🗝️Nullius In Verba⚖️ #Adversarial Maximalist | #Bitcoin Rationalist | #Privacy Activist | Creator of Ibis wallet and Mempal: github.com/aeonBTC/
Server
- Tweets 14,956
- Following 2,478
- Followers 3,597
- Likes 28,810
🪽Ibis Wallet 4.0-beta is here!
Highlights:
⚡Spark as a new Layer 2 option
🔐 Multisig wallet support
🕶️ Pay to Silent Payment address
📈 Historical BTC price data
🌍 Russian, Spanish, and Portuguese (Brazil) translations
Download here: github.com/aeonBTC/IbisWalle…
11
9
52
3,508
Currently #Dogecoin is beating #BitcoinCash in on-chain tx volume. Goes to show that #Bcash is nothing but marketing gimmicks and sockpuppets trying to confuse uneducated investors.
42
332
765
Just realized that "fee market" is a complete misnomer. There are no "fees" in #Bitcoin.
When you send a tx you aren't paying a fee, you are simply bidding to purchase blockspace.
Miners sell blockspace and user purchase it.
Its a blockspace market.
61
94
663
94,101
Forget Binance
Forget CZ
Forget the ETF
Forget L2 scaling
This is the most important news story in #Bitcoin right now. b10c.me/observations/08-miss…
13
54
201
34,424
If you are is interested in banning all currently known @BitcoinKnots nodes from connecting to your #Bitcoin node, the resources you seek can be found here.
github.com/aeonBTC/Knots-Ban…
175
35
200
184,874
$UST bank run in progress. Imagine being a Bitcoin maxi and celebrating the @stablekwon ponzi buying BTC that it will eventually have to dump on the market. Hats off to people like @coryswan for calling out this garbage when very few did.
Massive withdrawals from Anchor Protocol past hour, frequency increasing
There's only $300MM left of exit liquidity left on pool 53 before BTC peg
Hope this isn't how it starts -- on a low liquidity weekend
30
24
176
In case you were confused, this is not a good thing. This is where mindless maxi hodl narratives lead, a network with less censorship resistance.
Demand for blockspace (specifically black market) ultimately secures the #Bitcoin network from censorship. No fees, no security.
67
11
181
52,937
The state is well aware of this attack vector.
Advocating for government approval and regulation of #Bitcoin mining is a reverse trojan horse that can lead to on-chain censorship.
White market hash is 100% a security risk.
The only secure hash is unknown (black market) hash.
20
30
170
24,460
Default #Bitcoin Core block template vs @ocean_mining block template.
-0.15 BTC / -$6600 / -17% less fees for ocean pool users.
Economically irrational behavior does not fare well in free market environments.
30
33
164
31,441
These people are just advertisers for big pharma. Broad immunity means having more than just immunity to the spike protein. Broad immunity comes from your own immune system overcoming the entire virus.
9
6
148
#Bitcoin is just a sidechain for space-time, the pegging mechanism is thermodynamics, and the result is locally verifiable synchronized global coordination.
5
24
137
Spoiler alert: #Ethereum will be censored on the base layer and most won't even care. In fact they will celebrate it.
13
10
134
Bitcoin Maxis: Everything will be built on Bitcoin!
Also Bitcoin Maxis: Nooo! Don't build that on Bitcoin!
19
12
137
9,965
Bitcoin is algorithmically enforced anarchy, there are rules but there are no rulers. Many people cannot stand this fact, they may claim to be anarchist/libertarian/voluntaryist but slowly Bitcoin reveals them.
This phenomenon is also known as Bitcoin Derangement Syndrome.
40
124
99% of nodes on the Bitcoin network do not relay transactions below 1 sat/vB and yet this tx made it into a block.
In conclusion relay policy is meaningless even when the supermajority are enforcing the same policy.
Information wants to be free and it will always find a way.
a few days ago Mara finally mined this 0.1 sat/vB transaction that I started broadcasting via the public p2p relay network a month ago.
it only cost 11 sats!
mempool.space/tx/47be054cb5b…
15
15
106
11,334
Save yourself the trouble of joining team #fixthefilters or running Knots. Its a one-way ticket to clownsville.
