5

2 3

4

1 4

4

3 2

2

23 25

Jon Matonis - @jonmatonis

RT @barrysilbert: Gradually, then suddenly https://t.co/nTvVHNZraW

278 1146

TheHODLAnalyst⚡️ - @PaytheTollman

RT @nic__carter: This is totally bananas. Shout out @MattWalshInBos for breaking this news initially! https://t.co/kUt95BzAya

119 779

Tyler Winklevoss - @tylerwinklevoss

RT @gaborgurbacs: Publicly traded company MicroStrategy adopts #Bitcoin as a treasury reserve asset to hedge against fiat inflation. MicroStrategy allocates $250mm to Bitcoin. This is a big deal and good to see #Bitcoin used as intended: hard money/savings instrument. https://t.co/UWj2p4Pc6D

159 557

Raz - @suprraz

This tweet aged well https://t.co/jeV4gR8pUJ https://t.co/z3EemOtw00

0 0

Hunter Horsley - @HHorsley

RT @nic__carter: This is totally bananas. Shout out @MattWalshInBos for breaking this news initially! https://t.co/kUt95BzAya

222 736

Mason & Co. - @masonic_tweets

RT @alansilbert: Big move here: https://t.co/MKSoZGWNHf

4 30

฿TF%$D! - @CryptoHustle

RT @nic__carter: This is totally bananas. Shout out @MattWalshInBos for breaking this news initially! https://t.co/kUt95BzAya

213 696

Erik Voorhees - @ErikVoorhees

MicroStrategy is this year’s Bitcoin Sign Guy 🍻 https://t.co/FDnghhAEsK

5 53

Bitcoin Magazine - @BitcoinMagazine

MicroStrategy adopts #Bitcoin as its primary treasury reserve asset! "Bitcoin is digital gold - harder, stronger, faster, and smarter than any money that has preceded it" They understand BTC and as time goes on, more and more companies will adopt Bitcoin. 🚀🐂 https://t.co/5vwH3WRESd

7 14

Michael Goldstein - @bitstein

RT @saifedean: So it begins: MicroStrategy is the first large corporation to hold bitcoin as a cash reserve asset. “Bitcoin ... is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash." https://t.co/AuRhsNNb3D

170 548

Brooke ⚡️ - @bitcoinmom

RT @nic__carter: This is totally bananas. Shout out @MattWalshInBos for breaking this news initially! https://t.co/kUt95BzAya

194 604

Tuur Demeester - @TuurDemeester

Milestone, I expect many companies to follow. As Gerald Swanson says in "The Hyperinflation Survival Guide": Cash management is the difference between profits and bankruptcy. The single fact that influences every decision is: Time eats money." https://t.co/bnbgcSg1jI

0 29

Dan McArdle - @robustus

These folks are full-on bitcoiners: https://t.co/yNe03xYTUw https://t.co/QBR6o5RdKN

1 10

Andrea O'Sullivan - @anjiecast

Today in Bitcoin: MicroStrategy adopts BTC as primary reserve asset (21,454 BTC) https://t.co/oVWayCpGB1

0 0

Justin - @MindsFiction

RT @barrysilbert: Gradually, then suddenly https://t.co/nTvVHNZraW

121 399

Pierre Rochard - @pierre_rochard

RT @saifedean: So it begins: MicroStrategy is the first large corporation to hold bitcoin as a cash reserve asset. “Bitcoin ... is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash." https://t.co/AuRhsNNb3D

7 99

Christopher Wheeler - @Stocktrader

RT @saifedean: So it begins: MicroStrategy is the first large corporation to hold bitcoin as a cash reserve asset. “Bitcoin ... is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash." https://t.co/AuRhsNNb3D

87 312

CZ - @cz_binance

Smart publicly listed company buys $250,000,000 worth of #bitcoin, as a safe heaven asset. Stimulus money flowing from Wall Street into #bitcoin. Are you in front or behind them? https://t.co/1FYLZERjkS

85 271

Daniel Ƀ - @csuwildcat

RT @nic__carter: This is totally bananas. Shout out @MattWalshInBos for breaking this news initially! https://t.co/kUt95BzAya

158 472

Ameer Rosic - @AmeerRosic

We all knew this is coming. Long #Bitcoin https://t.co/dql4zuyRgA

1 4

Charlie Shrem - @CharlieShrem

RT @barrysilbert: Gradually, then suddenly https://t.co/nTvVHNZraW

87 260

Wong Joon Ian - @joonian

RT @ericturnr: In 2017 companies mentioned "blockchain" on earnings calls to show they were innovative. In 2020 they are buying $250mm in bitcoin. Shit just got real. https://t.co/yL8gSgBHUh

2 8

Gary Nuttall - @gpn01

Two #cryptocurrency news items in a day! Microstrategy announces that they have bought 21, 454 BTC for $250 million as part of their treasury / reserve / hedging portfolio. #bitcoin #btc #cryptoassets #cryptocurrencies #cryptonews https://t.co/L0l4WF60d8

0 1

Tim Pastoor - @timpastoor

"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" https://t.co/7P1cZnoIOb

0 0

John Lilic - @JohnLilic

Poor circadian rhythm not withstanding, this is big news for #btc https://t.co/P7eX4fmE9X

1 1

FuckThisToxicSite 49 mins ago

August 2021 headline:

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

1

zomgitsduke 2 hs ago

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

1

thehoesmaketheman 3 hs ago

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!

