Bitcoin

Bitcoin breaks $109K for a new all time high.

https://www.msn.com/en-us/money/markets/bitcoin-hits-new-price-highs-as-crypto-industry-scores-wins/ar-AA1Fdost

@bitcoin #bitcoin

Since Bitcoin's inception in 2009, the amount of energy required to mine has always been less than the amount of Bitcoin you got for mining. But that was never going to last; there was a limit of 21 million possible Bitcoins baked into the system from the jump, and the rate of new coins mined has gotten slimmer as competition has increased, making the economics worse and worse over time.

These days, one Bitcoin trades for around $94,000, but costs about $137,000 in electricity for small-scale operations to mine, making new coins an economic liability for all but the largest players. For those whales, Gizmodo estimates the most optimal cost for mining a bitcoin at around $82,000 — slim margins which are shrinking fast.

Right now, the top 8 percent of crypto wallets own a little under 99 percent of all Bitcoin in circulation. Zooming in even farther, we see that the top 1 percent of crypto wallets control over 90 percent — so much for all that decentralization that Bitcoin was supposed to represent.

https://www.barrons.com/articles/microstrategy-stock-price-bitcoin-coinbase-770d8cf8

Oh no. Mstr and Bitcoin are both dead, again.

@bitcoin

#bitcoin

A comprehensive guide on how to set up a highly available LND cluster with floating IP address, including benchmarks for various combinations of storage backends, and scripts to automatically set up most of the environment.

Michael Saylor, co-founder and chairman of business intelligence firm MicroStrategy, has unveiled a comprehensive crypto framework aimed at further integrating Bitcoin and other digital assets into the US economy.

https://www.michael.com/digital-assets-framework

Once widely derided as a speculative asset with no intrinsic value, Bitcoin is being taken increasingly seriously by governments, financial institutions and investors alike.

A computer scientist has been found to have committed contempt of court for falsely and persistently claiming to be the mysterious inventor of Bitcoin, Satoshi Nakamoto.

In March, the High Court ruled Craig Wright was not Satoshi, and ordered him to stop claiming he was.

However, he continued to launch legal cases asserting he had intellectual property rights to Bitcoin, including a claim he was owed $1.2 trillion (£911 billion).

A judge said that amounted to a "flagrant breach" of the original court order and sentenced him to 12 months in prison, suspended for two years.

Good article that goes into detail how hackers accomplished social engineering that lead to multimillion dollar Bitcoin hack.

Boom!

Price of Bitcoin just broke Eighty Thousand US Dollars at Kraken, a new all time high.

The most notable changes:

• bitcoind used to listen on 127.0.0.1:8334 by default. If you use Tor for incoming connections, you have to manually specify bind=127.0.0.1:8334=onion in config
• unix sockets can now be used to communicate with Tor or other proxy, and MQ traffic.
• New mempool policies has been implemented to patch some attack vectors for chains of unconfirmed transactions, especially in relation to lightning network channels and similar contracts.
• TRUC (Topologically Restricted Until Confirmation, BIP 431) can now be used with transaction version 3 (now considered standard) instead of RBF.
• Full RBF (Replace By Fee) is now enabled by default
• RHEL 8 and Ubuntu 18.04 are now unsupported due to minimum required glibc version bump.

The bill, known as the Digital Assets Authorization Act, was passed by a 176-26 vote.

The legislation offers regulatory clarity at a time when federal regulations on digital assets are scant. While former president Donald Trump has promised to transform the United States into the "crypto capital of the planet," his vision is short on details.

MARA's process captures gas that would have been flared, generating carbon credits

zkSNACKs, the developer of Wasabi wallet, has shut down its coinjoin coordinator since June. The news is not surprising, considering that it has already been unavailable for the US customers since May.

Since the wallet itself is non-custodial (you hold the keys), and it's using block filters to update your balance directly from the bitcoin network, the wallet functionality is intact. However, if you want to coinjoin, you have to find another public coordinator.

A list of currently active coordinators is available on wabisator.com, or wasabist.io

Coordinators do not require any privileged access to private information, so it should be safe to use any 3rd party coordinator with enough real active users. At no point are your funds at risk of being stolen.

However, a dedicated attacker running a public coordinator could still pull a de-anonymization attack by mixing your coins solely with their own outputs.

A great way to help humans in need, and a great example of a use case for bitcoin.

cross-posted from: https://lemm.ee/post/38808464

Bitcoin is Stupid and Does Not Deserve an Emoji (blog post)

35 crypto companies got together to make a change dot org petition called "Bitcoin Deserves an Emoji".

F that

cross-posted from: https://feddit.org/post/315504

Archived link

WikiLeaks co-founder Julian Assange is free after a 14-year battle against extradition to the United States. In a final effort to secure his freedom, an anonymous Bitcoiner donated over 8 Bitcoin, worth around $500,000, to help Assange’s family pay off the debt incurred by his travel and settlement expenses. [...] The donation link was posted by Stella Assange on June 25, and within 10 hours, an anonymous Bitcoiner paid over 8 Bitcoin (BTC) to the fund, almost clearing the goal of $520,000. He has also received over 300,000 British pounds ($380,000) in fiat donations so far.

The single Bitcoin donation was the largest donation to the fund, more than all other donations in all currencies combined. As a result, Assange will arrive in Australia debt free.

cross-posted from: https://lemmy.ml/post/17455858

Had dinner with some boomer-age family friends tonight who shared stories about their grandparents and other relatives who survived (or didn’t survive) the holocaust.

One family, posing as Christians, managed to escape Poland to the US in 1939. They had to travel through Nazi Germany and Italy on their journey.

This family invested much of their life savings into expensive camera equipment to not raise suspicion, as they were traveling under the pretense of going on holiday.

The conversation developed into all the ways people attempted to conceal and travel with wealth as they fled their homeland. Apparently, sewing diamonds into clothing was a common tactic.

These close friends were struck to hear how Bitcoin enables the storage and transfer of wealth by simply knowing a secret number. I told them of the work @gladstein and others are doing to get Bitcoin knowledge and tools into the hands of political activists and refugees.

“Fuck You Money” is a world changing technology. Let us not lose site of what really matters here 🫡 🤙

From nostr https://njump.me/nevent1qvzqqqqqqypzpz9zcw6zpd9qyacx4xrqp50aw39vdn739cspkaqcn0j77jet82j9qyfhwumn8ghj7mmxve3ksctfdch8qatz9uq3vamnwvaz7tmjv4kxz7fwdehhxarj9ehx2ap0qqsy98wlnfyk6ltxrgptyq6ysxhfwenseqawk08yz493yhdqsmcq4rgc787rs