Since the 10/10 event, I've added 29% more Bitcoin to my stack. I was prepared for the psychology of the bear market. Keeping the blinkers on, to keep the eyes on the prize is so so important. This is where stacks are created, and thats why Im more bullish now than at any point since I started buying Bitcoin.
I believe this may be the last ever opportunity to stack a significant amount of Bitcoin. Just about anybody can find a way to stack at $63k. That won't be the case at $400k.
Regular people go out every day and book 5 figure vacations, sign paperwork for a $70k car, save $150k for a down payment, and spend hundreds a month on rip-off subscriptions. Don't tell me $63k is cost-prohibitive.
This is the best shot there will ever be to escape the financially oppressive matrix - dont look a gift horse in the mouth.
COLDCARD RNG FAILURE WORSE THAN PREVIOUSLY THOUGHT
A new technical autopsy by @KLoaec finds some vulnerable COLDCARD Mk3 wallets may have been generated from just approximately 4.5 million possible RNG starting states, a space small enough to search in about 3 seconds on a single RTX 4090.
Even accounting for additional uncertainty about how each wallet was generated, they estimate an attacker could search the possibilities in about 50 minutes on a single high-end GPU.
Even worse, the flaw may have created identical seed words across different devices.
Using an assumed fleet of 30,000 Mk3s, the author estimates roughly 120 pairs could have produced the same RNG stream.
That collision estimate is theoretical but clearly shows duplicate seeds could have easily existed.
My hope is that the coldcard incident will bring momentum to Bitcoin's next upgrade and introduce CTV, to have timelocks with vaults and improve self-custody.
From my recent podcast with @IIICapital. 👇
@BTCBreadMan Enough now, you’re dragging this BIP110 out longer than it has to. You’re almost becoming an @udiWertheimer with your shit talking.
When Covenants? Let’s start here shall we.
@BTCBreadMan Yes sir. No sarcasm here.
Just a genuine questions as to why BIP 110 was such a “retarded” proposal that attracted so much push back.
If you can’t answer stop yanking on my dick and just say. 😂
I request an education on BIP 110.
I am neither for nor against this proposal as I can admit that I don’t know enough myself to have a vote.
I understand the basics is reducing space in the OP_RETURN to stop it being filled with nonsense data. Which to me sounds like a simple thing.
What I don’t understand, is the energy and the hate against it?
From what I’ve seen from people against the proposal, it’s as if BIP 110 is destructive to the network.
Can anyone shine some light on this for me.
Like many, I've barely slept since the Coldcard incident. My mind has been racing on how to stop this from ever happening again.
I believe I've come up with a novel wallet design that solves Bitcoin's self-custody trilemma.
Live on mainnet.
Writeup: https://t.co/w1nF4WWXi2
ATTN:
1) we have updated our BTCPay Server to the latest version
2) LND nodes are not affected
Any questions please as always urgently submit to our support below.
How hard should we push people towards proper security measures? Do nothing? Keep it subtle and rely on them to "get it"? Or be super intense and in their faces about it and induce anxiety?