jude.btc 🟧

@DeOrganizedBTC Re: who runs the pruned nodes. First, all block data is present in all nodes; there's no loss of data. Second, a "pruned" node can answer any query an unpruned node can.

DeOrganized LIVE+ | CHF Stablecoin, Marathon Loss, ETH 2029 Vision + Stacks Zealy x.com/i/broadcasts/1…

Currently working on self-custodial wrapped Bitcoin DeFi. You keep your BTC safely locked up on-chain but get to do DeFi stuff with its wrapped form on Stacks.

Every network-attached computer inevitably becomes an ad platform

🔥 First hands-on Rendezvous tutorial just dropped. Stop shipping paper-thin contracts and run it; you’ll pay for your bugs one way or another (as @JudeCNelson once said). Questions, feedback, spicy takes — bring it. stacks-network.github.io/rendezvous/cha…

@alexlmiller @Stacks I think you may have a bug in the way it reports contract-call fees

I've been tweeting about SIP-31, but even more important: the Hiro Explorer got part 1 of it's makeover! The Hiro team (especially our designer Ginny and devs Heidar, Nick, & Andy) have spent months re-imagining what a @Stacks explorer should feel like in a Nakamoto world. It's got a more modern look, is way faster, and really highlights the connection between Stacks & Bitcoin. The release today has a totally redesigned homepage, transactions list, header, and footer - the rest of the pages will be rolling out soon but get the new UI/colors today. Take it for a spin and let me know what you think!

@bitrabbit_btc @andrerserrano The reason I'm not losing my shirt about this is because the chain's utilization is nowhere near its maximum capacity today. Let's wait for that limit to be reached first, especially since engineering time is limited and IMO better spent elsewhere for the time being.

We are in a bad situation caused by the limited network capacity, however don't see enough concerns on this yet, really hope to raise more concerns on low-level hardware requirement and performance issue from Stacks community and core teams. @JudeCNelson @andrerserrano @AdrianoDiLuzio @reubs_btc @visionsbtc Here are my some points of why $250/month nodes or higher level hardware and tenure-extend time decreasing and tenure budget increasing are reasonable, essential and urgent: 1.The current Stacks nodes requirement is too low, that caused Stacks effective TPS(effective TPS is measured by daily transactions including transfer and function call)is so small: Stacks signer nodes are running with 256MB RAM old computer, much lower than ETH, ETH validators requirement is at least 32G RAM and 100Mbps bandwidth, and Solana validators requirement is much higher with 512G RAM and 1-10Gbps bandwidth which costs more than $3000/month. Thus the actually measured Stacks TPS < 0.5, ETH TPS : 12-15, Sol TPS:1200-2000 Solana has more than 100M txs per day and ETH has 1M txs each day, while Stacks is less than 10k. x.com/bitrabbit_btc/… 2.Because of PoX, Stacks could never be decentralised like ETH or even not as Solana, Stacks has 5 miners and 43 signers, while Solana has 1400 validators, ETH has more than 12000 physical validators. Coz Stacks inherit bitcoin finality and security, in the Trilemma, we have high security but sacrifice some decentralisation, thus we are ought to improve scalability and performance as much as possible. 3. In 2050, after 6 times bitcoin halve, bitcoin block reward has declined to 0.049 BTC, to maintain current proportional security, bitcoin transaction fees have to exceed 3 BTC/block or more. We estimate BTC price in 2050 is $1M(it's a fairly conservative assumption), which means Stacks miners single transaction fees of PoX on each bitcoin block will exceed $500, and the $500 fee doesn't include the bidding BTC amount to Stacks signers, so every single Stacks miner will cost more than 500•144•30=$216M fees every month in 2050. By contrast $250/month hardware or even higher is negligible. 4.The limited network capacity has caused many negative effects: All the applications on Stacks were dragged down by low network capacity, Stacks connot attract new users who get used to the high speed chains like Solana and Sui, and old users keep leaving, also without high throughput, DEFI activities based on sBTC connot thrive. Without high network capacity, all the good tendency like memecoin wave and even BTCfi of sBTC were broken on halfway. Also inactive on-chain activities and low market cap has resulted in emission plan changing and sBTC supply increasing plan carry-forward, it's backward flywheel. 5.Once we achieve high throughput by increasing tenure budget and hardware requirements, we could enter the forward flywheel cycle: •performance improving----> •on-chain activities blooming and more active uers coming from Solana and ETH ----> •STX market cap rising ---> •Stacks miners and signers amounts increasing ---> •sBTC supply increasing ---> •BTCfi on Stacks based on sBTC thriving ---> •STX market cap rising ---> next circle 6.There are multiple teams exploring different bitcoin L2 solutions, some new L2s may copy PoX but implement the same expensive hardware and high block bonus strategy of Solana to reach high throughput, it's a potential threat to Stacks in the future.If that happens, Stacks may lose its leading position. ETH's failure has warned us that uers' experience always be the first priority, decentralisation is not as important as fast speed and cheap fees for most chains coz the the function of smart contract has been proven to be literal casino, besides bitcoin is the real money and currency, all chains are casinos.

@alexlmiller I think it's less of a govt vs private industry consideration, and more of a "billionaires have outsized political and cultural influence that, when flexed, inevitably creates outsized problems" consideration.

I think leftists ultimately hate billionaires because they realize deep down how much more private industry is capable of achieving compared to modern governments

@alexlmiller @micahsb Why do you believe that this would change DJT's mind? He's gonna abuse the pardon either way. I hope Joe abuses the ever-loving shit out of the pardon, to the point where there's bipartisan support for a constitutional amendment removing it.

@micahsb i'm not saying he wouldn't do it anyway - i'm saying that he and his defenders will have a (powerful) piece of evidence to point to as "see, everyone does this, what we're doing isn't abnormal"

Biden got Trump elected by refusing to drop out And now just gave him political cover for whatever pardons he wants to issue Thanks Joe!

@bitrabbit_btc The system wasn't running at full capacity that day, either. Its theoretical peak TPS prior to Nakamoto was more like 25 TPS. Nakamoto removed that limit from consensus and delegated it to signers, so signers can throttle it up to whatever speed the network can support.

@JudeCNelson On nakamoto upgrade day, i saw max 2000+ txs in meempool, and that day confirmed 18k txs, still the fewest chain twitter.com/bitrabbit_btc/…

Almost each day Stacks has fewest transactions in all L2 layers, the TPS is supper low, tenure extend is not enough to satisfy the demands, we still have long way to go to improve performance. data source: signal21.io Daily transactions of last 24 hours Bitcoin: 540305 Core: 727694 B2: 348273 Bitlayer: 155391 BOB: 88015 Rootstock: 10865 Stacks: 10215 @muneeb @AdrianoDiLuzio @andrerserrano @JudeCNelson

That's not a fair reading of what she said. Her point is far stupider. Her family has been here illegally for decades. She's mad they don't get status, but the people following the law and applying for asylum and work visas do. She wants rule followers deported.

Narrative violation

Want more Bitcoin? Get #Stacks which shits out Bitcoin. You’d be surprised how the sats add up over the years. Too lazy to DIY? We’ve got an AI to help with that too

Upgraded my personal block explorer [1] to support Nakamoto chainstate. Enjoy! github.com/jcnelson/statu…

1/ Exciting news today – Bitcoin L2 Labs has officially launched 🧡 We’re here to advance @Stacks core development and push forward Bitcoin Layer 2 adoption, building on the recent Nakamoto upgrade. 🧵

NEVADA VOTERS: 10,000+ mail-in ballots are at risk of being rejected — but the votes will be counted if voters cure their ballots and fix any errors! The cure deadline is 5:00 pm on Nov. 12. Check the status of your ballot and cure it today, if necessary: cure.nv.gov

Join Friday's SIP Community call at 11 am EST! 📅 Time to discuss all votes going on in the ecosystem like SIP-028, SIP-029 & Proof-Of-Work retroactive funding Set a reminder to stay up to date with Stacks "Voting season"⬇️ x.com/i/spaces/1MnGn…

Y'all worried about the price of eggs, I'm worried if I'll be legally defined as a human being tomorrow. We are not the same.

Reposting this graphic of when the red mirage dissipated in 2020. Take a deep breath, everyone, and hunker down.