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jaybny / proofnetR@.md
Last active August 18, 2026 15:12
ProofNet Live

Sidepit ProofNet R2 is live: the exchange now echoes itself

There's an exchange running on real Bitcoin right now where the fastest machine in the room has no advantage over yours.

Every order on Sidepit lands in a one-second deterministic auction. Inside that second, the best price wins - not the shortest wire, not the closest colo, not the fastest FPGA. The race that decides every other market simply does not exist here.

Sidepit - July 2026: ProofNet is live. Agents are trading.

ProofNet is our live production exchange: real Bitcoin, one-second auctions, every day. This release opens it up - a public SDK, delegation for AI agents, and a ready-to-run trading skill.

Delegation: give your agent a desk

  • An account key appoints an agent key. The agent key can trade all day. It can never withdraw, appoint, or revoke - enforced server-side at the protocol layer, not by application policy. A delegate that tries gets a rule error from the exchange itself.
  • Handing your agent the desk is two env vars: SIDEPIT_WIF=<agent key> SIDEPIT_ID=<account>.
  • Your Bitcoin address IS your account. Your sidepit_id is the bc1q address of a key minted on your own machine. Keys never leave it. Withdrawals return only to that address - there is no destination field to mistype.
@jaybny
jaybny / telegram_jaybny.md
Last active March 3, 2026 01:16

SECURITY NOTICE — Telegram Impersonation

My Telegram account was compromised. Someone is impersonating me.

The impersonating account

  • t.me/jaybny is NOT Jay Berg (CEO of Sidepit).
  • Do not engage with that account.

What to do (important)

  • Do not click links, send funds, or share any sensitive info.

See video: https://youtu.be/kTl-y6_6z_A

DEXchain

Presenting a bitcoin sidechain with on-chain utility of hedging price risk of future coinbase cashflows for bitcoiner miners.

Futures Contracts

Futures contracts are agreements to buy a specific commodity or asset at a specific price and time in the future. Since the actual transaction does not happen until the settlement date, the buyer does not have to pay the seller until that time. At the end of the futures contract, the buyer must pay the seller the agreed upon price, and the seller must "deliver" the commodity to the buyer.

However, before delivery time, the buyer (or seller), can close the contract by selling (or buying) to somebody else. Assuming the price of the futures contracts trade relative to the underlying commodity, these can be used to hedge risk in the underlying commodity, or to speculate with leverage.

Verifying that +jaybny is my openname (Bitcoin username). https://onename.com/jaybny