New pin Tweet.
My take is BTC starts slowly grinding up from Oct and breaks out strong towards eoy before starting its uptrend to new ATH 2021 aka 2017.
Then the party really starts🥳
Yes, Bitcoin had a close parallel in 2010.
**Value overflow incident (Aug 15, 2010, CVE-2010-5139):**
Block 74638 contained a tx that created ~184 billion BTC due to an integer overflow bug when summing outputs (64-bit signed int wraparound). The bad tx was mined.
Satoshi released a patched client within ~5 hours with a soft-fork rule rejecting overflow txs (and >21M outputs). Nodes/miners upgraded quickly. The “good” chain overtook the bad one by block 74691. The invalid tx was orphaned; supply cap held. No permanent inflation or lost user funds.
Other cases include the 2013 chain split (BIP50, database limits) and 2018 inflation bug (CVE-2018-17144, duplicate input validation). All fixed via software upgrades + network coordination.
Bitcoin’s simpler transparent design made response faster than Zcash’s complex Orchard ZK circuit fix, but the pattern is the same: responsible disclosure, rapid patch, consensus upgrade, and preservation of invariants.
I see a lot of doomposting about Bitcoin and crypto because crypto is somehow not the favourite toy of the market at the moment (AI stonks are).
I want to remind that crypto is not a toy, and it's serving its true purpose - self-sovereignty of every user, financial rails which are always on and do not stop working. Institutions are also into adopting something which has no clunky intermediaries now, so fundamentally we are better than ever.
AI is foundational, but it will go through its own valley of death: replacing humans by AI would put AI outputs into AI inputs, quality will degrade, and costs will grow exponentially to maintain it. Large companies who push AI everywhere aren't necessarily using it correctly, so they report some overly large expenses.
Both technologies - crypto and AI - are foundational. They are not the same thing though, and they are not competing with each other in principle.
Crypto is the future of Finance!
NEW: Masked gang tries kidnapping the daughter of a cryptocurrency exchange founder, husband refuses to let go of her as he repeatedly gets hit in the head.
This guy is a beast.
The incident unfolded in Paris, France.
According to local reports, the woman is related to the co-founder of French Bitcoin exchange platform Paymium.
Thanks to the husband who refused to let go, the woman, who is pregnant, was saved.
A local shop worker is also being praised as a hero for running out with a fire extinguisher.
The man was taken to the hospital and treated for his injuries.
The attack is similar to one that took place a week ago when the father of a crypto millionaire was kidnapped and held for ransom.
His finger was chopped off before he was returned three days later.