正在加载视频...

视频加载失败

返回首页

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...

isabelfoxenduke's profile picture

Isabel Foxen Duke⚡️

15,989 subscribers

18,631 次观看 • 20 天前 •via X (Twitter)

LIVE

Anya Rossi• Live Now

Private livecam show

0 条评论

暂无评论

原始帖子的评论将显示在这里

相关视频

BITCOIN RAILS #63: Bitcoin's threshold for trust-minimization—without a soft fork | with Sam Blackshear Sam Blackshear 🔗 YOUTUBE: 🌱 SPOTIFY: Some of the most impressive technical and commercial leaders in digital assets emerged from what insiders call the "Libra Mafia" — the team assembled by Meta to build Libra (later Diem). Though the project ultimately succumbed to regulatory pressure, it produced a generation of founders and engineers who went on to shape the industry, including Sam Blackshear (Sam Blackshear), a leading expert in blockchain programming languages and CTO of MystenLabs.sui In this episode of Bitcoin Rails, Sam joins me to discuss: - Why Mysten Labs has turned its focus toward Bitcoin + why Sam leans conservative on soft-fork changes to Bitcoin script - What makes a strong crypto programming language + why EVM is missing the mark - Why trust minimization remains the critical technical challenge standing between Bitcoin and broader DeFi adoption - Why Mysten Lab's new Hashi architecture may be the most trust-minimized architecture for Bitcoin "bridging" without a soft fork 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 01:09 — Sam's Origin Story 04:40 — Building Move Inside Libra 10:18 — Why Sui Looks Like Bitcoin 15:55 — Libra Dies & Sui Is Born 23:06 — Quantum Resistance & Sui's Cryptography 28:24 — Bitcoin's Programmability Problem 34:39 — How Hashi Works 38:00 — Hashi's Trust Assumptions 53:54 — Why Nobody Else Could Build This 56:24 — The Future of Building on Bitcoin
58:05

BITCOIN RAILS #63: Bitcoin's threshold for trust-minimization—without a soft fork | with Sam Blackshear Sam Blackshear 🔗 YOUTUBE: 🌱 SPOTIFY: Some of the most impressive technical and commercial leaders in digital assets emerged from what insiders call the "Libra Mafia" — the team assembled by Meta to build Libra (later Diem). Though the project ultimately succumbed to regulatory pressure, it produced a generation of founders and engineers who went on to shape the industry, including Sam Blackshear (Sam Blackshear), a leading expert in blockchain programming languages and CTO of MystenLabs.sui In this episode of Bitcoin Rails, Sam joins me to discuss: - Why Mysten Labs has turned its focus toward Bitcoin + why Sam leans conservative on soft-fork changes to Bitcoin script - What makes a strong crypto programming language + why EVM is missing the mark - Why trust minimization remains the critical technical challenge standing between Bitcoin and broader DeFi adoption - Why Mysten Lab's new Hashi architecture may be the most trust-minimized architecture for Bitcoin "bridging" without a soft fork 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 01:09 — Sam's Origin Story 04:40 — Building Move Inside Libra 10:18 — Why Sui Looks Like Bitcoin 15:55 — Libra Dies & Sui Is Born 23:06 — Quantum Resistance & Sui's Cryptography 28:24 — Bitcoin's Programmability Problem 34:39 — How Hashi Works 38:00 — Hashi's Trust Assumptions 53:54 — Why Nobody Else Could Build This 56:24 — The Future of Building on Bitcoin

Isabel Foxen Duke⚡️

34,558 次观看 • 2 个月前

BITCOIN RAILS #62: BITCOIN'S 3 BIGGEST CHALLENGES | with Neha Narula Director of Digital Currency Initiative (DCI) Massachusetts Institute of Technology (MIT) 🔗 YOUTUBE: 🌱 SPOTIFY: Neha Narula is the Director of the MIT Digital Currency Initiative, where she focuses on Bitcoin research and the broader design tradeoffs of decentralized money systems. Her work often centers on what Bitcoin gets right—and where it runs into hard limits—especially around scaling, decentralization, and how systems behave as global demand increases. In this interview, Neha and I explore longer-term risks to Bitcoin—including advancements in quantum computing and the implications of a diminishing block subsidy—as well as the ongoing challenge of scaling Bitcoin without losing access to self-custody. A thoughtful conversation on how Bitcoin may change in the coming years, we also explore its social and governance dynamics—including tensions within the development community over protocol changes, scaling philosophies, and the future direction of the system. 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 00:17 Neha’s Origins 02:26 Bitcoin to MIT 04:40 Media Lab Culture and Mission 11:34 CBDCs as Digital Cash Debate 24:42 Funding Model and Bitcoin Security Budget 29:55 Reorg Risk and Quantum Computing 32:14 Bitcoin Dev Funding Map 42:49 Governance and Corporate Stakes 50:23 Quantum Tradeoffs Framework 56:02 Post Quantum Proposals 58:59 Prioritize PQ Transactions 01:00:54 Satoshi Coins Debate 01:02:12 Mining Incentives And Price 01:08:08 Corporate Funding And Governance 01:10:54 Scaling Self Custody And L2s 01:20:30 Bitcoin Kernel And Wrap Up
1:22:57

BITCOIN RAILS #62: BITCOIN'S 3 BIGGEST CHALLENGES | with Neha Narula Director of Digital Currency Initiative (DCI) Massachusetts Institute of Technology (MIT) 🔗 YOUTUBE: 🌱 SPOTIFY: Neha Narula is the Director of the MIT Digital Currency Initiative, where she focuses on Bitcoin research and the broader design tradeoffs of decentralized money systems. Her work often centers on what Bitcoin gets right—and where it runs into hard limits—especially around scaling, decentralization, and how systems behave as global demand increases. In this interview, Neha and I explore longer-term risks to Bitcoin—including advancements in quantum computing and the implications of a diminishing block subsidy—as well as the ongoing challenge of scaling Bitcoin without losing access to self-custody. A thoughtful conversation on how Bitcoin may change in the coming years, we also explore its social and governance dynamics—including tensions within the development community over protocol changes, scaling philosophies, and the future direction of the system. 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 00:17 Neha’s Origins 02:26 Bitcoin to MIT 04:40 Media Lab Culture and Mission 11:34 CBDCs as Digital Cash Debate 24:42 Funding Model and Bitcoin Security Budget 29:55 Reorg Risk and Quantum Computing 32:14 Bitcoin Dev Funding Map 42:49 Governance and Corporate Stakes 50:23 Quantum Tradeoffs Framework 56:02 Post Quantum Proposals 58:59 Prioritize PQ Transactions 01:00:54 Satoshi Coins Debate 01:02:12 Mining Incentives And Price 01:08:08 Corporate Funding And Governance 01:10:54 Scaling Self Custody And L2s 01:20:30 Bitcoin Kernel And Wrap Up

