physical-bitcoin-attacks
l2beat
physical-bitcoin-attacks | l2beat | |
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121 | 628 | |
528 | 460 | |
- | 3.0% | |
6.1 | 9.9 | |
22 days ago | 3 days ago | |
TypeScript | ||
The Unlicense | MIT License |
Stars - the number of stars that a project has on GitHub. Growth - month over month growth in stars.
Activity is a relative number indicating how actively a project is being developed. Recent commits have higher weight than older ones.
For example, an activity of 9.0 indicates that a project is amongst the top 10% of the most actively developed projects that we are tracking.
physical-bitcoin-attacks
- The privacy that coins like Monero give far outweighs all the illegal uses of it, everyone has a right to privacy that shouldn't be taken away
- One of the advantages of blockchain is that we can roughly calculate how much money went into scams involving cryptocurrencies, because everything is on the public blockchain. Can the same be said for taxe evasion, bribery, corruption, drug trafficking, and other stuff that don't involve crypto?
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Kaspersky: Case study: fake hardware cryptowallet (Trezor)
Obligatory $5 wrench xkcd: https://xkcd.com/538/
Still, physically threatening/kidnapping somebody is an entirely different threat model, although it's very common in the Bitcoin world: https://github.com/jlopp/physical-bitcoin-attacks
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Has there ever been a recorded case of someone being physically robbed of crypto?
This isn't only a comedy topic, there is a list on Github with all known physical Bitcoin attacks.
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Dubai Crypto Manager Abducted for €1M Ransom Has Been Rescued in Spain
This one can be added to the list of known crypto attacks. It will be #188.
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How will Bitcoin coercion evolve in the near-to-mid future?
We don't have the answer, but can share the concern. jlopp/physical-bitcoin-attacks holds a list of such "$5 wrench attacks" where people torture others in hopes of stealing their crypto.
- Hide Ledger
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$5 Wrench Attacks: Why Crypto Will Not Widespread
There have only 130 wrench attacks reported in the history of Bitcoin.
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LPT: If you have a hardware wallet and also own a gun, keep them in the same place
You act like this doesn't already happen to people: https://github.com/jlopp/physical-bitcoin-attacks
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Friendly reminder: never keep your seed together with your device, it makes it useless
Prob talked about it unfortunately. She knew enough to go looking for the hardware wallet + seed. Everything else she took was just extras. Physical altercations almost always involve prior knowledge of the victim's possessions..
l2beat
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Spot Bitcoin ETF receives official approval from the SEC
A real layer 2 would look more like something built on Ethereum (can see all its L2s at https://l2beat.com).
Essentially it's a separate network that every few minutes takes every transaction and compresses it into a data blob that it saves on Ethereum along with a proof that the computation was done correctly. The Ethereum L1 nodes then only need to verify the proof instead of re-executing all transactions that happened on the L2.
With this design users can go straight from an exchange like Coinbase onto the L2 and never need to use Ethereum, and fees are 10x cheaper because of the data compression. Fees will soon be 100x cheaper as Ethereum is adding extra space just for these L2 data blobs that is much cheaper than normal Ethereum data space.
Unfortunately it can't be done on Bitcoin right now because Bitcoin nodes don't have Turing complete scripting and so can't verify the proof that an L2 posts to Bitcoin.
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Ask HN: Who is hiring? (December 2023)
We are running & maintaining the site (https://l2beat.com). Our work is to look on the current Layer 2 deployments on Ethereum & show risks and statistics to the end user. Very interesting thing is that we are a public goods company trying to stay as objective as possible in the industry full of subjectivity. What I mostly like in this job is that I am a part of the project shaping how it looks, not only mindlessly taking someones orders.
Candidate:
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Should Ethereum be okay with enshrining more things in the protocol?
Ecosystem fragmentation is not necessarily a bad thing. It leads to rapid development through competition. Different L2s are competing against each other to provide the best service and that has lead to a cambrian explosion of solutions. It's also a very effective way to explore the solution space, I'm sure many will disappear, others will get eaten, and at some point there will be consolidation. But all this seems like a good approach early on when tackling complex problems for which the ideal trade-offs are not entirely obvious. Explore as much of the solution space as possible and trim later on.
A perhaps more pernicious problem is liquidity fragmentation. Moving assets between L2s is a tedious friction that leads to fragmentation of liquidity. In that respect, zero-knowledge rollups present a big advantage as you can share liquidity between them as long as they share some zk-circuits that allow to prove statements to both chains. All this is being very actively worked on. And the technology behind it is short of fascinating. The typical HN audience would have a huge hard-on for it, if they didn't have such a strong preconception against crypto-anything.
If anyone is curious to learn more about L2s a good starting point is here: https://l2beat.com/
And if you want to see Ethereum scaling progress you can check it here: https://l2beat.com/scaling/activity
The next major upgrade to the protocol, slated for late this year or early 2024 (date is not finalized yet), will focus on scalability by making L2 activity veeery cheap.
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"Exploring Layer 2 Solutions: Seeking insights into the current landscape and optimal choices for developers and entrepreneurs."
These two links will give you a lot of the info you need to compare L2s: https://l2beat.com/ and https://www.growthepie.xyz/ - enjoy.
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Ethereum rollups have hit the milestone of $10bn of assets and 2 million weekly active users! Scaling and adoption is finally here.
Source: https://l2beat.com
- Polygon (MATIC) Shakes Up Leadership: Potential Game Changer Incoming
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Daily General Discussion - June 7, 2023
Thanks! l2beat.com is the best.
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Are Layer 2s as secure as Layer 1?
In addition to what others said, I always find https://l2beat.com useful to see a summary of the security assumptions behind the various L2s. Currently, all L2 need to be trusted to some extent as they are still quite in development.
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Ethereum liquid staking protocol Rocket Pool deploys on zkSync Era
Exponential.fi has good summaries and links to the projects. And https://l2beat.com is also great for judging L2s.
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Next big Eth upgrade
Take a careful look at https://l2beat.com
What are some alternatives?
P2P-Trading-Exchanges - Person-to-Person bitcoin Trading Exchanges
l2-fees
kycnot - Don't get KYC'ed
awesome-starknet - A curated list of awesome StarkNet resources, libraries, tools and more
Bitcoin.org - Bitcoin.org Website
crypto-fees - Website for comparing total daily fees of various blockchain protocols.
bip39 - A web tool for converting BIP39 mnemonic codes
opensea-js - TypeScript SDK for the OpenSea marketplace
haveno - Decentralized P2P exchange built on Monero and Tor
polygon-edge - A Framework for Building Ethereum-compatible Blockchain Networks
bisq - A decentralized bitcoin exchange network
consensus-specs - Ethereum Proof-of-Stake Consensus Specifications