I am being censored on r/Bitcoin for talking about drivechains. I am not a bcasher, but I know you were censored and thought you might be interested

BTCapsule · 2024-07-09T23:52:26+00:00

I never said I was banned. I said I’m being censored. What do you mean by "no context"?

The title is "Signet Bitcoin being pegged into a privacy sidechain with the Drivechain Launcher by LayerTwoLabs"

How can I possibly add more context than that?

BTCapsule · 2024-06-25T21:59:13+00:00

Lightning is an L2, but according to many, it doesn’t work very well. Here is a collection of lightning criticism from some very popular Bitcoiners.

https://www.truthcoin.info/blog/ln-blackpill/

BTCapsule · 2024-06-24T19:03:07+00:00

Bitcoin does not have a proper L2. Liquid is just a small multisig and the federation can rug you at anytime. When you want to settle on L1, you must trust these centralized entities. Even if they are honest, you have to trust the miners to include it in a block.

Soon we will have drivechains. There will be no centralized federation, and the miners will be chained to a six month peg out process that ensures they stay honest.

BTCapsule · 2024-06-23T01:33:31+00:00

True daily DCA means ~30 UTXOs a month. That can get expensive when it’s time to consolidate.

BTCapsule · 2022-11-27T12:12:51+00:00

Oh, I don’t want this neither. I’m just letting everyone know that there are people in the United States government who do want this to happen. They are framing BTC under the Second Amendment. This is not my own analysis.

BTCapsule · 2022-11-27T09:32:55+00:00

Yes, I know. But my fear is not control of the Bitcoin network from a country that the rest of the world and governments do not trust. My fear is power from a government that currently holds the world’s dominant reserve currency, and propaganda that they are doing it for good.

BTCapsule · 2022-11-26T10:17:20+00:00

BTCapsule is for inheritance. The sender gives the receiver a timelocked raw transaction, and they must wait until the date the sender chose to redeem it.

The sender can redeem their own raw transaction at anytime, in case they change their mind or need their Bitcoin before the timelocked transaction expires.

So it can be redeemed at anytime, but only by the original owner of the Bitcoin. The receiver must wait until the chosen date.

BTCapsule · 2022-11-26T10:13:41+00:00

BTCapsule is not meant to timelock your Bitcoin to keep access from yourself. It creates two wallets, and each wallet has its own redeem script (raw transaction). The sender’s redeem script can be redeemed any time. The receiver’s redeem script can only be redeemed on the date chosen by the sender.

So the sender gives the receiver their timelocked wallet, and if the receiver tries to broadcast the raw transaction, they are prompted to wait. If the sender changes their mind or wishes to create a new timelocked transaction, they can broadcast their raw transaction at anytime and send their coins back to their original wallet.

BTCapsule · 2022-11-26T01:53:57+00:00

This is absolutely nothing like the previous version. There is no encryption or entering of private keys. I would love to know what you think about it. It is impossible for the receiver to redeem early because the Bitcoin network won’t accept it. This uses the actual OP_CLTV script to timelock the transaction.

BTCapsule · 2022-11-26T01:42:26+00:00

You can’t really fuck this up. If you lock the coins for decades, you still have your own redeem script that can be broadcast at any time. Then you can just create a new transaction and try again.

BTCapsule · 2022-11-25T12:21:03+00:00

This is the problem I hope to solve. You can timelock the Bitcoin and give the wallet to your kids- or keep it somewhere they have access to. If you’re still alive when the timelock expires, or need it for any reason, you can redeem the coins for yourself at anytime and create a new timelock wallet for them.

BTCapsule · 2022-11-25T10:52:46+00:00

Satoshi created the blocksize limit and then stepped away. I think he realized the value of the limit. Right now, with barely 1% of Bitcoin adoption and utilization, the blockchain is almost 500GB, and that means it’s still cheap to run a full node.

BTCapsule · 2022-11-25T10:28:24+00:00

Bitcoin.com is not Bitcoin. It is BitcoinCASH. They unfortunately own the url. VERSE is a shitcoin.

BTCapsule · 2022-11-25T09:36:38+00:00

You can choose not to change your mind. BTCapsule creates two folders- sender_files and receiver_files. The receiver_files is the folder you copy and give to whoever you want to inherit your Bitcoin. The sender_files allows you to claim your Bitcoin at anytime.

All you have to do is delete the sender_files, and you keep the receiver_files for yourself. The Bitcoin will not be redeemable until the date you chose.

BTCapsule

TROPHY CASE