1

SnapshillBot 5 hs ago

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

Snapshots:

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

I am just a simple bot, not a moderator of this subreddit | bot subreddit | contact the maintainers

1

yUnoPOLO 5 hs ago

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

1

SnooMacarons9415 redditor for 1 week 6 hs ago

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.

3

BismuthMoon 7 hs ago

Well sheeeeeeeeeeeeeiiiiiiii

1

freebit 11 hs ago

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

13

TurongaFry3000 redditor for 3 weeks 5 hs ago

The maximum possible Full Coin Club membership is dropping every day.

5

Kahilm 11 hs ago

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

4

m4uer 7 hs ago

It’s 0.1%

4

victhroway1234532 12 hs ago

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

1

Cryptolution 12 hs ago

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.

14

ace- 12 hs ago

BULLISH

6

nanooverbtc Redditor for 2,000 years. 13 hs ago

“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.”

2

Manticlops 13 hs ago

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

24

whatporraisthis redditor for 7 weeks 10 hs ago

This is not the (only) reason. They also announced a $250m stock buyback at a range higher than the previous close price. [https://finance.yahoo.com/news/microstrategy-announces-commencement-modified-dutch-100000262.html](https://finance.yahoo.com/news/microstrategy-announces-commencement-modified-dutch-100000262.html)

3

AmoBitcoin 13 hs ago

Good news, I am sure other companies will look at this as a sign that investing in bitcoin will result in stock rise, at least in the short term.

13

ElephantsAreHeavy 13 hs ago

If a companies value is made up out off its underlying holdings, why would you hold that company and not the underlying holdings? Is such a company not the textbook definition of a bubble?

0

Utoko 3 hs ago

That has nothing to do with a buddle. So the answer to your question is no. You should google what a bubble is. This is no different than berkshire hathaway. They make for you the decisions when it makes sense to buy stuff or sell stuff and diversify to reduce risk. It you inform yourself and keep up with what is going on. Yes it is a lot smarter to just buy the underlying holdings

1

Tiny_Frog 5 hs ago

I agree but for many it's still hard to invest directly into BTC. For many it's still easier or only possible (by rules/regulations in their investment holding) to invest in companies.

2

AmoBitcoin 12 hs ago

Perhaps, but what is implied is that more companies will start buying bitcoin in their interest to see their stock go up in value. The more the merrier. If bitcoin continues to go up in value then its unlikely they will sell in mass.

6

ElephantsAreHeavy 12 hs ago

This is FOMO,... not a structural benefit and solid increase.

0

BlammyWhammy 10 hs ago

A long term asset management plan and inflation hedge of 250mm is fomo? What would a non-fomo institutional purchase look like?

3

ElephantsAreHeavy 9 hs ago

If companies start buying btc because they see their share price going up if they buy btc, that is fomo. This was not a reply to OP, but to the statement un the previous reply.

0

BlammyWhammy 8 hs ago

What makes you think this is the case? They said themselves it's a hedge against inflation.

1

ElephantsAreHeavy 8 hs ago

Because of this https://i.redd.it/4o55stqxgyf51.jpg

0

BlammyWhammy 8 hs ago

Ok boomer

2

hans7070 redditor for 5 weeks 13 hs ago

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.”

13

brettg782 2 hs ago

This is also the guy who held the record for losing the most money in one day for a while. Not sure if it still hold true. [Michael Saylor loses $6 Billion in one day](https://www.washingtonpost.com/wp-srv/WPcap/2000-03/21/069r-032100-idx.html?tid=a_inl_manual)

1

Uneekyusername 13 hs ago

...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?

2

UpDown 12 hs ago

They're proabbly using a regulated custodian like coinbase. They probably also hve insurance

4

Uneekyusername 11 hs ago

I considered this after posting my comment. You're probably right.

2

the420chronicler 13 hs ago

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

8

hans7070 redditor for 5 weeks 13 hs ago

It's up 16% today oO

3

Quintall1 13 hs ago

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

0

paskapilluperse 13 hs ago

If they did the buying during the past few months, I think there's some correlation with uptrend. But the $250M isn't that large amount eitherway.

2

hans7070 redditor for 5 weeks 13 hs ago

They paid $11900 per bitcoin, but including fees and expenses

2

ornery_panfish redditor for 2 months 13 hs ago

Nothing in this press release suggests that. You don't know when they bought, if they all bought at once, or even if they bought on a public exchange instead of from a private investor. A $250M purchase all at once will definitely move the price, considering the size of the order books on most exchanges.

9

hans7070 redditor for 5 weeks 11 hs ago

They made the announcement to buy on July 28: "Accordingly, today, we are announcing a capital allocation strategy under which we plan to return up to $250 million to our shareholders over the next 12 months. In addition, we will seek to invest up to another $250 million over the next 12 months in one or more alternative investments or assets which may include stocks, bonds, commodities such as gold, digital assets such as **Bitcoin**, or other asset types."

5

Quintall1 13 hs ago

Their price per coins comes to 11652, so the purchases must be quite recently. Buying 21.000 bitcoin should have some effect on the market, either from otc or exchanges.

2

Automaton9000 12 hs ago

By definition OTC trades do not affect the market price. That's why they buy OTC.

2

Alqpzmyv 6 hs ago

Well it does indirectly affect market price though

3

MiguelLancaster 2 hs ago

How? If this article didn't come out then how would the market know?

