The @bitcoinkeepkey attacker demanded 30 BTC. Instead, KeepKey is offering 30 BTC for info leading to their arrest. https://t.co/O8wvlTBVzP
@pmccall777 Money is a representation of stored time. You spend money in order to take other people’s time.
@pmccall777 Time is money - I’d probably be willing to outbid other waiting people to get seated faster.
@pmccall777 IDK, my problem is walking up to a restaurant I wasn’t planning on visiting and being told that wait is an hour+.
@seweso TL;DR people will adjust to the new reality once it is implemented 🤒
@pmccall777 Yeah while searching around I only found results about paid reservations
@pmccall777 I think a proper market would make squatting unprofitable - instead of buying out a squatter’s bid, you’d just outbid them.
Restaurants that experience demand vastly greater than their seating supply should create a market for customers to bid on wait list spots.
@twobitidiot This investment thesis sounds dangerously close to “I’m going to dump my pumped tokens onto unsuspecting people.” 😕
@desantis Haven’t tested it, but would be happy to if you tell me the procedure. I’m seeing conflicting info on forums.
@desantis How big? I usually just use .50cal ammo cans.
@fredzannarbor Been there, done that, boring. 🙃
@acastor5 I took the diversification route for my first decade of investing. Decided that I didn’t like playing it safe. No risk, no reward!
@ModernApostate I cost averaged in throughout 2014 - cost basis is $450ish
3 years ago: I began the process of going “all in” and converting my retirement account into BTC. https://t.co/AEbeGE5SHv
@zooko 2 years later, just checked again and it does suggest “https” at “http” but still doesn’t predict “://”
lopp I’m still waiting for my phone’s predictive text feature to figure out that “http” will be followed by “://”
lopp The rules governing the operation of the world are evolving before our eyes, yet many programmers still don’t realize the power they wield.
lopp Bitcoin does not and will not have a “killer app,” much like the Internet. It fundamentally changes human & machine interaction - YMMV.
@mperklin @MrChrisEllis @DoctorLex @coindesk Yep, though we employ CCSS for @BitGo keys and make good practices available to users.
@MrChrisEllis @DoctorLex @coindesk @BitGo @_CFour_ Of course - we helped design them. I’d have look into if we level 2 or 3 of CCSS.
Surreal to see Trump’s tweets displayed on foreign mainstream media. I guess this is the lens through which the wor… https://t.co/lCfZgSlDGg
@kristovatlas @n1ckler Only the finest artisanal handcrafted hashes for me…
@ErikVoorhees If bitcoin HODLers collectively agreed to stop selling for cut rate prices of under $10,000… same.
@NickSzabo4 @VinnyLingham @BambouClub @ofnumbers @Frances_Coppola Let’s form a digital nation-state & force Internet denizens to accept it 😂
@gigq Nice, I just might buy one 😊
@ccerrato147 there are sites that show M1 supply of each country though IDK of one with the rankings on 1 page. My stat is from @zeroblock
@ccerrato147 I mean in terms of rankings. M1 monetary supply is a measurement of all liquid money - paper currency, savings accounts, etc.
@prestonjbyrne … But do you destroy the microphones inside all of your computing devices? 😈
Bitcoin is Cypherpunks & citizens of the world saying “Enough is enough! Money is a system that belongs to no one - it belongs to us all!”
Bitcoin is free of these influences. Financial corruption & crises fuel the fires of our hashing machines.
Bail-ins will steal money from bank users.
Bail-outs will steal money from taxpayers.
Inflation & demonetization will steal from unbanked.
Nation states shall continue currency wars, devaluing their fiat. Financial system failures will fuel demand for self sovereign money.
‘Member the irrational exuberance of $1,100 bitcoins 3 years ago? I ‘member… this time it’s different.
@DoctorLex @coindesk I recommend that all businesses handling bitcoins follow @_CFour_ best practices though IDK if any publicize theirs.
