NETF RE₳K
@netf_reak
Digital mercenary
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just cancelled @OpenAI and @AnthropicAI subscriptions and switched over to @deepseek_ai . It's free and open source (MIT licensed) and I like responses a lot more than chatgpt gpt/o1 or claude
The May 2024 upgrade to Bitcoin Cash (BCH), CHIP-2023-04 Adaptive Blocksize Limit Algorithm, is now active on chipnet at block #174519 (0000000068675ff881ff763de0c4b47b8da8f64c7800c016a9dac60f7f8e0007)! 🎉 This upgrade resolves an economic vulnerability that was introduced in…
The defence against this attack (or Ordinals if one considers them a bug) is a block size increase. Increase the block size to 10 MB and this attack now costs $45 billion. 200 MB? A trillion! The only real attack on Bitcoin, which is happening, is not increasing the block size.
If the US government wanted to, they could spam the chain and set a permanent floor at 200 sat/vByte for only $4.5 billion per year at current #Bitcoin prices. No ordinal nonsense needed.
Today's bitcoiners actually want a CBDC with a fixed supply and that's it. Because if it wasn't like that and they really understood bitcoin, they wouldn't be bitcoiners.
Days without finding a new critical Lightning Network vulnerability: 0 • github.com/ariard/mempool… • github.com/ariard/bitcoin… • lists.linuxfoundation.org/pipermail/ligh… "We argue this replacement cycling is one of the most practical way to steal Lightning funds" 🤔
It's infinitely funny, but it seems like Lightning is prone to dirt-cheap spam attacks 😅 reddit.com/r/Bitcoin/comm… Will they build a PoW system on top of Lightning to counter that? Oh waaait! 🤪 The icing on the cake? The spammer's message is "don't use custodial wallets" 🤣
Why do people keep insisting that Lightning Network will scale Bitcoin? LN will never work and gets worse as more people try to use it.
Cashrain.com is live. This tweet is an active Cashrain. Join my community and get paid. Cashrain.com/kimdotcom Or make your own community 😘
How to explain how badly Bitcoin is broken in just one slide? Bitcoin needs higher fees to sustain security, but any new apps that bring these fees are a DoS attack 🤪
Spoiler: they won't figure this out. Scaling Bitcoin with Lightning is a fundamentally broken approach. No scaling at all as we can see: once blocks are full, Lightning stops working too.
That hurts: Sorry guys, we had to take Boltz offline for the time being⚠️ Our on-chain working capital is all locked up in the mempool and swaps started failing. A disabled swap service is better than a failing swap service. Bear with us, we'll be back when we figured this out.
Updated Bitcoin transaction fees: BCH Next Block: $0.0006 BCH Weekly Median: $0.0003 BTC Next Block: $43.44 ⚰️𝘿𝙚𝙖𝙙⚰️ BTC Weekly Median: $4.37
I simply won't defend BTC anymore. It's scaling solution has sold out to the World Economic Forum. If you can't see that I don't know what else to say. #BitcoinCash fixes this garbage.
ChatGPT is so last month 😴 🔥 Stanford/Google researchers just dropped some mindblowing new research on generative agents, and it's like they brought Westworld to life. 🤖 Here's what you should know⤵️⤵️⤵️ Using a simulation video game they created, researchers made 25…
If everyone hopped into self-custodial Bitcoin and the entire network ground to a halt, what we would do then?
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