bitcoinlighthouse

@bitcoinlighthouse's bio

A lighthouse does not stand at the center. It stands at the edge—where safe waters end and the open sea begins. It does not tell you where to go; it shows you where the rocks are. You determine the course yourself.
Bitcoin - OpenSource - Workshops since 2021.

bitcoin

Maximalists have been saying for years that L-BTC is not bitcoin. It is a claim against 15 companies running one shared codebase. Mostly it got treated as noise.

I wrote that too, in July. A week later I deleted it. Off my site, off Nostr, everywhere. Nobody had complained. I just didn't want to put something out there that read like an attack on people who are serious about their work.

On September 6th around 4,000 BTC left the Liquid peg through a range proof cache bug in Elements. 598.5 are still sitting with the attackers.

Nobody predicted that specific bug, me least of all. That was never the point. The point was the boring part the toxic maxis had right the whole time.

The post is back up, unedited, with its original July 22 date:
[https://bitcoinlighthouse.de/blog/warum-ich-mich-in-liquid-getaeuscht-habe](https://bitcoinlighthouse.de/blog/warum-ich-mich-in-liquid-getaeuscht-habe)

The signed delete event from August is still on the relays if you want to check the timeline yourself:
[https://njump.me/note1rx9xhrkhc87u08ey3fhemms7kqxxhtdwxyh4hrc3nzn7l3w8rlas2tsqdg](https://njump.me/note1rx9xhrkhc87u08ey3fhemms7kqxxhtdwxyh4hrc3nzn7l3w8rlas2tsqdg)

There can never be too many toxic bitcoin maximalists. Stay toxic, stay humble, stack sats.

Full report on the hack, for my German audience:
[https://bitcoinlighthouse.de/blog/liquid-network-hack-4000-btc-peg-abgeflossen](https://bitcoinlighthouse.de/blog/liquid-network-hack-4000-btc-peg-abgeflossen)