@giacomozucco @mir_serena @Ferdinando1970 @RCasatta What educational resources do you recommend for Italians to learn about Bitcoin?
RT @coindesk: How Not to Lose Your Bitcoin in 2017 https://t.co/qXjRJxSAXZ https://t.co/ytTFMQvVm7
RT @VinnyLingham: I just published “Bitcoin 2017 : A Currency Devaluation Hedge for Emerging Markets†https://t.co/YcJgm8plJU
@LucaLDL Bailout is assured, though I was hearing it might be insufficient due to massive withdrawals in recent months.
@alansilbert They said there will be ~5B bailout from a government fund, but nearly 4B has been withdrawn in recent months, making it worse.
@alansilbert TG3 news in Campania, just watched it on TV.
Italian news is reporting that citizens with over 100,000 Euros in Banca Monte dei Paschi are at risk of a haircut due to recent bank run.
@FoxBusiness You forgot Bitcoin ðŸ˜
@bobbyclee Does BTCC support minting physical coins with BIP38 encrypted private keys?
@bobbyclee Though digital coins are superior to physical because you can make redundant backups & protect them from seizure via encryption.
Only 65 countries stand in the way of Bitcoin achieving top position in terms of global M1 supply.
@Burkoboy @barrysilbert Definitely prefer Google Authenticator since Authy is also based on your phone number
@csoghoian @kristovatlas However, I’d argue that SMS-based account recovery / password reset is worse than nothing.
@zofrex And depending upon your threat model, sending 2FA codes in cleartext is terrible practice.
@zofrex Best to assume most users stick to the default settings - IIRC Google uses SMS for account recovery.
@zofrex Services supporting SMS 2FA often also allow password reset via SMS or email. Phone port attackers often compromise email accounts.
@javisobr just a fun poem suggesting that people hold their coins in cold storage rather than on a custodial service / exchange.
@publictorsten Because he set a PIN to protect his account and then it was transferred out of his control by an unknown entity.
@sandpiled @leahmcelrath Switch to @projectfi?
@BitcoinBelle @Codiox @bitcoinkeepkey @verizon From what I’ve seen, @projectfi is most secure against phone porting attacks
@leahmcelrath Unfortunately it’s going to be different for every service you use
@leahmcelrath @bascule @csoghoian @bitcoinkeepkey if it’s based on your phone number, it’s actually a weakness. https://t.co/Rec0xW2a4m
@bascule Also remove any phone number based account recovery mechanisms.
TIL @zcashco intends to eventually switch elliptic curves in a year due to this attack. https://t.co/H9EOgGb1FJ
.@bitcoinkeepkey’s account remains compromised. They will post a signed message from it to prove that control has been regained.
Can only draw one conclusion: @verizon is not secure against phone porting attacks, likely due to flawed procedures. https://t.co/rrJxF3kqub
Founder of @bitcoinkeepkey confirms successful phone porting attack against @verizon number despite PIN protection. https://t.co/nzeL284bPH
@michaelfolkson @RiskBazaar Just found https://t.co/LUQuxay1ye
Computer security specialists can’t rest - attackers prefer to strike when they think your guard is down during holidays / while you sleep.
FYI: @bitcoinkeepkey’s Twitter & email accounts compromised. Also seeing a suspicious new @KeepkeyIO Twitter & site. https://t.co/mXTvrZFWMo
Great minds constructively discuss ideas.
Small minds shitpost about people.
@mikestable Buon Natale!
Most people find Bitcoin to be useless & thus worthless. A common mistake many make is to then assume that the same holds true for everyone.
@timpastoor ad blocker stops them in the browser, but I’ve yet to figure out how to block them in the official Android app.
@iang_fc Takes one to know one, eh?
@Metaballo Consider it in the public domain ☺ï¸
rogerkver Over time the value of Bitcoin isn’t guaranteed to go up, but the value of all government issued fiat currencies is guaranteed to go down.
