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Buffett will likely buy a mining company to indirectly be involved with BTC. Like he did with gold.

I was sure microsoft accepted bitcoin at one point, too lazy to find the link

BoA is partnered with Ripple

Goldman Sachs Asset Management

Banks

I’d say Buffett is already in.

this was just posted

Makes sense. Only a handful of exchanges have OTC desks big enough to make that trade possible.

They did it OTC or what? Cuz coinbase wouldve probably taken like $10mil in fees just to do that tbh lol

Tell that to my crypto wallet

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There is a discussion on Hacker News, but feel free to comment here as well.

I don't get it. Coinbase ATH of Bitcoin says 19889 but it didn't get past that point. How?

Moved to megathread: https://www.reddit.com/r/CryptoCurrency/comments/k3z5k2/megathread_bitcoin_btc_hits_all_time_high_against/

I move that we deem this Cypher Monday.

Or Hyper Monday. It must be commemorated.

didn't think I would be emotional on a day like this.

feelsgoodman.jpg

Next destination is?

Congrats to all the hodlers, it's been an honor, truly a historic day!

I think we are going to spend some time in this range. Lots of people want off the train and the break even point was their exit. Mine is my cold hard death. Nobody is taking my crypto from me. And I will continue investing 1-5% of my paycheck into it.

I also started growing some of my own food, and all money I save doing that is guilt free crypto money. Same thing if I say, don't buy beer for the week and instead just drink tea. Thats another 50 bucks for crypto - guilt free because that money was gone if I bought beer with it. When you invest in it this way, it makes it less emotional. I would rather it not go to zero, but if it did, the only thing I lost was a few pounds of beer weight because I'm healthier now.

So that's my plan. Stop trying to play the market - which is based 90% on emotion. And just buy and hold, with guilt free money that I saved by making other cuts in my life, or taking on an extra shift or side hustle gig, etc.

I think we hover around 20k for a while until anyone who wants off the train gets off, and they are replaced by people who are now buying into their ground floor and are holding long. Every day that goes by, the floor gets more and more solid. Even if we pull back and people panic sell, there is someone else on the other side of that trade who is buying. Even if 80% of those buyers eventually sell, but 20% are holding long, then every trade that goes by, more and more people are holders ajd less and less becomes available to the late comers.

And every time the governments drop trillion dollar bailouts or stimulus packages, the use case just gets that much stronger. When you zoom out to a 5, 10, 20 year timescale or longer, no buy made today will look like a mistake. The only mistakes will be those who didn't hold any, or those who got scared.

HODL was made to be seen as a meme by the weak hands of 2018. HODL is the only longterm strategy that works and has been battle tested and holds true.

Listening to “star man” right now on repeat lmao

hahahahahahahaha!

bwahahahahahaha!

that is all.

Fucking hell guys I'm getting emotional, for real.

I just have one thing to say, the pain was worth it.

Onwards!

I just have one thing to say, the pain was worth it.

Onwards!

We're going to continue to see a lot of growth, both driven from the institutional side and the appeal to new adopters. I'm interested to see what happens to Ethereum in the coming weeks with ETH 2.0 rollout starting tomorrow officially. Good luck to everyone!

This makes the pain of 2018 / 2019 worth going through.

Congrats to all.

Now let's make $20K a new floor when we get there.

Let's goo buy and push to 20k

What a Crazy year

How I feel right now...

$BTC: New Bitcoin ATH on a few exchanges

K̵r̵a̵k̵e̵n̵ ̵-̵ ̵$̵1̵9̵,̵6̵6̵0̵ ̵B̵i̵t̵s̵t̵a̵m̵p̵ ̵-̵ ̵$̵1̵9̵,̵6̵6̵6̵ ̵B̵i̵n̵a̵n̵c̵e̵ ̵-̵ ̵$̵1̵9̵,̵7̵9̵8̵

Up next: Coinbase - $19,891 Bitfinex - $19,981 Gemini - $19,999 Bitmex - $20,093

FIRST. Here we go baby. I'll try not to get emotional but a lot of us have been waiting for this.

I wonder if this bypass exploit affects Trezor devices as well. Does Trezor currently allocate separate private keys to separate coins for BTC Testnet vs BTC mainnet described in BIP144?

