Bitcoin continues to pull back toward $76k, with the market waiting for tonight’s US CPI print. The threat quantum computing poses to Bitcoin — a sword that has hung overhead for a long time — has seen some fresh movement. ...
Bitcoin has been pulling back lately, with macro headwinds pushing it down to around $77k. A few days ago, something quietly unsettling happened on Liquid — Bitcoin’s federated sidechain. ...
TL;DR BIP-110 sought to raise the cost of writing large volumes of contiguous data — Ordinals inscriptions and the like — through a temporary consensus restriction. In the voluntary early-lock-in phase, the proposal drew signals from only 51 blocks — 2.53% support — far below the 55% threshold. Once the mandatory signaling period began, the minority chain formed by supporters produced just two blocks before stalling; BIP-110 is effectively dead as a network-wide consensus upgrade. The debate over on-chain data, protocol neutrality, and development governance will continue; and because the forked chain lacks replay protection, ordinary holders should not rush to move or trade related assets. In the early hours of August 9, Beijing time, Bitcoin reached block height 961,632 and BIP-110 entered its mandatory signaling period. Nodes running BIP-110 rules began rejecting blocks without version bit 4 set, splitting off from the mainnet. Thereafter, the BIP-110 branch produced only two blocks before stalling, while the mainnet kept producing normally. Over the preceding difficulty-adjustment period, only 51 blocks had signaled support — 2.53% — far below the proposal’s 55% voluntary early-lock-in threshold. BIP-110 thus never won broad miner support, and ultimately formed a minority chain with negligible hashpower. ...
BTC has been climbing and now sits near $65k. The weekend’s market was calm. But this weekend in the Bitcoin community was destined to be anything but peaceful. ...
A recently unsealed criminal complaint from the U.S. District Court for the Eastern District of Virginia has once again ripped the fig leaf off American law enforcement. Patrick Steven Yaroch, a former FBI supervisory special agent, is accused of using his position to siphon nearly $1 million in crypto from cryptocurrency accounts linked to a “hostile nation” (reportedly Russia) that the FBI was monitoring — moving the funds into his own wallet, and even parking part of it in DeFi protocols to earn yield[1]. ...
Today is January 3, 2024, the 15th birthday of Bitcoin. Let’s first wish Bitcoin a happy 15th birthday! The conventional narrative in the media goes like this: 15 years ago, on January 3, 2009, Satoshi Nakamoto launched Bitcoin on a server in Helsinki, Finland. However, according to NickYam’s investigation, the actual truth is more likely that Satoshi Nakamoto received The Times newspaper from January 3 to 9 of that year, conducted a trial run for a few days, and officially launched Bitcoin on the 9th. ...
Introduction Whenever the topic of the value of BTC (Bitcoin) is discussed, people often find themselves in endless debates. Even with the use of the three treasures - left-hand Austrian, right-hand Marxian - and reciting Keynes, it seems that the problem remains unresolved. Some say BTC is worthless garbage. Some say BTC has no intrinsic value but has a price. Some say BTC has value because it is scarce. ...
The stock guru Warren Buffett has always been known for his staunch anti-cryptocurrency stance. In 2019, the Oracle of Omaha said on a television interview, “All cryptocurrencies will eventually come to a bad ending.” In 2021, Warren Buffett’s partner, Charlie Munger, publicly criticized Bitcoin during a shareholders’ meeting, calling it “disgusting and contrary to the interests of civilization.” Warren Buffett himself has also publicly referred to Bitcoin as “rat poison” in the past. ...
Yesterday, Blockstream’s founder and renowned cryptographer Adam Back, in an interview with Bloomberg, mentioned that Bitcoin could potentially surpass $100,000 before the halving event in the first half of 2024.1 Surpassing the previous high before the halving event is an unprecedented occurrence in the Bitcoin’s development history of the past decade. ...
Friends familiar with the underlying mechanisms of Bitcoin are aware that on the Bitcoin blockchain ledger, it’s not individual bitcoins that are tracked, but rather individual Unspent Transaction Outputs (UTXOs). This technical term is referred to as “Unspent Transaction Output.” Some refer to these as “Bitcoin coins” or BTC coins. Currently, there are approximately 130 million BTC coins recorded on the Bitcoin ledger. An intriguing question is: How is the purchase price of these coins distributed? A research study from Glassnode provides some insights. ...