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Maxim Orlovsky Profile picture
Maxim Orlovsky
@dr_orlovsky
Ex Tenebrae sententia: sapiens dominabitur astris. Computer and neuro-scientist, cypherpunk, posthumanist. #AI #robotics, vertical progress. #RGB creator
Jul 8, 2022 • 9 tweets • 3 min read
An analysis which problems #Bitcoin solves as of today, in the order of adoption 🧵

1. instrument of Investment: long-term (5+ yrs) high-risk high-reward investing in censorship-resistant & trustless way: anybody can buy it (=short fiat/gold/assets) as a “forex” market bet

… 2. Long-term (5+ yrs) store of value (#SoV) with the same risk profile as gold, but cheaper vaulting and better unconfiscatability (still high chances of loosing due to vault mismanagement).

…
Nov 7, 2021 • 6 tweets • 2 min read
Continuing #Taproot series.

#2, pt 1/6. Taproot introduces new “common signature function” for signing tx with BIP-340 Schnorr signature. This function may be re-used in a future soft-forks (simplifying implementation/code review). It provides two ways of changing signing algo: #2, pt 2/6. First, for incremental updates, where we do not change the order of data signed, but append new data to the end, we can use so-called *ext flag* - a value in range 0-127 passed as a parameter to the common signing function.
Nov 6, 2021 • 5 tweets • 1 min read
#Taproot is coming. Each day before taproot activation I will publish mostly unknown tech insights into what taproot brings.

#1, pt 1/5. Taproot introduces new versioning for bitcoin script (as many know). But do you know that each taproot branch may have a different script? #1, pt 2/5. Moreover, taproot separates script versioning from witness versioning. I.e. in witness v5 we may have something like three script versions - or today v1 P2TR output may have a script condition for future versions of script
Mar 9, 2021 • 13 tweets • 3 min read
1/ With #RGB one needs to change a mindset from “ethereum smart contracts” to normal understanding of what smart contract is. And first, this is a _contract_ between parties. Well-defined parties. Not some record in a global registry, like this concept was distorted in ethereum. 2/ RGB is _bearer rights_ smart contracts, returning the world what was lost of the true free market because of regulations and requirements for centralized censorhip with global registries (even when they are on blockchain, decentralization does not make them less global).