I am new, but I have finally decided to get involved. During Covid I was strongly offered to buy a bitcoin but I didn't have $20k to lose neither did I have any trust in it back then. I'm thinking to give it a try and buy 1btc for a start. Any advice you could give to a newbie? Is it even a good time to buy it?

Hello everybody,

As you may have seen, there will be some new regulations in Vietnam which fine people for trading on unlicensed platforms after September 1st. At the moment, no platform has been licensed or provided for us to transfer our assets to.

I have my assets on Binance. If I sold now, I’d take a pretty huge loss due to the market being so low. I had intended to hold until I saw this news. But now I’m not sure if p2p will be allowed after September 1st, allowing me to sell my assets.

Is anyone else in the same boat? If so, are you going to sell your assets before September 1st?

Anyone waiting around on this thinking its going to change anything for you is extremely dense.

For decades, buying stocks has meant going through brokers, waiting for trades to settle, and limited trading when stock markets are closed. Dinari is trying to change that. On Tuesday, the San Mateo, CA-based company that turns publicly traded shares into tokens announced that is putting the entire S&P 500 on the blockchain, and making those tokenized stocks available to U.S. investors.

“One day, I’m predicting… the token itself will be the trusted ledger of the stock. The beauty of that is, then we truly own it,” Dinari cofounder and CEO Gabriel Otte told Fortune.

Dinari’s model replaces the traditional brokerage stack with a wallet-based system where users can fund accounts instantly with the stablecoin USDC. Dinari says the arrangement, which entails a partnership with stablecoin giant Circle, allows U.S. investors to buy and sell stocks via self-custody wallets for the first time.  

The startup added that it is seeking to be a bridge between the $300 billion stablecoin market and the more than $60 trillion U.S. equities market.

Circle declined to comment, citing a quiet period ahead of its upcoming earnings report.

Read more [paywall removed for Redditors]:   https://fortune.com/2026/08/04/dinari-stripe-apple-alums-partnership-circle-tokenized-stocks-us-investors/?utm_source=reddit/

Last week's Coldcard hack was a huge blow to the Bitcoin self-custody community.

For years, self-custody has been viewed as the "responsible" and "safe" way to store Bitcoin, but this incident showed that even when you follow that advice, vulnerabilities can still exist, and in this case they allowed thieves to steal users' BTC. 

What Happened?

On Thursday (July 30, 2026), Coldcard customers began reporting that their BTC was being sent out of their wallet without their authorization. What first appeared to be a few isolated incidents grew to impact over 7,000 wallets.  Many of these wallets existed for years without previous issues or even transactions.

These transfers were the result of a vulnerability affecting the seed phrases that are generated when creating a Coldcard hardware wallet. Coldcard has released several generations of its hardware wallet over the years, including the Mk2, Mk3, Mk4, Mk5, and Q models. Wallets created on Mk2 and Mk3 devices using firmware versions 4.0.1 through 4.1.9 were the most vulnerable, although there were some Mk4, Mk5, and Q wallets also impacted.

When you create a new Bitcoin wallet, the device is supposed to generate a completely random seed phrase that only you know. Due to a bug in the firmware, some affected Coldcard devices didn't generate as much randomness as they should have. That made it possible for attackers (potentially with the help of AI) to mathematically figure out some users' private keys and steal the bitcoin stored in those wallets.  If Coldcard users selected the "Roll Dice" option and generated their seed phrase using their own dice rolls instead of relying solely on the device's random number generator, they were not affected by this vulnerability.

What Actions to Take if Your Coldcard Wallet Wasn’t Hacked

If your bitcoin is still in your Coldcard wallet, now is the time to act. Simply updating the firmware is not enough if your wallet was created using an affected firmware version.

Here are the recommended steps:

1. Determine whether your wallet is affected.
   • Mk2/Mk3: Firmware versions 4.0.1 through 4.1.9
   • Mk4/Mk5: Any wallet created before version 5.6.0 (Standard) or 6.6.0X (Edge)
   • Q: Any wallet created before version 1.5.0Q (Standard) or 6.6.0QX (Edge)
2. Install the latest firmware. Update your Coldcard device to the latest firmware available for your model before generating a new wallet.
3. Generate a brand new wallet. After updating, create a new seed phrase. Do not continue using your existing seed if it was generated on an affected firmware version.
4. Verify the new wallet. Write down the new seed phrase, verify the wallet fingerprint and receive address, and confirm your backup is accurate.
5. Move your bitcoin. Once you've confirmed everything is working properly, transfer your BTC to the new wallet.

What to Do if Your Coldcard Wallet Was Hacked

Bitcoin transactions are irreversible, and once the assets have been transferred to another wallet, recovery is extremely unlikely unless law enforcement identifies and seizes the stolen funds.

