John Cantrell Profile picture
Jan 4, 2022 5 tweets 1 min read Read on X
You probably saw the image of the Bitcoin genesis block with Satoshi’s hidden message in it over a thousand times yesterday (happy belated bday!).

If you were at all curious how Satoshi actually sent the hidden message in the genesis block then read more below 👇
The message is actually embedded in the first transaction ever made on the Bitcoin blockchain. It is part of a special transaction called a coinbase transaction (and no, nothing to do with the shitcoin casino company – though that is where their name came from!).
Every block mined *must* contain at least one transaction, the coinbase transaction, and it has the ability to generate up to the current block reward new bitcoins. Because it generates new coins, It’s the only transaction that must not spend another transaction’s output.
Because there’s no previous output being spent, the miner can put whatever they want in the transaction’s input. Some miners use it to identify themselves or signal support for features. In Satoshi’s case they chose to insert the infamous bank bailout headline from Jan 3rd 2009.
Want to find this message yourself? Search a block explorer for block 0. Look for the field called ScriptSig on the only transaction in the block. It’s contents are usually displayed as hex so you will need to use a hex to ascii converter to reveal the hidden message!

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More from @JohnCantrell97

Aug 2, 2022
The lightning network offers interesting privacy properties compared to on-chain txs. However, the way routing works allows the sender to learn who the recipient is.

A proposal called Route Blinding aims to eliminate this drawback.

Let me break it down for you 👇
In my previous explanation of how routing works we learned that the sender is responsible for building up paths to use for routing a payment to the recipient of the payment.

This requires the sender to know who the recipient is.

I also explored how the recipient could gain privacy by using Rendezvous Routing:

Read 20 tweets
Jul 26, 2022
Onion routing is a technique used by both the tor project and bitcoin’s lightning network to enhance user’s privacy.

How does it work?
Why is it useful?

I’ve been studying bitcoin for a decade, let me break it down for you 👇
To understand onion routing it’s important to understand what is meant by routing in general. Routing refers to how something gets from A to B.

A simplistic example would be google maps directions on how to drive from NY to Austin.
The route in this case is a series of instructions that tell you what to do at each step:

- Turn left at sesame street
- Drive for 25 miles
- Turn right at main street
- Drive for another 50 miles
- Your destination will be on the left
Read 15 tweets
Feb 8, 2022
Introducing Sensei: A lightning node implementation focused on making Bitcoin accessible to the entire world.

Sensei combines the utility of the @bitcoindevkit with the flexibility of the @lightningdevkit to produce a node ready to take on the world.

l2.technology/sensei
Sensei offers all the functionality you’d expect from a lightning node:

- creating and paying lightning invoices
- opening and closing channels
- on-chain transactions and utxo management
- authenticated http and grpc apis
- a cli tool

and so much more.
Sensei allows you to spawn and manage always-on lightweight child nodes.

They share resources with the parent node but appear no different to the rest of the network.

Help your friends, family, and community members manage their uptime and liquidity while earning routing fees.
Read 8 tweets
Jan 31, 2022
I’ve been studying Bitcoin for a decade.

I distill what I've learned into threads that explain Bitcoin using simple language.

I’ve covered the lightning network, supply schedule, mining, game theory, difficulty adjustment, proof of work, keys, utxos, htlcs, and so much more 👇
Onboarding 7.753 Billion People to Lightning
Read 25 tweets
Jan 30, 2022
Today is day 30 of my journey to develop a writing habit. It was successful then I ever imagined it could be.

Threads I wrote were viewed over 2.5 million times and over 7K new people decided to follow along.

Let me break down my process and what I learned on this journey 👇
You must make the habit a priority.

Schedule time on your calendar for it and don’t let it be interrupted.

For me I chose to write early in the morning. I would set my alarm for 6am, grab a cup of coffee, and go write uninterrupted for an hour.
Do not feel the need to over edit or stress out about what people will think.

Just write for an hour about the topic, read it over a couple times, hit publish and walk away.

This process is about building a new habit while breaking down old barriers to content production.
Read 11 tweets
Jan 29, 2022
The adoption and therefore price of Bitcoin might accelerate faster than most people realize.

What is game theory?
How does it apply to Bitcoin?

You probably heard the ideas thrown around but let me break it down for you 👇
Game theory is the study and analysis of the strategy used by rational actors within some environment.

In its simplest form you can think of as analyzing how each player should play in a board game.

The ideas can be applied more broadly to all types of ‘games’.
So what games are going on in Bitcoin?

There’s actually many separate but related games being played within the Bitcoin ecosystem.

There’s the mining ecosystem, development process, individuals, company treasuries, and even nation state games at play.
Read 14 tweets

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