@El_FreedomFairy Well if they don’t use Bitcoin they use Chinese Yuan. So it’s preferable for the west that they use Bitcoin. Australia should encourage that.
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Daniel Wilczynski
1.8K posts
Daniel Wilczynski
@danWilcz
Founder @HardBlockBTC . https://t.co/yW7AOaK3G0 Bitcoin supremacist.⚡
Adelaide, South Australia Katılım Aralık 2014
671 Takip Edilen992 Takipçiler
While I think it’s super cool Iran is accepting Bitcoin, I think we also need to take a step back an understand how this will likely be framed in the mainstream media.
“Regime of Terror Accepting Cryptocurrency Tied to Human Trafficking”
“Iran is an Example of Why We Must Ban Bitcoin”
“Criminals Celebrate as Iran Accepts Bitcoin”
You can imagine. It’s wise to think about it like this so you can get ahead of the slander we’ll inevitably face again.
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@roasbeef So I presume coins in existing taproot addresses would be spendable?
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in the face of quantum adversary, a commonly discussed emergency soft fork for Bitcoin would be to disable the Taproot keyspend path (eprint.iacr.org/2025/1307), effectively turning it into something that resembling BIP-360
assuming an existing precautionary soft-fork to add a pq signature scheme, this would safely allow holders to maintain unilaterally custody of their funds
a downside to this proposal is that any keyspend-only (normal schnorr sig) would be locked indefinitely
inspired by eprint.iacr.org/2023/362, I set out to address the option problem in section 6, to create a variant of seed-lifting that doesn't reveal the wallet's master secret! 🤓
the end result is a zk-STARK proof that proves: "public key P was generated using a private key k, which itself was derived via BIP-32/BIP-86 with a master wallet secret S"
this generalizes beyond Taproot, and would allow the rightful owners of any BIP-32 derived wallets to move their funds in het case of a spend disabeling emergency softfork 🛡️
the final proof takes 50 seconds to run on my MacBook with Metal GPU acceleration, uses 12 GB of RAM during proving, with a final proof size of 1.7 MB
the proving code/statement is largely unoptimized, and it's possible to aggregate several proofs into a single smaller proof ⨻
an actual production deployment would likely use a smaller optimize circuit for this specific statement, this demo serves to demonstrate that such a proof is well within reach w/ today's hardware+software
to generate the proof I forked TinyGo to add a risc0 RISC-V ELF compilation target for TinyGo: github.com/Roasbeef/tinyg…
then I used some helper utilities and a C FFI wrapped risc0 library to create a generalized toolkit for TinyGo zk-STARK proofs: github.com/Roasbeef/go-zk…
the final guest+host lives in the bip32-pq-zkp repo: github.com/Roasbeef/bip32…
such a proof scheme is yet another tool in the post quantum toolkit for Bitcoin developers to prepare for an eventual PQ world 🤠
full details in my post to the Bitcoin dev mailing list: groups.google.com/g/bitcoindev/c…
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It should be pretty obvious at this point that AI is a "force multiplier" not a "labor substitute".
It helps experts be better at things they are already good at. It doesn't let beginners match experts.
If you can't write, anything you write with AI will be unmitigated slop.
If you aren't a software engineer, anything you vibecode with AI will have security holes and won't be able to scale past a toy demo.
If you blindly trust AI to deliver on a research task without knowing the subject matter, you won't be able to fact-check it.
There's this weird misconception of AI as something that completely levels the playing field. I don't see it that way at all. There are mathematicians deriving novel lemmas with off-the-shelf models. Normal people can't do that.
AI is a tool that makes experts better. It doesn't make everyone into an expert.
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@LokiJulianus I think they also really dont like what US did, and what Israel is doing.
But they know where their bread is buttered and cant afford to criticise US to harshly.
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It’s not that hard. You just pre-pay in advance before you intend to cross. It’s only ~10 min for a confirmation. If you paying $2mil you can afford to put a high transaction fee to get priority on blockchain.
Aubrey Strobel@aubreystrobel
“We paid the toll.” “We’ll let you through once it’s confirmed.” “…we’ve been drifting for 3 hours, the fee was too low and we’re stuck in the mempool.”
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I suspected that Iran might start accepting Bitcoin. It makes perfect sense.
Daniel Wilczynski@danWilcz
Maybe they need to accept the payment in some other currency if it will still be restricted from using international finance system?
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@notthreadguy I used it 2 weeks ago to buy meat.
It works fine and this is the perfect use case for permission less money.
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That would make sense. Bitcoin goal is to be a global reserve currency. Perfect use case. For US and the west, well better Bitcoin then Yuan.
Bitcoin Magazine@BitcoinMagazine
BREAKING: 🇮🇷 Iran is accepting bitcoin for transit toll payments — Financial Times
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Daniel Wilczynski retweetledi
Daniel Wilczynski retweetledi
Email spam is also an arms race, yet we race it every day, and we don't give up on it when one spam email gets through. I and others would probably throw in a few sats to help fund a full time job for a dev whose sole purpose is to think of how to make spamming bitcoin harder and more expensive. Yes, it's not easy, but it's worth trying to help bankrupt the retards faster. Yes, I want retards' spam off my node, and no that's not censorship and its not compromising bitcoin in any way. Bitcoin doesn't entail an obligation to receive data indiscriminately. It rejects invalid transactions all the time, and the only frame of reference for determining validity is the node runner. So a node runner looking to remove retards' spam is no less valid than retards' spam. I understand that meaningful mitigation might not be feasible with current tech, and I don't particularly care as btc spam bothers me a lot less than email spam, but I still support trying harder.
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In addition to the recent digital asset bills, new AUSTRAC rules came into effect on March 30.
These expand oversight of Bitcoin businesses in Australia.
Our ops manager Mike breaks down what it means for Australians 👇
learn.hardblock.com.au/austrac-amps-u…
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@swaaalla @HardBlockBTC No but there would be ongoing obligations.
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@danWilcz @HardBlockBTC Is that something you need to renew each year
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Australia just passed its digital asset bill.
Most Bitcoin businesses — including @HardBlockBTC — will now need an AFSL + license.
It’s onerous, but manageable. It may even create a moat.
But its a higher barrier for startups and Australia needs more innovation not less.
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Daniel Wilczynski retweetledi
🤷♂Looking for a Bitcoin-only exchange
We're honoured to spotlight Hardblock, Australia's longest-running Bitcoin-Only Exchange, and is one of ABIB's founding members.
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@carri_cee And that is true, and is what was their actual plan. But they were in their late 40s. That inheritence event might not be for a while. You want to make sure it’s a trusted friend and that friend is around when needed.
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I was talking to someone about their Bitcoin inheritance plan.
He keeps his seed words in a vault.
If he dies, his wife can access it.
I asked her:
“Do you know how to restore a wallet from seed words?”
She said no.
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Well that's going to be hard for US to achieve. So:
- Probably long conflict
- Oil will continue going up for a while yet
- Higher inflation, bad for economy
bad for world but probably Bullish for #Bitcoin as a hedge.
brane mijatovic@brane_mija64426
🇺🇸🇮🇷 The US will not allow Iran to establish control over the Strait of Hormuz and introduce fees for passage through it, - Secretary of State Rubio. - Guess what , Iran, don't give a shit.
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Daniel Wilczynski retweetledi
We’re putting the call out:
We’re after more members to help drive the Advancement of Bitcoin in Australia.
Help us find 210 Bitcoiners.
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