Damus

Recent Notes

Matt Lorentz · 12h
The main levers you have to work with are the number of keys you create and the number required to open the vault. So if you are worried about two key holders colluding you can set the required thresh...
DireMunchkin profile picture
Decaying multisig can be set up with miniscript on Bitcoin - You can have a 3-of-5 wallet where there's a second spending path after block height N where only one of the keys needs to sign, for example. Liana wallet uses this IIRC.

Not sure if any of this is relevant to Horcrux though.
Libertas Primordium · 6d
There's already movers and shakers discussing fucking with the supply schedule to keep the miners profitable and the miners will signal for it when it comes time. Blockstream is working to put all sorts on non-monetary functionality on Bitcoin. Bitcoin is already not Bitcoin anymore.
Matthew Kratter · 6d
Are Bitcoin Forks Shitcoins? https://blossom.primal.net/707d668383755b43feba18e4bd49d77048953c26e9eaa3bf9ed9c79859f015f1.mp4
DireMunchkin profile picture
I sympathize with ending shitcoins on Bitcoin, which is why I ran the UASF client. But the chance of success in any meaningful sense of a minority hard fork is basically nil.

I hope my Knots frens who are going this way give up after a while and come back to main chain. The Bitcoin community would be poorer without you.

Please don't triple down and think that $Knots is going to flippen Bitcoin, it's not going to happen. BCH offers a preview of how bleak your future is on that road.

I think working on decentralizing mining is a better path forward - There is actually some good progress happening there with renting hash. I wouldn't jump to the conclusion that the main chain is so irretrievably screwed we have to abandon it and start from scratch.
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Libertas Primordium · 6d
I hope the main chain goes full shitcoin and embarrasses everybody who stuck with it
Constant · 1w
Work on decentralizing mining with stuff like stratum v2 has been on the agenda/a concern for many years.... Wtf has bip110 to do with mining centralization anyway? To perhaps put you at ease a bit....
DireMunchkin profile picture
Thanks. That's somewhat reassuring.

> Wtf has bip110 to do with mining centralization anyway?

Nothing, except that it was blocked by the miners.

> Also miners controll the network, and we should just accept that fact and let miners openly signal for softforks so we can finaly get something usefull added again.

You're right. There was much discussion about the role of the BIP-148 UASF in 2017. So it was not obvious to me before that this was the case.
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Constant · 1w
The whole UASF thing is more or less a nuance, being that "markets" don't like a shitshow, and that sad markets because mommy and daddy are fighting leads to a bad price, and that a bad price leads to sad miners. I.e. controversy is the deterent. There is far more to that story, being that a bunch...
Constant · 1w
Oh, it was not ''blocked'' by the miners. In-action =/= blocking. They simply did not addopt the softfork
Alan ₿ · 1w
Yes. 100%
nostrich · 1w
Luke's actions show he is freedom maximalist. Some bad actors call him dictator as part of their propaganda. Its nice how they reveal themselves. Mark them and don't forget them.