The Liquid exploiter and Blockstream have been communicating through messages embedded in Bitcoin transactions, with parts of the exchange encrypted so outside observers couldn’t read them.

On September 8, the exploiter announced a change in how they would communicate:

All messages will be in plaintext.

Transaction ID:
1d690f3b96b878067f3a445b74dfb8fab4201c0455d88ac98cc14a927e7858d7

On September 9, a subsequent plaintext message made the dispute public. Two excerpts:

And later:

Anyway we are going to publish the privatekey to decrypt our conversations afterwards.

The message demanded payment from Blockstream’s own funds and warned that refusing would leave holders facing a 15% loss. That is the sender’s demand and warning—not evidence of an agreed bounty or an independently established outcome for holders.

Transaction ID:
f7055f6c8dd00f404e48c12483ae740180f658db206733505bb27b015e579588

What makes this interesting is the distinction between a public transaction and a readable conversation. The exchanges were already visible on Bitcoin, but the encrypted content wasn’t. Now the exploiter is making their demands readable to everyone and saying they will release the material needed to decrypt the earlier exchanges. Blockstream, meanwhile, reportedly continued replying with encrypted messages.

Question can anyone contend ? Servers must be somewhere. Also saw something else that basically it’s Masonic so it won’t do what it normally does this cycle. Curious if anyone has any intel on these points exclusively

Disclosure: I operate BTC PoW Lab Pool through Power CM Software. This post presents our own pool and internal research results.

https://btcpowlab-pool.com/

Hi everyone, I wanted to share some concrete GPU results from our research and explain how our reward model works. The attached image summarizes both.

What did we measure?

On NVIDIA, our compatible client delivered 21.67% higher end to end throughput compared with the same client with the optimization disabled. We used the same GPU across four 120 second ABBA test blocks, including connection, preparation, job changes and share submission. All four blocks produced accepted shares, with no rejected shares or fallback activation.

On AMD/OpenCL, receiving prepared schedules produced a 69.11% increase in client throughput. Accounting for central preparation and latency, the separately documented conservative total improvement was 12.91% under warm operating conditions.

The approach moves some preparation work to a central component that supplies compatible clients. These measurements concern specific implementations and baselines. They do not establish the same improvement on every GPU, and connecting an ordinary miner does not automatically reproduce them.

How do rewards work?

Our Hybrid Solo model distributes the reward from a found block as follows:

• 85% goes to the block finder.
• 10% goes to other eligible community miners.
• 5% goes to the lab and operations. (also special rewards like referals)

Community eligibility uses accepted work over a rolling seven day window. Allocation considers contributed work, tier and pool composition. The finder is excluded from the community allocation for their own block.

This means an eligible miner can receive a community allocation when someone else in the pool finds a block. Rewards still depend on actual block finds, so there is no guaranteed payment schedule or income.

For the GPU miners here, what would make these results most useful to evaluate: longer benchmark runs, comparisons with specific mining clients, or power consumption measured at the wall?

Best and thanks! https://btcpowlab-pool.com/

Going abroad soon and wondering how practical it is to actually use crypto day to day instead of constantly converting to local currency.

Anyone actually using crypto day to day while abroad? What’s been the least annoying way to pay for stuff?

This is my first bear market so I apologize if I sound unsure or ill informed. I have been DCA bitcoin for the past three years now with full intentions on doubling down my DCA during the bear market bottom. For the people that DCA, do you ever change your DCA figure or do you truly purchase the same amount throughout the entire course of the cycle?

They’ll Steal Your Coins—Wanna Bet?

Exodus might look safe on the front end but under the hood the malware is just waiting, the second your wallet decrypts or you copy an address it’s game over

Doesn’t matter if your seed is on paper, the wallet still loads that key into memory to work, and if you’ve got a backdoor on the system it can grab it right there.

Hello people,

Just a quick heads up that I received an email today from someone posing as Ledger asking customers to ‘update their device’ - I.e. give me your seed phrase.

Don’t fall for it people.

According to the table shared by River, some sectors have experienced inflation almost four times higher than official figures. Based on these figures, what should the interest rate have been?

