Developer, crypto enthousiast
Joined March 2010
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Altcoin Live retweeted
Bitcoin Core v32.0 is targeted for release in October:
- Up to 3x faster initial sync. Block validation now fetches transaction inputs from disk in parallel instead of one at a time
- The libevent external dependency is fully removed, continuing Core's push to cut third-party dependencies
- Max peer connections raised from 125 to 200 to have more open slots for new nodes to sync from, faster block propagation, and a harder network to eclipse or partition
- Mempool-based fee estimation to cut fee overestimation (in progress)
- Transaction relay rate limiting is now global instead of per-peer, keeping a node's CPU and memory usage steady when transaction volume spikes
- Ships with features from libsecp256k1 0.8.0 with verification up to 11% faster, plus the new Silent Payments module (BIP 352)
- PSBTv2 (BIP 370) support, now the default for PSBT-creating RPCs for better coordination of unsigned transactions for multisig and hardware wallet setups
- New exportwatchonlywallet command to export a wallet as a watch-only file, no private keys, and restore it on your online node
- Core now enables Tor's proof-of-work DDoS defense on the onion service it creates for your node, where the Tor daemon supports it
Additional tests, bugfixes, and features included as well.
Feature freeze is ~August 20, rc1 ~September 10, final release targeted for ~October 10. (Test the release candidates when they ship!)
Altcoin Live retweeted
JUST IN: SAMOURAI #BITCOIN DEVELOPER KEONNE RODRIGUEZ JUST SPENT HIS 1st NIGHT IN PRISON
RT IF YOU WANT TRUMP TO FREE HIM TODAY 🔥
Altcoin Live retweeted
If Core had just increased op_return incrementally to the limit that Citrea needed (156 or something), there likely would not have been much of a fight against it.
Instead, they blew out the limit to 100,000 which was a terrible idea and absolutely did not have rough consensus.
Altcoin Live retweeted
OP_Return2 - Overview
With intense debates over the default OP_Return relay limit continuing, some have suggested OP_Return2 as a potential solution. We have summarised our understanding of OP_Return2 below.
OP_Return2 is a new proposed transaction output, that contains a hash commitment to up to 8MB of arbitrary data, but the arbitrary data itself is not required by nodes to check if a block is valid. Therefore full nodes and miners do not need to validate, propagate or store the extra data. Miners would just ignore the arbitrary data and therefore it would not contribute to mining centralisation pressure.
OP_Return2 is a softfork change to the block weight formula as follows:
8 * base data + 2 * witness data + "claimed" OP_Return2 data store < 8 million units
Special full data archive nodes can relay and store the extra arbitrary data, if they can find the data or if the data even exists. The consensus rules would only require that the amount of extra data is specified, the consensus rules don't actually require the extra data itself. A fee to the miners is then paid based on the amount of data specified in the transaction. This is a new compromise option for data.
Potential Disadvantages
* It is not clear if anyone would be willing to pay a fee for this extra data, if there is no reason for miners or full nodes to store the data. This new feature may not offer that much more than OpenTimestamps for example, but it would be much more expensive per byte.
* It might be unnecessary to do a softfork and change the weight formula, when it's already possible to put a hash of data in the Blockchain and to use a separate storage system/network.
* The extra spam data can still outbid legitimate payment related transactions and receive a steeper fee discount per byte. The size limit is now 8MB per block. Therefore, 8MB of spam images could outbid legitimate transactions, for the same cost as a 4MB inscription in the Taproot witness.
Altcoin Live retweeted
This whole topic of censorship is such philosophical diarrhea.
All protocols by definition discriminate based on their designed function and purpose.
Bitcoins identity is a protocol for money. That means it was designed to function as money and discriminate against other potential uses.
The fact that it does not function for anything else without abuse or attacks is not censoring for the same reason that there isn't a Q&A section in the middle of an opera. The producers aren't censoring the audience from asking questions. It isn't in the fucking protocol.
Bitcoins identity as a protocol is discriminatory to anything but money.
Eating soup with a fork doesn't make it a spoon.
Bitcoin is money. Anything else is abuse which does not redefine the identity.
Altcoin Live retweeted
Je zult wel een diepgevoeld mea culpa aan het voorbereiden zijn jegens ‘de journalistiek’ nu je zo’n voorspelbaar foute en bizarre beschuldiging gebezigd hebt. Toch?
Altcoin Live retweeted
That's 0.07% of global energy use (comparable to many other random industries, and often using otherwise wasted/stranded energy).
Its service is that it gives people an alternative for when the IMF comes and makes a deal with your country's govt to devalue your currency. 😉
Bitcoin consumes as much electricity as Argentina but isn't counted in GDP because it doesn't create traditional goods or services. The updated System of National Accounts classifies crypto assets as national wealth for better economic measurement. imf.org/en/Blogs/Articles/20…
Altcoin Live retweeted
Trump helaas niet gespot in Den Haag... maar Kim Jong-un wel! #navotop
