Posts by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
 (DIR) Post #AcJnLqPnxyHLhL8v6u by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-11-30T02:34:41.000Z
       
       0 likes, 0 repeats
       
       Answers one of my questions 🥲note13j3j8eax66kn7r02xxv39jwvywhy3pxqh0w60f0zjvx33yrv0h5sz8xs3g
       
 (DIR) Post #AcKqzAer8FNInIaRJQ by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-11-30T14:50:10.000Z
       
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       They call it "spam filtering," I call it censorship.Confirmed that @npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze is filtering Inscriptions as "spam" today, with no recourse for miners until Stratumv2 is live "over the next year".https://nostrcheck.me/media/public/6aaea5b427cd5816cdf6249e94761efad49839adc15071e550caec4688eae4d3.webp
       
 (DIR) Post #AcKr9zWCtA9XQmhVUO by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-11-30T14:52:08.000Z
       
       0 likes, 0 repeats
       
       No clue how @npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze can sell itself on a platform of "transparency" and "bringing censorship-resistance back to Bitcoin" when this is how they approach things.Can't think of a more disappointing Bitcoin launch in recent memory. Maybe community pushback will make them rethink their approach, but I can't sit by and watch this unfold without calling out this BS.https://nostrcheck.me/media/public/57f54acce26acba03282480936f7b055452c28fe0d80001376e127b48e9906cd.webphttps://nostrcheck.me/media/public/288026b002e71c2faa76ee64b7795141e98ade94b157412beb7cecc4b50b9b11.webphttps://nostrcheck.me/media/public/4409358f1bcb29e0964a07352a26e1b1cc32796a29cb212e4c5ce3eafd41f57b.webphttps://nostrcheck.me/media/public/8dde889e9227e7ad1d2c6479504ed24e000dc70880d20e5a1845ef81e98ddcf3.webp
       
 (DIR) Post #AcKrF9rXrBMMxd94Ay by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-11-30T14:52:39.000Z
       
       0 likes, 0 repeats
       
       note1a6j7cv5v7pmtuxpjlnw7tjlpna77r47h77v6u78wtus8sa2j25rqy9gncj
       
 (DIR) Post #AcL3Z7IWIlOKFP2udE by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-11-30T17:11:05.000Z
       
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       They won’t have the Stratumv2 integration done anytime soon, just said “in 2024.”Until then they’re not at all preventing censorship and are instead just doing their own.
       
 (DIR) Post #AcT3AqjPnUHDBOjYrg by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-04T13:44:16.000Z
       
       0 likes, 0 repeats
       
       Coin control even grandma can use is finally here 👀Live on all app stores and Github, F-droid release is coming shortly!Can't wait to hear all your feedback on it as we focus on every powerful aspect of Envoy over the course of this week.
       
 (DIR) Post #AcVAHltpFVQQDclrMG by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-05T14:12:39.000Z
       
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       We built our dream coin control implementation, and it's 100% free and open source 🤝If I'm being honest, the only time I've ever used coin control in Bitcoin is when I'm using @SparrowWallet because it was such a pain on mobile before.We worked hard to make it approachable, flexible, and giving users total control. Coin control in Envoy grows with you as you become more familiar with the concept and comfortable with tagging and spending from tags, and lets you go as simple or as complex as you'd like.So proud of how this implementation turned out, and extremely grateful to the entire Foundation team for how much time and effort went into it! Would love to hear y'all's feedback on coin control in Envoy when you test it out and we can continue improving it as we go.
       
 (DIR) Post #AcVXrrV0CmDExML22a by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-05T18:37:43.000Z
       
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       Have friends and family that are turned off by the concept of writing down and backing up seed words?There's no better alternative solution than Magic Backups in Envoy, and you can easily help them grow into a fully self-sovereign setup over time w/ Passport.For the more technical users:One of my favorite things about our approach at @83d8bb23 is giving users the tools to slowly increase the sovereignty of their stack over time, so you can start with the simplest approach and gradually improve your setup as you learn more without needing to switch to other apps or hardware.You more advanced users can leverage one of the best parts of Magic Backups (app data backups) while bringing your own seed to Envoy or letting Envoy generate one for you.Simply pick the manual flow when you setup Envoy then you can export the Envoy Backup file anytime after setup with a tap (encrypted by your seed automatically!) and store it on your own computer, encrypted cloud storage, etc.Whenever you need to restore Envoy, just enter your seed phrase and Envoy will prompt you to select an Envoy Backup file, automatically decrypt it with your seed, and restore Envoy exactly back to the state it was in when you backed it up.✅ All accounts restored✅ All history restored✅ All settings restoredI do this currently with a child seed derived from Passport Key Manager extension (foundationdevices.com/2023/05/all-yo…) and store my Envoy Backup file on my self-hosted Nextcloud instance. All I have to do is keep Passport properly backed up and I can restore Envoy from scratch anytime, anywhere.
       
