Rob "Crypto Bobby" Paone@crypto_bobby
No buy support when everyone is at Burning Man, smdh
6:20 PM · Aug 28, 2019
19 Reposts · 301 Likes
(1) Chainalysis: Most Mixed Bitcoin Not Used for Illicit Purposes by Aaron van Wirdum
“A lot of people are using mixers just for personal privacy,” explained Hannah Curtis, senior product manager of data at Chainalysis, during the webinar. “But we do know that a lot of illicit funds do end up at mixers.”
(1) Bitcoin Optech newsletter #61 requests developers to review and evaluate Miniscript, mentioned in my 10th newsletter
(2) Intro to Schnorr Signatures w/ Elichai Turkel
(3) Debugging Bitcoin Core w/ Fabian Jahr
(4)
BitcoinDevNetwork@BitcoinDevNet
Introduction to Cryptography by Christof Paar - A good bootcamp in understanding the foundational concepts which underpin bitcoin
youtube.com
Introduction to Cryptography by Christof Paar
8:21 PM · Aug 23, 2019
2 Reposts · 5 Likes
(5) Google's Threat Analysis Group (TAG) was able to collect five distinct iPhone exploit chains based on 14 vulnerabilities, enabling malware to steal users’ files, upload their location data, find their passwords, and access databases of various end-to-end encrypted messaging apps like Telegram, WhatsApp, and iMessage. Read more on Vice.
(1) Andreas M. Antonopoulos, author of Mastering Bitcoin teams up with Olaoluwa Osuntokun and René Pickhardt to publish Mastering the Lightning Network in Q4 of 2020.
(2) Rusty Russell (Blockstream) discloses critical Lightning vulnerabilities, urging users to update their node software.
TheRustyTwit@rusty_twit
Upgrade #lightning nodes please! c-lightning < 0.7.1, lnd < 0.7, eclair <= 0.3 vulnerable:
lists.linuxfoundation.org
[Lightning-dev] CVEs assigned for lightning projects: please upgrade!
9:40 AM · Aug 30, 2019
94 Reposts · 98 Likes
(1) Justin Moon shares Junction, a proof-of-concept UI for hardware wallet multisig with your full node. Junction uses Hardware Wallet Interaction scripts - HWI is poised to become a widely adopted standard amongst hardware wallets.
Justin Moon@_JustinMoon_
I made a proof-of-concept UI for hardware wallet multisig with your full node How it works 👇
2:49 AM · Aug 29, 2019
92 Reposts · 349 Likes
(2) The Coinkite team announces the Coldcard MK3:
COLDCARD™@COLDCARDwallet
Announcing Coldcard 𝗠𝗸𝟯🔒 ✅Next gen Secure Element 608A ✅SE set brick after 13 failed PINs ✅New MCU +memory for complex txns & things like CT ✅Hardened against side-channel attacks (Common-mode chokes, ferrite beads, pwr sup bypassing ✅Epoxy on SE https://t.co/mHA6NuIQocr
1:41 PM · Aug 29, 2019
67 Reposts · 231 Likes
(3) Bakkt, the Intercontinental Exchange-backed physically-delivered bitcoin futures provider, announced that its custodial storage offering, Warehouse, would launch on September 6th. Warehouse is protected by $125 million in insurance, equivalent to about 1300 bitcoins.
(4) The e-commerce platform with more than 500,000 merchants, Shopify, now features a Bitcoin mainnet and Lightning Network plug-in, courtesy of OpenNode.
(5) Gemini joins the Silvergate Exchange Network to offer its users USD deposit and withdrawals 24/7/365.
(6) The new Zap iOS is now on mainnet.
(1) Gold Market Cap
Gold: ~$8.171 T at ~$1525/oz
Bitcoin: ~$172 B at ~$9600/btc (~2.1% of gold’s market cap)
(2) Fiat Market Cap: Bitcoin is #35 compared to all fiat currencies, placed between the New Zealand Dollar (NZD) and the Qatari Rial (QAR).
(3) Government Debt Clock
(4) Crypto Market Cap Dominance
Bitcoin represents 69% of the total cryptocurrency market cap
(5) Bitcoin Security: Hash Rate + Difficulty
The two metrics hit ~76.62 EH/s and ~10.18 T respectively, according to BTC.com
Matteo Leibowitz recommends the Fee Ratio Multiple when evaluating a blockchain network’s security
(6) Supply + Halvening News:
~261 days until the next halvening, where the issuance rate of new bitcoins will decrease from 12.5 to 6.25 bitcoins per new block mined. Bitcoin inflation will decrease to 1.8%, rivaling the US inflation rate.
We’ve mined >85% of the 21,000,000 bitcoins that will ever exist, in the past ~10 years. To mine the remaining 15% will take ~120 years.
(7) Bitcoin Magazine publishes an infographic that puts Bitcoin’s Market Cap into perspective:
(8) I love Coinmetrics’ newsletter; issue 14 covers:
BTC realized cap passed $100 billion
Realized capitalization is a metric created by Coin Metrics that is calculated by valuing each unit of supply at the price it last moved. This is in contrast to traditional market cap which values each coin uniformly at the current market price.
For example, if BTC’s current price was $10,000, traditional market cap would value every single coin equally at $10,000, even if some coins had not been moved for years. This would result in a total market cap of $178,981,250,000 (17,898,125 total BTC multiplied by $10,000).
