Bitcoin TLDR

#92

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Summary

Aug 25 - Aug 31, 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

Olaoluwa Osuntokun has proposed the addition of Elliptic Curve operation op codes to Bitcoin's scripting language to enhance its smart contract capabilities, utilizing Taproot to enable more dynamic and versatile applications like optimized Discreet Log Contracts and EC-based sigma protocols. This advancement, detailed in the Bitcoin Improvement Proposal accessible here, aims to significantly extend Bitcoin's scripting functionalities and is accompanied by a reference implementation for btcd found here.

Meanwhile, the release of Bitcoin Core version v29.1rc2, as announced by fanquake, introduces the latest binaries and source code available for community testing here and here respectively. This step is crucial for identifying critical issues before the official release, emphasizing the importance of community feedback through the GitHub issue tracker.

In a separate development, Ben Westgate has suggested integrating BIP-0093 with BIP-0085 to generate codex32 backups from BIP-0032 master keys, enhancing deterministic wallet backups and seed management. The proposal, which aims to standardize the use of codex32 for better error correction and secret sharing capabilities, is elaborated on here and is supported by a draft PR for Bitcoin Core, available at PR 32652.

The bitcoinfuzz project, initiated by bruno and further developed with contributions from Erick Cestari and Morehouse, underscores a concerted effort to bolster security across Bitcoin and Lightning Network implementations through differential fuzzing. Having identified over 35 bugs in key projects, the venture seeks to integrate with OSS-Fuzz and enhance its infrastructure for broader fuzzing capabilities, as documented here. This endeavor exemplifies the ongoing commitment within the Bitcoin community to refine and secure its underlying technologies.

Active Discussions

Writing Simplicity Programs with SimplicityHL

6 replies

By instagibbs

Involving niftynei, sanket1729+2 others

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Original post on August 4, 2025 19:21 UTC

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Last reply on August 26, 2025 14:01 UTC

delvingbitcoin

  • A programmer analyzed the SimplicityHL repository, noting efficiency and serialization concerns.

  • Compiling an example needed 447 Work Units, prompting discussions on code compression.

  • The operational cost and serialized script size discrepancy suggest optimization opportunities.

Bitcoin and Quantum Computing

6 replies

By garlonicon

Involving ClaraShk, AdamISZ+1 other

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Original post on May 28, 2025 14:25 UTC

cyclic icon

Last reply on August 29, 2025 16:34 UTC

delvingbitcoin

  • The Hourglass strategy enhances cryptocurrency security by limiting UTXO spending rates.

  • It proposes a soft-fork for transaction time-locking, using Proof of Work for verification.

  • Detailed discussion and implementation insights are available on BitcoinTalk by Saint Wenhao.

Confidential Script: Emulate soft forks using stateless TEEs

5 replies

By josh

Involving JeremyRubin, sanket1729+1 other

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Original post on August 12, 2025 21:11 UTC

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Last reply on August 30, 2025 20:26 UTC

delvingbitcoin

  • The public crate's creation and proposed Inquisition repository integration emphasize opcode utility and review value.

  • A request to add kernel support to Inquisition considers it a logical extension despite potential mission shifts.

  • The project aims for secure, user-friendly design, facilitating developer and user interaction with soft forks via shared emulators.

A Game-Theoretic Approach to Bitcoin’s Valuation in Equilibrium

3 replies

By taparoo

Involving josh

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Original post on March 29, 2025 01:48 UTC

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Last reply on August 29, 2025 15:38 UTC

delvingbitcoin

  • Bitcoin may equilibrate at 50% of global wealth, influenced by Saylor's analysis.

  • Gresham's Law predicts Bitcoin's initial hoarding instead of circulation due to "bad money" circulation.

  • Thiers' law suggests Bitcoin will become widely accepted post-hyperinflation, driving out "bad money."

Taking a second look at OP_EXPIRE

2 replies

By garlonicon

Involving cmp_ancp

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Original post on August 25, 2025 01:47 UTC

cyclic icon

Last reply on August 26, 2025 01:36 UTC

delvingbitcoin

  • Miner Extractable Value in crypto leads to expired, unmined transactions burning coins.

  • This burning reduces coin supply, potentially increasing value, especially as block rewards drop.

  • Solutions propose confirming transaction alternatives to avoid consensus changes and address expirations.

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