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The BIP 300 drivechain fork, branded as e-cash, is scheduled to launch on October 31, coinciding with Bitcoin's 18th anniversary. The project uses SHA-256 mining to enable optional, sidechain-based features.
Summerwill clarifies that the DAO rescue hard fork was an irregular state transition rather than a blockchain rollback. It transformed the targeted smart contracts into simple refund contracts, effectively transferring coin ownership without the use of private keys.
Ethereum Classic survived the split because its rapid difficulty adjustment algorithm prevented block production from stalling. In contrast, Bitcoin hard forks with slow adjustments often grind to a halt when they lose majority hash power.
The host notes that the 21 million coin cap is absent from the original white paper. A November 2008 pre-release client yielded a total supply of 20 million coins due to its 100-coin block reward.
The host criticizes the BIP 110 Blake fork as reductionist and authoritarian. The project artificially shrinks block sizes and relies on easily manipulated Discord votes to bypass miner consensus, undermining Bitcoin's original design.
Summerwill highlights data showing Ethereum's Layer 2 ecosystem capitalization reached 30 percent of its Layer 1 value. In comparison, Bitcoin's L2 market share, including Liquid and Stacks, languished at roughly 1 percent of its Layer 1 value.
Tyler Warner reports that AI coding agents helped researchers decrease the benchmark for a key step in a quantum attack on Bitcoin and Ethereum by 86%. David Bennett criticizes the report for framing a global cryptographic threat as only a cryptocurrency issue.
The Ethereum Foundation set a hard December 2029 deadline to make transactions, validators, and storage quantum resistant. Meanwhile, NIST drafts propose deprecating classical public key algorithms after 2030 and disallowing them entirely after 2035.
Ezra Regreira reports that Blockstream refused to pay a 10% ransom to hackers who exploited the Liquid Network federation wallet. The hackers initially withdrew 4,000 Bitcoin but returned 3,400 after Blockstream patched the affected bridge nodes.
Jordan signs Ashigaru Desktop releases with his BIP-47 code. To protect user privacy, the software automatically sanitizes exported logs to strip out private addresses or transaction details.
Users without a personal Electrum server can discover alternative trusted nodes. The app connects to the Dojo Bay reference instance over Tor to locate available Electrum servers.
Whirlpool mixes on Ashigaru Desktop operate in 0.025 BTC and 0.25 BTC pools. Change that falls below these minimums goes to the bad bank, which cannot be mixed.
The Mix To feature allows users to route coins automatically to a hardware wallet, such as Passport Prime, once they reach a specified mix count. This process uses watch-only output descriptors.
Blockstream Liquid was hacked for 4,000 BTC after an attacker exploited an inflation vulnerability. The exploit resulted from a flawed code patch released on September 1, 2024, which attempted to fix an older 2018 range proof vulnerability.
Adam Back announced the Liquid network peg will remain one-for-one. Blockstream and its partners are plugging the remaining 600 BTC deficit after the hacker returned 3,400 BTC through encrypted OP_RETURN negotiations, keeping 15 percent as an unsolicited bounty.
The Liquid exploit exposed structural risks in federated sidechains, where members blindly run software updates without auditing the code. The attacker bypassed security controls by exiting through Sideswap, a federation member that lacked KYC or transaction velocity controls.
Bob Burnett estimates that public mining companies have dropped their share of the network hash rate from nearly 40 percent down to around 28 percent. This shift decentralizes the physical distribution of hashing power across the network.
Nacho Pauls reports that Ocean's hash rate dropped from 40 exahashes to 23 exahashes following the controversial BIP-110 hard fork. Despite the decline, the pool remained functional and profitable for miners who chose to stay.
Bob Burnett stopped signaling for the BIP-110 proposal on June 1st after recognizing a complete lack of broader ecosystem consensus. He argues that pursuing technical updates is useless without the explicit support of pools, exchanges, and node operators.
Bob Burnett argues that the Bitcoin network needs three to five independent node clients with significant market share to safely negotiate future protocol upgrades. He models this after the historical standardization of PC components like USB and PCI.
Coin Corner launched an insured multisig Bitcoin custody vault with partner Anchor Watch. David Bennett argues that wrapping custody in complex multisig structures risks isolating Bitcoin from its original purpose as accessible peer-to-peer cash.
The Liquid Network paused its sidechain after a white-hat hacker exploited an Elements bug to withdraw nearly 4,000 Bitcoin. The hacker returned 3,400 Bitcoin after on-chain negotiations, keeping 598.5 Bitcoin as an unauthorized 15% finder's fee.
Hunter Biden is launching a meme coin named Laptop on Coinbase's Base network, allocating thirty percent of the supply to founders. The token features programmed burns of thirty percent of its supply tied to political and market benchmarks.
Cronos validators executed a controversial rollback of 10,961 blocks to recover $111.2 million stolen from the Tectonic lending protocol. David Bennett argues that reversing nearly two hours of transactions undermines the core security promise of immutable ledger technology.
An attacker drained nearly 4,000 Bitcoin from the Liquid Network after exploiting a software bug that accepted fake liquid Bitcoin as valid. Side swap accepted the coins, and the federation processed a peg-out of roughly 3,996 Bitcoin to the attacker.
The Liquid exploit targeted a validation shortcut in the Elements software cache. The cache verified range proofs without validating asset types or spending conditions, allowing the attacker to bypass cryptographic checks with an invalid output that matched a cached description.
The Liquid federation's 11-of-15 multi-sig custody structure failed to stop the exploit because the underlying software validated the fake coins first. Since all signers ran the same faulty Elements code, they reached the same incorrect validation conclusion.
Orange Surf reports that the vulnerability was publicly exposed when a patch pull request sat open starting September 1. The attacker likely identified the unmerged bug fix and immediately exploited the live network.
The attacker communicated with Blockstream via on-chain OP_RETURN and PGP-encrypted messages, claiming they would return the funds once all nodes are patched. Max remains skeptical of a return, while q and a expects the attacker to comply.
The hacker responsible for the Wave 3 Coldcard exploit moved roughly 20.5 Bitcoin into Ethereum via Thorchain swaps. This constitutes slightly over 1 percent of the total 1,789 Bitcoin stolen during the exploit.