Realized cap, on the other hand, values each coin at the time it was last exchanged. So if a coin was last touched for $2,500 in 2017, that particular coin would be priced at $2,500 instead of the current market price. Each individual coin is priced this way. This gives a more realistic measure of the economic significance of a crypto asset. Realized cap can be thought of as a measure of the average cost basis of Bitcoin holders (cost basis is basically the total amount originally invested).
BTC also reached another milestone on August 23rd: all-time mining revenue surpassed $14 billion.
All-time Mining Revenue = total USD value of all block rewards plus fees (both of which get paid out to miners) calculated on a daily basis, using that day’s price.
(9)
Rob "Crypto Bobby" Paone@crypto_bobby
Using @coinmetrics' "Realized Cap" metric and dividing by reported supply to get average cost basis for current holders. BTC: $5,586 ETH: $258 XRP: $1.21 LTC: $81 BCH: $295 BTC holders sitting pretty, XRP holders holding heavy bags
7:40 PM · Aug 27, 2019
30 Reposts · 149 Likes
(10)
Jason A. Williams 🦍@JWilliamsFstmed
Bitcoin surpassed PayPal in yearly transaction volume at $1.3 Trillion.
1:58 PM · Aug 27, 2019
867 Reposts · 2.42K Likes
(1) James O’Beirne (Chaincode) digs deep into WTF Happened in 1971, alluding to how the shift over from the gold standard to the dollar standard forever changed the American economy.
(2) I mentioned this episode in newsletter #8, and will continue to keep promoting it. Stephan Livera sits down with Michael Flaxman to understand why every hardware wallet sucks, and why you need to adopt multi-sig ASAP.
(3)
“The approach to scaling bitcoin is a slow and conservative process. Bitcoin is too important to follow the Silicon Valley mantra of move fast and break things. Instead, it’s move slowly and don’t break anything. If a global financial system is to be built on a decentralized monetary system, the foundation must be protected at all cost. Ensure the security of the base monetary layer (bitcoin) first and then allow network participants to innovate on top of it in a permissionless manner. Remember that bitcoin is only ten years old; we are in the very inception of bitcoin’s monetization event, and infrastructure is still being built to allow for the proliferation of this new technology.” Read more by Parker Lewis on why Bitcoin is not too slow in its ability to innovate.
(4) 1437 creates a thread on how to enhance your privacy and opsec, covering VPNs, browsers, wallets, and more:
1437@1437Knowledge
A Guide on Privacy and Security (Online + Bitcoin)
1:35 PM · Aug 26, 2019
153 Reposts · 305 Likes
(5) Adam Back on the Bitcoin-as-the-new-gold narrative
Adam Back@adam3us
Cypherpunks were always more interested in censor resistant global payment, than new gold store of value. Latter was just a means of deployment, attractive for being permissionless "no banking interface". /1
9:54 AM · Aug 24, 2019
212 Reposts · 745 Likes
(6) Gotta love retail logic:
Ben Davenport@bendavenport
Here's my take on the multiple interlocking positive feedback loops which drive the Bitcoin price.
3:49 PM · Aug 28, 2019
173 Reposts · 565 Likes
(7) Run a Bitcoin full node
wiz@wiz
Would you accept gold as payment from someone you didn’t trust, without verifying the weight and purity of the gold before shipping your products to them? Think of a Bitcoin full node as a “fake Bitcoin detector” - all you need to verify “purity” of your Bitcoin is a Raspberry Pi
6:46 AM · Aug 28, 2019
126 Reposts · 472 Likes
(1) Craig Wright, a fraud who claims he is Satoshi Nakamoto and shills shitcoin $BSV, is totally screwed. Having lost the Kleiman v. Wright lawsuit, he now owes the Kleiman estate $4b. Can we finally stop talking about him now?
Peter McCormack@PeterMcCormack
Keep your fingers crossed. I have been invited to speak at the Malta Blockchain Summit, which will also features Craig Wright.
1:17 PM · Aug 23, 2019
218 Reposts · 2.8K Likes
(2)
Portugal’s tax authority recently clarified that bitcoin payments and realized gains are exempt from VAT.
(3)
Beginning September 1st, LocalBitcoins will extend its know-your-customer/anti-money laundering (KYC/AML) requirements.
“In the digital age, data privacy matters a lot,” Keidun said. “If you take a look at the recent Binance leak of KYC/AML data, you will realize that it’s harmful for users to have their personal data (such as ID, photos, addresses) publicly available. I think it’s also dangerous because if your data is leaked from a cryptocurrency exchange then you might deal with a lot of bad actors who assume you may own a lot of bitcoins. The KYC data often includes proof of residency, so thieves can simply come to your place and try to steal something from you or harm you in other ways… I think KYC is a honeypot for user information and there’s nothing you can do about that as a user.”
(1) Hodl Bootcamp | Remote | August 26 - September 1
(2) Bitcoin Is … | Los Angeles | September 1
(3) Scaling Bitcoin 2019 | Tel Aviv | September 10 - 11
Hodl Hodl@hodlhodl
Riga Bitcoin Week #bh2019
12:42 PM · Aug 20, 2019
20 Reposts · 50 Likes
(4) Baltic Honey Badger | Riga | September 14 - 15
(5) Advanced Bitcoin Course | Zürich | September 16 - 20
(6) Lightning Conference | Berlin | October 19 - 20
DM me on Twitter if you’ve got feedback, questions, and comments.
This is not financial advice. Do your own research.
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