JPEGs, spam, and junk items on the Bitcoin blockchain are distractions. The real adversary is companies like ChainAnalysis, whose voodoo science threatens Bitcoin's foundational principle as a peer-to-peer currency. In the Roman Sterlingov case, unreviewed, closed-source
Excited to announce the release of our latest paper, working tirelessly with
@raypaxful
and Antoine Riard! We propose a new peer-to-peer electronic market system built on the
#Bitcoin
and
#Lightning
. It's open-source and we've already started implementing it!
#opensource
Today we introduce MercuryLayer, our new Bitcoin Layer 2 initiative! We're thrilled to announce this significant step in our journey. Inspired by
@SomsenRuben
statechains paper, we initially developed MercuryWallet in 2020.
Exciting news! Proud to announce the first release of CivKit Node, a basic Nostr relay with additional features for a functional peer-to-peer market board, written in Rust. Check out the GitHub link below to explore and get involved!
🔗 GitHub:
Bitcoin was created to be a superior form of money, not a religion. The moment it becomes blind dogma rather than an evolving financial innovation, it's time to reevaluate
The Irony of Bitcoin Influencers and the Myth of Software Ossification
In the dynamic and often speculative world of Bitcoin, the concept of 'software ossification' becomes a paradox, especially when promoted by certain Bitcoin influencers. It's almost comedic, akin to armchair
Success in Bitcoin was always destined to attract adversaries, particularly in the form of weak men. These individuals, lacking in both vision and integrity, are the true enemy. They articulate convincingly, yet they possess no substantial history of creation or contribution. In
Always said: Scalability issues = users, a good sign. Being hacked = we're valuable. Our database on the
@mercurylayer
testnet was hacked & faced a ransom demand yesterday. If these numpties had read our docs, they'd know we're a blinded service with no valuable data. Proves why
Do you truly want Wall Street's involvement in funding Bitcoin development?
History suggests this is dumb, as their track record indicates a propensity for imposing control.
I have firsthand experience working within Wall Street, building trading and risk software. I
It's remarkable that in 2024, there is still a misunderstanding that recording data on a blockchain automatically creates a 'digital asset.' Companies have tracked ownership of stocks and other assets digitally for years without using blockchains. The primary purpose of a
💥 Revivez Surfin' Bitcoin 2023 en vidéo, la conférence incontournable de l'année !
#SBTC23
On a hâte de vous retrouver l'année prochain pour la 5e édition 🏄♂️😎
All our bank accounts have been frozen. We cannot do our campaign work. We cannot support our workers and candidates. Our leaders cannot travel from one part of the country to the other. We're unable to put out our ads.
This is being done two months before the election campaign.
It seems that
@torproject
is suffering under DDOS. Projects are going to have to be network agnostic and be able to switch to different networks. We have been looking I2P. Coming soon...
Lightning Latch Transfers Unlocked 🔓
We at
@commerceblock
been working hard on attaching spending conditions to existing statecoins!
With
@mercurylayer
's blinded servers, we can now leverage Hodl invoices to lock funds until a payment hash pre-image is revealed. This allows
They rendered gold irrelevant by reducing it to a mere pet rock, with boomers insisting it will regain its former glory. The same narrative is happening around Bitcoin. Let's not forget the Bitcoin paper: 'Bitcoin: A Peer-to-Peer Electronic Cash System.' Its for payment not just
The system enables censorship-resistant and permissionless trading between users of Bitcoin. We leverage the Nostr protocol for a decentralised P2P order book and the Bitcoin for our Web-of-Stakes market ranking paradigm
#Nostr
Overwhelmed by inquiries about creating a token for
@mercurylayer
. Surprisingly, those asking haven't grasped from our docs that it's not feasible. A 30-second read would clarify!
#Bitcoin
#ReadTheDocs
Layer 2
@mercurylayer
employs a decrementing locktime contract, where the lifespan of a state coin diminishes by 8 hours with each statecoin transition. This process hinges on the nLockTime parameter in transactions, a feature designed to enhance security. The rationale behind
There are no UTXOs stored in
@mercurylayer
; it does not exert control over transactions. The service functions purely as a blind signing service. As long as the service can confirm that a session owner can cryptographically prove ownership, it will sign. It does not verify the
We've started implementing the ideas from the paper, and it's an open-source project. We invite you to join us and contribute to the codebase. We're open to pull requests and believe that collaboration will make this project even more successful. 🤝
#collaboration
🚀 Exciting news! The Staking Credentials spec, part of the upcoming
#CivKit
project, has been released! Initial code drop is less than a month away. Get a sneak peek here:
The UK government claims we're the crypto capital, but that's BS. Need to set aside distractions like digital assets, stablecoins, CBDCs, mining and ideas like bangers & mash on the blockchain. Focusing on Bitcoin being used as payment is a quick win for gov and BTC users alike.
