Amadeus
Midwit Amadeus | LNHANCE

https://amadeusexmachina.com/2013/03/25/bitcoin-or-how-i-learned-to-stop-worrying-and-love-transaction-history-hashing/

Public Key

npub1qtu4qecmnmyudfh6h4gveywg3ngz0fepgk8qmrcytghpn6vyyflsp9nxnj

NIP-57 Address

noisydingo2@primal.net

Profile Code

nprofile1qqsq972svudeajwx5mat65xvj8yge5p85us5trsd3uz95tseaxzzylcpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmq9rr69y

Publishing to

nostr.bitcoiner.social

Author Public Key

npub1qtu4qecmnmyudfh6h4gveywg3ngz0fepgk8qmrcytghpn6vyyflsp9nxnj

Show more details

Last Notes

2024-05-19 01:16:04

- reply

The echo chamber grows

2024-05-15 21:15:47

- reply

Oh I don't blame acinq for pulling out of the US, but it's a symptom of the design of the open source software the network currently runs on. Upgrade the software, change the network and improve the incentives for better outcomes.

2024-05-14 16:36:09

- reply

Building an emerging technology without access to the US market doesn't seem alike a reliable recipe for success. Enabling greater scaling and privacy control on L1 to make more useful L2s so permission isn't required looks like a better option to me.

2024-05-13 23:59:00

- reply

Sound money is a means to an end, not the end in itself. The goal of cypherpunk cash is to improve the chance individuals have for preserving freedom against arbitrary aggression. Who gets access is a critical question. Dollars are sound money for those who have access to cheap credit, but the Cantillon Effect isn't exactly something we're rooting for. Thus the question of who gets access is quite important in the quest for sound money.

2024-05-13 22:31:29

- reply

Did you notice that LSPs are increasingly unwilling to do business in US? Makes it all the more important to enable L2 scaling with interactive, permissionless self-custody. This is what covenants are for...

2024-05-13 19:32:43

- reply

No enterprise controls it, but when an entity decides to sink real capital into a long term project, they need to figure out what the return on capital is to grok how viable the mission is.

2024-05-13 18:09:31

- reply

What constitutes medium amounts?

2024-05-13 18:08:57

- reply

That doesn't answer the question though. Who get's access?

2024-05-13 16:11:22

- reply

When enterprises think about building infrastructure, they often consider the question 'is there a viable engineering path to the necessary requirements for our service?' Capacity is often built before demand so that other entrepreneurs can use said capacity to build services that bring usage.

2024-05-13 16:05:50

- reply

Jpegs have nothing to do with taproot.

2024-05-13 16:04:59

- reply

Sound money for whom?

2024-05-13 16:04:28

- reply

L1 does not support the creation of the hundreds of millions of channels necessary for decentralized lightning usage. Covenants provide shared UTXOs, which helps scale and provide privacy.

2024-05-13 16:01:29

- reply

These are not mutually exclusive. Covenants deliver UTXO scaling, which improves privacy.

2024-05-13 16:00:32

- reply

👏

2024-05-12 22:35:17

- reply

To scale with L2s, changes to L1s probably need to occur. Lightning whitepaper included 150MB block sizes. There aren't enough TPS to open lightning channels for 100s of millions, let alone billions of users.

2024-05-12 22:33:17

- reply

1. Complexity: Implementing CTV and designing smart contracts that leverage its capabilities can be complex. This complexity could lead to bugs or vulnerabilities if not done carefully.
2. Increased transaction sizes: Using CTV often involves creating transactions with many inputs and outputs, including decoys. This can result in larger transaction sizes, which may lead to higher transaction fees.
3. Limited adoption: The privacy benefits of CTV are maximized when many people are using it. If adoption is limited, the anonymity set may be smaller, making it easier to trace transactions.
4. Regulatory concerns: The enhanced privacy features of CTV could attract regulatory scrutiny, as governments and law enforcement may be concerned about potential use for illicit activities.
5. Fungibility concerns: If CTV transactions stand out from regular transactions due to their distinctive structure, it could potentially harm Bitcoin's fungibility if they are treated differently by exchanges or other entities.
6. Wallet support: CTV requires specialized wallet software that can handle the creation and signing of covenant transactions. Not all wallets may support this functionality, limiting accessibility for some users.
7. Irreversibility: If a mistake is made in a CTV contract, such as sending funds to the wrong covenant address, it may be impossible to recover the funds since the spending conditions are enforced by the contract.

