The below is an off-site archive of all tweets posted by @lopp ever

March 2016

@oocBlog @kristovatlas All the more surprising that during periods of full blocks, some miners prioritize low fee consolidation txns.

via Twitter Web Client in reply to oocBlog

BrendanEich New site design: brave.com

New blog post from @_mtr and me on the BTC-based, anonymous Brave Ledger: brave.com/blogpost_3.html

via Twitter Web Client (retweeted on 8:12 PM, Mar 31st, 2016 via Twitter Web Client)

@kristovatlas I wonder if @oocBlog has ever attempted to reverse engineer mining pool prioritization rules…

via Twitter Web Client in reply to kristovatlas

@SlackHQ Already did; apparently being signed into a dozen teams with lots of channels on each requires a ton of memory…

via Twitter Web Client in reply to SlackHQ

“Where’s the warrant canary in the Reddit transparency report?”
“We’ve been advised not to say anything about it.”
reddit.com/r/announcement…

via Twitter Web Client

@masonic_tweets Thou shalt not use the blockchain for “cloud mining” dust payouts.

via Twitter Web Client in reply to masonic_tweets

This leads to the question: do miners prioritize low fee transactions with many inputs and few outputs b/c they consolidate the UTXO set?

via Twitter Web Client in reply to lopp

@lykle Not necessarily sent via bitcoin p2p network; I suspect lots of miners have private APIs

via Twitter Web Client in reply to lykle

@lykle Someone could send them directly to miner, or perhaps there are enough nodes relaying nonstandard txns that they propagated normally.

via Twitter Web Client in reply to lykle

@1Cal83 @DonutShorts @pmarca Federal regulations make banks not want to touch marijuana revenues.

via Twitter Web Client in reply to 1Cal83

It’s only one phone.
It’s only sixty three phones. techcrunch.com/2016/03/30/acl…
It’s only hundreds of phones per city. npr.org/2016/02/21/467…

via Twitter Web Client

Bitcoin Core’s scaling roadmap projected an April release date for Segregated Witness. Will they make it?

via Twitter Web Client

.@OPENDIME == first bitcoin bearer bond. Great for privately trading batches of “investment” coins. Off-chain for limitless scalability!

via Twitter Web Client

ErikVoorhees Beautiful 3d visualization of the Bitcoin blockchain - balls are transactions occurring in real time. bitbonkers.com

via Twitter Web Client (retweeted on 1:22 PM, Mar 31st, 2016 via Twitter Web Client)

Study by @el33th4xor, @socrates1024, @ittayeyal & others argues that block sizes up to 4 MB are safe for Bitcoin. initc3.org/scalingblockch…

via Twitter Web Client

You’d think the poisson distribution of bitcoin blocks would balance out, but it’s a throughput net negative b/c fast blocks aren’t filled.

via Twitter Web Client

@OPENDIME Will there be any way to back up an opendime? I’m guessing not, since that could pose a problem for its cash-like attributes.

via Twitter Web Client

.@CloudFlare proposes adding proof of work to @torproject browser as a replacement for captchas. github.com/gtank/captcha-…

via Twitter Web Client

johnbiggs I just published “Bitcoin and a matter of trust” medium.com/@johnbiggs/bit…

via Twitter Web Client (retweeted on 9:10 AM, Mar 30th, 2016 via Twitter Web Client)

@TaoOfSatoshi How do they decrease block space contention? They run their own semi-trusted chain that can be used as a caching layer?

via Twitter Web Client in reply to TaoOfSatoshi

@masonic_tweets @acityinohio Indeed; we’re going to need the avg txn fee to approach 0.01 BTC in order to offset the subsidy halving O:-)

via Twitter Web Client in reply to masonic_tweets

@theonevortex @Xentagz No, I mean from ~10 sat / byte to 40-50 sat / byte. Talking about fees in terms of pennies is nonsensical.

via Twitter Web Client in reply to theonevortex

Higher txn fees ought to indicate more demand for bitcoin in general. The exchange rate has doubled during this period of fees quadrupling.

via Twitter Web Client in reply to lopp

Recommended bitcoin transaction fees are 400%-500% higher than 6 months ago. pic.twitter.com/3ksHaJHQSY

via Twitter Web Client

The first release of @openbazaar will have plenty of limitations, but there’s a long term plan to address each one: blog.openbazaar.org/current-limita…

via Twitter Web Client

One thing I’ll note about miners selling preallocated block space: they won’t be able to hide it. We are watching. twitter.com/OneMorePeter/s…

via Twitter Web Client

You’ll need mad WordPress skills if you want to develop the Disneychain. twitter.com/el33th4xor/sta…

via Twitter Web Client

@GitKilbert Nah, watching exchange rates just makes my head hurt. It’s madness.