 (DIR) Post #AcXJbznaZKX71RUZIu by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-06T15:07:31.000Z
       
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       First, they came for the Inscriptors and I didn't speak out.Then, they came for the Ordinal Enjoooyers and I didn't speak out.Next, they came for the Whirlpoolers and I didn't speak out.Where do we draw the line with censorship?
       
 (DIR) Post #AcXMdJ80UK6h7hMLuy by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-06T15:41:21.000Z
       
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       So we should just let it happen since it’s not a big deal (yet)?
       
 (DIR) Post #AcXO8U1M8gNZpzg76G by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-06T15:58:01.000Z
       
       0 likes, 0 repeats
       
       Ocean isn’t FOSS, so…
       
 (DIR) Post #AcXQCF4ProLYXH1u52 by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-06T16:21:09.000Z
       
       0 likes, 0 repeats
       
       https://nostrcheck.me/media/public/a18f1340c1c7f693f50fe67475d726087b8b2a1e236b5f04d6d0aa5f09c814b6.webp
       
 (DIR) Post #AcXTFYQudHGHJsp69I by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-06T16:55:33.000Z
       
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       Running an outdated node doesn’t affect what gets included in blocks.I was talking about Ocean, not Knots, Knots is a joke as Luke Dash Jr has 100% control and merges whatever he sees fit directly into main lolI can both think the free market is the ultimate judge and bring attention to this to our social pressure on them and be sure miners know what they’re getting into when they mine with Ocean.On the plus side at least Ocean is being transparent about their censorship now!
       
 (DIR) Post #Acw79PyznvYfQHzSIC by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-18T14:15:27.000Z
       
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       # Taproot didn’t cause Ordinals ❌I've seen the view that "Taproot caused/enabled Ordinals" commonly mentioned across Twitter, and it's one that can be extremely harmful. Many in the space would love to further ossify (prevent change) in Bitcoin and use Ordinals "spam" as the reason for doing so, but I'd argue that that would be the worst possible outcome from this situation.This needs a lengthy explanation to properly grasp what's at play here, though, so let's get into the fun details.## Arbitrary data in Bitcoin has always been possibleSomething most people don't understand is that a system like Bitcoin is built for data storage, it's just intended for monetary data. This design made it possible from day one to include arbitrary (arbitrary) data into the blockchain, either through methods like OP_RETURN (a good place for storing arbitrary data as it can be easily pruned) or in tweaked pubkeys (a bad place for storing arbitrary data, as it cannot be pruned).Some examples of this:- Satoshi inscribed a newspaper headline in the genesis block coinbase (https://mempool.space/tx/4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b)- Luke Dash Jr. used his pool to inscribe Bible texts and prayers in 2011 in the coinbase (https://bitcointalk.org/index.php?topic=38007.0)- Someone added the entire Bitcoin whitepaper to the UTXO set in 2013 (https://bitcoin.stackexchange.com/questions/35959/how-is-the-whitepaper-decoded-from-the-blockchain-tx-with-1000x-m-of-n-multisi)All of these happened before both SegWit and Taproot, and there are many more cases of this type of data storage on Bitcoin.## But I thought Taproot enabled this?Unfortunately, there is a common misunderstanding (thanks for the troll name [@TaprootWizards](https://twitter.com/TaprootWizards) 😅) that Taproot enabled this type of data storage, thus opening the way for Ordinals "spam." In reality, this type of arbitrary data storage on Bitcoin has always been possible, but was made much cheaper to do with the introduction of SegWit in 2017.SegWit was a major upgrade and bug fix for Bitcoin that enabled the Lightning network to be built and included a 3MB "witness" data allowance within each block w/ reduced fees for data to incentivize spending UTXOs (therefore making them prunable). More on SegWit in a fantastic post from [@River](https://twitter.com/River) here:<https://river.com/learn/what-is-segwit/>This incentivized portion of each transaction (called "witness" data) is intended for things like Bitcoin scripts, but can be used to store any data as long as it's done the "right" way. Specifically, Ordinals store them in an "envelope" between two opcodes, allowing the data to count as witness data and get the discount. This storage method was possible before SegWit, but now saves on fees in comparison to pre-SegWit usage.While this of course was not the intent of SegWit, it underlines the simple fact that if someone wants to store arbitrary data in a blockchain, they will find ways to do it.## Does that make SegWit bad?If your first reaction is then to want to raise a pitchfork and campaign for no more changes in Bitcoin, remember this -- without the SegWit soft-fork there would be no Lightning network, no discount for users consolidating UTXOs, and instead users would be incentivized to create more un-prunable UTXOs as it's cheaper to create than to consume UTXOs w/o SegWit.Additionally, Ordinals being stored in witness data allows those who run a node to easily prune them and not store them in RAM, unlike any method that leverages pubkey tweaking or other types of stenography to include arbitrary data on-chain. This means that the actual impact of Ordinals on those who run a node is drastically minimized versus other arbitrary data storage methods.## If we didn't have SegWit, Ordinals would all use the UTXO setIt's extremely like that if we had never included the SegWit soft-fork into Bitcoin that the Ordinals craze would still have happened, and along with it a drastically worse outcome for the blockchain. In this alternate reality, Ordinals (and all similar NFTs) would likely be inscribed directly into the UTXO set, similar to how Stamps function today.Some within the Bitcoin community have been asking for a removal of the SegWit witness data discount to force Ordinals to pay the same fees as all other users per byte. Unfortunately, this would have two extremely detrimental side-effects: it would disincentivize healthy UTXO management (consolidating UTXOs vs creating new ones) and incentivize Ordinals to be put in the UTXO set directly.While putting the data into the UTXO set does cost those creating these NFTs drastically more, it also means that those running a Bitcoin node cannot prune the data, no matter what. Bitcoin relies on nodes being able to retain the entire UTXO set in order to verify transactions properly and prevent double-spends, and any data within that UTXO set must be kept in perpetuity.That would be drastically worse for those running a Bitcoin node, and makes the Ordinals in SegWit witness data pale in comparison when it comes to negative impact on Bitcoin nodes.## So what can we do about it?The solution to reducing the cost of using Bitcoin is not censoring Ordinals (something that isn't even technologically possible, BTW), but rather is finally building solutions to Bitcoin's long-term scaling. Ordinals have highlighted something most of us knew would happen -- base-layer fees would become untenably high, as they have to for Bitcoin to be secure long-term.In order for the average person to use Bitcoin, we need powerful scaling solutions like layer twos, and unfortunately Lightning in it's current form isn't the final solution. Lightning relies on every channel-owner (and thus user when done in a non-custodial manner) being able to settle back on-chain to resolve disputes, something that isn't economically feasible in a realistic fee environment.## The solution? CovenantsEnter covenants, an improvement to Bitcoin that has been a long-time in the making and is finally picking up the steam it deserves in the space. Covenants enable both improvements to Lightning that make it drastically more scalable, and new layer two networks to be built that have different (often better) trade-offs compared to Lightning.As this post is already getting a bit too long I won't dive into the details of covenants, but instead ask you to spend a few minutes going through this fantastic set of resources on covenants to better understand what they enable:<https://covenants.info>Have questions? **ASK THEM!** The best way for the broader Bitcoin "rough consensus" layer to work is for more people to step up, learn, and ask questions as they go.
       
