Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 3/7 - The timing gave @PeterSchiff ammunition. Bitcoin fell from $20,000 in late 2017 to $6,500 by July 2018, a 65% drop in six months.
Schiff had been calling Bitcoin a bubble since 2013. The bear market was his argument made flesh. @erikvoorhees walked in as the underdog.
R to @daily_btc_lore: 3/7 - The timing gave @PeterSchiff ammunition. Bitcoin fell from $20,000 in late 2017 to $6,500 by July 2018, a 65% drop in six months.
Schiff had been calling Bitcoin a bubble since 2013. The bear market was his argument made flesh. @erikvoorhees walked in as the underdog.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 4/7 - Schiff's case: money must be a reliable store of value. Bitcoin's swings make it useless to price goods or contracts. People hoard it to sell higher. "Fool's gold," he called it: speculation dressed as philosophy.
Governments can ban Bitcoin far more easily than gold.
R to @daily_btc_lore: 4/7 - Schiff's case: money must be a reliable store of value. Bitcoin's swings make it useless to price goods or contracts. People hoard it to sell higher. "Fool's gold," he called it: speculation dressed as philosophy.
Governments can ban Bitcoin far more easily than gold.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 5/7 - One line landed:
"I remember when it was a big deal when Bitcoin moved 50%. Today it's a big deal when it moves 10%. In a few years it'll be a big deal when it moves 2-3%."
Volatility self-corrects. Then: censorship resistance, borderless transfers, fixed supply.
R to @daily_btc_lore: 5/7 - One line landed:
"I remember when it was a big deal when Bitcoin moved 50%. Today it's a big deal when it moves 10%. In a few years it'll be a big deal when it moves 2-3%."
Volatility self-corrects. Then: censorship resistance, borderless transfers, fixed supply.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 6/7 - Post-debate tally: 55% yes, 31% no.
Voorhees shifted 15 points in a room already leaning pro-Bitcoin, in the middle of a brutal bear market, against a man who had spent years predicting this exact crash.
The Soho Forum declared him the winner: https://www.youtube.com/watch?v=q8R71WGO3qU
R to @daily_btc_lore: 6/7 - Post-debate tally: 55% yes, 31% no.
Voorhees shifted 15 points in a room already leaning pro-Bitcoin, in the middle of a brutal bear market, against a man who had spent years predicting this exact crash.
The Soho Forum declared him the winner: https://www.youtube.com/watch?v=q8R71WGO3qU
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 2/7 - Mt. Gox collapsed in February 2014, taking 850,000 BTC with it. Customers got nothing. Every Bitcoin holder was asking the same question: where do I keep this that won't disappear?
Coinbase's answer:
https://www.coinbase.com/blog/the-coinbase-vault
R to @daily_btc_lore: 2/7 - Mt. Gox collapsed in February 2014, taking 850,000 BTC with it. Customers got nothing. Every Bitcoin holder was asking the same question: where do I keep this that won't disappear?
Coinbase's answer:
https://www.coinbase.com/blog/the-coinbase-vault
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 3/7 - Vault's security: 97% of Coinbase's Bitcoin offline in geographically distributed vaults and safe deposit boxes. Withdrawals triggered a 48-hour hold while Coinbase reached out to confirm the request was yours.
If your account was hacked, you had 48 hours to cancel.
R to @daily_btc_lore: 3/7 - Vault's security: 97% of Coinbase's Bitcoin offline in geographically distributed vaults and safe deposit boxes. Withdrawals triggered a 48-hour hold while Coinbase reached out to confirm the request was yours.
If your account was hacked, you had 48 hours to cancel.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 4/7 - @BrianArmstrong framed it in banking terms: moving toward "professional financial services that high net-worth individuals would expect."
The analogy was explicit: wallet = checking, Vault = savings. Bitcoin was being domesticated into familiar financial categories.
R to @daily_btc_lore: 4/7 - @BrianArmstrong framed it in banking terms: moving toward "professional financial services that high net-worth individuals would expect."
The analogy was explicit: wallet = checking, Vault = savings. Bitcoin was being domesticated into familiar financial categories.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 5/7 - The community noticed the catch. Vault was fully custodial: Coinbase held the keys. "Not your keys, not your coins" was becoming a mantra in the wake of Mt. Gox, and BitGo had already been offering actual multisig for a year. Coinbase was behind, and users knew it.
R to @daily_btc_lore: 5/7 - The community noticed the catch. Vault was fully custodial: Coinbase held the keys. "Not your keys, not your coins" was becoming a mantra in the wake of Mt. Gox, and BitGo had already been offering actual multisig for a year. Coinbase was behind, and users knew it.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 6/7 - Coinbase fixed it four months later. On October 29, 2014, they launched a multisig Vault in a 2-of-3 setup: user holds one key, Coinbase holds another, a third for recovery. For the first time, Coinbase users actually held their own key.
R to @daily_btc_lore: 6/7 - Coinbase fixed it four months later. On October 29, 2014, they launched a multisig Vault in a 2-of-3 setup: user holds one key, Coinbase holds another, a third for recovery. For the first time, Coinbase users actually held their own key.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 7/7 - That multisig architecture became the foundation for Coinbase Custody, launched in 2017 to serve institutions. By 2021, the institutional product line was central to the story when Coinbase listed on NASDAQ at a $65 billion valuation.
R to @daily_btc_lore: 7/7 - That multisig architecture became the foundation for Coinbase Custody, launched in 2017 to serve institutions. By 2021, the institutional product line was central to the story when Coinbase listed on NASDAQ at a $65 billion valuation.
PaulsCode - Latest posts:
$275 DIY Start9 Server Running Bitcoin Knots
$275 DIY Start9 Server Running Bitcoin Knots
PaulsCode
$275 DIY Start9 Server Running Bitcoin Knots
I published another Bitcoin-related tutorial. In this video, I provide a simple guide to running the Start9 operating system on a cheap Mini PC as a dedicated, self-hosted server for running Bitcoin Knots and other services. The information presented is…
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Authentication Bypass in the default configuration phpBB
Authentication Bypass in the default configuration phpBB
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Authentication Bypass in the default configuration phpBB
Our AI pentest agents found a critical phpBB auth bypass (CVE-2026-48611): one unauthenticated request logs you into any account. See the exploit and the fix.