“...because of KYC. That's Kill Your Customer.” @lopp at Bi | peterktodd on Binance Square

Trending Articles

Bookmarked and Liked

--

“...because of KYC. That's Kill Your Customer.”
@lopp at Bitcoin 2025, talking about how bitcoiners' addresses leak, leading to home invasions.
@TheBitcoinConf

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

103,931.7

-0.03%

7

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@peterktodd

Explore More From Creator

Worth reading: https://github.com/bitcoin/bitcoin/pull/32406#issuecomment-2955614286 @glozow's highly detailed and footnoted explanation of why she merged the pull-req to uncap OP_Return outputs.

--

😂 I'm not sure that anyone on this panel is actually working on a system that is sufficiently secure to be considered an L2. https://petertodd.org/2024/covenant-dependent-layer-2-review#what-is-layer-2

--

Wild that we have an official statement against CBDC's at Bitcoin 2025 from the US Secretary of Homeland Security. Elections matter.

--

Lolwut? Obviously mining is profitable enough that people keep doing it at bigger and bigger scales. The claim that "mining is very unprofitable to destroy seignorage" is bizarre: 1) difficulty adjusts 2) transaction fees If reward+fees is high, difficulty adjusts higher as more hashers are attracted and mining becomes less profitable. If reward+fees is lower, difficulty adjusts lower as hashers turn off their machines. Either way, long term _profitability_ of mining operations depends on your costs relative to others, and how much extra business you can attract (e.g. with non-std transactions). MARA obviously has done very well on the latter. In the long run taking away the block reward actually makes mining _more_ profitable for larger miners/pools: they can afford to play the most games with transaction selection and ordering. And they can do reorg attacks to steal fees from other miners. Smaller miners can't do this profitably as the overheads (and hash power) required to do this stuff is high. Your solo mining bitaxe is definitely not doing reorg attacks. We see this on Ethereum, where MEV has made the minimum investment to run a profitable pool has gotten to the tens of millions of dollars range. To be profitable, you basically need to be a high speed trading company. The "influencers" in this space are remarkably clueless.

--

Latest News

Cryptocurrency Legislation Nears Approval in the U.S.

--

Circle Internet Group's Market Valuation and USDC Circulation Update

--

Bitcoin News: Bitcoin Eyes $105K as Trump Signals Iran Talks Ahead of Fed Decision

--

Apple to Acquire Significant Number of Trump Gold Cards

--

Binance News: Binance Spot Market Share Hits 12-Month High at 41.14% in June 2025

--

Trending Articles

🇺🇸 HAPPY FED DAY!!! IT’S A BIG ONE 📉📈 Here’s what you

Kyle Chassé / DD🐸

🚨 Russia Shuts Down Massive 30,000 sqm Illegal Crypto Mining Farm

XRP ETF News: SEC Opens Official Review Process for Franklin’s Crypto Fund

😔 I Lost $50,000 Before I Learned These 6 Bearish Traps 💸�

Mysterious Chinese Cargo Flights Disappear Near Iran Amid Weapon Transfer Rumors

Cookie Preferences

Cookie Preferences