Viewing profile — statoshi

It's still pretty rare, but as the space goes mainstream I expect the frequency of such attacks to increase.

> It's bad for the environment Not any more so than other forms of energy consumption. If anything, Bitcoin incentivizes the use of clean renewable energy. https://niccarter.info/t…

Indeed; I wrote an article last year about time locking. https://blog.keys.casa/bitcoin-multisig-time-locking-challen...

Anything that can be owned can be stolen. It's a question of how difficult you make to steal and thus how much riskier you make it for someone to attempt an attack.

You sound confused; I'm the author of the article, not the subject.

I wish that were the case. Unfortunately, while still rare, there are physical attacks perpetrated against bitcoin owners. I've been tracking them for several years. https://github…

Nope, but the value of the educational takeaways from the report are not contingent upon me providing evidence of this specific attack. You are welcome to be skeptical.

Our client's privacy is more important than your curiosity; it's as simple as that.

You're free to believe that I (the author) made up this story. I'm not a fiction writer; the Bitcoin security space is exciting enough without needing to waste time making stories …

Ha! Another empty prediction that we'll happily call you out on once it expires. Remember when you predicted that Bitcoin would completely cease to exist by the end of 2019? https:…

Indeed; the market has clearly chosen to prefer optimizing for low cost of full system validation (running a full node) over lost cost of transacting (cheap block space.)

False. You're referring to an adversarial situation where your payment channel counterparty tries to close the channel using an old state that gives them more of the money in the c…

Nonsense. Multiple teams are developing Lightning Network implementations and anyone who desires to commit capital to operate a Lightning node can do so without asking permission f…

No; keep your FUD on /r/btc.

Fraud protection is referring to protection against double spending and protection against chargebacks - it's not the same type of consumer protection that folks are used to with c…

This was a highly contrived test - an interesting point to note is that they don't talk about how long it would take new nodes to perform an initial sync if there were weeks / mont…

Some people proselytized it, sure. And they're generally the folks who are upset with the current situation and have switched to various altcoins that will suffer from the same sca…

This is not news; we adjusted the bitcoin.org site to match reality.

The pull request was brigaded by folks from /r/btc who were not interested in positively contributing to the discussion; they just wanted to waste our time rehashing the past 3 yea…

I'm the author of the pull request that made this change; feel free to AMA related to it.

Sounds like you're looking at the wrong metrics. Dogecoin had 0 commits to its main repository in 2017. Compare that to 3,277 commits to Bitcoin Core alone. Bitcoin has scaling iss…

To be quite honest, it doesn't matter if folks think that non-mining nodes are unimportant - they can't force folks who /are/ running full validating non-mining nodes into acceptin…

Our understanding of Bitcoin has progressed by leaps and bounds since the system has been running for 9 years. The whitepaper is not the end-all, be-all of Bitcoin. Even Satoshi di…

False; peers validate and propagate information across the network. You don't have to be creating blocks in order to validate and propagate them.

False. For more details: https://medium.com/@lopp/securing-your-financial-sovereignty...