Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[AlcoHoDL]

The ‘Vault’ Is Back: Coder Revives Plan to Shield Bitcoin Wallets from Theft

Basically, someone holding bitcoin primarily as a store of value could put it in cold storage, or hold it offline, with code that says it can be spent, but not immediately. The owner could set some pre-determined time delay on any attempt to move the coins. The fact that it has a built-in delay would give a true owner time to reverse a transaction if their private information had been compromised and someone tried to steal their crypto.

Malte Möser, Ittay Eyal, and Emin Gün Sirer proposed this feature, known as “vaults,” as a way to better secure bitcoin in 2016, but their proposal required a fork of the protocol codebase. That fork never happened.

But on Wednesday, Bitcoin Core contributor and crypto consultant Bryan Bishop sent out a design to developers to accomplish the same thing using existing code.

https://www.coindesk.com/the-vault-is-back-bitcoin-coder-to-revive-plan-to-shield-wallets-from-theft

I like this.

Especially since it does not require a fork to be implemented.

[bkbirge]

The ‘Vault’ Is Back: Coder Revives Plan to Shield Bitcoin Wallets from Theft

Basically, someone holding bitcoin primarily as a store of value could put it in cold storage, or hold it offline, with code that says it can be spent, but not immediately. The owner could set some pre-determined time delay on any attempt to move the coins. The fact that it has a built-in delay would give a true owner time to reverse a transaction if their private information had been compromised and someone tried to steal their crypto.

Malte Möser, Ittay Eyal, and Emin Gün Sirer proposed this feature, known as “vaults,” as a way to better secure bitcoin in 2016, but their proposal required a fork of the protocol codebase. That fork never happened.

But on Wednesday, Bitcoin Core contributor and crypto consultant Bryan Bishop sent out a design to developers to accomplish the same thing using existing code.

https://www.coindesk.com/the-vault-is-back-bitcoin-coder-to-revive-plan-to-shield-wallets-from-theft

That's cool, Coinbase has that functionality but of course it's a centralized exchange and you aren't in control of your keys. This looks to be the better solution.

[kurious]

Thanks JSRAW! I'll do my best to come back with nice stories and bits - food porn in Mic's honor, maybe. And you, please, mind your digests. We've got to the point where we depend on them...  

Thanks fillippone, I just needed your nudge. Everything closed, 1.46% profit on the play stash. Could've been worse.  

Thanks bitcoin, be a good girl. Or be a bad girl. We still love you either way, and you know it!

Forget about price checking every day and return with tales of adventures.  Enjoy.

[VB1001]

Goodbye 12000, the whale is playing again.

[_javi_]

These daily pump and dumps are getting ridiculous.  

[fillippone]

Savage red dildo.

[nutildah]

Observing BTC @12,070 USD.
Observing GOLD @1,502 USD. (highest point since April 2013)

Donald Trump sent Gold overshooting criticizing FED being too shy cutting rates (like 15 trln of negative yield bonds worldwide are not enough)

Some user would be celebrating for this move in Gold.
All other user know what bullish gold implies for their favourite asset and are celebrating too!

Peter Schiff must be having a stroke right now because of joy. From $1200 to $1500 in a couple of years man that's nearly %25 gains! What other financial instrument could give you such fat returns maan that's dope! 

It was interesting to learn than Schiff's dad, Irwin, died in prison 3 years ago as part of his protest/boycott on federal income tax. Talk about standing up for your beliefs! Peter is a bit soft and coddled in comparison... His net worth is only about what his dad owed in back income taxes.

[Phil_S]

I see we're back to "normal" levels.

[DeathAngel]

Don’t worry about dumping below 12k guys. The price is going only one way in the next couple of years & that’s parabolic to the upside. What we’re seeing now is just whales playing & price discovery. At some point we’ll break up & they won’t be able to push us down.

Enjoy the show & try to buy every dip.

