While this discussion is a nice excuse to use some mildly interesting math, in the end it’s totally pedantic.


Could be a painting


Come to the Toronto meetup this week and I’ll give you a crash course. I’ve been there.


Co-signing this. It’s not your back that needs adjusting, it’s your body demanding strength. Read starting strength


Want


This is the official #Bitaxe 601 Gamma giveaway!

How to enter:
•Like this post
•Share this post.
•Follow us on NOSTR.

What you’ll receive:
•1- Bitaxe 601 Gamma.
•1- 5V, 6A power supply.
•1-Solo Satoshi Bitaxe stand.
•1- Bitaxe “Anarchy” t-shirt.
•1- Limited Edition PEZ dispenser.

This package will be shipped anywhere in the world completely free of charge.

•One winner will be randomly picked 72 hours from the time this is posted.

The winner has 24 hours to claim the reward. If the package is not claimed, another person will be randomly picked.

#Bitcoin #SoloSatoshi #BTC
https://m.primal.net/KxAL.jpg
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https://m.primal.net/LWkB.jpg


Article Update: "Satoshis Bitcoin v0.0 Had 1.99 Billion Bitcoin, Not 21 Million"
https://medium.com/@Fiach_dubh/1-99-billion-bitcoin-not-21-million-fad9f5550659

After reviewing a few more articles on this topic and the Bitcoin Whitepaper conversation on the cryptography mailing list some more interesting details have merged. Satoshi's last email on the cryptography mailing list, where he publicly says to James Donald, "I sent you the main files". These files were the Bitcoin source code for the first Bitcoin client software. Also, we can see from the Hal Finney private email that the subject heading reads "Re: Bitcoin source files attached" with James, Hal and Ray Dillinger cc'd.

https://www.coindesk.com/markets/2020/11/26/previously-unpublished-emails-of-satoshi-nakamoto-present-a-new-puzzle/

Therefore, The private Hal email confirms Satoshi likely sent the Bitcoin source code files to not just Ray Dillinger, but James A Donald and Hal Finney too on November 16th, 2008. Satoshi had apparently been working on this code for more then a year and a half. This likely means Satoshi began working on Bitcoin code in earnest around the middle of 2007.

https://www.bitcoininsider.org/article/63857/satoshis-pre-release-bitcoin-code-contains-fascinating-findings

Also, according to the above Bitcoin Insider article "The source (v0.0) also has a discarded genesis block in the code which has a completely different hash. Assuming the hash was the first genesis test block, it was produced on Sept. 10, 2008." This may be an effective timestamp for the date of this v0.0 source code.
This implies Satoshi gave these three gentleman an older "version 1" copy of Bitcoin, and not an updated version 2, which could have been v0.1. (In one email Satoshi describes a new Bitcoin feature as a "version 2" issue).

Speculation on why Satoshi didn't give these three people the full version 2 details: Well, James A. Donald made it clear in one of his cryptography mailing list emails that he wanted to launch his own Bitcoin version eventually. So maybe Satoshi didn't feel like sharing everything with someone who may front run him to the finish line?

originally posted at https://stacker.news/items/723538


Mediocrity isn’t just easy. It’s boring. Stay weird, you’ll get somewhere fun.


Sometimes Facebook and YouTube get through when there’s a serious issue. It could be your new router with bad firewall settings


See what happens when you use a vpn or tor


Here's an interesting observation that the "satoshi-was-an-academic" theory suffers from:

The whitepaper used neither MLA or APA citation formatting, (commonly used university standards). But rather an informal technical documentation style of citing sources. So neither a university student either mayhaps, since this is a 101 university lesson everyone learns.


These rockets are getting crazy
https://video.nostr.build/63093ac4be39134d95a6e0c13ffa6a16f728ea9e76e81e5ceb41837ba0cdcb83.mp4


Rumour has it he's back...


It's pretty clear the HBO Documentary Author is full of 💩

Peter Todd is not Satoshi Nakamoto.
https://video.nostr.build/c98fb23db48e3fa86acfc9a46fdcf6fb687365ab68c17848bc5c19bf063a4c8e.mp4


Satoshi Nakamoto is Not Peter Todd | But Cullen Hoback is a Muckraker
https://youtu.be/pmL-sgVqjFs

originally posted at https://stacker.news/items/719438


"Bitcoin is a discovery"

No.

https://image.nostr.build/7e3c6ad47e0908c56481d6f395dc0bd20b1553d5e37e62e7425fcdf845d7b6a5.png


Pallapay is decent


Pirate it


It’s more of a funny joke troll meta YouTube video then a doc


Save your sats and pirate the HBO documentary. It’s hilariously bad.


The HBO doc gave me ADHD

Congrats on what is probably the greatest troll and pr-stunt in recent memory
nostr:npub1ej493cmun8y9h3082spg5uvt63jgtewneve526g7e2urca2afrxqm3ndrm


BlackRock worried about people with Digital #Bitcoin Wealth not using Financial Advisors. The Horror!
https://video.nostr.build/331985f28d8144b3b1d1e2005c4cbff7bfccf9e03f6eb7bce307a19df9325b6f.mp4


BlackRock Bitcoin Presentation This Week | Buy Real BITCOIN instead of ETF iou's
https://youtu.be/rnZSRQjkRos

originally posted at https://stacker.news/items/712773


Horse racing with Bitcoiners is fun


New HBO Documentary Airs 9PM EDT October 8th featuring Adam Back and nostr:npub1ej493cmun8y9h3082spg5uvt63jgtewneve526g7e2urca2afrxqm3ndrm https://video.nostr.build/33ae4dd94fa4dad095c1143746fc5998c84684afd932a5b5eeb1405112a5a219.mp4


Every so often I get offers to sell out from shitcoin exchanges and it's hilarious what they resort to when they're ignored.


Satoshi really hated using "z"

"optimisation" instead of optimization
"synchronise" instead of synchronize


Obs is best


Lol yeah baseline this shit is not loading half the time

Beyond that who cares about censoring a bunch of plebs saying gm to each other

Nostr is not wikileaks, and twitter has way spicier content that still isn’t getting censored for some reason

I honestly get shocked at the level of vitriol that is allowed on twitter, and then coming to this free speech platform it’s as tame af

No need for censorship resistance if everyone is gonna just be friendly and self-censor to not hurt the feelings of their friends they met in the echo chamber


Any thoughts on simplex ?


Bitcoin is Time
https://video.nostr.build/5728a78dfcf9a7b487e9df8d13a551fb6f3c14c0a558b881374e90d8ce6c7342.mp4


a reminder about the bitcoin merge notification bots; these bots automatically post when there is a commit to the associated repository:

nprofile1qqs0wmy9z7tac7dmpzhld90wml65gxdux4ytvpxqsf46ttg5yzrzwvgpzdmhxue69uhhyetvv9uju7psvchx7un802qf5c
nprofile1qqsp4t9sqvmnw7slt57pnkd06mcsm7z9a6yn06v67zzx6w9d009e2lgpzdmhxue69uhhyetvv9uju7psvchx7un894hqqs
nprofile1qqsdzmqs880h7se4ldk5f8ptmxptjpzspxj38wcltr46mhuqqz8agrspzdmhxue69uhhyetvv9uju7psvchx7un8vtslr8
nprofile1qqsfsxz67pnytmth787qvj0nvc5kcmernxqr27fzg2x566mc89nlsyspzdmhxue69uhhyetvv9uju7psvchx7un85ulwfm
nprofile1qqsxukl93wa78srfm8wpgrcc2xmwkd6c4a4znsftjye2rnvuz5ya7hgpzdmhxue69uhhyetvv9uju7psvchx7un8wp09f5
nprofile1qqsxf5lqp8t8ccqpee6yc8fy59g7yhguwfg94hynckuxwtu2lqm64egpzdmhxue69uhhyetvv9uju7psvchx7un82gf8ks

(looks like the original announcement post was a broken event, so making a new one, also using nprofile instead of npubs to make it work across relays)


If Blackrock is about to rug pull coinbase as a custodian in favour of BNY Mellon, maybe it’s a good idea for you MSTR maxis to sell your shares before Saylor is trapped.


Self custody is the entire point and only reason Bitcoin can work.

It's why it has a price in the first place.

If you don't get that, you're as regarded as saylor.


