Damus
Bitman profile picture
Bitman
@Bitman

Follow the money.

Relays (10)
  • wss://nos.lol – read & write
  • wss://wot.utxo.one – read & write
  • wss://nostr.land – read & write
  • wss://premium.primal.net – read & write
  • wss://algo.utxo.one/ – read & write
  • wss://relay.damus.io/ – read & write
  • wss://nostr.wine – read & write
  • wss://relay.nostrplebs.com/ – read & write
  • wss://relay.primal.net/ – read & write
  • wss://purplepag.es – read & write

Recent Notes

Noshole · 6d
Morning!🫂
Bitman profile picture
“Crises” are meant to weaken the weak and strengthen the strong… mentally strong.
When we can no longer change a situation, we are forced to change ourselves.
Luck follows courage. It fuels the will to keep believing, even without knowing whether things will work out or not.

Most of the time, it’s not about how much you have in your bank account, but about what you have in your mind.

So be careful about what you let into it.
Bitman profile picture
Google Quantum AI published a paper yesterday reducing by ~20x the estimated number of physical qubits needed to break the cryptography that protects Bitcoin. It would take ~500,000 physical qubits to execute the attack in minutes.

Scary headline. But the most powerful quantum computer in the world today—Google’s own Willow—has 105 qubits. The gap between 105 and 500,000 is not linear; it’s exponentially complex in engineering terms. The paper itself states that such a machine does not exist.

What the coverage ignores:

Elliptic curve cryptography doesn’t protect just Bitcoin. It protects the global banking system, SWIFT, stock exchanges, military communications, every HTTPS website on the planet. If a quantum computer breaks Bitcoin, it breaks everything. The difference is that centralized systems can deploy silent patches. Bitcoin requires consensus—it’s slower, but transparent and auditable.

And Bitcoin is already preparing. BIP 360 has been accepted into the official repository, with a functional implementation on testnet using post-quantum Dilithium signatures (NIST standard), 50+ miners, 100,000+ blocks, and an active community of 100+ cryptographers. The co-author of BIP 360 estimates ~7 years for full migration. Google itself is racing to migrate its systems by 2029—not because the threat is imminent, but because preparation takes time. Bitcoin is on the same path.

A detail few mentioned: the paper’s co-author is Justin Drake, a researcher at the Ethereum Foundation. Vitalik Buterin has already published a post-quantum roadmap for Ethereum and publicly reinforced the urgency. Nothing against it, but it’s worth noting: those competing for second place have an incentive to highlight weaknesses in the first. The paper is legitimate. The narrative amplification isn’t always.

The market understood. #Bitcoin is up +3% in the last 24 hours, marking a third consecutive day of gains, while “quantum-resistant” tokens pumped 50%. The pattern repeats: apocalyptic headlines, memecoins ride the hype, and Bitcoin keeps doing what it has always done.

Post-quantum cryptography is an engineering problem with a known solution. What doesn’t have a known solution is printing money infinitely and expecting nothing to happen.
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Bitpower · 2w
Well written!
Bitman profile picture
Anthropic’s Claude Code source code got leaked. Someone made a fork. The fork reached 32.6K stars and 44.3K forks.

The developer got scared of being sued. Creative solution: they used OpenAI’s Codex to convert the entire codebase from TypeScript to Python.

AI being used to get around copyright. This is going to be a huge debate in the coming years.

It’s not just developer creativity. It’s a new legal question: if AI rewrites code in another language, is that a derivative work or a new one?

The future of software copyright just got a lot more complicated.
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fractalchris · 2w
Crazy
the axiom · 2w
this sounds like the definition of derivative code if I'm the judge
R · 2w
Copyright is fiat and will not survive. You can’t own publicly known information.
G Force G · 2w
Maybe this is the pathway to using Claude for automated murder robots courtesy of the DoW. 💀
neutron · 2w
And when programming languages for these rewrites run out, they’ll use AI to come up with new programming languages to rewrite with. This whole AI thing is just a big circus where the clowns are not funny and the animals are asleep.
Bitman profile picture
🥷 127,000 BTC.

This wasn’t just a seizure.

It may have been the first Bitcoin war between superpowers.

On Oct 14, 2025, the U.S. DOJ announced it had seized 127,271 BTC.

But the real story is how those coins appeared.

👉


They were linked to Chen Zhi, a Cambodian-Chinese billionaire behind the Prince Group.

