Bitcoin Reddit

More / Bitcoin Reddit - 3 weeks ago

What is the point or benefit of KYC?

Having been involved in btc in 2011 to 2014 and coming back to it last year I really hated the whole KYC thing when I learnt about it. It means we lose anonymity and must pay tax. Apparently in exchange we get security? Except we don't? If your c...

More / Bitcoin Reddit - 3 weeks ago

It hurts.

Seen on a TV quiz show in Germany. Question is: “What type of inflation is generally considered good for a country’s economy?” The supposedly correct answer is C: “creeping inflation.” This is wrong in so many ways. I don’t know where to start...

More / Bitcoin Reddit - 3 weeks ago

If cycles are not a thing, how random is this though?

Days from Bitcoin halving to subsequent market peak: 2016 halving → peak: 525 days (9 July 2016 → 16 December 2017) 2020 halving → peak: 548 days (11 May 2020 → 10 November 2021) 2024 halving → peak: 535 days (19 April 2024 → 6 October 2025, ~$126K)...

More / Bitcoin Reddit - 3 weeks ago

Why were Coldcard hackers so stupid?

I don't understand this hack. Most of the funds moved to a handful of wallets. They are now tainted and require mixing and even then they will never be fully unsuspicious. If they had just generated a new wallet for each one they drained and move...

More / Bitcoin Reddit - 3 weeks ago

Bitcoin is stronger than ever

After the recent Coldcard hacks I was initially worried what’s going to happen to bitcoin. I was orange pilled ages ago and have been a bitcoiner since. I’m from an abusive alcoholic family and never had any financial support, but my bitcoin pr...

More / Bitcoin Reddit - 3 weeks ago

Don’t do that

There are a bunch of videos now on youtube, teaching how to generate a seed phrase using dice, but two of them were particularly interesting. I won’t post their channel names or link to their channels. But one of the guys was a bitcoin guru, offering...

More / Bitcoin Reddit - 3 weeks ago

Coldcard entropy even worse than feared

TL;DR: The random number generator is initialized with a 32 bit value (4B+ possibilities). But only less than 10M options are possible because of how they generate the value. The PRNG used in Coldcard MK3 is initialized with UID[31:0] XOR SysTick->...

More / Bitcoin Reddit - 3 weeks ago

New Wallet After Coldcard Hack

I was affected by the Coldcard hack. Thankfully, my Coldcard Q was only 1 key in a 2 of 3 multisig. My coins are safe. But with 1 key compromised, I decided to migrate. My new 2 of 3 multisig: -Coldcard Q updated with the new firmware. Seed generate...

More / Bitcoin Reddit - 3 weeks ago

Daily Discussion, August 06, 2026

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 yo...