Also, what about other similar cryptos like Litecoin? Considering that this attack was first performed on the Ledger's LTC app https://monokh.com/posts/ledger-app-isolation-bypass which makes it look like a Litecoin transaction was initiated but infact spends Bitcoin UTXO's.

I've read through the referenced BIP144's Coin type constant and I was wondering if Trezor already implements this.

I never mess with testnet. Am I good?

Recent podcast with some of the OG Cypherpunks: Szabo, Back, Chaum.

The history of Cypherpunks until now here, in a great mini series of reason TV

.

Why doesn't he just read the white paper?

https://bitcoin.org/bitcoin.pdf

Or watch this:

The Trust Machine:

https://www.youtube.com/watch?v=ZKwqNgG-Sv4

1. It's hard to make easy money when you have no BoJ tail wind blowing, ey?
2. Him not uderstading Bitcoin is a bit of a supprise to me though. He was one of the first to recognise good players in the tech industry. Currently he is also responsible for investing in tech through SB's Vision Fund.
3. Are there any good investments he made in the last decade? (honest question)
4. Short Softbank'S Vision Fund?

P.S.: Those are the types of people that will be transfering their wealth to coiners in the near future.

I have respect for this position. Being aware of the limits of your expertise is hugely important.

He gets it bro he bought high and sold low... that’s our motto

Old man not understanding new technology, any other breaking news today?

ripple is the future

How exactly is he a retard here?

1% is nothing.

Love peter. He would prolly receive Nobel prize for the worst bear on bitcoin once bitcoin goes global

Bullish on fox news bearishness

Golds the final boss, and may be its best friend. Wait until we find out we can only make efficient circuits to mine only using the best materials like gold and silver.

Wait, what?

Gold has gone from about $1,750 to $1,870 in the past 6 months, a rise of less than 10% - in that time, BTC has gone from $9k to today's $18,000...

I'm no math whiz, but...

This gave me a good laugh. ;)

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This gave me a good laugh.

"Notably, Binance Pool is the only top-five pool to not yet support Taproot."

Binance may refrain from publicly signaling the upgrade, considering there are currently some money laundering court cases against them. Though I'm sure they will upgrade when the time comes.

Yes majority is good news. That's a good update. I hope it lives long :)

majority isn't a meaningful threshold in bitcoin. this ain't no democracy.

I see coindesk, I downvote.

Great news for Bitcoin! I think we'll reach that 95%, there's not really any downsides to Taproot AFAIK.

End of Monero.

Need to get to 95% though, only about 55% right now.

Mod please delete

Whatever you do. Don’t contact this jamoke. There’s no way he will grow your BTC

Mods

"liquid assets"

liquid assets

Lol. As if bitcoin is liquid.

Even if you do manage to convert back to fiat without the exchange "getting hacked", the market is so thin that a sell of that size will cause the price to plummet substantially.

Everyone post their wallet addresses and hope he sends us something .

Don't worry, there are enough coins for all billionaires. It is just a question of price.

Bitcoin / Cryptos are NOT a safe haven against the mother of all Ponzi scheme's (Fiat Currencies)

(It's a damn mouse trap, bring your fiat & win some imaginary fiat, same fiat, but poof, the paper is GONE!)

Today the #s say one thing, tomorrow it will say something entirely different. (Read Casino!)

And the second richest person in my household and I also have 10% btc assets.

Aiming to be the first!

Time to start learning Spanish, muchachos! /s

Watch out Carlos Slim!

This guy's going to the moon and not even your crappy NYT paper will stop him!

Soon he will be Mexicos richest man

Smart man.

Anddddd you butters still have no coins ? What are you ? Thieves of your own wallets ?

Why does every "smart" and "rich" guy always buy when the price is up? Do they sell low? Where can I find news saying rich people bought bitcoin at 3k?

Please god, I hope this doesn't trigger Carlos Slim to fomo BTC to $20k+

If this pyramid scheme doesn't die like r/buttcoin predicted many times, and early adopter butters become the new wealthy elite, I will have to kill myself. What a nightmare.

Trees grow to the sky! To the moon!!

