Bitcoin Researcher & Filmmaker | 1stBitcoinMiner.com | alexwaltz.com
y² = x³+7
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What everyone knows about Bitcoin's Launch is wrong.
(full research 1st comment)
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⚛️I made my own Quantum Random Number Generator.
It uses radioactive decay to generate entropy for #Bitcoin seeds.
I used:
- Americium 241 from a Smoke Detector
- RaspberyPi
- Geiger counter
- Audio interface.
Entropy is what makes a bitcoin your bitcoin.
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Before launching Bitcoin on 8 Jan 2009 Satoshi had an early version coded.
Known as the November 2008 Version.
Different block time, reward, difficulty adjustment, and more.
Here are the 10 changes he made to what became Bitcoin as we know it today.
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Did you know the 1st #Bitcoin client did not start mining until another peer joined the network?
This shows that NOT even the 1st block was pre-mined in Bitcoin.
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Ethereum is a dumbster fire of a project.
A client bought USDC from us, well in order to send USDC you need ETH. Ok, no worries, i ll get some ETH.
The transactionf fee eth are:
- $10.52 Economy
- $15.81 Regular
- $21.05 Fast
How come no one is talking about this?
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I'm making a documentary!
Satoshis Don't Exist.
The film will explore the counterintuitive and obscure design choices of #Bitcon and how this affects how we built things on top of Bitcoin.
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The Difficulty Adjustment is the great missing innovation that made #Bitcoin work.
While it ensures that Bitcoin's supply is predictable it also is a:
- fundamental security mechanism
- self-regulating mechanism
- crucial consensus component
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Running a node is like talking with God.
Not running a node is like asking a priest what God says.
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Have you realized you can use #bitcoin as a unit of time?
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Did you know the original Bitcoin client had a Generate Coins button?
When activated it would use the CPU to mine Bitcoins.
It was removed with Bitcoin 0.3.22 in June 2011 as mining become more specialised and moved away from solo-miners.
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In Feb 2017 I got robbed while doing a cash trade on @LocalBitcoins The trade was for 7BTC ~ £6k at the time.
Now the 7BTC ~ £100k are still in the LocalBitcoins escrow.
I would really appreciate it if LBC can look into this again.
piped.video/FxVzsaSFp-0
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The story of 1111111111111111111114oLvT2 #Bitcoin address.
How does a Bitcoin address work?
What is a burn address?
Why is there so much money here?
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Crazy how people think #Bitcoin will end wars, that is just plain absurd.
I mean 106BTC have been donated to literally fund the war.
As long as people exist conflict will exist.
Bitcoin does not bring utopia, just censorship resistace.
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Did you know in 2014 someone uploaded their #Bitcoin wallet to the internet?
The wallet had 10 Bitcoins.
This was done to show no one can break the encryption protecting the wallet.
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Did you know @ElectrumWallet was the 1st #Bitcoin deterministic wallet?
Before this people used to backup each individual key, and there was no restore function.
Also, the 1st wallet to implement "mnemonic" backups, way before BIP39.
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4 BTC lost using Brain wallet.
"The pass phrase was a line from an obscure poem in Afrikaans"
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Did you know that #Bitcoin Core did NOT initially have a 21M cap limit?
Because of a C++ quirk, the original code that enforces the halvings would have restarted the halvings after the last halving, around 2214.
This was fixed with BIP42 in 2014.
(fix in pic)
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Last month, I dug into Satoshi's code and the VERY early days of Bitcoin.
Here are 10 lesser-known and counter-intuitive facts that blew my mind 🤯
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This was my 1st contact with #Bitcoin.
This video changed my life.
The original "What is Bitcoin?" video.
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This vaccine certification thing needs to STOP now.
This is absurd. You cant ask people to take a vaccine that was made yesterday for a virus that has a kill rate of 0.01%.
This is insane.
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🎲How does Bitcoin Core generate entropy for private keys?
Mixing entropy from 4 main sources:
- low-level processor instructions
- entropy from the OS
- dynamic events
- static events
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Dude, people are sending "bad" coins to the clean block 😂😂😂
And someone added a message in the OP_RETURN in Arabic 😂😂😂😂
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Did you know the 1st #Bitcoin client did not start mining until another peer joined the network?
This shows that NOT even the 1st block was pre-mined in Bitcoin.
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This is a valid #Bitcoin BIP39 Seed.
awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome
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Did you know Satoshi worked for 1.5 years on Bitcoin's code before releasing the White Paper?
He mentions this in a conversation on the Cyphterpunk Mailing list on 17 Nov 2008.
2 weeks after the lunch of the White Paper.
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In case you missed it I made a video with waxwing about Schnorr Signatures.
He covers:
- commitments
- challenge-responses
- binding & hiding
- non-interactiveness
- IRL usage
- history
Full video:piped.video/wjACBRJDfxc
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Did you know?
The original #Bitcoin Client v0.1 release by Satoshi had an unfinished Poker game & an eBay-style marketplace in the source code.
#BitcoinFactOfTheDay
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Did you know that #Bitcoin Core did NOT initially have a 21M cap limit?
