Bitcoin education that doesn't suck. Learn Bitcoin: The Journey, Rabbit Holes, Glossary. Free. Ad-free. No Tracking. Open source. Bitcoin only. No bullshit.
Joined October 2023
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Checked it against daily closes. True, so far:
2011: -92.7%
2013-15: -84.5%
2017-18: -83.8%
2021-22: -76.7%
2025-26: -53.1%, still open
Odd detail: -53.1% is exactly how deep the summer 2021 dip went, and that one hit a new high three months later.
Every fall, the “it’s over” calls that came with it, and how long each climb back took: learnbitcoin.com/rabbit-hole…
Today, moving coins to a fresh address is the best quantum defense you have.
After a quantum computer shows up, moving them is the risk. Spending puts your public key in the mempool until the next block, and Google’s March paper put cracking one key at about 9 minutes.
How many coins already have their key showing, updated weekly: chainquery.com/reports/quant…
Why a panicked mass migration would be the worst response: learnbitcoin.com/rabbit-hole…
One row missing:
2008: no price. No coins, no blocks, no network. Just a nine-page PDF Satoshi emailed to a cryptography mailing list at 2:10pm Eastern, 18 years ago today.
The genesis block was still two months away.
Bitcoin turns 18 today. Satoshi sent out the whitepaper on Halloween, 2008.
Fitting, because it’s been buried at least 477 times since. Every tombstone in this video is a real obituary, dropped in the year it ran.
Watch where they pile up. Hint: not at the bottoms.
Who wrote them, which ones had a date on them, and how they scored: learnbitcoin.com/rabbit-hole…
The count stops in April 2024 because the list’s keeper, 99Bitcoins, stopped adding to it. The critics didn’t stop.
Per Binance: the laptop let the attacker into a service container that could submit withdrawals. No sign of a leaked private key so far, and it “was not a single one-click action.”
Issuers froze $2.7B of stablecoins. Nobody can freeze the 18,270 BTC the attacker still holds.
Binance says it will cover all $6.3B of yesterday’s hack from its own funds. Good for its customers.
Not every custodian could. Here are the ones that couldn’t.
Binance paused withdrawals after the hack. Coins on your own keys don’t have a pause button.
Each one, what went wrong, and what to actually do about it: learnbitcoin.com/rabbit-hole…
“Put a fork in it. It’s done.”
@PeterSchiff, March 2020. Bitcoin was $7,896.
He’s been writing bitcoin’s obituary for 13 years, so we put all 11 of his dated calls on one chart.
Bitcoin is still here. The awkward part: his last two calls are holding up.
Every quote, date and price with sources, plus Buffett, Dimon, Krugman and all 477 bitcoin obituaries: learnbitcoin.com/rabbit-hole…
Most devs I've met have found their love of bitcoin by trying break it.
Bitcoin Core is some of the most reviewed code in the world.
We were curious how our frontier AI model would handle it. Last month we ran 16 agents across 5 of the top models for a week to look for issues in Bitcoin Core v32.0rc1
Impressively, they surfaced two minor items - both now disclosed responsibly.
Agentic teams have been a huge unlock so far for our security efficiency. They're also remarkable to watch.
New rabbit hole: Quindecillions. Why nobody can stumble on your bitcoin.
After our vanity address posts, the same two questions kept coming: did the address already have coins in it, and how many wallets did the search find on the way? Here is the arithmetic, as a wall of drawers.
A credited recreation of James D'Angelo's 2014 Blackboard lesson.
learnbitcoin.com/rabbit-hole…
An AI math shortcut is Nic's gamma-ray burst: no odds, nothing to do. Fair. Quantum is a known algorithm waiting on hardware, and there hygiene matters. Shor needs a public key. A coin behind an unspent hash shows none until it moves. 7.1M BTC (35%) do.
chainquery.com/reports/quant…
“Bitcoin would be thrown into total disarray...”
@nic_carter shares his take on the possibility of AI breaking public key encryption vs quantum risk. This is his honest read.
Share your thoughts below.
The two attacks, what "exposed" means, and why a hash shields a coin until it moves: learnbitcoin.com/rabbit-hole…
Bitcoin Core 32.1, 31.2 and 30.4 are out this week, plus a final 29.5. 29.x is now end of life. In two weeks Core publishes details of 3 medium/high severity bugs that were fixed in 30.0. If your node is on 29 or older, upgrade before then. bitcoincore.org/en/download/