“[Luxor’s Hashrate Index] estimates that only 8 to 10 percent of global #Bitcoin computing power is located in electricity markets linked to crude prices, mainly in Gulf countries such as the UAE and Oman. (...) with smaller contributions from Iran, Kuwait, Qatar and Libya.” #oil #pricing #energy #cryptocurrencies
on 02026-04-11#Bitcoin miners are apparently losing money as the cost per coin mined is US$88k (according to Checkonchain) but the trading price is only $69k. So on Saturday the difficulty dropped 8%. #cryptocurrencies #pricing
on 02026-04-11Neha Narula advocates post-#QC designs for #Bitcoin, somehow. #security #toread #cryptocurrencies
on 02026-04-09discussion of #Bitcoin and #QC #security #toread #cryptocurrencies
on 02026-04-09Adam Back’s own denial that he #is-Satoshi. #Bitcoin
on 02026-04-08Austin Hill is unconvinced by Carreyrou’s claims that Back #is-Satoshi, pointing out that he never talked to gmaxwell. #Bitcoin
on 02026-04-08Raph #Levien is unconvinced that Adam Back #is-Satoshi. And dnnehgf points out glaring stylistic differences around “).”, “(ie”, and “(eg”. #Bitcoin
on 02026-04-08archive of John Carreyrou’s NYT article at <https://www.nytimes.com/2026/04/08/business/bitcoin-satoshi-nakamoto-identity-adam-back.html> claiming Adam Back #is-Satoshi, largely on the basis that he was inactive on #Bitcoin during almost precisely the time when Satoshi was active, and some inconclusive stylometric data, plus lots of unconvincing stuff that adds up to “Satoshi was a cypherpunk, and so was Adam Back”. Oh, and then some more convincing hyphenation data. #history
on 02026-04-08discussion last year on Twitter of possible changes to #Bitcoin to deal with "illegal data" in the blockchain, with Nick Szabo and Adam Back
on 02026-04-08#Binance #Bitcoin #Iran #news #politics
on 02026-02-24#Scott-Alexander on #Bitcoin and other #cryptocurrency things from 02022, explaining why he doesn’t hate them
on 02025-10-21Chinese People Continue Buying More #Bitcoin, Despite Strict Bans #news #China (from March) “In an interview with Nino Feng, a former exchange executive from China, she relayed that most people she knew were buying Bitcoin from over-the-counter services that operated with major exchanges as a sort of collection of informal merchants that paid an escrow fee to be listed on a major exchange to sell Bitcoin and Tether at a spread.
They would ask for money to be wired to local Chinese bank accounts (usually registered with a relatively unknown rural bank) - and there were many more desks that sold Tether rather than Bitcoin (since the spread on USDT/RMB is lower than BTC/RMB). Nino also indicated that many people take their Tether and trade down on second-tier exchanges with more crypto trading pairs, which was confirmed anecdotally by listening to X rooms filled with Chinese traders livestreaming their activity.”
on 02025-10-21someone says he got indicted under the #CFAA (therefore in the #USA) on claims that he created #Bitcoin and #BitTorrent! “They also loved the fact I could look “street check” other claimed hackers and fraudsters. If they couldn't answer a few basic questions from me they likely were never in any kind of “game” more complex than physically stealing peoples cards. Combine that with the infinite amount of #Android rooting related work that needs done to keep the behind-the-bars mobile network functioning LMAO and I was doing fine.” “what did you actually do to warrant this type of response?” “Illegally accessed computers without authorization.” #security
on 02025-08-27#news: “#Coinbase on Thursday reported that cybercriminals bribed overseas support agents to steal customer data to use in social engineering attacks.” #Bitcoin #security
on 02025-05-20holy shit, #Bitcoin’s market cap at US$1.831T is #8, ahead of Meta and Saudi Aramco, and just behind silver, Alphabet, Amazon. If it doubled it would also exceed NVIDIA, Microsoft, and Apple, making it second only to gold, supposedly at US$22.437T. #finance
on 02025-04-23discussion of #Bitcoin puzzle 66 being solved
on 02024-09-16#infographic from 02020 of #Bitcoin compared to other major asset classes
on 02024-08-06#Trump receives US$4 million in donations in #Bitcoin, Ether, XRP, and USDC; also mentions the conference. “In recent months, Trump has positioned himself as the pro-crypto candidate for president, a reversal from his previous stance during his time in the White House.” #politics #USA
on 02024-07-28the “#Bitcoin 2024” conference listed both #Trump and RFK Jr. as speakers, as well as Russell Brand (the actor, not the programmer), Snowden (!), and Vivek Ramaswamy #politics
on 02024-07-28#Trump accepts #Bitcoin #Lightning Network campaign donations as of June 1
