Bitaroo - Australia's Premier Bitcoin House

5 years ago today, Taproot activated at block 709,632

Schnorr signatures, better privacy, cleaner multisig

Bitcoin upgrades rarely and carefully, which is exactly why the world can build on it ❤️

👉 Why we chose security over privacy 👈

Our homepage makes three promises:
Bitcoin only, privacy focused, security minded.

The Bitcoin-only bit is non-negotiable. Always has been.

But over the past few weeks, the other two pulled in different directions.

AI-powered attackers opened more than 70,000 fake accounts in four days, tried stolen passwords one account at a time, attempted to guess pins, and flooded our node with seed scanners.

This is a serious threat. Worldwide platforms are getting hacked on a daily basis.

If we do not adapt, resistance is futile.

So we had to make a tough choice.

We chose security.

Link below.

4 years ago today, FTX collapsed with about $8 billion in user funds missing 😬

Bitcoin did not fail; a custodian did 😤

Keys beat promises, and withdrawals exist to be used 😍

👉 TLDR: Not your keys, not your coins 👈

-------- Bitaroo says NO to DCRR --------

On 15 October, the Treasury released draft legislation that would require us to notify the ATO of every Bitcoin trade and withdrawal you ever make.

Every user.

Every transaction.

Every three months.

Written into law.

This is extreme.

They gave the public only 13 days to comment.

Today, we did.