This is 100% true.
Tax it as a currency & people will use it as a currency.
Tax it as an asset & people will use it as an asset.
El Salvador 🇸🇻, Portugal 🇵🇹, Germany 🇩🇪 etc. made it possible to be used as a currency for tax treatment.
The "bitcoin needs bigger blocks" argument reminds me of my banking days. A trader said "Make the app faster, just use multiple threads." I was dumbfounded by the naive belief that tweaking one parameter could magically solve performance issues. It severely underestimated the
In just 2 weeks, Civkit Node (Nostr implementation) will support on-chain payments, DDOS protection, and pay-to-publish! Dive in:
#CivkitUpdate
Not many may know, but you can already run a Civkit node. Give it a try. Currently you can publish offers,
Running CIVKIT,
CIVKIT is advancing Satoshi Nakamoto's Bitcoin vision, striving to achieve the full potential of the BITCOIN .it’s creating an unstoppable global electronic marketplace, empowering individuals worldwide to construct their own peer-to-peer trading platforms
A question we frequently get asked is why not use a federation of signers for
@mercurylayer
. I've answered this many times. It's not until you spend time designing and thinking about execution that you encounter challenges. The current protocol is totally blind, and the benefits
We plan to provide these tools alongside the release of full cryptographic blinding for Mercury. This ensures that Mercury will no longer see any Bitcoin addresses or possesses any information about deposited coins or swaps.
Bitcoin's journey to becoming money hinges on our ability to build practical use cases that leverage it as money.
While milestones like ETFs, new exchanges, and public companies adopting Bitcoin bolster its status as digital property, they alone do not fulfill the vision
MercuryLayer will be live by Q4. We still provide a default wallet on Stayed tuned. Working on mobile / desktop support with lightning network integration.
As we move forward with our new Blinded MPC off chain layer. We will discontinuing support for Mercury Wallet. Services will remain available for a 3 month period which is the duration of a statecoin. Look out for production release of Mercury Layer.
Mainstay is coming to Civkit! What's the impact? It ensures proof of publication for Civkit market orders and integrates seamlessly with the expansive Nostr ecosystem. Expect more use cases and experiments on the horizon... 🔗
#Civkit
#Nostr
#Bitcoin
If I wanted a scambrian explosion of shitcoining "on Bitcoin" I would claim that "a fork is coming" so that people would be tempted to align behind one of several script options (all of which lead to a shitcoin explosion).
But what if "Fork coming!" is just marketing?
Mercury Updates
#MercuryLayer
is nearing completion, and soon you'll be able to perform fully-blinded transfers of private keys. 🛡️
👩💻 Check out the dev branch to download and explore:
🤔 Questions? Join the conversation here:
We're hopeful that the highly anticipated AnyPrevOut upgrade to Bitcoin will be happen within the next year.
This new feature on the consensus layeer will enable many improvements to MercuryLayer, including the possibility of establishing a shared global on-chain state.
Market trades are locked under Bitcoin contracts to avoid reliance on trusted third parties for dispute arbitration. Privacy-preserving service credentials backed by Bitcoin payments incentivise all market nodes.
#decentralized
Our ultimate goal is to stimulate the development of more 'Lightning-aware' applications. By integrating custom scripts, Discreet Log Contracts (DLCs), and
#Taproot
, we aim to collectively facilitate this ambition. 🚀
Over the past week, I've delved into reading Satoshi's emails, gaining fun insights. One striking realisation is that Satoshi never sought permission; he simply forged ahead with his vision.
The moment you seek permission, you cede a portion of your power. No entity willingly
"The Web as I envisaged it, we have not seen it yet. The future is still so much bigger than the past." - Sir Tim Berners-Lee
"The Bitcoin as I envisaged it, we have not seen it yet. The future is still so much bigger than the past." - Anonymous
Its not time to ossify...
Rethinking Bitcoin adoption: It's clear that top-down approaches with politicians may not be the best path. Just like Bitcoin's origins as a grassroots movement, perhaps we should engage politicians in a similar narrative. This weekend, I discussed with Councillor
@AmandaJayneB