London
Joined February 2012
Tom Trevethan retweeted
LIQUID NETWORK UPDATE: OPERATIONS RESUMED, RECOVERY ONGOING Status as of September 10, 2026, 10:00 UTC Recovery Status The Liquid Network has entered the next phase of its controlled resumption. As a precautionary measure, block production has resumed without transactions while the network is monitored to confirm full stabilization. Blockstream confirms that the required functionary and bridge node updates have been successfully deployed. Functionary nodes are signing and validating blocks as intended. Peg operations, including PAK-authorized peg-outs, remain suspended while work continues on the final recovery stage: restoring the BTC/LBTC reserve is in progress. Reminder: Beware of Scams There are reports of scammers attempting to exploit the situation through fraudulent update sites and messages. Please rely only on official Liquid Network and Blockstream channels. Never send funds or disclose private keys or seed phrases in response to unsolicited communications. Thank You The Liquid Federation and Blockstream sincerely thank the broader Bitcoin community and security teams for their assistance and continued support during this challenging time. Safely restoring full operations remains the highest priority.
LIQUID NETWORK UPDATE: NEW RELEASE Status as of September 9, 2026, 13:30 UTC Update to Elements v23.3.4 The emergency Elements v23.3.4 release is now available. Functionary nodes are being updated immediately and we recommend all Liquid node runners do the same. This release addresses the proof-verification cache vulnerability, hardening the cache keys used for range proofs. Elements v23.3.4 has undergone multiple rounds of internal and external review, including by the Bitcoin Red Team, Alpen Labs and others. Blockstream sincerely thanks these teams for their valuable review and collaboration. Liquid Network Recovery Plan The recovery plan remains under active development and may be revised as testing and validation continue. Based on current assessments, the anticipated stages are: 1) Resume block production while peg operations remain suspended. 2) Replay transactions verified as valid. 3) Resume peg operations once the network state has been fully restored including a return of funds. Blockstream is testing the procedures for the first two stages in parallel. While the current plan anticipates proceeding in the order above, the sequencing and implementation may be adjusted based on the results. No stage will proceed until it is considered safe to advance. Beware of Scams There are reports of scammers attempting to exploit this situation by misleading users with fake update sites. This is a reminder to only rely on official Liquid Network and Blockstream channels, and never send funds or disclose private keys or seed phrases in response to unsolicited messages. We again thank the broader Bitcoin community and our research collaborators for their continued support and assistance. Safely restoring normal operations remains the highest priority for the Liquid Federation and Blockstream. github.com/ElementsProject/e…
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I'm so relieved that my 12 year old son is now going to be protected from @3blue1brown and @Erdayastronaut videos on calculus and rocket engines. But my deepest fear is that he has already learnt too much about computers and may figure out how to use a VPN.
🚨 WATCH: Keir Starmer says under-16s in the UK may get around his social media ban "But we don't say, 'oh look, a teenager managed to get a drink somehow' - let's not bother banning alcohol sales to children"
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Tom Trevethan retweeted
There are a lot of idle boasters popping out of the wordwork who want you to think they could solve all the world's problems with a trillion dollars. They come in two types. - The ones who want us to give the US government an additional trillion dollars, because apparently what we really need, to fix all the problems, is to simultaneously bomb the third bomb and import all of it to America. Even faster. - And the ones who want us to give them, personally, a trillion dollars. Usually they are pretty shy about telling us what, if anything, they have done for us with the wealth they already have. Personally, if someone has big ideas, and thinks we should all put him in charge, I'd like to see how he does running, say, a small sandwich shop, before we hand him the reins of any real power. The words "I could do better" cost very little to say. They also prove very little, because literally anyone can say them. What would I do with Elon Musk's trillion dollars? Probably about what he did: invest in building science-fiction technologies and making them fact. Perhaps a slightly different list of technological priorities, but same basic idea. That's about the best I think a man can do for his species. Buying stuff that already exists and giving it to people doesn't create anything new. It doesn't move the ball forward. It just kinda fiddles with things as they are. I would rather fix suffering than distribute it evenly.
I really don’t understand true greed. If I was worth $1 trillion, you’d have to physically stop me from solving as many of the world’s problems as possible. Everyone would have a home, food on the table, proper healthcare, happiness. I just don’t get it.
