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Peter R. Rizun
Chief Scientist, Bitcoin Unlimited. My opinions are my own.
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Peter R. Rizun May 15
It needed a native asset so that its smart contracts could trustlessly distribute that asset, as per the contract.
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Peter R. Rizun May 15
Replying to @VBivar
What I want to know is why Twitter put _your_ tweet in my feed not one time but two times back-to-back. There's something going on here 🧐
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Peter R. Rizun May 15
I don't think would really disagree. Wasn't the need for ETH technical? BTC isn't a native asset in Ethereum and thus using it wasn't practical; and Bitcoin script didn't support the more powerful computations of Ethereum...thus the need for 2 networks and 2 coins
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Peter R. Rizun retweeted
CoinSpice May 15
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Peter R. Rizun May 15
No one is mining the old chain. That's why Chris says Bitmex's post is misleading. Proof: it mislead you!
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Peter R. Rizun May 15
Good summary of the BCH bug and exploit today from Gün. I'll add that I hope miners see the benefit of multiple competing implementations. For example, Bitcoin Unlimited (run by ) didn't have this vulnerability. We need more miners running non-ABC clients
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Peter R. Rizun retweeted
imaginary_username May 13
Which is worse for integrity of the bitcoin network (any fork)?
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Peter R. Rizun May 9
Yes, the document talks about _purpose_. It gives a specific example: a person who regularly sells bitcoin p2p for the purposes of earning money requires a license, whereas a person who occasionally sells his own bitcoin p2p--and not as a business--is exempt.
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Peter R. Rizun May 9
Replying to @jerrybrito
Looking forward to your thoughts. My interpretation is that persons who run a LN node for the purposes of making payments are not money transmitters. But persons who run a LN node for the purposes of earning fees by routing _other_ persons' payments _are_ money transmitters.
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Peter R. Rizun May 9
My interpretation is that persons who run a Lightning node for the purposes of making payments are not money transmitters. However, persons who run a Lightning node for the purposes of earning fees by routing _other_ persons' payments _are_ money transmitters.
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Peter R. Rizun May 9
Don't let them bully you, Jeremy. This notion that some ideas can't be discussed in public needs to disappear.
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Peter R. Rizun May 8
Wow, is this real?
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Peter R. Rizun May 8
At what scale of bitcoin theft would reorging the blockchain to return the coins to their rightful owners be "a better outcome for bitcoin" than allowing the thief to keep them. (Note: this is a question of how you think things ought to be, not about what's possible or practical)
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Peter R. Rizun retweeted
Paul Graham May 8
Making code shorter often also makes it more correct. Part of what you're doing when you boil code down is eliminating conflicting assumptions. I've seen this happen often enough that I'm now suspicious of the correctness of any code that seems unnecessarily long.
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Peter R. Rizun May 5
Dear Bitcoin Unlimited members: Voting is now open at: I encourage all members to vote "REJECT" to BUIP113 and "ACCEPT" to BUIP114. This will allow BU to officially drop support for BSV.
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Peter R. Rizun May 3
Replying to @MurdockCapt
I've just signed myself up for 29 days of baiting, haven't I?
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Peter R. Rizun May 3
Our first baby is due in June. Otherwise I might! Thanks for the invitation!
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Peter R. Rizun May 3
Replying to @andrejders
BCH already works reasonable well for instant payments, and will further improve when double-spend proofs are implemented. For micropayments where ~$0.01 is too high a fee, payment channels and other L2 systems make sense.
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Peter R. Rizun May 3
Month-of-May Challenge: My twitter feed will focus on education and on what BCH is doing to bring p2p ecash to the world. I won't criticize BTC, discuss censorship in r/bitcoin, or get in arguments with BTC proponents. If I fail, I will donate 1 BCH-worth of BTC to a LN project.
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Peter R. Rizun May 2
I enjoyed your interview with , by the way. It was one of my favorite episodes.
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