1

ElephantsAreHeavy 12 hs ago

Or you know, someone charged them some fees for the privilege of selling them bitcoin.

1

Robby16 Platinum | QC: CC 322, BTC 32 14 hs ago

“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.

7

itisworking1 14 hs ago

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

17

TurongaFry3000 redditor for 3 weeks 5 hs ago

I'd like to buy some rat poison squared please.

1

Kpenney 14 hs ago

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.

6

Bitcoin1776 14 hs ago

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.

40

DoubleEdgeEX 9 hs ago

No anti-inflation measurementes needed. Just go with debt discharge and print more money. Still good news from OP though

2

kurdebolek 12 hs ago

This is getting scary. Imagine the riots if dollar actually collapses...

5

baronofbitcoin 11 hs ago

Adoption within companies could get exponential real quick.

5

TheGreatMuffin 14 hs ago

Clear and to the point. I like.

11

TheGreatMuffin 15 hs ago

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.

34

7 2

alicenekocat Developer 14 hs ago

Looks better in some regards except for the cringe name.

1

-TRIAS- 17 hs ago

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.

3

Kryptoboar 18 hs ago

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.

2

ElBuenMayini 7 hs ago

It is not explained anywhere, I would like to see the audits on this to see how they protect on these attacks. Maybe a max difference between the virtual and actual balances? What I like about uniswap's approach is that it's so simple, and the code is so minimal, it's very hard to have an issue in them.

3

Kryptoboar 5 hs ago

Indeed.

1

yUnoPOLO 1 - 2 years account age. 200 - 1000 comment karma. 18 hs ago

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).

1

lord_of_crypto 14 hs ago

I agree with this.. I think eventually they will have their own token as well

1

yUnoPOLO 1 - 2 years account age. 200 - 1000 comment karma. 12 hs ago

I hope so

1

xrpthestandard Yesterday

Have they got their own token?

3

lord_of_crypto 14 hs ago

There is no token as of now.. but I really believe every project will incorporate their own token at some point. Almost have to, to compete.

1

carlslarson Developer Yesterday

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.

2

lord_of_crypto Yesterday

Agreed, I would like to better understand how they are planning on redistributing the front-running (arbitrage) gains to LP's. I am going to test it out as a Liquidity Provider once there is a bit of volume and will report back

3

lord_of_crypto Yesterday

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

2

6 2

digital_pheonix 19 hs ago

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

0

hermanskledar 19 hs ago

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

0

Big_Bubbler Yesterday

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.

2

araicher Yesterday

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

0

hermanskledar 19 hs ago

Lol getting downvoted for no reason, bch is a scam and always will be

0

MemoryDealers Roger Ver - Bitcoin Entrepreneur - Bitcoin.com Yesterday

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

14

N0tMyRealAcct Yesterday

Interesting. I tried to create an account but it failed somehow. It seems to be some kind of auction mechanism, or is there a link to a concrete offer to buy pizza? I wanted to know if it also supported Lightning. It does use the word Lightning so it would seem so. Could someone enlighten me? I tried to check but as I wrote above my account creation failed somehow.

0

MemoryDealers Roger Ver - Bitcoin Entrepreneur - Bitcoin.com Yesterday

You buy a physical gift card that will be shipped to your house by Amazon. You then use the gift card to buy Pizza.

12

diradder 18 hs ago

> You buy a physical gift card that will be shipped to your house by Amazon. HAHAH! What is this, are we back in 2000? "Physical gift card" paid online... Do they fax it to me if I ask? 🤣 You're so funny Roger. With Lightning Network and Strike [the payment happens this way](https://www.youtube.com/watch?v=EzyUxAZJAIc), instantaneously from your fiat bank account, straight to the merchant. Different solutions exists on LN of course, not all involve a bank account. There are also plenty of non-custodial and fully trustless wallets which are easy to use (Phoenix, Eclair, BLW, etc. ([list](https://veriphi.io/en/blog/lightning-wallet-analysis))). Pick one you're comfortable with, like you would do with any Bitcoin wallet (as a matter of fact, most LN wallets support both on-chain and off chain transactions now). It's time to wake up Roger, nobody wants to deal with "physical gift cards"... or BCH for that matter, go [look at the falling number of BCH transactions happening](https://i.imgur.com/gh1eMMY.png).

2

500239 14 hs ago

Strike is a custodial service idiot lol. Do you not understand the point of Bitcoin?

1

Uvas23 6 hs ago

Yep, and you can pay instantly with your bank account through the Lightning Network. Awesome service. You can feel the impending doom. Alt-coin desperation goes up a notch! :-D

3

500239 6 hs ago

It's funny because LN was created to decentralize Bitcoin and keep it from centralizing and now since LN has been broken for the last 5 years with no end in sight, they're now recommending using custodial solutions which is arguably worse or same than a centralized one. Ironic really, that the proposed solutions for Bitcoin's scaling problems is a custodial solution. If this is the game plan, any altcoin that fails to scale or work can just hide behind some custodial solution and call it day, instead of dying and getting out of the way for coins that actually work. It's a detriment to crypto over all.

1

500239 Yesterday

way better than Strike and 20% > 6%. And /u/N0tMyRealAcct you don't have to give up control of your money via a custodial service.

6

shat256 Yesterday

You give up you physical address and have to wait for shipping. , the future is here

4

N0tMyRealAcct Yesterday

Bitrefill Restaurant gift cards

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

Many other categories as well.

