TFTC: A Bitcoin Podcast - #320: Pushing the design limits of bitcoin with Super Testnet

Episode Date: March 31, 2022

Join Marty as he sits down with Super Testnet. Find everything Super creates on his Github Follow Super on Twitter Find out more about Lightning Escrow Shoutout to our sponsors: Unchained Capital ...Braiins HodlHodl Bitcoin 2022 - use the code TFTC for 10% off Download Fountain Podcasts

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Starting point is 00:00:00 what is up freaks it's your boy marty bent here to introduce this rip it's a really good one great great talk this rip was brought to you by our good friends at unchained capital right down the hall for me here at the bitcoin commons in austin they're working on products to help you secure your bitcoin and leverage financial services with your bitcoin using bitcoin's native multi-sig properties. Their vault product is a two-in-three multi-sig in which you hold two keys,
Starting point is 00:00:31 Unchained holds a third key. You always have custody of your keys. If you have custody of your keys, you're going to have full control over your Bitcoin. You can move your Bitcoin out of the vault whenever you please.
Starting point is 00:00:43 They have an IRA product that they rolled out earlier this year, or excuse me, late last year. They have a lending desk that allows you to use your Bitcoin is collateral to get USD liquidity, same-day liquidity. They're building out a suite of products
Starting point is 00:00:58 for Bitcoiners using Bitcoin's native multi-sig properties. If you're the IRA product, you can hold your own keys. Be a multi-sig. It's a beautiful thing. They have a white-glove concierge service that can take you from zero to having a thousand cuck bucks worth of sats
Starting point is 00:01:14 in a personal vault. If you want that, tell them that TFTC sent you. You're going to get $50 off that package again it's a white glove concierge service
Starting point is 00:01:26 they're going to hold your hand throughout the whole process go check out everything Unchained has going on has going on at unchained.com
Starting point is 00:01:33 this was also brought to you by our good friends at Brains give me your Brains Brains incredible team team behind
Starting point is 00:01:51 Slush Pool oldest Bitcoin mining pool in existence they're the TBI Brains OS Plus firmware which allows you to stack more SATs with your ASIC because it allows you to produce more hashes which are imperative to producing SATs
Starting point is 00:02:05 or producing blocks that reward you SATs for participating in that block production if you have an ASIC and you're not running Brains OS Plus firmware on it you're leaving SATs on the table it's as simple as that go to Brains
Starting point is 00:02:21 B-R-A-I-I-N-S dot com check out the Brains OS Plus firmware page and check which ASICs it's compatible with they just most recently launched the S19 series should all be Brains OS Plus compatible What's Miners
Starting point is 00:02:37 apparently very close they've been saying that for quite some time now hey I'm sorry guys I'm gonna dig in until it comes I'm a What's Miner user I want that fucking firmware. Edward. It's me telling you to start whipping the devs. I'm kidding. We don't like violence here at TFTC. They've got an incredible data, mining data page as well. Insights.brains.com. Go check it all out. Brains. That's B-R-A-I-I-I-N-S.com. This was also brought to you by our good friends
Starting point is 00:03:15 The HODL, HODL, HODL, HODL is here to bring you a peer-to-peer lending platform with no KYC, no AML. It also leverages Bitcoin's native multi-sig properties. The way it works is you put your Bitcoin up as collateral in a two or three multi-sig escrow account. You hold one key, your counterparty holds one key, and HODL, HODL holds the third key. You do not have control of your Bitcoin. However, since you hold one key, you have visibility into the wallet so that you can ensure that your sats are not being rehypothecated throughout the duration of the loan. As long as you're paying that loan back, you're going to get your sats back at the end of the day. If you have stable coins laying around, you want to issue them, you want to put
Starting point is 00:03:53 them to work to get some yield, you enter the other side of that marketplace, you lend out your stable coins to Bitcoiners looking for liquidity. They pay you back what you gave them plus interest, which is yield on your stable coins. So go check all this out at lend.hodlhodl.com L-E-N-D.H-O-D-L H-O-D-L.com Again, no KYC, no AML, peer-to-peer.
Starting point is 00:04:18 They're building an incredible product at HodlHodl. Shout out to his team there. Last but not least, this rip was brought to you by our good friends at the Bitcoin 2022 conference. It's a week away, literally one week away from today
Starting point is 00:04:33 in Miami, Florida, April 6th to 9th. It's going to be a massive event. People coming in from all over the world. Bigger than Live Aid. Bigger than the World's Fair. You got Industry Day on day one. Get your whale pass.
Starting point is 00:04:52 If you're in the industry and you want to elbow up with big hitters in the space, days two and three, seventh and the eighth, general conference days. Going to be a lot of talks. So for 400 speakers, many CEOs
Starting point is 00:05:08 a president congressmen senators podcasters named Marty Bent Matt O'Dell we're gonna be there day four
Starting point is 00:05:21 music fest comedy fest a lot of big acts trying to get cake thrown on you you like cake Steve Aoki's gonna be there gonna be throwing fucking cake on you guys i don't know why anybody would subject themselves to that's very degrading
Starting point is 00:05:40 but if you like that sort of stuff it's going to be available to you day four at the bitcoin conference use the code tftc if you haven't bought a ticket yet you're going to get 10 off go to b.tc slash conference and enjoy this rip you've had a dynamic where money's become freer than free If you talk about a Fed just gone nuts, all the central banks going nuts. So it's all acting like safe haven. I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.
Starting point is 00:06:24 I mean, that's part of the bull case for Bitcoin. If you're not paying attention, you probably should be. probably should be yeah i was saying car has been explaining the fact that you're just like this crazy builder you build a bunch of shit well i do try my best yeah what what made you start building like why is your name super test net let's start with that uh my name is super test net because i try to use different um different usernames on various social media platforms and when i was signing up for telegram i was trying to come up with what my name would be for that one and i went through a couple of ideas and one of them came to mind i didn't put
Starting point is 00:07:02 much thought into it i was thinking for like two minutes super testnet came to mind i was like oh that sounds kind of cool i use that that's that's where i got the name super testnet from telegram username it is kind of cool as is your shirt thank you for super is uh and then and then the short is because super people just call you super yeah yeah it's a cool first name people should use it more you're walking around awesomely hey what's up super we've run into each other like on the quarter here like at least three or four times we go to the same place for coffee or i get chocolate milk there but yeah chocolate milk yeah i don't i don't like coffee but i like chocolate milk i it's been a while since i've had chocolate milk but it is actually we just gave my son his first
Starting point is 00:07:39 glass of chocolate milk last week and he thoroughly enjoyed it there you go it's breakfast of champions it really is high protein i used to have milk chugging contests with my brother when uh when we get home from lacrosse practice back in the day that's the way to do it yes but car tells me a car i don't think mysterious is the word he says like yeah there's something about super he just builds just shows up and builds how long you've been building in the bitcoin space uh in the year 2018 i started uh experimenting with building a lightning wallet or not a lightning wallet a regular bitcoin wallet um and i wanted to do that so i could figure out how bitcoin works utxos and management and stuff like that um so that was the first thing i tried tried building
Starting point is 00:08:24 got to the point where it could receive money, but I couldn't send money out. So it's very, very dangerous to use. What happened there? I figured I understood how it worked then. And so the project was finished as far as I was concerned. I didn't need to continue on down that path. Wait, wait, why couldn't you send funds?
Starting point is 00:08:39 Well, I hadn't written the code for it. So they're just locked in there? I never sent any money to it. Oh, okay. All right. So yeah, I think I probably used it on the testnet. And so there's probably some testnet funds in there. Why do you want to learn about Bitcoin specifically?
Starting point is 00:08:55 Because Bitcoin's awesome, man. Bitcoin's the best money ever made, and I wanted to be a part of it. Did you realize it at that point when you started building? Yeah, yeah. I had gone all in on Bitcoin in 2017, so all of my money was in Bitcoin. And I had started to learn programming in 2017, and then wanted to apply that knowledge to Bitcoin. What were you doing before that? Before starting work on Bitcoin?
Starting point is 00:09:20 Before getting into programming. Oh, I was an Uber driver. So I was driving around in an Uber car and making money that way and trying to learn programming on the side. What programming language did you start with? I started with JavaScript. And largely I did that because I'd been making websites since before high school. And so I'd learned a little bit of JavaScript from that.
Starting point is 00:09:46 So I just kept learning what I already had a small foundation in. and then that was that that led into uh learning how to do bitcoin stuff holy shit you're doing some pretty cool bitcoin stuff these days yeah man it's good stuff i mean we're going some really i mean you're demoing next week at bitcoin 2022 for lightning escrow which you're working on with tristan um which is a really cool project yeah yeah that's one of my that's one of the cool things uh that i built that i built for me um so like when i started programming a lot of what i would get from clients was like i would tell people that i knew how to program i made a series of youtube videos on how to do some basic basic programming in bitcoin and then um some people
Starting point is 00:10:29 started paying me to make software for them uh so i like i made the voting page on bitcoin audible if you've ever seen that uh like you can vote up what you want to be his next topic yes yes you did that you did that for guy yeah oh yeah so i made that i did a few similar things like that for clients um and i all along i wanted to make escrow for the lightning network um because there's no way to do or there was at the time no way to do like a two of three multi-sig situation where you can like have you and a third have you alice and bob make a transaction between each other but if there's any disagreement you know carol can come in and arbitrate the dispute there was no way to do that without taking custody but but i knew a way to do it so uh i no no one asked me to do it
Starting point is 00:11:11 Like it wasn't something a client came to me and said, I want you to make this. I was like, I'm going to take some time and make this thing that would be really cool. And then now I have a company based around it. How does it work? So how you knew how to do it? You said you went and built it. What did you build? How does this escrow work?
Starting point is 00:11:26 Yeah. Lightning escrow works through these things called payment hashes. So when you send somebody a lightning payment, you put your payment or you put your money into a type of contract called an HTLC hash time lock contract. and the terms of this contract say that um like let's say alice is paying bob bob can withdraw the money immediately if he provides alice with something called a pre-image um which is like a random 32 byte string um but it serves as a receipt it's him saying all right i received the money um so he can withdraw the money if he provides that to her or she can wait two weeks
Starting point is 00:12:02 and then she can take it back if he doesn't give her a receipt um with this pre-image so what we

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