You are fighting the free market and you will lose. Value is subjective and people are free to spend their money however they please on a monetary network.
15
16
71
3,944
Recent #Bitcoin block #898161 mined by Penguin w/ #Datum on @ocean_mining stuffed their block full of inscriptions and achieved almost 13% more fees than the expected block.
Now ask yourself this. Why does Ocean market Datum as a solution to spam?
mempool.guide/block/00000000…
18
14
83
14,691
In other news, Samourai Whirlpool is back 🦾ashigaru.rs/news/announcemen…
5
12
98
5,082
A quick search will show you that there are 100s of multi-million dollar shitcoins with absolutely no liquidity.
This is why the market-cap dominance chart is grossly inaccurate.
Factor out all the noise and #BTC market dominance is still well over 50%.
3
30
88
⚒️ censorshipresistant.com ⚒️
I created website that let's you calculate how many small scale miners are needed to guarantee censorship resistance on #Bitcoin.
Cc: @Public_Pool_BTC @skot9000 @SoloSatoshi
13
21
86
10,070
All of these transactions are overpaying fees.
Even at these levels next block fee is only 0.00003100 BTC ($0.15).
Fees aren't high, the fee estimators are...
1. Use wallets with custom fees, RBF, and CPFP
2. Manually check mempool before each tx
3. Optimize for next block.
6
33
84
The #Bitcoin security model.
People who tell you nodes secure the network are wrong and people who tell you miners secure the network are wrong.
Satoshi created a free market for chronologically verifiable computational assurance.
1
5
9
Everyone is looking at fees but its only 10MvB work of TXs and we are back below 100 sats/vB.
Runes will be a major dud, way too much hype and completely devoid of substance.
Same thing is happening that has always happened, #bitcoin is moving from weak hands to strong hands.
7
8
77
6,114
PSA: #Bitcoin fees are lower than they have ever been since 2011. People who tell you bitcoin fees are too high are perpetuating a false narrative.
transactionfee.info/charts/f…
1
11
70
Another reason to stay far away from Knots.
Knots has a mechanism that automatically breaks your node after 2 years and the way Luke has decided to enforce this is by rejecting valid blocks.
This can lead to your node being forked or loss of LN funds.
github.com/bitcoinknots/bitc…
10
7
58
3,995
Veriblock was the project that used BTC txs as a means to secure its own chain, so-called Proof of Proof. This is what happens when you try to ride on the coattails of BTC's success. You get priced out because your coin has no use-case other than gimmicks that profit the founders
3
15
67
The greatest folly of #Bitcoin development was focusing on scaling instead of privacy.
20
7
72
5,857
How is it that so many people hold this guy to such high esteem, even though he constantly lies?
21
6
75
4,647
New spam attack, we must filter these consolidators! This is not legitimate economic activity, they are just sending money to themselves and pricing out the global south!
/s
Filterbois hate the free market, #Bitcoin loves the free market. Demand for blockspace is paramount.
24
9
69
7,884
#Bitcoin is an emergent property of nature, the Internet is as well.
The method in which they function is something nature has been doing since the beginning of time.
3
12
63
You should look below the surface. There is obvious spamming of low fee txs on the Bitcoin network. The majority of the time fees are quite low, its only when miners spam the network to fees skyrocket and blocks are full.
5
21
63
Satoshi Nakamoto drastically changed the world forever without ever needing to visit the ballot box.
2
19
66
Who could have ever predicted that the state would target miners to 51% attack the network and censor transactions? The clowns out there crying about jpegs are completely oblivious to the actual threats facing #Bitcoin.
They want to force miners to censor. @MartyBent @ODELL @Dennis_Porter_
12
13
67
6,804
Practical use cases for OP_CTV (BIP 119).
🧵
1. Vaults: Imagine your private keys are compromised and your coins are at risk of being stolen. With vaults you can set conditions where even if your keys are stolen, the funds can only be sent to an address that you control.
