Discover and read the best of Twitter Threads about #segwit

Most recents (6)

‼️#BCH /#bcash was hit by 51% attack from just 2 miners, BTC.TOP & BTC.com
- & no one seems to be talking about it. 🤨

Thread 👇🏻

1/ What I've gathered from loose details:
First, there was an unintentional split with the recent #BCH "upgrade."
2/
Since the original split in 2017, there has been a significant number of coins accidentally sent to "anyone can spend" addresses (due to tx compatibility of sigs, but no #SegWit on #BCH), or possibly they've been replayed from #Bitcoin onto the #BCH network.
3/
Because of this, tons of coins (#BCH) would essentially be "up for grabs." However, devs implemented a protocol rule called CLEANSTACK, making P2SH coins unspendable.

This was to be removed with May 15 fork, basically handing the coins to miners.
github.com/bitcoincashorg…
Read 15 tweets
As a reminder, you should NOT use #Segwit for non-Lightning wallets. It is harmful to #Bitcoin by enabling larger blocks and increasing the growing rate of centralisation. (This *includes* Bech32 addresses! Try to use 1xxx or 3xxx addresses you're sure are not Segwit)
One exception is for long-term savings. If you're not planning to use the wallet at all for several years, you should probably use Segwit since your next transaction will likely be to upgrade to Lightning.
Since several people have expressed concern: There is NOT any risk of theft from using Segwit. Anyone claiming they can be stolen easier (especially justifying it as "anyone can spend") is a trolling liar.

The danger is sync times, NOT theft.
Read 3 tweets
I suggest all $BCH, $BAB and $BSV supporters to read what Satoshi actually had to say instead of clinging onto the whitepaper and trying to force their own interpretation as 'the real #Bitcoin'. Small thread about why people should avoid toxic people like @rogerkver and CSW [1/5]
They have opposed #SegWit from the start while Satoshi was very clear about supporting every possible transaction type he could think of and exploring new transaction types in the future. [2/5]
They also claim that @bitcoincoreorg / @Blockstream have centralized the development of $BTC and that #Bcash is more decentralized due to several implementations being available. Satoshi opposed to having more than 1 implementation for obvious technical reasons. [3/5]
Read 5 tweets
1/
All within the last 30 days in #Bitcoin

• All #Lightning implementations hit Beta! @blockstream @lightning @acinq_co
• lightning.spin gambling #Lapp
• RGB #Lightning + #Bitcoin assets @giacomozucco
#Liquid Sidechain Issued Assets @Blockstream
2/
• AMP #Lightning payment routing research @joostjgr
• Full Privacy Wasabi Wallet @nopara73
#Schnorr Signatures BIP!! @pwuille @Snyke
• BIS chief says "stop trying to create money" 🤣
@coinbase custody open for deposits!
@CasaHODL open for Business!
3/
@CNBCFastMoney -"#Bitcoin is dead" #lmao
• low-tech inbound LN capacity solution @alexbosworth ⚡️
#BetterHash protocol for decentralized mining pools @TheBlueMatt
@TheCryptoconomy releases 100th podcast episode! 😉🤣
• Atomic on-chain #LTC to off-chain #BTC swaps
Read 7 tweets
THE most corrupt people in #crypto:

@brian_armstrong
@rogerkver
@proffaustus
@JihanWu
@vinnylingham
@el33th4xor

These individuals have no principles.

None of them understand #bitcoin, yet all fight to kill that what gave them wealth and power in the first place.

Shame!
- ignores the community and rejects the importance of #segwit
- likes tweets talking about "bitcoin dethroning"
- owns more $ETH than $BTC
- never says the word "bitcoin" during public campaigns, just "blockchain" or "cryptocurrency"
- he used to sell pipe bombs on the internet, spent time in prison
- spreads lies and fud
- claims bcash is the real bitcoin
- involved in pump and dumps, korean exchanges and insider trading
- tricks users in buying bcash on his site under the name "bitcoin"
Read 10 tweets
Starting today's #Bitcoin news thread...

Remember you can find the newsletter, YouTube, and SoundCloud links to the Daily Bitcoin Recap at kyletorpey.com
US Treasury Secretary Warns Against Bitcoin Becoming the Next ‘Swiss Bank Account’

🤔Wonder if he knows that's the whole point.

bloomberg.com/news/articles/…
The Bitcoin Investment Trust will undergo a 91-for-1 split on Jan. 26. That’ll turn the 1.9 million shares currently outstanding into a whopping 174.4 million. It will cut the stock price from around $1,950, where it currently sits, to roughly $21. bloomberg.com/news/articles/…
Read 34 tweets

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