Isabel Foxen Duke⚡️

24,482 次观看 • 3 个月前

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⚡️

114,788 次观看 • 3 个月前

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 次观看 • 3 个月前

BITCOIN RAILS #69: ZERO-KNOWLEDGE PROOFS FOR POST-QUANTUM BITCOIN | with Benedikt Bünz 🔗 YOUTUBE: 🌿 SPOTIFY: While many Bitcoiners remain hopeful the network will embrace zero-knowledge proofs for protocol-level use cases, practical adoption has remained limited outside of BitVM and a handful of experimental proposals. Most of the world’s ZKP research has circled around Ethereum and other ecosystems, where significant resources have been dedicated to advancing these systems, particularly for scaling and privacy applications. One of the most notable contributors to this research is Benedikt Bünz ☕️ — professor of cryptography at NYU and collaborator of Dan Boneh, who together inarguably form one of the strongest blockchain-applied cryptography teams in the world. The pair recently announced they’ll be leading the new post-quantum cryptography unit localhost research — the first dedicated PQ research effort within a major Bitcoin development organization. With Benedikt leading the charge on the use of zero-knowledge proofs for post-quantum mitigation, the question emerges: will the post-quantum transition be the catalyst to finally bring zero-knowledge proofs to Bitcoin's core protocol? In more detail, Benedikt and I discuss: - Why ZKPs haven’t been widely adopted by the Bitcoin technical community — and why the threat of quantum computers may change that posture going forward - How ZKPs could be used for signature batching to address larger post-quantum signatures in Bitcoin’s post-quantum era - Why Bitcoiners will likely prioritize hash-based signatures as an initial post-quantum scheme — rather than more efficient but less proven alternatives (e.g., lattice-based) - How ZKPs have evolved over the last decade and may finally be ready for Bitcoin’s strict requirements around trust assumptions - Why Benedikt and Dan are teaming up with localhost research to create the first post-quantum cryptography unit within a major Bitcoin development organization + what they hope to accomplish 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 00:22 — Benedikt's background 04:10 — How Benedikt got into Bitcoin and cryptography 07:42 — First ZK project: proving exchange solvency after Mt. Gox 16:01 — ZK proofs explained 27:43 — How security gets popular & ZK proofs in Bitcoin 35:49 — Other applications of ZK proofs for Bitcoin 40:15 — Why ZK proofs haven't been adopted in Bitcoin 50:46 — Why the Bitcoin post-quantum transition needs ZK proofs 01:07:00 — Cryptographic agility and why lattices win 01:18:00 — The size problem and how SNARKs solve it 01:33:57 — Proving a Bitcoin block in a laptop in 1.5 seconds 01:37:12 — Bitcoin as the primary quantum target 01:40:47 — ZK proofs for seed phrase recovery
1:43:41

BITCOIN RAILS #69: ZERO-KNOWLEDGE PROOFS FOR POST-QUANTUM BITCOIN | with Benedikt Bünz 🔗 YOUTUBE: 🌿 SPOTIFY: While many Bitcoiners remain hopeful the network will embrace zero-knowledge proofs for protocol-level use cases, practical adoption has remained limited outside of BitVM and a handful of experimental proposals. Most of the world’s ZKP research has circled around Ethereum and other ecosystems, where significant resources have been dedicated to advancing these systems, particularly for scaling and privacy applications. One of the most notable contributors to this research is Benedikt Bünz ☕️ — professor of cryptography at NYU and collaborator of Dan Boneh, who together inarguably form one of the strongest blockchain-applied cryptography teams in the world. The pair recently announced they’ll be leading the new post-quantum cryptography unit localhost research — the first dedicated PQ research effort within a major Bitcoin development organization. With Benedikt leading the charge on the use of zero-knowledge proofs for post-quantum mitigation, the question emerges: will the post-quantum transition be the catalyst to finally bring zero-knowledge proofs to Bitcoin's core protocol? In more detail, Benedikt and I discuss: - Why ZKPs haven’t been widely adopted by the Bitcoin technical community — and why the threat of quantum computers may change that posture going forward - How ZKPs could be used for signature batching to address larger post-quantum signatures in Bitcoin’s post-quantum era - Why Bitcoiners will likely prioritize hash-based signatures as an initial post-quantum scheme — rather than more efficient but less proven alternatives (e.g., lattice-based) - How ZKPs have evolved over the last decade and may finally be ready for Bitcoin’s strict requirements around trust assumptions - Why Benedikt and Dan are teaming up with localhost research to create the first post-quantum cryptography unit within a major Bitcoin development organization + what they hope to accomplish 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 00:22 — Benedikt's background 04:10 — How Benedikt got into Bitcoin and cryptography 07:42 — First ZK project: proving exchange solvency after Mt. Gox 16:01 — ZK proofs explained 27:43 — How security gets popular & ZK proofs in Bitcoin 35:49 — Other applications of ZK proofs for Bitcoin 40:15 — Why ZK proofs haven't been adopted in Bitcoin 50:46 — Why the Bitcoin post-quantum transition needs ZK proofs 01:07:00 — Cryptographic agility and why lattices win 01:18:00 — The size problem and how SNARKs solve it 01:33:57 — Proving a Bitcoin block in a laptop in 1.5 seconds 01:37:12 — Bitcoin as the primary quantum target 01:40:47 — ZK proofs for seed phrase recovery