0

500239 Yesterday

Why are you shilling a custodial service... Do you not understand the point of Bitcoin?

10

shat256 Yesterday

Bitrefill has nothing to do with strike , nor is it custodial

0

N0tMyRealAcct Yesterday

1) Strike is not custodial. It links to your bank account which already is custodial. 2) The rest of the infrastructure is using the Lightning network and is also not custodial. No matter how you feel about the technology it’s still 6% off for delicious pizza.

0

500239 Yesterday

> 1) Strike is not custodial. It links to your bank account which already is custodial. 2) The rest of the infrastructure is using the Lightning network and is also not custodial. Holy shit. Holy. SHit. You're shilling a product you don't even understand... > itcoin Lightning wallet developer Zap has released a new app, called Strike, which hopes to make it even easier for just about anyone to use Lightning. The app allows customers to make payments on Lightning using just a debit card or bank account.... **Unlike non-custodial Bitcoin wallets, where users look after their own Bitcoin, all of the funds will be held by Zap themselves. Similarly, Zap will be running a Bitcoin Lightning node and will make all the payments on behalf of the app’s users.** https://decrypt.co/18100/strike-app-helps-anyone-to-access-bitcoins-lightning Hot damn are you clueless. Do you even know what custodial means? Are you really this stupid, or just paid to shill Strike? Which is it?

9

jr0sco Yesterday

They have confused routing payments via Zap node with Zap holding the Bitcoin keys.

2

500239 14 hs ago

/u/N0tMyRealAcct can't even answer who holds the Lightning keys. Clearly not the user since they never have to setup a Lightning wallet. The delusion is real. What's that saying OG Bitcoiner's used to say? Not your keys, not your coins. Might as well use PayPal and save on the complications.

1

N0tMyRealAcct Yesterday

Here’s a [medium](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjK9fbX85HrAhUIY6wKHeZDBzsQFjAGegQIBxAB&url=https%3A%2F%2Fmedium.com%2F%40JimmyMow%2Fannouncing-strike-by-zap-4f578c7c8984&usg=AOvVaw2MWbA1GRCL8L2ltB7yW8xx) article about it where Jack Mallers explains that Strike isn’t custodial. The link you posted is incorrect. Edit: And could you be a bit less aggressive? I’m posting factually correct content and you are berating me. And to top that off you are getting upvoted. Posts might not get censored in this sub, but they certainly get suppressed. To other readers in this sub, is this the type of content and atmosphere you want? If so, just say so. Don’t say all content is welcome and then bite peoples head off. And to those that are just silently watching this abuse, shame on you.

1

500239 Yesterday

> Here’s a medium article about it where Jack Mallers explains that Strike isn’t custodial. Who holds the keys to your LN node, you or Strike? He explains exactly it's a custodial service. At no point do you manage your own keys for either Bitcoin or Lightning.

5

N0tMyRealAcct Yesterday

The article really is quite good. I recommend that you read it. You are exhausting me following me around and aggressively berating me so please show me that you at least tried to read and understand it and we can talk about it.

0

vegarde Yesterday

That is literally his modus operandi. It literally made me a worse person, trying to debate him when all I got back was my own arguments, twisted to the unrecognizable. He still does this, claim that I have said or claimed things I never did. So, I have yet again gone back to just ignoring it. He won't ever get a reply from me, even on his wildest claims. I recommend you stop too, because it \*will\* wear you down, and he will never ever have any interest in learning/debating in true faith, he's only in this to win points for his own case and paint his opponents in a bad light.

1

500239 9 hs ago

You're a worse person for pushing misinformation like where Bitcoin Core developers don't expect $100 fees, when in fact it's exactly the strategy that Bitcoin Core is going for when they pop their "champaign" https://www.reddit.com/r/btc/comments/i7naim/bitpay_finally_allows_bc1_segwit_wallets_the/g138dcd/ I even showed you the math and that's when you dropped the conversation. Quite telling I'm hitting the right spot.

1

MoonNoon Yesterday

So it goes user's bank -> Strike -> LN -> Purchase right?

3

N0tMyRealAcct Yesterday

Yes, I believe so.

2

MoonNoon Yesterday

So trust is required and they just recreated the banking system... Sorry man...

1

N0tMyRealAcct Yesterday

On the wallet side, not the vendor side. The idea here is to make an app as easy to use that anyone can pick it up and use and save money while using it. Your mom wants to save 6% on pizza right? Strike is a gateway into the Lightning infrastructure, not a Lightning wallet (only sort of and only under the hood). Since the threshold to use it is similar to that of using Venmo or some other cash app it is easy to get started with. To illustrate, Imagine that through a snap of Gandalf’s fingers every person in America had a strike wallet. There are now 300 million people that can spend lightning. It won’t happen like that of course. But in that imagined situation it all of a sudden makes sense to use Lightning. They’ll save tons of money on cutting out VISA. And now you and I can use a non-custodial wallet and have stores to shop at. It helps fix the catch 22 of who will build up first, customers or vendors.

0

MoonNoon Yesterday

> On the wallet side, not the vendor side. How so? Strike is the bank and they facilitate payment between the user and merchant. There might be another middle man to convert LNBTC to fiat for the merchant. They're essentially doing what bitpay is doing if the vendor gets fiat. It's great that progress is being made. Well, the thing is that Zap or strike is going to have to turn a profit for their investors so they will charge or sell your data.