Truth be TODL
Many Bitcoiners SODL
Or didn’t store CODL
You should break the MODL
And straight up HODL
@el33th4xor Baseless attacks should be simple to defend against, yes?
4) However, Cypherpunks who attack their peers do us all a disservice. Questioning motivations or personal history is a fallacious waste.
3) Having your code & ideas attacked is an honor, not an insult. It shows that others care enough to protect the public from buggy software.
2) Cypherpunks attack each others’ code & ideas because they know that once deployed in the real world, insecure software will be exploited.
1) Cypherpunks write software to defend privacy because they know that we must defend our own privacy if we expect to have any.
@fredzannarbor It’s generally a good practice not to invest in anything you don’t understand.
.@googlesecurity team has released Project Wycheproof to help check cryptographic libraries for known weaknesses. https://t.co/cXwHjhD9Lx
If you buy bitcoins without understanding the system, you may find yourself relieved of the burden of owning them. https://t.co/oTc1i3cwNo
Bitcoin è l’uscita per la libertà finanziaria!
@outragedhuman Indeed, there are many variations of this gif at various trajectories and velocities 😊
Thanks to all of you for joining me on this wild cypherpunk ride! pic.twitter.com/74551Ri0VT
Santa is coming and he’s bringing green candles for all the bitcoin HODLers. Happy Holidays, everyone!
@SarahJamieLewis @socrates1024 It’s quite difficult not to leak info. Check out @obpp_org if you haven’t already.
RT @TuurDemeester: #Bitcoin traded in the $800 range for less than 48 hours. The winter of 2013 is back, and the public at large isn’t even…
RT @el33th4xor: Cool new breakthrough tech for #Bitcoin and #blockchain:
Scaling Bitcoin with Secure Hardware
https://t.co/SP6ac1gO8y
@pro2rat @socrates1024 Um, OK, but I think you’re expecting something different from what I wrote. My article focuses on Bitcoin’s history.
@socrates1024 @pro2rat I collated a few things into this article: https://t.co/P9WBejbNkk
RT @NickSzabo4: “If you need to ask whether your smart contract is legally enforceable, you’re doing it wrong.”
https://t.co/qzhxfn8AIA
Great visualization of how Bitcoin’s scripting language verifies the spending of a Pay to Public Key Hash transacti… https://t.co/7VD7SXYVku
@kristovatlas @zooko Android, though I think the same issues occurred on iOS
@kristovatlas @zooko Semaphore is alright on desktop but I was frustrated by the mobile app.
RT @socrates1024: First issue of the Ledger cryptocurrency research journal has now been published! https://t.co/k4lqOWVj2V
@kristovatlas @Radomysisky Knowledge too dangerous for any mere mortal to possess.
Redactions in @Radomysisky’s book, “Come and Take It,” made by demand of the US Department of State. pic.twitter.com/AlKfE6HAOh
If bitcoin starts being considered a safe haven asset rather than a risky asset, it will be too late for most. The exit ramps will be full.
.@Radomysisky’s “Come and Take It” recounts the journey of a free thinker focused on empowering individuals via tech https://t.co/OMR3KBZ9Q4
@maraoz Funnily enough, I was recently speaking with someone who was convinced the price would drop due to people selling to pay taxes :-)
Bitcoin mining hash power became more decentralized in 2016, according to @oocBlog’s measurements. pic.twitter.com/x1GyAlwShr
RT @laurashin: Your Phone Number And Email Are As Important As Your Social Security Number: How To Protect Them via @forbes https://t.co/tG…
@SooMartindale Because SegWit transactions use less legacy block space.
lopp Segregated Witness will make it cheaper (fee-wise) to send transactions with large numbers of inputs, hopefully incentivizing UTXO cleanup.