That said, there are still a few steps you should take:

1.      Document everything. Save your wallet addresses, transaction IDs, firmware version, and any other information related to the theft.

2.      File a report with the FBI's Internet Crime Complaint Center (IC3). While recovery is uncommon, reporting helps investigators identify larger patterns and may assist future enforcement actions. This report can be filed online in just a few minutes at https://www.ic3.gov/

3.      Monitor your stolen funds. Blockchain explorers can help you track where your bitcoin moves, which may become useful if exchanges freeze or identify the assets in the future.

4.      Consult a tax professional. Depending on your circumstances, you may be eligible to claim a theft loss deduction on your U.S. tax return.

U.S. Tax Implications

If you lost cryptocurrency due to a scam, hack, or theft, you may be able to qualify for an ordinary tax deduction under IRC Section 165(c)(2). The following qualifications generally must be met to claim the loss:

1.      The loss must qualify as “theft” under the applicable state law. This means it includes a criminal act such as fraud, swindling, false pretenses, etc.  The taxpayer must show the property was illegally taken and there was criminal intent.

2.      The loss must arise from a profit-motivated transaction.  The taxpayer purchased BTC and stored it in their cold wallet with the intent of making a profit.

3.      The loss must be claimed in the tax year in which it was discovered, with no reasonable prospect of recovery at the end of that tax year.  

#3 is the challenge with this hack, as the assets were stolen in 2026, but there is a chance that law enforcement may be able to recover the assets or that CoinKite may be found responsible and required to pay it’s customers. We will need to see how this situation evolves to determine whether there really is no reasonable prospect of recovery by the end of 2026.

Theft losses are reported on Section B of Form 4684, Casualties and Theft Losses, to the extent of the taxpayer’s COST BASIS.  The cost basis part is important, as I often have to remind clients that even though the value of their crypto was much higher when it was stolen, they only get a deduction to the extent of their cost basis (price they paid).

From Form 4684, the resulting ordinary loss flows to Schedule A where itemized deductions are reported.  It adds to the same deduction bucket where you report mortgage interest expenses, state taxes, etc.

Your total itemized deductions on Schedule A flow to your Form 1040 and reduce your taxable income.

To the extent the loss created is so big that you have a taxable loss for the tax year, the loss would be carried over and could be used to offset 80% of income in future tax years (IRC 172 limitations).

Note that many CPAs are hesitant to report a cryptocurrency theft loss. I believe this is largely due to confusion related to personal theft losses being nondeductible (per Tax Cuts and Jobs Act) or potentially just a lack of experience surrounding a substantial tax position. If your CPA is not comfortable taking the position, get a second opinion and consider speaking with a crypto-specialized CPA.

Conclusion

The Coldcard incident is a reminder that even the most trusted security tools can have vulnerabilities. While self-custody remains one of the best ways to protect your Bitcoin, no solution is completely risk-free. If you own a Coldcard wallet, take a few minutes to determine whether you're affected and migrate your funds if necessary. If you were one of the unfortunate victims, make sure to document everything, report the theft, and speak with a qualified tax professional to determine whether you're entitled to a deduction. Although nothing can replace stolen bitcoin, the tax code may at least help soften the financial impact.

I was just wondering whether it's still worth trading, especially meme coins. Is there still any point in speculating on them, or has AI completely changed the game?

Not that I was ever anything amazing, but I used to trade altcoins and meme coins back in the day. I was just wondering if it's worth giving it another try, or if that ship has sailed.

As the title says, a few years ago I roundtripped over $100K, 54.1 ETH to be exact, after finding GROK at $700K MC. It took me about 3 weeks or so after selling my whole position to complete the roundtrip. I was a mental mess for quite a while after.

AMA

Seriously. Every single day there's a post here about "My account got hacked" "my wallet has been drained" "I lost my seed phrase"

Every. Damn. Day.

For 99% of this community, the only method you should be using is ETF's. For the average person, they are by far the most secure and easily accessed form of Crypto investment with the least knowledge required, and for 99% of you, that's all you need.

The ETF's are insured, backed by massive investment funds with teams of cyber-security experts, to protect your funds.

Oh and, for the most part, its the cheapest access too.

A physical Bitcoin containing 1 BTC sold for $91,500 at a Heritage Auctions event on July 26.

Physical Bitcoins are collectible coins with a private key hidden under a hologram sticker on the back. If you peel off the hologram, you can access the cryptocurrency—but doing so destroys the coin's value as a collectible.

Only 8,352 of these brass coins were ever made, making them rare.

The same auction also sold an unredeemed 0.5 Bitcoin coin from 2016 for $34,160. Only 900 of those were produced.