Isabel Foxen Duke⚡️

19,872 次观看 • 1 个月前

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
1:32:49

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 次观看 • 29 天前

JEREMY RUBIN RETURNS... for his annual vibe check on Bitcoin development, and the evolving art of soft forking Bitcoin. 0:00 Intro 1:35 What is my doing now?? 4:45 Bitcoin L2s 17:40 How hard is Jeremy working?? 23:20 VR has been an absolute fuckin flop 25:10 Rubin year in review 32:17 Bitcoin Soft forks 33:44 Covenants without a soft fork change? 39:50 Runes 50:40 Stablecoins on Bitcoin 54:35 erin's soft fork vibe check 59:16 OP_CAT and use of human capital 1:01:45 Bitcoin script 1:08:35 Ethereum vs. Bitcoin block production 1:13:20 Solana and global state 1:15:45 Predictions for Bitcoin soft forks 1:17:40 Could OP_CAT happen in 2025? 1:20:30 Casey's opinions on Bitcoin soft forks 1:22:22 How to soft fork Bitcoin 1:29:00 Overall 2025 predictions & outro
1:30:48

JEREMY RUBIN RETURNS... for his annual vibe check on Bitcoin development, and the evolving art of soft forking Bitcoin. 0:00 Intro 1:35 What is my doing now?? 4:45 Bitcoin L2s 17:40 How hard is Jeremy working?? 23:20 VR has been an absolute fuckin flop 25:10 Rubin year in review 32:17 Bitcoin Soft forks 33:44 Covenants without a soft fork change? 39:50 Runes 50:40 Stablecoins on Bitcoin 54:35 erin's soft fork vibe check 59:16 OP_CAT and use of human capital 1:01:45 Bitcoin script 1:08:35 Ethereum vs. Bitcoin block production 1:13:20 Solana and global state 1:15:45 Predictions for Bitcoin soft forks 1:17:40 Could OP_CAT happen in 2025? 1:20:30 Casey's opinions on Bitcoin soft forks 1:22:22 How to soft fork Bitcoin 1:29:00 Overall 2025 predictions & outro

Hell Money

31,389 次观看 • 1 年前

THEY KILLED THE ORDINALS BIP Casey Casey tells the full story of his failed attempt to get the Ordinals BIP accepted into the Bitcoin repository - a three-year saga that ended in a silent rejection. We break down what a BIP actually is and how Bitcoin’s governance process handled - or failed to handle - one of its most controversial proposals. Topics covered: - What is a BIP and how the process works - What Ordinals actually are (sat tracking vs "assets") - The full Ordinals BIP timeline (2023–2026) - Casey’s technical, personal, and political grievances - BIP 110 vs Ordinals - A proposed reform plan for Bitcoin’s BIP process - Bitcoin governance and ossification risks TIMESTAMPS: 0:00 Intro, Casey is single 3:52 Ordinals BIP 20:00 Bad social politics incentives 25:15 Inscriptions BIP 28:30 Casey is demoralized 32:00 The Tyranny of Structurelessness 34:00 Bryan Bishop, Epstein files, and narrative control games 37:00 BIP 110 38:15 Blockstream & Bitcoin core, Bitcoin governance 43:25 Bitcoin is ossified, OP CTV 49:35 When is it clear that Bitcoin has failed? 58:00 Quantum threat & VC narratives 1:02:00 Casey's list of demands for BIP editors 1:10:45 It's so over, Maxi Madness
1:19:01

THEY KILLED THE ORDINALS BIP Casey Casey tells the full story of his failed attempt to get the Ordinals BIP accepted into the Bitcoin repository - a three-year saga that ended in a silent rejection. We break down what a BIP actually is and how Bitcoin’s governance process handled - or failed to handle - one of its most controversial proposals. Topics covered: - What is a BIP and how the process works - What Ordinals actually are (sat tracking vs "assets") - The full Ordinals BIP timeline (2023–2026) - Casey’s technical, personal, and political grievances - BIP 110 vs Ordinals - A proposed reform plan for Bitcoin’s BIP process - Bitcoin governance and ossification risks TIMESTAMPS: 0:00 Intro, Casey is single 3:52 Ordinals BIP 20:00 Bad social politics incentives 25:15 Inscriptions BIP 28:30 Casey is demoralized 32:00 The Tyranny of Structurelessness 34:00 Bryan Bishop, Epstein files, and narrative control games 37:00 BIP 110 38:15 Blockstream & Bitcoin core, Bitcoin governance 43:25 Bitcoin is ossified, OP CTV 49:35 When is it clear that Bitcoin has failed? 58:00 Quantum threat & VC narratives 1:02:00 Casey's list of demands for BIP editors 1:10:45 It's so over, Maxi Madness

Hell Money

32,597 次观看 • 5 个月前

BITCOIN RAILS #36: The Birth Story of ‘OPCAT’ | with proposal co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 🔗 YOUTUBE: 🌿 SPOTIFY: As interest in Bitcoin Layer 2s skyrockets, the inclusion of OP_CAT — an opcode enabling concatenation of elements in the Bitcoin stack — has become a key technical upgrade to watch for its potential in the development of trustless bridges. OP_CAT co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 and I sat down to discuss debate around this opcode — including why it’s controversial, the cultural environment shaping its future, and why some worry its broad expressivity could pose “unknown risks” to Bitcoin over time. More recently, Ethan co-authored BIP 360 with Hunter Beast 🕯️ — another controversial proposal aimed at addressing Bitcoin’s quantum vulnerabilities. Suffice it to say, there are few people with Ethan's experience in navigating Bitcoin politics and its shifting governance landscape as we move towards ossification over time. In this episode, we cover: - The origins of OP_CAT and why it was included and removed from early Bitcoin - What makes OP_CAT so powerful (and why that worries some developers) - Cultural shifts in Bitcoin governance as its developer community matures - The ‘great covenants debate’ + OPCAT vs. CTV - The path to BIP 360 and why Bitcoin should be ‘quantum ready’ This episode is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing - Spark (Lightspark), a statechains implementation leading the path towards institutional adoption of Bitcoin-powered payments - Citrea (Citrea), the leading Bitcoin Rollup technology and contributor to the BitVM alliance 📍 Timestamps 00:00 – Intro 00:45 – Bitcoin Privacy and the OP_CAT Proposal 03:18 – Technical Challenges of Adding New Opcodes 07:37 – Politics and Culture of Bitcoin Upgrades 28:46 – Quantum Computing Meets Bitcoin 37:48 – How Governments View Quantum Risk 39:06 – Breaking Down BIP 360 for Developers 42:03 – Post-Quantum Signature Schemes Explained 45:18 – Trade-offs in Quantum Security for Bitcoin 53:16 – Community Reactions to BIP 360 01:00:23 – The Future of Bitcoin in a Post Quantum World
1:08:25

