Lin | 😺 | 🔄 DotSwap
@linzheming
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Following
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61
Statuses
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BSV Association China Ambassador, Liquidity CATalyst, Co-Founder & CEO: , , husband and father.
中国
Joined August 2007
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如果你觉得正在经历一场社会的巨大变革，自己的微小努力真的有机会可以推动历史进步，那么不要作出让自己以后会后悔的选择。做正确的事，而不是做简单的事。
#BSVYear1
#BitcoinIndependence
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Mempool is happy to be the investor. Stay tuned.
Today, I'm happy to announce I have closed the seed round for Planaria corp.
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Bitcoin is the implementation of satoshi’s whitepaper. If satoshi is wrong and need to be corrected, why are they still calling the changed protocol bitcoin?
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Hopefully on 20th, Dec. We will release commercial grade BitcoinSV blockchain information services.
Powered by go-svdb, open-BSV licensed blockchain data engine.
Right now 100k+ users of DotWallet are supported by go-svdb internally.
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Mempool team offered their help to
@nourpool
for the setting up of their pool software. And encourages them to take these transactions as
@mempool_com
did. They chose to side with us.
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The key innovation of BSV is the (re)invention of SPV that help the user to use the system without the burden of running a so call “node” but still with 100% confidence and without a trusted 3rd party.
It’s a cost down solution dude.
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Join the first bitcoin DeFi experiment, become part of the history itself.
👉
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Maybe it’s time we drop the fee rate by 50% to celebrate the fiat pump?
@TaalBlockchain
@RealCoinGeek
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1. Fee rate should be configurable, default value is zero.
2. Chained tx limit should be configurable, default value should be no limit.
3. Different applications for different fees.
All about competition, cost and benefit will be considered, demand and supply will be intersect.
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We really value the collaboration with
@WeatherSV
. Breaking through the current fee limit bring a lot extra work to both of us, but we will never stop exploring the possibility.
Thanks to
@TaalBlockchain
and
@RealCoinGeek
dropping the fee, although not low enough to 0.2/byte.
It has been a frustrating couple of days but we are back online. Many thanks to
@mempool_com
for their assistance.
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LOL,
@mempool_com
has been a minor BCH pool that supports Satoshi Vision.
I think we’re supporting BSV from day0. Fully biased, popped up out of nowhere, when the timing is right.
@Don_wonton
I know. No way people could support BSV over BCH, right?
Has to be a grand conspiracy.
Right
@linzheming
?
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We shall build better infrastructure to lower the fees.
More miners will come if we have more fees waiting to be collected.
Congrats to
@mempool_com
and
@linzheming
for mining two blocks over 65 megabytes today. 550k transactions. More than BTC has EVER done in a week.
A nod to whoever mined a 32mb block too.
The unconfirmed transaction set is still large, if anyone wants to set some records!
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Very good resources to learn more about bitcoin, even I learnt so much more in the first several lessons.
Strongly recommended.
@mempool_com
@wallet_dot
Today, Bitcoin Association is proud to unveil Bitcoin SV Academy – an online learning platform more than a year in the making, designed from the ground up to make Bitcoin education accessible, accurate and understandable.
Visit to learn more & enrol!
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Need lower fees? Contact us at pr
@mempool
.com
We need huge amount of transactions to make it work. The future is on your hands developers!
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The security of bitcoin, lies upon the publicity not hash rate.
More hash rate make your promise more significant. Publicity means liability and responsibility, which leads to honesty.
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You don’t protect the ledger if you do not actively do something. You can’t mine mindlessly and also keep the right to vote at the same time.
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Not mentioning BSV? What are they afraid of?
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If you are experiencing technical difficulties when minting CAT, I would love to offer help.
Some errors are because of the binary tree nature.
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I, as the founder of Mempool, create the first ever BSV block from other protocol forks.
😂
@FrankRundatz
This is pretty incongruent, Frank.
For one, Craig didn’t create BSV. In fact, he didn’t even want it to exist. It is simply a branch on the bitcoin trunk that emerged when BCH developers created a client that could not be reorged by proof of work.
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While others love to play with tokenomics:
* Setup ponzi scheme
* Staking and restaking
* Issuing more assets to dilute
We want to build a successful product first.
Maybe that’s not your style of investment.