Is there another ponzi in history which crashed and recovered 80-90% of its value multiple times over its lifespan, and was still running after more than 10 years? I don't understand this ponzi, how does it still exist?

Sounds like he bought 50k+ BTC

What about muh transaction fees? Muh 5 TPS? Muh shopping mall?! Muh crimebux

Clearly these billionaires don't know what the fuck they're doing.

That's like $1.2B worth of BTC. Growing quickly, of course.

This is HUGE!

Snapshots:

1. Second richest billionaire in Mexic... - archive.org, archive.today*

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another tweet decrying government-issued fiat as being “worth nothing”

Is this Mexican billionaire a member in this subreddit? What's his user handle? ;-)

It's happening

The fundamentals of Bitcoin are excellent. Everything indicates that the new ATH will be reached in the coming weeks.

Excellent write up. TL;DR:

• Addresses with a balance of $10 or more
• Open Interest on the CME Bitcoin Futures
• Realized Capitalization
• Bitcoin Options Open Interest
• All time highs have been passed for Bitcoin priced in Turkish Lira, Argentine peso, the Russian ruble, the Venezuelan bolivar, the Brazilian real, the Colombian peso, the Lebanese pound, the Sudanese pound, and several others.
• Bitcoin held by Grayscale
• Stablecoin free float
• Silvergate’s Settlement Network transfers
• Growth of crypto-native credit

I find realized market capitalization particularly interesting as a better measure of a coins worth than nominal market capitalization. Id be curious to know what bitcoin dominance is on the measure of realized capitalization.

Very good read ! A nice summary of the state of crypto-industry :)

This piece is written assuming little prior knowledge of Bitcoin. It's designed to be sent to journalists and folks with finance experience wondering why Bitcoin is rallying with apparently limited retail participation.

https://twitter.com/nic__carter/status/1328697244766310407

​

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I do agree that they want to but I am not sure that they can without impeding public trust

He' right but the wrong way around. Bitcoin will Government (at least their financial system)

A attack on bitcoin is a attack on the free market.

It's going to be like the war on drugs. Never ending, cost a shitton of money. And more users than ever.

Ray Dalio is a dipshit

This is so cool, but also I think the primary application is going to be making us need new devices that can hardware accelerate it, making even more DRM, moving more stuff to the cloud, etc.

Also more than likely Ethereum style stuff that runs every program on thousands of nodes, which will then be the next big thing integrated with every P2P app...

I'm sure there's going to be a lot of great uses, but also some really annoying ones.

/r/titlegore

What a crap article.

We already do what's supposedly so great with this "crown jewel" (wtf).

Interesting

Time to make offline backups of what's been discovered so far before it mysteriously disappears...

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Interesting

Great read!

Oh Fuck..!

Ah yes, just like Time AI - sounds like snake oil to me. I read most of it and it's just garbage vague statements. If they're gonna publish an article on technical stuff they should try to take these complex ideas and make them understandable to non-math experts. Even for math experts, this reads like nonsense.

So, from the sound of it, this would be usable for DRM which would be much more difficult or actually impossible to break.

I'm not enthusiastic about that.

Is there a slightly more technical article anywhere? I can't really understand what's going on from this oversimplification.

And we'll all come back here in 3 months when these scientists die from strange but absolutely normal circumstances

This is really bad news for antivirus scanners and cleaners....

unhappy day for governments around the world who want to ban end to end encryption

So we good then?

While the protocol is far from ready to be deployed in real-world applications, (...)

If something isn't ready for real-world application yet, in 9 out of 10 cases it actually means the military of at least several nations is using that something in covert ops.

Bitcoin is a patchwork of tech which already existed and was used for various civilian purposes. Had Bitcoin included in its workings some really exotic tech not yet declassified for civilian use, Satoshi Nakamoto would've been suicided long time ago before any of its source code ever left his computer.

