6 Myths about privacy on blockchains by a16z Do not fall for the ZKProofs image
are we all happy that we taught the Government about bitcoin yet or
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GM β˜€οΈ image
GM, nobody seems to know how much bitcoin the US Government has, and that appears to include Treasury Sec. Scott Bessent, who is still claiming that the Government has up to 170,000 BTC. If Bessent is relying on numbers made available by the blockchain intelligence firm Arkham, it would mean that the US Government is planning to build the Strategic Bitcoin Reserve with coins that it doesn't actually own – namely funds to be given back to Bitfinex. If you don’t care whether Bitfinex gets its money back, imagine this: You have 1 BTC stolen in a hack today, with bitcoin at ~$115,000. The Government then finds the hackers, takes ~3 years to finish proceedings, and you get $115,000 back while the Government keeps your coin – which at that point may be worth $500,000. Raise your hand if you want the Government to steal from you πŸ™‹β€β™€οΈ View quoted note β†’
Get in you guys we're rebranding the Deep State (To people who slap agents with Subway sandwiches) image
When I first started The Rage, a lot of people asked me how I thought I could make a difference by bootstrapping a new publication in a space that was already well saturated with big names who were well funded, widely read, covered big stories and had super successful journalists. What would I do differently than what the others had been doing? I told them that my editorial policy would be this image