via Twitter Web Client in reply to GitKilbert

@ziggamon That would have been a P2SH -> P2SH transaction

via Twitter Web Client in reply to ziggamon

Someone just moved nearly 100,000 BTC from P2PKH to P2SH addresses. blockchain.info/tx/afe5c15fde7…

via Twitter Web Client

@Snowden @TimesofIsrael Digital signatures aren’t sufficient? :-D

via Twitter for Android in reply to Snowden

Looks like @Coinkite is the latest Bitcoin company to pivot. If you’re a Coinkite user, come on over to @BitGo! blog.coinkite.com/post/141836920…

via Twitter for Android

To clarify: the supply available on the market. From what I’ve seen, most miners are HODLers & don’t sell all coins. twitter.com/minajati/statu…

via Twitter Web Client

Halving hype heating up w/106 days left. I doubt it affects supply substantially, but if enough people do, price → self-fulfilling prophecy.

via Twitter Web Client

@jgarzik That’s what happens when you enable global unauthenticated write access! Sounds like a job for biometrics…

via Twitter Web Client in reply to jgarzik

Nice timing. @TraceMayer recently asked: “I wonder why Sergio hasn’t found any @ethereumproject vulnerabilities?” twitter.com/SDLerner/statu…

via Twitter Web Client

balajis 12/ That is: self-driving cars, ride-sharing, drone delivery, and hyperloops take cars *off* the roads. Like email reduced need for postmen.

via Twitter Web Client (retweeted on 6:22 PM, Mar 27th, 2016 via Twitter Web Client)

Interesting viewpoints! “Ether is not really meant to be a speculative asset that increases in value.” - @TraceMayer bitcoin.com/podcast

via Twitter Web Client

Beware: it’s quite easy to send ether into the ether - there is no address validation if the input is all lowercase. reddit.com/r/ethereum/com…

via Twitter Web Client

@flyosity Unless they have a mini nuclear reactor in that thing, no way it can process several gallons of water per second.

via Twitter Web Client in reply to flyosity

ThatPrivacyGuy Looking for a VPN? Check out my Comparison Sheet with unbiased, independently verifiable data on over 100 services! bit.ly/21fsFxQ

via Twitter Web Client (retweeted on 12:58 AM, Mar 27th, 2016 via Twitter for Android)

@mikeclouser I never would have guessed that @CathyReisenwitz is over 35 years old! Maybe she can teach @GovGaryJohnson how the NAP works…

via Twitter Web Client in reply to mikeclouser

@santisiri @balajis It’s a meaty book, but I highly recommend it! Same goes for “Debt: the First 5000 Years”

via Twitter Web Client in reply to santisiri

If you want to hear what a cryptocurrency-based ponzi scheme sounds like, call 1-855-230-2223.

via Twitter Web Client

Arrested for restroom misconduct:
Transgender citizens: 0
Politicians: 5+
@NCSenateDems @MyNCSenate @NCHouseGOP @nchousedems @PatMcCroryNC

via Twitter Web Client

Digital Bitbox hardware wallet released at $120 price point: digitalbitbox.com/betashop
KeepKey drops price 60% to $99: keepkey.com

via Twitter Web Client

Anti-authoritarians may be diagnosed with mental illness because mental health professionals are highly obedient. madinamerica.com/2012/02/why-an…

via Twitter Web Client

Enjoyed being on the Technotopia podcast w/ @johnbiggs to discuss how blockchain tech will revolutionize the world! technotopia.cc/2016/03/25/tec…

via Twitter Web Client

@templarenegade @Blockstream I suspect that it was many transactions over a fairly long period of time, but only @n1ckler knows for sure.

