The below is an off-site archive of all tweets posted by @lopp ever

September 2017

murchandamus The three legged stool analogy of @VinnyLingham is omitting an important part: the foundation on which Bitcoin’s ne..twitter.com/i/web/status/9…Yx

via Twitter Web Client (retweeted on 4:37 PM, Sep 30th, 2017 via Twitter for Android)

@mourad1bm You mean a multi-sig enterprise ERC20 wallet? I’m not aware of any that exist, though BitGo will support them before too long.

via Twitter Web Client in reply to mourad1bm

Just added a bunch of resources for traders and a new “visualization” section to lopp.net/bitcoin.html pic.twitter.com/dqhp6fSh9E

via Twitter Web Client

@BTCticker FYI it looks like your GeoIP lookups are broken and all txns are rendering at 0’,0’ on bitcointicker.co/transactions/

via Twitter Web Client

“If miners spend millions of dollars to dig holes in North Dakota that no one’s willing to pay for… that won’t last long.” - @TraceMayer

via Twitter Web Client

@timomtheos I think what you’re really asking is how to build a system of ownership everyone agrees to use w/o bein..twitter.com/i/web/status/9…iY

via Twitter for Android in reply to timomtheos

@timomtheos Absolutely. Though it sounds like you’re also asking about reputation. We’ll certainly need better repu..twitter.com/i/web/status/9…9T

via Twitter for Android in reply to timomtheos

Institutions can not be trusted.
Institutions must not be trusted.
Free yourself from the shackles of trust.

via Twitter for Android

@adam3us @jgarzik @hoaxChain @morcosa SegWit2X supporters could activate SegWit on Bcash…

via Twitter for Android in reply to adam3us

Uh oh, looks like we need to manually train Google, y’all. google.com/search?source=… pic.twitter.com/aUt0X54ZG9

via Twitter Web Client

In the battle for the future of Bitcoin, one side is betting on Byzantine Generals while the other is betting on dr..twitter.com/i/web/status/9…x3

via Twitter Web Client

@miltonlealneto Sure, anybody can hard fork whenever they want.

via Twitter Web Client in reply to miltonlealneto

Scammers tend to be early tech adopters, trying to stay a step ahead of law enforcement. Keep your wits sharpened while on the cutting edge.

via Twitter Web Client

“Live free or die” isn’t a bumper sticker. It’s a decision you make every day, whether you realize it or not.

via Twitter Web Client

@jakejakeny Replace every instance of “bitcoin” in your article with “US Dollars” and read it again for a fresh perspective.

via Twitter Web Client in reply to jakejakeny

Just got word from acting Bitcoin Boss, the esteemed Noh Buhdee, that banks are welcome to apply for Bitcoin status. twitter.com/DelRayMan/stat…

via Twitter Web Client

Russian Deputy Finance Minister seeks Bitcoin dip buying opportunity. twitter.com/coindesk/statu…

via Twitter Web Client

@woods_nh @bitcoinmom Depends upon your needs; it can be used as a payment rail today. Will be much better in a few..twitter.com/i/web/status/9…V6

via Twitter Web Client in reply to woods_nh

@uniqbiun Yeah there’s no great option; you should only reveal your xPub if you don’t mind a complete loss of privacy.

via Twitter Web Client in reply to uniqbiun

@danielcamposusa Running a fully validating node is most helpful if you are using it to verify tx you receive. Othe..twitter.com/i/web/status/9…Rr

via Twitter Web Client in reply to danielcamposusa

Bitcoin has never and will never have a goal of maintaining a specific value other than ensuring that 1 BTC == 1 BTC.

via Twitter Web Client

@chartpiker I think any experienced trader would recommend that you never keep more than a small fraction of your holdings on an exchange.

via Twitter Web Client in reply to chartpiker

@MarkosZCH I don’t think it’s a good idea; this is a good overview of some of the reasons why: medium.com/@StopAndDecryp…

via Twitter Web Client in reply to MarkosZCH

@ShreyasGowda88 @Blockstream No, there is no evidence to support such a claim.

via Twitter Web Client in reply to ShreyasGowda88

@IljaDaderko Making /any/ transactions will be dangerous unless your wallet software has been upgraded to have built-in replay protection.

