MK

=

[MK @Cryptoquest95]

Wow.

[Blockstream @Blockstream]

To those responsible for the theft of bitcoin from the Liquid Network:

Blockstream will not pay a ransom for the return of stolen funds. Taking assets without authorization and withholding their return is a crime, not responsible disclosure. It is not white-hat activity. It is theft.

We have engaged in good faith in an effort to secure the return of stolen user funds and protect the broader Bitcoin community. That effort should not be mistaken for acceptance of the actions taken nor of the terms being demanded.

We will not be a party to the precedent that open-source software developed for the good of the Bitcoin community should subject its developers to paying a ransom that far exceeds their economic participation.

Bitcoin is hard money and can’t be minted without costs, Bitcoin doesn’t haircut users to pay a ransom.

To the Bitcoin community:

We are fighting for what we believe in, for the users whose funds were taken, and for the principles on which Bitcoin was built.

The community has demonstrated incredible resolve with teams of people dedicating their time in support of each other to identify and patch vulnerabilities in each other's products and systems. We are all driven by the mission that Bitcoin is the single best asset, for every person, company, and institution on the planet to invest, use, and build on. The world is a different place with the advancements of AI, and the Bitcoin community has responded with force to combat that threat.

Damage has been done, battles have been lost, but on the whole the Bitcoin community is gaining ground in the war with bad actors.

We want to thank the community for those efforts, for your support in hardening the network, helping users recover funds, and for your support in our assertion that crime does not deserve rewards.

To those holding the stolen bitcoin:

There is still an opportunity to resolve this responsibly. The bitcoin can be returned and we can revert to the standard of white-hat principals.

However, if the funds are not returned, we will pursue every lawful avenue available to us. We will work with law enforcement, exchanges, service providers, forensic specialists, and other relevant parties to trace and recover the assets and identify those responsible.

More importantly, Bitcoin is transparent by design and the community is made up of the most sophisticated engineers, cryptographers, and white-hat hackers globally. Transactions do not disappear, and neither does the evidence they leave behind.

We will not pay for the return of stolen property. We will not abandon our users. The Bitcoin community will not stop pursuing the funds.

Return the bitcoin.

[MK @Cryptoquest95]

@himantabiswa Who bought the lot at auction? Is that private?

[Elon Musk @elonmusk]

Cybercab with no steering wheel or pedals driving around Austin

[MK @Cryptoquest95]

@nytimes Adam Back? lol.

[MK @Cryptoquest95]

@fiatarchive lol

[MK @Cryptoquest95]

@maxkeiser lol bro

[MK @Cryptoquest95]

@Antunes1 A better question to ask is why are you not making millions of your own to help Americans?

It’s a mighty big stone you’re trying to throw in your small glass house there, Antunesちゃん

[MK @Cryptoquest95]

@heartyjames_irl @TheBTCTherapist Isn’t Mow the guy that said Bcore isn’t for people who earn less than $2 a day?

[MK @Cryptoquest95]

@isabellasg3 How about “the Custodian” - mop bucket water and an IOU ticket for your next Bitcoin cafe drink (while supplies last.)

[Mike Komaransky @mkomaransky]

Today is the tenth anniversary of the paper "A Transaction Fee Market Exists Without a Block Size Limit" by @PeterRizun published on Aug 4, 2015.
https://t.co/FuYkrdGP8T
I have referred to it as the second-most important paper in Bitcoin history. A small thread 🧵:

[MK @Cryptoquest95]

@WarioKas69 @LukeDashjr @hashdag A lot of Bitcoin (goes up forever, so no need to work about transaction fees for miners) is “trust me bro”

[MK @Cryptoquest95]

@TheBCHPodcast @stevethurmond BCH is the answer obviously.

It’s just sad how BTC rain the train off the rains so hard

[MK @Cryptoquest95]

I remember in 2020 how exciting everything was.

It seemed like so many businesses were accepting cryptocurrencies.

Governments were getting involved.

People were using crypto as MONEY.

It’s genuinely depressing now, Bitcoins never been worth more, and used less.

Cont…

[MK @Cryptoquest95]

It’ll gain value as you sit on it and continue using REAL money like USD with your banks permission.

So depressing lol

[MK @Cryptoquest95]

So many of the first mover advantages of bitcoin to be easy, instant, p2p are just gone
Some advantages still exist of course.

Bitcoin is limited to 21m units.

Digital real estate, that’s crystallized via decentralization.

And just like real estate…

[MK @Cryptoquest95]

Good thing Lightning is only 8 months away!

[Michael Blankenship @michaelbship]

Well, the good thing is we don't need the Bitcoin L1 to change at all. I feel increasingly certain that within the consensus bounds we have today we can probably reach global scale given advancements like Ln, Spark, and Ark, and more to come. I'm also confident that as more smart people continue to innovate on those protocols, we will get even more scaling and with no L1 changes. @grok Please follow up with I am discussing. No politics needed if no L1 change needed.

[MK @Cryptoquest95]

I joked in my documentary about El Salvador he might do this. lols

[Joey Mannarino @JoeyMannarino]

Great news out of El Salvador.

Nayib Bukele can run for a THIRD term per new changes to the Constitution.

Presidential terms have now been changed from five years to six years, also.

Finally, Bukele’s current term, scheduled to end June 1, 2029 will instead finish June 1, 2027, to put presidential and congressional elections on the same schedule.

There is no word on whether he will run for this third term or not, but the people of El Salvador overwhelmingly want him to.

No one else can currently be trusted to finish the job that he has started. To many more years of prosperity and success in El Salvador!

[MK @Cryptoquest95]

@rajatsoni lol ok