I farm Ampleth but never thought that Yam will be product 👨‍🌾

I realize people might be tempted to downvote this because it's Coinbase related but I urge the opposite since it's actually a good demonstration to other exchanges on why they should implement transaction batching which is not only good for the network, but good for exchanges and good for customers!

we’ve realized 75.2% savings in transaction fees and have passed all of those savings on to our customers. We’ve also reduced our daily transaction count by 95%.

This is huge. For those running exchanges, run the numbers, batch your transactions!!!

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Very interesting. After reading the first two proposals I was like "using covenants would be way better". Predictably Jeremy Rubin proposes using covenants (via op_ctv) to make payment pools more flexible and efficient.

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I love that their actions had absolutely no impact on the usage of crypto in India

It’s booming all around the world

Watch next month

Who?? Are they supposed to be like a cheap knockoff of Michaelsoft?

August 2021 headline:

MicroStrategy declares bankruptcy as "Treasury Reserves" turn into "Gambling Losses" when "CEO" "dies" and takes private keys with him

Thing is, if they are successful, there will be copycats.

In December 2000, the U.S. Securities and Exchange Commission brought charges against the company and its executives.[14] A lawsuit was subsequently filed against MicroStrategy and certain of its officials over fraud.[15] In December 2000, Saylor, Bansal, and the company's former CFO settled with the SEC without admitting wrongdoing, each paying $350,000 in fines. The officers also paid a combined total of $10 million in disgorgement. The company settled with the SEC, hiring an independent director to ensure regulatory compliance.

Sounds like they are getting back to their roots!

Bitcoin does not give a fuck about gender or intellectually stunted garbage like social justice.

Snapshots:

1. MicroStrategy Adopts Bitcoin as Pri... - archive.org, archive.today*

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Well, looks like they have a lot of business intelligence ;)

You wanna know what’s really crazy? It only takes about 15 companies like this to eat up all new bitcoin minted per year.

And there’s thousands of companies larger than Microstrategy.

Well sheeeeeeeeeeeeeiiiiiiii

Well, it seems like another 21,545 millionaires will not be able to buy a whole bitcoin now.

Imagine buying .001% of all the bitcoin that will ever exist. Jesus Christ. The 1000 club.

if you don't buy the dip, you'll buy the top! choose wisely

 announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million

That works out to $11,652 per BTC.

This is gentleman.

BULLISH

“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”

Interesting to watch their stock rise in response. Currently up 15% - https://www.nasdaq.com/market-activity/stocks/mstr

Mr.Saylor, CEO: Bitcoin is harder,stronger,faster,smarter

“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value. Bitcoin is digital gold – harder, stronger, faster, and smarter than any money that has preceded it. We expect its value to accrete with advances in technology, expanding adoption, and the network effect that has fueled the rise of so many category killers in the modern era.”

...does anyone else question the legality of a publicly traded company putting a quarter billion into crypto which can disappear real fast unlike any other cash or stock assets? Is this even allowed by SEC?

MicroStrategy stock is now a derivative investment vehicle into Bitcoin... we should now see it's market capitalization correlate with the market cap of Bitcoin

TLDR.: buying 250 mill. Worth of bitcoin does not move the price

“MicroStratergy Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses. The purchase of Bitcoin cryptocurrency was made pursuant to the two-pronged capital allocation strategy previously announced by the company when it released its second quarter 2020 financial results on July 28, 2020.

They are denominating their balance sheet in btc...any future free cash flow will be covered into btc.. wait until wall st sees their stock price in 1 year.

Selling btc at 100k will be like selling btc at 200 before it went to 20k.

And it's Warren Buffet's company that is reporting it. You love to see it :)

I saw this just a few minutes ago. Sounds like a adoption to me although you've got to wonder what kind of balls that companies got to go so heavy into it.

Title I would have used:

MicroStrategy Incorporated (Nasdaq: MSTR) announced it has purchased 21,454 bitcoins for $250 million to hedge against COVID-related inflation.

MicroStrategy Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses. The purchase of Bitcoin cryptocurrency was made pursuant to the two-pronged capital allocation strategy previously announced by the company when it released its second quarter 2020 financial results on July 28, 2020.
[...]
“This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”

This is quite a big deal because MicroStrategy has been around since 1989 and they are in the business of analyzing data to make informed business decisions, so they wouldn't make such grand statements/business decisions just on a whim.

Looks better in some regards except for the cringe name.

