spacestr
thepurpose
Member since: 2023-02-09
thepurpose
thepurpose 7d

__Spark's cascading exit problem__ Note: I'm publishing this as a technical discussion. Appreciate correction if needed. This is premature analysis based on protocol specs alone, no tests or live data to validate the mechanics yet. A previous leaf owner broadcasts their stale exit tx at zero cost. Spark Operators must counter-broadcast the current owner's exit to defend, which spends the root UTXO on-chain, confirming the branch transaction and all its outputs. If a tree has N leaves (say N=50 for a moderately sized tree), all N holders must broadcast their own leaf-level exit transactions to claim funds from the now-confirmed branch outputs. That's N on-chain transactions from one free broadcast. The attacked user bears the highest fee burden. Their exit chain includes the heavy branch transaction (N outputs) plus possible CPFP to beat the timelock deadline. Siblings each pay for just one small leaf transaction. Not catastrophic. Funds are recoverable but 1 free broadcast forces N users on-chain, with the attacked user footing the largest bill. No penalty mechanism for the attacker. The coupling is architectural: one root backs many leaves, one exit kills the tree. #Bitcoin #Spark #Layer2 #asknostr #plebchain

#Bitcoin #bitcoin #Spark #spark #Layer2
thepurpose
thepurpose 13d

Anthem for Being a Bitcoiner Right Now https://www.youtube.com/watch?v=jd5E097ZpdI

thepurpose
thepurpose 13d

🚨 Observing a lot of oversimplification around multisig lately. 🚨 People confidently explaining setups they've clearly never actually configured _or_ recovered from. If you've never done a dry-run recovery of your multisig, you haven't tested your backup. Seeds, xpubs, descriptor, derivation paths, key ordering. Add all that to your backup _and test it_ or stay single-sig. So that's it: multisig isn't hard to understand, it's hard to execute. More moving parts mean more ways your backup fails when you need it.

thepurpose
thepurpose 16d

I deeply empathize with all affected Cold Card plebs. My thoughts are with you all during this difficult time. It's tearing my own heart apart too. Stay strong. Onwards. 🫡

thepurpose
thepurpose 1d

thepurpose
thepurpose 17d

I enjoy https://f-droid.org/packages/org.woheller69.whisper

thepurpose
thepurpose 1d

👀 a npub @ #burningman #blebchain

#burningman #blebchain
thepurpose
thepurpose 19d

#asknostr

#asknostr
thepurpose
thepurpose 21d

PV 🫂

thepurpose
thepurpose 21d

"Because here is what the strategy of tension actually wants: it wants us tribal. It wants the community exhausting itself in a two-sided war while the real campaign — stablecoins, CBDCs, custody, hashrate, developers, economic nodes, all centralizing at once — proceeds above the noise. The most radical thing we can do is refuse the tribalism, understand the whole board, and resist concentration wherever it appears, on either side." -- Simon Dixon https://www.simondixon.com/blog/bip-110-the-spam-war-and-the-battle-nobody-wants-to-name-where-i-stand-simon-dixon #bip110

#bip110
thepurpose
thepurpose 23d

Thank you for the hint about private zaps to exchange information.

thepurpose
thepurpose 24d

yes. or dm's fixed in nostr. PV 🫂

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I see connections. My hand is bigger than my mouth. I act accordingly. We are all winning. SimpleX Chat: https://smp10.simplex.im/a#6wfdxmiqUDxda-hUPcHAhxcUycg59v8ndQJpZJv6LRs Send me SimpleX Chat messages instead of nostr DM's.

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