RT @TuurDemeester: Nearly 60% of all dollar bills circulate abroad. Hence, a US demonetization event would likely cause an instant geopolit…
RT @TheBlueMatt: Bitcoin FIBRE rebased on 0.13.2 with new FEC that is better, faster, cleaner (not to mention more testing) https://t.co/is…
@fredzannarbor @dragonchaingang It’s complicated; I’d say for any given blockchain you’d have to analyze it & build a security model.
@fredzannarbor Moore’s law amirite?
Bitcoin’s UTXO set increased 30% in 2016 to 44M outputs, adding a net additional output every 3 seconds. https://t.co/weVY2tmAgn
The Blockchain Graveyard breaks down root causes for 40+ compromised cryptocurrency companies.… https://t.co/k3V5l8gZ3Y
RT @Magoo: I spent 300 hours this year responding to security incidents and intrusions and wrote some lessons up about it. https://t.co/8h4…
Bitcoin’s network security accelerated at an average rate of 52 GH/s^2 in 2016. https://t.co/4vfgik29me
@BitcoinMagazine Might be time to update your ticker pic.twitter.com/zgNfMwakfU
The size of bitcoin’s blockchain doubled in 2016 to 100GB https://t.co/b9husA3mMq
Targeted attacks against well known cryptocurrency users continue to increase. https://t.co/VEH5vd9O59 https://t.co/zB8qK7TENF
@michaelfolkson @RiskBazaar Sure; hope I did this correctly: https://t.co/jQj8zsqsjC
@theonevortex @bitcoincoreorg I think it will take a while, but I’m optimistic.
Nailed it. I’m willing to double down and predict that no @bitcoincoreorg backed hard fork activates in 2017. https://t.co/lS1Eo2Xaol
lopp “SegWit gives a 60% bandwidth savings for nodes uninterested in sigs (lite clients & historical block downloads)” - @pwuille @SFBitcoinDevs
@el33th4xor How dare you divide the community with logic and reason!
@Blockscan @BlockscanCom I think a bunch of your @CounterpartyXCP charts are broken: https://t.co/Q24g060BqX
@RCasatta @wasthatawolf @shawnleary @ryaneshea @CounterpartyXCP Shouldn’t we at least count the transactions that are using it?
@RCasatta @wasthatawolf @shawnleary @ryaneshea From reading @CounterpartyXCP’s FAQ it sounds like the default is to use OP_RETURN now
@wasthatawolf @shawnleary There’s a note at bottom of https://t.co/34YywNgXPX about Counterparty. Can you add it now, @ryaneshea @RCasatta?
@jmcorgan Indeed; isn’t that true for /every/ piece of software?
@jmcorgan Right, this method shouldn’t be used by anyone who needs to secure a lot of value; it’s convenience at expense of some trust.
@jmcorgan Hmmmm can a script check its own signature? Seems like it might be doable…
@jmcorgan It’s a pretty good script; it will even check signatures which is far more than most people do.
How to install and run a Bitcoin full node in 1 step:
curl https://t.co/9R0A6zSkGf | sh
@idgorilla It could be, though I don’t think we’ll really know for many years.
@mriou @fluffyponyza @30somethingSTL What stat package can I point at any public repo and easily generate annual reports?
@balajis Confirmed; we seem to have passed peak Bitcoin obituaries: https://t.co/bL2m2HM34h
@kristovatlas I want to use it but IDK if it’s wise to run shell scripts written by a guy who gives presentations about underhanded code…
A downtrend in Bitcoin blocks that didn’t utilize their maximum capacity continued throughout 2016.… https://t.co/wqFbG6MLFS
@khannib It would be really cool if you could build a dynamically updated version of @pwuille’s UTXO value chart: bitcoin.sipa.be/utxo_size.png
New UTXO stats dashboards by @khannib just went live at https://t.co/Y5GGtF6Vz0 https://t.co/Wo4KNkgf2G
@Freemanix I think it’s pretty tiny, only a few percent.