2

500239 Yesterday

Then it's custodial. Can you even retrieve your keys for your "Bitcoin" or "Lightning" node?

5

hermanskledar 19 hs ago

Yes you dont understand this app, i has been made as a bridge between lightning and fiat. Strike connects to your bank account if you want to make a purchase strike sent these sats to the invoice given. Strike doesnt hold you keys its a bridge

0

500239 14 hs ago

You never set up your own wallet, then how could anyone else but them hold the keys? Are you dense? > **Unlike non-custodial Bitcoin wallets, where users look after their own Bitcoin, all of the funds will be held by Zap themselves. Similarly, Zap will be running a Bitcoin Lightning node and will make all the payments on behalf of the app’s users.** https://decrypt.co/18100/strike-app-helps-anyone-to-access-bitcoins-lightning

0

MoonNoon Yesterday

I suppose technically not a custodian of BTC... but trust is required.

1

500239 Yesterday

/u/N0tMyRealAcct is going to give us some grand explanation for why Strike holds your LN keys, ie a custodial service in 3..2..1..

6

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25 1 2

capseaslug Yesterday

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

0

SkitzMon Yesterday

Best evidence that TLS 1.3 works

3

sku-sku Yesterday

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

1

coldasthegrave Yesterday

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?

4

oerrox android Yesterday

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

2

Imightbenormal Yesterday

Blocking what they cannot decrypt?

0

kpcyrd Yesterday

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.

7

gamer9999999999 Yesterday

Soon coming to a country near you!

3

Xzenor Yesterday

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.

1

ericformansdad Yesterday

communism

1

GreekCSharpDeveloper Yesterday

oof

1

zzjjkk Yesterday

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

1

Narcofeels Yesterday

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

0

YebjPHFrUgNJAEIOwuRk Yesterday

WTH

1

chin_waghing Yesterday

Can’t crack it? Block it!

1

Max-_-Power Yesterday

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)".

9

Max-_-Power Yesterday

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?

21

dn3t Yesterday

TLS 1.2 has plaintext SNI, TLS 1.3 has ESNI, where E stands for encrypted. With many websites being behind Cloudflare et al where you can't get much information about the domain name being visited based on the IP address, cleartext SNI was an easy way to block certain domains while not others, sharing the same IP address. With ESNI, this doesn't work anymore, hence blocking TLS 1.3 as an easy solution. Edit: autocorrect

52

AnonymousMDCCCXIII Yesterday

Okay so this is all to make sure their Great Firewall doesn’t fail?

1

dn3t Yesterday

If they'd block everything, that'd be on overkill even for them. By detecting the actual domain based on SNI, they get a finer control on which TLS sessions to allow and which to block. In some way, yes they make sure that the firewall doesn't fail by terminating connections where they cannot be sure the domain isn't on the list of blocked sites. So they prefer false positives to false negatives.

1

euryshoose Yesterday

Great explanation, thanks.

6

Styxt Yesterday

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

120

spektre Yesterday

No no, this is a benevolent move by the Chinese government, who has discovered a weakness in TLS 1.3 and doesn't want their citizens exposed to it, obviously.

26

Max-_-Power Yesterday

Me too. Makes me wonder whether the parties that opposed TLS 1.3 in the standardization process were in fact US intelligence or chinese intelligence sock puppets.

39

choufleur47 Yesterday

TLS was invented by the NSA. You can bet they're using it to spy on everyone. I'd make my own equivalent if I were China. Make sense from a national security standpoint and the concept of tls isn't hard.

0

xcto Yesterday

nope, https://en.wikipedia.org/wiki/Internet_Engineering_Task_Force

0

choufleur47 Yesterday

Dude. >The Transport Layer Security Protocol (TLS), together with several other basic network security platforms, was developed through a joint initiative begun in August 1986, among the National Security Agency, the National Bureau of Standards, the Defense Communications Agency, and twelve communications and computer corporations who initiated a special project called the Secure Data Network System (SDNS).[[14]](https://en.m.wikipedia.org/wiki/Transport_Layer_Security#cite_note-14) You know nothing. This sub is spectacularly retarded.

0

xcto Yesterday

I thought we were talking about tls 1.3

1

choufleur47 Yesterday

IETF was funded by the US government. They only recently started to "distance themselves" after the snowden revelations. I mean, member RSA? lol I bet you believe Intel ME is to get you nice bios features! China isnt buying it though.

1

xcto Yesterday

You're not wrong, but you're kinda being a dick about everything so I don't really want to acknowledge to you. Just... Chill... Bitching at the choir, bruh

1

RoastedMocha Yesterday

I don’t think so. You can audit encryption schemes. It’s not like it’s proprietary software.

6

choufleur47 Yesterday

Yet heartbleed wasn't about proprietary software and the NSA knew about it for years and exploited it. https://www.bloomberg.com/news/articles/2014-04-11/nsa-said-to-have-used-heartbleed-bug-exposing-consumers Were talking national security here.

1

Chainmanner Yesterday

Yes, the NSA found an exploit, stockpiled it, and used it for a long time before non-NSA researchers found it. This doesn't necessarily mean they designed it to have that from the get-go when they designed TLS. In fact, Heartbleed wasn't a mistake in the TLS protocol, it was a buffer overread vulnerability discovered in OpenSSL, so I don't see how it proves your point about not trusting TLS because the NSA made it.