@rocjiang
@turner123923
@ordjingle
@EmblemVault
@coinyeezy
@dot_swap
@linzheming
算了吧
说了一整年，代币经济学还是一塌糊涂
基本没救 回本就走
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New Strategy, 250sat/byte only valid for
@sv_weather
. We will not relay not mine lower than 500sat/byte unless we've got contract signed.
Have fun.
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I think it is time to remove default value of relay fee limit completely. Let real coopetition shine!
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"A rose by any other name would smell as sweet" in fact the ordinary foes did not know what's bitcoin, but they can learn what is BSV, and eventually learn the fact that BSV is bitcoin.
The name matters most for BTC folks, but not that much for BSV.
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Great insight from Steve. As a miner I will not simply “make it cheaper for everyone”. Different businesses need to be properly treated individually in different fee structrure.
Looking for discounts? Great you can talk to miners and don’t forget to bring with your applications.
Some thoughts on Mempool's new business model and the coming of age of miners
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Is there any other guy trying to prove itself being satoshi other than
@Dr_CSWright
? Why not?
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Majority lack the ability to think independently. That is the reason they “hate”
@Dr_CSWright
. In fact they do so just to follow the others, like teenagers. So no wasting time teaching teenagers for real businesses.
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blockheaders, merkle proofs, getrawtx, utxo status.
This should be the barebones for building bitcoin apps.
Complex API or SDK could be build upon those basic functions. But please build apps based on those. the less dependency to other service, the more decentralized it will be.
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All bitcoin L2s will fail, unless you’re building upon UTXO.
The power of bitcoin, bursts out from bitcoin scrips and PSBTs.
BitVM/AVM, and our new experiments, are all based on UTXO model.
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The Lastpurse is now rebranding to DotWallet, a BSV only non-custodial web wallet. DotWallet support not only BSV but also BTC tokenized.
@Tokenized_com
, with Facebook integration. Try and get your BSV in the lucky drawing.
Come and get real Bitcoin! 😍
#BSV
#BitcoinSV
#Bitcoin
#Developers
DotWallet is a lightweight wallet-functional APP for the storage and payment of Bitcoin.
Scan the QRcode following, join to drawing BSV everyday!this a chance for you to take BSV back home free!
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Developers are exploring Bitcoin technology for opportunities. China is a big market for sharp-eyed entrepreneurs.
DotCamp for
#BSV
is definitely a WIN!
We are in Fuzhou🇨🇳 It's great pleasure for
@BitcoinAssn
to co-host this developer's event with
@wallet_dot
. Lin Zheming keeps advocating Bitcoin techonology very hard in China as our ambassador.
@linzheming
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CAT gold rush is completing, now enter the new era of utxo recycling.
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We are looking for interested investors.
$dswp
Want to actively became part of the Bitcoin history?
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For those who want a BSV wallet to withdraw your bitcoin from Binance, welcome to try in your WeChat. At your service.
Craig Wright is not Satoshi.
Anymore of this sh!t, we delist!
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Bullish on more applications for
@ProtocolCAT
🐱 New Update: Mint any CAT20 token now on
The fastest, safest, and easiest minter just got better:
🔐 No secret keys needed
⚡️ Mint any CAT20 token by entering its name or Token ID
🔄 Batch mint: 5 to 25 mints at once
🔍 Smart UTXO selection
💸 Refunds
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What people are fail to understand, is that it would be costly to recover all your transaction history only from the private key(or mnemonic words).
Application shall not work that way. Go SPV or you will be doomed.
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DotSwap is the (only) working AMM-SWAP solution.
BITCOIN DEFI YOU NEED TO KNOW TO PROFIT
Many of these protocols may offer token incentives
🧵(Bookmark to read later)
Here is a list:
1.
@beyond__tech
- cross-chain and cross-standard interoperability for the Bitcoin L1
2.
@bamkfi
- Bitcoin dollar, farming incentive thru
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Don’t be surprised, businesses don’t have to had any BSV in order to use signed transactions to carry data or excute smart contracts.
Pay fiat but sign using your own private key instead. Contact
@mempool_com
if you’re interested.
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finally our evil den is exposed. I think we should considering an emergency transfer.
Paying a visit to
@linzheming
Lin's company office!
@wallet_dot
Innovation and passion for
#BSV
comes from HERE 👀 This is Fuzhou, China🇨🇳
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Due to the higher demand, we have to put in much more chairs then expected. Hope everyone will enjoy the education of hard science.
