Damus

Recent Notes

Tim · 1d
market not that affected because basically nobody self custodies
calle · 1d
This is worse than any previous Bitcoin exchange hack. It is arguably one of the worst things that could happen. The popular hardware wallet COLDCARD has a faulty random number generator (RNG). Funds...
billybigpotatoes profile picture
Whilst it sucks for those affected, its not as bad as:

(1) Mtgox hack. 80% of global btc trading happened through gox and 6% of all bitcoins in circulation were stolen. BTC price collapsed roughly 50%.

(2) Bitfinex Hack. 120000 btc stolen. All customers had to take an account balance haircut of 35%. BTC price collapsed 20%.

To me this is similar - but worse than - the milksad bug. How bad it will be for the market will depend on (a) Coldcard's reaction to those who have lost funds and (b) how quickly Coldcard's customers move their funds to secure addresses.
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Jack · 1d
It's worse symbolically
Tim · 1d
this is way worse than exchange hacks because it affects self custody. and the milksad bug had way less bitcoin stolen (like 30 instead of >1000)
Yojimble · 3d
🤞
Derek Ross · 5d
They get filled immediately. There's no point. You'll end up closing those channels faster. Closing and reopening new channels is a waste of funds.
nikotsla · 5d
Performance and optimization, mostly.