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· transcript tracks the video
“hardware wallet” · 2 mentions
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15:25
01:08:49
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01:07:39
yeah to launch their fork which is still
01:07:42
in the top [ __ ] 5 right and and
01:07:48
people run the exe and they put their
01:07:51
keys in there and magically luckily they
01:07:53
don't get the living [ __ ] robbed out of
01:07:55
them you guys need to stop doing that
01:07:57
[ __ ] right so Bitcoin hacks doesn't want
01:07:59
you to send a transaction anywhere we
01:08:03
don't want you to send a Bitcoin
01:08:07
somewhere all you need to do is use a
01:08:10
feature that's built into any
wallet
01:08:12
that you use that's good
01:08:14
any Bitcoin
wallet
that is good as a
01:08:16
feature called
01:08:17
sign signature okay so when you have a
01:08:20
Bitcoin address you can send you can
01:08:23
receive and there's this other cool
01:08:24
third feature that's been there forever
01:08:26
called
01:08:27
sign statement make a signature okay so
01:08:32
all you do is you write claim to your
01:08:37
Bitcoin hex address which is just on
01:08:39
aetherium address
01:08:40
which you get when you install this
01:08:42
metamath browser extension or you could
01:08:46
just have your own [ __ ] aetherium
01:08:47
address however you have it maybe you
01:08:49
have a
hardware
wallet
I don't care how
01:08:50
you get your theorum address right I
01:08:52
prefer to call it a bhx address because
01:08:54
I prefer to capture all the value myself
01:08:55
then give it to the commoditized
01:08:57
substrate right UPS makes money the
01:09:01
roads don't make as much money as UPS
01:09:03
cisco makes routers they don't make much
01:09:05
as much money as Amazon the value gets
01:09:07
captured at higher levels of the value
01:09:09
chain the longer the system has been in
01:09:11
existence because the lower levels get
01:09:13
commoditized I'm more than happy to see
01:09:14
aetherium transactions be very cheap I'm
01:09:16
more than happy to see all the other
01:09:18
daps fail I'm more than happy to see
01:09:20
eath price go so low that people have to
01:09:22
accept Bitcoin hacks is payment for
01:09:24
mining that's fine for me the codes
01:09:26
already there you want accept any RC 20
01:09:28
to pay for mining to get your
01:09:30
transaction into a block it's their cool
01:09:31
right so I don't like calling the bhx
01:09:35
address and aetherium address but
01:09:37
unfortunately it is so you just sign a
01:09:41
statement your Bitcoin
wallet
that says
01:09:42
claim to your theorem address and that's
01:09:47
it that's all the text yeah now you
01:09:50
could [ __ ] yourself if you copied over
01:09:52
some really advanced text that actually
01:09:54
was some giant long like actually I'm
01:09:57
sending a Bitcoin right so there's a
01:09:59
warning and next to it it says don't
01:10:01
sign any [ __ ] that seems weird it's like
01:10:03
sign things that are short and sensible
01:10:06
right so claim to your theorem address
01:10:08
ain't no way you can get hacked on that
01:10:10
[ __ ] you don't have to send your
01:10:11
transaction anywhere you know you never
01:10:13
have to move your bitcoins now so what
01:10:16
have you done you've proved that you the
01:10:19
message signer owns some Bitcoin and an
01:10:21
address
01:10:22
you choose which address you signed from
01:10:24
write it for this system you need to
01:10:26
make a signature from every address you
01:10:28
want to claim from if you have a lot of
01:10:30
addresses you're going to be signing a
01:10:31
lot of signatures you can click Andres a
01:10:33
lot right or you could just send all
01:10:35
your money to one
wallet
and just do it
01:10:37
once right so now you've got to tell the
01:10:42
smart contract the checks that you had
01:10:44
Bitcoin and knows were to give it
01:10:46
because you told it hey I had Bitcoin
01:10:48
and here's my address send it there
01:10:50
someone has to get that into that smart
01:10:53
contract to do the processing
01:10:54
your money right so we built the system
01:10:57
so that anyone could pay your
01:10:58
transaction fee because I'm not trying
01:11:00
to pump user price
01:11:01
I don't want East price to go up I don't
01:11:02
want Bitcoin users to have to buy
01:11:04
aetherium ever right so if someone else
01:11:06
wants to pay your fee to in gas which is
01:11:10
aetherium to submit your transaction
01:11:13
which is in between 3 and 30 cents
01:11:14
depending on you know the day and the
01:11:17
busyness or it could be zero cents if
01:11:19
you're willing to wait a while anyone
01:11:20
can pay that for you so is a claimant
01:11:23
you should be able to just go in your
01:11:24
Bitcoin
wallet
01:11:25
paste your aetherium address click sign
01:11:27
click copy click paste into the Bitcoin
01:11:30
X website with a meta mass extension and
01:11:32
then someone will pay your fee for you
01:11:34
because lucky you and then your you'll
01:11:37
be credited and that's it so it's
01:11:39
trustless it's verifiable there ain't no
01:11:42
hidden inflation everything from here
01:11:45
was the UT Exocet that we copied at this
01:11:47
block height here the [ __ ] we
01:11:49
removed and Y here are the people that
01:11:51
were Wales that got reduced by 75% for
01:11:54
having over 10,000 coins by 50% for
01:11:57
having over a thousand coins alright so
01:11:59
those those have to be manually
01:12:01
processed so the reduction in claims for
01:12:04
being a whale and the reduction it's
01:12:07
called the silly whale penalty because
01:12:08
