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Cipherhoodlum
npub1u2ny...uzde
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Cipherhoodlum 7 months ago
#Bitkey Not an innovation because it repackages the same server-assisted multisig model already used by wallets like Green. Bitkey uses a 2-of-3 multisig with one key on the mobile app, one on the hardware device, and one held by Block. While users can recover funds without the server if they retain both devices, any loss requires vendor involvement. The open-source client and reproducible builds do not remove the trust dependency on backend services. Unlike Bitkey, Green offers a 2-of-3 setup with an offline backup that allows recovery without contacting the vendor. Bitkey shifts complexity into a user-friendly flow but offers no meaningful
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Cipherhoodlum 7 months ago
Proof of Reserve maximalist but demanding privacy 🤣 LMFAO
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Cipherhoodlum 7 months ago
Bitcoin is the quietly typed, mathematically enforced way of saying f*** you without raising your voice 🌹 image
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Cipherhoodlum 7 months ago
People trusted banks to hold their money and governments to protect its value. Both failed. In 2007, Northern Rock collapsed. Withdrawals were frozen. In 2013, Cyprus seized deposits. In 2022, Canada froze accounts. In the UK and US, central banks printed trillions. Inflation followed. The rules changed. The value dropped. Access was denied. Bitcoin does not change the rules. It does not inflate. It does not freeze. It runs on code. Ownership is defined by keys, not permission. That was the problem. This is the solution.
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Cipherhoodlum 7 months ago
10,000 BTC for two pizzas might seem expensive now, but without that transaction, we might still be asking if Bitcoin could ever buy anything. image
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Cipherhoodlum 7 months ago
@jack congrats! If Cash App truly supports Bitcoin’s ethos, why does it default to custodial wallets instead of empowering users with self-custody by default? Why are withdrawal limits and Lightning caps still in place when Bitcoin was designed to be permissionless? If Bitkey is a step toward sovereignty, why isn’t it promoted more aggressively within Cash App? What concrete steps are being taken to educate users about the importance of private keys and running their own nodes? After the recent regulatory settlement, how can users trust that their Bitcoin won’t be frozen or surveilled under pressure? Why is interoperability with the broader Lightning and Bitcoin ecosystem still limited, and what are you doing to change that? If Bitcoin is about freedom, should a platform like Cash App act more like a gateway to that freedom rather than a gatekeeper?
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Cipherhoodlum 7 months ago
Steak ‘n Shake > Block Bitcoin intergration is not complicated
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Cipherhoodlum 7 months ago
Congrats on proving that Bitcoin’s worst enemies don’t work at central banks but they’re just clowns with OP_RETURN access. 1 meg of zero-value junk, broadcast at global expense, so your JPEG club can feel clever. You’re not testing limits. You’re testing our patience. image
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Cipherhoodlum 7 months ago
@MARAHoldings led by @fgthiel enforced in the past government censorship only OFAC compliant blocks Now they are supporting to mine spam via slipstream This has to stop
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Cipherhoodlum 7 months ago
Congrats on proving that Bitcoin’s worst enemies don’t work at central banks but they’re just clowns with OP_RETURN access. 1 meg of zero-value junk, broadcast at global expense, so your JPEG club can feel clever. You’re not testing limits. You’re testing our patience. image
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Cipherhoodlum 7 months ago
Bitcoin Core is a widely used implementation of the Bitcoin protocol but it’s not Bitcoin itself. Bitcoin is a set of consensus rules enforced by a decentralized network. If Core deviated from those rules, the network would reject it. Bitcoin is defined by code + consensus, not by a repo.
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Cipherhoodlum 7 months ago
Bitcoin’s security and decentralization hinge on affordable full validation. Spam exploiting witness and OP_RETURN fields inflates the UTXO set and burdens nodes with non-monetary data that persists indefinitely. This degrades RAM efficiency, slows IBD, and undermines mempool dynamics. Relay policy isn’t censorship but it’s protocol hygiene. Refusing to filter junk is not neutrality but it’s passive permission for long-term harm.