Kingdom of Bhutan Fourth Largest Government Bitcoin Holder With Green Bitcoin Mining

https://youtu.be/n9G1oac2y5U


SCIENCE


There’s good in this world, and it’s worth fighting for


BITCOIN YouTube quiz results: 36% of people think MSTR self custodies

https://image.nostr.build/89b44be3121d6764bc6f8a2fd6f468e9f78aad9abffddd7061ea7b5aca22e836.jpg


art
https://image.nostr.build/c06f4e3479172345d85806daf2abd51eed4bf7b9bf0884e3dcc41bb5dfb6186c.jpg


1 sat per byte transactions are clearing 🥳🙌

NOW is a great time to
1. coinjoin
2. open lightning channels
3. close lightning channels
4. consolidate UTXO's

GO DO BITCOIN THINGS


They never learn


Nostr works in UAE fyi


Awesome


blink twice if you're in danger


Might be worth a faraday cage bag now


I wish I saw more posts from non professional influencers in my feed


MOSTR MEMERINES INBOUND https://video.nostr.build/fc4a4952a9090b3fb9abfc619f18a1b46889ef5bb135ef9a3769c748e5c94995.mp4


what's the best program for editing audio


Is there a feed just for anonpostr posts ?


The ai video generation is getting pretty good


Fuck


nO uUu


SAYLOR: The BITCOIN Gold Rush Starts Today 9/10/2024
https://youtu.be/vT-7IIg54bg

originally posted at https://stacker.news/items/679785


brah...


☹ From Bitcoin the network or your own Mempool ? I think there’s a significant difference, and that difference is what often gets lost in this conversation unfortunately


Nack, they rug pulled many instances


These arnt getting blocked at all though are they? Only on at the individual Mempool level are these not being enabled and that should be celebrated


Ya I don’t see it


Go on…


To understand what a Bitcoin node does, it's important to understand that the essence of a node is the PERSON running their chosen code/rules, not just the software/hardware.

Run a node so that...

1. You can maximise privacy. Your wallet needs to connect to a node. If it doesn't need to rely on someone else's copy of the timechain data, you won't divulge your IP (your location!) nor you addresses (and their balances). It's potentially dangerous from attackers, but particular surveillance who WILL co-operate with your local ruler when it's confiscation time during the inevitable collapse of fiat.

2. You can verify if you have been paid - like checking a gold payment is real by melting it down. A bitcoin payment must register on your copy of the timechain.

3. Defend the rules of your money if there is a contentious fork - no one can force you to run Bitcoin Larry Fink's Vision, for example.

4. Be one of many cockroaches that need to be destroyed to wipe out the UTXO set (who owns what). Note even that doesn't kill Bitcoin, Bitcoin is an idea. They'd have to kill all the Bitcoiners.

5. Help someone else run a node, or provide the infrastructure so someone else can trust you and connect to your node. Remember, being a human node is not the power to run the software but the power to choose the right software to connect to - you can be that option for people, especially those you orange pill, instead of letting them connect to a random node.

6. Be super cool, and it gives you a great appreciation of the power of Bitcoin. You’ll probably end up buying more, and accumulating more girlfriends.

armantheparman.com/why-should-you…

open.spotify.com/episode/0p1m4c…

Running a node is a essential skill to learn, and every one of my students is running one.


Yup, satoshi even mentions this is one of his early emails   Saying tor and gnutella are examples of decentralized networks holding their own against governments, while Napster is centralized and this failed as a result


Napster was centralized


You should have started speaking Spanish


god speed


The utxo set, how’s that doing?


It wasn’t panic. It was calling  out scammers and grifters for what they were, to protect our peers. Side benefit, reducing bloat and a social attack vector on Bitcoin. Yes we’re still vulnerable to this and yes you and others are sleeping at the wheel. This vector never ending is not an excuse for appeasement. And no, the spam hasn’t stopped because the fees are low. You just don’t notice them as much because you’re not looking.


When Coinbase ever gets hacked, this industry is going into an economic depression of its own:

- All the BTC held in the ETFs gone
- All of $MSTR BTC gone
- BTC held by Public companies gone
- BTC held by US Mining companies gone

🍿
https://m.primal.net/Kgbw.jpg


The mailing list mod telling people to shut up about Bitcoin after 33 follow up emails within just 17 days: https://image.nostr.build/6d0f5058d537607e0a8fcecc184a164d3bc347d237c94bc0a65ff50b8e00bf4c.jpg


SATOSHI received a huge response after posting the whitepaper to the cryptography mailing list. There were 33 follow up emails that became so chaotic, the mailing list mod called for an end of the Bitcoin topic. The flow of emails visualized for those 17 initial days: https://image.nostr.build/6ba36136b367b43bd6f5472891681a75f6caf04281848090f5044e030a989946.jpg


If anyone needs some AI generated voice work done, specific to a character you have in mind, I'm happy to help.


Nooooo


More circumstantial evidence of Satoshi being from academia is his use of the word "elide". Granted, Satoshi mispelled this as "Ellide" in one of his emails.
https://image.nostr.build/70f6614ad05d9c6f96673216e9c818be8ac77234e1c325e738e5c5e40024445b.jpg


Não confie, verifique.


Best possible outcome is we nuke to 9k and the cringefluencers go back to working at Starbucks


I’m addicted to silence. I wish I could turn my ears off


with chapters!


Bitcoin Knots is now listed as a Bitcoin Related Project in the r/bitcoin newcomer FAQ https://www.reddit.com/r/Bitcoin/comments/1f7n947/bitcoin_newcomers_faq_please_read/?rdt=33421


We re already there


i hope this is in jest ?


I don't disagree on either point


August r/Bitcoin trend is growth

https://image.nostr.build/b17165bb17d0aa21ec1e78d087a26ee3e4cf32ba35516967fa7ec32f83e6e2ef.jpg


10k was last cycles 58k. Exact same memecrab behavior for months  👀


I mean the self hosting option is kind of cool ?


there were 14 million sats hidden in that video https://medium.com/@Fiach_dubh/14-million-satoshi-puzzle-run-bitcoin-run-solved-4462b81e291


Most boomers are bastards


insomniatic


nostr:npub1ywjjp4dup38veklgw44p2d24n9yze8e4u4gpxwm49ka6rjvyu9dsfg6ejf has been teaching single handedly all of the noderunners what's the real meaning of self-sovereign bitcoiner.

Hats off to nostr:npub1ywjjp4dup38veklgw44p2d24n9yze8e4u4gpxwm49ka6rjvyu9dsfg6ejf  🫡🫡🫡
You are doing God's work.

https://github.com/Retropex/knots-startos/releases/tag/v27.1.knots20240801-1


Still alive https://x.com/weidai11/status/1828547634589749583?s=46&t=C7-kSIxHbEfp9Z0yJRjjLA


He’s on X still, I should invite him to nostr


Get up


Probably a better question for the bitcointech.help chat. More eyeballs and users of blue wallet there


HYPE


Don’t watch the new alien movie. Bad vibes


Pretty sure they’re back ordered


Welcome plate holder to nostr everyone. He’s a real one. nostr:note1cmmplm5gvjgrpz7st9aapxmdq3mm8af5d8m3ud673fftmsgss5tqqvdfcg


Lots of signal in this episode from nostr:nprofile1qqs82kcxtx2ts0gs6hdaywksurgdyhgtuzg26569ee3pv4ygm5c9qhsprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqyg8wumn8ghj7mn0wd68ytnhd9hx2qg4waehxw309ajkgetw9ehx7um5wghxcctwvs9e367y : https://fountain.fm/episode/mHWYMYqeDilc4XC0A0Gw . This MrRGnome is no BS.


Found an oldy description of the Byzantine Generals Problem penned by Satoshi back in early 2009 https://web.archive.org/web/20090309175840/http://www.bitcoin.org/byzantine.html


Interesting, there's an obscure academic oriented mailing list SATOSHI refers to in one the emails

https://mmalmi.github.io/satoshi/#email-3

https://web.archive.org/web/20090402192040/http://listcultures.org:80/mailman/listinfo

suggesting he was an academic


Bitcoin Optech 316 Podcast: With Bastien Teinturier and Hennadii Stepanov
https://youtu.be/luSlNbGyCek

originally posted at https://stacker.news/items/656404


the ai algos are extremely gas lighty on x. Nostr might win alone on just being authentic non triggering


This was the first publicly known use of the word "Bitcoin"


16 years ago*


15 years ago to the day, Satoshi Registered
Bitcoin.org
anonymously through anonymousspeech.com

Today, we have NOSTR


She already fucked him


Spinny


No dreams for years isn’t normal … that’s a lot of psychic debt built up that can spill out as nightmares


No weed or coffee brings back the dreams


This excellent book was first published in 2015. It peaked my interest since it was referred to as the source material for some really old emails between Hal Finney and Satoshi. Apparently the author, Nathaniel Popper, was able to get access to these emails from Hal’s wife, Fran Finney, and some of them were latter released by The Wall Street Journal:

https://www.wsj.com/public/resources/documents/finneynakamotoemails.pdf

I think the best part of this book is probably the first few chapters which focus on the very early days of Bitcoin’s origin story with Satoshi Nakamoto, Wei Dai, Hal Finney, Adam Back, Marti Malmi and numerous other characters who were there at the genesis of Bitcoin. The book really does justice to telling the origin story of Bitcoin.