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Tom Trevethan retweeted
📈The Way Up | A Net Zero Watch Short Film Join @ColinBrazierTV on a journey through Britain’s energy transformation as he looks at how energy abundance spawned the modern world. Produced by @OutpostStudios 🎥
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People kept asking "what's the solution?" as if the only two options are ignore the problem or panic-commit bad cryptography into consensus forever. That framing is wrong. Bitcoin's problem is not that quantum risk exists. It's that cryptographic mistakes are asymmetric: you can't easily roll them back because Bitcoin is a consensus system with almost irreversible state. Once you ossify a bad cryptographic choice into consensus, you don't get an easy do-over. the challenge is technical + governance + ecosystem coordination, not 'just ship a library update.' So the correct approach is boring, incremental, and deliberately unsatisfying to people who want a dramatic announcement. STEP 1: Stop pretending timelines are unknowable magic. Quantum risk does not arrive as a jump scare. A cryptographically relevant quantum computer requires: ▶️ sustained logical qubits, ▶️ fault tolerance at scale, ▶️ massive physical infrastructure, ▶️ and long lead times visible to the entire scientific and industrial world. That doesn't mean 'never', it means no emergency today. STEP 2: Reduce exposure without touching consensus The majority of realistic quantum theft scenarios rely on published public keys and address reuse. That is already known and already fixable. ▶️ Run your own node (don't leak XPUB). ▶️ Stop reusing addresses. ▶️ Move high-value UTXOs into scripts that don’t reveal pubkeys until spend. ▶️ Audit legacy outputs that are unnecessarily exposed. Besides p2pk this removes attractive targets without any protocol change TODAY. STEP 3: Build a contingency rail, not a final religion You don't need to pick the One True Post-Quantum Signature™ today. What you do need is: ▶️ a minimally viable PQ signature path, ▶️ engineered as an escape hatch, ▶️ that can be activated if external signals actually change. Again this is preparation, not commitment. STEP 4: Treat bandwidth and verification costs as first-class constraints Post-quantum schemes are not free: ▶️ signatures are larger, ▶️ verification is heavier, ▶️ blockspace is scarce, ▶️ node costs matter. Bitcoin's security model depends on cheap validation and decentralization. Any solution that hand-waves this away is already disqualified. 'We’ll optimize later' is not a fucking plan. STEP 5: Give the ecosystem time to coordinate correctly Unlike centralized systems like Solana or Fedwire, Bitcoin cannot: ▶️ mandate key rotations, ▶️ silently patch clients, ▶️ or roll back failures. Wallets, exchanges, miners, custodians, hardware devices, and users all need time to implement, test, and deploy changes correctly. Rushing this doesn't increase safety - it virtually guarantees losses that exceed any realistic quantum risk in the first place STEP 6: Only lock in consensus when the threat is real When credible signals appear i.e. actual machines, actual capabilities, actual demonstrations, Bitcoin can and will move. History already shows this. Sure one can argue that since national security is involved not every advancement will be known to the public, but you can bet your ass there will be plenty of canaries dropping long before the endgame. In addition breakthroughs don't stay secret when the next VC bridge round depends on proving you've done more than factor a toy-sized number Until then, pre-emptively violating Bitcoin's invariants to feel responsible is cargo-cult security engineering. Tl;dr ▶️ Acknowledge the actual risk. ▶️ Reduce exposure today. ▶️ Prepare a contingency path. ▶️ Don't ossify immature crypto. ▶️ Don't confuse urgency with virtue. Bitcoin doesn't need panic. It needs adults who understand that doing nothing forever and doing the wrong thing early are both failure modes. Only one of them is irreversible. And we have a lot of adults working on this like @ClaraShik, @Ethan_Heilman, @cryptoquick, @real_or_random, @n1ckler, @kudinov_mikhail... If you prefer signal over VC-driven fearmongering, those are good follows to improve your timeline.
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Nuclear uses 1,000 times less land than wind or solar. On a small, beautiful island like ours, that matters. If Labour were serious about nuclear they’d back our amendments to scrap the environmental regulations that simply add costs and do more harm than good to nature.
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Tom Trevethan retweeted
A whole lot of BS political views basically amount to assuming that life in our hard won civilisations is just the way things are, and that you can simply remove the foundations. Only a society protected by vaccines produces anti-vaxxers. Only a society with a strong military produces pacifists. Only a society with large scale industrial farming produces organic foodies. Only societies with cheap energy produce degrowthers. You don’t get to enjoy the ends whilst condemning the means, and still be taken seriously.
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Tom Trevethan retweeted
Every day in this country, there is a whole new group of people figuring out why the Americans put that amendment first.
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There’s been some confusion about what @mercurylayer is (and isn’t). The original concept explored a mechanism to send private keys via adaptor signatures. However, this wasn’t feasible at the time due to the lack of Schnorr signatures, plus the complexity of passing an adaptor signature between owners. The key innovation of @mercurylayer is the key update mechanism, allowing a private key to be updated while keeping the public key the same, enabling off-chain transfers. Later, we advanced this to make the process blinded.@TTrevethan #bitcoin #layer2
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Surprised to see you tagging Andreas in this conversation while breaching the actual ethos of open source software (esp in Bitcoin) and not crediting a single second the work of @mercurylayer @TTrevethan and @gregory_nico that’s been years in the making (since early 2020). :)
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Tom Trevethan retweeted
Replying to @gregory_nico
All thanks to the work that mercury has done. Wouldn’t have been possible otherwise
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Agree here that Arkoor is not custodial, even through there is a trust assumption - and this is an important distinction when it comes to the legal status and obligations of an ASP. 1/5 xitter.cf/stevenroose3/status/18… @super_testnet @stevenroose3 #ark #bitcoin #layer2 #mercury
So, effectively it's a race to the bottom between the duped user and the ASP which in Bitcoin means that either side lose all and the miners will take it all. Arkoor is not a fully trustless model, but it's far from being custodial. At no point can the ASP steal the money 5/5
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Another point being raised is that arkoor transfers are only ‘temporary’ between rounds, and so it’s of less consequence to trust the ASP. Not sure about this - I don’t think it reduces the opportunity for a malicious ASP to steal, assuming a high proportion/volume of arkoor payments. 4/5
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But in any case, like with mercury, there is a huge incentive to behave honesty for any significant and reputable ASP, as any dishonesty is verifiable and would destroy its reputation. 5/5
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Lightning network of bitcoin, viewed under a node classification model...
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Lightning network of bitcoin neural network model classifying nodes ...
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Just recorded with @TTrevethan, covering: • Bug in @mercurylayer • New @mercurylayer developments • Package relay & its benefits for @mercurylayer • Our work @commerceblock with the Lightning Network • Privacy in Bitcoin • Bitcoin adoption in the UK”
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