 (DIR) Post #Ad2eh1YEZHy4YXPKNM by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-21T17:59:45.000Z
       
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       👀👀👀
       
 (DIR) Post #Ad6QYwNg50gypAvG1A by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-23T13:40:13.000Z
       
       0 likes, 0 repeats
       
       It was accidentally DDoSd 😅https://x.com/sethforprivacy/status/1738366232628261286?s=46
       
 (DIR) Post #Ad6QsEyv9B7q11Xt7A by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2023-12-23T13:43:38.000Z
       
       0 likes, 0 repeats
       
       It’s official, I’m on #TeamNerdMiner ⛏️Had to pick one of these up and support the amazing work of @bitmakerAbsolutely love the educational aspects of this, and a great way to play with @Public_Pool_BTC more as well.Can buy your own here, great way to support the amazing dev behind the NerdMiner project!https://bitronics.store/product/nerdminer-crystaledition/https://nostrcheck.me/media/public/c33bad2adea0a763cced184cf60fcbb515a268a8d04752779b6129c14680ed8c.webp
       
 (DIR) Post #AdRGofjdLlKOk3RuV6 by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2024-01-02T14:59:49.000Z
       
       0 likes, 0 repeats
       
       Hey @fa984bd7 could you reply to my DMs about nsecbunker please?
       
 (DIR) Post #AdRJRdmUkREjssUrkO by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2024-01-02T15:29:25.000Z
       
       0 likes, 0 repeats
       
       Not sure, have sent from Damus and Nostur using the relays on this profile.Are there some I need to add?
       
 (DIR) Post #AdRXUMbQTMKCphVnzU by 58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9@mostr.pub
       2024-01-02T18:06:51.000Z
       
       0 likes, 0 repeats
       
       Taproot support is finally here in Envoy, and paves the way for full Taproot support in Passport v2.3.0 which is almost ready 👀I use Envoy for all of my on-chain Bitcoin savings and spendings now and have been loving the coin control support we added in v1.4.Highly recommend taking the time to try out Envoy, 100% free to download and always open source!