2024-05-12 22:19:11

- reply

UTXO sharing with Bitcoin covenants like CheckTemplateVerify (CTV) can improve on-chain privacy in a few key ways:
1. Shared ownership of UTXOs: With CTV, multiple parties can jointly own a UTXO in a way where all their signatures are required to spend it. This makes it harder to trace ownership and spending to a single entity.
2. Obscured transaction graphs: When a UTXO is spent that had shared ownership via a covenant, it breaks deterministic links in the transaction graph. Outside observers can't easily connect the inputs and outputs, improving privacy.
3. Decoy inputs and outputs: CTV allows the creation of transactions with many decoy inputs and outputs not actually involved in the transfer of funds. This makes it much harder to determine the true sender, recipient, and amounts.
4. Concealing address reuse: Normally, reusing a Bitcoin address harms privacy by making it easier to link transactions. But with CTV, UTXOs can be spent back to the same covenant-controlled address without revealing that it's a reused address.
5. Privacy-enhancing protocols: CTV enables the trustless execution of privacy-focused smart contract protocols on Bitcoin like CoinSwaps, payment channels, atomic swaps, and certain forms of CoinJoins. These can leverage the UTXO-sharing capabilities of CTV.
So in summary, CTV allows a form of obfuscated, multi-party UTXO ownership that makes it very difficult to trace the flow of funds, link addresses, or determine true senders and recipients - providing a significant boost to on-chain privacy when used correctly in Bitcoin transactions and contracts. The privacy benefits compound as CTV adoption increases.

2024-05-12 21:44:54

- reply

Coinbase has some of the worse withdrawal fees.

2024-05-12 21:41:31

- reply

CTV has been discussed publicly for over 4 years, how long is enough? At what point does 'waiting for major consensus' look like bikeshedding? Waiting forever to upgrade also has tradeoffs that must be considered, it causes increased adoption and building of custodial solutions that undermine decentralization.

2024-05-12 21:38:31

- reply

Covenants help both scaling and privacy.

2024-05-10 17:00:19

- reply

Bingo. Libertarianism is as utopian as socialism in that it presupposes a kind of uniform personality that does not exist in aggregate. We appear to be too stupid and selfish for such systems, and so it's not a reasonable prescription in practice. A crypto-maxarchy that seeks to create as many digital sovereigns as possible may be the only solution by carving out a cyber Galt's Gluch for the inventive low time preference minds to congregate and build.

2024-05-08 04:09:35

- reply

Godspeed.

2024-05-07 23:18:12

- reply

Sure, Molly is an excellent guide, but she doesn't always unpack the personal stuff in the unconscious that tints our lens. Yage, wachuma and the other visionary ceremonial plants have a whole other dimension that can really change a person for the better, not just triage their trauma. Just my 2c of course, YMMV.

2024-05-07 22:57:22

- reply

Ha. Do more entheogens.

2024-05-07 22:51:33

- reply

🤣 What do you hate?

2024-05-07 22:19:26

https://m.primal.net/IERH.png On a scale of retarded to silly, where is this?

2024-05-02 01:15:54

- reply

running a routing node as a Tor hidden service introduces 6 hops between the client and service. the increased latency, timeouts, and failure rates associated with just these 6 hops has been enough for routing nodes to forego allocating liquidity and serving clients over Tor
if the average number of routing node hops per lightning payment is something like 3-6, and if all routing nodes in the chain were to run as a hidden service instead of clearnet (which i think Leo is proposing here), then all of a sudden that's 18-36 hops, which would dramatically increase latency, timeouts, and failed requests
that said, just because there's an ungodly amount of hops doesn't mean it's not feasible. there's just no commercial incentive today since the market is so niche and operating an LSP - even over clearnet - hasn't been a particularly lucrative endeavor to date
congestion among the Tor network is also a factor, but incentivizing folks to run more Tor nodes would introduce a new set of regulatory risks that doesn't exist today, and i'm dubious that there exists a strong enough commercial incentive in the near-term

2024-05-01 23:25:41

- reply

Lol, I have no idea how to use this app still.

2024-05-01 23:23:41

@nvk silly, awful, or both?
https://m.primal.net/ICHQ.png

2024-04-29 14:24:36

- reply

Tor latency is not ideal for order routing.

