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No Full-RBF As most of you guys probably know already, Bitcoin is under attack by a bunch of Core Devs and their supporters. I found out late about this attack, and I'm not sure If I might've been able to prevented it. The malicious code was already written and public. Each Attack is an opportunity for Bitcoin and bitcoiners to gain self awareness, this is a perfect example as self awareness is the only posible solution. We need better Bitcoin education. First I'll post my arguments against Full-RBF and then I'll propose a solution: Full-RBF was deliberately included on Core V24.0 without reaching consensus. It opens a door to centralization under Blockstream: Bitcoin is not Lightning. Lighting is a L2 solution for scalability of micropayments. Bitcoin L1 is the truly secure, high value layer. Full-RBF solves NO problem: RBF already existed, there was no reason for Full-RBF to be deployed. Full-RBF enables ANY transaction to be double spendable, any honest transaction could be replaced by a malicious higher fee one. This could result in censorship, seizure of funds by an state actor or theft. For understanding this last argument I´ll explain one of Bitcoins limitations which should be publicly known if we believe in self custody: Because of how Bitcoin's cryptography works, You'll not find substantial attack worthy unspent UTXO. This is because whales know that any pvt key gets easier to extract through brute force if you already use it to sign a transaction. Any system has its limitations and Bitcoin is not the exception. However Bitcoin has been doing great so far with its own. Any transaction awaiting in the mempool is vulnerable due to this same reason. This is why the first seen rule was included on Bitcoin's white paper. If a state agent is able to extract a PVT key from a transacción on the mempool in less than 10 minutes on 2022, or in X years from now is not an argument. Full-RBF is opening the back door towards censorship and seizure of Bitcoin's transactions. Now I'll share with you my suggested solution for this attack. It's a multi layer solution and strong community support is required. But bitcoiners are strong, and Bitcoin will came out stronger than ever: Social Layer: Any Bitcoiner that cares for Bitcoin to remain being Bitcoin, and to continue its path towards the wolrd's store of value, must share their disagreement with Core's breach of consensus. I suggest the hashtag #NoFullRBF on every Bitcoin related publication. A campaign for the quick removal of all links to the V24.0 and V24.0.1 Core versions from all sites. A strong educational campaign and continuing program on UTXOs, PVT and Public key's limitations and inner mechanics. Best practices for self custody, unexpended transactions vulnerabilities, etc. Core Dev Layer: Core must work in a Non Full-RBF V25 client to be released as soon as posible. Bitcoin Core must remove all links to their malicious Full-RBF code as soon as possible. Any Dev incapable of summarize, or being concise and clear on their argumentation for Full-RBF must be ignored. It´s a common attack tactic on social layers, to write long speeches with unintelligible language for others to feel dumb. Don't you fall for this tactic. Also personal attacks must be contained from these discussions. I'll take part if it is necessary. Full-RBF Nodes Monitor Team We need a new Dev team in charge of creating the tools for Bitcoin's community to be able to follow the number of nodes running Full-RBF in real time. A team Operational for the rest of Bitcoin's History. (Thanks Peter Todd) As the number of Full-RBF Attacker Nodes must never go over 10% of the total node count. Protocol Layer In case we are unable to contain attacker nodes under 10% we will need to adapt the Timechain. I propose a 5 minute block time with all the necessary adjustments for the monetary policy to remain unchanged. This has profound ramifications in terms of orphan Blocks because of networks latency, propagation and reaction times which needs to be studied further. This is a scenario I prefer to avoid. #NoFullRBF Do not download Bitcoin Core V24 If your are running V24 Uninstall immediately! Security must not be compromised in favor of UX, Scalability, or any other reason unrelated to Bitcoin's value itself.
Post is by: PVT_PAY and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/svdir1/what_would_you_change_on_current_coldwallets/ We are developing the first Cold-Wallet with more functionality than any other you know. So take part in our development process and tell us what you'd want your perfect Wallet to be able to do. Join us in [Our Indiegogo Discussion](https://www.indiegogo.com/community#/prelaunch/2729701) and visit our [Pre-Launch Page](https://www.indiegogo.com/projects/--255104/coming_soon/x/25465839) to enter our E-Mail list to stay updated! Be a pioneer and part of our first batch! We'd love to welcome and talk to you! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Don't you know the dangers of it ? You can lose your PVT key, or authenticator - what then ? But all in all, the whole crypto space is waiting for a solid DEX that will string all the chains onto one platform and KadDex is the project to make it happen, with its L1 kadena network support, limits are not existing !
What is VPT? You also use PVT, a typo? :p
I'm feeling good! We just hit the massive pivot on the 4hr VPT. It's a good sign. Well, it's a sign. Either we're at the end of a *huge killer PVT swing* or another *massive dump* is coming. But at this point - I don't think the bears have the assets left to continue to force the price down. They lost at $41k hard, so I think this has been an elongated run down of bear assets to accumulate around $48-49k. For reference, this is the first 4hr VPT flip since Dec 1st when we dropped below 0. Returning to 0 after what happened is impressive to say the least. And indicates very strongly that the market has settled well right here.
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A scammer with a profile photo of Valentina Napoi (pornostar) wrote me in PVT.. shall I answer?
It’s not a currency really it a crypto commodity. Short term volatility in that respect is offset by long term PVT growth and price growth wrt to fiat. But as the previous commenter pointed out, if you hold BTC, sell in BTC and pay in BTC the volatility is zero. Borrowing in fiat with BTC collateral is also viable for paying non-BTC debts. Currency is likely to be replaced by a faster cheaper ALT or central bank crypto short term leveraged as above. Fiat long term holdings are crazy due to inflation and money printing.