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Ray retweeted
Correct. Glitches are the side chains interacting with the mainchain.
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Jun 13
What it could mean: • Fee pressure incoming: Expect higher sat/byte rates if demand continues • Adoption signal: Real activity (not spam) may finally be returning to Bitcoin mainchain
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Replying to @TheBCHPodcast
on the 0-conf: BU did deep research on this and TRIED to doublespend on the mainchain. They established that due to the internet global network latency the likelihood of succeeding even when intentionally trying was very low. And that was before starlink and widespread fiberoptic
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And various other computational layers that come in future. But.instead.yall proceeded to grift and scam.. and build worthless ass failures on cardano mainchain.. and here we are .. bunch of peasants trying to get money from treasury every other day just to do more worthlesshit
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None of you ever understood the core vision.. If you/ yall did.. No o e would've attempted to build apps on cardano mainchain in the first place .. and would've known. things like real fi and various other things and services were always going to leverage things like midnight
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Such as? Collapse of SmartBCH doesn't count? That wasn't a mainchain governance issue, but it could have split the community. CashTokens & ABLA - both enormous upgrades - at another time would have divided the community (ala BSV), didn't. "Could have but didn't" is invisible.
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Stupidity can bring value. Testing dumb ideas is, in the worst-case scenario, a warning to everyone else. Ordinals were one of those ideas. From the start, it was obvious they would not scale well on Bitcoin mainchain. Block space is expensive and scarce. The more people use it, the more expensive it becomes. But nevertheless, Ordinals brought value to Bitcoin. People who followed Ordinals early, especially inside the Ordinals community, saw something interesting: many people who had never run a Bitcoin node started running one because of Ordinals. And they did not only learn how to run a node. They learned how to use RPC commands to talk to it. They learned how blocks work, how fees work, how mempools work, and why block space matters. Then fees exploded. The temporary spam created by Ordinals proved two important things: 1. Bitcoin mining can be profitable from transaction fees alone. 2. Layer-above technologies like Lightning and Liquid are necessary if Bitcoin is going to scale. But only real-world usage can push these technologies forward and shape their path. In the end, the market always wins. Ordinals had a lot of supply, but not enough lasting demand. Still, the lesson was valuable. We only know that hot water burns because someone got burned by it.
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Your Bitcoin Knots will go to zero!! As soon as you trap yourself 15 blocks behind the mainchain you will reject blocks that the majority of the network accepts. The majority of the network will continue to built on the rejected block. You will self-fork and your BTC go to zero!!
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Replying to @btctrek
The legacy chain might accept a block and add to it. But as soon as you trap yourself 15 blocks behind the mainchain. You will find yourself being rejected because your chain is too old.
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Replying to @Roucas13 @adam3us
L2's rely on mainchain to secure data. The more "assets" minted through liquid, the more pollution on Bitcoin mainchain as well.
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The Block retweeted
ZK proving innovations being pushed out on L2s are coming to the Ethereum mainchain, reinvigorating the case the rollup-centric roadmap, Joe Lubin told The Block theblock.co/post/404185/ethe…
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🔴 Ethereum could become fully zero-knowledge protocol in 3–5 years, Lubin says ConsenSys CEO Joseph Lubin told The Block that Ethereum could transition to a fully "zero-knowledge proof-based protocol" within 3 to 5 years, enabling improved composability between the base layer and Layer 2s. The shift would support initiatives like "Lean Ethereum," a plan by Ethereum Foundation researcher Justin Drake to strengthen the mainchain using zero-knowledge cryptography, targeting over 10,000 transactions per second while preserving decentralization.
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Also doch zentrslisiert. DASH löst das mit den Payments HErVORRANGEND ohne 27345 umwege. Mainchain Adresse eingeben, binnen 10s Geld drauf, fertig. Überprüfbar 0 Drittanbieter notwenig. Aber hey gibts ja erst seit 2015 und BTC muss wieder durch den Rücken über den Fuss ins Auge
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Das ist doch unfug. Wenn ich eine Mainchain TX sende kann auf der anderen Seite 0 Satoshi sein Phoenix ist also kein Zentralisierter Anbieter? Nimmt keine Gebühren für die Verwaltung? Wie bekommt es dann Liquidity auf die andere Seite?
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Replying to @AsyncN8
> Miners don't want that uncertainty hanging over them forever. Any misplaced concern will be put to bed as the BIP110 chain falls well behind the mainchain
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Liquid Network (@Liquid_BTC ) and Lightning Network, Bitcoin Layer 2s working together while Bitcoin mainchain fee are high. With Adam Back (@adam3us) @Boltzhq boltz.exchange/
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2/ The scaling problem is real. Bitcoin does 7 tx/sec. Ethereum does 15-20 without rollups. $ADA mainchain validates every transaction globally, which is why it's secure but not fast. The industry solution? Either centralize validators (Solana style), raise node hardware to insane levels (Arbitrum), or push everything off-chain and hope a few sequencers don't collude (most rollups). Cardano's answer: what if validators didn't have to see everything? 🫡🏾
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