1

theGiogi Yesterday

How though? If the math is sound, then they would need to control all (or most) implementations right? Truly asking here.

26

choufleur47 Yesterday

I don't know enough about it, I just know they made it and that would be enough for me not to use it if I was a country seen as "hostile" by the USA

0

ntldr Yesterday

I mean, the math is only sound until proven otherwise. I think the implication is that the US intelligence community is aware of an undisclosed vulnerability. It's possible, but if that vulnerability were to be discovered and publicly disclosed they would pretty much have to fix it. A backdoor is only useful if you're the only one that knows about it.

3

Whackjob-KSP 1 day ago

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.

0

1270n3 1 day ago

It's getting harder and harder to evade machine learning

1

dcjogger 2 days ago

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

1

VariousDelta 2 days ago

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

37

Max-_-Power Yesterday

Yes and I'd even say it does also make life easier for non-chinese governmental hackers to spy on chinese Internet traffic.

39

KokoBlater 1 day ago

Yup, there is multiple vulns in TLS 1.2 such as downgrade attacks.

4

subarun7 2 days ago

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

2

wearedoomed666 2 days ago

Or it’s been cracked by the NSA

1

Raregolddragon 2 days ago

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.

1

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12

Pierre Rochard - @pierre_rochard

RT @btc: Today marks the third anniversary of the day #SegWit reached lock-in threshold on the #Bitcoin network. Today also marks the launch of the #BTCTimes. The @BTC Times delivers quality reporting of the #Bitcoin news you care about: https://t.co/fdnhv0w8R8

129 492

Adam Back - @adam3us

RT @btc: Today marks the third anniversary of the day #SegWit reached lock-in threshold on the #Bitcoin network. Today also marks the launch of the #BTCTimes. The @BTC Times delivers quality reporting of the #Bitcoin news you care about: https://t.co/fdnhv0w8R8

75 271

Brooke ⚡️ - @bitcoinmom

RT @btc: Today marks the third anniversary of the day #SegWit reached lock-in threshold on the #Bitcoin network. Today also marks the launch of the #BTCTimes. The @BTC Times delivers quality reporting of the #Bitcoin news you care about: https://t.co/fdnhv0w8R8

71 250

WhalePanda - @WhalePanda

RT @btc: Today marks the third anniversary of the day #SegWit reached lock-in threshold on the #Bitcoin network. Today also marks the launch of the #BTCTimes. The @BTC Times delivers quality reporting of the #Bitcoin news you care about: https://t.co/fdnhv0w8R8

0 5

Aaron van Wirdum - @AaronvanW

RT @btc: Today marks the third anniversary of the day #SegWit reached lock-in threshold on the #Bitcoin network. Today also marks the launch of the #BTCTimes. The @BTC Times delivers quality reporting of the #Bitcoin news you care about: https://t.co/fdnhv0w8R8

0 3

Michael Goldstein - @bitstein

RT @eiaine: Hey kids! Do you like Bitcoin? Are you tired of crypto journalists who don't know their blockchain from a hole in the ground? Follow @btc! https://t.co/ohfjJCtn6F

9 53

Charlie Lee [LTC] - @SatoshiLite

RT @btc: Today marks the third anniversary of the day #SegWit reached lock-in threshold on the #Bitcoin network. Today also marks the launch of the #BTCTimes. The @BTC Times delivers quality reporting of the #Bitcoin news you care about: https://t.co/fdnhv0w8R8

34 124

ecurrencyhodler - @ecurrencyhodler

RT @btc: Today marks the third anniversary of the day #SegWit reached lock-in threshold on the #Bitcoin network. Today also marks the launch of the #BTCTimes. The @BTC Times delivers quality reporting of the #Bitcoin news you care about: https://t.co/fdnhv0w8R8

27 84

Nick Szabo⚡️ - @NickSzabo4

RT @eiaine: Hey kids! Do you like Bitcoin? Are you tired of crypto journalists who don't know their blockchain from a hole in the ground? Follow @btc! https://t.co/ohfjJCtn6F

3 13

Alistair Milne - @alistairmilne

Exciting new #Bitcoin news site from @lopp @eiaine @LinaSeiche @AaronvanW @giacomozucco Backed by @SatoshiLite @fluffypony @Excellion & some other idiot that isn't important https://t.co/SUTJO1JUyn

1 10

Jameson Lopp - @lopp

RT @btc: Today marks the third anniversary of the day #SegWit reached lock-in threshold on the #Bitcoin network. Today also marks the launch of the #BTCTimes. The @BTC Times delivers quality reporting of the #Bitcoin news you care about: https://t.co/fdnhv0w8R8

17 44

Joseph Young - @iamjosephyoung

RT @btc: Today marks the third anniversary of the day #SegWit reached lock-in threshold on the #Bitcoin network. Today also marks the launch of the #BTCTimes. The @BTC Times delivers quality reporting of the #Bitcoin news you care about: https://t.co/fdnhv0w8R8

4 18

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StaticWood 4 days ago

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

2

mariouy1986 Redditor for 2 months. 4 days ago

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

3

starameski 4 days ago

Epic

2

Norisz666 Troll 4 days ago

My goldballsacks

6

-xstatic- 4 days ago

Golden Ballsachs

2

litpath DeFi afficionado :Ethereum: 4 days ago

Noris my man are u ok

2

Razkolol Gold | QC: BTC 27 | r/WallStreetBets 175 4 days ago

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"

0

DoubleEdgeEX Redditor for 3 months. 4 days ago

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.