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当大家表示比特币的设计是用来反政府和反审查的时候，却忽略了一个细节，在最初的比特币设计里，可以使用 OP_TRUE OP_RETURN 的方式来解锁任何 UTXO。这种形式既可以允许法律体系确保独立于「占有」之上的「产权」，又包含了可审计性和可追溯性。(1/2)
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Jimmy was able to do this because they had been roaming without using the hotel WiFi.
CSW and I arrive in China. 🇨🇳
Ready for fully-packed days in Beijing to educate about the power of
#BitcoinSV
#BSV
.
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@JimmyWinMedia
That is the right choice I will be proud of, and I’m willing to face any consequences. Fight and build a better future, through competition.
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What’s honest, you chose your policy and act following the WP and be transparent to other peers.
Not hiding/holding your blocks, no double spending, etc.
The bitcoin system is good enough to fix itself through competition, have faith on that.
Trust and verify.
We do not require direction. We are an honest node, and we will defend the network along with the other honest nodes.
We raised our min fee to provide stability within our abilities.
We’re willing to fight ANY enemy of bitcoin even though we are small.
This is our commitment
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What could
#BSV
do other can’t do?
* protocol set in stone;
* unbounded scalable;
* safe instant transactions and nanopayments;
* full compliance with all existing laws;
and more:
* permission-less collaboration;
* turing-complete script system;
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Strongly agreed, how about 26?
🚨Hard Truth: the ancestor limit is more of a problem for business than the block size limit.
$BSV users are not limited by block size. They are limited by how many txns they can generate before the network stops them.
🐦 Retweet! This matters!
#RaiseTheAncestorLimit
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If we have to scale up to 1M daily users. That would require the users to run Light Client for ethereum, or SPV for BSV.
Overall cost estimation for each ethereum light client node: Total: $0.10518224 per user per day
CPU: 0.15hour of dedicated CPU time per day
Memory: 18
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Something about fully decentralized AMM & SWAP will be very interesting.
They may argue that is not possible on BTC L1.
Sitting on cutting edge technology of PSBTs.
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I want to send my love and gratitude to whom I could not be possible mentioning here, contributing to the bitcoin scalable version, global single source of truth.
Time to put down unrealistic speculation and move forward towards the ultimate goal of unbounded vision.
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We mine, and take the risk of being orphaned. We vote, and actively chose the honest ledger to keep.
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Miners are willing to mine your free transactions, if yours were big enough like normal fund transfer, or reduce the utxo set.
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@lazodoge
@AtomicalsFamily
I like atomically so much, we’ve built an AMM for ARC20. I think Fractal and CATProtocol can help atomicals and AVM.
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「
@dot_swap
技术领先」
感谢金狗博士的评价。
-- DotSwap 作为自 2023 年 8 月上线的 BTC 原生一层 SWAP，也将第一时间加入对符文/福文协议的支持。
当然，不只是 AMM SWAP 支持符文协议啦。我们还有很多。
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Centralization = bad?
Centralization = decrease in competition?
What’s competition between miners? How to measure the competition?
Is Olympic Games less competition than primary school athletic games because there’re less players in the game?
@linzheming
@_Kevin_Pham
@VitalikButerin
@squiremining
@RealCoinGeek
@mempool_com
Significantly increasing the blocksize would cause greater network centralization [1], which is a decrease in competition, not an increase.
Fees can be lowered without increasing the blocksize.
[1]
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We might be able to emulate the whole ethereum in Bitcoin, but we don’t have to. Every application can run an overlay and only care about the data they have to access. Not like world state in ethereum.
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How shall the owner of 1KPSTuJMCMRXrTWHfCwpiRZg1ALbJzh844 to proof themselves? Through another lawsuit case or what else?
Announcement: We're taking action to freeze all block rewards associated with a breach of contract & will be pursuing criminal charges against the entity responsible.
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Meet
@mempool_com
and me at
#BSVMeetup
#Beijing
on 7, Sept. I’ll be very glad to hear and learn from you.
@BitcoinAssn
@Lise0508
@RealCoinGeek
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Building your App based on iOS does not make it successful, why building it on top of bitcoin will make it looking good?
