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@ Cryptape
2025-05-30 01:52:38Crypto Insights
No Blind Trust : A New Proposal for Manually Creating Mnemonics
Eric Kvam proposed an improved method for generating and recovering seed phrase mnemonics. The goal is to allow users to create seed phrases manually and securely, eliminating reliance on a black box. It also allows for encoding derivation path in the mnemonics to simplify recovery.
Facing Spam: Are P2P Networks Fundamentally at a Disadvantage?
The author argues that P2P permissionless networks like Bitcoin and Nostr face a structural disadvantage in dealing with spam. In broadcast-style networks, spammers are often more motivated than regular users making P2P value transfers. Simply increasing the cost per action is not enough to deter spam, as the value gained by spammers far exceeds that of regular users. In contrast, mainstream internet spam control relies on identifying users and punishing bad behavior, but this goes against Bitcoin’s principles of decentralization and privacy. The author worries that without an effective solution, genuine users may eventually be pushed out while spammers persist.
Bitcointap: Real-Time Data Extraction from Bitcoin Core Tracepoints
Jb55 released Bitcointap — a Rust library and CLI tool that leverages Bitcoin Core’s EBPF-USDT tracepoints to extract data in real time, inspired by @0xB10C’s peer_observer project.
- Bitcointap GitHub Repo, and Demo Video
Tradeoffs Between Performance and Privacy in the Lightning Network
The Lightning developer community recently discussed the privacy impact of surfacing granular HTLC hold times via attributable failures. Carla followed up with further reflections, exploring how forwarding delays impact payment privacy. She also pointed out that no privacy-preserving forwarding delay mechanism is currently deployed in the Lightning Network.
Parasite Pool: A New Open Source Pool for Pleb Bitcoin Mining
Ordinal Maxi Biz founder ZK Shark has launched Parasite Pool, an open-source Bitcoin mining pool aimed at pleb miners who want to contribute to Bitcoin decentralization. It supports Lightning Network payouts, has a low entry threshold of just 10 sats, and allows individuals to earn directly and instantly. Its “Plebs Eat First” reward structure gives 1 BTC to the block finder, while the remaining 2.125 BTC and transaction fees are distributed via Lightning to pooled workers, making it especially attractive to plebs. Parasite Pool’s current hashrate is only 5 PH/s, representing just 0.000006% of the Bitcoin network—projected to take over 3 years to mine a block at current rates.
BitVMX Unveils 2025 Roadmap
BitVMX released its roadmap for 2025, outlining five core tracks: Research, Implementation, Security, Platform Integration, and Education & Outreach.
Top Reads on Blockchain and Beyond
The Cathedral and the Bazaar in the Age of AI Agents: Crypto’s Role in Low-Trust Environments
Borrowing the metaphor of "The Cathedral and the Bazaar," the author suggests that the network architecture of the AI agent era resembles a Linux-style open bazaar. In this model, countless untrusted agents with development capabilities provide services to one another through inter-agent calls, forming a loosely coordinated network. This low-trust environment is where cryptographic technologies shine—enabling value exchange without requiring trust. As such, crypto becomes a foundational component of this new AI-powered bazaar.
A Look Back at the 2015 Bitcoin Spam Attacks: Consensus Shifts and Today’s OP_Return Debate
BitMex’s article recounts four waves of spam attacks on Bitcoin in the summer of 2015, launched by a London-based company CoinWallet.EU. These spam floods severely degraded the user experience for Bitcoin payments, especially during the third wave from July 7 to July 11, 2015. The attacks sparked debate around miner filtering of spam transactions and block size limits. BitMex argues these events played a critical role in shaping views on spam mitigation and echo today’s debates over the OP_Return relay limit.
5-Step Survival Guide for Personal Data Breaches
a16z’s guide outlines immediate and long-term responses after a personal data breach:
1. Act Immediately
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Freeze your credit to prevent identity theft.
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Strengthen multi-factor authentication (MFA): Prefer app-based or hardware key methods over SMS. Enable SIM protection with your telecom provider.
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Replace compromised IDs: Contact relevant authorities.
2. Strengthen Online Account Security
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For Apple and Google accounts, enable advanced protections (e.g., Google Advanced Protection, Passkeys, YubiKey).
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Use a password manager; consider offline tools like KeePass, or services like Bitwarden and 1Password.
3. Secure Your Phone
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iPhone users: Set a strong alphanumeric password, enable Find My iPhone, activate Stolen Device Protection, and require Face ID for sensitive apps.
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Android users: Use a strong password or biometrics, enable Find My Device, activate theft detection lock and identity checks.
4. Defend Against Social Engineering
- Watch for phishing scams, suspicious login notifications, or fake calls/texts pretending to be from financial institutions.
5. Monitor Your Social Media Accounts
- Regularly check account access. If locked out, contact support immediately.