It outlines many of the commonly known stories and narratives around Bitcoin’s quirky cypherpunks, aficionados, and rebels. It also helped verify a few of the older stories I heard in passing about silk road, MTGOX, and Malmi’s emails with Satoshi. I do wish it had focused on these original characters more. But it eventually moves onto the second stage of Bitcoin’s journey, where it gets picked up by silicon valley and venture capital types.

Some interesting stories in there as well, including a good synopsis of the silk road saga, featuring Dread Pirate Roberts, aka Ross Ulbricht. The climax of the book focuses on MTGOX and the downfall of Mark Karpeless.

It’s strange reading this book now, and seeing the resolution of many of these stories, such as MTGOX creditors getting repaid. Or perhaps even the release of Ross latter this year, God willing. Stranger still, I knew most of these stories already by heart, but they all came back in livid colour reading through them in detail. There’s a good amount of references and supporting evidence provided as well for each narrative.

This is a great book for anyone who didn’t live through the early days of Bitcoin history and wants to know how beautifully chaotic it all was at the start. Much the way it is still now, just at a larger scale An astute reader may find that many of these stories are still repeating to this day. If your curious about Bitcoin’s origin stories, this is the book to read to get up to speed. Preferably on a beach in El Salvador.

A part two continuation of this book would probably look like the Blocksize Wars book by Jonathan Bier. Both are great reads, but Digital Gold predates the Blocksize Wars, so its a good one to read first, and a great introduction to Bitcoin’s history.

Worthy of the Bitcoin Book List:

https://www.reddit.com/r/Bitcoin/comments/1c5fjhn/advanced_bitcoin_reading_list_curriculum_in_order/

5/5 Stars

originally posted at https://stacker.news/items/644578

BITCOIN Book Review: Digital Gold By Nathaniel Popper ⭐⭐⭐⭐⭐


GM


Smiling through pain is a super power


For the aesthetic


Saylor on CNBC Today - Buying More BITCOIN
https://youtu.be/owhiYSvE698?si=ULRVVEfbsehGnwlZ

originally posted at https://stacker.news/items/637590


Happy UASF Day #BITCOIN… The same technical muscles you'd use to run a UASF #Bitcoin client, in the event of a contentious consensus #Bitcoin issue, You can exercise now by running #Bitcoin Knots.
Exercise your #Bitcoin Muscles.
Run #Bitcoin. Run Knots.
Bitcoinknots.org


Trump BITCOIN Full Speech - "Never Sell Your Bitcoin"
https://youtu.be/szIK9Ga-d8I?si=uWC04cyN064spDGu

originally posted at https://stacker.news/items/625129


#BITCOIN


#bitcoin

https://image.nostr.build/12d5b60d2d30472fa91bb007d4ac082a9f7d43ce154e04fb0d20ba52fe175693.jpg


BITCOIN This Week: Trump, Blackrock & A Cyber Pandemic...
https://youtu.be/MyQyZjqjBtw

originally posted at https://stacker.news/items/614776


It was such obvious gaslighting. Shinobi et al should be embarrassed


Terrible laptop from experience


This speech rant is insane


Why was the shooter in a Blackrock commercial ?


Bip 324


Todays a good one


If you need help bitcointech.help is a good bitcoin only discord tech support chat


Congrats 🥳


Finally the judgment is here.

Craig Wright is now referred to the Crown Prosecution Service for Criminal prosecution, along with Stefan Matthews.

If CPS decided to prosecute (I have no doubt they will) we are looking at arrest warrants and extradition requests.

Oh… and the funniest part, Craig has to announce on Twitter, Slack and his website that he is fraud 😂😂😂

I told you guys, karma is real.

Welcome to law once again, Faketoshi.

#CraigWrightIsAFraud

https://drive.google.com/file/d/1JE11zAFGa730F3slFxrK4DkyCNS_22Ha/view?usp=sharing


Bitcoin Optech 310 Podcast: Antoine Poinsot and Elle Mouton
https://youtu.be/umH25KFmwSw

originally posted at https://stacker.news/items/610512


I lost my shit of a bcasher afk in meat space. Had to apologize immediately, was not a good look. But at least he’s not shilling at meetups anymore


peace and love all.


Bitcoin Optech 309 Podcast: Murch and Mike Schmidt are joined by René Pickhardt
https://youtu.be/q981WaH09Co

originally posted at https://stacker.news/items/603720


infinitely reloadable memes incoming


MTGOX Returning 140,000 BITCOIN | Mashup of Recent and Historic MTGOX Clips
https://youtu.be/Q33-q-q1fkg?si=UELiscpy1nIrcYju

originally posted at https://stacker.news/items/602227


Good lads


BITCOIN Weekly Recap: Memes, MTGOX Coins, Germans Sell, ETF Paper IOU's & More
https://youtu.be/d3F8g2wdakc

originally posted at https://stacker.news/items/598421


Bitcoin Optech 308 Podcast: Jameson Lopp and Valentine Wallace
https://youtu.be/7uF7J3sQQx8


Analog all the way


never thought about it like that as these being more secure


BITCOIN Clips This Week: Assange Free, Jack Dorsey, HODL Those REAL Bitcoin Keys
https://youtu.be/viIMt1j22Uk?si=qKHuGtuGICXn7BRv


Bitcoin Optech 307 Podcast: Hunter Beast and TheCharlatan
https://youtu.be/VzOT20yhZpk


Julian Assange is FREE
https://youtu.be/UWtV2iU3xWk


deleted


BITCOIN This Week: Saylor Pro Ossify, De-Banked in the UK, A Yellen Theft..More!
https://youtu.be/hqQLiwOef7M


A great read


Bitcoin Optech 306 Podcast: Upcoming disclosure of vulnerabilities & More
https://youtu.be/vHtzDtmT1Ks?si=sU33W__gcL72mxTC


Ty


GM. Anyone got a good guide for plebs to run their own nostr relay?


BITCOIN This Week: Trump Pro Bitcoin, Saylor @BTCPrague, T Mobile Running LN
https://youtu.be/U7fogokS_Uk


Bitcoin Optech 305 Pod: Murch, Dave Harding, Setor Blagogee, Oghenovo Usiwoma
https://youtu.be/DG5A3eBbwF0


BITCOIN This Week: Andreas VS Saylor on Larger Blocks, Wisconsin Pension & More
https://youtu.be/ZgEqxK19rWI?si=5O_O0aVGx-YSW6Cq


Bitcoin Optech 304 Podcast: Andrew Toth, Antoine Poinsot, and Tony Klausing
https://youtu.be/Sc23hTHg2VY


Chamath VS Wences Bitcoin Prediction - Post Halving
https://www.youtube.com/watch?v=x5ofaUwIvXA


Bitcoin Optech 303 Podcast: Murch and Mike Schmidt are joined by Adam Gibson
https://youtu.be/T4eiuDAURF4


You have to be an idiot to donate #bitcoin to policians !


BITCOIN Recap: MrBeast Runs, Trump Submits, Saylor VS Devs & Samurai in Court
https://youtu.be/TSDjhOPgD4U


You’re not paying attention, that’s the problem


That's a narrative fast becoming a cope.


Original Post by GrassFedBitcoin https://x.com/GrassFedBitcoin/status/1796311998466003418

Wow just figured out Bitmain's latest fuckery in real time.
I'll give you the back story...

Once upon a time Bitmain was grinding merkle roots instead of nonces aka "covert ASICBOOST".
This gave them an advantage over other miners who didn't know this was possible. One company went out of business - KNC - citing "the Chinese having some secret advantage we don't know about" - which turned out to be true precisely for this reason.

It's one of the reasons ASIC manufacture is so centralized today and this is correctly identified by many as being one of the most vulnerable aspects of the entire bitcoin ecosystem.  The ASICBOOST issue came to a head when Bitmain used their influence to block the activation of SEGWIT (essential for Lightning) because it would break their ability to do it - at least covertly. Well, they would still be able to use asicboost, but just in an obvious way that would mean everyone else could do it too.

They had patented it so as to try and prevent this because that's the kind of people we're dealing with here but I digress...  When asicboost was independently discovered by u/nullc aka Greg Maxwell.

Bitmain lied and said they weren't in fact using it.  This was after years of bullshitting about segwit, with Bitmain pretending to be in favour of "alternative scaling solutions" or even doing segwit as a hard fork instead which would allow them to continue what they were doing.....

Absolutely nobody believed them thanks to GMax having reverse engineered one of their ASICs and demonstrating what they had built and tried to keep to themselves.  This was a watershed moment in the fork wars where everyone suddenly understood why Bitmain had been making nonsensical arguments against segwit forever.

