so you're telling me the guy who patched the zcash exploit had the chance to mint a couple billion free zec right before the fix and we're just supposed to assume he didn't
i don’t like the attempt from some insiders to paint the zcash bug disclosure as “heroic”
it’s not heroic. it’s a systemic problem
yes they paid a smart researcher to find bugs and he did. that’s great
but the issue isn’t that the bug existed
the issue is that zcash, unlike almost any other cryptocurrency, enables a unique class of bugs, where if they’re exploited no one would know
this unique class still exists. the fact that they fixed this specific bug is immaterial. mythos could find 8 others. and then mythos 2
bugs can exist in all cryptocurrencies. they can exist in btc or eth or sol. but if someone exploits them we will IMMEDIATELY KNOW and limit the damage
with zcash, when someone secretly finds a bug and exploits it, WE WILL NOT KNOW
imagine if the kelpdao hack was exploited but it somehow magically wasn’t visible onchain. the attacker stole 300m but no one would know. and aave and other apps would assume everything is fine not knowing that they secretly have a hole in the balance sheet. how much wider would the damage have spread by the time we found out?
this is the real issue. not a specific bug. the systemic vulnerability: if a hack happens, we won’t know until much later
and a lot of zcashers have been trying to downplay the severity of this fundamental issue for years (including yesterday when this was first disclosed but played down)
regardless of this specific bug, i don’t think zcash is a safe place to store meaningful wealth long-term, until the design fundamentally changes
i wish zcashers were more open about that. that would’ve been heroic
1/21 There is this claim that comes up a lot that a soft fork will win, even if it starts out with a minority of the hashrate upon activation. Let’s dig into that for a bit: 🧵
@KSimback This is beyond retarded. PoW has to be useless by definition. Why, you ask? Because otherwise you could 51% attack the network without economic cost.
Übermorgen ist es wieder soweit!
Bitcoin Socratic Seminar Online #20.
Mittwoch, 27.05.2026, 20.30 Uhr
Den Link zu Jitsi findet ihr in der Leseliste:
https://t.co/rQ6UzH5J4R
Just stumbled across https://t.co/e7aTwFHxgA, an excellent Bitcoin metrics site with over 22,000 charts.
Even better, it's all open source so you can run your own version locally. The project is called Bitcoin Research Kit by @_nym21_
OP_RETURN situation continues to remain SHOCKING:
Last week, OP_RETURN outputs with sizes greater than 83 B made up again OVER 0.000075% of the total OP_RETURN output count and OVER 0.14% of the total blockspace taken by OP_RETURN outputs!!1
https://t.co/oG0hwlpyh4
You dont want a yacht. You dont want a big house. You dont want a super car, a $40,000 watch, or shoes you worry about getting dirty. You want free will.
You want to wake up naturally on a Tuesday and you want to go to bed when you’re done having fun. You want to say yes to everything that excites you without having to request time off. You want to go to the the gym at noon, in absolutely no hurry. You want to spend 18 hours a day doing what you love. You want to be exactly where you desire being, always. You want to spend as much time with the people you care about as possible.
You’re saying you wanna be rich? In what?
RIP Bitnodes!
The OG Bitcoin node crawler that operated for over a decade.
Also one of the first projects to release plug & play node hardware.
Expect many other Bitcoin node counting sites to break now because they were just ingesting Bitnodes' data.
https://t.co/UnzBNxTZnY
@brian_armstrong If I was managing one of the largest crypto exchanges in the world, managing assets on behalf of soverigns and institutions, I would not be letting my technical staff vibecode... idk, but that's just me
Project Eleven paid 1 BTC for a "quantum break" of Bitcoin-style crypto.
The quantum computer contributed NOTHING (noise)!
The answer was recovered by a classical checker sifting random noise. I reproduced the whole thing in 20 lines of Python with no quantum computer at all.