Because of a C++ quirk, the original code that enforces the halvings would have restarted the halvings after the last halving, around 2214.
This was fixed with BIP42 in 2014.
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The average IQ in the "#Bitcoin community" is at an all-time low.
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Did you know initially you could send #Bitcoin to an IP address?🤯
It was listed as the default method to send Bitcoin but now is long removed.
How did this work?
Why it was removed?
What is similar today?
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Happy Gavin went to the CIA to talk about Bitcoin day.
On this day Gavin Andresen, the main developer of Bitcoin at the time, went to CIA to talk about Bitcoin.
Shortly after Satoshi disappeared.
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Yo check out waxwing's talks at @bitcoinology271!
Chaimian Mints in #Bitcoin.
He covers:
- History of Chaumian(@chaumdotcom) eCash
- @CashuBTC
- @fedibtc
Full Video: piped.video/VwMzNE1D3so
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I don't think people realise how big of a deal this was when @ElectrumWallet came out.
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🌱📝@SeedSigner - Assembly, Usage, & Review.
SS is the new cool kid on the block when it comes to #Bitcoin DIY HWW.
Highlights:
- QR seeds
- non-persistent
- ONLY personal entropy
- general-purpose HW
- cheap
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JoinMarket is a decentralised, non-custodial, CoinJoin Implementation.
It is market-based and allows you to CoinJoin any amount.
- What it is
- History behind it
- How it works
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Absolutely amazing, but I remember listening to Marry Harron(Director of American Psycho) saying that Christian Bale can sweat on command, when they were filming the business card scene.
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Did you know Hal Finney joined the Bitcoin Network at block 49.
We know this since he reported a crash 1st time he ran the client on Sourceforge.
In the debug file last block see by node was 49.
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Liana v1.0 IS OUT!
by @Wizardsardine
A #Bitcoin wallet that supports:
- Miniscript descriptors
- Timelocks
- Multi-path spending
This means:
- Key-loss Recovery🗝
- Trustless Inheritance 👨👩👧👦
- Safer Backups🔗
wizardsardine.com/liana/
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It's a tool like any other tool that came before it. The same way sound, new lenses, tripods, film stocks made movies better, AI will do the same.
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I mean this for me is a serious red flag.
How can you be so stupid in 2023?
(I dont care about politics and i'm not 'murican FWIW, but i see a lot of bitcoiners getting a hard on for this guy)
RFK: There Are Tens of Thousands of Studies That Show The Horrendous Danger of WiFi Radiation
“You should never put one [phone] next to your head.”
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Did you know 1 #Bitcoin initially was NOT 100,000,000 sats?
Before releasing the Bitcoin Client on 9 January 2009, Satoshi shared with some people an earlier 2008 version.
In this version, among other things 1 Bitcoin = 1,000,000
(ofc he did not call them Satoshis :p)
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Did you know that #Bitcoin Core did NOT initially have a 21M cap limit?
Because of a C++ quirk, the original code that enforces the halvings would have restarted the halvings after the last halving, around 2214.
This was fixed with BIP42 in 2014.
(fix in pic)
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What a time to be alive!
Someone made a Bitcoin TX to prove mechanic is wrong with a message in the OP_RETURN.
Someone (else) posted this on stacker news and directed all the zaps to him.
So he is getting double-trolled and getting sats for it!
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Most people know the 1st Bitcoin TX from Satoshi to Hal, in block 170.
But did you know the 2nd TXs we know Satoshi made to someone was to @druidian in block 524 for 25 BTC.
Cryptographically proven by Dustin.
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Did you know #Bitcoin used DOUBLE-SHA256 everywhere?
Why use double-hashing in Bitcoin?
Where is it used?
What is the benefit?
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Einstein said God doesn't play dice, he was proven wrong.
And even more, I used God's quantum dice to generate my seeds.
I can't think of anything cooler than using a macroscopic quantum process that would go notice and amplifying it to do a real-world #Bitcoin thing.
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Ordinals👏do👏not👏make satoshis👏non-fungible.
They are a exterior rule that someone came up with and incorectly describe how #Bitcoin functions.
People are free to do what ever, but thats just NOT how bitcoin functions.
Very embarasing how many people fail to understand this
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Did you know the pre-released 2008 version of #Bitcoin had 15-minute block time?
Also, the difficulty adjusted every 30 days.
Satoshi changed to 10-minute block times & 14 days difficulty adjustment in the version he released on 9 Jan 2009 and that's used today.
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#Bitcoin👏has👏inflation👏.
Every 10 minutes new bitcoins hit the supply.
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This is a valid #Bitcoin BIP39 SEED PHRASE!
There are 240 more.
beef beef beef beef beef beef beef beef beef beef beef beef
What is BIP39?
How it works?
Why are such seeds valid?
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@ODELL on the Citadel Dispatch e0.3.3 you said one of the big "Conspiracy theories are that RNGs are compromised by Intel"
piped.video/V_rFhuZCVHw?t=2487
🤔I don't feel that's an appropriate description.
I have a few thoughts on compromising Random Number Generators.
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Did you know OP_RETURN had a bug that allowed anyone to spend anyone's Bitcoins?