I Honestly

Have no clue what I just read, what this actually means, or what any real practical implementations are

And I can't tell if it's because this is too vague or I'm not familiar enough with the terminology

From the paper:

In this work, we show how to construct indistinguishability obfuscation from subexponential hardness of four well-founded assumptions. We prove:

Theorem (Informal). Let τ ∈ (0,∞), δ ∈ (0, 1), ǫ ∈ (0, 1) be arbitrary constants. Assume sub-exponential security of the following assumptions, where λ is a security parameter, and the parameters ℓ, k, n below are large enough polynomials in λ:

• the SXDH assumption on asymmetric bilinear groups of a prime order p = O(2^λ),

• the LWE assumption over Z^p with subexponential modulus-to-noise ratio 2^k^ǫ , where k is the dimension of the LWE secret,

• the LPN assumption over Z^p with polynomially many LPN samples and error rate 1/ℓδ, where ℓ is the dimension of the LPN secret,

• the existence of a Boolean PRG in NC0 with stretch n^(1+τ),

Then, (subexponentially secure) indistinguishability obfuscation for all polynomial-size circuits exists.

Further, assuming only polynomial security of the aforementioned assumptions, there exists collusion resistant public-key functional encryption for all polynomial-size circuits.

Attempting to translate:

the SXDH assumption on asymmetric bilinear groups of a prime order p = O(2^λ),

SXDH = Symmetric External Diffie-Hellman assumption. This assumption is that there is some pair of cyclic groups G_1 and G_2, such that there is an efficiently computable bilinear map from G_1 X G_2 -> G_T while the 'easiest' variant of the Diffie-Hellman problem is intractable across both G_1 and G_2. The 'easiest' variant, called DDH is to, given a generator element g and the two values g^x and g^y, with x and y unknown, have a decision procedure which is better than chance at guessing the value of g^xy. (This entails the discrete logarithm problem being intractable, as well as the weaker CDH assumption; both other those are explicitly but redundantly called out in the definition of SXDH. One other variant of the DH problem also needs to be intractable, co-CDH. I'm pretty sure, though not certain, that the truth of co-CDH is also entailed by DDH.)

• the LWE assumption over Z^p with subexponential modulus-to-noise ratio 2^k^ǫ , where k is the dimension of the LWE secret,

The LWE assumption is the assumption that the Learning With Errors problem is intractable. This is the problem of discerning the coefficients of a linear function f over a finite ring (Z^p , here), given a set of (x^1 ,...x^j , y) samples where y_i = f(x^1_i ... x^j_i )+σ_i where σ_i is a noise parameter whose values are 0 with high probability and follow a known noise distribution. In this case that distribution's total noise (averaged over all samples, I think?) is known to be less than p/((2^k )^ǫ ), ǫ being one of the arbitrary parameters from the non-inclusive unit interval.

Some other sources I looked at said that LWE specifically mandates Gaussian noise, but how that squares with "y_i = f(x^1_i ... x^j_i) with high probability" I don't understand.

• the LPN assumption over Z^p with polynomially many LPN samples and error rate 1/ℓδ, where ℓ is the dimension of the LPN secret,

LPN = "Learning Parity with Noise", is a very similar problem to LWE. Here the range of f is restricted to a single bit, and the error rate is the fraction of samples whose output will be bit-flipped. (Bernoulli noise.)

• the existence of a Boolean PRG in NC^0 with stretch n^(1+τ),

PRG=pseudorandom generator, NC^0 = the class of functions computable by constant-depth, bounded-fanin circuits. Stretch being n^(1+τ) means that the PRG generates output of length at least weakly exponential in the input e.g. if τ=0.01 100 bits of seed generates 104 bits of output sequence and 1000 bits of seed generates 1071 bits of output. τ can be arbitrarily small so long as it's positive, so this is requiring 'minimally exponential' stretch.

AFAICT the strongest known NC^0 PRGs have only linear stretch, so this assumption is by far the shakiest.

Alright this is cool enough and all but I just can’t help from offering a contrasting voice for a claim made in the article. This whole thing about a ‘crowning jewel’ and ‘building crypto’ up from this notion...

...techniques can be new or cool without superseding everything magically. I think it’s a bit misleading to make this seem too universal. Of course it could be a big deal if it works out in practice, but the in practice is part of cryptography — and the whole of cryptography cannot be derived from obfuscation.

Hiding the implementation of any program does not always meet your security goals!

F your Right to repair

Tomorrow's headline: " Google announces update for Widevine L3"

Found one of their published pieces of research. I don’t understand this shit past at most page 15 lol. https://arxiv.org/pdf/2008.09317.pdf

Is real or no?

