JUST IN: ENS Labs, the company behind @ensdomains, is moving ahead with a plan to migrate the domain name service from Ethereum its own layer-2 network. @margauxnijkerk reports coindesk.com/tech/2024/11/11…

Roger Ver is facing life in prison for revealing how the US government worked secretly to subvert cryptocurrency and prevent economic freedom. More people should hear this story. (0:00) Roger Ver Facing Extradition (7:49) The Hijacking of Bitcoin (12:18) How the Government Tracks Your Every Transaction (26:26) Who Is Satoshi? (27:13) Why Ver Chooses to Speak Out (38:19) Ver’s Experience in a Spanish Prison Includes paid partnerships.

JUST IN: $11.5 trillion asset manager BlackRock releases video explaining #Bitcoin.

Kids paying for Happy Meals with #Bitcoin in El Salvador Pure magic 🇸🇻 nitter.app/bitcoinisded/status/17…

'Ethereum is too expensive' is a really bad take. Did you know the Base chain has made over $40m as an L2 already? Yesterday Base made $673k. How much did they pay Ethereum for that ? Less than $2,500. $2.5k in costs to settle an ENTIRE CHAIN worth of transactions - Base getting $670k in daily profit. Ethereum isn't expensive. Ethereum is cheap.

My email correspondence with Satoshi in 2009-2011: mmalmi.github.io/satoshi/

FUN FACT: Ethereum is down 74% against Bitcoin since switching from PoW to PoS in 2022.

By popular demand, an updated roadmap diagram for 2023!

It certainly could. Which is why people should run nodes to discourage a non-consensual hard fork. Conversely, I think in, say, 10-20 years the idea of a hard fork to add a small tail emission may not be so controversial any more, and the community as a whole might accept it.

I just paid $16 fees for a lightning txn with Phoenix wallet. Plain old regular on-chain would’ve been cheaper at 72 sat/vB due to lower weight. Thank you sPLiCiNg. PS: there was no preview or warning about this. Are we surprised people think bitcoin UX sucks? Coz it does…

The layer 2 revolution is already happening in crypto Not widely discussed, and just getting started Scalability will be a big deal, unlocking utility, payments, next wave of growth

the hardfork - is called dencun - also known as eip-4844 - also known as proto-danksharding - turns ethereum into a blobchain - means that ethereum rollups are no longer rollups (the definition of a rollup is smth that uses *L1* for DA, not ephemeral data blobs) - actually does something about execution fees (the merge did not really, wasn’t designed to) - probably won’t solve L1 fees (L2 raw data having their own blobspace will offload L1 somewhat but not a gamechanger) - L2 fees should be dirt cheap though - ethereum will still be a hot mess until shared sequencing or something solves cross-rollup liquidity aggregation (hard, will prob take 3 years to perfect if it even gets ”perfected” at all) - this is still better than sharding - it’s still ”better” than solana in the same way that bitcoin with lightning is still better than bitcoin sv - but it’s not an either or and the world has room for both modular-like and monolithic approaches (even if single rollup with a proper DA-layer should be superior to any monolithic system but whatever no one cares)

I'm still building my intuitions around how exactly the architecture of L1/L2/L3 will shape up, but I currently believe there are a few substantive benefits to L3s: 1. settlement costs for L3s will be 10-100x cheaper. these costs are small but for devs they are still meaningful. 2. just in time bridging from L2 to L3 will be fast, cheaper, and significantly more capital efficient than going from L1 to L2 or L2 to L2. 3. the pathway for onramps to L3s will be much more streamlined because you have L2 stakeholders who will work hard to make them seamless via routing through L2. I think that on a long time period some or all of these may be solved by proof aggregation but in the short to medium time horizon am still working through how exactly that will shape up. I also think that my thinking here is also influenced by a belief that we will see much more homogeneity at L2, with the ultimate end game being that many L2s either become tightly coupled to each other (eg the superchain) and/or to L1 (via based sequencing and native zk prover support in the L1). in parallel, I expect we will see much more experimentation at L3 with different VMs (eg orbit, MoveVM, svm, parallel EVM), data availability decisions (eg Celestia, eigenDA, S3), and centralization characteristics. my best mental model for L3 right now is onchain connected servers - and I think there will be millions or billions of them. would love to hear other folks thoughts on all this - I'm still very much in the learning phase! and if you want to build an L3 on @base, lmk and I'll do everything I can do help!

That hurts: Sorry guys, we had to take Boltz offline for the time being⚠️ Our on-chain working capital is all locked up in the mempool and swaps started failing. A disabled swap service is better than a failing swap service. Bear with us, we'll be back when we figured this out.

Looks like #Qubic has achieved 51% over #Monero, we are waiting for independent confirmations. In the meanwhile #Monero team is polishing details of their 51% attack protection. Many accused us of being sponsored by 3-letter agencies to attack this anon coin. What do you think now, after we has helped Monero to prepare for its future fights against those agencies?..