Looks like @coluplatform and @BlockstackOrg created the most OP_RETURN bitcoin transactions in 2016.… https://t.co/NZ9MfeRTAd
.@wisemoe OP_RETURN enables developers to anchor into bitcoin’s blockchain; it enables a variety of services. https://t.co/r7M1WfvEXK
Bitcoin OP_RETURN outputs created in:
2014: 13,000
2015: 655,000
2016: 1,040,000
https://t.co/OjcRqhtD7i
@l0sh11 @rm0rf Yeah, turns out all the github stats only look at whatever a repo’s default master branch activity was.
.@BitGo has lofty goals for 2017 - we need more minds! Join me in helping users secure their crypto assets: bitgo.workable.com
@fluffyponyza @30somethingSTL I struggled for a while trying to find better tools for pulling annual github stats. Gave up.
@30somethingSTL Upon closer inspection it looks like there is more dev activity than that, but not in litecoin’s default github branch.
2016 commits & merges:
Bitcoin Core: 2466
Monero: 1609
Ethereum (Go): 1046
Bitcoin Unlimited: 608
Bitcoin Classic: 424
Dash: 35
Litecoin: 13
“Bitcoin is going to be the Switzerland [of the currency wars] even when Switzerland is no longer the Switzerland.” - @aantonop
Zhou is considering buying gold or bitcoin, which he can buy in China and sell for foreign currencies overseas. https://t.co/1Y0tpWSCYC
@twobitidiot Hmmm then does The DAO count as $160M, $0, or $100M ($ETC market cap)?
Blockchain industry venture capital funding:
2012: $2.13M
2013: $95.05M
2014: $361.53M
2015: $490.48M
2016: $393.00M
https://t.co/s2SSO4Umx2
Current @SlackHQ membership:
@AugurProject: 1403
#Bitcoin Core: 2331
#Bitcoin Classic: 1904
@21: 3631
@openbazaar: 3532
@storjproject: 5169
@TuurDemeester All @BitGo wallets are 2 out of 3; we think it’s the most flexible model. https://t.co/8ojGNiBxrF
Reminder: @BitGo supports cold storage wallets with user keys kept offline and txns signed on airgapped machines. https://t.co/ICioIX9o3f
@fredzannarbor That blockchains won’t go mainstream with end users, but that they don’t have to in order to gain adoption as infrastructure.
After crunching the numbers it’s clear that 2017 will be the year of the blockchain desktop.
The countries with the most relative interest in searching for Bitcoin in 2016 g.co/trends/DqjqQ pic.twitter.com/9ip2KIWMrd
An exodus of activity out of the bitcoin-dev IRC room and into the bitcoin-core-dev IRC room occurred in 2016. pic.twitter.com/vsWJTKAO2C
Activity on the Bitcoin Development mailing list remained low in 2016 compared to the surge of block size debate th… https://t.co/Lvjxo2s0Y5
@kristovatlas I expect the number will continue to rise in the coming months as Google Scholar catches up.
@juscamarena I believe @GreenAddress supports it
RT @lightning: The Lightning Network spec draft is almost done, and we’re looking for community feedback (theme song included)! https://t.c…
@outragedhuman The trend is unsurprising - just showing the end of year numbers.
Despite increase in transaction backlogs, adoption of Opt-In Replace By Fee remains negligible.… https://t.co/FTXu8y2qFZ
Bitcoin tx fees relative to block subsidy increased from 1% to over 5%, helped by the subsidy halving.… https://t.co/crZcnVvFOt
@outragedhuman Yes, it shows miner fee revenue increased in range between the satoshi denominated fee estimate increase & USD fee increase.
@onthefrynge Indeed, though it will be quite a few years before the block reward is gone.
Unsurprisingly, as per-transaction fee rates rose this year, so did total fee revenue collected by bitcoin miners.… https://t.co/xJLVBc4JRw
Median bitcoin transaction confirmation time is on the rise this year, from ~7 minutes to over 10 minutes.… https://t.co/rFqFcIIaN2
@ofnumbers @el33th4xor I really enjoy reading @TradeBlock’s analyses - wish they’d keep posting them!
