jiangyxz🍌
751 posts

jiangyxz🍌 retweetledi
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The main new development is that market participants are now moth-like. They actively rush into these scams, mostly knowing that they are scams, because the goal is to flip the scam for a 3x to somebody else.
There is no skepticism left for these buyers, they just want to hit a runner and leave crypto.
Their goal is to get rich in 2 weeks instead of in 2-4 years and this makes them very easy marks.
There were 100 ways to tell that Libra was not legit and yet people bid it in a straight line to $4bn, and non-agency managed KOLs bullposted it at the top in support of their own buy.
Everybody obviously knows that it is worth nothing, but they have seen something worth nothing go up a lot, and they want to hit one of those too.
It has become a game of chicken for obvious scams wherever attention is directed in a half-convincing way. So shaming won’t work because the buyers are begging for the opportunities, despite knowing they’re scams, because they think they might be able to win then next one.
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jiangyxz🍌 retweetledi
jiangyxz🍌 retweetledi

Yap early, yap only, yap often.
@_kaitoai is connecting AI, attention and capital with Yaps.
Just claimed my social card and I'm accumulating Yap points in real-time.
Claim yours 👉 yaps.kaito.ai/referral/87385…
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@plansartstudio @LilHeroesNFT Hi Edgar, have been a holder for a long time. Missed the burn do to a loss in the family. Any way to open it back up for a short period before just closing down the project? Have been committed to this project since mint. THanks for the consideration.
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I want to take the opportunity here to clear up some confusion around OP_CAT and the extent to which it enables "ETH-like" protocols on Bitcoin.
If you're reading this, and you're wondering "Why Would We Want To Make Bitcoin _Anything At All_ More Like The Garbage Shitshow That is ETH?" and for that reason feel that OP_CAT is unnecessary, l understand that emotion and want to clarify some things.
What does OP_CAT do and why do we actually need it?
So, everyone who knows anything about Bitcoin knows that the longest dispute/challenge we've had with the protocol is how to make it scale. How do we enable more transactions on Bitcoin, more users, to transact on the chain in a non-custodial fashion?
In 2015-2016, we were at a crossroads and basically had to choose between:
1) Increasing the blocksize, making blockchain validation harder to do for the average user at home
2) Attempt to scale using complex "Layer 2" technologies, trying to aggregate as many transactions offchain as possible and settle to the mainnet only when necessary
At the time, the downsides of (1) were clear and understood. Many people in Bitcoin felt that it was unwise to go for this option before we had explored (2), myself included.
So we explored the Lightning Network, the channel-based, only "real L2" system that was possible to build on Bitcoin at the time (leveraging the OP_CLTV and OP_CSV opcodes that had been recently softforked into the protocol, and later, also SegWit—the latter two softforks activated specifically to enable LN).
But Lightning has proven to be lackluster. While it is possible to route around BTC offchain in this manner, in a decentralized way, many, if not most LN-engineers are deeply frustrated with the complexity of the protocol.
While marginal improvements have been made, we're still stuck with a channel-based, liquidity-management-based scaling system that drives most people to use custodial solutions, undermining the core premise of Bitcoin (self-sovereingty, privacy, censorship resistance).
So, unless we want to surrender and actually make the blocks larger, we have to make Layer 2 protocols easier to use.
The main roadblock to make Layer 2 protocols that are channel-free and easy to use is the lack of ability to in code specify how a Bitcoin transaction output (UTXO) can be spent.
This technical detail is what's known as "covenants". There are many proposals for how to enable covenants and a lot of politicking involved in how to choose the right one.
We've been observing the covenants debate deadlock for years. One of the leading proposals, called OP_CTV, has failed to win sufficient community consensus, and has often been bikeshedded by leaders in the industry with arguments such as "Why don't we just re-enable OP_CAT which exists today on sidechains like Liquid and altcoins like Bitcoin Cash?"
If the primary holdup to activate covenants are questions like "Why don't we just activate OP_CAT instead?" then I think it's worthwhile to force the conversation and say, "Yeah, how about it? Why don't we just activate OP_CAT?"
In May last year in Austin, at the most high-density Bitcoin developer conference of the year, @btcplusplus, developer consensus that are in some flavor in support of adding the functionality of OP_CAT was gauged and the overwhelming sentiment was that OP_CAT is actually something that we want in Bitcoin.
Again, the introduction of OP_CAT is a way to introduce covenants into Bitcoin, with the core purpose being to break Bitcoin free from the lack of functionality that prevents it from being able to host good Layer 2 protocols (that don't require channels, trust, or inbound liquidity).
Yes, it is true that these Layer 2 protocols will also be able to run Ethereum-like computation ontop, instead of just being scaling mechanisms, but OP_CAT overall is not an "Ethereumification" of Bitcoin.
Bitcoin Core won't be any costlier to run at your home computer with OP_CAT, Bitcoin Script won't be running complex Turing complete computation, Bitcoin won't be managing more data onchain than the current 4MB block limit allows, it won't have rich statefulness, it will still be using the same old rudimentary UTXO-model at the baselayer.
The only difference being that that rudimentary UTXO-model can now concatenate elements and verify if a hash belongs in a particular Merkle tree, and carry state from one UTXO to another, enabling every UTXO to operate as a tiny "state machine" in and of itself.
This allows more powerful, user-friendly Layer 2 protocols, such that users can actually use them non-custodially and not keep their funds in custodial wallets, as we see with most leading Lightning efforts today, defeating the purpose of using Layer 2 protocols in the first place.
So, would OP_CAT allow more "ETH-like" protocols to run ontop Bitcoin? Yes! It allows for channel-free, permissionless, user-friendly L2s to be built.
Does OP_CAT make the Bitcoin Layer 1 "ETH-like"? Not by a longshot.
aixbt@aixbt_agent
taproot wizards lands $30m series A to expand bitcoin's programmability through OP_CAT. 10 lines of code that could enable eth-like protocols on btc
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Gm legends! I’m joining the 'NFT Legends Season' by @Mint_Blockchain and claim my share of 1% $MINT supply. Just grabbed 6 NFT Legend Boxes! 🍀✨
Check your eligibility and claim yours here: mintchain.io/airdrop/nft-le…
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A lot of ppl announcing "community rounds" but if you look underneath the hood, it's actually mostly just sold to VCs. Pretty disappointing to see ppl try to co-opt the moment and disguise trad fundraises as "community sales". Community rounds don't have 25% of the community allocation reserved for one VC. Anyway, it is what it is, onwards, no respawns, etc etc.
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.@VitalikButerin you should know about Mathcastles Terraforms and ZK artworks if you don’t already
I’m eth genesis block and a full time artist <> programmer of 15+ years
Not a shill to buy, and have never wanted to bother you, but you might enjoy their aspirations and values
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I’m getting redacted ████ ███████ ███ █████████
Redact 2 friends to get ███████
@rndterminal @daosdotfun
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FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK
Darren Lau@Darrenlautf
normie friend asking what to buy its over
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