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Recent Notes

Primelord · 99w
I'm assuming it supports sats?
Vlad, Bitcoin Takeover Podcast · 99w
Gm, I had a horrible nightmare last night. Bitcoin privacy companies were shutting down their service, some devs were put in jail. Lightning service providers were fleeing the US due to ridiculous r...
 fiatjaf profile picture
fiatjaf @fiatjaf
I had an even worse nightmare: Bitcoin developers, after realizing Lightning cannot scale as previously thought, decide to create a new Bitcoin script that would allow them to do many new forms of L2s, such as
- payment pools
- lightning symmetry
- timeout trees
- ark
CappyNate🍁 · 99w
Awesome thank you!
fiatjaf profile picture
imagine the "great script restoration" gives Bitcoin unlimited computational power. you can now do anything with script, even more than just OP_CAT would allow you to.

so what? ethereum has had all that since always and tons of people trying to find a way to scale payments there for almost 10 years and the best they got was zk-rollups, which is shitty as scaling and only increase throughput by 2x
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Se7enZ · 99w
His presentation seemed to me to be more about cleaning up technical debt and improving quality of the underlying script system than solving explicitly for scaling.
Jeff Swann · 99w
Op_cat & things like it are not particularly helpful & open doors to attack bitcoin. They will not be added. The tools currently available have not been properly put to use.
James A Lewis · 99w
Make virtual addresses embedded in on-chain addresses. Think of the domain name system. TLD is the on-chain address. Domain name is the L2. Subdomain is L3. Etcetera. Use a merkle tree to prove balances, publish proofs on-chain, and use it to validate the next level up balancing transactions like ne...
fiatjaf profile picture
I wish I could get inside the minds of these people who think "sharing utxos" accomplishes anything for Bitcoin in terms of scaling

lightning is already "sharing utxos" and look at how bad it is, any other construction will be worse
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doot · 99w
i’ve always thought the worst scaling axiom was ‘it must have unilateral exits’
StackSats.IO · 99w
We need to be realistic about scalability. As Bitcoin grows, later entrants are going to get priced out of base layer regardless if its gonna survive so why do we need to try and have 8 Billion+ people with direct sovereign access to this layer when 95% of them couldn’t afford the fees? Makes no ...
Hynek · 99w
What is your current way of thinking?
Big Barry Bitcoin · 99w
What else do we even have? Bitcoin has a lot more demand to get through in the coming future.
Kendy · 99w
People actually think that? I’ve always thought it’s all about privacy and assumed others understood the same.
Do something G · 99w
Can a person with a shared utxo spend said utxo without permission/obstruction from someone else?
Quantoshi.xyz · 99w
I don’t understand how utxo sharing works or even could work. But I can tell you how to think about it. Any software trick that allows more people to transact per byte of block space is potentially critical to the survival of bitcoin. Remember, bitcoin must evolve to spread cost of ongoing sec...
fiatjaf · 99w
after HTLCs
fiatjaf profile picture
all software has bugs, it just happens that lightning software has many more bugs than normal and these bugs cost much more money than normal, and after 7 years of complete dedication of dozens of developers they still exist for the most basic things, and yet these same developers insist in adding more and more complex features to the protocol
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fiatjaf · 99w
and I say this after fixing 5 horrible bugs on the ZBD Social codebase that gave existed for months. they were truly horrible. even though they were so bad still the thing was working somewhat and no one lost any money due to them.
PABLOF7z · 99w
who