on 02024-07-28#IMF Working #Paper No. 2024/085, on #Bitcoin cross-border flows. “The magnitudes of the estimated Bitcoin cross-border flows are sizeable with respect to several countries’ GDP, especially in those which experience relatively small capital flows. (...) Graf von Luckner et al. (...) find that Bitcoin has become an increasingly important channel to send remittances and evade capital controls in emerging markets [poor countries]. (...) LocalBitcoins flows are smaller in magnitude, reflecting that they capture transactions from a single exchange only. They can still be sizeable, however, for some countries with the upper quartile ranging from 0–1.7 percent of GDP on average over 2017–2022. It is worth noting that the distribution of Bitcoin cross-border flows is skewed to the right with the Seychelles registering the largest Chainalysis inflows of 2.5 percent of GDP followed by Venezuela with 0.8 percent of GDP and Moldova with 0.7 percent of GDP on average over 2019-2022. (...) As highlighted by IMF (2023a), policymakers aiming to manage capital flows should ensure that capital flow management regulations cover crypto assets. From a more structural perspective, it is certainly also important to address the [underlying] imbalances which manifest in exchange rate pressures, since the usage of crypto assets would represent just symptoms of the imbalances.” #toread
on 02024-07-28a #Bitcoin/cryptocurrency focused Reddit clone
on 02024-07-28#USA NSA helped to track down certain #Bitcoin users, in an 02013 project called Oakstar, to interdict funding for terrorism (02018 news item). Also #Trump forbade US citizens to buy #Venezuela’s #Petro #CBDC. #history #politics
on 02024-07-28#Scanalyst on how #Trump gave a speech at The #Bitcoin Conference and is apparently backing Bitcoin now, and there’s a letter to the DNC asking them to “pivot away from the anti-bitcoin policies of Elizabeth Warren” #politics
on 02024-07-28judgment in the COPA vs. Wright #Bitcoin case, declaring Craig Wright to not be Satoshi Nakamoto
on 02024-07-18#Próspera in #Honduras adopts #Bitcoin as legal tender
on 02024-06-15using #Bitcoin in #El-Salvador in 02022 was very difficult, over a year after the Ley Bitcoin
on 02024-02-21#El-Salvador had a third of the people using #Chivo in September 02021 #Bitcoin #history
on 02024-02-21scam #Bitcoin wallet published in Ubuntu #Snap store
on 02024-02-21“Squaring the Triangle: Secure, Decentralized, Human-Readable Names”, by #AaronSw on how #Bitcoin demonstrates how a “scroll” can solve Zooko’s Triangle
on 02024-01-13Nick Szabo’s "Bit gold" idea that was the closest precursor to #Bitcoin.
on 02023-12-12#Binance #Bitcoin prosecution and patio11’s predictions about how it will play out
on 02023-12-06#Bitcoin #blockchain #anonymity #chainalysis, Wired article by Andy Greenberg from 02022-04-07; reads like it was written by the IRS's PR department, includes amazing Tor fails
on 02023-01-06#Coinbase on how to regulate #Bitcoin and other cryptocurrencies
on 02023-01-04research at UNM finding high #Bitcoin impact on the #environment; they didn’t contribute new measures of the renewable mix and admit that their estimates could be very far off
on 02022-09-29research at UNM finds high #Bitcoin impact on the #environment
on 02022-09-29apparently the #Terra central bank sold US$3B of #Bitcoin to try to stop the collapse of #Terra/Luna
on 02022-05-21https://archive.fo/18iQ9 #PRC has banned #Bitcoin mining and in November 02021 did a crackdown to try to get rid of the remaining 10% of holdouts
on 02022-02-09the #supply-chain #security #backdoor to steal #bitcoin was in the #npm #JS package flatmap-stream
on 02021-12-14Bukele has 85.7% approval rating after making #Bitcoin legal tender; this can’t end well
on 02021-12-01#Bitcoin shutdown in #China amounts to 90% of Chinese Bitcoin mining
on 02021-07-15a pretty lame rebuttal to the #Bitcoin renewables story
on 02021-07-15The Dorsey/Square white paper arguing #Bitcoin subsidizes renewable #energy
on 02021-07-1545000 #Bitcoin mining machines seized in #Iran because they were using subsidized electrical #energy
on 02021-07-15apparently the #Xinjiang blackout in April took out a third of #Bitcoin’s hashrate. Also, wow, Digiconomist is pretty partisan; I hadn’t realized
on 02021-07-15astoundingly incompetent #Bitcoin reporting from Slate: “To break through these codes, the computer has to figure out a particular block’s matching “key,” an algorithm-generated alphanumeric code also known as a “hash.” To match this hash, the computer has to generate its own guessed hashes and try them on the block until it finds the correct one”; “Bitcoin’s hashrate on Wednesday was equal to 104.041 terahashes per second, which translates to about 104 trillion individual hashes per second”; “Bitcoin operations alone end up draining trillions of energy watts a year”; “if you’re a climate-conscious consumer who subscribes to Twitter CEO Jack Dorsey’s fallacious case that Bitcoin can incentivize the further buildout of renewable energy”
on 02021-07-15hundreds of #Bitcoin miners at a conference after #China ‘outlawed’ mining. #Enegix built a 180-megawatt mine in #Kazakhstan (photo).
