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Peter Todd claims he has confirmation [1] [1] - https://twitter.com/peterktodd/status/1609655629903265795 https://twitter.com/peterktodd/status/160965562990326

Peter Todd claims he has confirmation [1] [1] - https://twitter.com/peterktodd/status/1609655629903265795 https://twitter.com/peterktodd/status/1609655629903265795

gjsman-1000 4y ago
If a Bitcoin Developer with >$3M in Bitcoin didn’t use a hardware wallet… God help the typical Bitcoin user. It’s a tragedy, and inexcusable.
- SilasX 4y ago
  Gavin Andresen, a lead Bitcoin developer, sent me a 10 BTC donation ($3000 at the time) when he meant to send $10 worth of BTC. Yes, I refunded. https://news.ycombinator.com/item?id=14720921 https://news.ycombinator.com/item?id=14720921
  - hgsgm 4y ago
    Great example of how "Bitcoin is trustless" means "Bitcoin only works is the trust is provided externally".
    - 323 4y ago
      It's not just Goodness of heart. This case can fall under existing laws. You are not allowed to keep obvious transfer mistakes like these.
      - ipython 4y ago
        Who would enforce this? The Bitcoin police?
      - hgsgm 4y ago
        Right, that's "trust" being provided by the legal climate.
      - adql 4y ago
        Yeah in banking law, there is no bitcoin bank...
- horsawlarway 4y ago
  fraud and reconciliation are fundamental in our finance systems. To claim this as anything other than a failing of bitcoin as a whole is "inexcusable".
  - meltyness 4y ago
    I still get butterflies thinking about the clever beauty of the great network, computer, software, cryptographic security piñata in the sky. It means that rather than being a story about public affairs, snake oils, and conspiracies -- security is now a legitimate business concern. I won't pretend to have an endgame, but I really don't see too much to loathe. Even the most vehement concerns are easily reframed as opportunity. - Unsuspecting public? To contrast crypto with the system not many people's personal financial planning involves bounding correlations between News Sentiment -> VVIX -> VIX -> Derivatives market -> Volatile inflation across all sectors. - Security concerns? Again, this slaps a price tag, and hence quantifiable risk-level on every computer system security level -- airgapped? networked? It's practically its own insurance, on software that is still centuries away from being closed-form auditable. - Proof of work? Global governments cooperate to limit, minimize, control power usage. Not such a bad thing in that light, the power system could use more care and engineering as it is.
  - deleted 4y ago
    [deleted]
- tmpburning 4y ago
  I host my Bitcoins publicly as a gpg encrypted file
  - fortysixdegrees 4y ago
    Cool. Link?
    - tmpburning 4y ago
      I'll email it to you, if you provide an email address.
- dibt 4y ago
  A Bitcoin dev has a higher threat profile than the average person. if only because it would be assumed he had many bitcoin in self-custody. Many things we do as a 'nobody' would get us compromised if our threat profile were a littler higher. He made it worse by being so public, and hosting his own (publicly known) servers.

Peter Todd claims he has confirmation [1] [1] - https://twitter.com/peterktodd/status/1609655629903265795 https://twitter.com/peterktodd/status/1609655629903265795

gjsman-1000 4y ago

If a Bitcoin Developer with >$3M in Bitcoin didn’t use a hardware wallet… God help the typical Bitcoin user. It’s a tragedy, and inexcusable.

SilasX 4y ago
Gavin Andresen, a lead Bitcoin developer, sent me a 10 BTC donation ($3000 at the time) when he meant to send $10 worth of BTC. Yes, I refunded. https://news.ycombinator.com/item?id=14720921 https://news.ycombinator.com/item?id=14720921
- hgsgm 4y ago
  Great example of how "Bitcoin is trustless" means "Bitcoin only works is the trust is provided externally".
  - 323 4y ago
    It's not just Goodness of heart. This case can fall under existing laws. You are not allowed to keep obvious transfer mistakes like these.
    - ipython 4y ago
      Who would enforce this? The Bitcoin police?
    - hgsgm 4y ago
      Right, that's "trust" being provided by the legal climate.
    - adql 4y ago
      Yeah in banking law, there is no bitcoin bank...
horsawlarway 4y ago
fraud and reconciliation are fundamental in our finance systems. To claim this as anything other than a failing of bitcoin as a whole is "inexcusable".
- meltyness 4y ago
  I still get butterflies thinking about the clever beauty of the great network, computer, software, cryptographic security piñata in the sky. It means that rather than being a story about public affairs, snake oils, and conspiracies -- security is now a legitimate business concern. I won't pretend to have an endgame, but I really don't see too much to loathe. Even the most vehement concerns are easily reframed as opportunity. - Unsuspecting public? To contrast crypto with the system not many people's personal financial planning involves bounding correlations between News Sentiment -> VVIX -> VIX -> Derivatives market -> Volatile inflation across all sectors. - Security concerns? Again, this slaps a price tag, and hence quantifiable risk-level on every computer system security level -- airgapped? networked? It's practically its own insurance, on software that is still centuries away from being closed-form auditable. - Proof of work? Global governments cooperate to limit, minimize, control power usage. Not such a bad thing in that light, the power system could use more care and engineering as it is.
- deleted 4y ago
  [deleted]
tmpburning 4y ago
I host my Bitcoins publicly as a gpg encrypted file
- fortysixdegrees 4y ago
  Cool. Link?
  - tmpburning 4y ago
    I'll email it to you, if you provide an email address.
dibt 4y ago
A Bitcoin dev has a higher threat profile than the average person. if only because it would be assumed he had many bitcoin in self-custody. Many things we do as a 'nobody' would get us compromised if our threat profile were a littler higher. He made it worse by being so public, and hosting his own (publicly known) servers.