via Twitter Web Client in reply to templarenegade

I’m seeing more transactions with high hard coded fees from 0.0005 to 0.001. Overpaying by an order of magnitude! tradeblock.com/bitcoin/tx/3f5…

via Twitter Web Client

Now we need a “require from blockchain” library so that we can run the scripts @petertoddbtc embedded in it. gist.github.com/rauchg/5b032c2…

via Twitter Web Client

brianbondy .deb files for Debian and Ubuntu available for 🦁 Brave 0.8.2 laptop-updates.brave.com/latest/debian64 Install with `sudo dpkg -i brave_0.8.2_amd64.deb`

via Twitter Web Client (retweeted on 11:05 AM, Mar 24th, 2016 via Twitter Web Client)

rusty_twit I’ve started a lightning development blog: medium.com/@rusty_lightni…

via Twitter Web Client (retweeted on 10:00 PM, Mar 23rd, 2016 via Twitter for Android)

kristovatlas I’ve written a new article about the central planning of digital money, and what we can do to fix it. kristovatlas.com/bitcoin-calcul…

via Hootsuite (retweeted on 8:26 PM, Mar 23rd, 2016 via Twitter for Android)

@roasbeef Nice; now how about some animated lightning strike sprites?

via Twitter Web Client in reply to roasbeef

Today’s adventure in Java development led me to this gem: code.nomad-labs.com/2011/12/09/mot…

via Twitter Web Client

@asheshbadani I’m still seeking any Red Hat employees in NC to talk to about your blockchain plans; please shoot me an email :-)

via Twitter Web Client in reply to lopp

bencxr Excited to launch the world’s first multi-sig web wallet for @ethereumproject! Check it out at: ether.li

via Twitter Web Client (retweeted on 1:24 PM, Mar 23rd, 2016 via Twitter Web Client)

World’s first multi-sig @ethereumproject web wallet: ether.li
Kudos to @BitGo engineers @bencxr, @masonic_tweets, @barathcj!

via Twitter Web Client

coindesk BitGo Engineers Launch Ethereum Wallet Side Project bit.ly/1UkJoS1 pic.twitter.com/1nLIq6nNjs

via Buffer (retweeted on 12:11 PM, Mar 23rd, 2016 via Twitter Web Client)

@hcarpach Whoops; I figured @SurBTC would correct me if it was wrong. I wasn’t aware that SurBitcoin is different from SurBTC!

via Twitter Web Client in reply to hcarpach

Gregory Maxwell, Michael Marquardt, & Pieter Wuille collected 42 BTC as a CoinJoin bounty; it’s still available… bitcointalk.org/index.php?topi…

via Twitter Web Client

@kristovatlas IDK; looking at peerinfo I don’t see anything weird. Perhaps @orionwl @pwuille @port8333 @TheBlueMatt can speculate.

via Twitter Web Client in reply to kristovatlas

New Statoshi chart: peer ping times. Seeing a wide range of pings:
Lowest: 13ms
Median 126ms
Upper: 10+ minutes!
statoshi.info/dashboard/db/p…

via Twitter Web Client

Just wait until VR is perfected; I suspect we’ll imprison people in their own mind. volteface.me/features/do-we… pic.twitter.com/GUr48Jf39k

via Twitter Web Client

.@SurBTC (Chilean exchange) doubles user base to 90K in 1 week after Venezuelan govt publishes anti-BTC propaganda. diariobitcoin.com/index.php/2016…

via Twitter Web Client

@ddahlke REPLY “SHOWMETHEMONEY” TO SUBSCRIBE TO HIGHLY UNTARGETED ENTRY LEVEL PHP PROGRAMMER JERBS!

via Twitter Web Client in reply to ddahlke

Slow clap for Reddit user “anti-fragile” who clearly knows how to play the karma game. /cc @slushcz pic.twitter.com/osz8x5LI2L

via Twitter Web Client

@slushcz iii d & e are the changed parts regarding the voting calculation; it was originally just 20th percentile. github.com/jgarzik/bip100…

via Twitter Web Client in reply to slushcz

@slushcz @brockpierce FYI @jgarzik did fix the BIP100 21% attack issue by clarifying that 80% is req’d for either direction.

via Twitter Web Client in reply to slushcz

Great talk about privacy in Bitcoin by @n1ckler. Fun fact: someone used an SPV wallet to receive 60,000+ BTC. youtube.com/watch?v=HScK4p…

via Twitter Web Client

New Statoshi stats: breakdown of realtime and aggregate node bandwidth usage by p2p message. statoshi.info/dashboard/db/b… pic.twitter.com/yIdWrDdiNO

via Twitter Web Client

@drwasho If it becomes common for pools to pre-sell block space, we’ll have not one but /many/ (opaque) fee markets ;-)

via Twitter Web Client in reply to drwasho

@bgok IDK, if you don’t have $10M in capital to invest in starting a mining operation, it may be cheaper to lease preallocated block space.

