Bitcoin TLDR

#73

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Summary

Mar 24 - Mar 29, 2025

Our weekly newsletter is focused on keeping you updated on what's new in Bitcoin, and summarizes the bitcoin-dev, lightning-dev and delving bitcoin mailing lists

The discussions across various platforms delve into the complexities and potential advancements within the Bitcoin ecosystem, focusing on privacy concerns, quantum computing threats, and significant software updates. /dev /fd0 highlights the privacy implications of the Payjoin protocol and the UTXO probing attack, stressing the importance of cautious engagement in Payjoin transactions due to potential privacy trade-offs (source). Meanwhile, Matt Corallo and Josh address the looming challenge of quantum computing to Bitcoin's security, proposing different approaches to safeguard the cryptocurrency, including a freeze fork and a quantum-resistant fork, alongside emphasizing Bitcoin's inherent protections and the role of community engagement in preemptive measures (source, source).

The release of Bitcoin Core version v29.0rc2 represents a pivotal moment for the platform, aiming to bolster the network's stability and reliability through community-driven testing and feedback. This update was made available by Gloria Zhao and glozow, who encourage the community's involvement in refining the software before its final release, underscoring the collaborative effort required to advance the Bitcoin Core software (source, source).

Josh further explores Bitcoin's potential as the optimal unit of account to passively stabilize the macroeconomy, advocating for its adoption based on its unique attributes and the game-theoretic argument for its eventual dominance. This discussion underlines the transformative power of Bitcoin in reshaping economic stability and efficiency through a universally accepted unit of account that aligns with total wealth (source).

Active Discussions

Unbreaking testnet410 replies

By Garlo Nicon

Involving

Antoine Poinsot, Melvin Carvalho+3 others

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Original post on March 18, 2025 14:29 UTC

cyclic icon

Last reply on March 31, 2025 07:32 UTC

bitcoin-dev

  • Mining with CPUs on devices like laptops could decentralize crypto mining efforts.
  • An example script shows mining via simple proof of work is technically feasible.
  • This approach promotes inclusivity in crypto mining, challenging the dominance of high-end hardware.
Against Allowing Quantum Recovery of Bitcoin9 replies

By Agustin Cruz

Involving

Jameson Lopp, AstroTown+3 others

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Original post on March 16, 2025 14:15 UTC

cyclic icon

Last reply on March 24, 2025 11:19 UTC

bitcoin-dev

  • Agustín opposes Saulo's idea to let quantum computers claim unupgraded Bitcoin, citing major risks.
  • He suggests freezing vulnerable coins for four years, letting users upgrade for better security.
  • Despite potential community division, he prioritizes protecting Bitcoin from quantum threats, citing past update successes.
Consensus Cleanup BIP draft9 replies

By Sjors Provoost

Involving

Chris Stewart, Antoine Poinsot+2 others

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Original post on March 26, 2025 17:14 UTC

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Last reply on March 31, 2025 20:09 UTC

bitcoin-dev

  • Eric discussed 64-byte transaction limits, suggesting niche applications despite constraints.
  • Sjors highlighted fundamental design flaws in Merkle trees, necessitating major workarounds or a hard fork.
  • The exchange underscores ongoing debates on optimizing Bitcoin-based smart contract systems.
Time to add CSFS to Signet?8 replies

By moonsettler

Involving

Weikeng Chen, Greg Sanders+1 other

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Original post on March 17, 2025 03:38 UTC

cyclic icon

Last reply on March 26, 2025 13:36 UTC

bitcoin-dev

  • The author expressed inability to create a detailed summary due to lack of content.
  • They requested more information or a different text for summarization.
  • The request for further content or context was prompted by an insufficient email reference.
Hashed keys are actually fully quantum secure7 replies

By Lloyd Fournier

Involving

Martin Habovštiak, Agustin Cruz+1 other

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Original post on March 16, 2025 18:25 UTC

cyclic icon

Last reply on March 30, 2025 20:16 UTC

bitcoin-dev

  • Bitcoin developers discussed boosting transaction security against attackers.
  • A proposed "head start" for transactions could prevent attacker competitiveness.
  • Enhancements like a robust Replace-By-Fee mechanism were also explored.
Slashing covenants2 replies

By Hunter Beast

Involving

Ethan Heilman

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Original post on November 24, 2024 21:13 UTC

cyclic icon

Last reply on March 24, 2025 21:51 UTC

bitcoin-dev

  • Ethan Heilman's methodology integrates slashing covenants, offering a unique Bitcoin development perspective.
  • Heilman examines technical and practical feasibility, including OP_CAT operation and transaction size impacts.
  • The discussion highlights innovation and the importance of incentives in blockchain technology's security and enhancement.
Standard Unstructured Annex2 replies

By Peter Todd

Involving

Antoine Riard

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Original post on March 20, 2025 00:27 UTC

