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@patrick1
18,401 sats stacked
stacking since: #151553longest cowboy streak: 2
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0 sats \ 1 reply \ @patrick1 11 Sep \ parent \ on: Release 0.3.0-alpha.7 · RGB Lib bitdevs
I've seen it, I'm not convinced that there is any significant activity.
It doesn't even look like bitmask, which IIRC was the most popular/user friendly wallet for RGB, is actively maintained: https://github.com/diba-io/bitmask-core/
0 sats \ 3 replies \ @patrick1 11 Sep \ on: Release 0.3.0-alpha.7 · RGB Lib bitdevs
Cool, but does anyone actually use RGB?
93 sats \ 1 reply \ @patrick1 15 Aug \ parent \ on: SILENT PAYMENTS ARE COMING TO BETTER PROTECT BITCOIN USERS bitcoin
I assume he's talking about the client-side ZKPs that can be used to sync/verify a node very quickly, not something at the protocol level.
77 sats \ 3 replies \ @patrick1 15 Aug \ parent \ on: SILENT PAYMENTS ARE COMING TO BETTER PROTECT BITCOIN USERS bitcoin
I think he's wondering if ZKPs could be used to speed up the scanning process, not for sending/receiving.
16 sats \ 0 replies \ @patrick1 7 Mar \ on: U.S. Homeownership Rates by State 2023 charts_and_numbers
Alabama and Mississippi are reversed on the US map there.
bitwise moves to native segwitmempool.space/address/1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM
457 sats \ 1 comment \ @patrick1 14 Feb bitcoin
11 sats \ 0 replies \ @patrick1 6 Feb \ parent \ on: Introducing Citrea: Bitcoin’s First ZK Rollup bitcoin
Looks like it's got a bridge for BTC, so I assume they will.
42 sats \ 1 reply \ @patrick1 14 Jan \ parent \ on: "Lightning Network 📊 How often do you use Lightning for transactions? lightning
I don't think it should, you're just making an update to @k00b's database
0 sats \ 1 reply \ @patrick1 10 Jan \ parent \ on: Bitcoin Spot ETFs will not be convertible to Bitcoin for fiat currency only. bitcoin
If you buy a share of coinbase you're exposed to coinbase's business rather than just bitcoin.
10 sats \ 2 replies \ @patrick1 31 Dec 2023 \ on: [outdated] Not your keys not your coins bitcoin
Until we have validity rollups I think we'll see an increasing number of new users choosing to keep their coins in custodial services (and not even good ones, probably just Coinbase, etc).
0 sats \ 1 reply \ @patrick1 30 Dec 2023 \ parent \ on: Bitcoin fees, a worrying trend bitcoin
All of this requires liquidity management and thus on-chain fees.
110 sats \ 0 replies \ @patrick1 30 Dec 2023 \ on: Bitcoin fees, a worrying trend bitcoin
We need a proper L2 that:
a) a user can onboard to directly without needing to manage liquidity. b) a user can confidently hold their bitcoin on long term, with the keys in cold storage.
Lightning is not that and never will be. The lightning experiment ran it's course, we all know its strengths and weaknesses at this point. It's time to experiment with something else (Ark, validity rollups, etc).
0 sats \ 3 replies \ @patrick1 30 Dec 2023 \ parent \ on: Bitcoin fees, a worrying trend bitcoin
No, that would not be reasonable. How would that work in a bitcoin circular economy? I just collect my wages for twelve months before deciding to spend them via lightning?
0 sats \ 0 replies \ @patrick1 23 Dec 2023 \ parent \ on: What is BitVM? And why does it matter to rollups? bitcoin
Rollups are what they sound like, a way to "roll up" transactions and post them as one transaction to the main chain. They get us lower fees in a more trustless and less complex way than lightning (no need for liquidity or channel management).
0 sats \ 2 replies \ @patrick1 20 Dec 2023 \ parent \ on: Opinion on Covenants? bitcoin
Why hasn't anyone added such encumbrances on Ethereum? I don't think this is actually a big threat.