you could avoid it you could just split
01:12:09
your
wallet
into
wallet
s under a
01:12:11
thousand and you wouldn't apply to you
01:12:13
but if you have been listening to me for
01:12:14
the last however many months I've been
01:12:15
preaching this and you come to go get
01:12:17
rich on my project at the last moment
01:12:20
[ __ ] you you should have been here
01:12:22
earlier with everyone else right or
01:12:24
helping me build it but where were you
01:12:25
so now you can get rekt so if you're
01:12:30
smart will you shard your
wallet
s in the
01:12:31
less than a thousand and they have to
01:12:33
start with a 1 or a B C 1 so address is
01:12:37
a start with 3 we can't do any
01:12:39
programming logic and a serum with its
01:12:41
sum it's the blocks the etherium network
01:12:44
isn't strong enough to process Bitcoin
01:12:46
script and any Bitcoin addresses starts
01:12:48
with a 3 use a script multi-sig
01:12:51
compatibility mode segue so we can
01:12:54
process addresses to start with 1 normal
01:12:56
addresses paid a script hash paid a
01:12:58
public key hash I'm sorry paid a public
01:13:00
key hash or paid a public key we can do
01:13:02
this addresses start with one or if
01:13:05
yours is the newest best one which is
01:13:07
pure seg wit which isn't
01:13:08
compatibility mode you can do that
01:13:10
through Elektra more coin Oh me they
01:13:11
both create and allow you to transact in
01:13:14
new real-deal segment BC one if your
01:13:18
address isn't either of those and you
01:13:19
can sign a statement you can claim so
01:13:22
trustless verifiable no downloading a
01:13:25
wallet
and getting hacked I mean in
01:13:28
theory maybe you could find some hacked
01:13:30
meta mask
wallet
to download I haven't I
01:13:33
guess you could still manage to [ __ ] up
01:13:35
somehow but well it's it's less [ __ ]
01:13:38
up I'm gonna make video guides for it
01:13:42
this it's really easy I'm gonna I'm
01:13:45
gonna just tell you how easy it is open
01:13:47
your Bitcoin
wallet
go to your Bitcoin
01:13:50
address a Bitcoin in it click sign
01:13:52
message paste your etherium address in
01:13:54
there click sign click copy paste that
01:13:57
[ __ ] in the Bitcoin hex website click
01:14:00
that's it you're done you just need to
01:14:02
have meta masks installed cool makes
01:14:04
sense so to recap you're not sending
01:14:07
your bit thing to anybody no you're
01:14:08
proof that you own Bitcoin yeah and
01:14:10
you're you're requesting to be added to
01:14:13
a wide list on this aetherium smart
01:14:15
contract which is Bitcoin hacks and it's
01:14:17
the white list of people that are
01:14:18
participating in Bitcoin hacks and then
01:14:21
there's also a black list of people that
01:14:23
you sort of removed because either way
01:14:25
only the bad players see their Satoshi
01:14:28
and he has too many coins
01:14:29
well more or less it's kind of right
01:14:30
it's just that there's just no whitelist
01:14:32
and blacklist
01:14:33
there's just the the code just runs so
01:14:35
like once that code is there no one can
01:14:38
[ __ ] with it I can't change it I can't
01:14:39
edit it I can't control it
01:14:41
it's it's so distributed that not even a
01:14:43
single human can [ __ ] with it it's just
01:14:45
what like it's raining wheel on it
01:14:47
alright there's no there's no private
01:14:50
functions they're all public functions
01:14:52
there's no magic numbers in there
01:14:54
there's no like hidden factoring of some
01:14:56
primes that I could have been for the
01:14:58
last ten years like working on factoring
01:15:00
a certain prime and then like stealing
01:15:02
from the contractor that way like none
01:15:04
of that [ __ ] it's audited which by the
01:15:06
way bitcoin is not audited there ain't
01:15:08
no external [ __ ] Bitcoin security out
01:15:10
of it Wow there's not even an external
01:15:13
yeah that's working really well there's
01:15:18
not even an external audit on etherium
01:15:19
there is an external audit
01:15:21
the ERC 20 package I'm using and there
01:15:25
will be an external on it and the
01:15:27
massive amount of modifications we've
01:15:28
had to do to do all this cool game
01:15:30
theory stuff so it should be more secure
01:15:33
because we paid for it to be more secure
01:15:35
when you go get an audit they quote you
01:15:37
67 in grams at the top end I've got like
01:15:40
five or six quotes for fifty or sixty
01:15:42
seven in grant to do the [ __ ] audit
01:15:43
so let me know when someone parts with
01:15:47
sixty or seventy grand to go out at
01:15:48
Bitcoin and it will probably be a lot
01:15:50
more expensive looking at Bitcoin right
01:15:54
late notice having a professional audit
01:15:58
done by people that do it for a living
01:15:59
is nothing compared to a guy in his
01:16:01
underwear eating Cheetos it's just
01:16:03
[ __ ] around with some part of the
01:16:04
code he's working on and notices
01:16:05
something which is how all those bugs
01:16:07
get found and sometimes they do fuzzing
01:16:09
and find some [ __ ] sometimes yeah I
01:16:14
should have a better answer for that but
01:16:15
okay hey Bitcoin cool Bitcoin is still
01:16:18
the most secure blockchain if you value
01:16:21
hash rate bitcoin is still the most
01:16:23
viable blockchain if you value thick
01:16:24
order books bitcoin is still the most
01:16:26
valuable a chain if you value regulatory
01:16:28
certainty Bitcoin still the most viable
01:16:30
boshane if you like access to the
01:16:33
futures markets and larger entities that
01:16:36
have agreements for like custody and
01:16:38
[ __ ] the coin still got a bunch of
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