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BankSith
banksith@nostrplebs.com
npub1xuc7...97xc
Fiat Survivor. You can never fully understand #bitcoin when you never got unbanked before. Vivere militare est. Goldbug. PRO MERITIS DE #BITCOIN. Modern Monetary Reality, ∞/21M 🧡🐇 🇨🇿🇵🇱 #SatNak
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BankSith 1 week ago
#Consensus first. Consensus must be the no.1 make or break point for the network. I would not say the whole bip 110 is nonsense. No one wants spam. However the way bip 110 group was actively willing to risk a chain split is in my eyes not acceptable. The 55% thresold is complete BS. Let's solve ongoing issues but not with a sledgehammer. Btw I am not technical as a former banker however I know a thing or two about monetary networks. #bitcoin View quoted note →
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BankSith 1 week ago
#gold is money. Everything else is credit? #bip110 image
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BankSith 2 weeks ago
"CEO and CTO of #Coinkite appear concerned as they face criminal charges over Bitcoin theft allegations popular A growing number of accusations point to Coinkite's leadership as responsible for a massive theft involving their Coldcard hardware wallets. Recent findings reveal that the company's senior figures may have manipulated the software to exploit vulnerabilities, leaving users exposed for years. Key Players and the Controversy Coinkite's CEO, Rodolfo Novak (alias NVK), and CTO, Peter Gray, are at the center of these claims. Their dismissal of a so-called "retirement attack"—a scenario where wallet makers exploit flaws to drain user funds—raises flags, especially given the timeline of events. December 2020: NVK publicly downplays concerns about retirement attacks, suggesting users rely on dice rolls for randomness during seed generation. October 2021: The company falsely claims that Coldcard devices eliminate these retirement threats, despite mounting evidence to the contrary. Curiously, two separate warnings about potential vulnerabilities were raised by researchers—once in 2021 and again in 2025—but were ignored. As one commentator noted, "It’s not exactly groundbreaking, but" the negligence is alarming. Major Findings from Users and Security Experts In a detailed analysis, experts pointed to the manipulation of random number generation tied to a pseudonymous GitHub account likely belonging to Gray. This raises serious questions about the integrity of Coldcard's security protocols: Gray's alias, switck, appears to have authored critical code changes, linking the device's entropy generation to a flawed library. Users who neglected to opt into additional security measures remain at risk, drowning in a sea of broken trust. "A developer reported the flaw, but Coinkite just shrugged it off," one user remarked, reflecting the sentiment that leadership may have been more concerned with profit than user safety. In light of the recent investigation, some users are calling for legal action against Coinkite's executives. "If this is true, everyone at Coinkite should be facing prison time," exclaimed another comment. User Reactions and Implications The sentiment among forum members is overwhelmingly negative. Many feel betrayed, suggesting that the company's actions indicate either gross incompetence or deliberate malfeasance. Quotes from the comments suggest wide acceptance of the latter: "Intentionally planting a bug in your own code is criminal," one commenter stated. "This came across like an exit scam for developers," another added, pointing to the severity of their mismanagement." https://coindailies.com/news/coinkite-ceo-cto-charges-bitcoin-theft-evidence/
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BankSith 2 weeks ago
Deutschland bekommt Menschen geschenkt. Es ist so wunderbar.
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