via Twitter Web Client in reply to bgok

If we get to the point where a significant portion of block space is pre-sold by miners to institutions, it could cripple fee estimate algos

via Twitter Web Client in reply to lopp

As block space contention increases, institutions may prepurchase from miners. Note that @YourBTCC & @21 already mine txns for their users.

via Twitter Web Client

If Bitcoin mining pools published their txn selection algorithms & provided fee recommendation APIs, the fee guessing game => a fee market.

via Twitter Web Client

Reddit has started tracking all the outbound links you click - here are several ways to bypass the tracker: reddit.com/r/privacy/comm…

via Twitter Web Client

oocBlog Animation of hyperbolic transaction fee density (btc/kB) model pic.twitter.com/wrJ7llSGMU

via Twitter Web Client (retweeted on 7:56 AM, Mar 18th, 2016 via Twitter for Android)

The Observer Effect is particularly nasty in code when you have a job that normally blows up but runs fine when debugging output is enabled.

via Twitter Web Client

@niccary @blockchain Will be interesting to see how this affects the fee market. :-)

via Twitter Web Client in reply to niccary

@bhorowitz @polemitis @21 has built the next pingdom. Don’t be fooled, this is the first of many new internet kingdoms.

via Twitter Web Client in reply to bhorowitz

Irony is when you try to save RAM by compressing in-memory serialized objects only to find out the compression library has a memory leak.

via Twitter Web Client

@mikestable @ddahlke Yesterday I had to go spelunking into the JVM’s garbage collector and learn about C/C++/native heap memory. *shudder*

via Twitter Web Client

@mikestable A little lead never killed anybody… what’s a little drain bamage and homicidal mania between citizens?

via Twitter Web Client in reply to mikestable

@brianchoffman YO DAWG I HEARD YOU LIKE BITCOINS SO I’M SELLING @MikeTyson BITCOIN ATMS ON @openbazaar

via Twitter Web Client in reply to brianchoffman

PessimistsArc When it’s an idea: “won’t work”
When it works: “won’t catch on”
When it catches on: “It’s a fad”
When it’s not a fad: “it’s an addiction!”

via Twitter Web Client (retweeted on 4:52 PM, Mar 16th, 2016 via Twitter Web Client)

wikileaks RELEASE: Search engine for 30,322 Hillary Clinton emails wikileaks.org/clinton-emails/ pic.twitter.com/hGlsCUKWDY

via Twitter Web Client (retweeted on 1:01 PM, Mar 16th, 2016 via Twitter Web Client)

Bitcoin wallets shouldn’t enable segwit until ~1 month after soft fork activation due to security issues. bitcoincore.org/en/meetings/20…

via Twitter Web Client

@TuurDemeester They need to get lightweight clients working soon; sounds like they also want to shard the blockchain (never been done AFAIK)

via Twitter Web Client in reply to TuurDemeester

@mikeinspace @21 It’s easy to point and laugh at those who try to radically change the world; in the long run no one remembers the skeptics.

via Twitter Web Client in reply to mikeinspace

@flyosity Psh, Trump will just donate more money to himself.

via Twitter Web Client in reply to flyosity

21 You can now earn bitcoin for helping others monitor uptime and latency.
medium.com/@21/ping21-ear…

via Twitter Web Client (retweeted on 10:16 PM, Mar 15th, 2016 via Twitter Web Client)

@MrChrisEllis I wonder if @coinbase cares that their checkout is facilitating a suspicious crowdsale? prismchain.com

via Twitter Web Client

@MrChrisEllis @Prism_Chain @PumpUpBTC Who /wouldn’t/ want to invest in “A BLOCKCHAIN ENVIROMENT”

via Twitter Web Client in reply to MrChrisEllis

@lykle I’m not worried about it; there are plenty of possible solutions depending upon the use case. I’m focused on medium.com/@lopp/the-chal…

via Twitter Web Client in reply to lykle

@lykle Yes, 0.12 has performance improvements but I’m talking general data processing - the blocks get larger and larger as you approach tip

via Twitter Web Client in reply to lykle

Processing Bitcoin’s blockchain is like watching a Windows 95 progress bar - the closer you get to 100% complete, the slower it becomes.