BITCOIN RAILS #36: The Birth Story of ‘OPCAT’ | with proposal co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 🔗 YOUTUBE: 🌿 SPOTIFY: As interest in Bitcoin Layer 2s skyrockets, the inclusion of OP_CAT — an opcode enabling concatenation of elements in the Bitcoin stack — has become a key technical upgrade to watch for its potential in the development of trustless bridges. OP_CAT co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 and I sat down to discuss debate around this opcode — including why it’s controversial, the cultural environment shaping its future, and why some worry its broad expressivity could pose “unknown risks” to Bitcoin over time. More recently, Ethan co-authored BIP 360 with Hunter Beast 🕯️ — another controversial proposal aimed at addressing Bitcoin’s quantum vulnerabilities. Suffice it to say, there are few people with Ethan's experience in navigating Bitcoin politics and its shifting governance landscape as we move towards ossification over time. In this episode, we cover: - The origins of OP_CAT and why it was included and removed from early Bitcoin - What makes OP_CAT so powerful (and why that worries some developers) - Cultural shifts in Bitcoin governance as its developer community matures - The ‘great covenants debate’ + OPCAT vs. CTV - The path to BIP 360 and why Bitcoin should be ‘quantum ready’ This episode is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing - Spark (Lightspark), a statechains implementation leading the path towards institutional adoption of Bitcoin-powered payments - Citrea (Citrea), the leading Bitcoin Rollup technology and contributor to the BitVM alliance 📍 Timestamps 00:00 – Intro 00:45 – Bitcoin Privacy and the OP_CAT Proposal 03:18 – Technical Challenges of Adding New Opcodes 07:37 – Politics and Culture of Bitcoin Upgrades 28:46 – Quantum Computing Meets Bitcoin 37:48 – How Governments View Quantum Risk 39:06 – Breaking Down BIP 360 for Developers 42:03 – Post-Quantum Signature Schemes Explained 45:18 – Trade-offs in Quantum Security for Bitcoin 53:16 – Community Reactions to BIP 360 01:00:23 – The Future of Bitcoin in a Post Quantum World

Isabel Foxen Duke⚡️

13,231 次观看 • 11 个月前

BITCOIN RAILS #50: HISTORY OF SEGWIT & TAPROOT | with Pieter Wuille 🔗 YOUTUBE: A primary maintainer of Bitcoin Core from 2011-2022, Pieter Wuille is arguably the most influential developer in Bitcoin’s history since Satoshi himself. After receiving keys to the Bitcoin codebase from Gavin Andresen, who was tasked with maintaining the codebase by Satoshi Nakamoto, Pieter went on to implement some of Bitcoin’s most dramatic and influential upgrades, including but not limited to: - Implementation of Bitcoin’s Taproot and Segwit upgrades - Implementation of libsecp256k + Bitcoin’s unique encoding structure for the cryptography securing all Bitcoin public/private keys - The first import/export feature for Bitcoin private keys into Bitcoin (now Bitcoin Core) - Development of hierarchical deterministic (HD) wallets, enabling backups via a single seedphrase and paving the way for seedphrases themselves - DER signatures, Miniscript, and so much more A truly special episode of Bitcoin Rails, this is a rare long-form interview with one of the most important historical figures in the arc of Bitcoin’s development. Pieter and I walk through how Bitcoin consensus works in practice, the history of Bitcoin's most critical early developments, and the key role of his good friend, Greg Maxwell, nearly every step of the way. This episode of Bitcoin Rails is powered by: — Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) - the leading API for Ordinals and BRC-20 data aggregation and indexing. — Spark (Lightspark) - a statechains implementation advancing Bitcoin-powered payments. — Citrea (Citrea | Mainnet Live 🍊🍋) - a leading Bitcoin rollup technology and BitVM alliance contributor. TIMESTAMPS: 00:00 Intro 00:42 Early Days in Bitcoin 01:25 First Contributions to Bitcoin Core 04:38 Challenges and Innovations in Bitcoin Development 06:54 The Hal Finney Challenge 12:16 Bitcoin Core Contributors Back Then 14:18 The Creation of HD Wallets and Seed Phrases 17:47 Greg Maxwell Role and Relationship 21:00 Implementing Libsecp256k1 28:39 Why Did Satoshi Choose ECDSA 33:34 Addressing OpenSSL Issues 40:41 Why Pieter Wrote BIP 66 47:54 BIP 103 Proposal and Initial Reactions 49:57 SegWit Development and Implementation 01:05:39 Taproot's History, Details, and Benefits 01:11:09 Why Taproot Has No Hashed Addresses 01:16:55 Pieter's Thoughts on BitVM and other non-softfork dependent scaling solutions cc Robin Linus 🥖 01:18:27 Non-Soft Fork Scaling Solutions 01:23:03 Future Consensus Changes and Challenges 01:25:28 Bitcoin's Miner Centralization and Security Concerns (e.g. MEV) cc Matt Corallo 🟠 01:34:48 Miniscript: Simplifying Bitcoin Script? cc Rob Hamilton
1:40:30

