151–160 of 564 posts
I still think the reason Satoshi vanished is that he lost his private key and couldn't handle the embarrassment.
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Bitcoin had to be forked in the early years due to critical errors in the original code. There was nothing perfect about it.
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Experts make mistakes all the time, fail to see hidden risks, like Challenger explosion. This will never see mainstream adoption at this rate. If the hacker is smarter, being smart is not good enough.
The only mistakes experts made in the Challenger explosion was failing to draw pretty a enough picture to convince barely numerate management to stop the launch.
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Exactly! if the experts can’t secure their accounts, what hope does anyone else have? Soon you will see people saying you should have done this or that complicated thing, or how somebody so smart could should have known better. No matter what they say it is never enough. This is why lack of consumer protections suck.
That's why hardware based security is really the only way at this point. He might be a bitcoin core Dev but does he use ledger/trezor etc? Is his PGP key on his hardrive or a smartcard? In this day and age your computer not a bastion it once was. (It never really was but it's more of a problem in 2022 than 1982).
Just for a little context luke jr was infamous on cryptocurrency forums for being adamant that the sun revolved around the earth, all religions other than catholicism are evil, there is an "ethical aspect to slavery" and that bitcoin's 1 KB/s throughput was too much and should be cut down even further. https://archive.is/sS5Ml https://archive.is/DrP83 https://np.reddit.com/r/Christianity/comments/36w6nw/why_did... ht…
a hot wallet on a $55 dedicated server from some rando colo? he would have been more secure having it at coinbase…
Just for a little context luke jr was infamous on cryptocurrency forums for being adamant that the sun revolved around the earth, all religions other than catholicism are evil, there is an "ethical aspect to slavery" and that bitcoin's 1 KB/s throughput was too much and should be cut down even further. https://archive.is/sS5Ml https://archive.is/DrP83 https://np.reddit.com/r/Christianity/comments/36w6nw/why_did... ht…
I still think the reason Satoshi vanished is that he lost his private key and couldn't handle the embarrassment.
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More specifically, a scheme to enable transferring funds in/out of foreign countries to securely bribe informants and supply agents with money.
It's the logical companion to Tor, which was created by the U.S. government to facilitate secure information transfer in/out of foreign countries. But when they created Bitcoin, they decided to make it anonymous after the mistake of doing Tor in the open.
Maybe...
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>math and code were nearly perfect with zero peer review Bitcoin had to be forked in the early years due to critical errors in the original code. There was nothing perfect about it.