Under BIP300 rules 26% of miners can lock coins in a drivechain indefinetely.
Imagine USA gov mandating Foundry to never release coins from a privacy drivecahin.
Miners have the option to use 'alarm' which is a vote that downvotes all proposals. Thus even if 74% vote in favor.... ...the proposal still does not go through because it can never reach 51% in favor.
If there are miners that abstain from voting, then there's even a lower percentage needed to lock indefinetely the coins.
Drivechain people should understand the risks.

Bitcoin is feudalism.
Bitcoin can not scale on first layer. All second layers come with compromises. But on first layer you can not onboard all the population on Earth. It's just a fact. At one point fees will be so high that only high valued transactions will confirm onchain
1/n Big blockers opted for the socialist route of offering first layer access to everyone but that would have the cost of loss of decentralization. If Bitcoin tried that only once it would be a hard fork that would be politicized into future hard forks for more block increases.
2/n

Had a blast in El Salvador but there were also things I didn't expect or like!
Short thread 👇 The big chains in the capital do accept Bitcoin but most of the small shops do not. Except El zonte all other small towns have almost no BTC acceptance. I asked people why not and 90% of the time they said they don't understand it.

@SantiagoAuFund listened to your talk with Robert and you got me thinking. What if whenever someone says the word "money" he's using a wrong term? What if there is no such thing as "money" that's both MoE and SoV. What if these two are completeley different?
1/2 What if the State has monopoly only on MoEMoney and doesn't care that much about SoVMoney?
What if the freemarket always had the freedom to chose whichever SoV it wanted?
What if Bitcoin doesn't compete against the dollar, but rather the other SoVs (gold,real estate, stocks).
2/3

When you run your own full node besides validating your coins you can also ssh into it and query for some information about the network or specific data in the blockchain. Here are some of the ones I use from time to time.
Consider adding your favorites too to this thread: bitcoin-cli getblockchaininfo

Shows information about your node, mining data or how many peer you're connected to. Also there's info regarding the taproot softfork status.

This is a short tutorial how to get Bitcoin Core working on the new RockChip RK3566, a small SBC that has an M2 socket directly on it. The board itself is also more slim and would make for a great full node for travelers. First I will add some pictures of the board. The CPU is on the opposite side of the M2 slot. I added a small heatsink to it even though it doesn't seem to get hot at all even while Core is syncing.

Shamir's Secret Sharing is an algorithm in cryptography created by Adi Shamir. It is a form of secret sharing, where a secret is divided into parts. I have used this scheme to backup my passphrase for my Bitcoin wallet. Here is what I did.
Thread: First I used an old Android phone and downloaded "Shamir Secret Sharing Scheme Encoder & Decoder" app from Playstore and "Backup and Restore" app to save the apk of the SSS app in case it would disappear from the store.

This is a short review of the best way I found until now to create a Bitcoin BIP39 seed phrase (24 words) that you can actually verify yourself BY HAND that it was generated correctly and you don't have to trust the code.
It's @bjdweck's Rudefox Burrow.

H/T @MartyBent
(1/x) You will need a Raspberry Pi (just swap the existing sim card with a sim with the Rudefox Burrow image), a 8-sided die (explained later) or somehow to generate randomly numbers from 1-8, and a seed generation worksheet.
I will attach at the end a link to installing tutorial.

[Thread]
Quotes from "Fiat money inflation in France" written by Andrew Dickson White in 1896 and revised in 1933.
libertarianpress.com/fiatmoneyinfla… "Paper money under a
despotism is dangerous; it favors corruption; but in a
nation constitutionally governed, which itself takes
care in the emission of its notes, which determines
their number and use, that danger no longer exists."

This is a short review of Specter Desktop from @CryptoAdvance, which is now my new favorite way to validate coins and create multisig wallets.
It's an interesting easy-to-install tool that connects to your Bitcoin Core and that you can then access from a web page.
Thread: To start you just download the files for your system and you just run it. It's that easy.
github.com/cryptoadvance/…

After starting it you will get the webpage address to access Specter. I recommend bookmarking it:
http://127.0.0.1:25441/

Everybody is an Austrian, they just don't know it yet!

Goldbugs like to think that they understand Austrian economy, but actually everyone understands it without knowing it.
People always chose to save in a harder money. And the best one at the moment is real estate.
Thread 1/n Real estate has an inflation lower than that of fiat, that's why people chose to park their value in this asset.
It's easy to validate (use eyes) and it's also arguably even easier to transfer (sign some papers) compared to gold and there's no other 3rd parties (vaults).
2/n

I will try to sketch the transactions graph of the three Coinjoin implementations that we have to better understand how they work. These are just abstractions, the real process being much bigger and with many more users.
Thread: @wasabiwallet creates one big round of coinjoin where many participants add different UTXOs and the outputs are equal size UTXOs that have high anonymity set but also change UTXO that is still linked to each user.
The change could be used for mixing later, a LN channel or donated

Defiance is a Spectrum (THREAD)

I see some Bitcoin content creators (@PeterMcCormack) that argue Bitcoin will just grow to billions of users without them ever validating or coinjoining their coins. I am arguing that if users don't do this then the Bitcoin experiment has failed: When Bitcoin was invented for the first 4-5 years most the people involved were cypherpunks. They all understood the importance of self-sovereignty and valiantly opposed the NYA agreement and the S2X attack. This showed the importance of users taking maters in their own hands!

I would like to offer a short review of a full node bundle created by @mynodebtc . I find it very user friendly to install on a Raspberry Pi 4 and includes Lightning Network, Electrum Server, an Explorer, VPN and others. Here are the steps I took: Starting from mynodebtc.com/download I downloaded the image for RP4 and flashed to SD card. Put the SD card in the RP4 and attached a 1TB external HDD. Booted the RP and went to my computer and accessed the router (usually 192.168.0.1) to see the node local IP.