Wanting big/small blocks wasn't a related discussion. Segwit fixed TX malleability and was a no-brainer upgrade and in the end was combined with a block size increase anyway as a compromise.  So we proceeded with segwit anyway, at which point Bitmain switched to overt asicboost which is actually even more powerful, it just requires grinding version bits instead of merkle roots but it's obvious if a miner is doing this.

Now everybody does it so essentially the net effect of it being possible is zero, except your node asking you wtf miners are doing signalling for upgrades your node knows nothing about (upgrade coordination is what version bits are actually supposed to be used for).  Oh well, relatively little harm done. If you're happy to ignore the obvious dishonesty and effort to undermine what's arguably Bitcoin's most important ever upgrade.

Fun extra tidbit: Antbleed - an intentional backdoor with which Bitmain could remotely shutdown any Antminer in the world. They said it was for shutting down stolen ASICs but immediately patched it once it was discovered.

Anyway, this company now accounts for 25-30% of all blocks found, if you naively observe the blockchain.  That's not enough to spook anyone, but unfortunately many smaller pools are in fact just fronts for Bitmain which we know for three reasons:

1. The smaller pools are clearly using blocks constructed by, or for the benefit of, Antpool.
2. They share the same custodian of their newly mined coins (Cobo).
3. They have a lending program to bail out smaller pools who get in over their head due to FPPS.

And the trend is sadly in the wrong direction, given Braiins recently abandoning its old payout model and becoming just a simple proxy for Bitmain as result of switching to FPPS.
[Massive shoutout to @mononautical and @0xB10C for helping uncover how centralized pools have become.]

Summary - Bitmain is not just Antpool, it probably accounts for >50% of block templates and manufactures >90% of the mining hardware in the world.

So where am I going with all this?

Amazingly, it's about empty blocks.  What does that have to do with anything?  Well, famously OCEAN has found 3 empty blocks in its short existence, causing many to wrongly make allegations of some sort of issue with the pool itself.  This spurred on endless debate about why pools make empty templates in the first place and the actual reason so many of them get solved.

In short, pools send empty templates then immediately follow up with full templates. So quickly, that the interim period accounts for a tiny minority of the empty blocks that get found on the network, and none of ours.

In all three cases with OCEAN, the miner solved the empty block longer after already having a full template to work on -      - leaving the pool in a position to either throw away a perfectly good (but empty) block or to broadcast it to the network and get miners >90% of the reward of a full block.

Obviously the latter makes sense and does zero harm to the network while still adding to the overall PoW necessary for any attacker.  So why would an empty block happen a few seconds after the pool had already sent an updated job for a full block?  Because Antminers suck.

*What we didn't realize was that they intentionally sucked.*

You can send an updated job to an Antminer and watch it continue to work on an old job for over 60 seconds in edge cases.  This was something we assumed was due to design of the ASIC itself, and thus just poor engineering on the part of Bitmain.  But it turns out we were wrong, it's due to Antminer firmware.
We know this because they just released a fix for it.

So Bitmain watched, while people kept mining empty blocks, everyone would wrongly attribute it to pools, while explainers on popular websites like mempool(.)space would offer wrong explanations about it happening due to pools being slow to send proper templates and seemingly no one would understand even the motivation for sending empty templates, let alone the reason they get worked on for so long.

But the fix being something that gets released right after OCEAN starts explaining what's really going on here is beyond reasonable doubt.  They had a fix for it, and have been using that fix for their own mining.  Now they can't get away with it because increasingly people are realizing that Whatsminers and ASICs from other manufacturers aren't finding anything like the amount of empty blocks because they switch jobs far more quickly.

An Antminer has a far greater likelihood of finding an empty block because it spends longer working on old jobs.  We've been out here yelling that the issue is with the ASIC *NOT* the pool.

The fact that Bitmain intentionally crippled the firmware on the Antminers they would sell to the world, while keeping more functional units for their own mining is typical of everything Bitmain.

Sure it can be incompetence and coincidental timing on the fix, but I sincerely doubt it.  The conversation around empty blocks reached the point where people were beginning to realize something was broken with Antminers and then they just happen to release a fix for it right after people finally start catching wind of what's really going on.
-----------------------------------------------------------------------------------------------------------------------
So imagine this -   You sell shovels to gold miners, and as we all know, the people who make money during a gold rush are the people who sell the shovels.  But in this case the shovel seller is digging for gold himself too. And he has intentionally sold crappy shovels to all of his customers so as give himself an advantage.
Empty blocks kept happening, people kept blaming pools.

OCEAN got attacked over it. We explained the real reason they happen so much, and Bitmain releases a fix right after.  Insane.  This goes further than empty blocks.  It's not just empty templates that take forever to work their way out of an Antminer, it's *all templates* and pools are constantly updating work as new transactions show up.

A super lucrative transaction shows up in your mempool?  All other pools are sending an updated job to hundreds of thousands of Antminers who will ignore it for a while, while Antpool has their miners working on it more quickly.  It's not hard to see the motivation for all this, especially going forward as TX fees become more and more important.  Again, insane.

If you want to watch @wk057 and I figure this all out in real time, watch the video below which was just intended to be a discussion on why empty blocks happen.  I'll post it shortly so tweeter doesn't kill this post like it always does with external links. https://www.youtube.com/watch?v=4BkyhdxnDrM

BITMAIN Slow on Purpose: Stop Using BITMAIN Machines, Firmware & Mining Pools


nostr:npub1j8y6tcdfw3q3f3h794s6un0gyc5742s0k5h5s2yqj0r70cpklqeqjavrvg stop shilling Mstr stock


You need to dead stare him in the eyes and tell him you don’t feel comfortable with him talking at you


#Bitcoin Knots 26.1.knots20240513 released! 🎉

Be sure to _verify_ your download(s)!

https://bitcoinknots.org/?26.1.knots20240513?nostr


Everything is permissible, but not everything is beneficial…


This is so retarded it's not even funny.

1. DIDs go nowhere, ever. Sorry but I've done them for over 5 years.
2. It's an INEFFICIENT ripoff of ion
3. Saylor is using bitcoin as his own personal and corporate data store
4. He actively participates in the defunding of developers in order to keep the chain as something that only he can afford to use.

But back to point 1, don't worry, it'll go nowhere.

nostr:nevent1qqsp068rc9wu038wgs8g68f5dfssq220rxhz2twpmwsqn7ruwhhtuqspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzp3ld5es2d0yzwpfsaq455acj4n029ccaczjklrwf2kkqp8hajlyxqvzqqqqqqyxv8zqp


WE WILL RUN #BITCOIN

https://youtu.be/T6bEcNF8veE


Bitcoin Core Devs don't need more funding.

#Bitcoin Knots Devs need more funding.


My tombstone is going to be my 24 word #Bitcoin seed phrase out of order


I'll be livestreaming the last 84 Blocks to the Halving at height 840000 on #BITCOIN  YouTube.

Watch the blocks roll in on 5 visualizers / Nodes at the same time while listening to some music. Enjoy :)   https://www.youtube.com/watch?v=hl2IqsOAkSg


Hash* fucking autocorrect


Can you Bitcoin miners out there on nostr direct your bags at ocean pool for the halving please


If you don’t get it…


Lmao, who is saying this?


Running #Bitcoin Knots
http://BitcoinKnots.org

https://image.nostr.build/a0e0cc0d91bb2b2ceed38c7c901e85ab8f714f643538e5150b8ce9bda71b831c.jpg


You're Invited to an online Halving Party at Block Height 840000 on #Bitcoin Discord
https://www.reddit.com/r/Bitcoin/comments/1c2a2l2/youre_invited_to_an_online_halving_party_at_block/


Hi all,

Me and a couple other Bitcoin volunteers will be hosting a casual online halving party via [Bitcoin Discord](https://discord.gg/bitcoin-discord-782749290219962370), and you're all welcome to join: [https://discord.gg/uS8YacDN?event=1216842618932166841](https://discord.gg/uS8YacDN?event=1216842618932166841)

It will be hosted on a voice stage channel where anyone can join and speak by voice (no screen sharing). This will be live streamed on [BITCOIN YouTube](https://youtube.com/BITC0IN) as well here: [https://youtube.com/live/hl2IqsOAkSg?feature=share](https://youtube.com/live/hl2IqsOAkSg?feature=share)

We'll also probably be playing poker too via: [https://lightning-poker.com/](https://lightning-poker.com/)

If you have any ideas, comments, questions or topics for discussion for the event, please feel free to post below. Also feel free to share this around with your friends. All are welcome on stage to speak, so long as you keep it Bitcoin only.

Some things we'll be discussing include looking back at the past 4 years in Bitcoin. Bitcoin' progress thus far and where we are headed in the next 4 years for Epoch 5.

Cheers & Happy Halving!

PS: (Due to a bug on apple iphone's, you may not be able to hear the stage if you use the discord app on iphone. Use desktop/browser instead or watch along via BITCOIN YouTube.)

