theonevortex
Vortex | CTV | LNHANCE

I used to work for the corporations. Now I work for Bitcoin. Bitcoin Is. And that is enough. maintainer https://bitcoindev.org

Public Key

npub1q5un2zq6d93ygesrg3rwmgehfkg9v5kah7pp0jy8pqvzdparxpnqkk6dh3

NIP-05 Address

vortex@theonevortex.com

NIP-57 Address

LNURL1DP68GURN8GHJ7EM9W3SKCCNE9E3K7MF0D3H82UNVWQHHVMMJW3JHS08YGNT

Profile Code

nprofile1qqsq2wf4pqdxjcjyvcp5g3hd5vm5myzk2twmlqshezrssxpxs73nqes0tlpqz

Author Public Key

npub1q5un2zq6d93ygesrg3rwmgehfkg9v5kah7pp0jy8pqvzdparxpnqkk6dh3

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Last Notes

2024-11-11 20:24:26

Guys relax, stop talking about hyperbitcoinization until we at the very least start flipping gold.

2024-10-29 16:06:25

Still hilarious
https://primal.net/e/note1lrcm7p20p7sewj3mcg62m65yjkqxeehjwpwserhuckthfl7n8dhsh03prm

2024-10-12 16:01:39

Remember that MSTR is just a levered play and sure I guess put it in your 401k if you have one but know that 99% of MSTR value is simply in how much bitcoin they plan to acquire now and into the future.
So moral of the story is just keep acquiring the underlying asset (bitcoin) yourself instead of buying MSTR.

2024-10-06 13:39:38

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Indeed, the race is on. I think we'll make it easily as paper BTC only accounts for a small percent (~5%) currently while already reaching a 1T market cap, but only time will tell.

2024-10-06 13:27:50

"It’s now a race for BTC to gain market cap (bigger than fiat M2) vs paper growth so fiat collateralised paper cannot generate sufficient size to matter [like it does with Gold]." - @npub1hqz…hxz2

2024-09-16 13:30:13

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Apologies I can't find time to reply to lazy douchebags who'd rather save face with insults and emojis than do any actual research.
You've been wrong about several points in this discussion and when you're wrong you brush over them and move on to the next goal post.
I've already told you that CTV doesn't cause MEV, out of band payments are no diff than LN payments, and even Peter Todd says "It’s fair to say that CTV has the broadest support among the technical community of any covenant opcode proposal because of its relative simplicity and wide range of use-cases."
Best of luck with more podcast "research" of yours.

2024-09-15 13:45:52

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I told you the answer, you simply don't believe me. You've got alot more research to do. Best of luck.

2024-09-11 01:14:42

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> You just completely pretended you didn’t see them!
How could I pretend I didn't see the podcast quotes when I literally made fun of you for using them as some kind of engineering fact?
> DIRECT quotes from notable developers
False, Samspon Mow is not a developer.
>It’s WHY they’re paying them.
Miners are getting paid for the same reason with or without CTV.
>Why does he say that private out of band payments to miners create centralization risk?
Because he hasn't thought it all the way through yet, clearly.
>Covenants and arbitrary code execution in systems like Liquid, etc are OFF chain, with CAT and CTV, the logic is ON chain
CTV can absolutely create covenants with off-chain logic and payments via virtual UTXOs, study ark
It's clear you want to just listen to podcasters instead of actually learn the fundamentals of what's happening in the code.
Best of luck.

2024-09-10 20:11:49

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Literally no one asked you to dox yourself, you said you were a developer so I said show me some stuff you developed and then you said no that will dox me, completely disingenuous but you haven't been very honest thus far anyway.
Yes the term L2 is used as shorthand to describe Liquid but it is in fact NOT an L2, it is a sidechain. To be a direct L2 on top of bitcoin you have to be able to have unilateral exit to the base bitcoin chain, an example being an HLTC.
Out of band payments are essentially no different then payments in LN channels which themselves are just unpublished bitcoin transactions and thus present little to no risk. It's a feature not a problem and can reduce congestion and lower on-chain transaction costs. Everything can always unroll to the chain if necessary so there should be no lost transparency or trustlessnes.
Plus CTV can do so so much more than just increase efficiency and create better vaults.
Have you even read/studied the CTV use-cases on utxos.org/uses ?
You still seem to be grossly misinformed as your primary source of information seems to come from podcasts instead of any actual research and development.
I'd say I look forward to your reply but it will probably just parrot more podcast quotes.