2024-04-25 04:07:26

note1den70hpaptvzcstyq5uvfjcaa7cax06th9wtjvt06epra37pqdpq96n3yw

2024-04-15 00:37:31

- reply

How come?

2024-04-05 13:25:01

- reply

Movie watcher

2024-04-04 14:13:56

IYKYK
#note134z…3ja2

2024-04-04 14:12:42

- reply

sadhu sadhu sadhu

2024-04-03 20:32:55

- reply

Which do you prefer, an asset that rises or falls in value across spacetime?

2024-04-02 01:25:12

- reply

So is giving up.

2024-03-24 15:04:12

Of course it could be spurious...
https://m.primal.net/Hnwm.png

2024-03-09 02:43:21

Bitcoin – that crazy beautiful digital money entirely disconnected from the machinery and authorities of the Establishment’s fiat world. A pure cypherpunk concept, spawned by shadowy coders drunk on decades of combusting freedom philosophy and liquid cyberspace. It arrived as a luminous stranger into all our dazed lives, hitchhiking across the internet’s backroads with a wild thumbed MESSAGE scrawled on a cardboard sign: “DECENTRALIZE”.
Right from the start it felt motived by inexplicable cosmic forces, you dig? Bursting through blast-patterned p2p networks without asking permission, a big vinegary middle-finger to any would-be centralized masters trying to shake down the people’s finances anymore. This Bitcoin slipped alongside The Machine’s rulebook in a ballsy outsider maneuver too far-gone to be smothered by legislation or cashed-up startups trying to tame its black magic cryptography.
It seeped anonymously into our freak realities, radiant but formless – a peculiar rupture in the old paradigm where verifiable digital scarcity could actually be materialized ex nihilo. Out of nothingness! Through sheer thermodynamic stamina and resilience of a worldwide swarm of nodes all chiming in consensus, building an immutable blockchain ledger to record its arcane but unbreakable rules.
Freedom from the Moneychangers, the Scribes, the High Priests of Fiat! Bitcoin dispensed with pesky intermediaries, redistributing economic truth to the fringes. Whispers spread across cyberpunk mailing lists and hacker deserts, glittering from seedy chat rooms to the Silk Road’s digital kush oases. A Gnostic understanding of separation from old money’s establishment cults which had imprisoned us behind financial firewalls for aeons.
Bitcoin heralded a new psychic economy dished up by nobody – a way of exchanging value without implicated entities or governments mucking things up. Its obscure technobabble inscriptions were instantly recognized by bone-deep cypherpunks, dissident academics and coder guerillas fighting for sound money since Nixon divorced the dollar from gold’s disciplining physical scarcity.
The matrix had birthed a paradigm shift, a glowing new salted lifeform unbound from nation states or banks or identities. Unconfiscatable, anonymous, natively trans-national and open to all. To the so-called 99%, Bitcoin posed a crip-cusser techno-agrarian reset – a chance to discard the perverted rat’s nest of interest rates and fractional reserve banking enslaving us since the dawn of the physical bronze-age ledger. But did the blindered masses even grok what was taking root in their midst?
Wake up, you morlocks! Bitcoin’s miraculous emergence heralded a personal freedom revolt already soldered into its cryptographic DNA. By diffusing monetary authority across a neural decentralized network, it dissolved humanity’s collective conditioning based around inflating fiat currencies over centuries. One day whole generations born into Bitcoin would feel no such victimization from upwardly spiraling scarcity and erosion under dictated money supplies.
While we remained trapped in Cronied-up industrial age money supplies cooked up by a few drunk Wizards with capped teeth and Harvard drinking mugs, Bitcoin offered a sober escape vector. Step by step, block by block, it pioneered a new global reserve currency governed by tireless PoW mining instead of Mandarins or cabals. No longer could mere mortals abuse financial gods’ exclusive privilege of hyperinflating money supplies until regular workers drowned in systemic debt slavery.

2024-03-01 21:51:54

- reply

You called?
https://m.primal.net/HdfF.png

2024-02-27 14:53:15

- reply

Order one now and I'll deliver it to you the next time we're at Sanjays :)
https://m.primal.net/HfcW.jpg

2024-02-27 00:01:29

Need these made in W
#BIP39
https://m.primal.net/HfUw.jpg

2024-02-19 22:32:35

- reply

salt right? water with salt?