The bug would skip over the instructions and return 1, interpreted that spending conditions are meet.
But was found and reported by Artforz in 20 July 2010.
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Did you know Satoshi had alternative names for Bitcoin?
Netcoin, e-cash & supercoin!
1 day before registering bitcoin.org Satoshi registered netcoin.org
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Initially i did not care that much for Ordinals, but now because everyone hates them I'm a Ordinal maximalist.
You pay the fee you get in the block.
End of story.
Censor your mother if you want to censor.
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This #Bitcoin Transaction is in 2 different blocks.
At the same time!
How is this possible?
Is this a problem?
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Did you know?
The original #Bitcoin Client v0.1 release by Satoshi had an unfinished Poker game & an eBay-style marketplace in the source code.
Satoshi also had plans to implement an escrow system but this never came to fruition.
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I like weird Bitcoin factoids.
Here is mine.
The opcode for checking multi-sigs in the Bitcoin scripting language has a bug where you need to add an extra element.
Fixing it would require an HF.
(does not have to be technical, but weird and interesting)
Share yours down below👇
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You don't learn shit from podcasts.
Stop wasting your time, and get your hands dirty while doing something.
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I am absolutely thrilled to announce that I have just finished filming my recent short movie.
It's about #Bitcoin Core.
I play a fictionalized version of myself and it features 5 other people.
Next:
- Recording voiceover
- Sponsorships - hit me up, if interested ;)
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Here are 7 interesting comments Satoshi left in the original Bitcoin client(2009)
Yes, he actually wrote this one.
"This is why people hate C++"
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Did you know?
The original #Bitcoin Client v0.1 release by Satoshi had an unfinished Poker game & an eBay-style marketplace in the source code.
#BitcoinFactOfTheDay
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Did you know initially you could send #Bitcoin to an IP address?🤯
It was listed as the default method to send Bitcoin but now is long removed.
How did this work?
Why it was removed?
What is similar today?
🧵Thread👇
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I tweet 1 #Bitcoin fact per day
#BitcoinFactOfTheDay
🧵Here are the ones made so far👇
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Did you know #Bitcoin Core currently implements 62 BIPs?
A BIP(Bitcoin Improvement Proposal) is a document that provides a clear standard if something is to be implemented.
BIPs are not obligatory, there are currently 166 BIPs that have a number, and a big part are not used.
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Say waht you want about wizard memes, ordinals or their trolling, but Eric is 100% correct.
The average IQ in bitcoin is 10 these days.
Eric being a troll demon and yet speaking at a big BTC conference says much about the confidence of bitcoiners today. Fragile shitcoins don’t invite speakers who flagrantly question their values.
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🤯I swapped my #Bitcoin private keys with someone safely over the internet!
🤨How?
CoinSwap on StateChains using @mercury_wallet
🤔Why?
Privacy
The Swap set of 2 in the picture, its similar to the anonymity set you have in a CoinJoin.
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Did you know that the #Bitcoin Difficulty Adjustment adjusts for 2015 blocks instead of 2016?
Yes, this is Satoshi's "fault". :P
What causes this error?
How Big of a problem is it?
Why adjust at this interval?
🧵Thread👇
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Running Knots, and found a typo.
Plural is incorrect, there is only 1 Knots developer.
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YO YO YO.
I've made an article for @BitcoinMagazine where I review the @SeedSigner
bitcoinmagazine.com/guides/h…
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I hacked an #ethereum wallet and took all the money!
Ran 16 servers for a whole day!
How did I do it?
What tools did I use?
Was it profitable?
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Did you know the terms "Hard" & "Soft" fork for #Bitcoin were coined by Gavin Andresen in 2012?
This is done in a document where he contemplates on the BIP16 & BIP30 upgrades.
BIP16 caused problems as some nodes got stuck on block 170,059.
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The whole thing with Luke is indeed strange.
But i find it in bad taste to turn on him, without knowing what really happened.
If he had 200BTC, well he deserved and he earned it.
The man put in the work.
I always found him an odd but smart and interesting character.
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Mircea Popescu seems to be ded.
The original evil genius Bitcoin maximalist.
For sure one of the most fascinating people in Bitcoin.
One of his quotes.
"Mediocrity is not a lack of intelligence.
Mediocrity is intelligence entirely dedicated to self-preservation."
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TIL
Satoshi added an alert system on #Bitcoin, that when triggered, would have disabled all RPC methods on the whole network for handing money.😳
Only he could trigger this by signing with his key.
Bitcoin has come a very very long way.
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This is the biggest loss in #Bitcoin history.
2,609 are forever!
23 transactions in Block 150,951 on 28 October 2011.
Why are they lost?
Who lost them?
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Did you know Block #481,947 is the 1st block to be mined bigger than 1MB?
It was mined on 25 August 2017 by BitFury and had a size of 1.03 MB.
How can we have blocks bigger than 1MB?
What are SegWit Blocks?
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Did you know the 1st version of the Bitcoin code had a hidden nautical reference?
It mentions 3 time keeping mechanisms.
NTP was never implemented(too centralised)
The other 2 we still use today.
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