It's an excellent sign that #Monero never published its own whitepaper. It published working code, and that's infinitely more valuable. @fluffypony @monerocurrency
Adam Krellenstein
1,186 posts
Adam Krellenstein
@agkrellenstein
Joined May 2017
- When @CounterpartyXCP was launched, we had a working codebase on day 1. I never wrote a whitepaper because I thought it wasn't necessary. Ten years later, I think it could help a lot of people to have a formal description of the project, so I wrote one—krellenstein.com/adam/get/count…
- It's bad enough that the word "crypto" has come to refer to cryptocurrency and not cryptography, but it's flat out wrong to say that Bitcoin uses "encryption". Bitcoin transactions are signed and hashed but not encrypted. All privacy in Bitcoin is mere pseudonymity.
- The highest priorities for @CounterpartyXCP are infrastructure and ecosystem: testing, deployment, performance, code quality; new block explorers and third-party wallets. Counterparty has a *ton* of value riding on it, and we're going to make a rock solid platform to build on.🚨 *ANN* Counterparty Development Update 2024-01-22 🚨 Wondering what's happening with Counterparty development recently? Here's a detailed breakdown by the core devs of near-term development priorities, recent milestones and next steps. counterparty.io/news/developme…
- .@CounterpartyXCP has a little-known feature called `kickstart` which dramatically speeds up the initial blockchain parsing by reading from the bitcoind db directly. It's been broken for years, so everyone has been relying on `bootstrap`, which isn't trustless. Fixing this now!🛠️
- @CounterpartyXCP codebase is in need of some serious TLC. just got the test suite passing for the first time in half a decade! updated all dependencies and almost ready to start tackling performance optimization 🏎️
- Replying to @agkrellenstein@CounterpartyXCP brought smart contracts to Bitcoin and solved the trust issue in 2014, all without raising a single dollar from investors. We're going to continue building it out, and unlike sidechains, we'll never need any network "signatories" (VCs) to keep the protocol secure
- Most arguments against blockchain technology: "Why would you want every apartment in a building to have its own kitchen? How inefficient! Everyone could use a central one and save tons of space."
- I just found out that $XMR actually *increased* its block time last year. Major kudos to the team for putting security first! @fluffypony
- It's still impossible for the creator of Solidity to write a secure smart contract for something as simple as multisig, which Bitcoin had working perfectly in 2009. That means regular users have *zero* chance of being able to build real, decentralized applications on Ethereum.
- 1/ Use of the word "consensus" to describe Bitcoin's PoW algorithm has done irreparable harm to people's understanding of the protocol. There's no explicit agreement by nodes on which chain is the longest. Every node just uses the longest one it can find as its source of truth.
- When I took back over the maintainer role for @CounterpartyXCP 5 months ago, I was struck by how hamstrung the community was by the ecosystem's limited infrastructure... this is a network with $1bn of value on it, and its only mobile wallet hasn't been updated in *five years*.😱We're proud to announce that we're launching a modern suite of native tools for the @CounterpartyXCP ecosystem and other Bitcoin L2 protocols, including a new wallet and a block explorer.
- It's a bug in blockchain protocols that airdrops are even possible. With privacy of balances, as with $XMR, it just can't be done.
