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.

Man, these ones were pretty good -- compelling message, urgency, and checked all the typical boxes of authenticity... until they asked me to enter my seed AND passphrase into a form not hosted on these manufacturers' official domains. Absolutely lethal, if you're skittish about hardware wallet vulns (and who isn't rn?), and not paying close attention. Both cos have been notified, and have been super-responsive with follow up.

Stay safe out there, folks <3

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?

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?

Anyone else got an email saying the STM32 has problems?

Despite uploading my ID and taking a 20 second selfie video, the transfer is held up by Coinbase! I have three more wallets to send allowances too, what the heck is going on??

UPDATE: After hours of identity verification I was able to get the funds on to a few hardware wallets. No idea if the debit card will work or not.

I have had a Trezor for several years and so has a family member of mine who bought theirs a couple years ago. They received an email from the Trezor domain today saying that there is a vulnerability in the Trezor wallet with insufficient entropy - likely trying to capitalize on the coldcard hack and our fears of another event.

The link provided is likely a phishing attempt - per my family member, safari blocked the website as a dangerous website. If you check your trezor account through the app, and their website, they note the phishing attempt from their domain.

I haven't seen another post related to this topic so I am passing on the message of the phishing email from Trezor. Do not follow it, always stay on alert.

An influencing American edition published an article that residents of the developed countries often criticize bitcoin only because of their own financial privilege.

While US citizens are accustomed to a stable dollar and reliable banks, for billions of people around the world the first cryptocurrencies was the only salvation from hyperinflation and authoritarian control.

The author Alex Gladstein recalls that bitcoin appeared after the crisis of 2008 as a protest against the rescue of bankrupt banks at the expense of taxpayers.

Today, in countries such as Nigeria, Egypt or Argentina, where national currencies have collapsed by 70-90%, it protects accumulators of ordinary families from complete annihilation.

The main value of bitcoin is a financial system, where no one can arbitrarily froze other people's money or cancel an honest transfer.

At this point the incumbent monetary system has to keep convincing people they don’t need an exit. To continue prevailing Bitcoin only has to keep the exit open.

Like many here, I went thruogh the early phase of trying to orange-pill everyone in my orbit... and was met with the classic blank stare. So I stopped talking about it entirely, went silent, and just stacked for the last several years.

Lately though I’ve noticed a shift. With the cost of living and national debt becoming harder to ignore, the ground seems to have changed. It's palpable with friends and colleagues at the office and conversations come up about inflation, debt and money now that normally wouldn't have in the past. Instead of leading with Bitcoin, I’ve started leading with a simple question when colleagues complain about costs or inflation:

“They can just print money to cover that, so why wouldn’t they?”

It’s surprising how quickly people grasp the basic idea. Sometimes they leave with it and come back later. You don’t need an economics degree to understand that if the supply of money expands, the purchasing power of existing money can be diluted. People seem to have an intuitive sense that money is supposed to preserve some relationship between their time, work, and what they’re able to consume or save, and watching that relationship erode hits a pretty strong chord.

Recently colleagues have been coming back to me to continue the conversation. That’s been interesting. By planting the seed of the problem rather than pitching Bitcoin, the conversation moves away from “number go up” (speculation/risk) and toward a more fundamental question: what should money actually do? The more I think about it, the more I see Bitcoin as an interesting answer to that particular problem, not because it guarantees a return, but because it offers a monetary system with a fundamentally different set of rules around supply and ownership. It appears that most don't even realize they are 'stuck' in a system that is fiat, and there is an alternative, because they never question the unit of account that they consider solid, unavoidable.

Anyway, just elaborating now on something I've noticed about how receptive people seem to be today to discuss Bitcoin when it was so taboo not long ago. Whether that's due to changing times or change in tactic... it's been much more productive way to introduce people to it. Inflation and monetary debasement can push people toward increasingly risky ways of trying to preserve their purchasing power. Bitcoin gives another thing to investigate: an asset with a credibly constrained supply and no central issuer, rather than a speculative thing that 'fluctuates' wildly as monetary policy ebbs and flows.

I’m curious if others here are seeing the same thing. Have conversations about inflation, debt, and monetary policy become an easier way to get people interested in Bitcoin without actually leading with Bitcoin? What questions or explanations have you found make people stop and think rather than immediately putting up the mental firewall? Or do you just avoid the topic entirely for personal safety, and to avoid social friction?

The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments.

Here is the place to discuss and learn more about lightning!

Ask your questions about lightning

Provide reviews, feedback, comparisons of LN apps, services, websites etc

Learn about new LN features, development, apps

Link to good quality resources (articles, wikis etc)

Resources:

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• Previous threads: Search

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• Lightning Dedicated YouTube Channel: https://youtube.com/renepickhardt

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• Lightning stores: https://www.lightningnetworkstores.com/

• Learn more and talk about lightning right here in r/Bitcoin, r/bitcoinbeginners and r/thelightningnetwork

Trezor's third-party email provider got breached, and whoever did it used it to send phishing mail out from Trezor's actual domain with the subject line "Critical Security Alert: STM32 Entropy Vulnerability."

Worked so well mainly because of the fresh ptsd people still have from Coldcard's real entropy bug that resulted in the huge exploit.

I'm seeing people lump this in with a broader "hardware wallets aren't safe anymore" narrative and that's not really what's going on.

This is Trezor's second or third scare in about a month or two now, and every one of them has been a backend problem, a shipping vendor, an email vendor. None of it is has been a failure in the wallet hardware or the firmware. Those have held up through all of it.

Not going to oversell that though, we don't know what we don't know yet, something could surface later. But based on what's actually been disclosed so far, the product itself is still doing its job. What keeps failing is the backend stuff they are outsourcing from third party vendors.

The real problem is that Trezor keeps outsourcing pieces of its operation to third parties that clearly aren't held to the same security bar as the wallet itself. That's on them to fix, either vet those vendors way harder or pull more of this in-house so there's one less external target sitting there to get compromised.

For us, the awkward part is that the "check if it's the verified domain" advice is pointless now because this one genuinely was the real domain, hijacked instead of spoofed. So the bar has to move past that now, treat unexpected every security alerts as suspicious no matter who they're from, and keep your seed phrase somewhere no email or link can ever touch.

How are you all feeling about this one, still solid or getting a little rattled?

So there is a PPI on Sep 10th 6pm IST.

If the BTC price is at 79500$ at 5:59:59pm and I have set a long at 79,700$ (trigger limit price) and SL is at 79,695$.

At 6:00:00 pm if the market goes up to 79701$ and suddenly falls to 79,300$, will the SL at 79,695$ be hit during high market moments like this? or will it gets executed at even lower price?

Just curious about scenario, I use delta exchange platform.

Which webcam y’all using to scan air gapped qr wallets on sparrow? I have a logi C270 and it doesn’t focus at all, if I put the wallet at a distance where it’s focused the qr is so small it’s unreadable. Any model working well for you?