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More / Bitcoin Reddit - 3 days ago

PSA, tomorrow the sun will rise again

I've been where some of you are today. During the FTX collapse, I lost over $2 million USD. The cascade triggered margin calls, then liquidation. In what felt like an instant, six years of stacking disappeared. (Can send proof to mods if needed)...

More / Bitcoin Reddit - 3 days ago

"It was AI and superintelligence man, I swear"

Nvk history posts show he was completely aware of firmware vector attacks, and narrative is, never in 5 years they audited the code in the single most safety-critical function on the device, not even SWE prompting to ask a frontier model "...

More / Bitcoin Reddit - 3 days ago

ColdCard: You’ll never hurt me again!

My seed used with this device was strong and I was unaffected by the security flaw in the RNG setup. Still, I’m re-doing everything. I am moving back to my ledger until I get a multisig setup with a SeedSigner or similar. It’s gonna be a pain t...

More / Bitcoin Reddit - 3 days ago

No, bitcoin project is not dead

This is a tough week for bitcoin community. Wishing speedy recovery of funds for everyone involved. Lessons learned for the rest: Hardware wallets - were always a vector of a possible attack. Just like you can't trust 100% your ISP, your PC and...

by COINS NEWS - 3 days ago

Bitcoin Quantum Threat: The Race To Quantum-Proof Crypto

Is the race toward quantum-safe crypto already underway? Some key takeaways: Galaxy Digital estimates roughly 7 million BTC, worth about $470 billion, are held in addresses with exposed public keys. Researchers continue to reduce estimates for...

by COINS NEWS - 3 days ago

Use case of layer-1 blockchains

99% of layer-1 blockchain Q&A: Q: What is the usecase of layer-1 blockchains? A: Layer-1 blockchains are designed for near-instant transaction finality and low-cost scalability, making it ideal for Decentralized Finance (DeFi). Q: What is the us...

by COINS NEWS - 3 days ago

Swapping usdt (trc) for trx requires

Hey all, So... I'm at a loss here. I have some usdt trc I'd like to swap to erc but I do't have enough trx for that. so I thought ok, I bet I could swap usdt for trx... Not. I need trx to do that as well, so I'm stuck at some kind of...

More / Bitcoin Reddit - 3 days ago

All BTC hacks in the last 13 years

I thought sharing this would help anyone who lowered their confidence in BTC; here is the btc hack timelines. 2011 – 25,000 BTC stolen from mt gox 2012 – 24,000 BTC stolen from linode-hosted Bitcoin services. 2014 – 850,000 BTC lost/stolen in the co...

More / Bitcoin Reddit - 3 days ago

I lost my one Bitcoin in the Coldcard exploit.

Took me years of DCA’ing to get there. I went with Coldcard because it was marketed as “ultra-secure.” I knew multisig was technically safer. I wasn’t worried about my key being guessed… I was worried about someone physically stealing it or it being...