jamesob
12.4K posts
- BITCOIN CORE'S LOSS OF FOCUS The legacy technical leadership in bitcoin is becoming increasingly less effective. -- Almost universally, Core and "graybeard" devs are not focusing on _the_ fundamental problem in bitcoin: preserving trustless UTXO ownership. Instead they are
- I've been watching markets compulsively for the last few years, and it's obvious that we're headed for some very strange times. I've been meaning to write about this - and how Bitcoin ties in - for a while, but finally got around to it this weekend.
- THE CONSENSUS CONUNDRUM Bitcoin faces a one-of-a-kind leadership problem — A lot of consensus-change proposals for bitcoin are on the table at the moment. All of them have good motivations, whether it's scaling UTXO ownership or making self-custody more tractable. I won’t
- CTV + CSFS: a letter to the technical bitcoin community from 43 engineers Full text at ctv-csfs.com
- So what do you call the position where - you realize that the monetary system is broken and fixing the money is basically most important thing in civilization - you realize blockchains are extremely experimental and bitcoin is the most conservative and safe design (1/n)
- In 1971, a house cost 2.5x your yearly salary. What's that number now? 10x, 15x? Why has this changed? Haven't materials gotten cheaper, technology better? Could it be that gov't manipulation of price of money has caused huge asset inflation => wealth gap?This Post is from a suspended account. Learn more
- Getting increasingly worried about the dev funding situation in Bitcoin right now. A few (really talented) Core devs are losing funding pretty soon; there apparently isn't money enough to go around. It'd be really nice to see more Bitcoin businesses step up. This could get bad.
- I made ~$37,000 trading in traditional markets in 2020. Some fancy derivatives trades. Real smart guy stuff. Given what I put at risk, that's about a 37% return for the year. Know what I would've made if I had just kept my Bitcoin? About 10x that. Who's smart now?
- I've just published a paper with a new proposal for how to construct vaults in Bitcoin, OP_VAULT. I think vaults are maybe the single most impactful change we could make to Bitcoin to help derisk custody at any scale. jameso.be/vaults.pdf
- I have bizarrely elaborate home infrastructure; I self-host music streaming, DNS servers, monitoring applications, bitcoind nodes, a network isolated security system, routers, highly redundant ZFS NAS servers, file syncing, LLM models, YouTube archiving. All of this is accessible
- Here's a copy of the note about Bitcoin I'm sending out to friends and family this season. This leans pretty heavily on "number go up," but that's what gets most people thinking.
