Achim Warner·Feb 22, 2024Example of a problematic scenario with timeout treesThere’s been a lot of hand-waiving about timeout trees over the last few days. The point here is just to present a concrete example of what…
Achim Warner·Jan 18, 2024Bitcoin is Dead (long live IBIT.)The possibility of abandonment has been crucial to the security of Bitcoin. Without it, what forces Bitcoin to maintain its character?A response icon3A response icon3
Achim Warner·Aug 4, 2023Thoughts on Drivechain II: How bad is MEV?Some suggest MEV will lead to miner centralization. Centralization is always a major concern, and anything that potentially adds…A response icon2A response icon2
Achim Warner·Jul 18, 2023Thoughts on Drivechain I: Miners can do things about which we will inevitably argue whether it is…There seems to be two main lines of criticism about drivechain, MEV and “miners can steal. ” I’m working on the MEV (still thinking through…A response icon1A response icon1
Achim Warner·May 1, 2022What can go wrong if demand for Bitcoin blockspace becomes taken up by non-Bitcoin uses?Moar security = good, right?
Achim Warner·Mar 1, 2022How bitcoin transactions can be censoredFor this to work, you need to have 51% of miners that are “rational”. If there are 51% of miners that are not maximizing profits in the…
Achim Warner·Feb 1, 2022The Bitcoin Security Trilemma and the security budgetBitcoin Security Trilemma: In as much as an attacker can marshal sufficient hashrate, Bitcoin must be A) Exploitable B)Value-Destructible…
Achim Warner·Jan 5, 2022Here’s how the miners will change the total supplyIt will happen 2031/2032, when the halving is expected to change the block reward from 1.5625 to 0.78125 BTC / block. In 2030, the…
Achim Warner·Dec 10, 2021Bitcoin’s Layer 0.51 : A quick proposal to reduce the hashrateAbstract: At the outset of some predetermined time epoch, miners run a quick hashing competition to signal their interest in joining a…
Achim Warner·Sep 10, 2021Proposal to assert United States Control over the Bitcoin blockchain by 2037 /sBrief DescriptionA response icon3A response icon3
