Matt Corallo @TheBlueMatt
10th known contributor to Bitcoin Core. Full-Time Open-Source Bitcoin+Lightning Projects @spiralbtc. Networking and musings @as397444. Mostly reposting @soona. bluematt.bitcoin.ninja NY/SF, usually Joined February 2011-
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It’s all fun and games and halving parties until Bitcoin has one too many highballs and walks face-first into a bandsaw.
Hear me rant about MEVil and the risks to Bitcoin live!
Hear me rant about MEVil and the risks to Bitcoin live!
Once upon a time there lived on a certain blockchain a little mining rig. The rig wore a bright red 3D printed exhaust fan shroud which suited her so well that everyone took to calling her Little Red Mining Hood. One day, frustrated at never mining any blocks herself, Little…
demand your pools behave more like @DEMAND_POOL ! ( or just switch to demand pool)
demand your pools behave more like @DEMAND_POOL ! ( or just switch to demand pool)
Global Accessibility Awareness Day is coming up in just over a month. On this day we'll get hands on by testing out wallets, filling github issues and supporting wallet builders. 📷 There's going to be a kick off session on that morning at 7am UTC on 16th May.
When pools are just acting as proxies for other pools without being upfront about it, bitcoiners need to take note. The time to demand StratumV2 is now!
When pools are just acting as proxies for other pools without being upfront about it, bitcoiners need to take note. The time to demand StratumV2 is now!
Looking at the merkle branches that mining pools send to miners as part of stratum jobs, it's clear that the BTCcom pool, Binance pool, Poolin, EMCD, Rawpool, and possibly Braiins* have exactly the same template and custom transaction prioritization as AntPool.
Looking at the merkle branches that mining pools send to miners as part of stratum jobs, it's clear that the BTCcom pool, Binance pool, Poolin, EMCD, Rawpool, and possibly Braiins* have exactly the same template and custom transaction prioritization as AntPool. https://t.co/xhCrdvkOH8
Don’t be complacent thinking that MEVil can wreck havoc on ethereum but bitcoin will be safe just because. MEVil in PoW is potentially much more deadly! Bitcoin has some safety (mostly bc the expressive apps are on L2s that can contain the MEVil), but we must stay vigilant.
Don’t be complacent thinking that MEVil can wreck havoc on ethereum but bitcoin will be safe just because. MEVil in PoW is potentially much more deadly! Bitcoin has some safety (mostly bc the expressive apps are on L2s that can contain the MEVil), but we must stay vigilant.
MEVil (or centralizing MEV) is one of the biggest threats to bitcoin’s value, but it’s poorly understood. I wrote about what it is (and isn’t) and how developers and bitcoiners must consider it carefully if we want bitcoin to survive. bluematt.bitcoin.ninja/2024/04/16/sto…
Want to learn why BOLT 12 is important for bitcoin payments? Why the timing is now to become the standard payment protocol used for the open bitcoin monetary network? Who is adopting it first and what the next steps are for everyone else?x.com/i/spaces/1mrgm…
I get emails like this every other day. If that many are asking, can you imagine how many quietly stop pursuing software as a career because of the silly hype around programming being automated away?
@DEMAND_POOL @JStefanop1 @FutureBit Yea, once Sv2 ships in Apollo I'm gonna buy a few as gifts and pre-configure them to DEMAND :)
@hodlonaut Roger Ver wanted a block size increase and that's exactly what Segwit did. It was supposed to be a compromise, but the big blockers didn't actually want bigger blocks, they wanted to take over Bitcoin and have their code be the new reference.
Jon Stewart checks in on the war in Gaza and examines how America's "values" stack up against its support of Israel
"Move the lightning node to the cloud", they said, "it solves all our problems", they said. Sadly...it does not (unless you want it to be custodial).
"Move the lightning node to the cloud", they said, "it solves all our problems", they said. Sadly...it does not (unless you want it to be custodial).