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感谢金狗博士。
我特地去查了一下什么是“马基雅维利主义者”，看来英语不好产生了误解。
表现的像个 Scammer 一样，就管理好了大家的预期，这是借鉴自另一个著名的 Scammer 的灵感（是谁呢？）
DYOR
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He did not understand the competition, and insist the protection from developers. Unlimited does not mean miners will not use limit to protect themselves. Just like unlimited block size, which they did not understand neither.
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@mempool_com
writes coinbase tag to celebrate the 20 million
@sv_weather
transactions.
Oh
@WhatsOnChain
hide the tag, we need to load the transaction details.
Could the coinbase tag be displayed directly?
@WhatsOnChain
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DotSwap is for degens.
The contract is dumb.
I’m retarded.
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UTXO management is very important and basic. Don't claim yourself a bitcoin application if you're not managing your UTXOs.
Proper UTXO management eliminates the need to clawing the whole blockchain to solve conflicts. No more accidentally double spends.
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Tokenomics 部分已经确定，等待官方宣布即可。
代币激励是辅助，产品本身能够创造的价值是基础。
.
@dot_swap
在BSV有技术积累，在BRC20有技术经验，在runes协议大概率也会遥遥领先
最近的两款产品
已上线的BTC-Speed，交易加速非常高效。
Mint Runes，已准备妥当，减半后立即可用
好多人等着明确tokenmics，购入 $DSWP
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重点：流动池大家都是 LP，这是一个多方共赢的局面。
本来用做 Mint 代币的矿工费将被一次存入流动池，不用卷 Gas，一次打到位。社群共识起来，买入卖出都能让 LP 受益。
全部数据链上真实可查。
DotSwap最新发布的支持Runes的Launch Pad，
同时推出了“铸造+流动池”的发行模式；
BTC上的MEME季也会从Runes真正开启吗？
拭目以待。
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Mining empty blocks will be a choice. Rejecting empty blocks too.
@KanoTheTruth
Just like an honest miner who feels this empty block miner is acting dishonestly is within their right to simply not process the transaction of the miner spending any coinbases from their blocks which are empty. Within their power and moral right to boycott dishonest actors.
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More than that, we have other applications from Chinese developers.
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@bc1anakun
Very impressive analysis. Let me try to answer the questions from my previous experiences.
1. 7.68TB SSD worth about 1300USD now and will be cheaper year by year. and you only take care of validating your own token received. Tracker is used to track the newest UTXO, no need to
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Don’t forget that you can swap LIQUIDIUM•TOKEN in any amount, instantly on
@XverseApp
.
Brought to you by
@dot_swap
The LIQUIDIUM • TOKEN is now available on
@dot_swap
!
Simply provide liquidity by locking up $LIQUIDIUM and Bitcoin to earn a yield on $LIQUIDIUM.
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💡Something unexpected and expected, resonable and promising, will be revealed soon(tm).
Still we’re looking for venture capitals to join us.
⬅️ Your retweet is appreciated ❤️.
@dot_swap
$dswp
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Imaging the possibility of bitcoin fi, all based on the most time tested bitcoin technology.
@dot_swap
on bitcoin L1 is just the beginning.
We’re about to shake up the crypto worldwith something HUGE.
Decentralized finance is the future—don’t get left behind.
#Crypto
#DeFi
#BeDeFiant
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Miner can chose which ever fee level they want and take the risk.
TAAL right now chose a fee level and will suffer from being orphaned.
had lost sever blocks due to 0-fee txs which not accepted by other miners long before.
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Sometimes even be argued about”why P2P so early”. My answer is “why not P2P and what is the advantage not using P2P gave you?”
Peer to peer shall be the natural thinking. Paradigm shift there should be.
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For a twenty-million-dollar-daily industry, can’t afford 100TB of storage yearly.
what a joke.
Someone’s mining 4GB blocks on BSV (a fork of BCH, which is itself a fork of Bitcoin). The BSV blockchain has gained over 172GB of data in just 24h. The blockchain is already around 7TB. Only 20 full nodes remain. At this rate the blockchain would be 70TB in a year. 💀
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Want to know more about bitcoin ecosystem? It will start very soon.
🚀 Discover the future of
#cryptocurrency
with Lin Zheming, the visionary founder and developer of DotWallet and
@Dot_Swap
!
👨💻 Dive into the groundbreaking development of , the first Runes AMM swap. Embrace the power of Layer-1 solutions and the
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