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Shinobi [SHI256]
Shinobi [SHI256]

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Published in Block Digest Mempool

·Aug 20, 2021

Defining and Discussing “Bitcoin Security”

There Is No “Network Security” Human beings love to measure things. Our time, our food, everything. We do it instinctively, it’s how we track what we own and consume and all the other fun things we pay attention to. Bitcoin security is one of those things we love to measure, but it’s hard to measure…

Bitcoin Mining

10 min read

Defining and Discussing “Bitcoin Security”
Defining and Discussing “Bitcoin Security”

Published in Block Digest Mempool

·Aug 3, 2021

Lightning Network, Yield, and Incentives

What is the core incentive for locking up Bitcoin into a payment channel on the Lightning Network to route payment for other people? Make money on routing fees. What is another way to say that? To generate a yield on your Bitcoin. The entire design goal for the Lightning Network…

Bitcoin

10 min read

Lightning Network, Yield, and Incentives
Lightning Network, Yield, and Incentives

Published in Block Digest Mempool

·Jul 3, 2021

My Worries About Too Generalized Covenants

Covenants strictly speaking in Bitcoin land are just scripts or functionality that allows you to artificially restrict where a UTXO can be spent to. In general a covenant is defined as: “a usually formal, solemn, and binding agreement : compact.” These can be very useful for all kinds of stuff…

Bitcoin

6 min read

My Worries About Too Generalized Covenants
My Worries About Too Generalized Covenants

Mar 17, 2021

Anonymity Sets, Privacy, and Bullshit

This space has gotten to the point where it is almost impossible to have an honest conversation about the topic of privacy without it turning into a game of throwing marketing slogans back and forth instead of facts. Things are constantly conflated, explained poorly, and not engaged with honestly. Most…

Bitcoin

3 min read

Anonymity Sets, Privacy, and Bullshit
Anonymity Sets, Privacy, and Bullshit

Published in Block Digest Mempool

·Jan 29, 2021

Why Bitcoin Works: For the New People

This isn’t for Bitcoiners, this is for new people. I tried to boil down a comprehensive break down of Bitcoin/blockchains (and why they aren’t magic cloud databases) that should be digestable to to relatively technical new comers. Bookmark it to pass around as you need. Bitcoin (and blockchains in general)…

Bitcoin

10 min read

Why Bitcoin Works: For the New People
Why Bitcoin Works: For the New People

Published in Block Digest Mempool

·Oct 1, 2020

Thinking Beyond BitMEX: DLCs

Well, firstly I want to say that as of right now the official BitMEX announcement is effectively “We disagree Mr. Government, and intend to fight your charges. For now we will continue normal operations.” Fucking. Chad. It’s going to be an epic showdown, and I don’t need to explain to…

3 min read

Thinking Beyond BitMEX: DLCs
Thinking Beyond BitMEX: DLCs

Published in Block Digest Mempool

·Sep 23, 2020

Virtual HTLCs

The Lightning Network/Protocol has been a massive gravitational well of development attention over the last 2–3 years. I’d speculate that there is just as much if not more developer mind share concerning themselves with the ins and outs of Lightning Protocol issues as there are concerning themselves with the core…

5 min read

Virtual HTLCs
Virtual HTLCs

Published in Block Digest Mempool

·Sep 16, 2020

Things Bitcoiners Don’t Want To Hear

Bitcoin is suffering from an autoimmune disease right now. People have historically referred to active members in this ecosystem as “Bitcoin’s white blood cells.” They are now attacking Bitcoin itself, and no I am not referring to “plebs” calling out “influencers” for doing dumb shit. I am talking about the…

Bitcoin

8 min read

Things Bitcoiners Don’t Want To Hear
Things Bitcoiners Don’t Want To Hear

Jul 15, 2020

Samourai Wallet Address Reuse Bug

On the 12th of June this year, I was approached by a Samourai Wallet user who had noticed multiple instances of address reuse in his wallet. According to this user, the behavior occurred automatically multiple times without any manual intervention on their part. These instances displayed a pattern of the…

Bitcoin

6 min read

Samourai Wallet Address Reuse Bug
Samourai Wallet Address Reuse Bug

Published in Block Digest Mempool

·Jan 8, 2020

The Next Decade P4: Actual Predictions

Watershed Moments To Come (This is just Part 4 of 4, read the last part here.) Think back through Bitcoin’s history. I guarantee you a handful of events just popped into your mind first, like landmarks. If you kept thinking your mind probably started filling in from there with those landmark events as anchors. …

Bitcoin

17 min read

The Next Decade P4: Actual Predictions
The Next Decade P4: Actual Predictions
Shinobi [SHI256]

Shinobi [SHI256]

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