via Twitter Web Client in reply to IljaDaderko

@gavinandresen Alternatively, watch HODLers dispassionately observe blocks arrive much slower than usual, as they h..twitter.com/i/web/status/9…Aq

via Twitter Web Client in reply to gavinandresen

@chartpiker Well, they shouldn’t be there in the first place… 😬

via Twitter Web Client in reply to chartpiker

If you’re anxious about the upcoming SegWit2X fork: no need! All you have to do is nothing. The least safe thing you can do is create txns.

via Twitter Web Client

@seweso Competition is great; I’m saying that eventually folks will figure out that they have to actually add value..twitter.com/i/web/status/9…LV

via Twitter Web Client in reply to seweso

Helpful if you want to better understand Bitcoin’s Simplified Payment Verification tech used by light clients. sagi.io/2017/07/bloom-…

via Twitter Web Client

Like 2013’s altcoin avalanche & more recent ICO outbreak, Bitcoin forking bonanza shall continue until everyone realizes its ridiculousness.

via Twitter Web Client

I hope BGold does the responsible thing and implements strong 2-way replay protection + an address format change… coindesk.com/first-cash-now…

via Twitter Web Client

@matthew_d_green @Excellion @adam3us We’re playing a new game. I think the unofficial name of the game is “hide and..twitter.com/i/web/status/9…Bq

via Twitter for Android in reply to matthew_d_green

September list stats:
bitcoin-dev: 188 emails about improvement proposals
SegWit2X: 1 email about replay protection, 10 about @Wayniloans

via Twitter for Android

@timelessdev It’s not so much that DAGs are provably flawed as it is that A) IOTA has some closed source “coordinat..twitter.com/i/web/status/9…0r

via Twitter Web Client in reply to timelessdev

@2drewlee They can be negative, sure, especially when conveying a message of rejection. But it’s hard to express co..twitter.com/i/web/status/9…MD

via Twitter Web Client in reply to 2drewlee

@desantis @ChaincodeLabs It would be nice if you could select time frames for the first two sets of stats…

via Twitter Web Client in reply to desantis

If I’m reading this correctly, the developers at @ChaincodeLabs are winning at documenting their code! 👏🏼👏🏼👏🏼..twitter.com/i/web/status/9…Go

via Twitter Web Client

maxkeiser The only bubble in is ignorance. pic.twitter.com/heeoUTcA7r

via Twitter for iPhone (retweeted on 3:27 PM, Sep 27th, 2017 via Twitter Web Client)

“Cryptocurrencies need to be backed by central governments.” - @wolfofwallst thestreet.com/story/14320675… pic.twitter.com/GpX4laZKdc

via Twitter Web Client

@jonmatonis And yet they do play an interesting role of signaling within meatspace consensus…

via Twitter Web Client in reply to jonmatonis

@wolfofwallst On a less obvious level, BTC is backed by the resources of all of us who support it financially, technically, & ideologically.

via Twitter Web Client

@wolfofwallst On an obvious level it is secured from attack via proof of electricity consumption and by a network of fully validating nodes.

via Twitter Web Client

@wolfofwallst I heard that you think Bitcoin isn’t backed by anything - I’d suggest you look deeper. Bitcoin is backed by massive resources.

via Twitter Web Client

Avivz78 Applying some to redesign ’s fee market.
New paper with @or_sattath and Ron Lavi.
medium.com/@avivzohar/ret…

via Twitter Web Client (retweeted on 9:24 AM, Sep 27th, 2017 via Twitter Web Client)

Oh my - it’s not even using a blockchain, it’s using IOTA (a DAG) which I wouldn’t trust to store more than $10 on. engadget.com/2017/09/26/blo…

via Twitter for Android

@RileyGrant Because for some people it’s about the idea, not themselves. Ask yourself why Satoshi used a pseudonym.

via Twitter Web Client in reply to RileyGrant

Don’t conflate pseudonymity with lack of skin in the game. Building a rep ain’t easy, regardless of your name. twitter.com/lopp/status/91…

via Twitter Web Client

Some use pseudonyms to troll w/o ruining their reputation. Others use nyms as protection from bad actors & to focus discussions on ideas.