2024-09-10 00:09:47

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I can't seem to find anything you've developed. Where's a link? Because you still seem grossly misinformed.
I repeat Liquid is not an L2 because it doesn't natively settle to bitcoin and is a federated network and therefore has completely different security guarantees than bitcoin. Lightning is the only L2 that directly settles to bitcoin due to creating a HLTC on the base chain.
You are completely wrong about covenants, as I mentioned they will help to decentralize mining pools, do more research.
> We don’t need the ability to open a million lightning channels right now.
Yes but we will in the future, many millions in fact.
> Why we don’t need op_cat, op_ctv or anything else so that we can open many lightning channels at once.
The only way to do this is with channel factories which is only possible with CTV.

2024-09-08 01:10:31

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Spoken like a true non-developer who has done zero research.
No covenants to not promote mining centralization, in fact it's the opposite. Covenants could limit how miners spend their rewards, distributing them across multiple addresses or regions, preventing concentration of mining power and encouraging more decentralized mining pools
Liquid is not an L2, it is a sidechain. Lightning is an L2 and is only possible thanks to covenant like op codes such as CLTV + CSV which essentially allows a covenant between 2 parties allowing for a lightning channel to be created.
Plus covenants could help scale lighting even further with channel factories.
If you're going to comment about this stuff at least do some honest research first.

2024-08-27 13:21:15

In theory if something like nostr were to reach scale it could de-fund corrupt social media companies and strip them of their power they use to cancel otherwise law-abiding citizens.

2024-08-25 13:44:55

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Numbers aren't important, the only thing that matters is time because that's all bitcoin ever needed.

2024-08-25 13:17:10

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You are communicating fine but misunderstanding how human incentives work and how they align under our current financial system vs a global bitcoin standard.
It's hard to imagine a new system from within the current system.

2024-08-25 13:08:05

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*Humans don't do things at scale because they care. Every action is taken out of self preservation for themselves or someone close to them.

2024-08-25 13:05:22

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It's not about caring.
Humans don't do things at scale because they care. Every action is taken out of self preservation for themselves or someone they care about.
Bitcoin simply takes the need and profitability for violence out of the equation of self preservation.
This of course will play out over decades and centuries so we will not likely see the end of war in our lifetime. But with bitcoin it is now an eventual possibility.

2024-08-25 12:59:33

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Irrelevant. Read the OP again.

2024-08-25 12:56:41

Bitcoin has the potential to remove violence from the pursuit of self preservation.
When everyone has access to and is building on top of a bitcoin standard incentives will change on a global scale.
Fix the money, fix the world.

2024-08-21 14:01:21

It seems we can't obtain rough consensus on what rough consensus means.

2024-08-16 13:54:56

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Cypherpunks write code, losers talk shit on social media.

2024-08-12 13:49:27

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As far as recommendations go, because knowledge is on a scale and no one individual truly understands bitcoin fully you have to follow many individuals to get as close as you can to a general understanding of bitcoin. I have a list called Bitcoin on X that you can checkout by visiting my theonevortex profile and clicking on lists.

2024-08-12 13:46:51

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Similar to scaling knowledge of bitcoin can be measured on a scale so there's only varying degrees instead of a binary outcome, and Saylor is simply farther along the scale of understanding but that clearly doesn't mean he fully understands bitcoin, especially with his continuous promotion of fiat and centralized custodians.

2024-08-09 16:14:26

My favorite 3 companies/projects in bitcoin:
-BTCPayServer
-Strike
-BullBitcoin

2024-08-05 14:46:07

The biggest market draw-downs in US history range from 50-80%. While these did result in near insurmountable pain to those traders and their families, with no disrespect to them, these type of draw-downs are nothing for bitcoiners because we understand the end game. Nothing stops the endless printing of fiat and there's only one asset with a mathematically provably limited supply.

2024-07-14 13:11:14

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Then you clearly don't understand the peaceful revolution that bitcoin was intended to be.

2024-07-14 12:50:49

Remember that a change in president is only a change within the existing system and therefore useless for changing the system itself in any meaningful way that will bring peace and prosperity.
What actually needs to change is the monetary policy.
Study #bitcoin.

2024-07-12 16:46:56

I'm extremely grateful for bitcoin developers and will continue to be grateful for the rest of my life.

2024-07-03 23:03:40

No there will be no Hodl fee. We don't need socialism for miners in bitcoin. Sorry if you can't figure out how to run a profitable mining company but that's not the Hodler's responsibility.

2024-06-14 13:29:35

Saylor wants you to keep loving Fiat.

