DUTCH.HODL ๐Ÿ’€๐Ÿ’€๐Ÿ’€

19.2K posts

DUTCH.HODL ๐Ÿ’€๐Ÿ’€๐Ÿ’€ banner
DUTCH.HODL ๐Ÿ’€๐Ÿ’€๐Ÿ’€

DUTCH.HODL ๐Ÿ’€๐Ÿ’€๐Ÿ’€

@SStacksats

#bitcoin only. Pleb for life. Pronouns: No/U. A man of the coin.

Bergabung ลžubat 2021
2.9K Mengikuti1.5K Pengikut
Dave
Dave@GamewithDaveยท
For anyone who used a computer between 1990 & 2005โ€ฆ whatโ€™s the one game you still think about?
English
14.4K
118
3.2K
1.1M
The Iced Coffee Hour
The Iced Coffee Hour@TheICHpodcastยท
Clavicular explains his upcoming $35,000 double jaw surgery that will ascend him 1.5 pointsโ€ฆ โ€œThey basically make a cut on the lower jaw and move it forward, and apply screws, and the same with the upper jawโ€
English
812
76
4.2K
4.8M
Robin Linus
Robin Linus@robin_linusยท
If Coinbase were hacked for a million bitcoins, would we want to burn the attackerโ€™s coins?
English
75
10
86
13.5K
Andrew Howard
Andrew Howard@Andrew_J_Howardยท
BIP-361 isnโ€™t a security upgrade. Itโ€™s a precedent for protocol-enforced freezing. Today itโ€™s quantum. Tomorrow itโ€™s whatever the next "emergency" is. No.
Andrew Howard tweet media
English
31
73
529
9.3K
Plan C
Plan C@TheRealPlanCยท
My take on the Fred Krueger "drama"... The Bitcoin Maxi space has a culture of tearing down the very people who contribute to it. I can't believe how many people are trying to crucify Fred after he's donated countless hours of his time over the years. Because of Fred's efforts through Bitcoin spaces, books, conferences, interviews, and X posts, 50,000 to 100,000 people understand Bitcoin and its mathematical growth trend in a way they otherwise wouldn't. It's not hard, people. Take what resonates and leave the rest. Is Fred a net value to the Bitcoin community? Quantifiably and objectively, yes. I don't personally care if Fred chooses to squiggle outside the Bitcoin Maxi lines sometimes on his downtime. I have gotten so much free value from Fred, and I have lost zero dollars because of Fred. Why? Because I don't gamble, I invest, and I take personal responsibility for my own actions. No one says, "I got scammed," when they lose money buying lotto tickets, betting on sports, or gambling at a casino. How is buying a memecoin any different? People need to stop trying to play judge and jury over others and take more responsibility for their own actions.
English
118
20
459
34.2K
RARE WELSH
RARE WELSH@RareWelshยท
I'm now fully in support of BIP 110 after seeing who supports the freezing of UTXO's.
English
11
33
213
3.4K
Mandrik
Mandrik@Mandrikยท
If you recover gold coins from the bottom of the ocean, then you deserve them. If you figure out how to steal Satoshi's coins, then you deserve them. #NoFreeze
English
108
100
1.3K
43.9K
Stephan Livera
Stephan Livera@stephanliveraยท
I'm against the "Burn the old coins" idea anyway, but a lot of people are missing the nuance in BIP361. It's not a full confiscation of every pre-quantum coin. The actual BIP361 proposal is: disable ECDSA/Schnorr spends after a ~5-year migration window, in favor of letting people use a ZKP rescue if they still have their BIP-39 seed words on a BIP32 wallet. But here's the fly in the ointment: What about the 'Patoshi' coins and other pre-BIP32 coins? We're talking ~1.7M BTC in early P2PK outputs with exposed pubkeys. No seed phrase = no ZKP rescue. Those coins either get moved manually by their owners before the sunset, or they get frozen forever under the new rules. Some have floated pre-Q-day commitments or other workarounds, but that just raises the obvious question: If they're gonna have to do a pre-Q-day commitment anyway, why not just push the responsibility on the holders of these old coins to shift to a quantum-safe output (BIP-360 P2MR or whatever)? Why force a consensus rule change that effectively confiscates a large chunk of that 1.7M BTC for anyone who doesn't do the pre-Q-day commitment, or does not upgrade in time? For this reason I'm still firmly in the "introduce a quantum-safe output type, let people migrate voluntarily, and let the chips fall where they may" camp. Bitcoin's strength has always been opt-in upgrades and not changing the rules on people. Confiscating even a portion of old coins is the wrong precedent to set. No to BIP361.