BITCOIN RAILS #50: HISTORY OF SEGWIT & TAPROOT | with Pieter Wuille 🔗 YOUTUBE: A primary maintainer of Bitcoin Core from 2011-2022, Pieter Wuille is arguably the most influential developer in Bitcoin’s history since Satoshi himself. After receiving keys to the Bitcoin codebase from Gavin Andresen, who was tasked with maintaining the codebase by Satoshi Nakamoto, Pieter went on to implement some of Bitcoin’s most dramatic and influential upgrades, including but not limited to: - Implementation of Bitcoin’s Taproot and Segwit upgrades - Implementation of libsecp256k + Bitcoin’s unique encoding structure for the cryptography securing all Bitcoin public/private keys - The first import/export feature for Bitcoin private keys into Bitcoin (now Bitcoin Core) - Development of hierarchical deterministic (HD) wallets, enabling backups via a single seedphrase and paving the way for seedphrases themselves - DER signatures, Miniscript, and so much more A truly special episode of Bitcoin Rails, this is a rare long-form interview with one of the most important historical figures in the arc of Bitcoin’s development. Pieter and I walk through how Bitcoin consensus works in practice, the history of Bitcoin's most critical early developments, and the key role of his good friend, Greg Maxwell, nearly every step of the way. This episode of Bitcoin Rails is powered by: — Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) - the leading API for Ordinals and BRC-20 data aggregation and indexing. — Spark (Lightspark) - a statechains implementation advancing Bitcoin-powered payments. — Citrea (Citrea | Mainnet Live 🍊🍋) - a leading Bitcoin rollup technology and BitVM alliance contributor. TIMESTAMPS: 00:00 Intro 00:42 Early Days in Bitcoin 01:25 First Contributions to Bitcoin Core 04:38 Challenges and Innovations in Bitcoin Development 06:54 The Hal Finney Challenge 12:16 Bitcoin Core Contributors Back Then 14:18 The Creation of HD Wallets and Seed Phrases 17:47 Greg Maxwell Role and Relationship 21:00 Implementing Libsecp256k1 28:39 Why Did Satoshi Choose ECDSA 33:34 Addressing OpenSSL Issues 40:41 Why Pieter Wrote BIP 66 47:54 BIP 103 Proposal and Initial Reactions 49:57 SegWit Development and Implementation 01:05:39 Taproot's History, Details, and Benefits 01:11:09 Why Taproot Has No Hashed Addresses 01:16:55 Pieter's Thoughts on BitVM and other non-softfork dependent scaling solutions cc Robin Linus 🥖 01:18:27 Non-Soft Fork Scaling Solutions 01:23:03 Future Consensus Changes and Challenges 01:25:28 Bitcoin's Miner Centralization and Security Concerns (e.g. MEV) cc Matt Corallo 🟠 01:34:48 Miniscript: Simplifying Bitcoin Script? cc Rob Hamilton

Isabel Foxen Duke⚡️

43,894 次观看 • 6 个月前

BITCOIN IS UNDER ATTACK: BIP-444 EXPLAINED 00:00 Intro, Election Day, Prop-50, gerrymandering 4:00 State of Jefferson, California secession, Zohran Mamdani, rent control 9:00 BIP-444, limiting arbitrary data in Bitcoin transactions 24:00 How a soft fork works, re-defining a 51% attack 30:00 Knots attack on Bitcoin 33:30 Psychology of Knots fundamentalism & cult 36:15 Success of Knots vs Bitcoin Core v30 37:45 Rob Hamilton 🟥's BIP-444 prediction market 41:15 Bitcoin core devs want to tinker and develop when they should be just maintaining 44:50 Edits for BIP-444, 444 Western vs Eastern numerology 50:00 Has BIP-444/Knots broken containment?51:20 Selling BIP-444 airdrop 54:55 BIP-444 myth making 57:50 Filter discussion has derailed all real technical discussion 1:00:00 Legal & moral arguments 1:06:00 Addressing the Swifties, humor is high consciousness 1:08:00 Rehabilitating Mechanic and Luke's image on Hell Money Podcast
1:09:54

BITCOIN IS UNDER ATTACK: BIP-444 EXPLAINED 00:00 Intro, Election Day, Prop-50, gerrymandering 4:00 State of Jefferson, California secession, Zohran Mamdani, rent control 9:00 BIP-444, limiting arbitrary data in Bitcoin transactions 24:00 How a soft fork works, re-defining a 51% attack 30:00 Knots attack on Bitcoin 33:30 Psychology of Knots fundamentalism & cult 36:15 Success of Knots vs Bitcoin Core v30 37:45 Rob Hamilton 🟥's BIP-444 prediction market 41:15 Bitcoin core devs want to tinker and develop when they should be just maintaining 44:50 Edits for BIP-444, 444 Western vs Eastern numerology 50:00 Has BIP-444/Knots broken containment?51:20 Selling BIP-444 airdrop 54:55 BIP-444 myth making 57:50 Filter discussion has derailed all real technical discussion 1:00:00 Legal & moral arguments 1:06:00 Addressing the Swifties, humor is high consciousness 1:08:00 Rehabilitating Mechanic and Luke's image on Hell Money Podcast

Hell Money

25,953 次观看 • 9 个月前

BITCOIN RAILS #43: A HISTORY OF “SPAM” on BITCOIN | with Peter Todd 🔗 YOUTUBE: 🌿 SPOTIFY: “You cannot prevent arbitrary data from being published in Bitcoin transactions. Even at the consensus level…It’s mathematically impossible.” Legendary Bitcoin contributor since 2009 and self-described "weirdo with a fine arts degree," Peter Todd joins me to unpack the endless wars over Bitcoin's "true purpose," his pioneering work putting "spam" on the blockchain, and why he believes attempts to filter transactions are just “silly.” In this episode, we get deep into the history of using Bitcoin for data storage - which goes back, at least, to the development of Namecoin in 2011. Relatedly, we cover the history and long-fought governance battles around OP_RETURN, relay policy, and our community's evolving definitions of "arbitrary data. Suffice it to say, the Filter Wars of 2024/25 are not new... they are simply one battle in a decade+ war we unpack in detail in this context-rich episode of Bitcoin Rails. In more detail, this episode covers: - The development of Open Time Stamps + Bitcoin's use in validating election data and beyond. - OPRETURN battles of the early days... and how its use has evolved over the past decade. - Why Bitcoin Core "should not try to censor transactions" and the "performance art project" (Libre Relay) that shows why. - Bitcoin as a "replicated database" and why blockchains may legitimately be useful outside of sound money. - Why preventing arbitrary data on Bitcoin is "mathematically impossible" ...and trying to stop it is only distracting us from "more important" efforts, like the Great Consensus Cleanup Antoine Poinsot. This episode of Bitcoin Rails is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) — the leading API for Ordinals and BRC-20 data aggregation and indexing. - Spark (Lightspark) — a statechains implementation advancing Bitcoin-powered payments. - Citrea (Citrea | Mainnet Live 🍊🍋) — the leading Bitcoin rollup technology and BitVM alliance contributor. Timestamps: 00:00 Intro 01:19 Bitcoin Early Days 03:44 OpenTimestamps Project 12:22 Governance and Bitcoin Protocol Debates 26:36 The Blockchain Use Case Argument 35:46 Transaction Version Numbers and Standardization 38:30 Preventing Exploits and DDoS Attacks 40:10 Relay Policies and Economic Decisions 42:00 The Taproot Annex and OP_RETURN 45:07 Libre Relay 01:01:18 Future of Bitcoin and Soft Fork Proposals
1:13:14