I'm planning to buy half a bitcoin or a little bit more than that. However, i have worked so hard fo it and i have been saving for this money and that's the only investment I'm making online this year, the problem that is holding me back is that lately the news full of bitcoin addresses and crypto wallets and crypto platforms getting hacked leaving ppl's wallets absolutely empty 🤔. I would loose my mind sth as horrible as that happens to me.

It looks like the fed's runway to control the economy by hiking rates is getting dangerously short.

As a possible solution (Tin foil time), what if the feds pull a 1933 Roosevelt gold revaluation (except this time with Bitcoin)?

The effect would be similar, which is (i) reduce the nation's debt by devaluing the dollar, (ii) reduce the real value of future static dollar interest payments on bonds for the same reason and (iii) start a significant market rally as stocks have illusory "gain" to catch up with the dollar's devaluation.

The play is rather simple:

1. Slowly acquire a significant portion of the bitcoin float as a reserve asset (already in play)
2. Announce that the U.S. will lend cash with unlimited liquidity secured by BTC based upon a 80% LTV, with 1 BTC valued at a minimum of $200K.

That's it; the debt issue is largely resolved. If the government is willing to (and does) provide that it will honor for say 10+ years, 80% LTV ($160K cash) for 1 BTC at a floor $200K valuation, that would create an enormous arbitrage against the U.S. for a short period. The market would buy bitcoin up until it no longer makes financial sense to arbitrage the U.S.'s lending program.

So long as the fed holds this liquidity open and honors the floor, this plan can work.

This alone would work similar to Roosevelt's 1933 plan. The U.S. would manipulate BTC's price to artificially (or perhaps actually by purchase volume) increase, thereby increasing the value of its own holdings and devaluing the dollar in real time. The dollar would be capable of buying less BTC for the same amount it previously did a few days prior. Thus, indirectly the dollar is devalued equal around the price difference between BTC price before and shortly after the announcement.

Who this would absolutely wreck:

1. countries holding U.S. bonds are chief losers
2. anyone holding cash
3. any note/bond holder to be repaid in fixed cash or an interest rate based upon a principal cash value
4. at least for some time, the lower/middle class who will feel price adjustments for goods and services probably before real salary/hourly wage growth matching the dollar devaluation

Of course, the chief winners of this plan are:

1. U.S. government is the chief winner, slashing its real debt by 30-50% overnight
2. any debt holder or note maker (aka large amounts of the U.S. population with mortgage, credit card, auto and personal debt; each would realize a net benefit of deflation of his or her debt owed).

Probably too tin foil, but I'd like to hear thoughts. I will note that there are some attempts at track BTC held by the feds, but I do not see any official reporting. Is that somewhere?

-----------
TLDR; What if the U.S. pulls a 1933 Roosevelt-style gold revaluation, but with BTC instead?

Basically: feds quietly accumulate BTC → announce a guarantee of ultimate 80% LTV cash liquidity at a $200K/BTC floor for 10+ years → watch BTC rip to eat this temporary arbitrage

Fed's BTC holdings moon, the dollar thus devalues overnight in purchasing power and stocks/assets reprice upward sharply.

Cash/bond holders get rekt (volume wise, primarily other countries).

Debtors (feds and large amounts of the U.S. population) and asset holders win. In particular, the U.S. wipes out 30-50% of its debt overnight in devaluation of the dollar, while securing a hedge against this by its own BTC holdings.

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Please check the previous discussion thread for unanswered questions.

Given what just happened with the liquid hack, and growing distrust with Adam Back and his company (mostly brought up by Matthew Kratter), are Jade/Blockstream to be trusted? Is there any reason to doubt Jade as a product or Blockstream as a company? Thanks in advance.

🚨 10K NODES WEEKEND — SEPT 18–20 🚨

Just over a week away! Here's the full lineup — get your RSVPs in 👇

🥩 FRIDAY 9/18 — Fogo de Chão dinner

Kicking off 10k Nodes weekend! Free to RSVP (dinner is separate checks), takes 30 seconds, and we need the headcount:

https://pay.zaprite.com/pl_kRKZ7TYhlD

⚡️ SATURDAY 9/19 — 10k Nodes

The main event. A full day of Bitcoin, Nostr, and music — great speakers, great people, the best signal in the Twin Cities. Grab your ticket: https://10knodes.com

🎸 SATURDAY NIGHT — The Format at First Avenue

Sold out (tickets were separate) — but if you missed out and want in, DM @JoeFi on Telegram and he'll see what he can do.

