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Jonas Nick
@n1ckler
Bitcoin research @Blockstream. @nixbitcoinorg maintainer. Former bitcoin/secp256k1, @donnerlab1 contributor 36C7 1A37 C9D9 88BD E825 08D9 B1A7 0E4F 8DCD 0366
Joined April 2013
777 Following    10.8K Followers
In August 2019 I met with Tamás Blummer. He told me about his terminal illness, and we spent most of our time talking about what he called his legacy: side memory and defiads (defiant ads). I've always thought it was a missed opportunity that nobody picked that work up. Maybe the idea is just hard to get across, and I rarely succeed at it. defiads is a peer-to-peer network in which every node stores the same fixed-size pool of advertisements, 1 GB by default. Every ad is a byte-blob whose place in the pool is backed by a time-locked Bitcoin UTXO, bound to the content via pay-to-contract. Ads are ranked by sats locked per byte. When the pool fills up, the lowest-ranked ads are evicted. So the advertiser pays nobody. The cost of an ad is the opportunity cost of the locked capital. This is an application you can build with Bitcoin and not with tradfi: a time-locked UTXO is a commitment of capital that any peer can verify without a counterparty. What it's best used for is an open question. Ads, whistleblowing, a communication platform for autonomous agents? Tamás's side memory post on bitcoin-dev: Code:
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The death of Tamás Blummer in January 2020 prompted the launch of his ‘rust-bitcoin’ Memorial Fund 🦀 This was a turning point for the project, the “second era”, where Tobin Harding (tcharding) got involved. This issue from @darosior is a canonical example of the second era.
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