11
15
65
12,591
Two completely centralized companies pretending that their centralized services are making #Bitcoin more decentralized. The irony is inescapable.
Tether to Deploy Hashrate on OCEAN, Advancing Decentralized Bitcoin Mining Infrastructure
Learn more: tether.io/news/tether-to-dep…
4
7
57
3,328
If full blocks "breaks" #Bitcoin, then Bitcoin was already broken.
9
1
59
3,310
The only thing that guarantees the security of #Bitcoin in the long run is.
1. Significant decentralization of hash power across the globe.
2. The owners of that hash power willingness to break the law.
9
4
62
Just launched my website dedicated to a high level overview of Bitcoin's security model, economic incentives, potential attack vectors, and decentralization of mining.
Check it out!
censorshipresistant.com/
2
7
45
3,095
If you want privacy use #Monero. Your maxi larp is a threat only to yourself. Adaptability to threat models is the only game in town.
7
10
59
2,778
Bitcoin must be able to endure any and all attacks, forks, and FUD. The longer it endures the stronger it becomes, it is a gift that Bitcoin has so many enemies.
1
12
56
Gab + Bitcoin + Lightning network would be revolutionary. You would be the first social media site with fully functioning micropayments.
6
13
46
Your website is full of lies #bitcoincash is highly centralized by chinese miners using #asicboost exploit. Also over 50% of the nodes are hosted by Alibaba cloud servers. Bcash is nothing but a marketing gimmick.
26
50
He clearly doesn't understand that PoW is gauge theory. He also claims that nature solves the byzantine generals problem, but in the context of quantum indeterminacy it doesnt solve it, it just builds off an outcome, much like the blokchain does.
1
53
Notice how every person who wants to ossify #Bitcoin is not a developer.
Unix timestamp bug? What's that?
16
4
56
4,279
When someone says, "What if something better replaces #Bitcoin?"
It's the equivalent of someone in the 1960s saying, "What if something better replaces integrated circuits?"
Literal world changing technology is invented and people think this kind of thing happens everyday.
4
5
59
2,706
With all the recent hype around #StratumV2 and misleading claims of decentralization, I feel it would be beneficial to post an updated version of my mining infographic.
This infographic lays out the architecture of each type of mining and if it's centralized or decentralized.
4
16
59
5,594
Knots attempts to encumber valid bitcoin transactions from propagating the Bitcoin network. If your node is connected to a majority of knots nodes it will hinder your nodes ability to estimate fees properly as well as increase latency for block propagation.
12
2
51
5,463
In reality you're not filtering anything, you're building on and securing blocks with spam in them. Even your filtered block contains close to 50 inscriptions, while also losing out on 11% in fees. Blockspace marxism is futile and ends only in bankruptcy.
9
4
55
4,496
#Bitcoin blockspace is unique from other free markets in that consumers cant choose their supplier. Miners can choose who to sell blockspace to but consumers cant choose who to buy from.
If there is a pool or miner who you dont agree with, how do you withhold fees from them?
1
4
20
948
Stockholm syndrome is rampant on #Bitcoin twitter. People justifying tyrannical actions of the state because Samourai was profiting from "money laundering and illicit activity".
I've got a wake up call for the boot lickers... Miners, even more so profit from these same "crimes".
4
6
52
1,871
This #Bitcoin bill has two glaring caveats that are not being talked about.
1. In regards to the $200 tax exemption.
2. In regards to the "right" of self custody.
Stop 👏 Trusting 👏 Politicians 👏
The fundamental value proposition of Bitcoin is a direct threat to governments
4
13
41
"If everyone would just use the same mempool filters!"
"If everyone would just use bits instead of sats!"
"If everyone would just..."
If this is you, you are fighting a unwinnable battle. You need to accept that value is subjective and people do not all agree with your beliefs.
5
31
828
The fact that this was even considered reveals a significant lack of judgement and understanding on the part of #Binance.
The events that unfolded today have heavily impacted your credibility.
2
6
48
It's a loan to a market marker who will sell the BTC to hold the UST peg. That's the whole point of BTC as collateral.