You're Invited to an The Halving Party at Block Height 840000 on Bitcoin Discord


I love how nostr devs have hijacked funding for bitcoin devs


In terms of fiat? Or as a whole as a network ? I’m more interested in network resilience over the long term.


@portland

https://image.nostr.build/12984f09fbd5aff4d6e56b3db3ba488377b546d461b1f7033021449c732aabdf.jpg


Given your pro Bitcoin upgrades stance, are you for upgrading #Bitcoin's spam filters then ?


Bitcoin Layer 2 Systems Compared | Tuscany Lightning Conference
https://youtu.be/pM267eyz8v4


The blocksize war wasn't so much about the blocksize (or, even, scaling Bitcoin). It was really about who controls the consensus rules and how we upgrade the protocol.

For context, a bunch of startups raised tons of money between 2013 and 2016 based on ridiculous user sign-up projections and then we had a long and painful bear market and they were looking for scapegoats (the developpers that were "throttling the network") to justify the lack of growth. I am thinking here specifically of Coinbase, Bitpay and Blockchain.info.

The vibe I got is that they thought of Bitcoin itself as a corporation, that they were the equivalent of Bitcoin's board of directors because they represented the interest of VC investors, and thus they were entitled to decision making power over the network.

I don't doubt that a few people were genuine about scaling p2p e-cash (e.g. Roger Ver) but I suspect what really motivated them is that they believed control of the Bitcoin network would be an asset to their business interests, and lack of control was being used as an excuse to why their interests weren't being satisfied.

There was also a bunch of developers that I believe may have been afraid of losing their relevance (Gavin and Garzik specifically). Regardless of their intentions or psychology, it seemed clear to me that the consortium of vc-backed startups (particularly Bitpay, Coinbase, blockchain(.)info and Roger) had picked a team of developers they thought they could control and wanted to appoint them as a technical management team whicn would execute their strategy, and these guys were willing to step up for that role.

I was physically in the room when the CEO of Blockchain.info (with the very obvious support of Coinbase CEO Brian Armstrong) announced that Bitcoin Core devs were being fired and would be replaced. This was after a couple days of failed discussions with other industry people. This was the moment when I realized what was really going on.

And finally, you had a Bitcoin mining giant (Bitmain) controlling both asic production and mining pools with a vested interest in promoting the idea that Bitcoin was a democracy and the way to vote was to buy hashing power. The main ideology being pushed here was that a formal governance mechanism of the protocol needed to be established and that hashrate was the only objective measure of who makes decisions.

The underlying big blocker ideology was that the chaos of spontaneous consensus of nodes is unpredictable, flimsy, bad for business. The absence of a formal governance process was seen as the root cause of the issue.

These companies really believed they could control the protocol, and controlling development of the protocol was seen as a very valuable asset to your company. I imagine they thought of themselves as the founders of a new consortium that would solidify itself into a permanent institution. The business interests would pay developers and set the goals, and the mining interests would ratify their decisions with hash power voting. That was their plan.

This became blatantly obvious when Bitmain used its refusal to activate segwit as leverage to get what it wanted (a blocksize increase and recognition of its hashpower as a vote mecanism) even though Bitmain iself acknowledged it was not really opposed segwit.

It was classic traditional politics: I'll give you segwit if you give me something in return.

This is the language the VC suits, investors and tech startup people understand and they were very happy to "negotiate" and find "consensus".

This eventually materialized into the New York Agreement, negotiated literally as a backroom deal during theConsensuss shitcoin conference. I was there and I refused to attend.

This (private) meeting consecrated the alliance of startups/investors and bitcoin mining interests in their appointment of a technical management committee. If you think this sounds like Jekyll Island, you're not alone.

They packaged segwit with a blocksize increase (Segwit2x) and decided to force a hard fork as a condition to "allow" us to have Segwit.

We know the rest of the story: we ended up activating anyway via UASF (or more precisely, the miners activated Segwit after they New York Agreement signatories became scared UASF would lead to a chain split which they were going to lose). And the blocksize increase was also abandoned shortly after when they realized their hard fork would cause a chain split and that they would not be able to claim that their new shitcoin is the real bitcoin.

All these people were subsequently were very pissed off they couldn't control the network, which they thought they were entitled to. Some ragequit, others created a bunch of shitcoins out of spite, Roger went on to spearhead BCH as the real Bitcoin, all these fools realized they might as well make some money off of it, everyone went all-in on the shitcoin casinos after that. The "small blockers" eventually went on to evolve into the Bitcoin Maximalists and cypherpunks that today tell you to run your own node and own your own keys.


🙌 yes


mike schmidt did the doxxing sir.


The State of Lightning Wallets & Bitcoin | Tuscany Lightning Conference Panel
https://youtu.be/eHw7n1vMGN0


Nice try irs


UASF


He’s not the only one


this is why descriptor wallets: BIP 380-386 & 389


12 days 9 hours and 25 minutes approximately until the halving/halvening at Block height 840000

I'll also be posting one of these hit BITCOIN singles every day until the halvening. Use them for your Halving Party!

https://youtu.be/0BzDx3c3ps0 I'll then dump the playlist into a YouTube video for you to enjoy, under Creative Commons license, ie FOSS.

Free & Open Source Songs!

I've also setup a livestream to countdown to the halving if anyone wants to chill to some music and watch the blocks roll in. https://www.youtube.com/watch?v=hl2IqsOAkSg
cheers and happy halving ya'll


Any Armenian plebs on this app? Can I follow you?


No, your bad idea isn't any better because of the ossification boogyman you march out to scare everyone.

A bad idea can just be a bad idea.

Come up with better work.


Aesthetic


Anger is a useful tool. Seek it productively as you do here.


If you aren't running your own node, you really should consider it. This is the only way to confirm that you own your bitcoin. Relying on a 3rd party node to verify this data is not 100% reliable.


Impressive


Something In the orange 🌅


Elephants 🐘 growing up chained to a twig tree. They know not their strength since they’ve never used it. It’s the wrong question. The question is, how best to teach the elephant to walk away.


No.


GM. Bitcoin won’t work unless it is verified. It won’t work for you unless you verify it. How do you verify bitcoin? You take possession of it. How do you take possession of it? You run a Bitcoin node. How do you run a Bitcoin node? You verify it? How do you verify a Bitcoin node? You build it from source, check the hashes, signatures, and ensure it aligns with your policies, within or even outside of consensus.


He’s incoherent in that interview unfortunately, sigh.


Blue check Odell


Why Knot!


#Bitcoin Knots 26.1.knots20240325 released! 🎉

Be sure to _verify_ your download(s)!

https://bitcoinknots.org/?26.1?nostr


A Study of November 2008 Bitcoin Source Code: There Were 1.99 Billion Bitcoin…Not 21 Million...

What would Bitcoin look like if Satoshi chose a supply of 2 Billion instead of 21 Million ?

Bitcoin Satoshi Nakamoto Source Code 2008

This is a long form article, you can read it in https://habla.news/a/naddr1qqxnzde3xycnxdf38ycrzvp5qgs8ykfwex8ccadsntkmdrx075s48snaut68nchzfxarrfu3l7ny6tqrqsqqqa287mvty3

### A new [batch of previously private emails](https://medium.com/r/?url=https%3A%2F%2Fmmalmi.github.io%2Fsatoshi%2F) with Satoshi were published this past month by [Sirius](https://medium.com/r/?url=https%3A%2F%2Ftwitter.com%2Fmarttimalmi).

Sirius was one of the first volunteers to work with Satoshi in the early days of Bitcoin. These 260 emails span from May of 2009 (just 5 months after the launch of Bitcoin) to February of 2011. They're a digital-gold mine of early Bitcoin history. I highly recommend going through them if you're a Bitcoin history nerd like me.

### [One of these more interesting emails](https://mmalmi.github.io/satoshi/#email-3) from Satoshi outlines his logic for Bitcoin supply numbers and the issuance schedule. It reads below:

![](https://imgprxy.stacker.news/Dx1WIz9YpLMUx0kCv751thmvEeNuQKdAY09vagEU6Z8/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgxNg)

This is some very nice color here on Satoshi's choice for 21 million bitcoin, with extra padding of 8 decimal places for satoshis. Interestingly enough, this "picking something in the middle" comment by Satoshi is also bang on in more ways than obvious. There are 8 decimal places with 21 million bitcoin, so 16 decimals total for the Bitcoin number system.

