thinking about talent/eocsystem mismatches 🤔

new @Base58⛓🔓 class just dropped: building bitcoin bots to snipe the mempool 🔫 online Tuesdays in March https://base58.school/classes/bitcoin-bots

over my posting quota for today but recently was reminded that my existence in bitcoin as such is more or less one more contribution of Blockstream to the ecosystem 😆

ossification is a terrifying thing if you’re young and view it as the old guard shutting out a path for you to take to make a mark on the world

sometimes it’s like “nifty why aren’t you into the cool new thing” and it’s like hello have you not been paying attention?? ive made not being into the new tech thing a personality trait my blog is called basicbitch.software for a reaaaason

covenants scale bitcoin by making promises to pay you. typically these promises are ones that you can verify because they’re written into the chain those promises risk becoming “unenforceable” where youve been promised bitcoin that is forever uneconomical to ever claim outright. It’s worth paying attention to the talk about how easy it is to add fees later to different covenants designs, etc. who pays the fees to make good on that “promise” of the bitcoin belonging to you is generally an open question, and the ability to do so (and how) is under active research/exploration right now (imo) an old theme of layer-2 design is “whos permission do you need to exit”; covenants add the additional question of “how much does it cost to exit” a lot of the L2 protocols that “use” covenant primitives (in whatever form) rely on the idea of swapping ownership of those promises. how you update the underlying contracts to reflect that changed ownership is where the protocol design comes in maybe something worth using as a lens when comparing different protocols that rely on covenants “to scale”

vgr wrote an incredible piece about internets and beefs; i fully believe the way out of mooking is learning the primitives a la a Base58 class or something else that gives you hands on experience with the raw stuff

The Internet of Beefs

this is why i started @Base58⛓🔓

fun fact: the “1” in secp256k1 denotes the number of subgroups for the curve (eg there aren’t any) subgroups massively undermine the security of a crypto system!! (you avoid them by picking a prime as your field) View quoted note →

I don’t really think of myself as an “educator”, I’m really more of a nerd who will explain you anything if you give me a whiteboard chief of explanations 🫡

s/o to my dad who has a knack for showing up at the right moment despite himself 😂