Pretty much the main use of such a thing is uncrackable DRM systems, which we absolutely do not need in this world.

Thank you for sharing! I found the same article a while ago and I think it could be useful. We need to approach LN devs to start building on DCR LN in addition to BTC LN. This can bring new users to Decred.

We had a similar conversation with checkmate about this, here I also shared the same article: https://www.reddit.com/r/decred/comments/jtx4y2/forward_thinkingsaturday_14_november/gcbndgt

I think the time is right for a Lighting Network RFP where we invite LN devs to submit proposals to integrate DCR LN, with funding support from the Decred treasury.

Fulgur Ventures Blog on Medium: In this article we attempt to lay out background and foundations for systematic research of the Lightning Network as an ecosystem of projects, startups and products that drive adoption of the technology in various use cases. While the direction of future research will most likely be from a VC angle, this is rather an academic attempt to enumerate, and classify the projects, highlighting emerging trends and open questions.

Keep safe, thanks and good luck again!

are there any exchanges using lightning?

Surprised to hear such a coherent and informed argument out of fidelity. I want looking for something to complain about and came up empty. Good on them.

I hereby fact-approve this message.

Good find, enjoyed them, especially the energy argument.

Have a lot of "climate activists" friends who shit on Bitcoin for that reason.

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

Biases(Updated July, 2019): Arguments For & Arguments Against | CryptoWikis: Policy - Contribute

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wow impressive list of investors 🙌

wen public sale?

holy shit that's an insane list of VCs. Placeholder, Pantera, DCG, Coinfund all in one, this might have legs

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Sweet!

What assets can I buy through paypal now? Only bitcoin? What about eos? I only recently started trading these assets when ownr started supporting it. But I think that eos is quite promising.

Is it cheaper than coinbase? If so, ill never use coinbase again.

Sell the news guys

If I had a btc for everytime some news about "paypal and crypto" was shared I'd be Satoshi Nakamoto.

crypto adoption

Paypal be joining the big corporations to buy lots of BTC.Great for bringing BTC and crypto to the masses even though i think its only greed in their part that they are milking this bull.....To the moon or bust

Do they really own any crypto or you just bet on price like derivatives? If they don't buy any of it, the impact will be minimal.

People are talking about adoption as if this is anywhere close. This is the stock market part of bitcoin. That’s it. And once the initial PayPal users see that, you’re going to see a massive drop off. Worse, those people probably won’t come back to crypto because they’ll feel that’s all it is.

Bullish af, just wait for the fomo to come!!

FOMO soon!

Soon in the news « Paypal used to launder cryptocurrency ». Told you so....😂

Here we go folks! Our dreams will be made!!!!

hm this fomo could not be caused only by paypall

PayyyyyConnect!!!!!

Wish they allowed to/from transfers though, instead of just buy/sell

I'm counting on this as a top signal. CNBC also reporting about Bitcoin price.

pomp it bois

Don’t put all of your moon hopes and dreams on PayPal guys. Get real.

I bought a bit of ETH and BTC on PayPal just to try it out. If they do move forward with POS transactions perhaps my purchasing power has doubled

Does anyone educated/familiar in the crypto field think there will be a decent sized dip from whale sell-offs once the next round of stimulus drops maybe in February-March? Going up 6,400 in a months time seems wild. Long term, I know BTC will hold its value but I’m curious if anyone else anticipates a future sell off in early 2021

To the moon we go..

On a serious note, this is quite good for the crypto market in general. More folks would be able to buy and sell and get some exposure to the industry as a whole. Hopefully this pushes for crypto adoption and its use becomes more mainstream.

This just goes against the basic premises of why crypto currency was created in the first place. To make private, secure and seamless transactions without the bureaucracy of the normal financial institution framework.

I don't care if more people like crypto or not, this is an absolutely horrible move from a fundamental viewpoint.

Edit: Google does not own PayPal, I am unsure why my brain thought that. None the less, PayPal has taken an aggressive approach to merchant categories and even banned them because of industry. Thank you Poster for correcting me.

Would be great if they allow withdrawal of Crypto!

I want those good old days back where every alt was also mooning with BTC.

Bear hunting time

What models do these fund managers follow?

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