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

October 9th, 2016

@kristovatlas Naw bruh, most important platform is Bloomberg Terminal. Just has to settle before 4PM EST.

via Twitter for Android in reply to kristovatlas

ryanxcharles “The economic system is … that the rich and the powerful exited long ago from the messy business of paying tax.” nybooks.com/articles/2016/…

via Twitter Web Client (retweeted on 2:04 PM, Oct 9th, 2016 via Twitter for Android)

@ryanxcharles @YoursNetwork Upper limit, I think due to 32 bit length - 4M satoshis IIRC

via Twitter for Android in reply to ryanxcharles

Experienced Bitcoin protocol devs are called “wizards.” Perhaps “explorers” is better - they’re still discovering implications of this tech.

via Twitter for Android

“Most UTXOs can be traced back to a coinbase in < 2,000 steps. ~30MB transaction history proofs possible.” - @petertoddbtc

via Twitter Web Client

“Jute’s blockchain braiding achieves 6sec block times with 50KB blocks, no orphans, prevents selfish mining.” - @DavidVorick

via Twitter Web Client

“Sweet spot for “fast” Bitcoin difficulty adjustment window appears to be between 30 and 50 blocks.” -@MarkFriedenbach

via Twitter Web Client

“If Bitcoin had 90% hashrate crash after a difficulty change, throughput would be 0.3 TPS for 4.5 months.” -@MarkFriedenbach

via Twitter Web Client

@cmwoodward @jgarzik Would be nice, but not possible to securely pay full nodes because there’s no way to prove you are a real full node.

via Twitter Web Client in reply to cmwoodward

“Byzcoin combines Practical Byzantine Fault Tolerance w/Bitcoin-NG to achieve ~1000 tx/S & irreversibility in 90S.” -@LefKok

via Twitter Web Client

@cmwoodward @jgarzik A thoughtful UTXO selection algorithm should send any leftover “dust” value to miners via fees.

via Twitter Web Client in reply to cmwoodward

Lightning Network will set fairly low limits of ~$25 per HLTC, maybe channel limits as well to limit magnitude of failures.

via Twitter Web Client

“Bitcoin Covenants have been implemented on the Elements Alpha sidechain as of a few days ago.” - @el33th4xor

via Twitter Web Client

“Covenants restrict spending from vaults w/new opcode. Can keep colored coins discrete, enable fraud proofs.” - @el33th4xor

via Twitter Web Client

“Bitcoin vaults enable you to recover coins even if attacker obtains unvaulting key. Worst case: burn coins.” - @el33th4xor

via Twitter Web Client

“We can’t fix insecure underlying computing infrastructure people use to store coins. We can fix the protocol.” -@el33th4xor

via Twitter Web Client

“A higher block reward makes a blockchain more resilient against double spending.” - @HatforceSec

via Twitter Web Client

“Our simulations show 37 Ethereum blocks == security of 6 Bitcoin blocks if an adversary has 30% hashrate.” - @HatforceSec

via Twitter Web Client

“Different use cases need different coin selection algorithms. Merchants have different needs from consumers.” -Mark Erhardt

via Twitter Web Client

“Average UTXO value in 2014 was 0.97BTC, in 2016 it’s 0.38BTC. This is one reason the UTXO set is growing.” - Mark Erhardt

via Twitter Web Client

“BIP151 will enable end users to securely connect their SPV wallets to their trusted full node at home.” - @_jonasschnelli_

via Twitter Web Client

“Private key storage + auto-updates + app sandboxing = questionable trust model for mobile apps.” - @_jonasschnelli_

via Twitter Web Client

“Aggregated Schnorr signatures create a financial incentivization to perform CoinJoin transactions.” - @pwuille

via Twitter Web Client

“Schnorr sigs enable a group of people to create a sig that’s valid for the sum of their keys. Compact multisig.” - @pwuille

via Twitter Web Client

“Schnorr signatures are provably secure & non-malleable, batch validatable, and support native k-of-k multisig.” - @pwuille

via Twitter Web Client

Segregated Witness pull request is comprised of:
1,486 lines of code
3,338 lines of test code

via Twitter Web Client

“Segregated Witness is one of largest changes to Bitcoin. It affects serialization, p2p network, wallet, & consensus code.” -Gregory Sanders

via Twitter Web Client