2024-05-27 02:35:40

Saylor's message is not "bitcoin should not change" or "bitcoin should go slow and steady".
No.
It's "bitcoin should not incorporate any new changes from these central planners called bitcoin core who don't understand the implications of their actions".
And that is dangerously close to Ver's messaging that caused a civil war.

2024-05-26 14:02:25

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Agree on the counterpoints, his counterpoints literally argue that we need to continue to upgrade bitcoin. If software is not updated it dies.

2024-05-26 00:11:52

Saylor finally comments about development on the new WBD podcast and it isn't great. Props to Peter for the constant pushback because Saylor fumbled hard.
I really got sick of him conflating open source development with government, and I really really got sick of the hyperbole of adding numbers to our numerical system and finally I really really really got sick of him constantly insinuating bitcoin developers don't know what they're doing.
This guy is bad news for bitcoin development.

2024-05-12 14:07:44

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>It only requires hash rate majority
This is incorrect as the UASF has proven.
>It can't be stopped by economic majority without hardfork
This is incorrect as well, to stop it the economic majority would simply not run the SF.

2024-05-12 13:06:35

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LOL, majority of hashrate? Which miners have confirmed support for CAT?

2024-05-12 05:19:28

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Anyone is free to create forks of bitcoin at any time. Miners and companies learned what happens if you go against nodes in 2017.

2024-05-12 03:44:52

Udi and friends can posture on twitter all they want.
Soft forks require economic majority of nodes to run.
If we do get CAT at all it will likely be in the GSR but severely neutered.
And that's if we can even get the GSR through which would be years from now.

2024-05-01 04:09:49

I prefer not to wish ill on anyone but Roger did many bad things, hurt people and played dirty, he was eventually going to go down one way or another.

2024-04-24 13:25:13

https://m.primal.net/HzSU.png

2024-04-09 20:57:09

The "Bitcoin Layer2" scams are out in full force today.

2024-04-04 04:00:37

Absolutely bonkers for HRF to focus on CISA.
It's such a huge change all for a different address format or in other words a very large amount of work for very little benefit.
Strange thing to focus on given there's so many more important things we need first.

2024-04-01 13:45:19

Checkout my latest discussion about the blocksize wars and CTV Peter on What Bitcoin Did here:
https://youtu.be/K5VCGtxdc2w

2024-03-28 19:24:24

I don't know who needs to hear this but rollups are not a valid scaling solution for bitcoin.

2024-03-21 05:02:27

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There are regulated exchanges and markets for bitcoin all around the world and the volume is certainly not a "minority", the decentralized exchange volume like Bisq and the like in comparison is minuscule.
Regulated markets have the most volume for a reason.
Also literally no one said bitcoin itself cared about law.

2024-03-21 02:35:06

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You are confusing markets with assets.
Trading bitcoin is mostly done in regulated markets on regulated exchanges.
Trading anything on an unregulated exchange in an unregulated market is suicide, this is common sense.

2024-03-20 20:08:26

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Try trading in unregulated markets and find out.

2024-03-20 19:35:15

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https://www.coindesk.com/business/2024/03/20/ethereum-foundation-under-investigation-by-state-authority/

2024-03-20 19:34:50

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Wrong.

2024-03-20 16:41:35

ETHEREUM IS AND ALWAYS WAS AN UNLICENSED UNREGISTERED SECURITY.
Welcome to law.

2024-02-28 15:40:27

Today I'm thankful for all the hardworking people in bitcoin. There's so many of you that will forever go unseen, unheard and are 100% completely fine with that. I salute you.

2024-02-21 14:57:02

Good lord people I can't believe I have to spell this out.
In order to scale on L2 and above there first needs to be changes made on L1.
L2 cannot exist without L1, you cannot magically scale L2 forever without making serious changes to L1.

2024-02-19 14:38:00

It's always a pleasure to ratio scammers and FUDsters like Udi.

2024-02-14 14:39:01

Been getting major Roger Ver vibes from all the #fixthefilter people. Just learn how to program people, life would be so much easier.

2024-02-12 16:10:33

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Bro you seem mad now, looks like monero just dipped again against BTC, ouch.

2024-02-10 14:35:53

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Bruh why would I be mad? My currency is not losing 95% of its value to bitcoin...

2024-02-08 15:44:59

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Trade offs like don't put your money into a sinking ship? Yah I tried to tell you that.

2024-02-08 15:37:43

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Look at the OP of this thread, you're the one that decided to reply to it, my guess is being upset about your bags losing value.

