lopp-1

If you're worried that nonmonetary use of block space will compromise the integrity of Bitcoin as money, then you're worried that financial sovereignty may not be the most valuable use case for the system and you're worried it can't compete for scarce block space.

Maybe you should be.

As I see it, the way things are going, the biggest threat to Bitcoin as money doesn't come from "spammers." Rather, it comes from the Number Go Up narrative pushers who tell folks that ETFs and trusted third parties are fine to use because you'll get rich regardless.

That line of thinking is what causes demand for block space to drop, thus making it so cheap that people can afford to play stupid games with the available block space.

Is backing up your multisig wallet descriptor on the blockchain halal or haram? 😅

Either way, you can do it with the tool at https://multisigbackup.com/

Why is Bitcoin so hard to understand? It's a complex multifaceted system and few folks view it with a comprehensive perspective. #repost https://blog.lopp.net/nobody-understands-bitcoin-and-thats-ok/

My fireside chat with @APompliano at Bitcoin Investor Week about securing your bitcoin in this adversarial environment: https://www.youtube.com/watch?v=POXhTSHoVG4

A crypto entrepreneur is accused of torturing an Italian man for weeks with a chainsaw & taser in an attempt to extort millions of dollars from him.

Oddly, the suspect didn't seem to be lacking for money - his apartment costs $30K+ per month.
https://nypost.com/2025/05/23/us-news/kentucky-crypto-investor-allegedly-tortured-captive-italian-tourist-for-weeks-in-luxury-nyc-apartment-sources/

You've seen me post about wrench attacks; are you interested in a deep analysis of the 220+ attacks I've cataloged? Catch me at @TheBitcoinConf next week for new insights and advice!

Have you ever wanted to dig into exactly how Bitcoin's scripting language works? The opcode encyclopedia is now open! H/T @thunderB__
https://opcodeexplained.com/

Are you interested in learning more about the #Bitcoin Lightning Network? Check out my educational resources with 40 categories and 250+ links: https://www.lopp.net/lightning-information.html

15 years ago today, Laszlo Hanyecz had tens of thousands of bitcoin he had mined just burning a hole in his pocket. He also had a hankering for pizza. The rest... was history.

Fun fact: he kept his pizza offer open for a while and in total purchased 8 pizzas for 40,000 BTC!

An American tourist in London was drugged by a fake Uber driver who then drained his cryptocurrency wallets. Don't walk around with direct access to your life savings, folks!
https://www.mylondon.news/news/zone-1-news/american-tourist-london-loses-123k-31673388

"Slaying Satoshi" reveals my research into Hal Finney that discovered compelling evidence that he could not have been Satoshi Nakamoto.
https://www.youtube.com/watch?v=b7etnRAOm5A

Bitcoin -resurser på Svenska https://www.bitcoinsverige.org/

"Get out of the way of our Bitcoin license!"

- @NYCMayor

A decent number of folks have deluded themselves into believing Bitcoin is perfect money.

For sure, it is the best form of money along many vectors, but that doesn't mean it's devoid of deficiencies.

Those who believe Bitcoin is perfect will fight every proposed improvement. 🤦🏼‍♂️

Bitcoin is an open collaborative project. As such, public discussion of current events and improvement proposals is crucial to its healthy evolution. Here are places outside of Twitter where you can meet other enthusiasts: https://www.lopp.net/bitcoin-information/discussion-forums.html

One potential pitfall when it comes to UTXO management is ending up with a bunch of UTXOs that cost more to spend than they're worth. With this calculator you can determine the appropriate minimum value of deposits you should make to your wallet.

https://jlopp.github.io/unspendable-utxo-calculator/

Help increase the Bitcoin network's resistance to network censorship - run a hidden Tor service today! #repost https://blog.lopp.net/how-to-run-bitcoin-as-a-tor-hidden-service-on-ubuntu/

After ATH we switch to arguing about CTV + CSFS

Should you configure a high dbcache value for your Bitcoin Core node? This research analyzes the performance tradeoffs. #repost
https://blog.lopp.net/effects-dbcache-size-bitcoin-node-sync-speed/

"I didn't consent to storing your data on my node!"

What you really mean is you didn't read and understand the node software license.