Help @thedaoofwei the new UX is terrible on coins.ph app
Was the UI even trialed with customers before rollout ? Its very un-intuitive. Any way to rollback to old UI ?
Double Spenders retweeted
The BitPay data shows the same thing: #LightningNetwork users are overwhelmingly using custodial services.
#Bitcoin needs to start exploring different scaling methods ASAP, before we end up with fractional reserve banking 2.0!
Ran some analytics on zaps on nostr, it's quite terrible...
~95% of users have their lightning address set to a custodial wallet
~91% of all zaps by volume have gone to a custodial wallet
@walletofsatoshi is the clear winner of 50% of users and 67.5% of volume
Double Spenders retweeted
Back in the 1600s, one guilder kept at the Bank of Amsterdam was worth more than a physical one in your hand. The reason was that it was more useful; it was protected from theft, you could borrow against it, buy securities with it, etc. Will the $USDT agio persist?
Double Spenders retweeted
If you’re worried about stranded dollars at your bitcoin exchange because the banking crisis: look out for if the BTC price on the exchange starts trading at a premium compared to market averages. (It means the exchange’s dollar balances are losing purchasing power.)
lightning is already fully compromised
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"on chain" Bitcoin now premium to off chain lightning nightmare
Offering 75K sats (on-chain) to whoever can create a font or other computer-usable support for a set of 256 characters like this.
#Bitcoin
Very valid point. Often overlooked by analysts
Double Spenders retweeted
We continued to escalate this and found the HTTP request to run vehicle commands.
This also worked!
We could execute commands on vehicles and fetch user information from the accounts by only knowing the victim's VIN number, something that was on the windshield.
Double Spenders retweeted
One of my fav papers in 2022 recently got updated: arxiv.org/pdf/2201.11860.pdf.
50% of LN payments can be deanonymized by a handful of central nodes, e.g., @walletofsatoshi, @acinq_co, @LNstats, @CoinGatecom, etc.
L2 privacy is still a dream. Source code: github.com/pi-yush/anon-cryp….
ALT A few central, influential nodes can completely deanonymize 50% of LN payments, i.e., the median entropy of the payments is 0 bits. Even though the network size increased, payment privacy just got worse due to the preferential attachment dynamics: influential nodes became more influential over the years and routes more and more payments.
This will be interesting . Especially for spam prevention.
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Double Spenders retweeted
translation: nobody wants to go from a crappy administration (twitter) to a despotic administrator (mastodon).
that's why there is #nostr.
