BTC on Mr.Yam

The Quantum Sword, Honed by AI

Fri, 11 Sep 2026 11:48:00 +0800

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.

Fortress Guarded, Yet 4,000 BTC Stolen

Thu, 10 Sep 2026 23:20:00 +0800

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.

BIP-110 Fork Fails: Who Has the Right to Change Bitcoin?

Tue, 11 Aug 2026 09:00:00 +0800

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.

Self-Custody Faith: Collapse, or Rebirth from the Ashes?

Sat, 08 Aug 2026 18:35:00 +0800

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.

FBI Agent Memorized the Seed Phrase, Stole $1 Million in Crypto

Thu, 06 Aug 2026 12:27:00 +0800

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].

Wish Bitcoin a happy 15th birthday !

Wed, 03 Jan 2024 10:22:00 +0800

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.

The Origin of Demand, with a Discussion on Why Bitcoin Holds Value

Mon, 27 Nov 2023 20:22:00 +0800

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.

Buffett Outperforms Bitcoin

Fri, 27 Oct 2023 20:22:00 +0800

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.

Reasons for BTC Surpassing $100,000 Before the 2024 Halving

Thu, 17 Aug 2023 20:22:00 +0800

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.

Realized Price Distribution of BTC Coins

Wed, 16 Aug 2023 18:22:00 +0800

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.

Supply creates demand

Sat, 29 Jul 2023 09:22:00 +0800

Overnight, Bitcoin continues to fluctuate above $29,000. The volatility index (30-day implied volatility of option prices) has further decreased, indicating exhaustion from both the bullish and bearish sides.

According to reports, Bitcoin mining equipment manufacturers are shifting their focus from the saturated U.S. market to the mining market in Russia. Luxor Technologies, a mining infrastructure service provider, stated that more machines are flowing into Russia than any other place in the world.

The Fed’s Swan Song

Wed, 26 Jul 2023 11:22:00 +0800

Overnight, the Federal Reserve’s July interest rate meeting released its outcome. Bitcoin remained unfazed and continued its path of recovery since July 25, experiencing a slight rebound to the $29.5k level.

Bitcoin Minting Tax

Wed, 26 Jul 2023 09:22:00 +0800

Overnight, Bitcoin continues to hover above $29,000. Most likely, the Federal Reserve’s July interest rate meeting has commenced. Tomorrow, we should know the outcome, and the market is poised to make a decision.

The Scarcer Ability , Asking the Right Questions

Wed, 19 Jul 2023 18:12:00 +0800

Overnight, Bitcoin experienced slight fluctuations around $30,000, while UNI steadily rose and is now close to $6.

During the Sunday private board meeting, a member asked about the comparison between Uniswap (UNI) and Arbitrum (ARB). Both projects are undoubtedly of high quality, otherwise, the comparative analysis would be meaningless.

Don't Do Cryptocurrency Investments Without 10 Million Dollars

Tue, 18 Jul 2023 19:02:00 +0800

Overnight, Bitcoin slightly dipped below $30,000 but quickly rebounded, currently sliding along the $30,000 mark.

A discussion about the entry barrier for cryptocurrency investment has sparked a debate in the overseas crypto community. It began when a newcomer asked a prominent figure how someone with just a few thousand dollars could start investing in crypto. Should they invest in Bitcoin, Ethereum, meme coins, or altcoins that outperform Bitcoin? Is it reliable?

Earning Ability is the Best Alpha

Mon, 17 Jul 2023 09:12:00 +0800

Overnight, Bitcoin remains above $30,000, maintaining its consolidation for the 25th day since June 23rd.

What is the key to successful investment? Many have witnessed people abandoning beta (average returns) in pursuit of alpha (excess returns), selling Bitcoin for meme coins, only to end up not outperforming the market and suffering significant losses. While some courageous individuals may regroup and start again, others might become disheartened and exit the market.

Bitcoin during the bear market

Sun, 16 Jul 2023 18:12:00 +0800

Overnight, Bitcoin continues to consolidate above the 30k level. Looking at the weekly chart, the previous day’s court ruling regarding XRP, which obtained a 2/3 non-security designation, turned out to be a mere “show of empty positivity.” It further depleted the market’s strength and brought everything back to square one, continuing the trend of slight decline. Short-term speculators have been repeatedly washed out, while long-term hodlers are unable to sell. Market liquidity is drying up, yet there is a lack of substantial catalysts for a significant change, resulting in the current awkward situation.

