sheesh. today is a day of stupidity.
good thing i've got other things i should be doing *nudge nudge* *geddonwithit*
mleku
_@mleku.online
npub1mlek...x3q5
founder of the gopher milk factory https://geyser.fund/project/gophermilkfactory
Go and Bitcoin maximalist remnant living in Madeira and working to help the free humans connect with each other.
the next big area of development of #bitcoin will be around the mempool.
currently it uses a naive gossip protocol to distribute transactions, but it would be possible to add new mechanisms to this while not affecting those that don't adopt it, but adding solutions for problems introduced by segwit and RBF.
it also could potentially lead to solutions for LN and other L2/L3 systems that are badly affected by the simple gossip protocol used by the mempool.
LN showed that two party transaction update games can become relatively secure. there should be ways to make multiparty transaction update schemes secure as well, which would enable some parts of LNs benefits directly in the bitcoin network instead of at a second layer.
#segwit is the spawn of satan.
we didn't need it for lightning, lightning already had all the tools required.
it enabled the current spam scamming ordinals and bitmap theory bullshit.
it was underspecified, it gave no limitations on the size of transaction witnesses.
schnorr signatures and a sane nonce-based signature protocol would have fixed malleability better than segwit. literally could have just been an extra 8 bytes with a fixed 64 byte signature.
it would have obsoleted multisig transactions completely
it would make lightning and other layer 2/3 anchoring transactions indistinguishable from others
it would have made coinjoin and payjoin protocols more private and easy to implement.
all of this is of course wishful thinking. we have got taproot now, which can enable most of that, but we have got a huge problem of miner-beneficial spammy transactions that are diminishing the utility of on chain transactions by inflating fees, and increasing the data size requirement of the chain.
when the bull run comes, it's not gonna matter so much, but the halving is still 3-4 months away and at that point the miner driven pumping of scams to fill blocks will start to slow down until next time.
and maybe someone will come up with ways to defeat the scammy shit.
i personally have my eyes on working on changes in the soft consensus of the mempool, changes that will be compelling and lead to a shift in focus away from the chain and more into the live transaction stream.
haters on X: bitcoiners should stop talking about seed oils, carnivore diet, paleo, conspiracy theories, social conservatism.
haters on nostr: nostriches should stop talking about bitcoin. talk about something, anything else.
no! but not carnivore, seed oils, conspiracies, orthodox social theories.
wait, what happened to the problem of us talking about these other subjects?
in what way did all the rest of our favourite subjects change in frequency and composition since we moved here?
haters need to go fuck themselves.
that's why feed control is client side on nostr. they are doing their hating for engagement and thus prominence and thus free advertising.
unfortunately still most nostr users don't get the issue at hand and still act like we should have our clients mistreat us the same way as facebook and xitter do.