Mind boggling stuff. Essentially, what happens is that in centralized exchanges algorithms are on the side of MMs(market makers) and traders as they hire bright minds(programmers). With Dexes power shifts towards all liquidity providers (small and large), which are MMs for Dexes, so programmers are on the other side - their task now is to attract a lot of liquidity.

This is very interesting. So basically the idea is delaying the price update of the system to increase the number of arbitrage trades necessary after a big initial trade generated slippage, thus bringing more profits to liquidity providers. However i dont understand how this delay mecanic doesnt potentially open the way to nasty exploits one way or another. Possibly combined with the infamous flash loans. It feels like a dangerous mecanic.

Will there be a Mooniswap DAO with its own token? If not, they will have a hard time competing with Balancer.

I know Uniswap does not (yet) have a token, but they have the first-mover advantage. All the Uniswap competitors need to incentivize liquidity providers in order to get enough liquidity.

More fees for liquidity providers (as Mooniswap promises) sounds great, but it's not enough. They also need DAO and their own token (which is distributed to liquidity providers).

Have they got their own token?

Good for them! Competition is good. Can't say I completely understood the virtual balances and how the algorithm improves the situation for LPs. Any eli5 here is appreciated.

Supposed to protect against front-running & capitalizes on slippage for users. Interesting to see it compete with Uniswap

Dude, you're kicking the hornets nest. The BCH cult hates BTC and lightning!

Lol the bch community is downvoting this because lightning will annihilate their shitcoin

You gotta hand it to the BTC people. They keep pretending there are many good ideas for using their "lightning Network" like a team of very professional pretenders.

Awesome! I’ve been using since alpha and works great!

Save 20% off Domino's and Papa John's using Bitcoin Cash and Purse.io

Bitrefill Restaurant gift cards

Dominos 6% off, Papa John’s 5%, Burger King 4% and many more.

Many other categories as well.

Trump has defeated the Chinese food he ate this evening. Mission accomplished

Best evidence that TLS 1.3 works

Why didn't they block 1.2? Can they backdoor it?

I understand this is done with deep packet inspection by dedicated hardware. Would it be possible to DDOS these machines by overloading them with TLS traffic or malformed packets?

This is going to be great for day zero's too.

Blocking what they cannot decrypt?

The focus here isn't tls 1.3 or encryption quality, it's specifically the ESNI feature in tls 1.3. The uk was also quite aggressive when Mozilla tried to roll out DoH, which would've enabled ESNI by default in uk.

Soon coming to a country near you!

So we can safely say that they broke TLS 1.2 encryption or they would ban that too.

Edit: oooh nevermind. They're actually just blocking ESNI which is only available in TLS 1.3. I read it as blocking TLS 1.3 AND blocking ESNI.

communism

oof

does anyone have an example of a website that fit in this catagory?

That’s quite the endorsement from the CCP. That said, you’ll know once they crack it when it suddenly becomes legal again.

WTH

Can’t crack it? Block it!

What are the philosophical pros and cons for offering or not offering TLS 1.2 to chinese users?

One might say "eff the chinese blocking initiative, let's go full TLS 1.3 only because obviously it just got knighted by chinese intelligence as strong encryption (thus "good")

-OR-

one might say "Well, let's offer TLS 1.2 for chinese users because it's better than getting blocked or having no encryption at all (for them)".

Wow does that mean, by implication, they are OK with TLS up to 1.2 because they can break it? Because if they don't they would have blocked TLS 1.2 as well, wouldn't they?

That is making me trust the TLS 1.3 encryption scheme even more.

Prediction: They're blocking it because they've broken it. The surest way to make sure you get people to do something you want is by forbidding them to do it without having a means of enforcing it.

In the old days some king or another got his people to eat potatoes by having a field planted with them, forbidding it, and then forgetting to post any guards.

I'm calling it now.

It's getting harder and harder to evade machine learning

Are Americans able to understand that tariffs are US taxes that will be used to pay for wars, debt, and the police state?

Makes it easier for them to spy, right? But doesn't it also make it easier for non-governmental hackers?

I'm afraid that other countries will follow. China is exporting their censorship technology to other countries.

Or it’s been cracked by the NSA

Wow banking and online shopping are going to just end in a few months. I mean just thinking about the traffic that can be picked up on a local wifi router or a ISP switch that has a sniffer on it can be the end for online trust I would think.

if this isnt FP lets get it there!

Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: Frdwrd

Here is the second part @medvedev1088/ethereum-in-bigquery-how-we-built-it-part-2-b4426d0ce243">https://medium.com/@medvedev1088/ethereum-in-bigquery-how-we-built-it-part-2-b4426d0ce243

“The next big feature we are going to work on is support for message calls (a.k.a. internal transactions), which will uncover many interesting use cases such as querying all addresses that ever existed, along with their balances and querying all contracts. Another big feature is the streaming support, which will allow analysis of live Ethereum data.”

"Leveraging the power of BigQuery allows you to access the Ethereum blockchain via SQL and find meaningful insights rapidly. This data can also be easily exported to CSV, Avro, or JSON files and used for further analysis using graph databases, visualization tools, and machine learning frameworks."

That is really big! Many people out there in the world of data who needed easier ways to query Ethereum. Now, Google has helped open it up to them.

Blockchain as in “blockchain”? The panacea?... don’t think so...!

Well...if countries are run by companies...makes sense that they issue their own stable coin...

Epic

My goldballsacks

Goldman to clients : "Cryptocurrencies are not an asset class, they don't generate any cash flow like bonds, it's not a viable investment"

Goldman internally : "Fuck fuck fuck we need bitcoin exposure, we need to build our own crypto, fast, fast, fuck fuck we're late, we can't keep lying to those idiots forever"

Perfect example of don´t listen what they say, watch what they do. As soon as the big old, slow moving banksters find a way to make money they all of a sudden are very open to work with crypto products.

Goldman crypto scams incomming!

Great article. The dinosaurs are waking up! 🦕

Powerful quote here: “In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain,” McDermott said in an interview. “So what you’re doing today in the physical world, you just do digitally, creating huge efficiencies. And that can be debt issuances, securitization, loan origination; essentially you’ll have a digital financial markets ecosystem, the options are pretty vast”

Etc sucks. Hold eth!!

womp womp

This is a classic attack for ETH Classic. Who is HOLDing it?

Immutable chain reorgs

I remember about a year or so ago about the time of ETC's first 51% attack, there was talk about exchanges potentially adapting automatic retaliatory mining to wrestle their funds back, to drive up the cost of such an attack (assuming the original attacker choose to persist) or to discourage this type of attack in general up to the value of the heist or beyond.

Obviously they haven't implemented this; does anyone know if they definitively decided against it or if they just put it on a back burner and may look into it again now that it's an issue?

Still better than ripple.

time to pump it.

Lol..... Classic

Problem with relatively low power POW chains is that someone can rent massive amounts of power and 51% attack.

Take a look atnthis : https://www.crypto51.app/

​

Atm it cost $555k an hour to 51% attack Bitcoin, given you can source that hashpower.

Who actually invests in this coin...? Thats like the 4th or 5th time it's been hacked.

jeez, just throw the whole blockchain out already

I am definitely not gonna buy ETC anytime soon.

According to https://www.crypto51.app/, it only costs about $6,000 per hour to perform a 51% attack on ETC.

At least it wasn't censored, eh, ETH?

Who the hell is still holding ETC?

Classic!

You know it's bull market when a shitcoin pumps after a 51% attack.

I can't believe i was fully invested in this at some point.... Uhhh

PoS is better than PoW

All the low-volume chains will die. The shocker is that they haven’t yet; it’s so cheap to rent 51% hashpower when maybe a few dozen bagholders are actually mining

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this coins dead as a doornail now......been attacked one to many times....rip

ROLL BACK THE CHAIN! Oh wait....

Yes.

March 2013 a successful double spend attack on bitcoin happened when a corrupt block got accepted by most miners.

• https://en.bitcoin.it/wiki/BIP_0050
• https://bitcoin.org/en/alert/2013-03-11-chain-fork

There were some big SW bugs like the Android k-value bug that left some users with drained UTXOs, but that wasn't really blockchain or hashrate based.

Coin gets attacked 2 times in a week. Sub is empty. Etc is just dead, cant call it otherwise.

Not btc but happens plenty with other coins, this is the second time it hits ethereum classic. Basically don't trust PoW unless its top 10 market cap.

Not with Bitcoin, but lower value coins such as Bitcoin Gold have been 51% attacked successfully multiple times. Google would probably turn up other coins it had happened to.

no becuase bitcoin's hashrate is huge and much harder to get that level. When pools have gotten too big the pool operates have sent out alert asking people to switch once.

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So you buy RAI for ETH to have less volatile ETH and then you deposit RAI to mint their future stablecoin? Is that the idea?