via Twitter Web Client

Vaultoro @BidadooBames @bhec39 @jessedain @Medium 2) As any good businessman, I stick to my word / signature and would have..twitter.com/i/web/status/9…Om

via Twitter Web Client (retweeted on 11:17 AM, Sep 26th, 2017 via Twitter Web Client)

@phildaian I think there’s room for improvement given that a tiny fraction of actual node operators (miners) get to..twitter.com/i/web/status/9…tm

via Twitter Web Client in reply to phildaian

@phildaian If said actors are able to impose a cost upon the ecosystem that is greater than the value of the operat..twitter.com/i/web/status/9…1M

via Twitter Web Client in reply to phildaian

@BeerdHead Not sure that’s a great example given that the use of Public Library resources is regulated by librarian..twitter.com/i/web/status/9…vM

via Twitter Web Client in reply to BeerdHead

@BeerdHead You mean, real-world examples of the Tragedy of the Commons? Check out dummies.com/education/scie…

via Twitter Web Client in reply to BeerdHead

@phildaian You can absolutely be economically rational and simultaneously inconsiderate of using shared resources… thus the tragedy.

via Twitter Web Client in reply to phildaian

4) A distributed append-only log has immense utility; if you offer cheap / free writing of data to other peoples’ hard drives, expect abuse.

via Twitter Web Client in reply to lopp

3) When asked why they were using the blockchain when any relational database would suffice, they answer “because it’s easy and we can.”

via Twitter Web Client in reply to lopp

2) I’ve seen companies create on-chain txns, sending within the same wallet, during low-fee periods, just for internal accounting purposes.

via Twitter Web Client in reply to lopp

1) If you make a public resource absurdly cheap / free then it will be abused by ignorant / inconsiderate people. Tragedy of the Commons.

via Twitter Web Client

@VinnyLingham I find it highly suspicious that @pmarca is listed at #2 when he hasn’t tweeted in what, over a year?

via Twitter Web Client in reply to VinnyLingham

@jgarzik It’s possible, though in my experience high txn volume enterprises tend to not really care about on-chain privacy.

via Twitter Web Client in reply to jgarzik

@PaytheTollman Creating room for more transactions means customers will pay lower fees and get faster confirmations..twitter.com/i/web/status/9…kK

via Twitter Web Client in reply to PaytheTollman

Same goes for Bitcoin companies that won’t batch transaction sends to create efficient many-output transactions. twitter.com/lopp/status/91…

via Twitter Web Client

Bitcoin companies that won’t add SegWit support but do push for larger blocks are trying to externalize their dev costs onto the network.

via Twitter Web Client

Wow, Greg Maxwell performed an audit of @armory’s fragmented backup functionality for funsies? twitter.com/kristovatlas/s…

via Twitter Web Client

I wonder if @Bitso @YourBTCC @RipioApp @ShapeShift_io are going to follow their own guidance for SegWit2X?..twitter.com/i/web/status/9…A9

via Twitter Web Client

Actions speak louder than words; where are the SegWit2X futures markets? 🤔@BitMEXdotcom @bitfinex @CryptoFLtd @OKCoin @coinpit

via Twitter Web Client

@KarateMc4w350m3 It’s so low it’s a rounding error. The cost of the CPU cycles on my RPi node would be well under $0.01

via Twitter Web Client in reply to KarateMc4w350m3

End result: hashpower is only powerful within context of competing against other valid-block-producing hashpower. twitter.com/lopp/status/91…

via Twitter Web Client

@paul_btc @zooko @AriDavidPaul You seem to be referring to one specific type of on-chain governance?

via Twitter Web Client in reply to paul_btc

@zooko @paul_btc @AriDavidPaul It’s tricky b/c governance does imply creation & enforcement of rules. So if you can..twitter.com/i/web/status/9…3b

via Twitter Web Client in reply to zooko

@paul_btc @AriDavidPaul @zooko Right, that’s why I think “governance” may be the wrong term. If participants are al..twitter.com/i/web/status/9…T0

via Twitter Web Client in reply to paul_btc

The cost of creating a valid Bitcoin block is arbitrarily high & based upon network consensus. The cost of rejecting an invalid block is 0.

via Twitter Web Client

@MKjrstad @seweso I work for BitGo and this was on one of our VPSes. Yes, it has SSDs with 8,000 IOPs provisioned.

