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#Bitcoin Core dev glozow on my latest episode: "Bitcoin Core is a very very security-oriented piece of software." --- "Fifteen years ago when Satoshi first published the proof of concept code to today, it's evolved so much to be almost unrecognizable." --- "Democracy as we know it - it's...

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Natalie Brunell ⚡️

576,152 subscribers

38,733 görüntüleme • 1 yıl önce •via X (Twitter)

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Kooora profil fotoğrafı
Kooora1 yıl önce

@glozow Clever spiking my financial gains

Justin Bechler profil fotoğrafı
Justin Bechler1 yıl önce

@glozow Can someone help me understand what qualifies this individual as a Bitcoin Core maintainer?

Chris Monetary Maxi profil fotoğrafı
Chris Monetary Maxi1 yıl önce

@glozow “the proof of concept code” 🤡 Satoshi Nakamoto provided “the implementation code”; he called it BitCoin by the way. #Study_BitCoin

⚡️ 𝕱𝖎𝖆𝖙 𝕯𝖊𝖓𝖎𝖊𝖗 ⚡️ profil fotoğrafı
⚡️ 𝕱𝖎𝖆𝖙 𝕯𝖊𝖓𝖎𝖊𝖗 ⚡️1 yıl önce

@glozow Oh my lord. She can’t speak

Chris Monetary Maxi profil fotoğrafı
Chris Monetary Maxi1 yıl önce

@glozow "Democracy as we know it - it's not that you wrote the Constitution once and you're done, Democracy is fixed..." 🤡 Bitcoin has absolutely nothing to do with democracy or constitution. A flaw metaphor. It has more to do with private property enforcement.

Chris Monetary Maxi profil fotoğrafı
Chris Monetary Maxi1 yıl önce

@glozow What is more stable? • The USA constitution or • The Bitcoin-Core code base? Asking for a friend…

Chris Monetary Maxi profil fotoğrafı
Chris Monetary Maxi1 yıl önce

@glozow “very very security-oriented” What does that even mean? Buzzword: “security”. I’ve heard something the like somewhere else… 🤔

Chris Monetary Maxi profil fotoğrafı
Chris Monetary Maxi1 yıl önce

@glozow “it's evolved so much to be almost unrecognizable.” Meaning Bitcoin (Core) has changed the implementation so much to be almost unrecognizable and complicated in reference with what Satoshi Nakamoto implemented.

Bitcoin_To_The_Oblivion 🚀🚀🚀 profil fotoğrafı
Bitcoin_To_The_Oblivion 🚀🚀🚀1 yıl önce

@glozow She is one of the compromised core devs.

shadow6 profil fotoğrafı
shadow61 yıl önce

@glozow Bitcoin Core has a toxic governance culture

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“I'm not a huge hater of the institutions. I wasn't a huge hater of altcoins. These institutional products are just kind of altcoins. People can go make their money. Go do your thing. But it's not Bitcoin. An ETF is not Bitcoin. With these centralized projects, you're not getting the core values of Bitcoin, the control, the censorship resistance, the privacy. You're putting it in a centralized wrapper, and if you put Bitcoin in a centralized wrapper, you lose everything that's good about it. It's not Bitcoin. It's just an affinity marketing thing. It's “Hey, you like Bitcoin, go buy my other project." Just like, "Hey you like bitcoin? Go buy my altcoin." It's not the same thing, and I think in many ways it's a step backwards. I don't hate these people, but they certainly shouldn't be celebrated. It's not forwarding our industry if we do treasury strategies, if we do ETFs, we cheer for BlackRock and Cantor. That's a step backwards. It's not something to be cheerful for. It's not a victory, in my opinion. A victory is having more people have direct ownership of real Bitcoin. We now have millions of people who've been onboarded into this fake paper thing that's a claim on a claim on a claim of something that has Bitcoin in the words, but it's not actually Bitcoin. They are never actually holding a wallet like many of us did back in 2012 where somebody sent us that first dollar and you say, "Wow, this is cool. I didn't need to give my ID and I'm able to control and hold this sound money for the first time." You now have a whole generation of millions of people that don't have that. They have some junk fiat product sitting like sludge on their centralized brokerage account at the centralized clearing firm, traded on a centralized exchange, with a centralized transfer agent, and a centralized custodian, and they have to trust six levels of people on a claim for something that has the word ‘Bitcoin’ in it. It's not a victory. It's not a step forward. I don't think it's something that should be celebrated at all.”
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“I'm not a huge hater of the institutions. I wasn't a huge hater of altcoins. These institutional products are just kind of altcoins. People can go make their money. Go do your thing. But it's not Bitcoin. An ETF is not Bitcoin. With these centralized projects, you're not getting the core values of Bitcoin, the control, the censorship resistance, the privacy. You're putting it in a centralized wrapper, and if you put Bitcoin in a centralized wrapper, you lose everything that's good about it. It's not Bitcoin. It's just an affinity marketing thing. It's “Hey, you like Bitcoin, go buy my other project." Just like, "Hey you like bitcoin? Go buy my altcoin." It's not the same thing, and I think in many ways it's a step backwards. I don't hate these people, but they certainly shouldn't be celebrated. It's not forwarding our industry if we do treasury strategies, if we do ETFs, we cheer for BlackRock and Cantor. That's a step backwards. It's not something to be cheerful for. It's not a victory, in my opinion. A victory is having more people have direct ownership of real Bitcoin. We now have millions of people who've been onboarded into this fake paper thing that's a claim on a claim on a claim of something that has Bitcoin in the words, but it's not actually Bitcoin. They are never actually holding a wallet like many of us did back in 2012 where somebody sent us that first dollar and you say, "Wow, this is cool. I didn't need to give my ID and I'm able to control and hold this sound money for the first time." You now have a whole generation of millions of people that don't have that. They have some junk fiat product sitting like sludge on their centralized brokerage account at the centralized clearing firm, traded on a centralized exchange, with a centralized transfer agent, and a centralized custodian, and they have to trust six levels of people on a claim for something that has the word ‘Bitcoin’ in it. It's not a victory. It's not a step forward. I don't think it's something that should be celebrated at all.”

