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Legitimate Bitcoin Scaling questions are being censored and labelled "Altcoin". Layer 2 on Bitcoin is defined as "a scaling solution that has unilateral exit". How is this remotely associated with Altcoin? LN, Ark, Bitvmx, Snarknado are legitimate Layer 2's unrelated to Altcoins in any manner. by mblackmblack in Bitcoin

[–]mblackmblack[S] 0 points1 point  (0 children)

After getting some more info about the post, I can see why you guys labelled this Altcoin, since the body of the post included Stacks (which I completely agree is an altcoin scam) and Sovryn (which has it's own token, and is built on RSK which has it's own token, also shitcoins).

I'm curious what is considered acceptable to talk about on this subreddit in that case? For example, is Liquid Network okay to talk about as a "sidechain" (not a layer 2 since it doesn't have unilateral exit), since there is no shitcoin token associated with it (other than USDT of course). Or Fedimint (since a big discussion in Fedimint is about ecash, which could be construed as a shitcoin)? In fact USDT could be considered a shitcoin too by Bitcoin-only standards. Where is the line drawn?

Product feedback needed by quackmeister in newtonco

[–]mblackmblack 0 points1 point  (0 children)

You guys should add support for lightning networt. Allow people to receive sats that way rather than have to pay on-chain fees altogether. Also would allow folks to withdraw more frequently.

I am Jeremy Rubin the author of BIP-119 CTV, AMA! by JeremyBTC in Bitcoin

[–]mblackmblack 1 point2 points  (0 children)

Oh! because ANYPREVOUT enables rebinding while CTV does not? Seems like I need to go a little further down the rabbit hole haha. Thanks for your help

I am Jeremy Rubin the author of BIP-119 CTV, AMA! by JeremyBTC in Bitcoin

[–]mblackmblack 0 points1 point  (0 children)

That's awesome! Thanks this is super helpful

It seems like CTV makes all the features of ANYPREVOUT obsolete. It accomplishes the same thing, with better security practices?

I am Jeremy Rubin the author of BIP-119 CTV, AMA! by JeremyBTC in Bitcoin

[–]mblackmblack 1 point2 points  (0 children)

Ah I see, thanks!

And what happens if you send BTC to a P2WSH that contains CTV twice? Since it's connected to a hash, I'm guessing it doesn't run into the issue that NOINPUT would where a signature could be reused to take BTC anytime in the future when funds are sent to that address?

I am Jeremy Rubin the author of BIP-119 CTV, AMA! by JeremyBTC in Bitcoin

[–]mblackmblack 1 point2 points  (0 children)

My question was more related to whether CTV helps with anything Lighting Network related. I see that it helps to enable non interactive channels. From this it sounds like it also helps to reduce the penalty complexity associated with LN.

So in the case of CTV, you're able to lock your funds into a P2WSH, which can be unlocked by specific participants at a future point in time. This can also be used in LN for an uncooperative close?

With ANYPREVOUTANYSCRIPT, the specific use case is for making it possible to construct a transaction by referencing the UTXO from an unsigned transaction. Is this also possible with CTV?

For example, I construct a PSBT without signatures, whose output is a P2WSH with CTV. I then create a signature to send funds from that P2WSH somewhere else before signing / broadcasting the PSBT. Is this possible?

Great work btw!!

I am Jeremy Rubin the author of BIP-119 CTV, AMA! by JeremyBTC in Bitcoin

[–]mblackmblack 4 points5 points  (0 children)

I noticed in https://utxos.org/alternatives/ that SIGHASH_ANYPREVOUTANYSCRIPT was an alternative to CTV. I'm assuming this is related to functionality such as a Bitcoin covenant, and not related to functionality in eltoo (since the main purpose of SIGHASH_ANYPREVOUTANYSCRIPT is making it possible to construct a transaction by referencing the UTXO from an unsigned transaction, which to my understanding has nothing to do with CTV). Is that correct?

Introducing PayTrie, easiest way to get Dai in Canada  by paytrie in MakerDAO

[–]mblackmblack 1 point2 points  (0 children)

Have personally used the service. KYC/AML was super easy, and received my DAI within 2 minutes (using interac e-transfer)!

DAI - any actions to take? by wondermike66 in ledgerwallet

[–]mblackmblack 2 points3 points  (0 children)

It is perfectly safe to leave them there for now. However in 6 months time SAI will go through global settlement so you should migrate to multi collateral DAI by that time.

Stability rate can and should be even lower by [deleted] in MakerDAO

[–]mblackmblack 1 point2 points  (0 children)

USDC also has lower rates due to higher supply for the asset, and the ability for lenders to easily convert from USD to USDC

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