Per River’s latest report the lightning network processes roughly 0.1% the transaction volume of Visa (by volume, not count!). Honestly not bad!

It’s impressive how well LLMs demonstrate the Gell-Mann Amnesia effect.

This. Build the best Bitcoin to get more normal sane people to use Bitcoin and drown out the crazies. That and don’t bother engaging on social media. Sorry to the crazies you’re just never gonna get to interact with any Bitcoin dev at this point - people gotta protect their time. View quoted note →

And so Bitcoin loses yet another person who invested nearly a decade learning its intricacies so that they can meaningfully contribute. At this rate we’re not gonna have anyone left who’s qualified working on Bitcoin. Wonder how much people will love it when the chain randomly splits because of poorly-maintained code. At least lightning security was improved 10x in the interim, I suppose.

GitHub

drop my key from trusted-keys by glozow · Pull Request #34517 · bitcoin/bitcoin

As planned! Also bump trusted-git-root to 88a7294, which is the last merge signed with this key. EDIT: I didn’t plan to write a "statement&q...

Man it’s disappointing to, yet again, watch bitcoiners eat each other alive and drive great people away. Bitcoin is so much worse off for it, we could have so much more…

Yall ain’t got nothing on this sleep

While we cannot make this decision on behalf of a theoretical future Bitcoin community, I think burning vulnerable bitcoin is inevitable. First of all, I think it’s the right decision. In a world where a CRQC (cryptographically relevant quantum computer) is on the short-term horizon, these coins will not remain with their original owners. No amount of hopium will solve that. Instead your options are only (a) freeze or (b) let some CRQC owner eventually steal them. I definitely prefer (a). Luckily, it doesn’t have to be a lot of coins - any addresses which were created from a standard seed phrase + HD derivation can be recovered with a QC-safe ZK proof. It’s only the very very old coins (or more esoteric wallets) that would be frozen. Finally, it’s worth pointing out that I think this is inevitable. In a theoretical future where a CRQC is on the horizon, both forks will exist. The market will ultimately decide which bitcoin they value more - one with an extra million coins of supply as the CRQC owners steal lost coins or the one without. I cannot imagine the market preferring the former. View quoted note →

I think most Bitcoiners haven’t fully grokked how much work Gloria (and Greg Sanders and others) did to get package relay and zero-fee anchors and TRUC over the line and how absolutely critical this work is to Lightning, Ark, Spark, and nearly everything bitcoiners are going to be using over the next few years.

Bitcoin is going to zero if this fork activates. A few devs deciding it’s okay to seize people’s money just because they use the same feature as some spammers use isn’t even remotely bitcoin. View quoted note →