A brief but very illuminating Bitcoin thesis from Jason Smith @iwearahoodie (on Twitter), read and analyzed by Guy Swann @TheCryptoconomy
The Bitcoin 5th column is real, and growing. Like deep cover Soviet moles but loyal to the ideals of a global individualist movement, not a socialist one.
We collect a regular paycheck, but watch the growing value of Bitcoin with more than idle interest. We might fit in as loyal corporate workers, but are secretly working to overthrow the economic system that allows the bourgeois management class to rule. Our manifestos come from Tim May and Eric Hughes. Builders of the world, unite!
Peter Todd in March 2001:
"Of course getting hashcash workable as a real currency is extremely difficult. I've thought of a scheme that would work (coins are signed by owner and can only be changed (signed to a different owner) by owner) except you need a decentralized "central" database of all the hashcash that's been minted. Unworkable. [email protected]#$ spend-twice problem. :( "
@Blockstream I can see that the current protocol has three phases, but that the first two are only to commit to and then broadcasting each signers nonce.
After those first two setup steps, can signing happen non-interactively?
It looks like just a EC addition of the partial signatures if I'm understanding it correctly.
For those that missed it.. @nvk bounced a BTC private key off the ionosphere using HF radio.
Code drop from @Blockstream with MuSig implementation for elements. Very exciting!
A new blog post about the security of Schnorr signatures.
There's probably a strong inverse correlation between how much effort I put into these posts and how many people read them :) But, you might find the slightly eccentric first few sections interesting, at least :)
If you're interested in the endless Gox saga, this appears to be a must-read:
Take my money? http://reddit.com/r/Bitcoin/comments/aji9g9/take_my_money/
I like the topic list and happy to see more Bitcoin not Blockchain conferences being organized.
My student @[email protected] is trying to integrate the Raspiblitz project with the DietPi Linux distribution -- allowing it to run on more powerful devices like Odroid and ROCK64.
His fork: https://github.com/openoms/droidblitz
Bug he's stuck on: https://github.com/rootzoll/raspiblitz/issues/244#issuecomment-456573152
Linus Dunkers followed all known tax reporting rules, but got hit with a retroactive reclassification of his trades and a $1M tax bill.
Buying bitcoin on one of 20,000 Coinstar machines http://reddit.com/r/Bitcoin/comments/agyv63/buying_bitcoin_on_one_of_20000_coinstar_machines/
RT @[email protected]
We're excited to announce the launch of the #SatelliteAPI Beta! Pay via testnet #LightningNetwork to globally broadcast data for exciting new use cases! Mainnet support coming soon. Get started building ⚡️+🛰️-powered apps today! https://blockstream.com/2019/01/16/satellite_api_beta_live/
But the real interpretation is that both mixed outputs go to one participant and both change outputs go to the other participant. It breaks the classic assumption that each participant is associated to 1 mixed output and 1 change output.
@samouraidev Yes, very good example; violates UIH1 (which will often be the case), but it's of no consequence, because it doesn't violate UIH2, so it looks like it could be an ordinary payment of 0.07842... ; and unlike my example there isn't some obvious giveaway with a rounded amount.
In practice I think there is basically zero chance that analysts will even *consider* the p2ep possibility. By the time they do it will be increasingly obvious that "chainalysis" is basically broken.
RT @[email protected]
Wow! invoice-less payments are coming to lightning! This unlocks a whole set of possibilities for end user UX. Thank you @[email protected]!! https://twitter.com/Stadicus3000/status/1084010396724408320