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New
The latest blog posts to take off on Hacker News. 123 posts.
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Satoshi leaked his Los Angeles IP address (2016)
Chapter 6 – California In the Jan of 2009 when Hal and Satoshi were working on Bitcoin Alpha version, Hal encountered an error with the software and he posted the debug log to the mailing lis…
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Why Web3?
Over the last month, there has been a ton of debate and conversation about web2 vs web3 with many leading voices raising doubts about web3. Debate and doubt are healthy. And web3 enthusiasts, particularly on Twitter, remind me of missionaries trying to recruit the unwashed to their belief system. Frankly, it is all…
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“Play-to-Earn” and Bullshit Jobs
In Bullshit Jobs: A Theory , David Graeber makes the case that a sizable chunk of the labour economy is essentially people performing useless work, as a sort of subconscious self-preservation instinct of the economic status quo. The book cites ample anecdotal evidence that people perceive their own jobs as completely…
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An NFT without a blockchain
This is a small proof-of-concept. It relies on PGP - but you could use Keybase, GPG, or any other hard-to-use encryption program. Background Suppose you want to support an artist and give them money. That's easy. Most artists take PayPal, bank transfer, or cash. But how can you prove that you've paid an artist for a…
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The Web3 Fraud
By now effectively all ;login:’s readers have heard the term “web3” and “dapps” bandied about as if they are some great revolution. They are not. The technical underpinnings are so terrible that it is clear they exist only to hype the underlying cryptocurrencies. The actual utility of these “decentralized” systems is…
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Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
Crypto scams were once again the largest form of crypto crime, with over $7.7 billion worth of cryptocurrency taken from victims worldwide.
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Crypto wallet security as seen by security engineers
How to build secure crypto wallets, analysing issues found during crypto wallet security audits.
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Is Web3 anything?
The term “web3” seems pretty fluid and is being used as a label for a bunch of disparate ideas. Given that it’s a decentralized group describing a decentralized movement, that lack of focus isn’t exactly surprising. Almost by definition it’s going to end up being different things to different people.
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The biggest crypto lending company is a ponzi scheme
With over $20b in assets under management Celsius Network is the biggest centralised lending platform in the crypto space.
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Web3 Is Not Decentralization
It's just not. Here's a deep dive into why, exactly, I think that.
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Web3? I have my DAOts
The promise of a decentralized and trustless future is forever just that: a promise, and in the future.
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DAO votes to join Blender Development Fund as Patron member
Decentraland joins the Blender Development Fund for a period of two years, as Patron Member.
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Is Web3 Bullshit?
And is that even the right question?
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Web3 is not Decentralisation – it’s a Ploy to put Crypto Bros in Charge
People are right to be concerned about the centralisation of power on the Web — but we embrace blockchain at our peril
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Bank transfers as a payment method
Bank transfers have exploded as a payment method in India and may become more common in much of the world.
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Bitcoin's Energy Usage Isn't a Problem. Here's Why.
Updated for 2023, this report is a deep dive on Bitcoin's energy usage and long-term scaling approach, with data tables and case studies.
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Brave Wallet: a secure crypto wallet, built natively in a web3 browser
Brave Wallet is a secure crypto wallet, built right into the Brave privacy browser. No extension required.
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Why Zulip will not get on the blockchain bandwagon
This week, Discord teased plans to integrate a crypto asset wallet. After backlash from their user community, Discord clarified that the feature isn’t ready to ship “for now”. With many popular social and chat apps already on the blockchain bandwagon (including Facebook, Telegram, Signal, Twitter and …