BITCOIN RAILS #43: A HISTORY OF “SPAM” on BITCOIN | with Peter Todd 🔗 YOUTUBE: 🌿 SPOTIFY: “You cannot prevent arbitrary data from being published in Bitcoin transactions. Even at the consensus level…It’s mathematically impossible.” Legendary Bitcoin contributor since 2009 and self-described "weirdo with a fine arts degree," Peter Todd joins me to unpack the endless wars over Bitcoin's "true purpose," his pioneering work putting "spam" on the blockchain, and why he believes attempts to filter transactions are just “silly.” In this episode, we get deep into the history of using Bitcoin for data storage - which goes back, at least, to the development of Namecoin in 2011. Relatedly, we cover the history and long-fought governance battles around OP_RETURN, relay policy, and our community's evolving definitions of "arbitrary data. Suffice it to say, the Filter Wars of 2024/25 are not new... they are simply one battle in a decade+ war we unpack in detail in this context-rich episode of Bitcoin Rails. In more detail, this episode covers: - The development of Open Time Stamps + Bitcoin's use in validating election data and beyond. - OPRETURN battles of the early days... and how its use has evolved over the past decade. - Why Bitcoin Core "should not try to censor transactions" and the "performance art project" (Libre Relay) that shows why. - Bitcoin as a "replicated database" and why blockchains may legitimately be useful outside of sound money. - Why preventing arbitrary data on Bitcoin is "mathematically impossible" ...and trying to stop it is only distracting us from "more important" efforts, like the Great Consensus Cleanup Antoine Poinsot. This episode of Bitcoin Rails is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) — the leading API for Ordinals and BRC-20 data aggregation and indexing. - Spark (Lightspark) — a statechains implementation advancing Bitcoin-powered payments. - Citrea (Citrea | Mainnet Live 🍊🍋) — the leading Bitcoin rollup technology and BitVM alliance contributor. Timestamps: 00:00 Intro 01:19 Bitcoin Early Days 03:44 OpenTimestamps Project 12:22 Governance and Bitcoin Protocol Debates 26:36 The Blockchain Use Case Argument 35:46 Transaction Version Numbers and Standardization 38:30 Preventing Exploits and DDoS Attacks 40:10 Relay Policies and Economic Decisions 42:00 The Taproot Annex and OP_RETURN 45:07 Libre Relay 01:01:18 Future of Bitcoin and Soft Fork Proposals

Isabel Foxen Duke⚡️

10,768 次观看 • 8 个月前

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 次观看 • 2 个月前

BITCOIN RAILS #34: Bitcoin’s Security & Quantum Risks—and the Future of Satoshi’s Coins | with Jameson Lopp Jameson Lopp “Most people don’t think about security until it’s too late,” says the Casa co-founder and CSO. One of the most prolific thought-leaders in Bitcoin security and privacy, there are few people who understand the nuances of Bitcoin security quite as deeply - not to mention the OPSEC practices required to protect against wrench attacks, for instance, which are rising globally as Bitcoin price increases. More recently, Lopp has turned his attention to mitigating Bitcoin’s quantum vulnerabilities, including market risks associated with quantum-vulnerable Satoshi’s Coins + longer-term strategies for quantum-hardening of Bitcoin addresses long term. In this special episode of Bitcoin Rails, we cover: - Lopp’s experiences designing self-custody products at both BitGo and Casa - The swatting attack he suffered in 2017, and the radical steps he’s taken to secure his home location since - The ‘quantum computing’ challenge for Bitcoin and its impacts on Satoshi’s Coins - How the network may respond to QCs in the face of ossification and why QC preparation may be the hardest governance test the network has ever faced This episode is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing - Spark (Lightspark), a statechains implementation leading the path towards institutional adoption of Bitcoin-powered payments - Citrea (Citrea), the leading Bitcoin Rollup technology and contributor to the BitVM alliance 📌 Timestamps 00:00 – Intro: Quantum Computing Meets Bitcoin 00:19 – Jameson Lopp on the Bitcoin Rails 00:53 – The Quantum Threat to Bitcoin Security 06:32 – Lopp’s Path into Bitcoin & Security 12:58 – The Swatting Attack During the Block Size Wars 25:28 – Could Quantum Crack Satoshi’s Coins? 43:55 – Announcements & Sponsors Messages 45:30 – Building Bitcoin’s Quantum Resistance 47:00 – QBTC and the Push for Quantum-Resistant Bitcoin 48:43 – Why Changing Bitcoin Is So Hard 51:19 – Email Protocols, Ossification, and Bitcoin’s Future 01:01:53 – A Roadmap for Quantum Resistance
1:27:58

BITCOIN RAILS #34: Bitcoin’s Security & Quantum Risks—and the Future of Satoshi’s Coins | with Jameson Lopp Jameson Lopp “Most people don’t think about security until it’s too late,” says the Casa co-founder and CSO. One of the most prolific thought-leaders in Bitcoin security and privacy, there are few people who understand the nuances of Bitcoin security quite as deeply - not to mention the OPSEC practices required to protect against wrench attacks, for instance, which are rising globally as Bitcoin price increases. More recently, Lopp has turned his attention to mitigating Bitcoin’s quantum vulnerabilities, including market risks associated with quantum-vulnerable Satoshi’s Coins + longer-term strategies for quantum-hardening of Bitcoin addresses long term. In this special episode of Bitcoin Rails, we cover: - Lopp’s experiences designing self-custody products at both BitGo and Casa - The swatting attack he suffered in 2017, and the radical steps he’s taken to secure his home location since - The ‘quantum computing’ challenge for Bitcoin and its impacts on Satoshi’s Coins - How the network may respond to QCs in the face of ossification and why QC preparation may be the hardest governance test the network has ever faced This episode is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing - Spark (Lightspark), a statechains implementation leading the path towards institutional adoption of Bitcoin-powered payments - Citrea (Citrea), the leading Bitcoin Rollup technology and contributor to the BitVM alliance 📌 Timestamps 00:00 – Intro: Quantum Computing Meets Bitcoin 00:19 – Jameson Lopp on the Bitcoin Rails 00:53 – The Quantum Threat to Bitcoin Security 06:32 – Lopp’s Path into Bitcoin & Security 12:58 – The Swatting Attack During the Block Size Wars 25:28 – Could Quantum Crack Satoshi’s Coins? 43:55 – Announcements & Sponsors Messages 45:30 – Building Bitcoin’s Quantum Resistance 47:00 – QBTC and the Push for Quantum-Resistant Bitcoin 48:43 – Why Changing Bitcoin Is So Hard 51:19 – Email Protocols, Ossification, and Bitcoin’s Future 01:01:53 – A Roadmap for Quantum Resistance