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If you buy 1 bitcoin on an exchange (or buy 1 bitcoin directly to cold storage at Unchained), you're not actually buying 1 bitcoin. You're buying 100,000,000 bitcoins. Values in bitcoin are something called 64-bit integers, where 1 coin is represented within Bitcoin Core, the bitcoin software, as 100,000,000 units. Satoshi didn’t suggest we can name these smaller units something else. He suggested we call it bitcoin. Similar to a stock split. The smallest unit is still called a share of Apple, Amazon, or another company, but previous shareholders might receive 2 shares for 1, 8 shares for 1 or even more. So 1 bitcoin really equals 100,000,000 bitcoins.

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🚨 🇫🇷 Macron: "Even though it is not part of the European Union, the United Kingdom cannot stay on the sidelines because defence and security, competitiveness, democracy, the very core of our identity are connected across Europe"
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3:28

Did Epstein influence Bitcoin core development? Short answer: No. This is not how Bitcoin works. Here’s what happened: Epstein donated to MIT Media Lab…who in turn supported MIT Digital Currency Initiative…which in turn funded Bitcoin developers. These devs used to be funded by The Bitcoin Foundation (which I used to run as volunteer Executive Director) there are many devs and no dev or team had power or control over Bitcoin. Under MIT’s patronage the devs had the same deal they had with us at The Bitcoin Foundation: that they could work on the code and not have direction from the org. More importantly — how Bitcoin works is that *even if* a dev was compromised then the nodes and miners would still have to run that code to make it included in Bitcoin. So for example if I had somehow asked the devs paid by Bitcoin Foundation to “add 1000 coins for Bruce” 1) they wouldn’t have done this / it would have been counter to our agreement 2) no miners would run that code & no nodes would recognize it. It would be a laughing stock and completely rejected. Does this mean code dev is not an attack vector? No. It’s still a risk. Particularly with nation state style actors and very careful efforts to co-opt which are much more sophisticated than “give Bruce coins” or something. This is one reason I’m cautious of Bitcoin core funding - especially from actors who’ve had bad judgment in the past. I think we should be cautious of who does the dev and view it as an attack vector. Bitcoin code is transparent and has lots of eyes on it. So in this case especially there isn’t even a solid accusation, let alone evidence that MIT directed nefarious code changes. If that was an allegation the first question should be: well what code specifically did MIT direct and what proof is there and how was it harmful? I think claims around this would collapse. There’s obviously plenty to criticize about Epstein and MIT working with him — and when it comes to digital assets MIT’s work with Gensler and especially its work on CBDCs is much more suspect than the chance that malicious code was pushed through on Bitcoin. Be cautious but this is a nothing burger

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15 years ago: Satoshi Nakamoto mined the 1st #Bitcoin block. Today: It's a national currency and the new gold. The revolution can not be stopped 🚀
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The right to vote is the core of our democracy. If we lose that, we lose everything.

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1:57

So, does it matter that Bitcoin seems to be moving away from its cypherpunk roots? Bitcoin ETFs and Bitcoin Treasuries have taken BTC mainstream. So I asked Saifedean Ammous this very question. His answer might surprise you... 👀👇 "If you have very strong feelings about how people should and shouldn't use Bitcoin, you're in for a rough time." "To be honest, a lot of people project too much onto Bitcoin. Ultimately, it's just a bunch of software and anybody can use it in any way they want. Initially, it's a small subset of people that use it and then they start projecting their values onto it. And then over time, they expect it to continue to abide by that," Ammous said. "If it's a successful technology, it's going to be used by everybody. It's going to be used by small businesses, large businesses, governments, individuals. It's money. Everybody uses money. There are 8.5 billion people on Earth, they all use money and they're all going to continue to use money. And Bitcoin is just the best money." Ultimately, the protocol itself is immune to the financial instruments that TradFi has concocted. If people want to lend against their BTC or create complex financial products, that does not actually impact the underlying network. "The way that the protocol works is that it's completely blind to what you're doing with your coins on the Bitcoin blockchain there is no paper Bitcoin there's no such thing as paper Bitcoin there's only 21 million Bitcoin and every node makes sure of that every 10 minutes and then if somebody who has some of these Bitcoin on their private key decides to sell obligations or financial liabilities referring to that Bitcoin under any condition, that's their choice. It's outside of Bitcoin and it's outside of the realm of other Bitcoin users being able to say this is right or wrong and this should happen or shouldn't happen. People are going to do whatever they want with the Bitcoin, including selling access to it or exposure to it in all kinds of different ways. And if you don't like it, you don't buy it, you can stack your own Bitcoin." You can find the full interview for Cointelegraph in the 🧵. If you enjoyed this content, please like 🧡, retweet 🔁 and follow me 👋!

Gareth Jenkinson

34,417 görüntüleme • 7 ay önce