Greg Maxwell's explanation on why he's not on Twitter goes pretty deep, and makes some good critical points about the pitfalls of (purposefully) limited communication space:
https://old.reddit.com/r/Bitcoin/comments/dv804k/do_you_guys_actually_think_btc_will_hit_1_million/f7ctc2k/…
Alternatively you could add a verification step where your nostr message includes an ots proof based on a block where the tx output in question was still unspent. Would need to go further if you wanted to also avoid the possibility of sats being secretly encumbered by some nft.
If it was popular it would obviously mean coins would become coloured - a coin that holds some awesome nft is perhaps worth more than another coin of the same value that doesn't. But that's obviously the point of ordinals in the first place.
It means previous owners of your sat can turn it into an nft that you own without your consent. Perhaps that would be bad somehow? Much cheaper to post a nostr message than a tx though, even at 1sat/vb.
Your unique nft id is the nostr message id, and to verify it you check the txid exists, and has an output matching the ordinal and pubkey. "Ownership" of the nft then moves with the specified sat. Copying the nostr message to different relays is fine and encouraged.
Is there anything about ordinal inscriptions that can't just be done via a nostr message with 0 on chain footprint? Choose a sat locked into a taproot, p2wpkh or p2pkh address. Post a nostr message signed by the (internal) pubkey, tagged with the txid and ordinal and inscription.
Here’s a high-level summary:
- Freeze a transaction by adding it to the blacklist
- Create a transaction that spends the frozen inputs, and includes an OP_RETURN that contains a hash (it’s supposed to be the hash of the court order, which is cute and total theater)
…
Oh hey, guess the current Australian government will also be passing a copyright extension act in the next couple of years to avoid things becoming public domain on 1st Jan 2026.
There is no public domain day in Canada this year and thanks to copyright term extension passed by the government in a budget implementation bill in 2022 there will not be one for 20 years.
https://twitter.com/DukeCSPD/status/1609557088153341952…
Suffering? I don't care if Monday's blue.
Discipline? Tuesday's grey and Wednesday too.
Laziness? Thursday, I don't care about you.
Happiness? It's Friday, I'm in love.
I guess the Cure disagrees about ordering.
Either that, or it's Elon playing 18 dimensional chess, via a genius plot to show how much better twitter is than the alternatives, resulting in everyone appreciating Elon and twitter even more. After all, that would be the most ironic outcome, which makes it 99.9% certain.
Clearly this is the Deep State fighting back. The twitter files were revealing too much, and Elon's distracted by the World Cup final, so the remaining moles that haven't been fired yet are taking the opportunity to sabotage things while they still can.
Twitter seemingly banned @paulg for this tweet. A major account that was obviously not "solely created to promote other social media platforms." And he didn't even post the link!
As @balajis said, this is a bad policy and should be reversed.
This is not plant based salmon, it’s not wild or farmed. It’s cultivated salmon. Made from growing salmon cell by cell. And it really blew my mind. So tasty and much better than previous versions I’ve tried elsewhere.
Thank you @wildtypefoods for the eye opening deliciousness
You might have noticed you can't send NFTs on Coinbase Wallet iOS anymore. This is because Apple blocked our last app release until we disabled the feature.
What are people's opinion on the Bitcoin Inquisition idea? I.e. to test soft forks on Signet using a separate code base which people can opt into (per soft fork basis). (Comment with details esp. if you are opposed to the idea.)
Wow. This is somehow even worse than you'd expect. Instead of setting up a centralised authority, it's "if miners decide to confiscate anyone's funds, they can". Requires a 50% attack for 6-blocks, but that's cheap on bsv. Get out now.
Looks like BSV is (finally) setting up the ability to steal random coins so they can dump them on the market to keep the scam going. Definitely time to get out... https://github.com/bitcoin-sv/bitcoin-sv/commit/873568e6d4f1fa52437dcc78ecc2517797e124fc…
This is getting wild.
The time that Crypto .com claims to have "accidently" sent user funds was during the Gate proof-of-reserve.
And we just saw similar behavior with Huobi.
Are exchanges passing around ETH loans to pass audits?! twitter.com/shegenerates/s…
The innumeracy of this is truly astounding. SBF didn't understand the geometric mean criterion.
I'll throw in that you should bet below kelly, not because it's mathematically optimal but because you're likely underestimating variance/correlation
Two years ago SBF wrote a thread on bet size and Kelly betting.
I questioned him on it. He engaged with me.
Let’s take a look at this thread and SBF’s views on bet sizing in light of the events with FTX and Alameda this week. twitter.com/SBF_FTX/status…