![](https://imgprxy.stacker.news/qW_3XFh0sOm2MEO6KntzGDHE_ywsGIG1dYczVENIctE/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgxNw)

### Put another way, there are 2.1 quadrillion satoshis total programmed in Bitcoin as we know it today.

## *But this was not always so…*

In 2013 Ray Dillinger (aka [Bear](https://medium.com/r/?url=https%3A%2F%2Fwww.metzdowd.com%2Fpipermail%2Fcryptography%2F2008-November%2F014822.html), aka Cryddit) posted a 2008 [email copy to Bitcointalk](https://medium.com/r/?url=https%3A%2F%2Fbitcointalk.org%2Findex.php%3Ftopic%3D382374.0), allegedly from Satoshi Nakamoto… The email apparently contained the source code of Bitcoin, from November 2008. Pre-dating the first release of Bitcoin v0.01 source code, released January 2009…

![](https://imgprxy.stacker.news/IdDbDj_pXWIDVzB-z1Sg4Y3bgLkNtfxQSu1tDsSLG64/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgxOA)

There are several significant changes when we compare this 2008 pre-alpha source code to the [2009 Bitcoin v0.1 source code](https://github.com/Fiach-Dubh/bitcoin-0.1.0). A big one being the genesis block hash. There is no "The Times" article headline, as this headline did not yet exist. A hash starting with "0x31" is used instead of "0x5f" (from the v0.01 "The Times" genesis block).

![](https://imgprxy.stacker.news/AaYcOFFjyuZ5Zs9E9F09cH8yLBeydt6TNrVgdInKLiI/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgxOQ)

### Furthermore, the block reward was not 50.00,000,000 bitcoin.satoshis BUT 10,000.0000 bitcoin.satoshis. This didn't mean a supply of 21 million bitcoin or 2.1 quadrillion satoshis...

## **BUT 1.99 billion bitcoin or 19.9 trillion satoshis TOTAL!**

![](https://imgprxy.stacker.news/HewDEKI4uVAZkAhGGwsdHByiR7bgJqXZitLNP-6dMXc/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgyMA)

![](https://imgprxy.stacker.news/G1w2yEEDkbG2GtR0sXSUyo3eTrUYI7HwdzNBadt31ks/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgyMQ)

Furthermore, the halving was scheduled for every 100,000 blocks, instead of 210,000 blocks. The block time target was aimed at 15 minutes, instead of 10 minutes too. This implied a halving every 34 months, or 2.85 years… not every four years.

![](https://imgprxy.stacker.news/NH5T3DaMJ16P6lOmCdtCxupiffbTM1PPKY9ZnmfvWi4/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgyMg) *And confirmed by some other Bitcoin developers I've never heard of /s*

### There would have also been 27 epochs, instead of the 33 currently. This would mean the last bitcoin would have been issued in 2086 instead of 2140. In addition, the difficulty adjustment was also targeted at every month, instead of every two weeks.

But wait, you ask, how can there be more bitcoin in this first draft, but less satoshis too? Answer: notice the decimal place difference here. In this pre-alpha of Bitcoin (2008), only four decimal places for satoshis are proposed, instead of the eight seen in v0.1 (2009). And the coinbase reward was also significantly larger at 10,000 bitcoin per block, instead of just 50.

Thus there were ten decimals to express the Bitcoin supply. Resulting in 14 decimal places for the number system of this draft pre-alpha code (2008). Not the 16 decimals we enjoy currently from v0.1 (2009).

![](https://imgprxy.stacker.news/xkH3lsPJ6IPe3I2YfypSI115ung1Oj-aeutK4c5TAfI/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgyMw)

This interpretation may line up with Dillinger's testimony given in [an interview](https://medium.com/r/?url=https%3A%2F%2Fwww.ofnumbers.com%2F2018%2F10%2F01%2Finterview-with-ray-dillinger%2F), where he explains "We talked a lot (Dillinger and Satoshi) about how much divisibility bitcoins ought to have; whether to make 'satoshis' an order of magnitude bigger just to have three more bits of cushion against rounding errors, or keep them near the limit of precision at 10e-8 bitcoins in order to ensure that rounding errors would always fail."

### But is Dillinger (aka ["Bear"](https://medium.com/r/?url=https%3A%2F%2Fwww.metzdowd.com%2Fpipermail%2Fcryptography%2F2008-November%2F014822.html), aka Cryddit) a trustworthy source for all of this early history? Greg Maxwell isn't so sure:

![](https://imgprxy.stacker.news/KO0aeFcJ7W9t0-2UTH4netmtjr1J4HptrSXnES7HqxQ/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgyNA) *nullc is Greg Maxwell's reddit account. Greg is a notorious Bitcoin Developer-OG. "Maxwell" may be where vitalick coined the term "Bitcoin Maxi"*

To an extent, I agree with nullc here. But, I reviewed Dillinger's interview, his BitcoinTalk, and his [November 6th 2008 email with Satoshi](https://www.metzdowd.com/pipermail/cryptography/2008-November/014822.html) on the cryptography mailing list. I have not found inconsistency with his testimony. Thus, I believe Dillinger can be both a misinformed shitcoiner and an early good faith participant in Bitcoin history.

With that said, we can never really know if this November 2008 source code is really from Satoshi or not, or unmodified. We should always take what anyone says about this time period with a huge grain of salt. We are assuming good faith, honest and accurate testimony here. Those are big assumptions in a space full of scammers and con artists claiming to be Satoshi.

### But, in support of Dillinger's testimony, there is [email evidence from Satoshi himself](https://www.metzdowd.com/pipermail/cryptography/2008-November/014863.html), suggesting he had code ready for review that he was willing to share in November of 2008.

To James A. Donald, Satoshi wrote on November 17th 2008

## "I sent you the main files. (available by request at the moment, full release soon)"

![](https://imgprxy.stacker.news/OtkoZmHvD8yGHAfWt4wnncRuOUDYm2bm49lj3tCX8hk/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgyNQ) *James A. Donald was the first person to reply to Satoshi's Whitepaper email  on the Cryptography Mailing List.*

### So we have confirmation by Satoshi that there was Bitcoin source code in existence at this time, and he was willing to share this with people who asked. Add to that, Dillinger was part of the Bitcoin conversation on this mailing list at this time. All supporting evidence for Dillinger's testimony.

![](https://imgprxy.stacker.news/YvnKsLCGHnk2krpfsOAk1ti3razJWNxyM3EN_7woK70/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgyNg)

Lastly, the [founder of RSK ](https://twitter.com/SDLerner) on BitcoinTalk also asserted he had a copy of this same 2008 source code. But he never confirmed this with more evidence than just the above comment.

### So what's my main takeaway from this rabbit-hole of Bitcoin history, Alice? For me, these numbers are fun to play with, to know how Satoshi was thinking at this early stage of Bitcoin's design. Exploring what could have been for Bitcoin in its genesis is a fun thought experiment. Satoshi was clearly smart for what was mostly a one man job, but he probably had help early on with code review.

On another note: with the selection of a 10,000 bitcoin base reward; a 10,000 CENT variable to express satoshi units; a 100,000 block epoch for halvings; a 1 month difficulty retarget (can you see the theme here? 1, 1, 1, 1); the ugliness of the 10 decimal places for Bitcoin and only 4 decimal places for satoshis; all point to one thing…

## **This 2008 source code was a rough draft.**

### These were temporary numbers and parameters, inputted as place holders for future refinement. They were not serious final draft considerations. This source code was a work in progress during Bitcoin's inception.

We could of had 2 billion bitcoin and not enough satoshis to go around. Ghastly. So thank god Satoshi settled on 21 million bitcoin, with 8 decimal places on both sides of the dot.

![](https://imgprxy.stacker.news/JbOV84VEKgOVeX0VQuPO8aEDGqIZkkwzaalMCsLZZ9Y/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8xOTgyNw)

Addendum:

One fun nuance of C++ code is that integers are truncated when used as Satoshi did. This ends up somewhat reducing the total supply of Bitcoin in this 2008 code, from what looks like 2 billion bitcoin at first.

The result of this truncation on supply is a very specific total: 19,999,898,800,000 satoshis or 1,999,989,880 Bitcoin. Thanks to MrRGnome for pointing this out: "it's possible Satoshi didn't even realize this rounding was happening."

*Check out the Bitcoin Discord server to talk to Gnome https://discord.gg/bitcoin-discord-782749290219962370*

If you like this kind of content consider subscribing to [BITCOIN YouTube](https://www.youtube.com/playlist?list=PLD3n5hQtZwofuaagslQxp220kthZAxj-M) or following us on [Twitter](https://twitter.com/BITCOINALLCAPS) and [NOSTR](nostr:npub1wfvjajv0336mpxhdk6xvlafp20p8mch5083wyjd6xxnerlaxf5kqhsvx9a). If you're feeling extra generous, check out our [Geyser crowdfund campaign](https://geyser.fund/project/bitcoinhistory/) for a Bitcoin History series.


Shiiiit


No. Use bullbitcoin bisq or robosats


🍀good luck today🍀


Don't let #Bitcoin  hold you back from living your life. It is a wonderful tool. But it can be a distraction.


