Bitcoin Development

CTV + CSFS: a letter to the technical bitcoin community

An open letter signed by technical members of the bitcoin community calling for the final review and activation of OP_CHECKTEMPLATEVERIFY and OP_CH...

I'm curious if any of the bewildering array of testnets have csfs activated; ctv has been available to play with for years. I guess I could just check out pr 32247 if i really wanted to and try it on regtest.

I was just reflecting on Peter Todd's argument in [1] and thinking what are the realistic possible endstates for Bitcoin in these terms. The first is along the lines of what Peter is implicitly advocating: adding a tail emission with, asymptotically, a fluctuating supply (because loss rates will fluctuate, for whatever reason). Note "fluctuating" does actually mean it will sometimes go down as well as sometimes go up (though that won't be measurable). Read the article carefully to get the point; if you're not comfortable with first order differential equations, no worries, he explains the point after writing the math. And if you still don't get it, ask me, I can explain. The second possible endstate is "fuck that" and supply endlessly goes down, *but* we have a mechanism to hard/soft fork such that we divide sats into smaller and smaller units. I think this is what a lot of people hope will happen. The third one is the funny one: all software changes end (ossification) but supply keeps going down. Sats are worth 10 squillion dollars, but at some point, nobody has any any more. (of course in reality a fourth option, which we can't envisage, is what will actually happen, but where's the fun in that). [1]

Surprisingly, Tail Emission Is Not Inflationary

At present, all notable proof-of-work currencies reward miners with both a blockreward, and transaction fees. With most currencies (including Bitco...

La semana pasada tuve la oportunidad de asistir a otro Bitdevs (una mas!), esta vez en Córdoba, Argentina. Me impresionó mucho lo que ofrecen. Primero, Trevor ( @RunningBitcorn ) tiene una escuela de bitcoin allí ( @npub12m8g...395m ); tienen clases de miprimerbitcoin para principiantes (si entendi bien; de hecho, es parte de la "red de Nodos", como ves aca: https://es.myfirstbitcoin.io/red-educativa-nodo/). Es un espacio grande y lindo con carteles y otras cosas con un tema de Bitcoin. Pero el Bitdevs en sí fue perfecto, sobre todo porque de los aproximadamente 15 asistentes, creo que unos 10 eran estudiantes locales de entre 20 y 25 años ... jovenes son la futura etc etc. También tuve la oportunidad de charlar con @lontivero (y practicar mi espanol por supuesto..). Probablemente no es una sorprsea que hablaramos principalmente de OP_RETURN ;) Y después, habia un "asado", un clásico argentino (y rerico también!). Recomiendo visitarlo si están en Córdoba. A propósito... hay un evento allí mañana:

X (formerly Twitter)

Bitcoin School 🇦🇷 (@BitcoinSchoolAR) on X

Mañana sale Modulo 3 de nuestra clase en conjunto con La Universidad Siglo 21 con speaker invitado, experto en autocustodia, @lontivero. Se trata...

#hispano #Argentina

This is apropos of nothing really, but: do you remember that phrase "reply guy" that was popular on twitter a while ago? The idea of that phrase as an insult is so revealing about the dynamic of that type of social media. Going back 20 years, discussion on the internet was on fora like IRC (not much even then), usenet (already mostly died out by then), mailing lists, and especially, web forums (like bitcointalk). Everything had the commonality that there was just a linear flow of messages (chatrooms) or a linear flow of threads, with threads existing so you could keep track of a particular conversation; but in that conversation, time ordering was still preserved (except for the batshit insane people who came up with the idea of time-reversed conversations in fora, but they were not common thankfully). The whole idea of *quote*-tweeting (or quote-noting here) is kind of dodgy from the point of view of polite social interaction. Even so, it's very tempting, for very reasonable reasons: conversations here on amethyst and perhaps on other clients, are quite, quite hard to read properly, and replies are somehow "lower status" - I think? - in terms of discoverability. On Twitter as far as I know (I stopped using it many years ago, but continued reading often), it became a big habit for people with more clout to "overwrite" a message from the less cloutful by quote-tweeting them to give their own version of the story. Using replies is I guess an indicator of lower social status ("reply guy"). If this ramble has a point, it's this: can our nostr clients make replies (a) readable in nested threads better and (b) have the same "status" somehow as quotes so that people don't gravitate to this mode of conversation?.