via Twitter for Android in reply to MKjrstad

@mikeinspace Maybe you can bring them on Bitcoin Car Talk to hash it out!

via Twitter for Android in reply to mikeinspace

@AriDavidPaul @zooko It’s certainly not a strong argument when there is a high cost to leave. 😕

via Twitter for Android in reply to AriDavidPaul

@AriDavidPaul @zooko I don’t claim it’s optimal because first we’d have to agree upon what we’re optimizing for. I..twitter.com/i/web/status/9…nZ

via Twitter for Android in reply to AriDavidPaul

@AriDavidPaul @zooko Democracy is governance by overwhelming voice / force - Bitcoin is governance by exit. I doubt..twitter.com/i/web/status/9…Hc

via Twitter for Android in reply to AriDavidPaul

@AriDavidPaul @zooko If “on-chain governance” means “on-chain democracy” then it seems like a solution looking for a problem.

via Twitter Web Client in reply to AriDavidPaul

@prestonjbyrne Good luck shutting down the ones in more friendly jurisdictions and the ones running on tor…

via Twitter Web Client in reply to prestonjbyrne

@scottwalker99 A bunch of people quit out of fear while others get pissed off and go underground.

via Twitter for Android in reply to scottwalker99

@zacksomeone @BitGo We already have one developer in Germany; if you’re qualified then you can apply to work remotely.

via Twitter Web Client in reply to zacksomeone

@MKjrstad This was syncing Parity 1.7.2 on an SSD with ~8,000 IOPs.

via Twitter Web Client in reply to MKjrstad

@WolfOfEthcoin @BitGo Hmmmm not that I’m aware of; we’re mainly looking for highly experienced engineers.

via Twitter Web Client in reply to WolfOfEthcoin

@CryptoBully @BitGo I’d suspect only the largest of companies could justify in-house. Maybe really large exchanges?

via Twitter Web Client in reply to CryptoBully

And we doubled our open positions at @BitGo. Hit me up if you’re qualified for any of these bitgo.workable.com ethnews.com/angellist-cryp…

via Twitter Web Client

@krisbolt Nope, it would just push Bitcoin use underground and into other jurisdictions.

via Twitter Web Client in reply to krisbolt

@ProfFaustus Miners stopped generating coins on a local node long ago. Most miners connect to a pool via a mining p..twitter.com/i/web/status/9…ot

via Twitter Web Client in reply to ProfFaustus

@MTurlakov Bitcoin is very much self governed - by each individual who governs themselves via their fully validating node.

via Twitter Web Client in reply to MTurlakov

Many events could cause Bitcoin to stumble, but very few stop it from getting back up:
* Kill the Internet
* Imprison / kill all supporters

via Twitter Web Client

@eric_lombrozo Well this is for work, so it’s somewhat important to know the operational requirements… 😬

via Twitter for Android in reply to eric_lombrozo

This week I learned you can start syncing an archival Ethereum node, travel completely around the world, and it still won’t be finished.

via Twitter Web Client

@inthepixels @ParityTech Sure, the data directory is a config option.

via Twitter Web Client in reply to inthepixels

If you try to sync a new @ParityTech 1.7.2 archive node with less than 500GB of disk space, you’re gonna have a bad time when it crashes.

via Twitter Web Client

Censoring myself super hard when customer support tickets come in complaining that it’s taking over an hour to get..twitter.com/i/web/status/9…ie

via Twitter for Android

SatoshiLite So disappointed to see Raiden (i.e. Lightning on Ethereum) go for a cash grab. A token is not needed. 🤑

5+ LN team..twitter.com/i/web/status/9…gh

via Twitter for Android (retweeted on 12:01 PM, Sep 22nd, 2017 via Twitter for Android)

@mhsutton It would need to be a technology that actually requires a crypto token/asset in order to provide unique functionality.

via Twitter for Android in reply to mhsutton

@EdwardKerstein Doesn’t seem to be an immediate threat. Over a long enough time frame, all crypto systems tend to need upgrading.

via Twitter for Android in reply to EdwardKerstein

Cyber security is a nightmare.
Crypto asset security is a 10X nightmare.
Smart contract security is a 100X nightmare.