Isabel Foxen Duke⚡️

14,538 次观看 • 11 个月前

BITCOIN RAILS #38: Two Forces That Could Break Bitcoin: AI vs Quantum I with Martin Shkreli 🔗 YOUTUBE: 🌿 SPOTIFY: A couple months ago, I co-hosted an X space with LayerTwo Labs re: “Should Bitcoiners care about quantum computing?” You can imagine our surprise when (in?)famous tech investor Martin Shkreli arrived to share that he’s been researching this very question for years… and dropped that he’s been personally considering raising funds to hire a team of mathematicians to hack Satoshi’s Coins. In this episode, Martin and I explore the limits of Bitcoin’s security model and the two forces he believes could potentially challenge it: a computational path driven by advances in quantum hardware, and/or a mathematical path fueled by AI-assisted discovery. This interview additionally shares takes on: - Why hacking Bitcoin would be the "ultimate" mathematical achievement—and why hacking Satoshi’s coins should be considered a “bug bounty” for Bitcoin - Why quantum may be more problematic for Bitcoin than for the traditional tech world (e.g. why quantum doesn’t likely threaten NVIDIA) - The little known history of Bitcoin’s “overflow bug” (yup, Bitcoin *has* been hacked before… an exploit corrected by hard fork). - And of course, why mathematicians do their deepest work in prison 😉 As always, this episode of Bitcoin Rails can be viewed on YouTube or Spotify via the link available in my bio—and is brought to you with the help of my incredible partners: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) – the leading API for Ordinals and BRC20 data aggregation and indexing - Spark (Lightspark) – a statechains implementation leading the path towards institutional adoption of Bitcoin-powered payments - Citrea (Citrea) – the leading Bitcoin rollup technology and contributor to the BitVM alliance 📷 Timestamps 00:00 Intro 02:57 Quantum Supremacy and Google’s Breakthroughs 05:02 Bitcoin’s Cryptographic Vulnerabilities 08:24 Studying Math and Cryptography Behind Bars 20:04 Governance and the Culture of Bitcoin Development 26:29 The Future of Quantum and AI in Cryptography 37:42 Hardware Challenges and Fidelity in Quantum 47:57 Game Theory and the Quantum Race 01:04:08 Bitcoin Recovery and the Quantum Security Question 01:08:38 Mathematical Challenges in Breaking Cryptography 01:15:08 The Role of AI in Future Mathematical Breakthroughs
1:28:17

BITCOIN RAILS #38: Two Forces That Could Break Bitcoin: AI vs Quantum I with Martin Shkreli 🔗 YOUTUBE: 🌿 SPOTIFY: A couple months ago, I co-hosted an X space with LayerTwo Labs re: “Should Bitcoiners care about quantum computing?” You can imagine our surprise when (in?)famous tech investor Martin Shkreli arrived to share that he’s been researching this very question for years… and dropped that he’s been personally considering raising funds to hire a team of mathematicians to hack Satoshi’s Coins. In this episode, Martin and I explore the limits of Bitcoin’s security model and the two forces he believes could potentially challenge it: a computational path driven by advances in quantum hardware, and/or a mathematical path fueled by AI-assisted discovery. This interview additionally shares takes on: - Why hacking Bitcoin would be the "ultimate" mathematical achievement—and why hacking Satoshi’s coins should be considered a “bug bounty” for Bitcoin - Why quantum may be more problematic for Bitcoin than for the traditional tech world (e.g. why quantum doesn’t likely threaten NVIDIA) - The little known history of Bitcoin’s “overflow bug” (yup, Bitcoin *has* been hacked before… an exploit corrected by hard fork). - And of course, why mathematicians do their deepest work in prison 😉 As always, this episode of Bitcoin Rails can be viewed on YouTube or Spotify via the link available in my bio—and is brought to you with the help of my incredible partners: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) – the leading API for Ordinals and BRC20 data aggregation and indexing - Spark (Lightspark) – a statechains implementation leading the path towards institutional adoption of Bitcoin-powered payments - Citrea (Citrea) – the leading Bitcoin rollup technology and contributor to the BitVM alliance 📷 Timestamps 00:00 Intro 02:57 Quantum Supremacy and Google’s Breakthroughs 05:02 Bitcoin’s Cryptographic Vulnerabilities 08:24 Studying Math and Cryptography Behind Bars 20:04 Governance and the Culture of Bitcoin Development 26:29 The Future of Quantum and AI in Cryptography 37:42 Hardware Challenges and Fidelity in Quantum 47:57 Game Theory and the Quantum Race 01:04:08 Bitcoin Recovery and the Quantum Security Question 01:08:38 Mathematical Challenges in Breaking Cryptography 01:15:08 The Role of AI in Future Mathematical Breakthroughs

Isabel Foxen Duke⚡️

62,881 次观看 • 10 个月前

Merged mining, chain locks, zk based data availability and sidechains. For the 9th episode of our Bitcoin and Beyond presentation series, we had the pleasure to chat with jagdeep sidhu of ROLLUX to about scaling Bitcoin. We discuss the extension of Bitcoin’s security through merge mining, chain locks for finality, long-range attacks on consensus, liquidity bridging, and the key differences in optimistic and zk-rollups in Bitcoin. Jag has a very unique perspective on scaling Bitcoin and is very ethos aligned with the core Bitcoin community. Watch today’s video to uncover what’s really happening behind the scenes in Bitcoin scaling: 00:00 Introduction 03:30 The Bitcoin Superchain 04:39 Rollux Stack 22:46 Layer 0 for Bitcoin 27:10 Why Rollux Needs Syscoin 37:36 Blockchain as Islands 59:48 Conclusions on Scaling Bitcoin
1:04:08