Bitcoin Core’s txn fee rate estimate to get confirmed in next 3 blocks rose 557% from 14 to 78 satoshis/byte. That’… https://t.co/o65CF1xq7z
Bitcoin transactions per second crept up throughout 2016 from ~2 TX/S to ~3.3 TX/S https://t.co/HwwstDYz7y https://t.co/O0HXHVDUDg
Median block propagation times steadily decreased by 50% throughout 2016, down to ~2 seconds.… https://t.co/g8c7GjwF6D
Reachable Bitcoin node count held steady in 2016; nodes reachable via TOR more than doubled. https://t.co/n8bs3YSk1E https://t.co/eIkfLD3dDp
@Aquentson Yep, delving into fee stats is coming up soon.
Total # of UTXOs has increased 30% this year to 43.5M
Size of serialized UTXO set increased 50% to 1.5GB… https://t.co/71PQe7eMRC
@shazow @dangermouse117 Yeah, not only that but I’ve noticed that the counts for several years ago also keep rising over time.
@BambouClub Right, and according to Google Scholar, that’s how many different papers were published that cited the Bitcoin Whitepaper.
@SooMartindale That chart considers any txn that doesn’t use a multiple of the legacy fee (0.0001 BTC) as being dynamic.
dangermouse117 #bitcoin citations vs bitcoin mentions vs #blockchain mentions in academic papers. Twitter Source: @lopp pic.twitter.com/La3Vj08ouN
@neha Here you go: https://t.co/9lwddic5rN
@mikeinspace Never ended up buying one myself; didn’t have any amazing ideas for a micropayment based service to build.
Usage of dynamically calculated bitcoin transaction fees has increased from ~20% to ~70% this year.… https://t.co/fDpZTlCOHh
@mikeinspace Ehhhhh really hard to say. One big question I have is if 21’s pool is actually mining any blocks these days; AFAIK it’s not.
@dangermouse117 check my latest tweet and compare it with bitcoin mentions too :-)
Google Scholar articles published mentioning Bitcoin:
2009: 83
2010: 136
2011: 218
2012: 424
2013: 1,390
2014: 3,190
2015: 3,670
2016: 3,580
@DoctorLex I’m sure there were, though IDK of any place keeping track of such proclamations.
The days of work a miner w/100% of current hashpower would need to rewrite entire blockchain rose to 290 from a low… https://t.co/DqCr8KIEun
Bitcoin’s hash rate has increased 300% from 743,000,000 GH/s to over 2,220,000,000 GH/S this year. pic.twitter.com/eowEQl7HJm
Academic papers mentioning blockchain:
2010: 213
2011: 224
2012: 311
2013: 477
2014: 956
2015: 1,440
2016: 2,190
https://t.co/lUxMg4f61B
Academic papers citing Bitcoin:
2010: 5
2011: 12
2012: 56
2013: 106
2014: 339
2015: 418
2016: 405
https://t.co/6hPKq1qGuo
Deaths of Bitcoin proclaimed per year:
2010: 1
2011: 6
2012: 1
2013: 14
2014: 27
2015: 40
2016: 28
99bitcoins.com/obituary-stats
@2drewlee I’m pretty sure @LoyyalCorp is trying to address such problems.
mikebelshe Christmas is coming!!! pic.twitter.com/Dn2nz520Rf
@cryptotraveler Hmmm, @Newsweek you say? They’re the ones who found @Satoshi_N_!
My sophisticated technical analysis shows BTC exchange rate volatility will hit 0% in 2017. Then we’ll know bitcoin… https://t.co/JNjTUN4cPR
RT @kallerosenbaum: Venezuelan bolÃvar just passed the half-life of the Rubidium 86 isotope. #hyperinflation