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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?

And recent news make me think they will even get away with it. :-/

ok here is my theory. the reason ETC price doesn't dump is because the attacker is buying ETC to do the next 51% attack. then the attacker will dump his coins to another attacker who is trying to do the same thing. so money is flowing from dumb attackers to smart attackers.

How ETC is still listed on trustworthy exchanges is beyond understanding.

Ima head out

​

Technically I think he mined it and the network went ahead with his chain.

It's almost like minority hashrate coins, who share a PoW algorithm with other coins are inherently insecure.

What are they going to do with their remaining ETC? Surely exchanges will be very suspicious that they might do this again? Thus their ETC might be blacklisted?

https://www.crypto51.app/

Nicehash-able == 277%. So... who's next?

Hes already selling it seems :)

As long as it's ranked worse than my current holding, i don't care - Everyone

I got no ill will toward ETC but how did something like this NOT just crash the value completely? I would assume that once a network has been compromised like that then users will lose faith and jump ship. I appear to be wrong though as that really hasn't happened.

There's a sharp drop but it seems to have largely returned to where it was before the attack, only a week later.

I'm just not sure how to interpret the market on this one.

code is law! 😂

This is fascinating, ill need to read up on 51% attacks to comprehend it better as im trying educate my self on mining but this seems like a terrible oversight. Thanks for the helpful links to those that posted further explanations.

Does ETC actually have a community behind it or is it just propped up by miners who also don't care about it?

How did they withdraw the ETC in the first place? Did they have $5million of it already available?

So does that mean that they *had* 807k of ETC in the first place? How were they able to withdraw it from the exchange to begin this whole scam?

looks like ETC charts didn't even take the slightest dip to the news.

Is there any way to bring ETC back into ETH? One Ethereum would be stronger.

ETC has been 51%'d before and they never

ever (2020)

ever (2020)

ever (2019)

will do anything to reverse consensus by the majority of the hashrate.

Lol people here acting like BCH chills on BTC. Nothing to be proud of about how the ETC fork went, and even less proud if they stumble upon a rock on their way.

Go on, put the shirt of your favorite team and yell at the stadium 'fuck you etc!' it will change the world forever!

I think it's time to get rid of etc 😅

The fact that price has hardly moved is a sure sign that no one cares about ETC anymore. There are only two types of ETC users: those who bought in at ATH and are waiting to sell, and trading bots.

Yet it's relatively high on CMC and even going up in value, after being 51% attacked twice, while some other quality projects have a fifth of its value. I gave up trying to understand this market.

the true eth , vitaliks vision.

At least people are competent enough to stop holding onto so much fiat money.

Young investors have flooded stock market too. See r/stocks and Robinhood stats.

It actually makes much more sense to invest in stocks than BTC.

I feel proud being a part of that.

Hmm. I hadn't really considered that people would think this was an exploit. HWI basically abuses this "exploit" in the test suite (both automated and manual) because I can't be arsed to install the Bitcoin Testnet app. I just use the Bitcoin app and ask it to sign regtest transactions because they're identical to mainnet transactions.

Honestly, as someone who writes software that interacts with hardware wallets, having the device restrict the derivation paths it uses based on the coin makes everything so much harder and doesn't really improve security IMO. There are times when you want to use non-standard derivation paths and not being about to use them could break things.

Just as an example, when Trezor began enforcing standard derivation paths, they briefly broke HWI because it used a non-standard derivation path of m/0' to get a master fingerprint. This is used as a generic way to identify devices and there is no other way to get this fingerprint from a Trezor. When they automated tests began failing because of this, I had to inform them and they video to add m/0' to the whitelist. But my point is that there are uses for non-standard derivation paths and enforcing them can break things.

I have BTC, ETH, and LTC on a ledger. What should I do?

i dont rust anything that has to be updated all the time..those updates are weak spots

This thread should get much bigger exposure.

noob question, is this repeatable for Ethereum/ ethereum based coins or is it limited to BTC and derivatives?

