Digital Assets
3K posts
@techexe Exactly
Bitcoin just had a 2-block reorg. Foundry wound up mining 7 blocks in a row and rewrote two of AntPool/ViaBTC's blocks out of history. At blocks 941881–941882, Foundry and AntPool/ViaBTC were racing on competing chains simultaneously. Foundry won and their chain became the best chain. AntPool and ViaBTC's two blocks became stale. They are now orphaned, never to be part of the permanent ledger. You can verify it yourself on fork.observer Quick explainer on what a reorg actually is: Bitcoin's rule is simple: the chain with the most cumulative work wins. Sometimes two miners find a valid block at nearly the same time. The network splits briefly, with some nodes following one chain and others following another. The tie gets broken when someone mines the next block on top of one of them and the longer chain wins. The losing blocks become "stale" and are discarded entirely. Those miners get nothing. A 2-block reorg means this race extended across two consecutive blocks before resolving. This is rare but not unheard of. H/t @0xB10C
A former World Bank president has sounded the alarm, revealing that the Federal Reserve has lost over a trillion dollars—and counting—turning it into nothing more than a massive hedge fund for the rich and powerful. He claims the Fed is borrowing money from banks at 5.4% interest, then pouring it into government bonds, creating the illusion that the government’s financial situation is better than it actually is. He warns that this scheme isn’t just limited to the U.S.—it’s happening across central banks worldwide.
Very soon there are going to be more AI agents than humans making transactions. They can’t open a bank account, but they can own a crypto wallet. Think about it.
JP Morgan Perp Pref: $JPM-PD - 5.8% effective yield - $2 Million in volume - Non-cumulative dividends Strategy Perp Pref: $STRC - 11.5% effective yield - $213.5 Million in volume - Cumulative dividends $STRC trading 106x $JPM-PD volume Digital Credit going to eat the world
Actor Terrence Howard says he doesn’t like Bitcoin because he believes it’s “still based on fiat” and could be “wiped out with a button somewhere.” Terrence, can you tell us who supposedly owns this button?