on 02021-07-1590% of China's #Bitcoin mining capacity shut down in June, which might explain why hashpower fell by about half; looking at bitinfocharts, it fell from 200 exahashes/second on its May 13 peak to 160 EH/s on June 9 to 70 EH/s on June 28, now back up to 110 EH/s
on 02021-07-15more on #Bitcoin, #energy, #China
on 02021-07-15#Bitcoin miners seeking cheap #energy and friendly regulations leaving #China
on 02021-07-15Wow, #China is really going against #Bitcoin: “financial institutions summoned for a meeting where they were urged to block payment services for any client accounts thought to be involved in cryptocurrency transactions. They were also told to cease offering other services such as account opening, registration and trading for any cryptocurrency-related activities. “Cryptocurrency transactions and speculative activities have disrupted the normal economic and financial order,” the [People’s Bank of China] said in a statement. “They increase the risks of crimes such as illegal cross-border transfers of assets and money laundering, which severely infringe upon the property safety of the general public.””
on 02021-07-15#Bitcoin to be adopted as legal tender in #El-Salvador, alongside the dollar: “[R]oughly 70% of people do not have bank accounts or credit cards. Remittances, or the money sent home by migrants, account for more than 20% of El Salvador's gross domestic product. Incumbent services can charge 10% or more in fees for those international transfers, which can sometimes take days to arrive and that sometimes require a physical pick-up.”
on 02021-06-05#Coinbase valued at US$100B in “a secondary share sale via Nasdaq Private Markets (f.k.a. Second Market), offering up to 1.8 million shares in weekly batches.” #Bitcoin #trading
on 02021-02-20Andreessen Horowitz’s pro-#Bitcoin propaganda about #decentralization
on 02021-01-24Nouriel Roubini hates #Bitcoin and can’t spell
on 02021-01-24Mt. Gox #Bitcoin bankruptcy
on 02021-01-15Vultr does per-hour #hosting and accepts #bitcoin. Their most skookum box has a 400 GB SSD, 16 CPUs, 64 GiB of RAM, and costs US$0.476 per hour, while their cheapest is 1 CPU, 512 MB RAM, 20 GB SSD, and US$0.0004 per hour (US$2.50 per month).
on 02018-11-03huge list of possibilities for #hosting paid with #bitcoin
on 02018-11-03#decentralization with Siatech, Zeronet, spee.ch, Substratum, yalls.org, and Tribler (mostly #Bitcoin paid services)
on 02018-11-03Kickassd.com does #hosting paid with #bitcoin
on 02018-11-03MoreBitcoinTV recommends hostinger.co.uk for #hosting paid with #Bitcoin
on 02018-11-03Bitmain moves from #Bitcoin into #deep-learning. Jihan Wu has a degree in psychology and economics from Peking University.
on 02017-09-13#Bitcoin Lightning Network FAQ
on 02017-08-27#Putin in #Russia favors #Bitcoin and especially #Ethereum, perhaps thanks to the #USA Magnitsky Act imposing sanctions on Russian citizens. #politics
on 02017-08-06#ZCash, #Ethereum, (and #Bitcoin?) in #Venezuela. #politics
on 02017-08-06#Bitcoin #darknet "Hansa Market" was penetrated and taken over.
on 02017-08-06#Bitcoin Cash is currently at US$205 with a US$3.4B “market capitalization”. #finance
on 02017-08-06#Bitcoin #predictions from a financial trader who just bought his first Bitcoin. “I used Coinbase, which from what I gather is the “safe” way to buy, sell and store.”
on 02017-07-29“triple-entry accounting” is somehow supposed to revolutionize everything and is some kind of generalization of #Bitcoin? This article is like a Bingo card of financial hype, including invocation of Warren “Buffet”.
