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Peter Todd Profile picture
@peterktodd
Aug 26, 2019 • 3 tweets • 1 min read • Read on X
Supervillain-level strategy: steal coins, then burn them, extracting value from your other coins for ultimate anonymity.

Plausibly deniable supervillain: promote things like bad wallet encryption standards to cause others to lose coins, skipping the pesky illegal theft part.
Meta plausibly deniable supervillain strategy: promote the plausibly deniable supervillain strategy so other supervillains do the work for you.

Metaⁿ plausibly deniable supervillain strategy: 🐢ⁿ
Gregory Maxwell suggested the plausibly deniable supervillain strategy to me; I'm not sure what level of meta supervillain he is.

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More from @peterktodd

Peter Todd Profile picture
Jul 25
At the Bitcoin Builders Conference, because @dickerson_des convinced me to "spy" on them.

It's interesting how utterly focused they are on so-called "L2"'s that are designed first and foremost to provide infrastructure to issue tokens with. Very scammy, ETH-like, feel.
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Sztorc on a "Responsibly Building in Bitcoin" panel is so ridiculous.

His Drivechains nonsense would make a top 25 list of threats to Bitcoin. Image
Hilariously Sztorc just did this long thing on how Bitcoin Core has a bunch of dependencies and any update to the crypto libraries could lead to a big exploit blah blah blah...

Except that Bitcoin Core figured this out years ago! The OpenSSL dependency was a massive risk due to how changes to OpenSSL could accidentally fork the network. So Core created libsecp256k1, specifically to avoid the problem of uncontrolled dependencies.
Read 29 tweets
Peter Todd Profile picture
Jan 1, 2023
FYI I've confirmed that this is real and not a Twitter hack via a mutual friend.

IIUC he used Gentoo as his desktop and didn't keep different activities separated. So backdoored software is one of many ways this could happen; he may not have been targeted.

Use @QubesOS people.
Also, everyone can get complacent. It happens, even to experts. It takes concentrated long-term effort to fight complacency and do the extra work to do security right.

As I keep having to tell clients, computer security is a mess and isolation is one of the few tools we have.
Solutions like @QubesOS are annoying to use. But necessary. Personally I use disposable VMs for all my web browsing, and I keep my Bitcoin wallets on separate VMs not used for anything else at minimum; some on dedicated machines.

Standard Linux distros just don't cut it.
Read 8 tweets
Peter Todd Profile picture
Nov 4, 2022
Why is full-rbf in the news?

Because devs are trying to remove this option from the upcoming Bitcoin Core v24.0 release. Even in testnet!

What's full-rbf? Accepting the tx with the highest fee into mempools and blocks. It's the obvious, profit-maximizing behavior.

Thread:
The mempoolfullrbf option defaults to off, so unless you choose to enable it, it does nothing.

The three businesses trying to fight this are scared that if users and miners can easily choose to enable it, they will.

So they want the option taken away from Bitcoin Core v24.0.
I think it's incredibly paternalistic and presumptuous for a handful of devs - on behalf of literally just three businesses - to take away an obvious, incentive compatible, option that's widely supported by wallets and the wider community.

Bitcoin is made secure by incentives.
Read 10 tweets
Peter Todd Profile picture
Feb 18, 2022
I need to talk about distributing BTC funds to truckers.

This is a complex topic, and aspects of it are quite counter-intuitive.

First, let's start with what a protest actually is, and what it accomplishes:
Protests DO NOT change the world directly. Protests are costly honest signals. Protests are symbolic.

The Ottawa protest is not blocking any essential services. All those soup kitchens, trash collection, and hot tubs the protesters are running achieve nothing directly.

But...
...all those protest actions are enormously symbolic: they prove that thousands of good hearted, ethical, people exist, who believe that Trudeau's mandates are wrong.

Notably, all those activities have been done _in the open_ without any real attempt at hiding identities.
Read 15 tweets
Peter Todd Profile picture
Feb 17, 2022
Withdraw your cash.

As banks try to reduce the use of cash as much as possible, they have less of it on hand.

While there aren't any real limits any more on how much digital money you can spend - your funds are backed by nothing - there are very real limits on physical cash.


The "designated person" definition they're using to cut off your access to your funds is _extremely_ broad.

You're realistically going to have problems spending your BTC at the supermarket right now. You can spend your physical cash.
Read 5 tweets
Peter Todd Profile picture
Dec 15, 2021
They didn't even have to stratify by sex or do younger age groups to find the vaccine was more harmful than the disease.

I personally have spoken to elderly people who know this, yet still want to force young people to get vaxxed. Even the prior infected.

Selfish psychopaths.
Read 5 tweets

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