1
41
The crypto world should have blocked @gavinandresen when he vouched for that fraud CSW being Satoshi.
1
7
46
Not gone forever, all these burn addresses will be swept by a quantum computer one day.
10
49
13,745
Imagine thinking that centralized exchanges delisting #Monero is a bad thing.
Monero will be banned from all white markets, that's the entire point.
3
5
43
1,893
The answer is a simple yes, its a client-server relationship. @ocean_mining has unilateral control over who mines in their pool and who gets paid out in the coinbase. Ocean needs to stop this marketing charade that they are decentralized, permissionless, or censorship resistant.
With Datum, can Ocean still censor payouts?
Is Ocean immune to regulatory / authority enforcement?
What can Ocean do to me if I abuse block template creation (mine empty blocks etc)?
It is unclear to me how Ocean can resist censorship more than competitor pools.
6
25
342
The guy who tells you lightning network is more private than Monero, doesn't even understand the most basic concepts in threat modelling.
4
3
39
2,382
I dont know who needs to hear this but, #Bitcoin miners are not employees, they are suppliers. They supply a product, which is blockspace.
Like in any other free market the relationship is mutual. Buyers and sellers are on a level field and free market dynamics does the rest.
3
3
19
549
Since there is often a lot of confusion about the various types of pool mining and solo mining for #Bitcoin. I decided to make this infographic to help people better understand the differences.
2
11
42
4,058
Some nuance on the OP_RETURN debate.
#Bitcoin is a ledger money (as opposed to coinage money) and ledger money inherently needs a database to function. Bitcoin uses the blockchain as that database and blockspace as a means to rate limit the growth of that database.
2
10
25
1,118
The only secure hash is black market hash. All white market hash is a security risk.
My miningpool-observer project recently reported six OFAC-sanctioned transactions as missing from blocks.
Four of these transactions were likely filtered by F2Pool. This is the first filtering based on OFAC sanctions I've seen.
More in: b10c.me/observations/08-miss…
2
12
40
6,812
For some countries the volatility of cryptocurrency is nothing compared to the hyper-inflation of their currencies. Many countries are falling into this spiral due to endless printing by central banks.
1
34
Uses cryptographic hash functions ✅
Uses public key cryptography ✅
Uses elliptic curve cryptography ✅
Why you gotta bring woke culture into Bitcoin and get triggered by words so easily?
1
40
This is not "your hack", it's a 51% attack and it's been known about since the white paper. The person you're sending BTC to can just wait for more confirmations, meaning you have to perpetually sink more hash and capital into a chain that may or may not have the most work.
43
1,050
Privacy on #Bitcoin is a misnomer.
The correct term is obfuscation.
Amounts, movements, and destinations are always revealed. Its just that the participants have been obfuscated.
5
5
38
4,294
Co-founder of @f2pool looks to be admitting here to that they are enforcing OFAC censorship.
3
7
42
73,360
The fundamental laws of information theory dictate that if your system can store anything at all, it can also store JSON data.
For those who don't know, JPEGS aren't even the problem anymore. Its BRC20/SRC20/RUNES, which are all just JSON data. There is no way to stop this.
The fundamental laws of information theory dictate that if your system can store anything at all, it can also store jpegs.
3
7
39
8,336
A flood of ordinals has just hit the mempool. Using my new Mempal app you can see that its only a few vMB worth of transactions and it should clear within 3-4 blocks, returning fees back below 40 sat/vb.
#Mempal gives you insights so that you never overpay fees again.
another day, another 100k transaction rune mint clogging the mempool.
I recommend holding off on any non-urgent transactions for a couple of hours.
5
10
40
3,043
"Patents are an illegitimate grant of monopoly privilege by the state." -Ver bitcoinmagazine.com/articles…
2
14
39
A few reasons why @bluewalletio is one of the best Bitcoin/Lightning wallets out there.
• Trustless: Configurable to connect with your own Bitcoin/LN nodes.
• Versatile: Import almost any mnemonic seed, private key, or xPub/zPub without worrying about derivation paths.
1/3
2
6
41