4

samsedar Tin 4 days ago

Goldman crypto scams incomming!

1

thelionshire Silver | QC: ICX 452, XLM 177, REQ 67 | LINK 34 | 5 days ago

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”

8

MoonNoon Platinum | QC: BCH 515, BTC 24 | TraderSubs 11 5 days ago

Seriously this is huge in my book. This is the start of actual fundamentals. Even if they create their own coin, it only helps legitimizing cryptocurrencies in general. > “We’ve definitely seen an uptick in interest across some of our institutional clients who are exploring how they can participate in this space,” he said. “It definitely feels like there is a resurgence of interest in cryptocurrencies.” It's sounding more and more ripe for a bull run. Too much profit potential to ignore for investors.

6

thelionshire Silver | QC: ICX 452, XLM 177, REQ 67 | LINK 34 | 5 days ago

I agree! Banks are joining and won’t be left behind!

2

3

4

23 4

iluvzxc 8 - 9 years account age. 113 - 225 comment karma. 3 days ago

Etc sucks. Hold eth!!

1

ChainHacking 4 days ago

womp womp

0

SwapzoneIO Tin 4 days ago

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

1

cryptroop Platinum | QC: CC 139, ETH 42 | TraderSubs 30 5 days ago

Immutable chain reorgs

2

natufian Silver | QC: CC 85, DOGE 38 | IOTA 90 5 days ago

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?

1

drunkshihtzu2 5 days ago

Still better than ripple.

2

Punchpplay Gold | QC: CC 42, BTC 15, ETH 15 | BSV 17 | Trader 5 days ago

time to pump it.

2

neo-1000 5 days ago

Lol..... Classic

5

areddituser46 Platinum | QC: CC 102 | MiningSubs 15 5 days ago

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.

3

Brunswickstreet Platinum | QC: CC 185, BTC 162, ADA 50 | TraderSub 4 days ago

This page is actually terrible at determining the cost of a 51% attack. The hard thing about a 51% attack isnt the power needed but to actually get hold of the hashrate. Its like me saying instead of buying tomatoes just buy tomatoe seeds its way cheaper! What I'm not mentioning is the water, fertilizer and time you need to grow the tomatoe until you can eat it. I would guess the real cost of an hour of a 51% attack on Bitcoin probably already lies in the billions right now.

1

cryptolicious501 Silver | QC: KIN 176, CC 108, ETH 33 | VET 38 | Tr 5 days ago

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

8

Fritz1818 Tin 5 days ago

jeez, just throw the whole blockchain out already

1

Trollercoaster101 5 days ago

I am definitely not gonna buy ETC anytime soon.

6

skewbed Programmer 5 days ago

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

9

JTrader126 5 days ago

well for what it is that site doesn't take other things into account To attack Dash the attacker would also need >50% of masternodes and that is many millions in USD. So that site isn't really accurate so I would take it with a grain of salt.

6

ebaley Gold | QC: BTC 752 | BCH critic 5 days ago

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

0

TechCynical Platinum | QC: CC 227, BCH 85 | NANO 12 | r/Androi 5 days ago

theres the cringe ass ebaley comment I havent seen in a bit.

7

1MightBeAPenguin Platinum | QC: BCH 195 5 days ago

Something something glass houses and stones

1

GreenEyeFitBoy 5 days ago

Who the hell is still holding ETC?

23

MediumAdhesiveness5 5 days ago

Definitely Grayscale Ethereum Classic Trust https://grayscale.co/ethereum-classic-trust/

10

Owdy Silver | QC: ETH 494, CC 65, BTC 24 | IOTA 29 | Tr 5 days ago

[Yuuup](https://twitter.com/barrysilbert/status/759110211718246400?s=19)

3

alex54321538 Tin 5 days ago

Was looking for this lol

3

stake_pool Redditor for 1 months. 5 days ago

Classic!

14

alicenekocat Developer 5 days ago

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

2

The_Crypto_Economist 5 days ago

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

1

PeakLL Gold | QC: CC 33 | r/FinancialIndependence 50 5 days ago

PoS is better than PoW

4

necropuddi Gold | QC: ADA 17 | r/Investing 15 5 days ago

I think the better way to put it is, there is only room for 1 PoW chain (any other chain that is smaller is susceptible to goldfinger attack)

12

-lightfoot Redditor for 5 months. 5 days ago

Yeah, [btc is a shining example ](https://news.bitcoin.com/5-mining-50-btc-hashrate/)of security through trustless decentralisation /s Edit: so many downvotes, no actual counterargument. *is it a cult? o_0*

0

Darius510 Platinum | QC: CC 344, BTC 113, ETH 99 | r/pcgamin 5 days ago

Because the counterarguments are so stupidly obvious that no one is even bothering to make them.

0

-lightfoot Redditor for 5 months. 5 days ago

Please enlighten this lower being with your obvious information confirming how PoW doesn’t inherently favour large centralised mining farms via economies of scale, and how that isn’t clearly prevalent and increasing in bitcoin

1

bryanwag Silver | QC: CC 209, PRL 17 | NANO 638 5 days ago

The more accurate way to say it is there is only room for 1 PoW coin per PoW algorithm. You can tune your algorithm so that ASICs designed for Bitcoin or Ethereum have little advantage over GPU/CPU when mining your coin. RandomX used by Monero is such example.

