Wow. Bitcoin is almost $1,500

[DrMrLordX]

It's not really the most efficient way to generate heat, but . . .

 

[Train]

It's not really the most efficient way to generate heat, but . . .

Electric heat is electric heat. There is no way to make it more efficient. I know quite a few people who have no gas to thier house and use electric heat.

1 kilowatt into a GPU produces the exact amount of heat as 1 kilowatt into a space heater.

 

[DrMrLordX]

Electric heat is electric heat. There is no way to make it more efficient. I know quite a few people who have no gas to thier house and use electric heat.

1 kilowatt into a GPU produces the exact amount of heat as 1 kilowatt into a space heater.

Yeah it's just that resistive heating is inefficient no matter how you accomplish the goal. But hey if you get a few satoshis out of the deal then great!

 

[Kaido]

$19 Billion Crypto Liquidation: How Trump’s 100% China Tariff Threat Triggered the Biggest Crash Ever

$19 Billion Crypto Liquidation: How Trump’s 100% China Tariff Threat Triggered the Biggest Crash Ever

A record $19 billion in crypto positions were wiped out after Trump’s 100% China tariff threat. Learn what triggered the historical crash.

www.ccn.com

 

[DrMrLordX]

@Kaido

That one guy who scored over $190 million in shorts 30 minutes before the crash is lookin a little suspicious.

 

[AdamK47]

A lot of suspicious.

 

[Kaido]

A lot of suspicious.

Non-political discussion, just the facts:

Donald Trump's net worth has almost doubled in a year. Is it legal?

Trump’s ballooning fortune highlights the weak legal guardrails against presidential profiteering, fueling calls for reform once his administration ends

qz.com

Trump Media Announces its Purchases for Bitcoin Treasury Reach $2 Billion:

Trump Media Announces its Purchases for Bitcoin Treasury Reach $2 Billion

Company’s Bitcoin Treasury Strategy Enabled by $3 billion in Liquid Assets SARASOTA, Fla., July 21, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology...

www.globenewswire.com

Running for a second term may be President Donald Trump’s best business decision yet.

Forbes estimates Trump's net worth is around $7.3 billion — a $3 billion increase from the previous year — while The New Yorker calculates that the Trump family has taken in $3.4 billion since his first term.

$TRUMP: just three days before his inauguration, Trump launched the meme coin and soon offered its top holders a private dinner with him. He is estimated to have already pocketed $385 million from the token

 

[Kaido]

@Kaido

That one guy who scored over $190 million in shorts 30 minutes before the crash is lookin a little suspicious.

Crypto anger as speculators claim insider trading in Trump crash

Timing of investor’s short position raises questions over whether they had inside information

www.telegraph.co.uk

There is growing anger among crypto investors after reports claimed that an anonymous investor made up to $200m (£150m) by betting that the world’s two biggest digital currencies would fall.

It has been alleged that the trader lodged their so-called short position in Bitcoin and Ether around 30 minutes before the US president announced plans to levy fresh tariffs on China

 

[DrMrLordX]

Also the account that made the trade was like 1 day old when it put in the short.

 

[VirtualLarry]

Pelosi? LoL.

 

[dank69]

Pelosi? LoL.

50/50 shot this comment is not sarcasm.

 

[zinfamous]

Also the account that made the trade was like 1 day old when it put in the short.

New envoy to Qatar named Kared Jushner.

 

[lxskllr]

I wonder how hard it would be for a civilian to analyze the blockchain and figure out where the money went?

 

[DrMrLordX]

I wonder how hard it would be for a civilian to analyze the blockchain and figure out where the money went?

Exchange activity can take place entirely off the blockchain. Depending on the exchange and the KYC rules, there may only be private records of who put in the short, if any. Now if it was an all-cash transaction (e.g. the account put in the short on the exchange and cashed out in USD/EUR/whatever, and used ACH to transfer to their bank, or left the money on the exchange for the time being) then bank records could probably tell you to whom the account is registered, since the exchange has to have at least a little info on you to interact with your bank. Only law enforcement would be able to obtain that information. If the shorter took payout in a stablecoin and moved the stablecoins off-exchange then you can easily track that transaction since it's probably USDT and ERC20 transactions are pretty easy to track, at least to a specific address on the Ethereum blockchain. But there are a lot of movements of tokens to and from exchange accounts, and if the account owner is smart, they'll structure withdrawals carefully to avoid associating the movement of stablecoins with the short.

 

[Kaido]

EtherHiding:

Nation-state hackers deliver malware from “bulletproof” blockchains

Malicious payloads stored on Ethereum and BNB blockchains are immune to takedowns.

arstechnica.com

The method, known as EtherHiding, embeds the malware in smart contracts, which are essentially apps that reside on blockchains for Ethereum and other cryptocurrencies. Two or more parties then enter into an agreement spelled out in the contract. When certain conditions are met, the apps enforce the contract terms in a way that, at least theoretically, is immutable and independent of any central authority.