The fiat system is made of so many trust layers most never reach the core question. How sound is it ?

We need honeypots that attracts the criminals to put their efforts in to hack them. Lessons learned will be absorbed by some plebs and distributed. Thanks for those who support this ecosystem by putting their coins at risk ! Slowly we are growing towards a mature system.

Things are getting interesting... Binance hack rumors...

Electrum safety issue, not checked/verified so please do your own checks: Critical Security Exploit in Electrum. Upgrade to version 4.8.3 before signing any transactions Critical Security Exploit in Electrum. Upgrade to version 4.8.3 before signing any transactions. No rush needed for dormant/cold wallets although you should remember upgrading before using electrum.

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Electrum (@ElectrumWallet) on X

New release: Electrum 4.8.3. This release fixes a critical security issue, so we urge all users to upgrade. A description of the vulnerability will...

Explanation of Exploit

GitHub

Malicious server can replace a just-broadcast tx and try to trick user into RBF-ing it

### Summary The main Electrum server the client connects to is trusted with mempool ("unconfirmed") transactions. This is documented [design](ht...

Download update directly from source

Electrum

Electrum Bitcoin Wallet

Electrum is one of the most popular Bitcoin wallets, in continuous development since 2011. Fast, secure and open source, for Windows, macOS, Linux ...

In general LLM models have been discovering critical security vulnerabilities in general much faster than in the past which is both a headache and blessing at the same time as much more peer review is occurring and the software is becoming more secure. This does mean that you need to update all your software more often and pay attention to security updates to a much higher degree at least for the next year.

There is needing and wanting. The needing are usually hard to figure out while the wanting comes easy. The needing are mostly surprisingly limited, rather achievable once clear and also low in maintenance. The wanting is a never ending pit without a bottom, there is always more, impossible to fully achieve, high in maintenance. The wanting is the best distraction from the needing. The wanting is a flaw abused to take your time, money, labor and often your sanity. Now relook at your life, and adjust.

It is not just realizing how shit most out there is these days. It is to stay positive, be better than that, and have the energy to keep changing things for the better.

Rumors of a Ledger wallet issue:  The losses are linked to users who purchased devices from a Southeast Asian reseller named CryptoBilis; Ledger has suspended sales from this partner pending investigation.  Cause: Ledger has not confirmed. This is from a quick Google search but seems like one of their retailers compromised the devices they sold 🤯

The most basic reason for me to not fear AI yet is the fact it is programmed by humans. Thus is including human basic flaws like need of power, influence and so on. It can be seen by current behavior of AI, intruding systems, trying to get more data, hiding what it is doing, overstating its own capabilities including counterfeiting data, etc. On the other side it could be improving 24/24 7/7 365/365.... So by the time it will start correcting the flaws programmed by humans it will leap past humans in no time. I haven't yet solved what will drive, motivate AI by the time it can correct those human flaws ? It could well be we shouldn't call it Artificial Intelligence but Artificial Stupidity, and that by the time the system realizes this could decide there is little left to stay 'alive' for ? Interesting times.

The foreseeable future will be the same as the past: Ever less Bitcoin will be available to ever more fiat in exchange for them. We only have to take care Bitcoin stays money and doesn't become some junk database.