Diego 'Aequalitatem Honoris' Gutierrez-Zaldivar

The Bitcoin Historian Verified account @pete_rizzo_ · Aug 17

JUST IN: BILLIONAIRE MICHAEL SAYLOR JUST SAID #BITCOIN WILL NOT BE A "MEDIUM OF EXCHANGE"

"BTC IS CAPITAL, NOT MONEY. A BTC BACKED STABLECOIN COULD BE."

"WE NEED TO CREATE A BTC BACKED STABLECOIN THAT PAYS YIELD"

"DIGITAL CURRENCIES ARE THE WINNER OF MEDIUM OF EXCHANGE"

"THERE ARE FUNDAMENTALIST BTC OGs THAT WISH THAT WASN'T THE CASE"

"99.9% OF THE WORLD'S PRICES ARE IN USD" 👀

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Boltz - Non-Custodial Bitcoin Bridge Verified account @Boltzhq · Aug 12

UPDATE ON THE FUTURE OF BOLTZ 📢

Over the past couple of months, AI-assisted attackers have been targeting Boltz with increasing frequency, intensity and sophistication. Several of these attacks succeeded, but because Boltz is non-custodial, user funds were never at risk. The entirety of the risk was ours, and as a result of the losses incurred, on August 3rd we made the difficult decision to suspend the service to prevent further damage.

While working on a plan to bring Boltz back over the past days, we had to accept one painful insight: as a bootstrapped five-person startup, we simply don't have the resources to withstand the current level of attacks in the long run.

Today, we are happy to announce that a group of veteran Bitcoiners came forward to help, bringing the capital and engineering power the project needs. They have agreed to take over Boltz and continue the service. Work to find and fix the vulnerabilities is already under way, with the goal of bringing swaps back as soon as possible.

As we want to give them the freedom to introduce themselves in their own time, we are not attaching any names today.

All original founders of Boltz have stepped down from the company, effective immediately. None of us will have any formal or authoritative role with the Boltz project going forward, and any future open-source participation by us is strictly on a voluntary basis.

We are grateful for the community's support all these years, for the patience and understanding of our integrators affected by the disruption of our service, and to everyone who reached out offering support over the past week.

It was a hell of a ride, and we are proud of our contributions to the Bitcoin ecosystem.

Godspeed to the new Boltz team as they navigate these perilous times. We know Boltz is in good hands.

- Kilian, Michael & Karl

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Joey Garcia Verified account @Joeyg_poh · Aug 3

Sovereignty includes the freedom to choose your fortress

That's the thought I keep coming back to after this weekend. A five-year-old ColdCard bug, keys regenerated offline, over 1,750 BTC swept — the first wave in 41 minutes. No phishing, no lost devices, no mistakes by the victims. And no one to claim against, no way back.

I've defended the right to self-custody for years and always will. But being your own bank means being your own insurer. A slogan is not a security model.

It's why Xapo Bank has taken a different path since 2013: security as architecture, not a device. No single key, no seed phrase, no single point of failure.

Coldcard Hack: What It Means for Bitcoin Self-Custody

Full thoughts below:
xapobank.com/en/blog/self-c…

@dieguito, @josh_blockchain, Anju Patwardhan, @Caro_Malcolm, Jannah Patchay, Ian Horne, @ccatalini, Ian Taylor, Lisa Cameron, Anthony Scaramucci, Ari Redbord, Grant McCarty, @BitcoinConner, @rkbaggs, Dax Hansen

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