!lntip 100

Extremely disappointing to see the lack of action on Ledger's part. What did they think was going to happen?

Would this impact people who use the Electrum wallet with their ledger?

Noob here, if I just hodl some LTC and BTC am I at risk? Should I move my LTC or BTC to a different wallet?

Instead of relying on hardware wallets, the most secure way is still to create a fully air-gapped setup.

The most secure crypto wallet is a sheet of paper with the keys written on it. People don't want to hear that because they like the feeling of security that only a mysterious gizmo can provide.

supporting altcoins is the only mistake here

What is the future of bitcoin? Its legit and safe??

Just sent the email for a refund. Only had the nano x for a month and it already stole $10 of ethereum from me.

If one was to have negligible amounts of other shitcoins on their ledger (<$0.1), can they just delete all apps apart from bitcoin to remain safe?

Am I understanding this? I just got my ledger last week, and I did put litecoin on it. However, I put my ltc onto it before any btc, because I wanted to test it out. No ltc transactions were made while any btc was on the ledger. Does this mean I was not at risk?

Ledger's behavior shouldn't surprise you, I had the same attitude and response while reporting a security vulnerability in the past. They only started taking it seriously once I publicly disclosed it.

https://www.reddit.com/r/Bitcoin/comments/7uwc1z/using_a_ledger_wallet_you_probably_believe_youre/

Altough this MIGHT technically not yet be a disaster, it definitely raises a lot of concerns for the long term. I will buy myself a Trezor instead based on this info alone. I am a security freak and know my way around and have been handling wallets by myself, but I do need to rely on a third party at some point, and it will be Trezor.

So wth! Should I not open any other apps on my ledger right now? Should I only open & use my btc app? Sounds like I'm getting a Trezor.

Seems like a myriad of issues lately with ledger. Own and haven't even used it yet because of all these issues that continue to come up. I'm sticking to my cobos and ellipal.

Awesome find, and with this being the 2nd long existing coin steal bug via compromised controlling device, I guess it's time to trash my ledgers and move somewhere else 🤔

No shitcoin, Not effected

Ofc, this is bad but it's a software bug so it can be fixed

u/monokh was the disclosure date coordinated with Ledger?

Ledger Response: https://donjon.ledger.com/lsb/014/

Live in TO, getting my work to expense as a career learning expense!

They sincerely welcome and invite friends from Ethereum communities worldwide to participate in this event. We welcome anyone to register to speak, and the topics collected will be reviewed by our consultant team to make sure

Will this event be streamed?

If anybody hears of any promos happening for tickets, let me know I'd love to go!

I've got my tickets already.

What a day

• OmiseGO members speaking

• OmiseGO advisors speaking

• Plasma founders speaking

• Superdemo sessions with award ceremony and prizes

• OmiseGO = Super Sponsor of the event

• 500 tickets

This is where they reveal plasma.

Thomas finally has a new photo!

Lol I liked this, have an up vote buddy 😁

The American government is actually very crypto friendly.

Why the cynicism? Of course they want them to be taxed, as they say in the letter, but they want them taxed like "all other forms of taxpayer-created (or taxpayer-discovered) property - such as crops, minerals, livestock, artworks, and even widgets off the assembly line". In other words, they are asking for them to only be taxed when they're sold, rather than, or rather than in addition to, at the time of creation/discovery.

That sounds pretty reasonable, I'd say. And it also suggests a general awareness of the issues, which, even if still imperfect, is a step in the right direction.

*wipes a tear they care about us they really care

americans who pay tax are ABSOLUTE IDIOTS. they fund all these fake war crimes in iraq, afghanistan, palestine, and they also fund all the police brutality that's been happening all over the US. if you pay tax to the US government, you are basically funding worldwide terrorism.

Better get bitcoin while you still can...the window is always closing

It will go away eventually, because it is fundamentally flawed.

Someone needs to tell him about Nano!

/s

Jesus there is so much salt in This sub.

Confirmed: Republican's next insider trade will be Bitcoin

Just keeps getting stronger...