English
57
32
313
14.4K
Bitmund Freud
Bitmund Freud@BitmundFreudยท
Serious question. What do you think about BIP-361 proposal to freeze quantum vulnerable wallets?
English
183
2
56
11.6K
haminthepan
haminthepan@iagadanightยท
@mikeinspace Isn't the ability to have this conversation of freezing Bitcoin enough to wake you guys up to it's not decentralized even if it's not done it's in the wide open that it CAN be done!!!
English
2
0
0
301
Mike In Space
Mike In Space@mikeinspaceยท
Satoshiโ€™s coins are spread across 22,000 wallets. Each of which would have to be cracked by a QC. So not only would a QC need to exist but it would have to be advanced enough for this approach to be cost-effective. Itโ€™s not as big a honeypot as most people worry about.
English
31
10
148
8.7K
Alex Hanley
Alex Hanley@ap_hanleyยท
@parkeralewis What about a lengthy and fair migration period, after which ECDSA/Schnorr are deprecated. Following the sunset, the vast majority of users can still spend via ZKP even if they haven't migrated if they were using a BIP-32 style wallet
English
1
0
0
55
Magoo PhD
Magoo PhD@HodlMagooยท
BIP-361 is a horrible idea.
English
32
20
474
16.1K
Ansel Lindner
Ansel Lindner@AnselLindnerยท
๐Ÿšจ "People recognize [bitcoin] is the CIA. I want to know where the databases are, where the servers are, physically.โ€ - Prof Jiang This is the opinion of so many midwits. It's also the reason even some gold bugs cannot comprehend bitcoin to this day, and why midwits believe in centralized scam sh*tcoins. They don't understand decentralization.
English
271
132
1.5K
408.9K
Remu โšก๏ธ
Remu โšก๏ธ@btcbenchmarkยท
@ctoLarsson To completely fuck over Wall Street and the treasuries? Dude, you donโ€™t have to convince me any harder. Iโ€™m already against this BIP.
English
2
0
35
470
CTO Larsson
CTO Larsson@ctoLarssonยท
BIP-361 to freeze quantum vulnerable wallets: Yes. The alternative is price dipping to near 0. That would be bad for Bitcoinโ€™s reputation. If not freezing: - Say you know that half a million BTC will be market dumped tomorrow. - What will you do today? You will sell today, to re-buy tomorrow at a fraction of the price. - So will everyone else. - Will anyone buy today? No. - So there is little or no floor. - Price will wick down to โ€œimpossibleโ€ levels. - Then repeat it again a few days later, for a total of 2 million btc. - Oh price will hit near zero. The argument to not freeze, is to completely f over Wall Street, Saylor, treasuries, and everyone else and start again from basically zero.
English
173
10
158
18.9K
Bit Paine โšก๏ธ
I find it really funny that people are raging against the proposal to freeze quantum vulnerable addresses. Youโ€™re tilting at windmills, friend. If a QC materializes then Itโ€™s going to happen. You canโ€™t stop it. Basic game theory. The fork without the giant quantum bonanza is the more valuable fork, and it is the one that will be chosen by capital, and therefore miners. Your little node and your 2 $BTC on a Seedsigner are very much irrelevant. $MSTR, $IBIT, $MSBT et al. will signal before any hardfork is activated and all intelligent capital will follow them. 10M+ quantum-vulnerable $BTC will hit the market in a day. And it will be ever so over for you. Iโ€™m sorry. You may not like this. But itโ€™s inevitable. Cry about it.
English
98
6
146
15.9K