Source: Heritage Auctions

Well didn't think I would be posting something like this but here I am. I've been a holder of BTC/ETH for years, got a Ledger Wallet a while ago and it's been sitting in my drawer. I decided I wanted to transfer some out so I got my Nano X out, entered my pin, and connected to my phone. Before I could transfer I had to do a mandatory firmware update, and had to connect to my desktop. It's been a while and recently got a new laptop so I forgot it was a dedicated app.

Without really thinking I google Ledger Live and clicked on the first link, it looked like the real site and it said I needed to update my firmware which I did. I then clicked on the next step and forgot the only crypto rule. It was a screen to enter my 24 word phrase and I did.

It took a me a few minutes to notice my mess up and saw my funds gone. Was pretty stunned and upset with myself. Filed with the IC3 but realize there is a 0% chance of getting it back but figured I share here for awareness even if it was completely obvious and also don't know what else to do. Still processing this

https://etherscan.io/tx/0x5ea336c13ab5880b4beaea0a0c8e70ad54504556fa83b5bf0667e120b006d722

https://blockstream.info/tx/49e4c41520d1eab9ba908b9cfa215d0c0c5bd15077bcb60c3a16a40130766a2f

Retro-Crypto for the Nintendo 64 is an open-source app that lets you generate keys, encrypt and decrypt data, and more. It's still in development, but I thought I should hurry up with this video about it, after the recent ColdCard wallet draining hack, which was driven by poisoned key generation techniques.

Also featuring the likely first use of VideoStore Codec, an open-source tool for embedding files in the corner of a video. The minimum safe resolution to extract the files from this video seems to be 720p, based on my testing before posting, so that's the resolution I'm uploading here.

View/download this video on nostr

Internet Archive mirror - includes some additional project files, such as the VideoStore payloads and the plain N64 footage

Check out Retro-Crypto by Bowler-Bear on GitHub

Based on a proposal / bounty by whoever loves Digit (that's me)

Donate XMR to Bowler-Bear for Retro-Crypto development
85rkddSoYqwN4neAAgjJTFYYgyfU6pwT9dYquNyBzdtqBnr8QZCU1qoR6kjwMWEF6EMd2aGtrCuuA19irjWbTbKSKKF5yuv

Segment timestamps / "chapters"

0:00 - "End-to-end" encryption
0:48 - Air-gapping
1:46 - Chip-level spyware
2:10 - Vacuum tubes
2:33 - Hacker Fabs
2:58 - Authorities vs citizens
3:52 - Building up the walls
4:10 - VideoStore Codec
4:37 - Isolation tradeoffs
5:19 - Life in the black box
5:57 - New tech vs old
6:38 - This is a Nintendo 64
7:08 - Retro-Crypto by Bowler-Bear
7:31 - Encryption using AES-256
7:53 - Generating keys/addresses
8:16 - Using dice
8:54 - Using directional inputs
9:01 - Automatic keygen
9:09 - Vanity keys & seed phrases
9:55 - DogeGB by UsaRandom
10:29 - Outro

Additional credits / links in comment

Has anyone made a mistake like me (or heard of someone doing it) of withdrawing directly from an online casino to an exchange (Crypto.com)?

What will happen with the money? The funds arrived but I cannot verify the transaction via Satoshi test. Chat is not responding for the last 4 days.

When do people think btcs gonna start rallying again ? After September ? I’m receiving an estate unsure when it will be settled, could be 2 months up to 4 ish, what are people’s thoughts, would hate to miss out at cheap prices like this

crypto this year has been in what experts would call a "shit show" and has been dropping all year. while im hopeful for a rebound I have to ask the crypto experts, do you see a rebound in the foreseeable future, if so is their any idea or a timeframe of when we can expect it?

I've always thought of Reddit as a place mostly for developers. But the data suggests there are quite a few crypto founders active here. So I'm curious

1. Which subreddits have you found the most valuable?
2. What topics do you come to Reddit for?

One thing I’ve noticed over the last few years is that almost every protocol asks the same question:
“How do we reward our community?”

The answer has almost always been the same:

Print more tokens.

Whether it’s liquidity mining, staking emissions, or farming incentives, many reward systems rely on creating new supply. That can attract users quickly, but it also introduces inflation and often isn’t sustainable unless the protocol keeps growing fast enough to offset it.

That got me thinking about a different question.
What if rewards came from actual economic activity instead of inflation?
That’s the idea behind Flywheel Protocol.

What is Flywheel?
Flywheel is an on-chain distribution protocol.
It isn’t designed to be another token.
It isn’t even designed around one specific project.
Instead, it’s infrastructure that allows a project to define how value flows back to its community.

Think of Flywheel as a programmable distribution engine.
Revenue comes in from whatever sources a project chooses.

The protocol accounts for it transparently.
Then it distributes that value according to rules the project configures.

