phyrooo @phyrooo

Minimalism maximalist. $BTC $GRIN secp256k1: b0b00009763375d6800c7bc477431cfaaf032a065d301b22dac492728ea3df29 World wide web Joined October 2009

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phyrooo @phyrooo

4 minutes ago

@the_ecash @robin_linus @bergealex4 It's impossible to inflate the BTC mainnet supply by exploiting Confidential Transactions on Liquid.

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@robin_linus @bergealex4 A bridge can track the number of coins that get sent over which prevents the inflation catastrophe leaking to the Bitcoin mainnet. It can only ever be a problem on the other side and never on the Bitcoin network itself.

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phyrooo @phyrooo

13 hours ago

3/ If I got anything wrong please correct me. And don't bash zcash too hard about it, these things are really hard to get right.

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phyrooo @phyrooo

13 hours ago

2/ IIRC the jump can control how many coins enter the new pool so you can prevent inflation leaking to the new pool. This also means that if the mainnet was exploited, some users could be unable to transition to the new shielded pool which could make exploitation detectable.

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phyrooo @phyrooo

13 hours ago

1/ Kudos for transparency. This is pretty much the worst possible bug for zcash, but it was found by a white hat (and hopefully nobody else before them). From my understanding, the mitigation to potential inflation will be a jump of coins from a vulnerable pool to a secure one.

zooko🛡🦓🦓🦓 ⓩ @zooko

15 hours ago

x.com/i/article/2062…

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phyrooo @phyrooo

a day ago

@satsammler @adam3us @Princey21M It would have become way less popular if you sent the whole file. Bittorrent works so good because you start downloading a single file from multiple people (peers) at once. Even BTTv1 sends you a sequence of sha1 hashes (BEP-3) to verify each chunk.

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phyrooo @phyrooo

3 days ago

This guy is based and grounded in reality. This is what happens when you maximize how courteously you treat murderers instead of maximizing how effectively you protect innocent lives.

Rupert Lowe MP @RupertLowe10

3 days ago

Enough is enough - a deep line needs to be drawn in the sand. Talk is weak. Britain needs to say no more, and mean it. A Restore Britain Government, with the British people's approval, would put Vickrum Digwa to death. Henry Nowak was stabbed by Digwa five times, including

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phyrooo @phyrooo

3 days ago

@Rob1Ham Even privacy coins have an audit of the supply. For instance Confidential Transactions check each transaction for inflation which the same kind of audit as Bitcoin does. The difference is in how easy/hard it is to find a faulty audit check and fix it.

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Mullvad.net @mullvadnet

4 days ago

The EU age verification app is presented as “completely anonymous”. But the risk is that member states (the countries are supposed to create their own versions of the open-source EU app) use it to introduce identity verification that makes it impossible to post anonymously on social media. The idea behind “completely anonymous” is to use Zero-Knowledge Proof (ZKP) cryptography to break the link between the age credential issuer (EU governments) and the regulated services/sites. Currently, the EU app does not have ZKP functionality, contrasting Ursula von der Leyen’s claim that the app ”is technically ready to be used”. But more importantly, the app is designed to always function without ZKP technology; if ZKP is unavailable, the app falls back to a non-ZKP model. Even if fully developed ZKP technology could be implemented in the future, it would remain an optional extra feature that countries may choose to disable and that the EU could remove at any time. This means that the EU could decide at any time that ZKP may no longer be used, and in one stroke the app would fall back to its default mode, meaning that every post on social media carries an ID tag. By that point, an infrastructure will already have been rolled out; people will have gotten used to it, and it will be harder to roll it back. More details on mullvad.net/blog/age-verif…

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phyrooo @phyrooo

7 days ago

@exitnode_ @ambimorph > Monero: Links -> untraceable Any link is a potential trace. Thus the only way something can be untraceable is when there are no links at all. That said, you can layer privacy on top the same way HTTPS does it. Instead of publishing/communicating X you publish ENC(X).

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phyrooo @phyrooo

a week ago

@CryptoCyberia @iam16bit It's probably a good idea to dissect the video title before going on a crusade.

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Igor Artamonov @splix

a week ago

In 2017 we had many talks about how Smart Contracts would be used. A common example was literal contracts on chain, like a car insurance smart contract that pays the other side. That obviously didn't make any sense, and I argued that smart contracts are not for people. My counter example was autonomous cars making agreements on a parking lot about which spot to take. I.e., agreements between machines. Not about money at all. It was before DeFi so we didn't see that path. And I still think that's the way. Maybe not autonomous cars, but other machines. The AI. This thing can write, read and perfectly understand all the tiny details of a smart contract. So if an AI needs to make an agreement with another AI - they could collaborate on the code, deploy and execute what works for them. And no one can stop them.

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phyrooo @phyrooo

a week ago

@splix Every now and then I remember the talk you gave on this topic. I thought you were right back then, but it's a lot more obvious today now with the "rise of the machines". Frictionless JIT global agreements almost require us to remove humans. We are too slow and love friction lol.

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phyrooo @phyrooo

2 weeks ago

@aBlock0 @giacomozucco @peterktodd No, you have many different privacy vectors. Even zcash leaks transactions (and their timing), they're just encrypted. And while this is interesting, it can't scale and thus the only solution that scales is to have transactions for which a node can't even tell they happened.

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phyrooo @phyrooo

2 weeks ago

@1HowardWu If our transactions blind the amounts with perfectly hiding commitments (Pedersen) then even a quantum computer would not be able to tell what value they hide. A QC could open the commitment to any value, but they wouldn't be able to tell what value was there originally.

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phyrooo @phyrooo

2 weeks ago

@lukechilds Very cool project!

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phyrooo @phyrooo

3 weeks ago

@GrassFedBitcoin > At least I have the courtesy to And then proceeds to use "andy" from Epstein files. Incredible courtesy indeed.

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phyrooo @phyrooo

3 weeks ago

@bergealex4 @robin_linus It's impossible to know if miners are running a soft fork that we never heard about e.g. one that censors satoshi's txs. That's because it's impossible to distinguish unseen from ignored when you have no view into what a node sees.

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phyrooo @phyrooo

3 weeks ago

@BitcoinDebates @Truthcoin tldr: If everyone transacts offchain then nobody transacts onchain. And if nobody transacts onchain, then you have nobody paying for security. Well, unless the L2 contributes back to L1 in some way (it should!). More people should research how to make L2 push fees to L1.

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phyrooo @phyrooo

4 weeks ago

@nice_investment @adam3us @knutsvanholm On the contrary, target difficulty is the speed at which the network accumulates security (the cost of history rewrites). You want it to be high or you'll have to adjust the confirmation times.