ETC is being 51% attacked, lots of reorgs, apparent double spends. I saw twitter posts recommending exchanges wait 400-4000(!) confirmations before crediting deposits. Oohf
Staunch reminder that PoW alone != security, and there certainly is no shortage of only marginally secure coins out there...
I wonder how long this would have to persist in order for some of the big exchanges to delist and abandon some of the 'top 20' sort of coins? That would be a wake-up call for a lot of people.
Ledger has a new product: https://techcrunch.com/2019/01/06/ledger-announces-next-generation-cryptocurrency-hardware-wallet/
Article mentions bluetooth support for phone pairing/use, and 'the ability to store 100 shitcoins instead of just 18'.
Well.. thats two features I don't look for when shopping for a secure storage solution. Phone integration is nice for an 'on the go' sorta wallet, but mobile wallets are already reasonably secure for that use-case imo, I'm not sure having to carry around an extra piece of hardware is worth the marginal security gain. Hmm
I run a business, and we accept Bitcoin. It's a niche business, and BTC payments are fairly rare.
Anyways, we ran a sale for BTC's 10th, and enticed a few customers to spend some satoshis. Interestingly, probably more than half the sales came from customer who admitted it was their first time ever actually using/spending Bitcoin. Got a few "okay.. but how do I send BTC from Coinbase?" sort of Qs.
Felt nice to spur people to engage with BTC more than just "I bought some on Coinbase once"
What are the 'best' nodes to open channels with on the LN?
Is there any software that can accept an xpriv key to create a new wallet?
Storing a new seed phrase for every wallet is cumbersome, and is likely to promote poor security practices. Wouldn't it be nice to just do the due diligence for one seed phrase, and then use different derivation paths for your different wallets/ security levels?
Yea, single point of failure, but even as a method of managing multiple 'hot wallets', it seems like this would be a nice feature to have.
How long until Reddit threads about brain-wallets no longer feature users claiming “if you do it right, it’s secure!”? 😕
I’m kinda sad to see Brave getting hate.
Yea, BAT is useless. Yes, sketchy business practices should be called out (ie the recent misleading donations UI posts).
But, I think the current internet paradigm of ‘sell everyone’s data to marketers!’ is really bad and scary, so anyone trying to build an alternative solution is interesting to me.
I don’t intend that to be an open invitation to build sketchy stuff, I just want to see new ideas do combat with the current Orwellian shit..
In the earliest days of Bitcoin, there were a few exchanges and other services that pulled exit scams, and disappeared with a bunch of their customer's bitcoin.
Its kinda bizarre in retrospect: if you knew about Bitcoin that early, a fairly modest investment would be worth a TON even these days. Why take the risk of stealing from your customers? You could've just bought in and waited a few years... but I guess hindsight is 20/20, isn't it?
Bitcoin trivia: Can you create a LN channel with more than two participants?
Is this the makings of the next bearwhale moment?
Click for answer
The genesis block is hardcoded into the client. When a new node boots up, it doesn't add the genesis block's coinbase tx to the txindex database, and so the UTXO set starts being built in block 2. And thus there is no valid UTXO for the genesis block mining reward!
If I understand this correctly, that also means any coins sent to the genesis block since then are actually spendable, since a valid UTXO would exist for them. A donation for Satoshi!
Bitcoin trivia: you might've heard that the genesis block's mining reward is unspendable, do you know why?
r/bitcoin hit 1 million subscribers
Thats a lot! But I do wonder how many are actual users, compared to bots, abandoned shill/troll accounts, banned accounts, etc.
It might be interesting to see a comparison of active accounts vs total accounts, for r/bitcoin and other similarly sized subreddits.
Without any backing info, I'd guess r/bitcoin has a lower ratio of 'active users'. The incentives to spam/scam are high, I'd expect more 'not a real person' type accounts there.
techno sapien demands techno sovereignty
A mastodon instance for Bitcoin Maximalists.
No scams, no shitcoin, no impersonation, no begging, and no illegal content.
Keep it civil and we should all survive :)