Announcements

Please join us for our next Socratic Seminar. A special thank you to our host Primal Burger, for the event space. Please support them by buying their delicious food or a beverage.

If you can't make it to the main event please join us at Lutz Tavern around 9PM here.

Special Thanks | Mentions

  • Thank you to everyone who shows up each month!

Rules

  • Respect people's privacy
  • Chatham House Rules
  • Interaction and asking questions are encouraged!

Requests

  • A guest speaker for July 28 2026

Schedule

  • 6:30pm - 7:00pm: Arrive, socialize, and grab some food.
  • 7:00pm - 8:30pm: Developer Topics and Discussion

Bitcoin Dev News

  • Bitcoin Mailing List - Remove BIP125 RBF Signaling
    • Proposal to remove BIP125 RBF signaling from Bitcoin Core wallet
    • Since fullrbf became default in v28.0, explicit signaling is now redundant
    • Plans to share an informational BIP recommending input sequence numbers
  • Testnet 5 Proposal
    • BIP draft for new Testnet5 addressing Testnet4 usability issues
    • Also serves as a miner playground for BIP54
  • Quantum Secure BIP324
    • Proposal to upgrade BIP324 (P2P encryption) to be post-quantum resistant
    • Current ECDH key exchange is vulnerable to "harvest, decrypt later" attacks
    • Lower hanging fruit than consensus-layer quantum resistance
  • Rust Bitcoin Witness Commitment Check
    • Fix for divergence between rust-bitcoin and BIP-141
    • Blocks with witness commitment must contain exactly one 32-byte witness reserved value
    • Previous code didn't enforce this for non-SegWit transactions
  • Nix Deterministic Builds
    • Bitcoin Core v31.0 can now be built with Nix matching Guix bit-by-bit
    • Includes bitcoind, bitcoin-qt, bitcoin-cli for x86_64 and aarch64
    • Big win for reproducible builds across different toolchains
  • Back to Back Forks
    • Bitcoin had back-to-back forks at heights 949203 and 949204
    • Rare occurrence but not considered special or concerning

LN Dev News

Bitcoin General News

  • ZEC - Exploited for Unlimited Private Coins
    • Orchard Counterfeiting Vulnerability discovered in Zcash
    • Security update published by Shielded Labs
    • 2.9M views on the disclosure announcement
  • Tropic Square Security Vulnerability
    • Ledger Donjon discovered laser fault injection attack on TROPIC01 chip
    • More complex combined attack paths could breach hardware boundary
    • Not a remote exploit, no evidence of real-world exploitation
    • Mitigation measures available for deployment
  • Sparrow Wallet Mobile Yoinked from App Store
    • Craig Raw's Apple Developer account flagged for termination
    • Placeholder app to warn about fake "Sparrow" apps was flagged as "dishonest"
    • Unless reversed by June 30, all new Sparrow Wallet installs will fail
    • Over a dozen fake Sparrow apps have appeared since 2023, causing user losses
  • Trezor Tropic Square Compromise Announcement
    • Ledger Donjon reported successful laser fault injection on TROPIC01 chip
    • Tropic Square found additional method to extract PIN-related secrets
    • User funds are safe - vulnerability cannot access PIN, funds, or wallet backup
    • No action required from users; disclosure shows commitment to transparency
  • Bridge Drained
    • Taiko L2 bridge drained for ~$1.7M
    • Root cause: private key (enclave-key.pem) committed to public GitHub repo
    • Key was used to sign all of Taiko's SGX enclaves
    • Attacker forged SGX attestations on fake L2 blocks
    • Key management failure, not an SGX exploit
  • BIP110 Warning
    • Question about customer guidance for forked Bitcoin implementations
    • Concerns about discarding blocks and not moving chain tip forward
    • Especially relevant for Lightning channel users
  • BIP110 Forking Dynamics
    • 11-step thread explaining BIP110 forking dynamics
    • BIP110 and Standard miners share same chain until rule disagreement
    • Split could happen at lock-in threshold or mandatory signalling

Tech News

  • Trump Quantum Dominance
    • Trump signed 2 executive orders for USA "Quantum Dominance"
    • 2030 & 2031 new deadlines for USA's post-quantum transition
    • Aims to supercharge quantum research
    • White House attempting to get ahead of cybersecurity concerns