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Last reply on March 24, 2025 16:17 UTC

bitcoin-dev

  • TLV encoding scheme consensus emerges within blockchain's data encoding landscape.
  • Libre Relay's policy on OP_Return size shows reluctance to limit annex use.
  • Future defense against potential pinning attacks involves witness-RBF integration.
Finished planned work on BIP 3: Updated BIP Process2 replies

By Antoine Poinsot

Involving

Murch

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Original post on February 3, 2025 19:11 UTC

cyclic icon

Last reply on March 28, 2025 17:21 UTC

bitcoin-dev

  • Antoine Poinsot reviewed BIP3, indicating it's ready for implementation and seeks feedback.
  • He submitted a PR to address minor wording issues and adapted two BIP drafts to BIP3 guidelines.
  • Poinsot supports BIP3's current state, evidenced by his "tested ACK" after experimentation.
Great Consensus Cleanup Revival81 replies

By AntoineP

Involving

ajtowns, evoskuil+14 others

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Original post on March 24, 2024 19:53 UTC

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Last reply on March 26, 2025 17:28 UTC

delvingbitcoin

  • A BIP draft for a Consensus Cleanup soft fork has been submitted for discussion.
  • The draft awaits moderator approval; details are accessible via a public pull request.
  • It aims to enhance Bitcoin's protocol, signaling advancements in blockchain efficiency.
How to linearize your cluster62 replies

By stefanwouldgo

Involving

sipa, Lagrang3+5 others

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Original post on December 20, 2023 03:59 UTC

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Last reply on March 31, 2025 14:59 UTC

delvingbitcoin

  • A novel proposal addresses vulnerabilities in transaction processing, suggesting users provide chunking solutions.
  • The approach aims to enhance processing efficiency without overburdening the network's infrastructure.
  • It also proposes encoding chunking solutions to maintain blockchain efficiency and scalability.
Is it time to increase the blocksize cap?25 replies

By qustavo

Involving

myles, CubicEarth+8 others

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Original post on June 3, 2024 17:21 UTC

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Last reply on March 25, 2025 18:54 UTC

delvingbitcoin

  • The proposal addresses blockchain scalability by suggesting a dynamic blocksize adjustment mechanism.
  • This mechanism adjusts block size based on transaction volume, aiming for balance and user satisfaction.
  • Implementation requires considering factors like security and decentralization to maintain blockchain principles.
Stats on compact block reconstructions22 replies

By 0xB10C

Involving

ajtowns, instagibbs+5 others

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Original post on August 2, 2024 12:08 UTC

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Last reply on March 24, 2025 19:26 UTC

delvingbitcoin

  • Node `alice` was optimized by setting `blockreconstructionextratxn` to `10000`, enhancing performance during high mempool activity.
  • Updates to nodes `charlie` and `erin` introduced a new orphan transaction resolution approach, while `ian` upgraded to Bitcoin Core `v29.0rc1`.
  • Improving compact block announcements focuses on prefilling transactions, aiming to enhance network efficiency and resilience.
The Ark case for CTV7 replies

By stevenroose

Involving

instagibbs, harding+1 other

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Original post on March 17, 2025 17:23 UTC

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Last reply on March 28, 2025 21:16 UTC

delvingbitcoin

  • Each participant in the network plays dual roles in communication.
  • Active participation ensures a robust exchange of information.
  • The presence of all individuals enhances communication effectiveness.
Disclosure: LND Excessive Failback Exploit7 replies

By t-bast

Involving

ariard, morehouse

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Original post on March 4, 2025 15:58 UTC

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Last reply on March 30, 2025 20:35 UTC

delvingbitcoin

  • Confusion exists around 'upstream' and 'downstream' terms in Lightning Network discussions.
  • A new BOLTs requirement mandates relaying preimages from downstream to upstream nodes.
  • There's ambiguity regarding obligatory force-close for unacknowledged `update_fulfill_htlc` messages.
Fee-Based Spam Prevention For Lightning3 replies

By harding

Involving

JohnLaw

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Original post on March 14, 2025 23:58 UTC

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Last reply on March 25, 2025 06:09 UTC

delvingbitcoin

  • The new protocol aims to streamline Lightning Network transactions by excluding certain messages.
  • It introduces longer latency and potential slowdowns in payment processing efficiency.
  • The concept of hold fees is discussed for fair compensation in delayed payment scenarios.
Verification of RISC-V execution using OP_CCV1 reply

By sjors

Involving

halseth

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Original post on December 21, 2023 13:59 UTC

cyclic icon

Last reply on March 26, 2025 14:08 UTC

delvingbitcoin

  • The discussion focuses on using `OP_CCV` and `OP_CAT` opcodes in a project.
  • A challenge is the 31-bit limit by `CScriptNum`, affecting system efficiency.
  • Suggests enhancing numerical capacity to improve code and mentions re-enabling disabled opcodes.
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