via Twitter Web Client

Amazon files patent to replace passwords with selfies. slashgear.com/amazon-thinks-…

via Twitter Web Client

Well balanced post from @jratcliff on the future of Lightning Network. codesuppository.blogspot.com/2016/03/the-li…

via Twitter Web Client

20% think the current node cost is fine
41% think it should be lowered
39% think it can be raised as value increases pic.twitter.com/GKeZ0Rqqs3

via Twitter Web Client

@JustusRanvier Soooooo remove the block size limit and let the market figure it out?

via Twitter Web Client in reply to JustusRanvier

@JustusRanvier Cost / benefit analysis is much more straightforward with revenue generating business + they aren’t a shared resource.

via Twitter Web Client in reply to JustusRanvier

@pig_poetry If you get bored post-digitization of consciousness, just throw in a Thread.sleep(10000*TimeUnit.YEAR) w/interrupt conditions.

via Twitter Web Client in reply to pig_poetry

@jonhbit What are you thinking, like meshnets / bitsats?

via Twitter Web Client in reply to jonhbit

@gavinandresen Gotcha; it doesn’t seem a perfect comparison since it’s not a consensus DB; there are workarounds. blogs.cisco.com/sp/global-inte…

via Twitter Web Client in reply to gavinandresen

@deadalnix You mean remove the block size limit? Performance characteristics & thus resource cost are result of work by Bitcoin devs.

via Twitter Web Client in reply to deadalnix

@_drgo Or should it be based upon the benefit to the average user (amount stored / transacted?)

via Twitter Web Client in reply to _drgo

@realSimonBurns @gavinandresen Big concern seems to be that demand that exceeds capacity changes the economics of using the network.

via Twitter Web Client in reply to realSimonBurns

@sylvandb Cost of running a node is the question I keep coming back to with regard to scalability debate: coindesk.com/how-to-save-bi…

via Twitter Web Client in reply to sylvandb

@fredzannarbor @_drgo Because disk space, CPU, RAM, bandwidth, electricity, etc are not free.

via Twitter Web Client in reply to fredzannarbor

What should we target as the acceptable cost to run a full Bitcoin node? (for “other,” please reply / heart replies)

via Twitter Web Client

@gavinandresen Sure, but only BGP tables are a shared resource & their growth is limited by IP address space. arstechnica.com/security/2014/…

via Twitter Web Client in reply to gavinandresen

@pierebel Digitizing consciousness ought to achieve the same effect :-)

via Twitter Web Client in reply to pierebel

“Life” goals:
1) Extend bio lifespan 10X
2) Digitize self into galactic mesh network
3) Escape heat death of universe into parallel universe

via Twitter Web Client

@gasull Sure; larger blocks will affect the fee market, though I’d bet that any new cap will eventually be hit & cycle will repeat.

via Twitter Web Client in reply to gasull

@mikeinspace I consider a PC “slow” when I have to wait a perceptible amount of time for it to accomplish something; I still do it a lot.

via Twitter Web Client in reply to mikeinspace

6) This brings us to the debate over fee markets and whether they are necessary at this point in time.
GOTO 1

via Twitter Web Client in reply to lopp

5) There is no objective way of categorizing which use cases belong on the blockchain and which don’t; we let the market decide via fees.

via Twitter Web Client in reply to lopp

4) Think of it in general terms of PCs. My PC 20 years ago was slow. My PC today is still slow. More complex software uses more resources.

via Twitter Web Client in reply to lopp

3) This is because there is no such thing as “enough computational resources.” Developers will use all resources available to them.

via Twitter Web Client in reply to lopp

2) As long as Bitcoin is backed by machines with finite resources, there will be contention over their use and availability.

via Twitter Web Client in reply to lopp

1) The first step to finding inner peace with the Bitcoin block size debate is realizing that it will never end.

via Twitter Web Client

@kristovatlas Maybe they lost it or already blew it on dice games and dark markets.

via Twitter Web Client in reply to kristovatlas

Leapfrogging in the opposite direction, it seems.
“RSCoin would be a tool of state control”
twitter.com/AmbroseEP/stat…

via Twitter Web Client

20% polled think ether will be a store of value.
20% of ether holders are using it for non-speculative purposes. pic.twitter.com/fs1PBM0dXS

via Twitter Web Client

khannib I aggregated all the fee estimations APIs I could find into one dashboard. Have a look: p2sh.info/dashboard/db/f… pic.twitter.com/UaWH88FpVB

via Twitter Web Client (retweeted on 12:43 PM, Mar 12th, 2016 via Twitter for Android)

