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Bitcoin Dad
bitcoindad@nostriches.net
npub1vqdw...upvj
I like Bitcoin, Banjo, and Being a dad.
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Bitcoin Dad 8 months ago
What's the point of #nostr if all we talk about is #nostr?
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Bitcoin Dad 9 months ago
Trying to figure out if @Liana Wallet is right for me. I currently use a geographicially distributed 3-of-5 multisig to avoid single points of failure as well as a wrench attack. What I would love to be able to do is time lock a majority of the funds to dissuade attackers from coercive attacks (i.e. kidnapping a loved one). A multisig doesn't help here if the attacker knows I can gather a quorum of keys in a reasonable amount of time. However, a time lock of 3 months or more makes this attack much more costly since it's hard to hold a hostage for that long. So my questions here: 1. Liana is open source. Do we know how many people are reviewing this code? 2. Can you look at a time locked address on chain and prove that it's time locked? 3. Once a time lock expires, are there any on-chain transactions that must happen? This is in regards to the unpredictability of future fees. 4. This is fairly specific, but could you do a 3-of-5 multisig time locked for 3 months (or block equivalent) and then have a reversion to a single sig in a year (i.e. a recovery key)? Basically asking if double time locks are possible on the same UTXO.
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Bitcoin Dad 1 year ago
For those who have been stacking during the bear, the bull market is a great time to de-leverage. Maybe take some time off from stacking to pay off your debts, including mortgages. Is this the best way to maximize fiat returns? No, but there's a certain calm that comes with knowing that you are not financially beholden to anyone.
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Bitcoin Dad 1 year ago
The most recent high profile physical attack on a bitcoiner that took place in Toronto this past week has made me once again examine my physical security and my Bitcoin security. I use multi-vendor, geographically distributed multisig. If you kidnap me, you've got to bring me to at 3 different places which are open and public places. This could take over 24 hours time. It's probably not worth the risk of you getting caught in the process. But what about kidnapping me (or worse one of my family members) and holding me/them in a secret location until someone ELSE gathers the keys? THIS seems plausible. We need to be able to timelock our Bitcoin to prevent this type of attack. I know that timelocking is currently possible (see Liana wallet), but I believe that you have to create a new on-chain transaction to "reset" the timelock for every expiry. This isn't practical or efficient in the long term. So my question: what type of upgrades are needed to the Bitcoin code in order to timelock a UTXO upon the signing of a new transaction? In other words, I sign a transaction for a ransom, but it doesn't send for a certain number of blocks. It is also reversible with an additional signature. And this is all verifiable before the signing even occurs to deter the transaction in the first place. Tagging some big names to get a discussion on the topic: @Guy Swann @Lyn Alden @npub1s5yq...6q7z @Peter Todd @Peter McCormack @Jameson Lopp @DETERMINISTIC OPTIMISM 🌞 @calle @miljan @ODELL @Bitcoin Mechanic @Gigi
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Bitcoin Dad 1 year ago
Operation clown world has commenced. A government who is running a deficit somehow has the money to buy back bonds. This is all pre-election shenanigans. The shit will not hit the fan until after 11/5/24. image
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Bitcoin Dad 1 year ago
Re: recent events surrounding Samourai wallet. Government: #Bitcoin is property and subject to capital gains taxes. Also Government: you may not obfuscate your #Bitcoin transactions because that is money laundering. So which is it, fuckface, property or money?
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Bitcoin Dad 1 year ago
M2 supply starting to trend up again despite interest rates being high. I think this is what @Lyn Alden means when discussing fiscal dominance. I'd expect inflation to continue to hover if not trend up. Buy #Bitcoin image
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Bitcoin Dad 1 year ago
Can someone explain to me why @ODELL posts like a boomer with all caps and punctuation? Did I miss something a while back on this?
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Bitcoin Dad 2 years ago
Can we get a @gladstein vs Warren debate? I want to see Alex rip her a new one as she comes out as a closet authoritarian.