Bitcoin

cross-posted from: https://lemmy.blahaj.zone/post/43671275

Now with SV2 support! https://fxtwitter.com/StratumV2/status/2062892299579691266

cross-posted from: https://lemmy.blahaj.zone/post/43562191

cross-posted from: https://lemmy.blahaj.zone/post/43380341

this also means theres a docker release :3 have fun mining!

Trading was halted by the Bisq team, by raising the minimal required trading protocol version.

Only active trade offers could've been affected. The local wallet is safe

How did the exploit happen?

In short, the exploit was caused by a missing validation that should have rejected negative input values provided by the taker.

The maker and taker must use the same miner fee. That fee value is provided by the taker.

The attacker supplied a negative miner fee.

When the maker calculated the multisig output amount — which includes the miner fee for the payout transaction — the negative value reduced the multisig amount to 0.001 BTC, while the remaining funds were redirected to the taker’s change output.

cross-posted from: https://lemmy.blahaj.zone/post/41562511

cross-posted from: https://lemmy.blahaj.zone/post/41550753

Notable changes:

• mempool clustering is released, and removed the CPFP carveout in previous versions
• RBF validation has been tightened (see https://delvingbitcoin.org/t/an-overview-of-the-cluster-mempool-proposal/393#rbf-can-now-be-made-incentive-compatible-for-miners-11)
• -privatebroadcast added to sendrawtransaction RPC, to broadcast over tor/i2p only
• an asmap has been embedded and can be enabled with -asmap or -asmap=1
• default dbcache has been upped to 1024 on systems with more than 4096MiB of ram

other changes in the linked release notes

cross-posted from: https://lemmy.blahaj.zone/post/41456180

2026 is the year of mining decentralization, mark my words

only 5th/s on the miner that won as well! buy a bitaxe/nerdaxe, its great :3

cross-posted from: https://lemmy.blahaj.zone/post/40960337

What are some of the best companies that can help me setup a self-directed IRA?

After buy-and-holding for ~10 years, I finally cashed-out 50% of my bitcoin to USD. I got about a million dollars and paid a couple hundred thousand in taxes. I plan to re-invest maybe $250,000 into bitcoin in the next crypto winter, but I want to be smarter about taxes. I want to setup an IRA (and, because I want the flexibility to buy whatever coins I want and do self-custody, it needs to be a self-directed IRA).

I spoke with a tax advisor that recommended Broad Financial (broadfinancial.com) to setup a self-directed IRA. It looks like they'll charge me about $1,000 per year. I expected to pay a few thousand up-front for some company to help me setup a self-directed IRA (lawyers who draft the documents for me to sign and hold my hand to setup the LLC), but I can't understand why I'd have to pay a yearly fee thereafter!?!

The whole reason I want a self-directed IRA is so that I have complete control. I'll control the LLC 100%. I'll have checkbook control. This third party that helps me setup the LLC should do nothing for me after initial setup, so why would they charge a yearly fee if they do 0 hours of yearly work?

Before I pull the trigger, I want to do my due diligence in researching Broad Financial and their competitors. But when I google for it, I get a deluge of results about crypto IRAs that are not self-directed.

Can anyone please list for me the top-10 companies that assist people like me in setting-up a self-directed IRA? I'm mostly planning to buy cryptocurrencies, but the company doesn't need to have any experience in crypto; that's all going to be directed by me.

What are the top-10 companies that assist in the creation of a self-directed IRA?

When BTC continues to half it will deincentivise people to mine it. Their rewards will drop as the price of electricity stays the same in that moment.

How will this affect BTC's usability? If less people are mining then does that mean there will be a traffic jam when people want to transact, thus significantly raising transaction fees and slowing the process? This will deincentivise people from wanting to use BTC.

At this point what else would people flock to to keep currency sovereignty?

BTC Lightning? Though this is dependent on BTC as a whole right?

Monero maybe? I don't know really anything on how that coin works.

A lot the hype around this spike is driven by the absolute state of the US Dollar right now.

If you look at BTC vs GBP it's barely cracking the ATH it achieved in February

https://www.reddit.com/r/Bitcoin/comments/1lx7oaz/this_aged_well/

Bitcoin breaks $109K for a new all time high.

https://www.msn.com/en-us/money/markets/bitcoin-hits-new-price-highs-as-crypto-industry-scores-wins/ar-AA1Fdost

@bitcoin #bitcoin

Since Bitcoin's inception in 2009, the amount of energy required to mine has always been less than the amount of Bitcoin you got for mining. But that was never going to last; there was a limit of 21 million possible Bitcoins baked into the system from the jump, and the rate of new coins mined has gotten slimmer as competition has increased, making the economics worse and worse over time.

These days, one Bitcoin trades for around $94,000, but costs about $137,000 in electricity for small-scale operations to mine, making new coins an economic liability for all but the largest players. For those whales, Gizmodo estimates the most optimal cost for mining a bitcoin at around $82,000 — slim margins which are shrinking fast.

Right now, the top 8 percent of crypto wallets own a little under 99 percent of all Bitcoin in circulation. Zooming in even farther, we see that the top 1 percent of crypto wallets control over 90 percent — so much for all that decentralization that Bitcoin was supposed to represent.

https://www.barrons.com/articles/microstrategy-stock-price-bitcoin-coinbase-770d8cf8

Oh no. Mstr and Bitcoin are both dead, again.

@bitcoin

#bitcoin

A comprehensive guide on how to set up a highly available LND cluster with floating IP address, including benchmarks for various combinations of storage backends, and scripts to automatically set up most of the environment.

Anyone activate this yet? Is this a River only feature or a broader feature?

Michael Saylor, co-founder and chairman of business intelligence firm MicroStrategy, has unveiled a comprehensive crypto framework aimed at further integrating Bitcoin and other digital assets into the US economy.

https://www.michael.com/digital-assets-framework