I suspect that active traders have become frustrated by bitcoin’s sideways movement & are excited to see action. twitter.com/WhalePanda/sta…

via Twitter for Android

For those of you who own ether, are you:

via Twitter for Android

Will ether prove to be as good a long term store of value as bitcoins?

via Twitter for Android

21 The First Micropayments Marketplace.
medium.com/@21/the-first-…

via Twitter Web Client (retweeted on 6:10 PM, Mar 11th, 2016 via Twitter Web Client)

keynote TL;DW: @POTUS warns that strong encryption is a menace to society, fails to mention that it has existed for decades.

via Twitter Web Client

“If the government can’t break into everyone’s computers, child pornographers & terrorists will run amok!” twitter.com/CNBCnow/status…

via Twitter Web Client

@kristovatlas I didn’t hear anybody in the audience booing, so that might tell us something as well…

via Twitter Web Client in reply to kristovatlas

“If tech community won’t build sophisticated back doors, something bad will happen & Congress will force sloppy back doors” @POTUS

via Twitter Web Client

@brianchoffman IDK about you, but I set MAX_ARGUMENT_LENGTH = TimeInterval.YEAR

via Twitter Web Client in reply to brianchoffman

@masonic_tweets Indeed, everyone should focus on building that which interests them rather than tearing down others’ pursuits :-)

via Twitter Web Client in reply to masonic_tweets

Skepticism is healthy, but after thinking of all the ways an idea might fail, try thinking of ways it might succeed. coindesk.com/gregory-maxwel…

via Twitter Web Client in reply to lopp

2008: BTC whitepaper released.
Cypherpunks: “It’ll never work!”
2015: Lightning Network whitepaper released.
Bitcoiners: “It’ll never work!”

via Twitter Web Client

@cypherdoc2 It’s a design decision in open source software; if you don’t like it, you’re free to change it.

via Twitter Web Client in reply to cypherdoc2

@cypherdoc2 Right, but last I heard, LN devs intend close channel tx fees to be ~10X normal in order to safeguard against market volatility.

via Twitter Web Client in reply to cypherdoc2

@cypherdoc2 Open fees will be same as any regular tx; close fees face additional future prediction challenge - sounds like they’ll be high.

via Twitter Web Client in reply to cypherdoc2

@cypherdoc2 “spam attacks” do pose additional challenges if miners set policies to ignore txns via characteristics other than fee rate.

via Twitter Web Client in reply to cypherdoc2

Bitcoin transaction fee estimation is a goldilocks problem wrapped in a future prediction enigma shrouded by a miner mystery.

via Twitter Web Client

oocBlog historical block size animation

goo.gl/HvlFtY pic.twitter.com/SXf3WSEzAw

via Twitter Web Client (retweeted on 9:47 AM, Mar 10th, 2016 via Twitter Web Client)

@kyuupichan Subscription via bloom filters is different from account discovery though; it should at least maintain some internal state…

via Twitter Web Client in reply to kyuupichan

@JustusRanvier Sure, they’re recoverable, but to an ordinary user they’re gone. At the very least, inciting a panic.

via Twitter Web Client in reply to JustusRanvier

@kristovatlas spec allows for a send failure tolerance of 0 if a future send succeeds. Lookahead should be based on acceptable tolerance.

via Twitter for Android in reply to kristovatlas

@kyuupichan Twenty is probably fine for external chain, but no gap for internal chain is not fine. Besides, these operations should be rare.

via Twitter Web Client in reply to kyuupichan

I wonder why no one on the Bitcoin devs list seems interested in an issue that could result in loss of bitcoins… lists.linuxfoundation.org/pipermail/bitc…

via Twitter Web Client

Paying a fee rate of 222 satoshis / byte is ludicrous today - it won’t get your transaction confirmed any faster than 50 sat / byte.

via Twitter Web Client in reply to lopp

Much higher fee rates today, but looks like it’s b/c users are increasing hard coded fees to 0.0001 * X. tradeblock.com/bitcoin/tx/0e8…

via Twitter Web Client

Blockchains automate bureaucracy, increasing efficiency while reducing risk. Now the question becomes “what bureaucracies will we build?”

via Twitter Web Client

@bitcoin3000 @JorgeStolfi It would take a decent # of txns. Strings can be stored in output scripts; see github.com/petertodd/csv-…

via Twitter Web Client in reply to bitcoin3000

@el33th4xor Good to hear that sidechains are already being used in production!