Every El Salvador 🇸🇻 citizen to receive $30 in free #Bitcoin from their government, when registered on their wallet app.

Lightning payment reliability for $100 payments has been launched higher by Bitcoin's price increase. $100 of BTC can now be sent anywhere in the lightning network with a 77% chance of success, up 20% from last year. To improve further, lightning network topology must shift.

In the future, Banks like JP Morgan will issue wrapped Bitcoin coins. These will trade on multiple fast blockchains, and will be redeemable on demand for actual Bitcoin. It will be the new version of the "Traveller's Check". This is how we solve the "scaling problem" on Bitcoin. Not with larger blocks.

I disagree. @LukeDashjr has cost valuable Bitcoin contributors more than than most people can imagine. He manufactures controversies over inanities, abuses his authority, and tells half truths that take time and expertise to refute. I think he's been a net negative for Bitcoin

I need a lightning wallet that works reliably, is non-custodial, and is simple to use. Our local rancher wants to receive Bitcoin payments, but he's running out of steam trying all of our best options. The payment system has to WORK. Why do I even have to say this??

Blockstream secures $210 million to drive Layer 2 growth and expand its bitcoin treasury theblock.co/post/321074/bloc…

if you are actively trading and don't like high fees, use exchanges with 🌊 @liquid_btc integration, or complain to an exchange that doesn't. pay 1-2c to clear in 2mins final, while others are paying 50c-$2.50 for 1hr+ transfer. nitter.app/adam3us/status/1264279… be part of the solution

When I see such a broad crypto pump and XMR is not pumping along, it tells you 2 direct things: 1. There is a large non organic fraud component of what's happening. 2. The people conducting that fraud dont like Monero. Im not complaining, but it is worth noting.

The new bitcoin script just dropped. Satoshi doesn't matter?

82% of wallets that hold bitcoin cannot move right now due to high fees.

Today @Uniswap Labs received a Wells notice from the SEC. I’m not surprised. Just annoyed, disappointed, and ready to fight. I am confident that the products we offer are legal and that our work is on the right side of history. But it’s been clear for a while that rather than working to create clear, informed rules, the SEC has decided to focus on attacking long-time good actors like Uniswap and Coinbase. All while letting bad actors like FTX slip by. When I first set out to build Uniswap, the goal wasn’t to reimagine finance. It was an experiment in radically decentralized, fully automated onchain markets. I didn’t know if it would work or if anyone would use it. Fast forward to today, the Uniswap Protocol has processed over $2 trillion in volume. Many thousands of teams and developers have forked our code or built on top of it. We built entirely new financial infrastructure that is transparent, fair, secure, and accessible powering an entire industry. The team at @Uniswap did all of this in the US from our office in New York City. People often ask me why we stay in the US and my answer is simple: I believe that blockchain is incredibly powerful technology. Like the Internet, it’s here to stay. So someone needs to figure it out, and it might as well be us. And that when you build technology that improves people’s lives – you don’t need to hide. The @SEC’s mission is “protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.” This is a noble mission. I would argue @Uniswap does a far better job of this today than the SEC. Yes, I'm frustrated that the SEC seems to be more concerned with protecting opaque systems than protecting consumers. And that we'll have to fight a US government agency to protect our company and our industry. This fight will take years, may go all the way to the Supreme Court, and the future of financial technology and our industry hangs in the balance. If we stand together we can win. I think freedom is worth fighting for. I think DeFi is worth fighting for. And of course, we won’t stop shipping. Stay tuned 🦄💜

If the US government wanted to, they could spam the chain and set a permanent floor at 200 sat/vByte for only $4.5 billion per year at current #Bitcoin  prices. No ordinal nonsense needed.

CashTokens are now live on 3xpl.com/bitcoin-cash! Both FT and NFT transfers are supported 🚀

The Bitcoin.com pool now has more hash rate on it than the entire BCH network had earlier today. Bitcoin is cash for the world! #BitcoinCash #bitcoincashfork

I wish I had taken screenshots but it all happened way too suddenly Yesterday we had a forum post & snapshot up on @arbitrum to support the @juiceboxETH campaign for funding the legal defense of the tornado cash devs All of a sudden the entire forum thread was deleted along with the snapshot without any discussion or record of it , supposedly on overblown fears of legal risk There is absolutely nothing wrong with paying for the legal defense of someone accused, it's a US right that everyone deserves a lawyer I thought arbitrum was about freedom, when we begin self censoring ourselves it doesn't put us in a good light

They are already priming the public to increase the 21 million supply cap. HBO had a documentary making the assertion that Peter Todd is Satoshi. Todd has been a public advocate for increasing the 21 million supply. The Blackrock and other ETFs have increasing the supply as a risk factor. What an epic scam.

Recent announcements from US authorities cast a doubt on whether self-custodial wallet providers, Lightning service providers, or even Lightning nodes could be considered Money Services Businesses and be regulated as such.