on 02017-07-23#reverse-engineering secret messages in the #Bitcoin blockchain, including the Wikileaks Cablegate archive, Nelson Mandela, the portrait of Len Sassaman, etc.
on 02017-06-18some kind of #Bitcoin clash between Bitmain and gmaxwell (‽). Bram Cohen’s context from elsewhere: “The thing which people are upset about is that Bitmain has been running a scorched earth propaganda campaign against segwit claiming that it’s for technical reasons when their actual reason was to preserve their asicboost advantage. It’s extremely difficult if not impossible to preserve covert asicboost while adding segwit, and given what a damaging selfish sack of shit Jihan has been people aren’t feeling very inclined to continue to sacrifice important functionality for his personal well being.”
on 02017-04-07SNARKs for C: efficient zero-knowledge non-interactive proofs of C program execution. gmaxwell proposes applying this to #Bitcoin.
on 02017-03-11#PDF decision from the SEC rejecting the Winklevoss #Bitcoin ETF (“ETP”?)
on 02017-03-11Brad Templeton on how #Bitcoin is likely to end: perhaps suddenly when another digital currency replaces it using intercurrency exchange.
on 02016-11-21#USA’s IRS is demanding #Coinbase turn over records of all of its #Bitcoin users in 2013–2015 so it can investigate them for tax evasion.
on 02016-11-21#Effugas says #Craig-Wright isn’t #Bitcoin inventor Satoshi Nakamoto but rather an obvious fraud.
on 02016-10-06The #Bitfinex CFTC settlement where they agreed to switch from cold #Bitcoin wallets to multisig, paving the way for the massive #theft two months later.
on 02016-08-03The massive #Bitfinex #theft was facilitated by CFTC regulations requiring them to stop using cold wallets; they lost nearly 1% of all #Bitcoin, about US$67M worth last I checked, although Ⓑ dropped 20% immediately from US$600 to US$480 before recovering to US$570 the next day, making it difficult to fix the value of the loss with much certainty.
on 02016-08-03Dan Boneh on #Bitcoin and #Ethereum and using #formal-methods for #protocols
on 02016-08-01Fred Wilson thinks #Bitcoin will create incentives to create open #protocols, avoiding the repetition of the Twitter catastrophe
on 02016-08-01#Brave got US$4.5 million more #funding, bringing the total to US$7M, on an apparently undisclosed valuation, from FF Angel, Propel, Pantera, Foundation, and Digital Currency Group. Billed as a “#Bitcoin browser”
on 02016-08-01How #Bitcoin sidechains work in outline
on 02016-07-11#Bitcoin sidechains #paper #pdf
on 02016-07-11#Bitcoin clients that support SPV, so you don’t have to download the whole blockchain, include bitcoinj, picocoin, and Electrum
on 02016-06-30chart of #Bitcoin Core contributors
on 02016-06-30discussion of #Bitcoin, with Hermel saying they’ve been temporarily banned from /r/Bitcoin twice by Theymos for mentioning Ethereum in comments.
on 02016-06-30Brian of #Coinbase went to #China to plead with the big mining pools to switch to the #Bitcoin-Classic fork (the new try at #Bitcoin-XT). #BTCC CEO Bobby Lee: “It was almost like imperialistic Westerners coming to China and telling us what to do.” Has a breakdown of #Bitcoin mining power by pool: 26.3% F2Pool, 20.1% #Antpool, 12.6% BTCC Pool, 11.9% BW.com, 9% BitFury, 4.8% Slush, 3.3% KnCMiner, 4.5% “others” (?), 7.6% “unknown”. Also profiles #Bitmain’s Jihan Wu. Bitmain runs Antpool.
on 02016-06-30Russian "Wavesplatform" is “aiming to be a decentralized kickstarter”; founder Sasha Ivanov “has crowdfunded in excess of $16 million for the development of the project”; Liz Parrish’s somatic #gene-therapy company #BioViva, which already has applied a #longevity treatment to reverse #aging of some of its employees (at least including Liz), is issuing shares on “the blockchain”. Not clear whether Waves has its own blockchain or is using #Bitcoin. This is the most #cyberpunk news article I’ve ever seen.
on 02016-06-29Gavin Andresen describes how Craig Wright conned him into believing Craig was Satoshi Nakamoto: “an administrative assistant working with Wright left to buy a computer from a nearby store, and returned with what Andresen describes as a Windows laptop in a “factory-sealed” box.” And then Andresen trusted that computer to tell him whether the signature was valid. #Bitcoin
on 02016-05-02apparently people are now doing #futures #trading in #Bitcoin.