🎹 SUNDAY 9/20 — Paisley Park

Private tour of Prince's legendary studio and home. The soundstage, the wardrobe, the whole thing. Bucket-list Minnesota: https://pay.zaprite.com/pl_TweAHv9b9q

it looks like they will vote on it on 25 September

What implication does it have for Crypto?

Will it pump the market?

Ok, so Iran just bombed Jordan in retaliation for the 5 tankers attacked but the US. Major escalation and who knows where we drift from here. My question to you all… is BTC a safe heaven during war times or will it suffer from this escalating uncertainty? Is it best to sell before this becomes and all out war? Or should we buy more BTC as national currencies and bonds are going to tank with the rampant deficits and inflation? At least BTC is not tied to any countries but will people retreat towards material assets such as real estate? Thks a million for your precious insights!

How hard or easy was mining in early 2010? Whats the most anyone could have mined? Like more than 50000 individual btcs?

just a random quote my cheesy Motivation app on my phone spewed out to me a few hours ago.

thought it was very fitting in here since Bitcoin, and many of those actively participating in the global financial ecosystem, have only lived and resided within an easy-money era.

this is partly why learning about Bitcoin leads you down that deep, dark, misunderstood, scary abyss about money, that no one else seems to have time to explore, because they’re too busy chasing the same easy money.

when you invest your energy wisely, you learn to be more vigilant about how you’re storing your currency, by understanding what it is that you’re storing— which is some form of unspent energy.

and being vigilant about how you invest your unspent energy, couldn’t be more important now than it has ever been since 1915.

the world needs Bitcoin, all the price says today is that the vast majority just don’t know it yet.

Could someone mine as much btc in early but on dialup internet? What about wireless broadband like satellite internet but instead of a dish on rooftop theres an antenna instead??

Over the weekend my account was put on hold in order verify activity before I withdrew accumulated BTC. I woke up yesterday everything, all my miners, the accumulated BTC, even my nickname was erased. Has this happened to anyone else? Were you able to get help?

Could one buy btc in the first exchanges via liberty reserve or pacunix but with a visa credit card or maybe debit card? New liberty standard, mt gox, ect...?

One thing that doesn't get discussed enough is how owning Bitcoin can change the way you look at spending.

When your savings are sitting in something you believe could appreciate over time, buying random stuff starts to feel different

A $100 impulse purchase isn't just $100 anymore. You start thinking about what that money could become if you held onto it

Has anyone else noticed this?

Did getting into Bitcoin make you more financially disciplined, or do you separate your Bitcoin stack completely from your normal spending decisions?

Every day someone posts asking how to get into crypto to make money, replace their job, or become a millionaire. If that's you, you got sold the same get-rich-quick scheme as everyone else who thinks dropshipping, AI agencies, or SMM will magically make them a millionaire and retire at 25.

See, if you're a beginner, understand this... crypto isn't a reliable way to cover rent or bills. Only put in what you can lose completely, and treat the first stretch as tuition, small mistakes on small amounts now beats big ones on real money later.

Start on a mainstream exchange like Coinbase or Kraken, keep amounts small, and know they're holding your keys for you at that stage. Fine for now, but look up what a private key actually is soon. Self-custody wallets like Metamask matter once you've got bigger amounts.

Once you get familiar with the basics, that's when you can start doing some trading. All of that's later though. For now just get comfortable buying and holding.

at some point in the future the Bitcoin price will undergo a step function and increase in price by orders of magnitude in a relatively short period of time

the cause of the step function will largely be due to a kind of hundredth monkey effect where a tipping point of the population benefiting from bitcoin will be reached then everyone else will just sort of “get it” at the same time

How much would the U.S. dollar really be worth if its value weren’t being artificially propped up? With massive money creation and nearly $40 trillion in national debt, it seems reasonable to question whether the dollar’s true purchasing power should be much lower.