At this rate, you could just move to monero and forget about bitcoin. What's the point of all this if the security model is gonna be worse than monero's where big players could do reorgs at a whim.

The shit that is currently happening is not a security research. It's attention diverting kabbalah tech.

Is nostr.wine dead?

The current thing in #bitcoin

The #bitcoin community is conducting a constitutional dispute before there has been a constitutional violation; the technical stakes of the current dispute are relatively small, while the perceived future governance stakes are enormous.

While it is convenient to think that five companies control mining, I think the genuinely interesting number to investigate is physical hashrate ownership: MARA + CleanSpark + Riot + IREN + Bitdeer + Bitmain-related operations + large private farms, etc. That would tell us whether Bitcoin's actual ASIC ownership is concentrated in 5, 20, 100, or 10,000 economic entities. That number is far more relevant than the pool pie chart.

Don't trust anyone. Especially the experts.

GM from Gibraltar :sputnik:

It's uncomfortably odd to see that bitcoin space is filled with cry babies and emotionally driven fags.

The Knots/Core split is not a sideshow. It's probably one of the healthiest things that could have happened to Bitcoin's implementation layer, because it reminded everyone — including Core — that #Bitcoin Core is not Bitcoin.

Weird ideas such as bringing contemporary progressive language politics directly into Bitcoin Core.

A small professional network has accumulated more agenda-setting power over Bitcoin's dominant implementation than we generally like to admit, and the informal nature of that power makes it harder to audit.

#Bitcoin Core underwent something resembling the institutionalization seen in many successful open-source projects. The original culture was unusually adversarial: distrust everyone, aggressively challenge assumptions, don't care who somebody is, make the code prove itself. As Bitcoin became valuable, full-time development became professionalized. Professionalization created employers. Employers created funding committees. Funding created careers. Careers created mentorship pipelines. Pipelines created reputational networks. Reputational networks created social norms. And social norms inevitably created insiders and outsiders.