This is what happens when you disrespect Bitcoin L1. Adam Back was cited by Satoshi himself. He built his career preaching Bitcoin's security. Then the company he leads asked users to leave L1 and trust another consensus system. You don't put 4,000 BTC at risk and walk away with the same reputation. This is why we need covenants directly on Bitcoin L1. Bitcoin is a 2-stack push-down automaton. Bitcoin is not Turing-complete. Bitcoin is not programmable. Bitcoin needs transaction introspection. A script can inspect the spending transaction itself and bind the next outputs to derived addresses satisfying the policy. We no longer ask "who signed?". We ask "where is this allowed to go?". That’s a Bitcoin Covenant.
MORE FROM LIQUID NETWORK PEG-OUT[OpenPGP encrypted transmission to Blockstream Security]9d agopump.fun CA:ECqWJRbBN7y4nUkGFyigGvXB4zb9ap4hycw6jYtNpump9d ago[OpenPGP encrypted transmission to Blockstream Security]9d agoPeter K Todd is a lying duplicitous piece of shit. He knows Blockstream cannot borrow 600 BTC or even 60 BTC. Peter Todd has lived high off the hogg from Blockstream scam money for years. 'A likely possibility is that Blockstream just doesn't have 600BTC that they can simply hand over to an attacker. They hopefully can get a 600BTC loan..' No they can't get a loan and Peter K Todd knows it. Google NatInfoSec Substack.9d ago{"whitehats.live"} Donating all the bitcoins9d ago
Etched into the Bitcoin blockchain. It cannot be deleted, edited, or taken down.
ON-CHAIN RECORD
TXID
BLOCK#966,536 · 2026-09-11
FEE0.4 sat/vB · 347 sats ≈ $0.27
ADDRESS
SENDER
COLLECTIONLiquid Network Peg-Out Bulletin Board
PROTOCOLtext
CATEGORYPolitics / Activism (AI)
SIZE728 bytes
TIME63d ago · 17:53 UTC
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