Merged mining, chain locks, zk based data availability and sidechains. For the 9th episode of our Bitcoin and Beyond presentation series, we had the pleasure to chat with jagdeep sidhu of ROLLUX to about scaling Bitcoin. We discuss the extension of Bitcoin’s security through merge mining, chain locks for finality, long-range attacks on consensus, liquidity bridging, and the key differences in optimistic and zk-rollups in Bitcoin. Jag has a very unique perspective on scaling Bitcoin and is very ethos aligned with the core Bitcoin community. Watch today’s video to uncover what’s really happening behind the scenes in Bitcoin scaling: 00:00 Introduction 03:30 The Bitcoin Superchain 04:39 Rollux Stack 22:46 Layer 0 for Bitcoin 27:10 Why Rollux Needs Syscoin 37:36 Blockchain as Islands 59:48 Conclusions on Scaling Bitcoin

The Rollup

45,679 次观看 • 2 年前

BITCOIN RAILS EPISODE #28: ORANGE PILLING CRYPTO WITH WIZARDS & CATS | with Udi Wertheimer One of the most influential voices in “Bitcoin Season II,” Udi Wertheimer is one of the most controversial and, perhaps, most misunderstood figures in the Bitcoin community broadly. A self-identified “survivor” of Bitcoin maximalism, Udi’s critiques of Bitcoin-only tribalism – and the suppression of nuanced discussion that arises as a result – made him the perfect spokesperson for post-Ordinals Bitcoiners looking for someone to represent their “Bitcoin-first” rather than “Bitcoin-only” views. Inspired by Ordinals, Udi and partner Eric Wall founded Taproot Wizards – one of the most unique and enigmatic companies in Bitcoin – with a broad mandate to “onboard crypto users to Bitcoin… by any means necessary.” From launching two of the most popular Ordinals collections in the world – to campaigning for progressive Bitcoin opcodes (i.e. CAT) – Udi and the Wizards relentlessly orange pill the most maxi-neglected low-hanging fruit… non-Bitcoin crypto users. As always, you can view this episode on YouTube or Spotify via the linktree in my bio. This episode is powered by Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing—as well as Citrea (Citrea), a leading 'Bitcoin Rollup' technology and core contributor to the BitVM alliance. Timestamps: 00:20 Udi: The Bitcoin Maxi “Cult Survivor” 03:10 Maxis cheering on Gary Gensler 06:30 Ordinals: Tokens arriving on Bitcoin 08:55 How NFTs helped encourage Bitcoin self-custody 11:40 Making Bitcoin cool again for crypto people 13:55 Why did Udi start the Taproot Wizards company? 16:00 The Wizards’ pitch to investors 18:50 “Successful fundraising” is an oxymoron 20:40 Why did Ryan Dell join the Wizards? 24:00 Taproot Wizards is not strictly an “L2” company 27:00 What went into the Taproot Wizards NFT launch 29:30 The NFT auction and inspiring Solana user participation 32:50 The importance of launching during the bear market 34:30 Every active crypto trader has Phantom wallet 37:10 Cultural differences between Bitcoin, crypto and different wallet users 40:45 Why Udi was impressed by 43:30 Udi is NOT a Runes fan 45:40 Don't be too defeatist about Runes’ failure 47:40 Championing OP_CAT and the Bitcoin Core power vacuum 49:40 Why Bitcoin Core has “failed” 51:35 Bitcoin Core’s weakness around OP-Return drama 55:00 How will Bitcoin devs get things done? 57:40 Udi’s OP_CAT political lobbying effort 01:00:20 Why Udi thinks CTV is unlikely to pass 01:03:40 Robin Linus wanted OP_CAT: What happened? 01:05:30 Were Taproot Wizards a blessing or a curse for OP_CAT?
1:07:23

BITCOIN RAILS EPISODE #28: ORANGE PILLING CRYPTO WITH WIZARDS & CATS | with Udi Wertheimer One of the most influential voices in “Bitcoin Season II,” Udi Wertheimer is one of the most controversial and, perhaps, most misunderstood figures in the Bitcoin community broadly. A self-identified “survivor” of Bitcoin maximalism, Udi’s critiques of Bitcoin-only tribalism – and the suppression of nuanced discussion that arises as a result – made him the perfect spokesperson for post-Ordinals Bitcoiners looking for someone to represent their “Bitcoin-first” rather than “Bitcoin-only” views. Inspired by Ordinals, Udi and partner Eric Wall founded Taproot Wizards – one of the most unique and enigmatic companies in Bitcoin – with a broad mandate to “onboard crypto users to Bitcoin… by any means necessary.” From launching two of the most popular Ordinals collections in the world – to campaigning for progressive Bitcoin opcodes (i.e. CAT) – Udi and the Wizards relentlessly orange pill the most maxi-neglected low-hanging fruit… non-Bitcoin crypto users. As always, you can view this episode on YouTube or Spotify via the linktree in my bio. This episode is powered by Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing—as well as Citrea (Citrea), a leading 'Bitcoin Rollup' technology and core contributor to the BitVM alliance. Timestamps: 00:20 Udi: The Bitcoin Maxi “Cult Survivor” 03:10 Maxis cheering on Gary Gensler 06:30 Ordinals: Tokens arriving on Bitcoin 08:55 How NFTs helped encourage Bitcoin self-custody 11:40 Making Bitcoin cool again for crypto people 13:55 Why did Udi start the Taproot Wizards company? 16:00 The Wizards’ pitch to investors 18:50 “Successful fundraising” is an oxymoron 20:40 Why did Ryan Dell join the Wizards? 24:00 Taproot Wizards is not strictly an “L2” company 27:00 What went into the Taproot Wizards NFT launch 29:30 The NFT auction and inspiring Solana user participation 32:50 The importance of launching during the bear market 34:30 Every active crypto trader has Phantom wallet 37:10 Cultural differences between Bitcoin, crypto and different wallet users 40:45 Why Udi was impressed by 43:30 Udi is NOT a Runes fan 45:40 Don't be too defeatist about Runes’ failure 47:40 Championing OP_CAT and the Bitcoin Core power vacuum 49:40 Why Bitcoin Core has “failed” 51:35 Bitcoin Core’s weakness around OP-Return drama 55:00 How will Bitcoin devs get things done? 57:40 Udi’s OP_CAT political lobbying effort 01:00:20 Why Udi thinks CTV is unlikely to pass 01:03:40 Robin Linus wanted OP_CAT: What happened? 01:05:30 Were Taproot Wizards a blessing or a curse for OP_CAT?

Isabel Foxen Duke⚡️

16,524 次观看 • 1 年前