via Twitter for Android

@twobitidiot @Twitter It lets everyone know you’re a verified idiot. 😂

via Twitter for Android in reply to twobitidiot

@francispouliot_ Only problem is that you can’t guarantee that everyone who sees first tweet will see the second.

via Twitter for Android in reply to francispouliot_

I have an investment thesis that crypto assets fueled by butthurt are incapable of sustaining competitive valuations twitter.com/eric_lombrozo/…

via Twitter for Android

@timoncc The latter - a lot of folks don’t know the difference 😦

via Twitter for Android in reply to timoncc

@bitentrepreneur @Lacksfish @MadBitcoins Good luck! I hope your engine doesn’t die in the middle of the canal ;-)

via Twitter Web Client in reply to bitentrepreneur

Great explanation of MERKLEBRANCHVERIFY & how it can enable Merklized Abstract Syntax Trees & other Bitcoin feature..twitter.com/i/web/status/9…8G

via Twitter Web Client

@mecampbellsoup @Lyth0s If you’re running a tor hidden service then you’re probably also running on clearnet. Diffe..twitter.com/i/web/status/9…i8

via Twitter Web Client in reply to mecampbellsoup

@ziggamon Surely BCH is far more profitable while it’s hyperinflating? ¯\_(ツ)_/¯

via Twitter Web Client in reply to ziggamon

@ziggamon Or maybe they’re afraid they’ll have to turn off soon, so they’re hyperinflating while they still can.

via Twitter Web Client in reply to ziggamon

Looks like another round of bcash hyperinflation incoming… fork.lol/pow/speed pic.twitter.com/0hUa4MRkLl

via Twitter Web Client

@mecampbellsoup @Lyth0s If you’re running a hidden service then you’ll be helping users whose nodes are on tor, thu..twitter.com/i/web/status/9…oF

via Twitter Web Client in reply to mecampbellsoup

@killerstorm @esthon As one of the contributors to Core 0.15, I can confirm that I am not employed by Blockstream. 🙃

via Twitter Web Client in reply to killerstorm

Bitcoin’s mempool clears out a lot faster now that Chinese exchanges aren’t making many transactions…

via Twitter Web Client

@Lyth0s To maximize your sovereignty within the system, you should validate your BTC holdings by backing them with a full node.

via Twitter Web Client in reply to Lyth0s

Those who would sacrifice self sovereignty to gain scalability shall ultimately have neither.

via Twitter Web Client

@twobitidiot At this rate they may be obsolete before they’re formed. Who needs a market when an assassin drone will suffice?

via Twitter Web Client in reply to twobitidiot

bradheath Thanks to a mixup, we now know the FBI authorized its informants to commit serious crimes 381 times last year..twitter.com/i/web/status/9…l8

via Twitter Web Client (retweeted on 7:01 PM, Sep 20th, 2017 via Twitter for Android)

Cryptogovernance is what happens to governance when you remove violence from the equation.

via Twitter Web Client

@myetherwallet @kyletorpey @Twitter In my personal experience you can get denied by @Twitter many times, but once y..twitter.com/i/web/status/9…s3

via Twitter Web Client in reply to myetherwallet

HODLing BTC is a constant test of your understanding.
Bad case: you fall prey to FUD & sell.
Worst case: you lose everything.

via Twitter Web Client

@matt_odell @CryptoKnight2 That would make sense from the ICO runner’s perspective, though color me surprised if ce..twitter.com/i/web/status/9…JO

via Twitter Web Client in reply to matt_odell

China may prove that the concerns about miner centralization were well-founded. Good luck, China: we’re watching… twitter.com/AriDavidPaul/s…

via Twitter Web Client

@CryptoKnight2 Indeed; I wonder if the celebs accept BTC 😬

via Twitter Web Client in reply to CryptoKnight2

@storming_j Yeah, plus there are so many questionable ICOs now that there’s little point trying to tear them down…twitter.com/i/web/status/9…pn

via Twitter Web Client in reply to storming_j

I’ve been offered as much as 1 BTC per tweet to promote questionable ICOs. Something to keep in mind when you see folks pumping such ICOs.