via Twitter Web Client in reply to el33th4xor

If you want to operate as a middleman to extract value from a network that eschews middlemen, you must first create value to extract.

via Twitter Web Client

@btcdrak @G1lius @kanzure @rusty_twit Is something wrong with the dev mailing list? No posts in 4 days. My post 24 hours ago is in limbo…

via Twitter Web Client

Users who collect many low value outputs via mining / faucet / etc payouts are more affected by higher fees. twitter.com/lopp/status/70…

via Twitter Web Client

@ziggamon Correct, though Blockchain’s situation may be different.

via Twitter Web Client in reply to ziggamon

.@OneMorePeter reports from the front lines: time cost to manage support tickets is rising. medium.com/@OneMorePeter/… pic.twitter.com/qnYxuK9jew

via Twitter Web Client

Excited to announce our next Triangle Bitcoin & Business speaker: Veena Pureswaran, co-author of IBM’s ADEPT concept meetup.com/Triangle-Bitco…

via Twitter Web Client

“On the blockchain, any sufficiently inefficient process is indistinguishable from spam.” medium.com/@laurentmt/doi… pic.twitter.com/GKlwWdxloR

via Twitter Web Client

For every economist there exists an equal and opposite economist.

via Twitter Web Client

Blockchain obituaries of Robin Williams, Michael Jackson, Johnny Cash, Gandhi, MLK Jr, Carl Sagan, Albert Einstein: bitcoinstrings.com/blk00172.txt

via Twitter Web Client

@el33th4xor @NickSzabo4 @gavinandresen Indeed, miners just want to get paid - IMO the only definition of Bitcoin ‘spam’ is the fee offered.

via Twitter Web Client in reply to el33th4xor

@NickSzabo4 How much do you think it ought to cost to rickroll the blockchain? twitter.com/lopp/status/70…

via Twitter Web Client in reply to NickSzabo4

A poor craftsman blames his tools. An expert craftsman becomes a toolsmith. Keep this in mind when you’re unhappy with open source software.

via Twitter Web Client

.@petertoddbtc used his script for posting padded text to the blockchain to post itself to the blockchain. bitcoinstrings.com/blk00251.txt

via Twitter Web Client

@juscamarena Having fun with Eternity Wall? By my count your name is in the blockchain 389 times!

via Twitter Web Client

Someone stored the entire text of @gavinandresen’s “Time to roll out bigger blocks” post 58 times in the blockchain. bitcoinstrings.com/blk00265.txt

via Twitter Web Client

Meta: @twitter convo b/t @adam3us & @jgarzik about blockchain data… stored in blockchain. bitcoinstrings.com/blk00249.txt pic.twitter.com/vZS5WuiHFH

via Twitter Web Client

By my count the blockchain has been rickrolled over 20 times so far. bitcoinstrings.com/blk00157.txt

via Twitter Web Client

Throwback Thursday: my first technical post as a Bitcoin engineer, published 1 year ago. medium.com/@lopp/the-chal…

via Twitter Web Client

@juscamarena @kristovatlas @BitGo *shrugs* isn’t that just a mining policy update? Any miner could implement it today.

via Twitter Web Client in reply to juscamarena

@cypherdoc2 @BitGo IDK, would require deeper analysis to actually see how many low fee incoming txns we received that aren’t confirmed.

via Twitter Web Client in reply to cypherdoc2

@CathyReisenwitz If Hillary becomes Prez, can she pardon herself?

via Twitter Web Client in reply to CathyReisenwitz

@brianchoffman Happened to me once with a professor in college. Class was rolling but managed to keep straight faces upon his return.

via Twitter Web Client in reply to brianchoffman

@zWVlkseDmg @BitGo Our standard response is to tell the user to contact the person / wallet that sent the transaction & fix their fee.

via Twitter Web Client in reply to zWVlkseDmg

Report from front lines: outgoing @BitGo txns are mostly confirming quickly. Sharp uptick in support cases for incoming txns not confirming.

via Twitter Web Client

“… innovations such as @BitGo Instant are more useful than ever.” - @champbronc2 of @BitQuickco coindesk.com/press-releases…

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@ryanxcharles How’s that dynamic block size limit working out for ya, @ethereumproject?

via Twitter Web Client in reply to ryanxcharles

“Mandatory upgrade” == @ethereumproject is hard forking its way into the future. twitter.com/ethereumprojec…

via Twitter Web Client

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