on 02016-04-29brief #slides on the #Ethereum network, a sort of Turing-complete replacement for #Bitcoin.
on 02016-04-16How #sex-workers started using #Bitcoin after Operation Choke Point.
on 02016-04-11The 2012 article on how #Bitcoin made the continued existence of #WikiLeaks possible.
on 02016-04-11how a cashless society (rather than #Bitcoin) “could embolden Big Brother”, explaining Operation Choke Point and Sheriff Dart’s intimidation against Backpage and its #sex-workers.
on 02016-04-11Bram Cohen describes the state of #Bitcoin in 2016. “Mass consumer adoption isn’t happening, and there isn’t much reason for it to. Bitcoin is very good at transferring value if you have the problem that the banking system is trying to keep you from transferring value...”
on 02016-02-199000 #bitcoin (US$3.6M) demanded by malware vendor who’s breaking emergency room systems in Hollywood Presbyterian Medical Center. #security
on 02016-02-15Vinay Gupta’s new short book about smart-contract systems like #bitcoin
on 02016-02-02Bram Cohen describes Mike Hearn’s #Bitcoin farewell essay (the one that dropped Bitcoin from $430 to $360 yesterday) as a “whiny ragequit”, because Mike’s favored #Bitcoin-XT fork lost.
on 02016-01-16Jeff Garzik and Gavin Andresen explain why they think the block size limit in #Bitcoin is going to force it to become a settlement instrument for large transactions, like gold, instead of an everyday currency.
on 02016-01-14Mike Hearn, developer of Tor and #Bitcoin, is giving up on Bitcoin because the Bitcoin XT fork doesn’t seem to be taking off, in part because connectivity between China (where most of the miners are) and the rest of the world is spotty, so the block size won’t grow, which he feels will make the Bitcoin network unreliable and expensive. Mostly he blames the censorship of theymos (Michael Marquardt), who moderates /r/bitcoin and bitcoin.it but not /r/btc, bitco.in, or forum.bitcoin.com, and also gmaxwell, a bit. He doesn’t mention sidechains and barely mentions using it for settlement between larger entities like Coinbase. He also attacks Peter Todd’s “Replace By Fee” proposal, which is intended to make transaction clearing reliably prompt despite unpredictable transaction fees, because apparently it enables you to update a transaction you’ve already sent to point back to you. #predictions
on 02016-01-14a good explanation of #Bitcoin.
on 02016-01-02discussion of whether #Craig-Wright is #Bitcoin inventor Satoshi Nakamoto.
on 02015-12-09#Craig-Wright, possibly #Bitcoin inventor Satoshi Nakamoto, has just had his house raided (for tax evasion).
on 02015-12-09ex-Barclays CEO thinks banks are “Approaching the Uber moment” (due to #bitcoin?) over the next decade.
on 02015-11-26Elaine Shi’s work with Andrew Miller and Jonathan Katz for #archival using a #Bitcoin kind of system, using “proof of retrievability” instead of “proof of work”.
on 02015-09-29My. Goldman Sachs, Barclays, R3, JP Morgan, UBS, Royal Bank of Scotland, Credit Suisse, BBVA, State Street, and Commonwealth Bank of Australias are going to run their own #Bitcoin fork for settlement.
on 02015-09-15gmaxwell says there's no particular reason to think that the bitcoin-dev post condemning #Bitcoin forking to Bitcoin-XT is fake.
on 02015-08-23Mike Hearn explains why the #Bitcoin code is forking into Bitcoin Core, which will retain a 1MB #blocksize limit, and Bitcoin XT (with Gavin, Mike, Jeff Garzik, and I guess Greg Maxwell and whoever else), which will expand the block size in order to increase the network's possible transaction rate. “Those who don’t want to see Bitcoin scale up as Satoshi intended have decided to stall the process of doing so.”
on 02015-08-16Nick #Szabo writing on the #archaeology of #money and how it relates to seals, rituals, and I suppose implicitly #Bitcoin, though he wrote it in 2002.
on 02015-08-14A master’s thesis by Chris Huls of Rabobank and the University of Twente about the possibility of using #Bitcoin for interbank payments and settlements.
on 02015-08-10Algorithmic #bitcoin #trading based on “social signals” like #sentiment-analysis.
on 02015-08-05Gavin Andresen’s commit expanding #Bitcoin block size to 20MB starting 2016-03-01; Andresen was the lead developer until 2014, but this disagreement resulted later in the #Bitcoin-XT fork.
on 02015-08-05chat about #Bitcoin block size in 2015-06.
on 02015-08-05