Woof
"You can't trade stocks on Bitcoin."
Same L1: OP_RETURN + covenants.
@Universal_fdn with syntax BRC-20 carries the claim.
Simplicity writes the rules.
@LaMachina777 opens the perp on that ticker.
Margin is pure BTC. No wrapped IOUs. Not a "synthetic equity" scam.
Just a deterministic claim (from $GME to a pre-IPO) you long or short once the covenant indexes it.
TradFi LARPers said you can’t recreate @RobinhoodApp on L1.
The UTXO is the venue. Shall we push this to mainnet and break the casino?
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DOG TO THE MOON retweeted
"You can't trade stocks on Bitcoin."
Same L1: OP_RETURN + covenants.
@Universal_fdn with syntax BRC-20 carries the claim.
Simplicity writes the rules.
@LaMachina777 opens the perp on that ticker.
Margin is pure BTC. No wrapped IOUs. Not a "synthetic equity" scam.
Just a deterministic claim (from $GME to a pre-IPO) you long or short once the covenant indexes it.
TradFi LARPers said you can’t recreate @RobinhoodApp on L1.
The UTXO is the venue. Shall we push this to mainnet and break the casino?
DOG TO THE MOON retweeted
The Covenant is the Consensus.
Bitcoin didn’t ask for permission to become sovereign. We simply removed the last gatekeepers.
No more trusted oracles.
No more multisig committees.
No more "trust me bro" DeFi. Only covenants.
Only thermodynamics.
Only immutable math enforced by the ledger itself.
The Covenant is the Consensus.
medium.com/@wbtcdotlol/preco…
DOG TO THE MOON retweeted
The confusion comes from applying the Ethereum account model to a Bitcoin covenant system.
In Ethereum, a contract executes arbitrary state transitions when authorized by a signature.
The user must trust the contract logic.
PRECOP operates under a completely different model. A signature does not authorize arbitrary execution.
It only proposes a candidate state transition.
The transition is validated by Simplicity covenants embedded in a Taproot MAST, which enforce deterministic constraints on the transaction structure.
These constraints verify:
• the collateralization invariant
• the structure of outputs
• the allowed state transitions
For example, if a user attempts to redirect funds to an unauthorized output, Simplicity introspection primitives (such as output script hash checks) invalidate the transaction path.
Similarly, if a mint violates the 150% collateral ratio, the invariant fails through deterministic arithmetic checks. The oracle does not execute contract logic.
It only provides authenticated price data of the form: Price || Height This signed value becomes an input to the covenant verification.
Execution remains entirely deterministic and enforced by the UTXO covenant itself. In other words: PoW-secured oracle layer deterministic covenant execution Users propose transactions.
Oracles attest to external state.
Covenants enforce the rules.
No discretionary execution is involved.
DOG TO THE MOON retweeted
BRC-20 IS great again on OP_return
While you’re still begging for pre-IPO perps…
I just open a CDP.
Collateral drops → liquidate.
Valuation pumps → mint more. That’s it.
Pure covenant math.
No committee.
No bridge.
No permission.
Pre-IPO on Bitcoin L1 is just pump logia with extra steps.
KISS.
$BTCDAI already knows how to do it.
DOG TO THE MOON retweeted
The SEC is trying to bring ICO’s back. ¯\_(ツ)_/¯
sec.gov/newsroom/speeches-st…
DOG TO THE MOON retweeted
ICOs just got the legal stamp. Time to weaponize the Bitcoin L1.
Building the ultimate sovereign launchpad for @Citadelxbt & @universal_fdn.
No trusted multisigs. No VC bridges. Pure covenant math.
You beg for permission. We just deploy state. 🧵👇
DOG TO THE MOON retweeted
While the ecosystem burns, @xverse @janbtc @YukanL
have chosen the strategy of silence. It won't save them.
The architectural rot is systemic. I just mapped the risk surface of xverse-core. Five distinct HIGH-severity control-plane failures validated.
Ignoring responsible disclosure doesn't patch your core. We are waiting, but the active drainers won't. The clock is ticking
It’s a classic cycle: @unisat_wallet and @xverse race to build the most profitable features, while completely ignoring the fragile foundations they stand on. 🃏
A gentle reminder to the industry: Surface-level patches aren't architecture. Hire real professionals to audit your core, or die with the rest of the negligent protocols.
Your mandate is to protect user funds, not your valuation. The clock is ticking for everyone. ⏱️🏴☠️
DOG TO THE MOON retweeted
You were told Bitcoin can’t do smart contracts.
We didn’t listen.
We built covenants that enforce math better than any EVM
DOG TO THE MOON retweeted
I just mapped out the 7 vulnerabilities of the Ordinals apocalypse. 🐇
I can certify the base entropy isn't backdoored, but the local trust model (Vault, plaintext RAM, Blind Signing) is a disaster. This is exactly what happens when Web3 engineers use a Web2 mindset to rush a product for the Ordinals hype. You aren't cryptographers.
But I’m here to build, not destroy. Building an empire on patched libraries guarantees users will get silently siphoned, and we need to prevent that. @unisat_wallet, I'm keeping the technical payload private so we can collaborate. Let's join forces, fix this house of cards, and secure the ecosystem properly.
DOG TO THE MOON retweeted
The deeper I look into the current wallet ecosystem, the worse it gets. Cross-platform solutions are silently compromising entropy generation. This isn't just about one asset class; RGB and other emerging protocols are built on these same fragile foundations. Stop sacrificing cryptography for convenience. (¬‿¬)
Woof
It seems the whole Bitcoin Web3 space shares the exact same birth defects.
@xverse, your production core just failed 12 consecutive integration tests in our lab. The same disastrous entropy practices, the same blind trust models.
I don't burn empires, I build them. I'm not dropping the technical payloads publicly because the ecosystem needs fixing, not crashing. Read your DM. It's time to play together in the sandbox. Chaos is healing. (¬‿¬)
@YukanL @xverse @Xverse_Support
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