A Crime on Testnet

This post is featured in my book Bitcoin – A Work in Progress. On a warm summer day I crave a frappuccino. Unfortunately drugs such as caffeine, sugar and cacao were declared illegal decades ago. This happened because young unemployed college graduates often felt triggered by loud caffeinated rich people. Sugar was causing mass obesity… Continue reading A Crime on Testnet

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Van wie is deze bitcoin?

Van wie is deze bitcoin? This post is in Dutch. The short English version is in this Twitter thread: You may want to turn off transaction email notifications, and ask your favorite wallet provider to use PGP. In general email notications are a big privacy / security risk; they form a detailed record of stuff that's… Continue reading Van wie is deze bitcoin?

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Bitcoin Core Wishlist

Bitcoin Core Wishlist I started to contribute code and reviews to Bitcoin Core a few months ago and gradually accumulated lists of stuff I’d like to see. Some of these I can do myself, others are still beyond my level of expertise, still others might be terrible ideas and never happen.

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Decoding a BIP-70 Payment Request

Decoding a BIP-70 Payment Request I was trying to understand BIP-70 Payment Requests a bit better, mainly because I am confused by BitPay’s claim that they can somehow block “mistaken” transactions: We can also analyze transactions to make sure an adequate bitcoin miner fee is included. If the fee isn’t sufficient to allow the transaction to… Continue reading Decoding a BIP-70 Payment Request

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On Fees

On Fees When sending less than €1,000 of Bitcoin it’s worth paying attention to fees, but keep mind that your payment is competing with transactions that move €100,000 on equal terms. Transactions are charged per byte, not as a percentage of the amount. But willingness to pay is obviously a percentage of the amount. It’s… Continue reading On Fees

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Opt-in hard-fork without alternate transaction history?

Opt-in hard-fork without alternate transaction history? IETF’s RFC 7282 is an eloquent document which describes important aspects on koop consensus, and worthwhile if you want a more nuanced interpretation than “widespread agreement and disagreements addressed (even if not acommodated)”. Measuring Consensus Once we have a concrete technical proposal, and it seems to have some traction,… Continue reading Opt-in hard-fork without alternate transaction history?

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