John Carvalho

@lanaasharr Welcome, you just found a new source of reason!

@BitcoinErrorLog ngl this is the most accurate take today

Honestly, this caveman talk is an improvement on current bitcoin twitter conversation styles.

@paulsaladinomd Grocers cycle through their entire inventory weekly. This seems exaggerated.

Do NOT buy “natural” peanut butter in a grocery store. Your “natural” peanut butter is likely rancid. (PMC4711438) At 77 degrees F, the peroxide value (PV) of natural PB (with oil separation) can be 70 meq/kg within 2.5 months. This is quite high and a clear indication of rancidity. For comparison, the gold standard with fish oil (which quickly goes rancid) is <5 meq/kg. These are 10-15x those levels. Most peanut butters have a “shelf-life” of 12-18 months. Let that sink in. The natural peanut butter you are eating has likely been sitting on the shelf for FAR longer than 2.5 months. That oil at the top, that’s peanut oil, and it’s almost certainly rancid and causing oxidative stress/inflammation in your body when you eat it. If you want to eat “natural” peanut butter, start with organic peanuts, grind them yourself, store in the fridge and use within 2 weeks.

@afilini @StormJib @TFTC21 @callebtc Box die, bitcoin die?

@StormJib @TFTC21 @callebtc Box hide secret. Even box owner no see in. Box run code, give answer only. Box also hand you signed rock: proof it real box, running real code. You trust rock, not owner.

"You can't access the bitcoin, so you're not a custodian." That single sentence from @callebtc , the creator of the Cashu ecash protocol, just unlocked the biggest scaling breakthrough Bitcoin has had in years. The reason ecash scaling has been limited to small community mints is because running a larger one makes you a money transmitter. Calle's solution: non-custodial Cashu mints running inside hardware enclaves. The bitcoin keys are generated inside the enclave and never leave it. The mint operator literally cannot access them. Even with full admin access to the server, they cannot steal the bitcoin. Remove the custodial barrier and the design space explodes. Public organizations, businesses, community groups can all run mints without taking on custodial liability. The security model is battle-tested. ACINQ already uses the same approach with AWS Nitro Enclaves to protect their massive Lightning node holding hundreds of millions in BTC. The historical lineage is what gets me. In 2004, Hal Finney built RPOW (Reusable Proofs of Work) using IBM's secure cryptographic coprocessor. The server was "more trustworthy than an ordinary bank" because the hardware itself guaranteed the software hadn't been tampered with. Finney's system wasn't tied to an existing currency. Calle's is. Cashu ecash backed by Bitcoin, running in a modern enclave, is RPOW's spiritual successor. Except this time it's built on the hardest money in human history. The honest caveats: this doesn't reduce risk to zero. The biggest practical risk is denial of service. The operator could turn the mint off. But since they can't steal the bitcoin, there's no financial incentive to do so. We're getting closer to having everything we want: privacy, ease of use, and reduced custodial risk, all on Bitcoin rails. Hal Finney's vision, finally realized.

@NabiulI94228699 @gil_lohner This is for public context, an open semantic graph. It wouldn't really work privately because 1 person can't curate a whole web. This replaces algorithms and other central coordination problems.

@BitcoinErrorLog @gil_lohner Curious how you'll handle privacy on geo links here

Meanwhile, on Pubky, @gil_lohner, is working on semantic social graphing for geolocations.

@pluronymous @gil_lohner Yes, but I am not a big fan of the establishment major standards bodies though, like W3C, etc. Instead we will probably publish our own specs and some wallet-level BIPs. This is software for the people, not for us to have a moat. We are trying to fix things.

@BitcoinErrorLog @gil_lohner Based. Pubky is commited to a completely open-source stack and industry standards contributions, yes?

@benthecarman @moneyball Finally, every one is becoming Voskuilian.

@moneyball 💯 Running a node should be a means to an end, not the actual goal

The narrative in bitcoin needs to change from "run a node" to "find ways to receive bitcoin for services provided"

@brian_trollz I never muted so many accounts in one day. Are they even real people?

The number of clowns who think a 50% AI slop written gaslighting fest constitutes legitimate technological or scientific research in the replies is embarrassing.

@JoeLibertarian1 @robin_linus Good suggestions!

@BitcoinErrorLog @robin_linus Something related to *shields* working together? Greek *Phalanx*: Used a large round shield & a long spear Macedonian *Phalanx*: Utilized a longer pike & smaller shields *Testudo* Formation: Roman tactic where soldiers locked shields above & around them to form "tortoise" shell

Alright, we need your help! ShieldedCSV is one of the coolest Bitcoin proposals in years: 100+ TPS onchain, strong privacy. Unfortunately, it was named by 3 autists, 2 of whom are German, so naturally it sounds like an enterprise spreadsheet plugin. Please suggest a better name

@UpdatingOnRome So that's the mofo that took so long.

Normal day in Portugal.

And check out paperbitco.in for all the supporting research! These aren't just spicy takes!

Sounds interesting!

@robin_linus Actually sounds pretty good man, good job to those involved.

@BitcoinErrorLog additional scalability properties are, e.g., that your bitcoin node can ignore the single-use-seals if you are not participating in the ShieldedCSV protocol. That means we can get those ~20x more throughput at cheaper block validation cost.

@robin_linus Thanks, I misunderstood initially.

@BitcoinErrorLog It uses client-side validation similar to RGB. But it scales better as the "single-use-seals" are decoupled from bitcoin transactions and are batched into arbitrary block space, reducing the size to about 16vbytes per TX.

@n1ckler @robin_linus Thanks, I misunderstood.

@BitcoinErrorLog @robin_linus No, it’s just another execution layer reusing the existing consensus layer, where the scaling comes from less data posted to the chain compared to a regular Bitcoin transaction.

Pierre is silly shill now, I am not interested in his opinion. STV doesn’t make reshuffling existing BTC "inherently net bullish," nor does it transcend supply/demand. MSTR & STRC are corporate packaged products, not Bitcoin. Saylor’s game is profit extraction via leverage, debt & equity, not merely speculation via stv. Speculation is a bet on future demand, but it can be wrong. It affects price individually but it does not magically create value. A person can pay "too much", right? Bitcoiners love “inevitability, but demand can vanish anytime.

@BitcoinErrorLog So we don't believe in the subjective theory of value anymore? @BitcoinPierre help!

When Saylor buys 10000 bitcoin it is because someone sold 10000 bitcoin. There is nothing inherently bullish about Bitcoin treasuries unless they are overpaying. Someone is always holding all the bitcoin. Trading is not interesting unless it is for products and services.

@2B1_TO_BE_ONE I am mute farming. Welcome to the list!

@BitcoinErrorLog Are you just here for engagement farming? It took Saylor a couple of days and not years. Of course it also depends on how good you understand the world and thus how much missing pieces you have. But it's definitely individual and education material improves as well.

It takes about 10 years to become a Bitcoin expert.