spacestr

đź”” This profile hasn't been claimed yet. If this is your Nostr profile, you can claim it.

Edit
goatmeal
Member since: 2025-07-05
goatmeal
goatmeal 1d

I am not that excited about citrea. if I want to play with rollups I already have that on ethereum and most of them are better than citrea. I am more excited about the prospect of drivechains being added to litecoin. I would be way more excited if rootstock converts to a drivechain on bitcoin. I still don't have great numbers on how much L1 footprint citrea needs overall or per transaction, and what that would mean. each time citrea commits a batch to L1 it will post two different components in the form of an inscription: - zero knowledge proofs for the entire batch, maybe less than 50 KB every time - state diffs for each L2 transaction, compressed to maybe 35 bytes per transaction this means there is a break-even point where L2 transactions become cheaper than L1 transactions if there are enough of them in the same batch. L2 transaction cost decreases more and more based on how many people are using the L2. but! this hits a ceiling. citrea will never be able to occupy all of the space in a L1 block. you would probably never see over 150 transactions per second without a L1 blocksize increase. this has some disadvantages over ethereum's scaling strategy: - a single ethereum rollup can give way more TPS than what citrea gives, and ethereum has several - ethereum has a dedicated part of L1 blocks called blobspace. it's designed specifically for handling ZK proofs and L2 transaction data, whereas bitcoin has the witness entirely by accident and it's not optimized for this use case - the ethereum community has consensus to gradually expand the number of blobs per block over time. the bitcoin community does not have consensus to increase the effective blocksize at all in either case, each transaction on a rollup maps onto its own L1 footprint. you get a lot of compression, but you still would need to expand the available space on L1 if you want it to grow. rollups do not get around this problem, they just shrink the severity while adding more features. some more thoughts: - the escape hatch will not be available at launch. citrea is technically custodial until this gets added. I will not endorse anything that lacks unilateral exit - nobody has invented a rollup with decentralized sequencing yet, but at least it has forced inclusion to help prevent censorship - probably most of the fees paid by citrea users would go to bitcoin miners - the UX would be better than self-custody lightning and it is more useful - the people who made the OP_RETURN drama wrt citrea are probably freaking out about nothing and have no idea what they are talking about. citrea will most likely use inscriptions for everything because it's cheaper

goatmeal
goatmeal 1d

BIP 177 isn't the best thing that should have happened a long time ago but it's pretty high up there. I'd prefer to live in a world where we already implemented BIP 177

goatmeal
goatmeal 2d

this is the sort of thing that happens to "you can just build things" when it's not a centralized lightning company or a fake bitcoin wallet

goatmeal
goatmeal 2d

https://walkedoutneimans.itch.io/ipad-baby

goatmeal
goatmeal 2d

centralized lightning companies are not freedom tech. it's not real adoption. lightning cheerleaders are dupes

goatmeal
goatmeal 2d

a cashu mint is not a permissionless decentralized blockchain but I can see how it's easy to get confused

goatmeal
goatmeal 2d

everyone is using centralized lightning companies now. nobody cares or understands what's wrong with that. everyone is LARPing. they are using web wallets again. nobody cares.

goatmeal
goatmeal 3d

you are the biggest threat to decentralization

goatmeal
goatmeal 8h

50 million normies using a centralized KYC lightning wallet that snitches the wrong cost basis to the IRS just like god intended

goatmeal
goatmeal 3d

super testnet is a serial liar and a bad actor. anyone who takes him seriously is a fucking idiot

goatmeal
goatmeal 3d

when I was introduced to bitcoin over a decade ago, I was told I could send any amount of money to anyone at any time and it will always work. I was told that nobody would ever be able to steal from my wallet. these new people and their disgusting contraptions make me want to fucking throw up. they all started piling into the community 8 years ago insisting that it was all impossible and they started forcing their retarded and backwards ways on everyone and fooling new users with centralization and affinity scams.

goatmeal
goatmeal 2d

L1 capacity puts a very low ceiling on the number of people using bitcoin without going through centralized lightning companies. there is no lightning bandaid that can fix this. you are handing the ecosystem to centralized lightning companies and counting it as a massive win

goatmeal
goatmeal 2d

the game is called ipad baby

Welcome to goatmeal spacestr profile!

About Me

bitcoin maximalists are all lying scum

Interests

  • No interests listed.

Videos

Music

My store is coming soon!

Friends