a six-line adjustment to the software's documentation strings. The edit narrowed the written definition of the network's data limits. The original documentation stated that the limit applied to all data-carrying transactions. The new text restricted that definition to one specific data field. This left several newer data pathways completely unregulated, even though the underlying code itself had not changed. The update passed without scrutiny. But by quietly altering the official definitions, this developer cohort rewrote the rules of engagement for all future policy debates. --- In late 2023, new projects began exploiting the exact gaps left open by that documentation edit. The Bitcoin network was suddenly flooded with digital artifacts and spam, significantly increasing system congestion. The community attempted to respond. An independent developer wrote a software patch to restore the original data limits and secured an official security designation from the National Vulnerability Database to track the exploit. To get that patch implemented, it required approval from the Core maintainers. They rejected it. The cohort cited the six-line documentation edit from earlier that year to justify the rejection. They argued that because the documentation now explicitly excluded those data fields, the spam was technically within the rules. They claimed that fixing the loophole would violate the software's documented intent. In October 2024, during a closed-door developer session, the cohort administratively closed the issue tracking the formal security record, effectively erasing the vulnerability designation from the project's history. By manipulating bureaucratic definitions, a centralized group of developers proved they could protect the specific data streams they favored while blocking community security efforts. --- By early 2025, a specific corporate interest emerged. A venture-funded entity called **Citrea** was building a product that required massive, uncapped data limits on Bitcoin to function. To meet this requirement, an active Core developer commissioned another programmer to submit a code update. This new pull request proposed removing the OP_RETURN data limit entirely—a change explicitly requested on behalf of Citrea. When the community discovered the arrangement, they rejected the proposal by roughly a four-to-one margin, citing the clear conflict of interest. Rather than address the criticism, the developer cohort leveraged their administrative privileges on GitHub to suppress the backlash. They banned vocal critics, locked discussion threads, and hid comments that pointed out the venture capital ties. They also utilized a coordinated public relations campaign at the MIT Bitcoin Expo in April 2025. The cohort's leaders used the university backdrop to project authority, dismissing widespread community opposition as "trolls" and "noise." The system designed to require broad consensus was being managed to produce the appearance of one. The decentralized community was systematically silenced by an institutional machine. --- On June 9, 2025, the uncapped OP_RETURN policy was merged into Bitcoin Core. Overriding the community's objections, the developers promised a harm-reduction measure. By opening OP_RETURN, they argued, existing spam would redirect into this cleaner channel, relieving pressure on the network. But post-merge data showed that the spam did not redirect. The original channels remained fully active while a new flood emerged through the uncapped space. The system load compounded. --- The 2025 merge redefined Bitcoin's governance by demonstrating exactly who holds the levers of power. This event, according to its critics, showed that Bitcoin Core could be influenced by a centralized group of operators willing to rewrite policy in ways that aligned with particular corporate interests. Whether one accepts that conclusion or not, the episode has become a case study in the governance of open-source infrastructure and a blueprint—real or perceived—for how a decentralized system can be captured from the inside out. Source from: CAPTURE An investigation into how informal power over Bitcoin Core was assembled, exercised, and defended by hodlonaut #BIP-110 Article One of Four — The Network Article Two of Four — The Lever Article Three of Four — The Merge