What is value?

Wed, 12 Jul 2023 10:13:00 +0800

Overnight, BTC continues to consolidate above 30k. It’s a garbage time for traders but a golden time for hodlers. The longer it consolidates, the more fear it instills in many people. The more afraid they become, the less inclined they are to accumulate more or even consider reducing their holdings for safety. There is a superstitious saying among technical analysis enthusiasts, “Consolidation leads to a drop.” Jiao Chain doesn’t understand this saying. Drop? In which direction will it drop? If that’s the case, wouldn’t a 1/BTC candlestick chart indicate a rise after prolonged consolidation? It shows that technical analysis, if not entirely useless, is at least largely ineffective.

How much BTC should you hoard?

Fri, 07 Jul 2023 21:53:32 +0800

Often, friends struggle to determine the target amount when formulating a long-term investment plan. Some friends, with lower incomes, find it difficult to imagine owning 1 BTC, which is valued at around $30,000 or over 200,000 RMB. On the other hand, friends with more wealth feel that buying a few BTC doesn’t seem satisfying enough.

BlackRock CEO Praises Bitcoin

Fri, 07 Jul 2023 20:13:10 +0800

After a sudden surge to 31k, Bitcoin quickly retreated overnight, briefly dropping below 30k and currently maintaining consolidation near that level. This scene reminded Jiao Chain of our defensive counterattacks against Vietnam in the 1970s and 1980s. We would strike with full force and swiftly retreat, engaging in a decade-long border war to exhaust and defeat the enemy. This approach avoided getting deeply entrenched in a war quagmire while effectively undermining the enemy’s arrogance. By strategically retreating, occupying advantageous positions, and engaging in attritional warfare, we achieved our strategic objectives at minimal cost.

The Essential Significance of Hoarding Bitcoin

Thu, 06 Jul 2023 19:51:00 +0800

The most primitive storage need of humans, similar to squirrels storing pine cones for winter, is an instinctual response to future problems. This instinctual behavior does not require humans to possess such advanced thinking systems in their brains. Squirrels and many other animals can also anticipate the future.

The Security Debate and Collision between Proof of Stake (PoS) and Proof of Work (PoW) since Ethereum's Transition

Thu, 08 Jun 2023 16:16:32 +0800

Ever since Ethereum transitioned from PoW to PoS, the discussion and collision regarding the security of PoS and PoW have become a focal point. As early as November 6, 2020, Vitalik Buterin wrote a blog post titled “Why Proof of Stake” , where he conducted some calculations. His calculations indicated that, given equal security costs, PoS is safer than PoW.

Do not apply double standards when it comes to carbon emissions

Wed, 17 May 2023 15:50:37 +0800

Overnight, Bitcoin made a strong leap from the 26.5k level and rebounded to the 27.5k level.

Recently, some people in the United States are applying double standards to Bitcoin’s carbon emissions. They claim that Bitcoin mining consumes a certain amount of electricity and results in a corresponding amount of carbon emissions, thus should be subject to a certain emission tax. However, they fail to apply the same standards to Tesla’s electric vehicles, which also consume a significant amount of electricity and generate a substantial amount of carbon emissions. Tesla, on the other hand, receives carbon emission credits from the US government every year and sells them to other companies in need, profiting from it.

I received a Bitcoin Blackmail

Sun, 24 Mar 2019 08:00:00 +0800

This evening, I received a special email from the mailbox that I haven’t used for a long time, a bitcoin blackmail. The email showed me the password that I have always been familiar with. Next, the mail told me that someone had captured my camera at the same time and took my private video. I was required to pay $ 999 in the form of Bitcoin. First of all, I am convinced that I have no private photos or videos; secondly, I will not accept extortion by the other party; finally, my password was changed a long time ago, so this should be from some password database when it leaked which i was involved

Some Points about the Value of BTC

Wed, 05 Sep 2018 20:10:00 +0800

I recently have been thinking of the value of Bitcoin and wanted to know the logic about BTC. As we all know, BTC is a virtual currency based on deflation logic. Due to the deflation property of its design, the greater the degree of attention, the more users, the higher price. What I came to understand recently is some controversial parts: