

🇺🇲 John Kitover IL 16 🗽 Candidate Congressman
5.6K posts

@JohnKitoverRep
🇺🇲@JohnKitoverIL ⚔️@RepublicanSword 🎥♂️ @JohnKitoverIL16 👁️ @🔫 @Rep_JohnKitover 📲 ♂️ @John_Z_Kitover



The US debt spiral is about to intensify: The CBO projects that US budget deficits will rise by an additional $1.4 trillion over the next 10 years. This comes as government spending is set to be $1.3 trillion higher than previously expected. At the same time, revenues are estimated to be $49 billion lower than prior forecasts. Furthermore, net interest is projected to surge to a record $2.1 trillion in 2036, more than doubling from 2026 levels. As a % of GDP, the deficit is projected to reach 6.7% by 2036, well above the 50-year average of 3.8%. What is the long-term plan here?





What do Bitcoiners do about Quantum? with Matt Corallo | SLP719 @TheBlueMatt, Bitcoin & Lightning developer at @spiralbtc joins me to discuss the threat of Q-Day on Bitcoin, and his ideas on how to gracefully deal with it. (00:00) - Intro (00:51) - Quantum computing timelines (03:38) - Are Bitcoin developers taking the quantum threat seriously? (07:41) - Evaluating the quantum threat (10:00) - The 'Matt Corallo Quantum Plan' (17:48) - Future community decisions on quantum security (20:12) - Will Bitcoin need a soft fork? (23:30) - Market response to quantum threat (28:15) - The role of seed phrases in quantum security (33:40) - Post quantum cryptographic schemes (37:23) - Patoshi miner adapting to Q-Day (43:25) - Which public cryptography scheme is most suitable? (50:20) - Closing thoughts

Toby Sharp, Chris Hyunhum Cho, Jonas Nick (@n1ckler), and Antoine Poinsot (@darosior) joined Optech to discuss Newsletter #391: News ● A constant-time parallelized UTXO database (25:40) ● Bithoven: A formally verified, imperative language for Bitcoin Script (44:48) ● Discussion of dust attack mitigations (1:43:33) Changing consensus ● SHRINCS: 324-byte stateful post-quantum signatures with static backups (1:30) ● Addressing remaining points on BIP54 (1:10:08) ● Falcon post-quantum signature scheme proposal (20:05) ● SLH-DSA verification can compete with ECC (23:28) Releases and release candidates ● LDK 0.1.9 (1:50:27) Notable code and documentation changes ● Bitcoin Core #33604 (1:53:10) ● Bitcoin Core #34358 (1:54:58) ● Core Lightning #8824 (1:56:20) ● Eclair #3244 (1:58:17) ● LDK #4263 (2:00:07) ● LDK #4300 (2:01:54) ● LND #10473 (2:03:57) ● Rust Bitcoin #5493 (2:07:36)

@bitcoinoptech @n1ckler @darosior Regarding the state reuse there was some research, that has analyzed the security degradation. For example: eprint.iacr.org/2023/1905 and eprint.iacr.org/2016/1042 . What it shows is that we end up with security below 30 bits, sometimes much below. Which easily forgeable.

Tagging @giacomozucco , @stephanlivera , @kretchino who interacted with me about this in the past few hours. Also @darosior who implemented tap-miniscript in Core, @nunchuk_io , @bitcoinKeeper_ , @AnchorWatch , @rewindbitcoin who use it in prod. Correct me if my phrasing isn't correct, and please add if anything can help people understand better that users don't "add op_if" to their wallet, it's just an opcodes like any other.