Reminder that if you have an LND node, you can spin up LNDK on top of it and help forward some onion messages 💜 github.com/lndk-org/lndk
Bitcoin’s mugs on bitcoin mugs. spiralswag.xyz/product/the-21…
Bitcoin’s mugs on bitcoin mugs. spiralswag.xyz/product/the-21… https://t.co/cfmlpkyB3Q
Tuur Demeester @TuurDemeester
269K Followers 3K Following Long time bitcoin analyst. Reports at https://t.co/wBC7naSYk9. Board @TXBitcoinFound, advisor to @Blockstream, @Unchainedcom, @AnchorWatch.Stephan Livera @stephanlivera
162K Followers 2K Following #Bitcoin Podcaster | Head of Education @Swanbitcoin | partner @bitcoinervc | Stack with Swan and get $10 free Bitcoin https://t.co/qqd4peGMn2Steve Barbour @SGBarbour
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60K Followers 1K Following I like #Bitcoin, FOSS, old hardware, world domination.William Casarin 🇨�.. @jb55
27K Followers 4K Following #bitcoin core,⚡️& #nostr dev. I made @damusapp, npubs and zaps. banned in china. nostr:[email protected]Mandrik @Mandrik
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52K Followers 239 Following Head of Lightning Liquidity at @lightning - CEO of https://t.co/wtkG0y5JoW https://t.co/bnlvrtX85pdr. calle @callebtc
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30K Followers 2K Following bring down the government, they don't speak for us Technical Editor @BitcoinMagazineCarman @benthecarman
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15K Followers 1K Following Co-founder @ministryofnodes | Bitcoin Node Guides @ https://t.co/VPcUpXe71Q | Nodes @ https://t.co/KUNzOhDj3Y | Personal blog @ https://t.co/HJ5hTs7HrG |Nicolas Dorier @NicolasDorier
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34 Followers 108 FollowingGila Sandhaus Jedwab @JedwabGila11939
4 Followers 76 FollowingBitcoin Kook @Bitcoin_kook
1K Followers 2K Following "The mind has trouble letting go of a reality it has known for so long." Translating good #bitcoin stuff into Spanish @ https://t.co/A6Rnv72RKc51R 81727 @SirBitzy
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38 Followers 129 Following Glad you found us! We grabbed your attention by liking one of your posts. Let us do the same for you!Pecunians @Ni_No_747
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176 Followers 418 Following Former CTO (exit) Escaping corporate, chasing freedom. Love VC, SWE, & Ice Cream. Documenting the journey. #BuildInPublicVitamin_A @Vitamin25251809
261 Followers 567 FollowingSimrit Dhinsa @SimritDhinsa
319 Followers 722 Following Bitcoin Mining at @galaxyhq | Carnegie Mellon University 2020. Disclaimer: https://t.co/lv1LRMiEmRAISHA MOHAMED @AISHA_MOHAMED9
26 Followers 35 Following د ديوي له رڼا څخه ګټه واخلی دبته مه ګوری چی دیوه د چا په لاس کی ده حضرت بي بي عايشه رضي الله عنها)时间 @shjin69798
11 Followers 47 Followingbinance币安注册�.. @binancefljhh4
6 Followers 13 Following 用这个链接在币安注册,永久减免20%的交易手续费。即使你已经是币安的用户,更新你的邀请码仍可获得折扣(此链接永久有效):https://t.co/kRMF7afoPw币安返佣注册(.. @binancefljhh3
6 Followers 11 Following 用这个链接在币安注册,永久减免20%的交易手续费。即使你已经是币安的用户,更新你的邀请码仍可获得折扣(此链接永久有效):https://t.co/uvcIBYeumuMaxim Orlovsky @dr_orlovsky
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268 Followers 313 FollowingBenjamin B @B_Blackwo
310 Followers 695 Following Software Developer. Snowboarder. Christian. #bitcoin God is my citadel (Psalm 91:2)qq @qq82066
61 Followers 170 Following The world ' s leading economic platform for Web3 short video creatorsBalaji @balajic86
65 Followers 593 FollowingChief @CryptoChief55
80 Followers 467 Following inj, link, rio, Dione, Spacesuit up crypto rally is finally here!!Voltinu @voltinu001
121 Followers 773 FollowingJack 13%er⚡ @Bitcoin0706
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18 Followers 133 FollowingEZ @ER33ZY
216 Followers 157 FollowingAnnmarie Lacy Fewer @LacyFewerDublin
46 Followers 48 Following Passionate about helping people to build better futures - one mind at a timeVijaykant Ray @VijaykantR46597
41 Followers 492 FollowingMatt Allen @MrBeto_16
107 Followers 545 Following Mining analyst @ Fidelity | Previously mining @galaxyhq | Who is John Galt? | Climbing, F1, and #BTC enthusiastConan H. Nesbit G. @kaiser_nesbit
276 Followers 2K Following Profesional de la Ingenieria Civil. Fanatico del XBOX LIVE a.k.a kAiSeR NeSbIt. Zombie lover!!Avandrim @Avandrim
127 Followers 33 FollowingBad Ass @AssyMcBadderton
19 Followers 19 FollowingTuur Demeester @TuurDemeester
269K Followers 3K Following Long time bitcoin analyst. Reports at https://t.co/wBC7naSYk9. Board @TXBitcoinFound, advisor to @Blockstream, @Unchainedcom, @AnchorWatch.Alexander Leishman �.. @Leishman
32K Followers 2K Following CEO & CTO @River. #Bitcoin. Keeping the fire of human liberty shining bright 🔥Alex Bosworth @alexbosworth
52K Followers 239 Following Head of Lightning Liquidity at @lightning - CEO of https://t.co/wtkG0y5JoW https://t.co/bnlvrtX85pMike Brock @brockm