via Twitter for Android

Would you rather buy a Lambo this year or a Koenigsegg next year? twitter.com/_Kevin_Pham/st…

via Twitter for Android

Q: Who controls Bitcoin?
A: Anyone who cares enough to enforce the rules to which they agree.

via Twitter Web Client

@matshenricson Such has always been the case. Little point worrying about what others think; paradigm shifts are sc..twitter.com/i/web/status/9…DW

via Twitter for Android in reply to matshenricson

jimmysong I just published “Bitcoin and Virtue Part 1: Prudence” medium.com/p/bitcoin-and-…

via Medium (retweeted on 11:57 AM, Sep 19th, 2017 via Twitter for Android)

@matshenricson The opportunity to increase your BTC holdings by extracting value from those who support forks with which you disagree.

via Twitter for Android in reply to matshenricson

@matshenricson Yes, but you can’t stop people from doing reckless things in a permissionless system. You can expres..twitter.com/i/web/status/9…IY

via Twitter for Android in reply to matshenricson

If you think forks are an attack on Bitcoin then embrace the opportunity. Forks can’t be stopped; the grand experiment must continue.

via Twitter for Android

Traveling by air == routing your body through a network with unacceptably high latency, packet loss, & poorly configured firewalls.

via Twitter for Android

@NicolasDorier I’m staying at University of Tokyo; want to meet up the night of the 20th or 21st?

via Twitter Web Client in reply to NicolasDorier

.@Wayniloans withdraws from New York Agreement due to lack of replay protection, developer & user support. lists.linuxfoundation.org/pipermail/bitc…

via Twitter Web Client

注意、東京:私は今週町にいます。 会いましょう!

via Twitter Web Client

@joseandreschl @naval @__hunts I moved my Bitcoin educational resources to lopp.net/bitcoin.html & open sourced my whole site on @github 😀

via Twitter Web Client in reply to joseandreschl

Dear folks who support contentious Bitcoin forks: it’s not personal. 😬 pic.twitter.com/a1oEPj9Mu3

via Twitter Web Client

The harder nation states crack down, the more coins smart money will buy. pic.twitter.com/QDZvDk9jT8

via Twitter Web Client

@pig_poetry That’s easy - spend less than you earn. 😬

via Twitter for Android in reply to pig_poetry

If you’re here to get rich quickly, you’re following the wrong guy. If you want to learn how to regain the freedoms you deserve: welcome!

via Twitter for Android

@tedmrogers @jgarzik @giacomozucco @xapo What if there are two chains that flip flop back and forth? Better think through the edge cases…

via Twitter for Android in reply to tedmrogers

Some folks get upset when they feel that others aren’t playing fair, but it’s all in The Game. pic.twitter.com/GPJ8pz1aTy

via Twitter Web Client

lopp If you look around the blockchain space and can’t tell who’s getting scammed, it’s probably you.

via Twitter Web Client (retweeted on 5:40 PM, Sep 17th, 2017 via Twitter Web Client)

Trying to buy bitcoin hardware with a credit card… how appropriate. “Transaction denied by the banking network.” pic.twitter.com/K5qF5qDbMf

via Twitter Web Client

@sevcsik I’m not claiming the logic is sound, though perhaps you could make a case for unit bias mattering.

via Twitter Web Client in reply to sevcsik

@kerbleski It just means that some blocks are produced by unidentified entities; they could all be at one unidentified pool.

via Twitter Web Client in reply to kerbleski

@kerbleski Any given pool probably runs a handful of nodes; it’s not really possible to tell without pretty extensive network analysis.

via Twitter Web Client in reply to kerbleski

Bitcoin was designed to withstand both external and internal attacks. Resisting the whims of seemingly powerful entities shows its strength.

via Twitter Web Client

@Jim_Harper @joshmh @ErikVoorhees @Ragnarly @ShapeShift_io @bitcoincoreorg Hmmmm what about timelocked transactions? Or multisig hodlings? 🤔

via Twitter Web Client in reply to Jim_Harper

Bitcoin implementation nodes in perspective, via coin.dance/nodes pic.twitter.com/oEdIa9xPdu

via Twitter Web Client

@palm_w1 @merkle_tree This has nothing to do with legalities, just technical solutions to technical problems.

via Twitter for Android in reply to lopp

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