[rdbase]

Observing BTC @12,070 USD. whoops 11,690
Observing GOLD @1,502 USD. (highest point since April 2013)

Donald Trump sent Gold overshooting criticizing FED being too shy cutting rates (like 15 trln of negative yield bonds worldwide are not enough)

Some user would be celebrating for this move in Gold.
All other user know what bullish gold implies for their favourite asset and are celebrating too!

Savage red dildo.

I think the recent drop of $400 was due to the news of binance the biggest exchange being hacked and customer kyc information is in the cloud now.
https://bitcointalk.org/index.php?topic=5173312

Shows a suspect victim's kyc/aml verification photo in this article with their face blurred out but can see the usual date and binance.com name in the background.
https://www.coindesk.com/binance-kyc-issue

[El duderino_]

This corn price-action is beginning to bore me.

Wake me up at $20k

Wake me up at 24777 so I know where to send Some Corn at.

[LFC_Bitcoin]

This corn price-action is beginning to bore me.

Wake me up at $20k

$20,000 not until after the halving I think. Not too bad though, I’m certain we’ll see six figures before 2022. It’s just a waiting game, kind of like putting our best lives on hold until this thing moons (which it will).

Keep smiling Bob.

[bkbirge]

Mounting recognition of Bitcoin as a safe-haven asset is being spurred by the relevance of its non-sovereign characteristics amid an unpredictable geopolitical backdrop. The coin is “doing exactly what it's designed for today,” cryptocurrency and blockchain lawyer Jake Chervinsky argued earlier this week.
https://cointelegraph.com/news/bitcoin-price-correlation-with-gold-nearly-doubled-in-past-3-months

Seems to tie in to what some folks here were discussing earlier.


This is interesting, gov't hackers moonlighting at night?
https://cointelegraph.com/news/chinese-govt-hackers-are-targeting-crypto-companies-report

[Krubster]

I think the recent drop of $400 was due to the news of binance the biggest exchange being hacked and customer kyc information is in the cloud now.
https://bitcointalk.org/index.php?topic=5173312

That's from an old hack back in August last year. CZ confirmed this on Twitter earlier today
https://twitter.com/cz_binance/status/1158984801442910209

[realr0ach]

Haha.  The Zerohedge goyim know.  Anyone can create a new digital shitcoin out of thin air, but nobody can create another silver or gold in their basement.

[jojo69]

Golly

I guess these alts really can go to zero.

[jbreher]

Observing BTC @12,070 USD. whoops 11,690
Observing GOLD @1,502 USD. (highest point since April 2013)

Donald Trump sent Gold overshooting criticizing FED being too shy cutting rates (like 15 trln of negative yield bonds worldwide are not enough)

Some user would be celebrating for this move in Gold.
All other user know what bullish gold implies for their favourite asset and are celebrating too!

News of simultaneous pump in Bitcoin and in Gold is likely to cement the 'digital gold' narrative in the minds of the many.

[jbreher]

It was interesting to learn than Schiff's dad, Irwin, died in prison 3 years ago as part of his protest/boycott on federal income tax.

Fascinating. I had no idea they were related.

[bitcoinPsycho]

This corn price-action is beginning to bore me.

Wake me up at $20k

Wake me up at 24777 so I know where to send Some Corn at.

[fillippone]

Observing BTC @12,070 USD. whoops 11,690
Observing GOLD @1,502 USD. (highest point since April 2013)

Donald Trump sent Gold overshooting criticizing FED being too shy cutting rates (like 15 trln of negative yield bonds worldwide are not enough)

Some user would be celebrating for this move in Gold.
All other user know what bullish gold implies for their favourite asset and are celebrating too!

News of simultaneous pump in Bitcoin and in Gold is likely to cement the 'digital gold' narrative in the minds of the many.

Well, actually Gold continued drifting upwards, while bitcoin reversed back.

But really, we are observing blips in short term price that are really insignificant in the long run.