28K Followers 2K Following I like philosophy. Shameless apologist for liberal democracy. Lead TBD@Block.Murch @murchandamus
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97K Followers 310 Following Find me on Mastodon: @[email protected] Cryptography and #bitcoin stuff at @ChaincodeLabs. Formerly @Blockstream, @Google, @DTAI_KULeuven.EXCLUSIVE niftynei CO.. @niftynei
16K Followers 3K Following b/acc affiliate. more cringe than based. bitcoin, nix, next-gen dev ed @base58btc 👩🏫 ✍️ writes @basicbitchsoftw ⚡️ runs @core_LN 🧡 sells @liquidityadsJonas Schnelli @_jonasschnelli_
49K Followers 186 Following Former Bitcoin Developer and Maintainer (2013 - 2021)Olaoluwa Osuntokun @roasbeef
40K Followers 777 Following Half-man, half-beef. UCSB Computer Science MS+BS. CTO at @lightning labs. Bitcoin · Applied Cryptography · Distributed Systems · #golangSpiral @spiralbtc
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21K Followers 193 Following Breez is the interface of the Lightning economy ⚡ #Bitcoin only. Verified profile. Beware of scammers. https://t.co/q9qzXq3Mqc₿ Steve Lee @moneyball
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3K Followers 1K Following Research @BitwiseInvest | Innovation Optimist | Sociopolitical Realist | Creative Proponent | Equity AdvocateCarla Kirk-Cohen @actuallyCarlaKC
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12K Followers 0 Following The Cryptocurrency Open Patent Alliance (COPA) is a non-profit community that seeks to remove patents and litigation as a barrier to growth in crypto.Austin Hill @austinhill
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3K Followers 94 Following Mathematician. Bitcoin commentor. I drive a 2009 manual transmission Subaru Forester. 5'11".Human Rights in Finan.. @HRiFEU
504 Followers 216 Following Safeguarding the upfront protection of Human Rights (as in UNDHR and EU Treaty) in Financial and other Regulations in Europe.Phil Pfeffer @philpfef
118 Followers 257 FollowingEvan Winget ⚡ @evanwinget
390 Followers 452 Following nostr: npub1ts7qgvxhfkcg4vhk7ufvmtcd58l0d55ufp55ahuwpfc2rrkkgr0q5pgd0fDEMAND @DEMAND_POOL
971 Followers 223 Following #StratumV2 Bitcoin Mining Pool - Build your own block templates + transactions. Node proliferation via mining.Caralie @Caralie_C
1K Followers 721 Following Program Director @_wolfNYC/ previously @superlunarhq & @chaincodelabs. used to manage actors now attempt to manage bitcoiners 😉Lexe @lexeapp
157 Followers 17 Following Lexe is a self-custodial Bitcoin and Lightning wallet that can send and receive payments 24/7. Coming soon - check out https://t.co/J05qeaIIGy for more info! ⚡️mononaut (tx/acc) @mononautical
15K Followers 962 Following developer, spacefaring primate, international treasure hunter. building for Bitcoin at @BitfeedLive and @mempool Find me on Nostr at [email protected]nothingmuch @not_nothingmuch
2K Followers 5K Following incapable of producing grammatical tweets. he/him/they. worrying about privacy @spiralbtc. new people followed in private list due to twitter's arbitrary limErik Voorhees @ErikVoorhees
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12K Followers 1K Following prefigurative politics means building privacy, not just critiquing surveillance // building @penumbrazone // https://t.co/MWVpH6ZbWU // (he/him)Norbert ⚡️ @bitnorbert
8K Followers 345 Following I like Bitcoin. I type fast to fight Faketoshi. Live-posted Hodlonaut v Wright and COPA v Wright.10101 @get10101
3K Followers 245 Following #Bitcoin wallet & #trading App 📈 powered by DLCs ⛓️ 😌 100% self-custodial - ❌ Accountless - ❌ No counterparty risk - PUBLIC BETA - iOS & ANDROIDDulce Villarreal ⚡ @Dulce_vird
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22K Followers 164 Following GrowSF puts forward non controversial ideas that everyone can get behind.Drew Hinkes @propelforward
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3K Followers 131 Following The sea gets deeper as you go further into it ⚡️ CTO at Acinq 72BD 8AD9 F656 1619 37FA 8A5D 34F3 77B0 100E D6BBFutureBit @FutureBit
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710 Followers 856 FollowingNick Slaney @nick_slaney
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20K Followers 587 Following #Bitcoin @fedibtc @fedimint 🔅 @btrustteam @GridlessCompute #FreedomAbubakar Nur Khalil @ihate1999
16K Followers 2K Following 🦝 🇳🇬 ₿itcoin Core contributor | @rcrsvcapital | @btrustteam | @btrust_builders #nostr: npub1sn0q3zptdcm8qh8ktyhwtrnr9htwpykav8qnryhusr9mcr9ustxqe4tr2xJim Posen @jimpo_potamus
2K Followers 401 Following Fast walker, slow talker. Accelerating zk-SNARKs @UlvetannaHQ.He calls himself The “Blue” Matt and has a profile icon of himself with blue hair yet he hasn’t had blue hair in ages, if ever. What he has to say here is unreliable at best.
