Timechain
Search Donate
Sponsors
Cake Wallet, private Bitcoin and Monero walletSideShift.ai, no-signup crypto exchangeOrangeRock, non-custodial bitcoin spot and perps tradingBraiins Hashpower, buy and sell Bitcoin hashrateLayer Two Labs, drivechains for Bitcoin
S15 E42 · 1:09:51 · 20 Jun 2024

S15 E42: Super Testnet & Shinobi on Bitcoin Projects That Suck

Released at block 848,781
MP3 (130 MB)

The audio keeps playing while you browse the site.

Ask the Archive

Embed this episode

Paste this on your site or blog. It is a small player that streams from here: no trackers, no cookies, no ads.

Preview the player

Read the article: S15 E42: Super Testnet & Shinobi on Bitcoin Projects That Suck

What are the Bitcoin projects that suck? In this episode, Super Testnet & Shinobi point out to lots of suboptimal features in CoinJoins, Lightning Network, Nostr, BitVM, and Bitcoin development itself. It's fun, it's educational & it's brutally honest!

Time stamps:

Introducing Shinobi & Super Testnet (00:00:00)

Recording at Paralelni Polis (00:01:06)

Why Taproot Sucks (00:01:49)

Lightning Network (00:05:06)

Wasabi Wallet (00:08:19)

Nostr Social Media (00:16:15)

Cryptographic Key Management (00:17:09)

Cryptography Misconceptions (00:18:19)

Nostr's Lack of Key Management (00:21:01)

Proposed Solutions for Key Management (00:21:47)

Criticism of SeedSigner (00:24:21)

Alternative ESP32 Hardware Wallets (00:28:23)

LNBits and Iterative Improvements (00:28:50)

Drivechain Debate (00:30:04)

Random Ordering for Sidechains to Prevent MEV (00:34:42)

The timestamp's title (time it starts)

Drivechains and Miners (00:34:45)

Drivechains and Memes (00:38:12)

Core Lightning and Plugin Issues (00:39:02)

Bitcoin Rollups & The Unilateral Exit Issue (00:42:04)

RGB vs ZK Rollups (00:44:25)

Samourai Wallet Criticisms (00:52:25)

BitVM and Expensiveness (00:57:42)

JoinMarket Limitations and Criticism (01:01:59)

Non-Bitcoin Projects Dumping Data on the Blockchain (01:05:05)

Block Digest Reboot? (01:07:33)

Bitcoin Advocacy and Criticism (01:09:09)

Verify this episode

This is the SHA-256 fingerprint of the MP3 as published here, timestamped in the Bitcoin blockchain with OpenTimestamps. If one byte of the file changes, the fingerprint changes.

SHA-256
00b0809d31b1eeaa68f8b47dd854a3617c8d9e3228311d5639f7e0b4c77da754
Proof
2024-06-20_s15_e42_bitcoin_projects_that_suck_with_shinobi_super_testnet.mp3.ots · all episode hashes (proof)
Status
Anchored in Bitcoin block 974,312
How to check it yourself
  1. Download the MP3 and the proof into the same folder.
  2. Run sha256sum 2024-06-20_s15_e42_bitcoin_projects_that_suck_with_shinobi_super_testnet.mp3 (on a Mac: shasum -a 256 2024-06-20_s15_e42_bitcoin_projects_that_suck_with_shinobi_super_testnet.mp3). The result must match the SHA-256 above.
  3. Install the OpenTimestamps client (pip install opentimestamps-client) and run ots verify 2024-06-20_s15_e42_bitcoin_projects_that_suck_with_shinobi_super_testnet.mp3.ots. It hashes the MP3 again and checks the proof against your own Bitcoin node, then prints the block and the date the file existed by. Without a node, ots info 2024-06-20_s15_e42_bitcoin_projects_that_suck_with_shinobi_super_testnet.mp3.ots shows the block height to look up in any block explorer.

Keywords from the feed: Bitcoin, Super Testnet, Shinobi, Lightning Network, BitVM, Bitcoin Development, Privacy

0:000:00