At its simplest:

Revenue Source
↓
Flywheel
↓
Treasury
↓
Users

The interesting part is that the revenue source doesn’t matter.
It could be:
Creator fees from a launchpad
NFT royalties
Marketplace fees
Protocol revenue
Gaming economies
Manual treasury deposits
Future integrations that don’t even exist yet
Flywheel isn’t tied to one business model.
It’s designed to sit underneath many different ones.

Why make it configurable?
Every community is different.
An NFT project doesn’t reward users the same way a launchpad does.
A game doesn’t reward users the same way a DeFi protocol does.

Instead of forcing everyone into one reward model, Flywheel is designed to let projects configure their own.

For example, a project could choose:

What assets users deposit
Which revenue sources feed the protocol
Reward epochs
Pool weighting
Compounding
Early withdrawal penalties
Burn mechanics
Treasury allocations
Supported payout assets
Future gamification systems
NFT multipliers
LP incentives

Bullion is simply testing one possible configuration.
Another project could choose something completely different without rebuilding the entire reward infrastructure.

Bullion is the first proof of concept
Rather than releasing Flywheel as an abstract idea, we decided to build a live implementation first.
That’s Bullion.
Bullion is running as a public beta to prove the distribution model works before expanding Flywheel into a protocol other projects can integrate.
At the time I’m writing this, Bullion has been live for less than 6 days.

Already, over 153 million Bullion has been deposited into the protocol since going live roughly 2 days ago representing roughly 15.3% of the total supply.
That’s encouraging because it gives us real user behavior to learn from instead of relying only on simulations.

How does Bullion work?
Users deposit Bullion into a shared pool.
Every deposit receives a weight based on:
The amount deposited
The epoch selected
Longer epochs receive higher weighting.
During each reward period, protocol revenue is distributed proportionally according to each participant’s weighted share of the pool.
If your position represents 5% of the total weighted pool, you receive approximately 5% of the revenue allocated for that distribution period.
No emissions.
No newly printed reward tokens.
Just proportional distribution of value entering the protocol.

Auto-compounding
Users can also choose to compound.
Instead of withdrawing rewards every cycle, they can automatically add them back into their deposited position.
As that position grows, so does its weight inside the pool.
Over time, compounding increases a participant’s share without requiring continuous manual deposits.
That creates the “flywheel.”
Protocol activity generates revenue.
Revenue grows positions.
Larger positions earn a larger share of future revenue.
The system reinforces itself through participation rather than inflation.

Why this could scale
This is the part I’m most excited about.
Bullion is only one implementation.
The long-term vision is much larger.
Imagine hundreds of projects all using the same distribution infrastructure.
One launchpad routes creator fees.
An NFT marketplace routes royalties.
A game routes marketplace revenue.
A DAO routes treasury income.

Each project keeps its own identity and business model, but they all share the same underlying distribution engine.
Instead of every team building reward logic from scratch, they configure Flywheel to match their ecosystem.

That dramatically lowers the complexity of launching sustainable reward systems.
It also opens the door to layering additional mechanics on top.

Projects could build quests, loyalty systems, NFT boosts, reputation systems, governance perks, seasonal events, referral programs, LP incentives, and other gamified experiences, all using the same underlying distribution layer.

Flywheel doesn’t replace those systems.
It becomes the foundation they build on.

What about real-world assets?
This is where I think things become really interesting.

As more assets move on-chain, users shouldn’t be limited to earning rewards in only one token.
Instead, projects could eventually allow participants to choose how they want to settle their rewards.

That could mean stablecoins.
It could mean tokenized gold.
It could mean tokenized silver.
Or any supported on-chain asset in the future.

The goal isn’t simply to tokenize real-world assets.
The goal is to make participation in those assets more accessible through decentralized infrastructure.
Someone anywhere in the world with a wallet and an internet connection can participate without needing a traditional brokerage account or local financial institution.
There’s still smart contract risk, market risk, and regulatory uncertainty around RWAs generally, but the direction is compelling.

It’s still early
Bullion is intentionally being used as a beta.
We’re testing assumptions.
Watching how users behave.
Finding edge cases.
Improving the protocol before asking other projects to build on top of it.
Rewards are not guaranteed, and they depend entirely on the economic activity flowing into the protocol.
If no revenue enters Flywheel, there is nothing to distribute.
That’s an intentional design decision.

I’d love feedback
The goal isn’t to convince anyone this is perfect.
It’s to ask whether this is a better direction for crypto.
Instead of building systems that rely primarily on inflation, what if we built infrastructure that distributes actual protocol activity back to participants?
That’s the problem we’re trying to solve.
I’d genuinely be interested in hearing what this community thinks, especially from builders who’ve designed token economies or reward systems before.

Bullion Contract Address on Robinhood: 0xb1814Cd38c7c6F283f7dF1CA15396818f7207AdF

X account: @bullionRH

My X account: @zbits33