dewmap #BIP-110

16,440 görüntüleme • 1 gün önce

Michael Saylor just went on CNBC and said that if Bitcoin drops 90%, he'll simply "refinance the debt" and "roll it forward." This guy is a desperate fraud who has NO CLUE what he's talking about. Let's actually look at what "rolling it forward" means in reality: Strategy holds 714,644 Bitcoin purchased at an average cost of $76,056 per coin. Total acquisition cost: $54.35 billion. Bitcoin is trading around $68,000. Already below their cost basis. The company carries over $8 billion in debt. 100% of its convertible notes are now out of the money. Now imagine Saylor's own scenario. Bitcoin drops 90%. That takes it to roughly $6,800. Strategy's 714,644 Bitcoin would be worth approximately $4.9 billion. Against $8 billion in debt. The assets don't cover the liabilities. Period. And he thinks banks are going to refinance that? On what collateral? On what cash flow? Because Strategy's operating cash flow was negative $138 million in 2025. Down from negative $53 million the year before. The trajectory is going the wrong direction. When asked: "You think banks would lend to you at that point?" Saylor just laughed it off. But here's who's not laughing: 11 state pension funds that bought MSTR as a "regulated proxy" for Bitcoin exposure. CalPERS. New York State. Florida. Wisconsin. New Jersey. Teachers. Firefighters. Police officers. Together they hold 1.8 million shares. Their original investment: $577 million. Current value: $240 million. That's $337 million in paper losses. Most funds are down 60%. CalPERS, the largest public pension fund in the country, bought 448,000 shares for $144 million. That position has been cut nearly in half. These aren't hedge fund cowboys who can stomach a drawdown. These are retirement systems with fiduciary obligations to millions of public workers. Meanwhile $MSTR has fallen from $543 to roughly $123. Down 77% from its all-time high. Saylor says he'll buy Bitcoin "every quarter forever" and will never sell. But that's not how debt works. You don't get to choose when your creditors come calling. You don't get to "roll forward" $8 billion in debt when your only asset has collapsed and your operating business generates negative cash flow. The people who say "we'll just refinance" are always the ones who can't. The question isn't whether Saylor believes in Bitcoin. The question is whether pension funds managing trillions in retirement savings should be exposed to a leveraged single-asset bet run by a man who laughs off a 90% drawdown scenario on national tv. Teachers. Firefighters. State employees. Their retirement savings are sitting inside a company that just posted a $12.4 billion loss and whose chairman's contingency plan is "we'll figure it out." That's STUPID. And the people who'll pay the price aren't on CNBC. They're counting on those pensions to be there when they retire.
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Michael Saylor just went on CNBC and said that if Bitcoin drops 90%, he'll simply "refinance the debt" and "roll it forward." This guy is a desperate fraud who has NO CLUE what he's talking about. Let's actually look at what "rolling it forward" means in reality: Strategy holds 714,644 Bitcoin purchased at an average cost of $76,056 per coin. Total acquisition cost: $54.35 billion. Bitcoin is trading around $68,000. Already below their cost basis. The company carries over $8 billion in debt. 100% of its convertible notes are now out of the money. Now imagine Saylor's own scenario. Bitcoin drops 90%. That takes it to roughly $6,800. Strategy's 714,644 Bitcoin would be worth approximately $4.9 billion. Against $8 billion in debt. The assets don't cover the liabilities. Period. And he thinks banks are going to refinance that? On what collateral? On what cash flow? Because Strategy's operating cash flow was negative $138 million in 2025. Down from negative $53 million the year before. The trajectory is going the wrong direction. When asked: "You think banks would lend to you at that point?" Saylor just laughed it off. But here's who's not laughing: 11 state pension funds that bought MSTR as a "regulated proxy" for Bitcoin exposure. CalPERS. New York State. Florida. Wisconsin. New Jersey. Teachers. Firefighters. Police officers. Together they hold 1.8 million shares. Their original investment: $577 million. Current value: $240 million. That's $337 million in paper losses. Most funds are down 60%. CalPERS, the largest public pension fund in the country, bought 448,000 shares for $144 million. That position has been cut nearly in half. These aren't hedge fund cowboys who can stomach a drawdown. These are retirement systems with fiduciary obligations to millions of public workers. Meanwhile $MSTR has fallen from $543 to roughly $123. Down 77% from its all-time high. Saylor says he'll buy Bitcoin "every quarter forever" and will never sell. But that's not how debt works. You don't get to choose when your creditors come calling. You don't get to "roll forward" $8 billion in debt when your only asset has collapsed and your operating business generates negative cash flow. The people who say "we'll just refinance" are always the ones who can't. The question isn't whether Saylor believes in Bitcoin. The question is whether pension funds managing trillions in retirement savings should be exposed to a leveraged single-asset bet run by a man who laughs off a 90% drawdown scenario on national tv. Teachers. Firefighters. State employees. Their retirement savings are sitting inside a company that just posted a $12.4 billion loss and whose chairman's contingency plan is "we'll figure it out." That's STUPID. And the people who'll pay the price aren't on CNBC. They're counting on those pensions to be there when they retire.

George Noble

136,159 görüntüleme • 5 ay önce