2024-02-08 15:29:53

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WTF are you talking about? Literally every single wallet lets me generate unlimited address from a single address. Even coinbase does this...

2024-02-08 15:29:17

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You keep telling yourself whatever makes you feel better about being poor and monero losing 95% of its value against BTC. Best of luck.

2024-02-08 14:59:19

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Lol this is basic stuff, bottom line is if you're not careful using bitcoin then you're probably not going to be careful using monero. In either situation there are levels to security and knowledge is key.

2024-02-08 14:57:27

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Hence never re-using addresses, this is like basic knowledge every bitcoiner knows and gets told from day one, are you new here?.
Also if you're going in and out of monero to btc it gets pretty easy to trace you if you're not careful.

2024-02-07 19:25:52

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Maybe you should re-read your own message.
The first part is exactly why the 2nd part doesn't work. Even if it's weekly or monthly that's plenty of enough data to De-Anonymization your monero purchases.

2024-02-07 15:36:15

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Yah bitcoin has txs public but no identifying data linked to those txs, and this is widely understood.
Why would I constantly going in and out from btc to monero and vise versa? That would negate what little privacy benefits monero actually has left.

2024-02-06 14:07:25

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Even though bitcoin has plenty of privacy to protect the average user and even better privacy for more advanced users, If your money becomes worthless than privacy won't do you or your family much good.
Monero is a hot potato, toss it to someone else while you can and save in a hard currency like bitcoin.
Re chart: I simply clicked show all so that was as much data as the exchange could provide. There's zero intent to deceive, all this info is available to anyone.

2024-02-04 16:36:27

You enjoyed ICOs, NFTs and Ordinals right?
Well the next scams attempting to relieve you of your bitcoin will come in the form of "Layer 2 Solutions" that claim they solve bitcoin's scaling problems.
And you guessed it, they'll each have their own native token that they'll claim is necessary for scaling.

2024-02-03 12:26:15

Want your purchasing power preserved for you and your family?
Choose wisely.
XMR priced in BTC:
https://m.primal.net/HaWp.jpg

2024-01-09 15:45:26

I remember a time when we welcomed attacks on bitcoin.

2023-12-26 15:43:42

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My bad thought I was replying to the other guy. Interesting thought though for sure but I disagree.

2023-12-26 15:24:42

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Disagree it's trash, it's just software you don't want to run because you are financial invested in trash. Best of luck.

2023-12-26 15:12:11

Want to get rid of inscriptions in your node? No problem! Checkout this code to reject blocks with inscriptions by rot13maxi: https://github.com/rot13maxi/bitcoin-purifier

2023-12-10 14:23:45

Seeing some insane bullish calls for price tops with this next cycle. Fam we're not going to hit 700k. Most likely range is between 150k and 250k. Remember that these same people calling for above 500k+ are the same people that said we were going over 100k last cycle.

2023-12-06 15:28:09

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What? No the upgrade will allow the degens to move to layer 2 and above.

2023-12-06 14:25:23

It's not about jpegs or "censorship". It's simply about not damaging the best form of money we've ever had. The market will eventually rationalize out the nonsense and likely move it above layer 1 where it belongs. Economic incentives will be too powerful to ignore.

2023-11-24 16:55:58

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And yet it's going to be so, so much more. Lightning will connect bitcoin to every other financial system on the planet replacing the old systems one by one anchoring bitcoin as humanities's most purest expression of truth that we've ever known.

2023-11-19 13:31:14

Bitcoin is so much more than just peer to peer electronic cash. Even if it never scaled with lightning it would still be useful as simple counter weight to keep the central banking cartel's power from becoming absolute. Those who understand economics and geopolitics understand how these institutions control entire countries through debt.

2023-11-13 14:20:03

Alot of hate on Swan from other privacy solutions in the space but it's pretty clear these other privacy solutions have no idea what it's like to run a regulated exchange. However I'm glad both solutions exist to obtain bitcoin where ever a person's at in their journey.

2023-11-10 13:41:56

Are you a bitcoin dev who's looking to get funding for a project they're working on? There's actually a ton of options!
Whether you want to do your own thing or help someone else make sure to checkout the funding section of the bitcoindev.org website here https://bitcoindev.org/community.html#funding

2023-11-02 03:57:52

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Don't forget to add https://bitcoindev.org somewhere 😉

2023-11-02 00:48:22

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That's intense.

2023-11-02 00:46:26

Got some really cool things planned for bitcoindev.org including better mobile support.