CSW rekt


Do it and you can Spanish dub English content with ai


GM to a new all time #Bitcoin  high. Governments will exempt your #Bitcoin  capital gains, tax free. So long as you sell your #Bitcoin  to their treasury directly. The ETFs & Microstrategy stock are precursors to this. Do not sell your #Bitcoin  to them.


GM Bitcoin. It’ll be volatile until fiat dies. DCA and be careful out there.


Moving to Georgia


this is why you scrub yourself on all socials and go full nym


GM, read something I wrote:

"Furthermore, the block reward was not 50.00,000,000 bitcoin.satoshis BUT 10,000.0000 bitcoin.satoshis. This didn't mean a supply of 21 million bitcoin or 2.1 quadrillion satoshis...
BUT 1.99 billion bitcoin or 19.9 trillion satoshis TOTAL!
This 2008 source code was a rough draft."

Full Article: https://stacker.news/items/458544/r/BITC0IN


They gonna by swiping are priv keys as a prank


Next gen bitcoiners are gonna be wild yo


GM don’t let the counter intel ops get you down 🤨


Waffles are amazing 🧇 with bacon 🥓 and maple syrup 🍁 GN


GM☀


GN 🏴☠


Maybe someone in here knows the answer https://bitcoin.stackexchange.com/questions/122143/what-was-bitcoins-supply-in-the-pre-alpha-release-posted-by-cryddit-on-bitcoi


Satoshi & Adam Back Emails:
A Read Through of Satoshi's First Contact

youtu.be/heBu0GzdmGM


The burden of proof is on you to a) provide evidence for the diagnosis b) provide evidence for prognosis c) provide evidence for an effective treatment.

If you provide no evidence for any of the above, you're just engaging in lazy narrative spin doctoring and are not worthy.


Let’s see How smart is nostr? How many epochs are there in #Bitcoin until the last satoshi is minted? 52 ? 42 ? 33 ? https://stacker.news/items/429375


You wouldn’t inject a Coldcard…would you?!


The Val-caries Shall Summon Me Home


I love randomly losing followers by the dozens on Twitter when hitting a round number of followers. Every fucking time. Can I get a “Fuck Elon” Ala max keiser  energy? Ahhhh NOSTR.


#Bitcoin self custody is moot and a bit of a larp if you don’t run your own full node.


Testing 1 2 3, can anyone hear me in this country…


Bitcoin Filters Work By Default, and That's a Good Thing!

https://stacker.news/items/397842

"Nirvana fallacy (perfect-solution fallacy) - solutions to problems are rejected because they are not perfect."
Ordinal spammers, grifters, and apologists want you to believe filters don't "work". They will say this on repeat, while ignoring all evidence to the contrary. Because they're compromised, and arguing in bad faith for their own grift, or their employers.
Often they do not define what a "working filter" does, but when they finally get cornered into an answer they assert that a "working filter must stop all spam transactions from getting into all future blocks, forever. Otherwise it does not work!" That's right folks, there's no shades of grey here! Just black and white outcomes! Golly gee, these fallacies are fun!
This is what we call a false goalpost, which is related to the Nirvana Fallacy. It's a linguistic technique used by bad faith actors to distract away from the main point. The fact is, FILTERS WORK AND ARE WORKING NOW. Filters are being used by your Bitcoin node by default, and should be! (Lookup the dust limit!)
The grifters don't want these points heard, since they are valid, unlike their transactions in my nodes mempool. Rather, they want the discourse to focus on the extreme goal of complete censorship, as a way to shift focus away from the obvious.
Filters Work for your own nodes mempool. Saving you resources, your RAM, CPU power, bandwidth, and energy too. You not only save your resources by running filters (like permitbaremultisig=0). But, by locally running filters, you reduce your moral culpability, ethical and legal liability associated with this harmful spam.
Filters can also work by stalling propagation of spam transactions generally, if there's enough uptake by most node runners. Thereby, increasing the cost of this behavior in time for validation, and perhaps even by increasing the fee paid for validation of these grifting, infinitely reproducible, no-supply-cap, shitcoin-token, receipts-of-JPEG's.
Increasing the cost on this deviancy, in time, in money, socially, in any way, is desirable and has the effect of reducing the attacks long-term runway. And yes, it is an attack. Which can socially evolve and get worse over time. At the moment it is a benign cancer. But it can become malignant if we are not collectively careful. Unfortunately, Core devs & maintainers are naive, continue to play dumb and bury their heads in the sand on this issue. But that's a discussion for another time.
Furthermore, mass collective filtering of this spam by node runners can incentivize payments out of band, which works to identify mining pools who are directly collaborating with attackers. This also has the effect of increasing the time for validation of spam.
Hilariously, this was recently demonstrated by Rob Hamilton, the CEO of anchor watch. He attempted to showcase that the dust limit filter could be easily circumvented by a payment out-of-band to Luxor pool. Unfortunately, it took him and Luxor three days to figure out how to do this, thereby demonstrating the utility in forcing undesirable spam out-of-band. Adding friction in any way reduces the harm and runway of the attack. Clearly this friction was demonstrated by Luxor and Rob's inability to get their spam transaction confirmed in less than 432 blocks.

https://x.com/oomahq/status/1744120014574076160

https://twitter.com/oomahq/status/1744483045829190089
Once these bad faith mining pools are identified, like Luxor, they can be lobbied against by appealing to their miner clients to switch pools. Miners have an incentive to switch pools under these circumstances, since the out-of-band-payment payouts, as they are today, can’t be validated by miners. Rather, miners need to trust that payouts from out of band payments are being distributed fairly by the mining pool. Which the mining pool does not have an incentive to implement until they lose mining clients for being lazy or greedy. In any case, mining pools are getting a free ride as passive enablers of this unwanted spam-scam-grifting-useful-idiot-attacking behaviour.
“But what about muh mempool? Doesn’t this break fee estimation? Aren't you scared about these spooky third and forth order effects that have a low probability of occurring?”
Quite frankly, No. And that’s not my problem. I also believe this is low on the totem poll of negative potentialities involving this attack. Mempool fee estimation being more broken then it already is, is an outcome I’m very willing to accept for effective filter optionality at reasonable levels.
For instance, having an effective filter built into Core turned off by default is entirely reasonable, appropriate and warranted. Expecting people to disable their mempool entirely with Blocksonly=1 is like launching a nuke, when a scalpel is needed. It's entirely inappropriate, and potentially harmful. It's surprising that core devs are recommending this as THE option to enable.
Furthermore, Over 80% of respondents do not believe this spam activity belongs on Bitcoin. It’s reasonable to assume that this same group would run filters on their node if they were conscious of how to deploy this choice.

Sadly, most Bitcoin node runners don’t know what Bitcoin Core’s config file is, let alone how to use it to achieve MAXImum effective filtering of spam. Bitcoin Core devs & maintainers don’t seem eager to enable this choice either, even if off by default, for reasons that seem extremely close to the Nirvana Fallacy.
But there are still a few options for Bitcoin node runners to enable filters using the Bitcoin.conf file today.
The first one is a nuclear filter option. This option disables your mempool altogether, so you will not be relaying any unconfirmed transactions to other node peers, or be storing any in your RAM.
Be warned, this isn’t an advisable option if you run a lightning node or if you plan to broadcast your own onchain transactions. But you could simply turn your mempool on again when needing to do onchain transactions.
You can disable your mempool by typing “blocksonly=1” into your config file, then save the file and restart core, and your mempool will be disabled entirely, free of spam abuse. To turn your mempool back on, do the same thing but instead type and save “blockonly=0” and delete “blocksonly=1”.
With all that said, blocksonly=1 is a nuclear option that discriminates all transactions. Thus, non-spam economic transactions also suffer under this policy, same as spam transactions. But maybe as a protest some of you will want to use this option. Sipa (Peiter Wuille) is recommending it as a filter option, and as justification for not adding any new filters that are more targeted. Perhaps every node runner should listen to him and collectively shut off the mempool?

https://x.com/BITCOINALLCAPS/status/1655975292400451584

https://x.com/4moonsettler/status/1748360305980407944?s=20
But for those who don’t want such an extremely broad filter, there are some more specific filters that eliminate spam from your mempool. To achieve this, it is highly recommended that you set
“permitbaremultisig=0” AND “datacarrier=0”
in your config file. These eliminate baremultisig transactions from being propogated to your peers mempools, as well as storage of baremultisig transactions in your RAM.
This is currently being used by the stamps scheme, a related ordinal scheme, to bloat the UTXO set beyond normal rates of growth. Thereby accelerating baseline pruned node and full node resource usage and requirements long term. Which sucks for those people who this will effect now and eventually, preventing them from running their own nodes.
As for Datacarrier=0, this eliminates OP_RETURN transactions from your mempool, which aren't as harmful, but are still being used by some of these BRC20 shitcoin-token schemes to grift and scam. It’s not unreasonable to filter these as an extra precaution, and to save your local compute resources.
You can go a step further socially and broadcast your preference for these filters by using saving “uacomment=stop the spam on your own node, set datacarrier equals 0 and permitbaremultisig equals 0” in your Bitcoin.conf file. This would then show up as a public message displayed by your node, readable by your node peers. You can set any custom message you like.
In conclusion, this false goalpost of: “you’ll never stop spam from getting into a block” is a) not the only goal and b) designed to distract away from the other goals that are immediate and obvious. Such as, personal node resource control, expression, compute savings, and the reduction of moral-legal liability associated with your nodes participation in distributing this unwanted spam content.
ie Sovereignty.
Which is the whole point of Bitcoin. You get to run the code you want, within consensus. Filtering is within consensus, and you already do it by default if you run Bitcoin Core with no modifications.
Filtering is your god given right as a Bitcoin node runner to turn on or off.
IT WORKS.