Hate/dislike Pomp but I do appreciate the work he puts in to spreading the word, he has a vested interest in doing so, we all do, but he really is helping to simplify the message and reach a broader audience.

Once the average person can quickly understand BTC, and the user experience advances significantly we'll get the mother of all surges in adoption.

Says a guy with big hodlings?

I wondered what Satoshi was thinking once the blockchain was first compiled.....

This is great, adoption is coming guys!

My dad was a strsight up G-man from the 70s and 80s. And his deal was strong moral fiber and character, minimalist corruption, ethical effective, responsible efficient government.

I told him if the US Government had been saturated with and ran by men like him for the past 40 years, I wouldn't balk at the US dollar and reserve currency status, US bonds and the FED. Becauss if it's ran sound and good, not too corrupt (there's always been corruption to varying degrees, today it's excessively bad), to me, that's the main backer for a Fiat currency that's not backed say gold/silver perhaps.

But that's not what happened. The government is being destroyed from the inside, the Treasury raided. The foxes have been given the keys to the hen house. Now I need some kind asset that performance as an asset class is actually relatively divorced from say the US going belly up in some manner.

And he agrees. He says our government especially in the past 40 years has increasingly been ran poorly, more partisanship, division, feelings on matters of public policy outweighs facts and the truth.

This is a country firmly in decline. And that's why he was skeptical of a cryptocurrency purchasing I was making, but even he says, an old school g-man/Vietnam Veteran horn rimmed glasses, a mind towards public service, and a haircut you could set your watch to (see D-Fens from Falling Down) he's like ok...yes this shit show is gonna get worse before it gets better.

Hopefully Bitcoin will gain more political support as the monetary policy by goverments becomes more controversial

Bitcoin(BTC) Basic Info: Website - r/Bitcoin - Abstract - History - Exchanges - Wallets

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Nice, he is in a good position to help Bitcoin:

Congressman Tom Emmer was sworn in for his first term in the U.S. House of Representatives on January 6, 2015. He is currently serving his third term.

Tom was recently elected by his fellow Republican colleagues to join the House GOP Leadership team as the Chairman of the National Republican Congressional Committee for the 116th Congress. Currently, he sits on the House Financial Services Committee. He is also a member of the Republican Deputy Whip Team and the House Republican Steering Committee.

Born in 1961, Tom grew up in Minnesota and attended St. Thomas Academy. He received his BA in Political Science from the University of Alaska-Fairbanks and his JD from William Mitchell College of Law.

After practicing law for several years, he opened his own law firm. The next 20 years were spent balancing family, business, coaching hockey, and serving on the city councils in Independence and Delano.

Before coming to Congress, he served in the Minnesota House of Representatives from 2004-2008.

He and his wife Jacquie have been married over 30 years and have seven children. They reside in Delano.

https://emmer.house.gov/biography

I want to donate to this guy's campaign.

Are multiple wallets better/safer than just one for long term storage

I don't understand people who complain about "usability." What's so hard about hitting the big "SEND" button in your wallet and pasting/scanning in the address where you want it to go? It's a lot easier to use than a credit card, IMO.

Time to make another donation to HRF with lightning -

https://hrf.org/donate-bitcoin/

Good point but finding a way to scale transactions safely is more important.

Usability (in the US) isn’t going to matter until the tax code is fixed. If every single purchase made with Bitcoin is considered a taxable event, keeping track of and properly reporting your transactions is going to be a barrier that users are not able or willing to overcome.

I'm can't wait to see how the market dynamics work out for main net staking

Ballpark looks to be a about 150 usd a month to run the test net in aws

Is there some instructions lying around for how to set up my own client? I have minimal programming skills but want to support Eth.

how much do we need for main net?

As someone who is testing staking, this was a REALLY rough launch. Most of the clients weren't ready until hours before launch (and most of them are still not fully functional) and because of that only 55-60% of validators are actually running. It's good that it didn't fail, but it was very rocky.

moon?

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