15

donttouchmyfries 9 - 10 years account age. 500 - 1000 comment karma 5 days ago

This 100%. These attacks have made me intuitively skeptical of all PoW coins that aren't XMR. The CPU bound RandomX and the decent "background" CPU miner built in to monerod make it more distributed. Pools and ASICs are bad. This proves it imo.

3

vegasluna Platinum | QC: ETH 201, CC 107, BTC 35 | TraderSub 5 days ago

PoW has both spam and 51% atk vectors. its in its final days of providing blockchain security... ETH2 will make PoW obsolete early adopter technology.

0

necropuddi Gold | QC: ADA 17 | r/Investing 15 5 days ago

I still think there's room for Bitcoin in the ecosystem in the long run as the digital gold (and not currency due to its inflexibility), just that the price will max out soon due to electricity constraints. 20-30k BTC is like Canada's electricity output at equilibrium, which I think would already be pushing the limits. Anything like 100k is just ridiculous (might top out at 100k briefly but it won't hold). You can't be using up China or USA's total electricity output on a bunch of ASICs and not have something go wrong (either government[s] intervention or just attack vectors flying at you from every direction).

0

1MightBeAPenguin Platinum | QC: BCH 195 5 days ago

I think you're ignoring one of the biggest factors, which is how much value is also going to be transferred on the network, which adds value to the technology. Not to mention that Tether can print as many tokens as they want without fear of consequences.

1

Cryptoguruboss Gold | QC: BTC 327 | BCH critic 5 days ago

Well we already have ada and guess what bitcoin is still no one... so no..

0

d_goddard XMR & XRP 5 days ago

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

69

hanmerhand Platinum | QC: NEO 246, MarketSubs 8 5 days ago

That's why I favor dBFT consensus like NEO's

2

MartialImmortal Gold | QC: BTC 60 | TraderSubs 64 5 days ago

"like"? who else uses it?

2

hanmerhand Platinum | QC: NEO 246, MarketSubs 8 5 days ago

True that, FB's Libra was going to

1

immolated_ Gold | QC: CC 27, BTC 22 | TraderSubs 12 5 days ago

POS chains will not

2

eosmcdee Silver | QC: CC 99 | NANO 109 5 days ago

the more shocking is that its still listed in "reputable" exchanges !

11

aminok Platinum | BTC 1321, ETH 1101, CC 422 | TraderSubs 5 days ago

There are only two high-volume chains. Ethereum at #1 and Bitcoin at #2: [https://pbs.twimg.com/media/EEwdR4uUwAA1Ycy?format=png&name=900x900](https://pbs.twimg.com/media/EEwdR4uUwAA1Ycy?format=png&name=900x900)

0

UpDown 5 days ago

Surprised to see lisk up there. Must just be all those delegates paying out their stakes to their voters

1

BananaBully Gold | QC: CC 35 | EOS 6 5 days ago

Fees =! Volume, though of course BTC and ETH have the most actual volume.

18

4bidden450 Platinum | QC: XLM 212 4 days ago

What are you calling “actual volume”? Check this out and make sure to click hide spam. https://coinstats.network

2

fugofffffffff 5 days ago

Do you actually expect a tryhard mEth addicted shill like u/aminok to NOT be disingenuous and outright dishonest? Fat chance

1

CarsonRoscoe Gold | QC: CC 33 | NEO 6 5 days ago

There was a interesting metric I saw about taking a ledger, removing all transactions from exchange addresses, large transactions (bigger than $500k USD moved per transaction) and transactions going back and forth from the same addresses. By excluding these, you can exclude most of the ways blockchains "fake" volume. If you did this, you'd see Dogecoin has 5x the "meaningful" volume BCash has.

11

thebeesarebros 3 - 4 years account age. 100 - 200 comment karma. 5 days ago

This is why I'm all in Doge

3

OkayTimeForPlanC Silver | QC: CC 43 | VET 67 5 days ago

And VeChain...

0

MediumAdhesiveness5 5 days ago

In this attack the hacker spend $200k to get over $5m

47

OCPetrus Platinum | QC: BTC 99 5 days ago

But people on various forums have been saying for years that these attacks aren't profitable because the coins gained would immediately be worthless?!?

34

BasvanS Silver | QC: CC 389 | IOTA 498 | TraderSubs 159 5 days ago

It seems they were wrong

26

vitriolic_amalgamati Platinum | QC: BCH 255, CC 49 | r/PersonalFinance 5 days ago

Not enough people care to pay attention

10

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8 5

aadesignsss 4 days ago

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

1

Dwman113 4 days ago

ROLL BACK THE CHAIN! Oh wait....

1

jamesjohn651 Yesterday

lols

1

brianddk Platinum | QC: BTC 916, Coinbase 132, CC 99 | Exch 5 days ago

Yes.

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

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.

1

BitSoMi 5 days ago

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

2

FaceDeer 5 days ago

It's been a long time since I checked in on ETC. last I recall it had got rid of the difficulty bomb and seemed to be planning on sticking with PoW permanently. That's when I stopped paying attention, is that still the case?

2

fjkcdhkkcdtilj Redditor for 1 months. 5 days ago

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.

2

cassydd Platinum | QC: BCH 245, CC 53, BTC 28 | r/Technolo 5 days ago

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.

6

atrueretard Redditor for 2 months. 5 days ago

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.

1

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