Yup


#Bitcoin will take you places…Bitcoin Oasis 2024 in Dubai Feb 7-9th                    GN 🇦🇪 https://video.nostr.build/46c86fba4e798b83270f5c9b23489f9d821f195e59f7b142e0b6adfdffe2074d.mp4


Peace and Love today. Violence tomorrow. GM #Bitcoin


#Bitcoin Filters Work By Default, and That's a Good Thing | To Filter Spam From Your #Bitcoin Core Node, set “permitbaremultisig=0” & “datacarrier=0”  in your Bitcoin.conf File | Use "blocksonly=1" to turn off your mempool entirely
https://www.reddit.com/r/Bitcoin/comments/19ehsd6/bitcoin_filters_work_by_default_and_thats_a_good/


Good pick, well deserved


Fuding lightning to sell your centralized ‘solution’ or to advocate for softforks that are unnecessary is pretty disgusting behaviour.


Lightning ain’t bad either


#Bitcoin Filters Work By Default | How to filter spam from your Mempool https://stacker.news/items/397842/r/BITC0IN


Pet it


NOSTR could be the revolutions spear head if it achieves its ideal. Lots of work to do on that front.


No. Develop within the envelope. Changing consensus is premature for most of this stuff.


Blink and or zbd ain’t bad


Doubt


At what cost


219D 0CCC A61F 4801 F524 47CB 3443 0838 5E9B 31B1


Come find me 😂🏴☠🏝


GM https://video.nostr.build/6020cd31c1ce8febb261f8320b15f1a0d529d7dc1ae19d64681db4e41d47012c.mp4


GM


Ggy


Not that anyone would on nostr gives a fuck, but there may have been logic for the 21 million #Bitcoin supply number being picked by Satoshi, buried in the source code of the pre release alpha…most haven’t dug far enough to realize the significance…this one will be a fun story to tell I think. What’s the answer to life, the universe and everything?


regular reminder that lightning *is* a “shared utxo” protocol that uses covenants (and multisig) to scale bitcoin payment tx thruput

most of the commentary against it points out that it does not scale number of holders in relation to # of utxos. in my mind this is a good sign of the protocol’s success (it shipped and people use it and they found drawbacks with the MVP). It’s also a sign of bad messaging around the applicability of 2-party accounts to certain payment situations (venmo for example)

sometimes it is useful to have multiparty channels; i’d argue that liquid is one such example of this.

federated mints are another one; note that both of these multiparty systems require consensus algorithms to function. fedimints were using BFS, (iiuc they just changed to a new one). liquid uses “nakamoto consensus” aka a blockchain to keep track and agree on shared balance states

Lightning was shipped as the minimum viable product to scale tx thru-put and it succeeded at that. it did this with minimalist, 2-party design as consensus from 2-parties is the simplest case. this meant it could avoid tricky consensus questions and focus on privacy + throughput instead

shipping multi-party utxos at scale will require a solutions for managing consensus amongst stakeholders in the “shared utxo”; see Ark and already existing federations for examples of contending with this problem 🫡


For those who missed the livestream, here's a recording of the OCEAN #Bitcoin  Mining Pool Announcement with @GrassFedBitcoin @LukeDashjr & nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m https://youtu.be/jFfzsEj6z6c?si=S3oKHzIQTQaCM_B_


Name him humble


Screening STRANDED
on the #BITCOIN YouTube channel
in 2hrs 10 minutes

Run time 18 minutes
https://youtu.be/ZGJ9kMp8Hyw?si=d-x-iwzGeSX-mEL7


GM. Go visit a country where Bitcoin is banned


Its kind of weird r/bitcoin credits Eric Hughes/cypherpunk manifesto (1993) in the sidebar

when Tim May's crypto anarchy manifesto (1988) isn't mentioned, is what led to b-money (1998), which led to #Bitcoin AND pre-dates the cypherpunk manifesto.


Mempool #Bitcoin fees continue their insanity

Use lightning

Don't have any channels open? Time to learn. phoenix, zeus, BTCpay server, raspiblitz are all goodish options for running a lightning node.

Aim for American thanksgiving or Christmas to open some channels cheaply.

https://image.nostr.build/735919c8187eaf5053fea5b2666fc9732cd2c85480a39c7c4c2994bd13bfac05.jpg


The Draft version of the Bitcoin whitepaper that pre dates the official one published is slightly different https://gwern.net/doc/bitcoin/20081003-nakamoto-bitcoindraft.pdf


you don't, but when you use buddy apps that don't work, it makes it seem like you need to pay for it to work.


nvm, it was the alby app.


Don't use/subscribe to snort.social. shit doesn't work.


He’s had the same lines for a long time now.


Another race between two blocks at the same height. Would be cool if you could bet on the winner.
https://forkmonitor.info/stale/815202
( nostr:npub16sna270wzvrhjqv2lje7sek2h9wunjr4jdp35nv5dn7ssjvy4hssdgk5pz) https://image.nostr.build/793727351b1faff5965c2a17e2985b73b5f419b84a425e5dd00f5bfcb9305174.jpg https://image.nostr.build/1b2883db523f6066f0e71a271669a9be0b7071486ccb5852325c75fadedc1070.jpg


I mean one implies the other


Getting scammed out of my time by shitcoiner feels bad man


Less 14 hrs


Finished https://image.nostr.build/b8a19ba7112806d12df95db60010acb7e1e418dc9030d14cd83235c4ff2774e8.jpg


Imagine a rock garden of just those


#[0] FinCen has never heard of the 4th amendment or 5th amendments and is of unquestioning belief that an Act trumps a constitutional amendment.


Satoshi is a time traveller https://youtu.be/9bkz0xzFzAk?si=8_Kfq2e12mFg3k65


fyi nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f can now fund raise via youtube https://twitter.com/BITCOINALLCAPS/status/1715144012959457612


testing


gonna try snort.social and see if it's better than iris for video posts


*foreshadowing*


What has two crows and strikes the sky?


each time I use iris to upload a video, it gets lost/removed


Such a perfect day…


are nostr videos a thing now via mov files or whats the deal?


sure, what prompt do you want. and specifics? samples?


All that’s left are the betas and sociopathic beneficiaries of nepotism


Sometimes feels like shouting into a void on these fucking “platforms” thank god for nostr


Is there a good nostr client for posting video clips natively, ideally on desktop


Imma hodl out for that 1 day per byte


Some fun with a #Bitcoin Lightning ATM I fixed at a local #Bitcoin meetup.


GM ☕


OpenSats is proud to announce long term support for bitcoin core developer nostr:npub1s6z7hmmx2vud66f3utxd70qem8cwtggx0jgc7gh8pqwz2k8cltuqrdwk4c.

Sjors has reviewed almost a thousand pull requests since 2017, some of them in-depth reviews across many rebases. He has opened about 160 pull requests over the years in various areas, mostly related to the wallet codebase. His main focus is on thorough code reviews as opposed to writing code himself.

Joining nostr:npub1uaj9phu5lpxpczm3vaayt46m0yv0pduxzy7z6quwd2uggxue7fmqx9665u and Marco Falke, we are now providing long term support to three bitcoin core developers.

Onward 🫡

https://opensats.org/blog/sjors-provoost-receives-opensats-lts-grant


👀
nostr:npub1wfvjajv0336mpxhdk6xvlafp20p8mch5083wyjd6xxnerlaxf5kqhsvx9a https://image.nostr.build/9017eb58dcc7e56ed09749d42f25865c6ba8b913e25099d1a54ab2ad6514bd86.jpg


LFG


lmao at the unholy alliance that has formed between shitcoinXMR shills on "security budget", "tail emission" FUD, which is an echo of "hashrate death spiral" fud from last cycle, being picked up by BIP300 & Ordinal Grifters.

Ya'll grabbing at straws.