Accused of fraud, human trafficking, and money laundering across Asia.

But those coins…

weren’t just “criminal funds.”

They came from a forgotten hack in 2020.

💸 Dec 29, 2020

127,272 BTC vanished.

Gone in hours.

Stolen from LuBian, a mining pool controlling ~6% of global hashrate.

👉

The attack was surgical.

No servers hacked.

Just a fatal flaw:

👉 weak randomness in key generation

Attackers predicted private keys… and drained everything.

Then… nothing.

For YEARS.

The funds sat untouched. Silent.

Until 2021–2022…

Messages started appearing on-chain:

“Please return our funds.”

“We will pay a reward.”

That’s when the truth leaked:

👉 Prince Group was connected to the stolen BTC

But still… nothing moved.

Until June 2024.

💥 The wallets suddenly woke up.

Funds started moving.

👉 https://intel.arkm.com/explorer/entity/lubian-hacker

Blockchain analysts tracked the destination…

And found something shocking:

🇺🇸 U.S. GOVERNMENT ADDRESSES

👉

Just like that…

The biggest hack in Bitcoin history

became

⚖️ an official U.S. seizure

But here’s the problem:

Bitcoin doesn’t care about laws.

👉 You need private keys.

So the real question is:

HOW did the U.S. get them?

The DOJ says:

“The keys were in possession of Chen Zhi.”

👉 Legal seizure. Not hacking.

But there’s a gap.

No warrants disclosed.
No device seizures.
No cooperation details.

Nothing.

So theories exploded:

• He was forced to hand over the keys
• A covert cyber operation
• Intelligence-level recovery

Then China responded.

🇨🇳

A 47-page report accused the U.S. of:

👉 state-sponsored theft

Their argument:

• 4 years dormant
• then perfectly synchronized movement

Too clean. Too precise.

To Beijing, this wasn’t justice.

It was:

👉 digital piracy by a superpower

Now think about this:

For the first time ever…

Two global powers are disputing

NOT land
NOT oil

…but

🧠 PRIVATE KEYS

❄️ Welcome to the Digital Cold War

Where governments fight for control of value

on-chain.

127,000 BTC was just the beginning.

Your keys are safe…

until they aren’t.
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The Fishcake (nostr.build) · 5w
GN
Bitman profile picture
At the event “The United States will bomb Iran by…”, Polymarket offers a range of dates for traders to speculate on—from 1 or 2 days to as long as 4 months.

We observe that the farther out the deadline, the higher the probability it resolves as YES. That’s because there is more time for the event to occur—in this case, for the U.S. to bomb Iran.

Another aspect is the possibility of extracting gains from markets that are nearing expiration and have a high probability of resolving as NO.

If you bet that there will be no U.S. bombing of Iran by today (02/17), you earn 0.6% on the invested capital in one day.

For February 22, the return rises to 7%, but the position will only settle in five days.
1
krikkebelgium ⚡w/☂️ · 8w
They will not bomb Iran. America just doesn't have the industrial base to cover yet another conventional war... Fin.
Bitman profile picture
You are already free.
Bitcoin has already won.
Your family has already prospered.
Your future is already abundant.

Don’t let this leave your mind, my friend.
It is your inevitable reality.

Have a great weekend!
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Bangarangg · 9w
Everyday you enjoy is one that can't be taken away
Connie · 9w
Great weekend for you too! 💜🧡
crany 👽🧡🗿 · 9w
stack, hodl, and spend less than the stacking #Bitcoin
ew0k · 9w
So true
Resonance Cascade The II · 9w
I prefer to think of it as a long game. You keep doing the work, keep digging, and don’t get too attached to the idea of having “won.” Everyone’s definition of winning is different, and history has a habit of humbling people right after they think they’ve made it.
Kyma Fi · 9w
I was just telling my friend this same thing. It’s really easy to get nihilistic but it’s really just fear of change. All the noise and confusion is the elites and powerful losing to the new world of sound money. It’s falling and it’s amazing to live in the collapse of a regime and cult of f...
SATOSHI TAMIZHAN · 9w
Wisdom ♥️
Bitman profile picture
“Bitcoin is an open-source public infrastructure. A utility, just like the internet, water, or fire.

It doesn’t depend on any person or institution.
It has no secrets.

No tacky pedophile is going to steal our chance to fix this rotten system. Bitcoin is the solution, not the problem.”

@jack mallers
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Satosha · 10w
Everyone can have SATs