"Any computable function can be verified on Bitcoin" bitvm.org/bitvm.pdf

Many are excited about the new Satoshi emails just released. It's great to have more of this history archived. But I caution folks from putting too much effort into interpreting Satoshi's words. Even Satoshi didn't fully understand Bitcoin, nor had the hindsight we have today.

NEW: A vulnerability in @lightning LND versions 0.10.x and below was revealed Thursday in the Lighting developer mailing list. Node operators are urged to update to the newest version ASAP. Reported by @wsfoxley trib.al/dZNFHXA

JUST IN: New HBO documentary claims to have uncovered the true identity of Satoshi Nakamoto, the pseudonymous creator of #Bitcoin.

On May 3rd, 2024, @PhoenixWallet will be removed from US app stores. Users from the US should empty their wallet: - Settings > Close channels (Android) - Settings > Drain wallet (iOS) We highly recommend *not force-closing* channels, as on-chain fees could be significant.

I used @getvicarious to create and sync a list of all accounts I’m following, set that list to be reverse chron, named it “Latest” and pinned it, and now I can quickly swipe between ranked (algorithm) and all tweets as they happen (inspired by an idea from team)

Ethereum is in deep trouble UNI moving off-chain is only the final nail in the coffin, all apps are moving to competing L1s & L2s instead Collapsing ETH revenue, UNI was ETH's biggest fee-paying customer! Now ETH is being left behind, irrelevant & broken; Ethereum is cooked 🧵 What did we expect would happen after pushing all usage to competing chains ("L2 scaling") A cucked course of action from the perspective of ETH Betraying ETH's cypherpunk dream for the sake of L2 VC funding, as the ultrasound money meme has now been thoroughly defeated by "L2 scaling" It is as clear as day from the moment Dank Sharding was implemented, as you can see in the chart below: It shows that when users move off the L1 significantly fewer fees end up on the L1, decreasing the burn rate. This should have been obvious from the start. This usage & resulting revenue is now getting captured by rent-seeking L2s instead! That is what makes it parasitic, as only a fraction of the fees ends up back in the L1, while for-profit companies get to keep the rest. All while these same parties lobby to keep ETH's L1 block space constrained This chart released by @Unchained_pod even shows how for every dollar paid to the L1 OP gets to keep 300 dollars! If that is not extractive, I do not know what is: EIP-4844 only accelerated that process, by giving L2s a cheap place to put their data while entirely ignoring L1 users, that is why UNI is forced to move elsewhere: The fact that a swap cost over $30 on ETH now is completely unacceptable, as well as a $60 NFTs sale fee, what is this clown world? 🤡 It is all effectively a giant middle finger to the incredible achievements of ETH DeFi, as they break up the kingdom into smaller parts for the sake of selfish profit. High fees kill utility & innovation every single time: UNI should move as far as possible away from ETH as possible as far as I am concerned The UNI L2 will have its own validator set anyway, so it will be entirely possible for them to pivot to becoming an L1 in their own right in the future, or they will deploy the uni app natively on an alternative chain eventually The only reason left to deploy on ETH is the security, however, security is based on revenue in the long run. This is why ETH is on a steady path to nowhere with its current roadmap, as L2s are sucking all of the life out of it Bait & Switch: We all noticed it, we are not stupid, just like we also noticed it for BTC, as the light of truth exposes all of the corruption As instead of a "global computer"; a single composable state where all DeFi could interoperate; ETH is now a fragmented ecosystem of centralized service providers... The complete opposite of what ETH was supposed to become, to make it even worse: Remember ETH 2.0? Scaling the L1 through execution sharding; That has now been successfully implemented on NEAR & EGLD with more soon to come. All while purely parallelized chains make a decent case for not even needing to implement sharding & still keeping up with massive demand! As the technology has advanced so far we can even say that we have solved the classical blockchain trilemma in practice, making all of the compromises inherent in ETH's "L2 scaling" entirely unnecessary All while the ETH core developers claim that scaling the L1 while preserving decentralization is "impossible", an unbearable state of affairs Conclusion: Ethereum is effectively bankrupt, not just intellectually & ethically but also economically Still riding on the laurels of its past success, most cannot see the writing on the wall At this point, Ethereum deserves to lose, as it has been doing over the last year, losing ground to its technologically far superior competitors. The success of UNI is no longer correlated with the success of ETH The numbers do not lie, ETH has made itself irrelevant & it will continue to decline as it continues down this self-destructive path. The future now belongs to the countless alternatives that are open for business now!

Founders and CEO of cryptocurrency mixing service arrested and charged with money laundering and unlicensed money transmitting offenses @IRSCI_NY @NewYorkFBI 🔗: justice.gov/usao-sdny/pr/fou…

Paymaster now allows users to pay for gas with custom ERC-20 tokens on @Base! This feature enables increased token utility, easier app engagement, and the ability for users to pay gas with USDC or custom tokens instead of ETH.