Hear me rant about MEVil and the risks to Bitcoin live!
It’s all fun and games and halving parties until Bitcoin has one too many highballs and walks face-first into a bandsaw.
Great Consensus Clean up, MEVil and LN isn’t dead - @moneyball and @TheBlueMatt SLP565 Steve Lee and Matt Corallo of @spiralbtc rejoin me on the show to talk about a range of topics. Firstly, we discuss the Great Consensus Clean Up relating to fixing some bugs in Bitcoin.…
*This is a work of fiction. Any resemblance to actual persons, corporations, situations or events is entirely coincidental.
Once upon a time there lived on a certain blockchain a little mining rig. The rig wore a bright red 3D printed exhaust fan shroud which suited her so well that everyone took to calling her Little Red Mining Hood. One day, frustrated at never mining any blocks herself, Little…
@Bart_Mol @TheBlueMatt The opportunity cost for something that happens every 4 years is not worth worrying about. But if happens every block, it is. You can't expect everyone with an ASIC to be an active sats trader. So either you outsource or you forgo revenue, both cause centralization pressure.
@Bart_Mol @TheBlueMatt It's the same reason why Drivechains are problematic. Small pools, let alone individual miners doing their own block template selection, can't run all that software - so they make slightly less money than people who do. Which gives them incentive to outsource template generation.
@Bart_Mol @TheBlueMatt I think it depends on whether miners can make money by messing with orders in the mempool. It's not clear to me if they can with a Dutch auction. But if so, that requires skill and compute resources. Even a tiny advantage can make large pools more profitable -> centralization.
@david_seroy @dannydiekroeger As far as I understood his point it was simply that we should socially avoid building Based Sequencers.
@TheBlueMatt ”Based sovereign rollups” are what you’re looking for in your post: - Sovereign: introduces endless expressivity since the state transition/block validity function is external - Based: gives Bitcoin miners granular ordering control over the above execution environment
@TheBlueMatt The concept of a sovereign rollup (a rollup which has an external state transition function) is distinct from the notion of based rollups (rollups which are built and ordered by the L1 block producers)
DEMAND pool will NEVER, and we mean never, be a proxy pool. #StratumV2
Looking at the merkle branches that mining pools send to miners as part of stratum jobs, it's clear that the BTCcom pool, Binance pool, Poolin, EMCD, Rawpool, and possibly Braiins* have exactly the same template and custom transaction prioritization as AntPool.
@TheBlueMatt @Truthcoin Yep, making the definition that broad makes the MEV definition almost as useless at the sidechain defintion ic.unicamp.br/~stolfi/EXPORT…
demand your pools behave more like @DEMAND_POOL ! ( or just switch to demand pool)
@BitcoinMotorist @stephanlivera @DEMAND_POOL is currently the only pool that allows you to select your own block template. I believe Ocean intends to support a proprietary protocol to accomplish the same eventually, however.
Global Accessibility Awareness Day is coming up in just over a month. On this day we'll get hands on by testing out wallets, filling github issues and supporting wallet builders. 📷 There's going to be a kick off session on that morning at 7am UTC on 16th May.
@TheBlueMatt @stephanlivera @DEMAND_POOL Anything but FPPS
@TheBlueMatt (And if proposing is very easy, then miners can just do it themselves and you don't get a proposer/builder split at all)
Looking at the merkle branches that mining pools send to miners as part of stratum jobs, it's clear that the BTCcom pool, Binance pool, Poolin, EMCD, Rawpool, and possibly Braiins* have exactly the same template and custom transaction prioritization as AntPool.
A single custodian now controls the coinbase addresses of at least 9 pools, representing 47% of total hashrate. As demonstrated by this consolidation of mining reward outputs from AntPool, F2Pool, Binance Pool, Braiins, btccom, SECPOOL and Poolin: mempool.space/tx/b1dc9e09a97…
@ajtowns @TheBlueMatt > I don't really understand why you're arguing sir this is the internet
Important post anyone who cares about bitcoin's long-term viability should read.
MEVil (or centralizing MEV) is one of the biggest threats to bitcoin’s value, but it’s poorly understood. I wrote about what it is (and isn’t) and how developers and bitcoiners must consider it carefully if we want bitcoin to survive. bluematt.bitcoin.ninja/2024/04/16/sto…