Now That’s What I Call Crypto: 10 Years Of The Best Of Bitcoin

On January 3rd, 2009, the Genesis Block was created. This was the first entry on the Bitcoin blockchain. Because of the nature of Bitcoin, all transactions lead back to this block. This is where Bitcoin began, almost exactly ten years ago.

The Genesis Block was created by Satoshi, a person or persons we know nothing about. In the decade since, we’ve seen the astonishing rise and meteoric descent of Bitcoin, and then it happened again after the bubble was re-inflated.

Due to the nature of Bitcoins, blockchains, and ledgers, the entire history of Bitcoin has been recorded. Every coin spent and every satoshi scrupled has been recorded for all to see. It’s time for a retrospective, and not just because I wanted to see some art based on the covers of Now That’s What I Call Music albums. No, ten years is a lot of stories to tell.

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2018: As The Hardware World Turns

2018 is almost over, and we have another year in the dataset: an improbable number of celebrities died in 2016. The stock market is down, and everyone thinks a crash is coming. Journalists are being killed around the world. Fidget spinners aren’t cool anymore. Fortnite. Trade wars.

But not everything is terrible: Makerbot released a new printer and oddly no one complained. It was just accepted that it was an overpriced pile of suck. Elon Musk is having a great year, press and Joe Rogan notwithstanding, by launching a record number of rockets and shipping a record number of cars, and he built a subway that we’re not calling a subway. FPGA development is getting easier with new platforms and new boards. There is a vast untapped resource in 18650 cells just sitting on sidewalks in the form of scooters, and I’m going to keep mentioning this until someone actually builds a power wall out of scooters.

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This Bitcoin Price Tracking Traffic Light Isn’t Just A Red LED

Quick, what’s the price of Bitcoin? Is it lower today than yesterday? Are you overdrafting your Lamborghini account? What if you had an easy way to tell at a glance how much you could have made if you sold in December of last year? That’s what this Bitcoin price tracking traffic light is all about, and it’s a great use of existing electronics.

The hardware for this build is a traffic light table lamp available on Amazon for twenty bucks. Inside this traffic light, you get a PCB with three LEDs and a small microcontroller to control the LEDs. The microcontroller isn’t used in this case, instead the microcontroller is removed and a few wires are soldered up to the base of the transistors used to drive the LEDs. The other ends of these wires are attached to a trio of pins on a Raspberry Pi Zero W, giving this traffic light table lamp Linux and a connection to the Internet.

On the software side of things, we’re looking at a Docker container running a Python script that fetches the latest Bitcoin price from Coindesk and calculates the change from the previous fetch of the price of Bitcoin. This data is shuffled off to another Python script that actually changes the LEDs on the lamp.

Sure, these days a ‘bitcoin price tracking traffic light’ is as simple as connecting a red LED to a battery, and if you’re feeling extra fancy you can add a 220 Ω resistor. But this is a project that’s so well executed that we’ve got to give it a tip ‘o our hat.

Bitcoin’s Double Spending Flaw Was Hush-Hush During Rollout

For a little while it was possible to spend Bitcoin twice. Think of it like a coin on a string, you put it into the vending machine to get a delicious snack, but if you pull the string quickly enough you could spend it again on some soda too. Except this coin is worth something like eighty-grand.

On September 20, the full details of the latest fix for the Bitcoin Core were published. This information came two days after the fix was actually released. Two vulnerabilities were involved; a Denial of Service vulnerability and a critical inflation vulnerability, both covered in CVE-2018-17144. These were originally reported to several developers working on Bitcoin Core, as well as projects supporting other cryptocurrencies, including ABC and Unlimited.

Let’s take a look at how this worked, and how the network was patched (while being kept quiet) to close up this vulnerability.

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A Close Eye On Power Exposes Private Keys

Hardware wallets are devices used exclusively to store the highly sensitive cryptographic information that authenticates cryptocurrency transactions. They are useful if one is worried about the compromise of a general purpose computer leading to the loss of such secrets (and thus loss of the funds the secrets identify). The idea is to move the critical data away from a more vulnerable network-connected machine and onto a device without a network connection that is unable to run other software. When designing a security focused hardware devices like hardware wallets it’s important to consider what threats need to be protected against. More sophisticated threats warrant more sophisticated defenses and at the extreme end these precautions can become highly involved. In 2015 when [Jochen] took a look around his TREZOR hardware wallet he discovered that maybe all the precautions hadn’t been considered.

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Accessing Blockchain On ESP8266 Using The NodeMCU Board

Blockchains claim to be public, distributed, effectively immutable ledgers. Unfortunately, they also tend to get a little bit huge – presently the Bitcoin blockchain is 194GB and Ethereum weighs in at 444GB. That poses quite an inconvenience for me, as I was looking at making some fun ‘Ethereum blockchain aware’ gadgets and that’s several orders of magnitude too much data to deal with on a microcontroller, not to mention the bandwidth cost if using 3G.

Having imagined a thin device that I could integrate into my mobile phone cover (or perhaps… a wallet?) dealing with the whole blockchain was clearly not a possibility. I could use a VPS or router to efficiently download the necessary data and respond to queries, but even that seemed like a lot of overhead, so I investigated available APIs.

As it turns out, several blockchain explorers offer APIs that do what I want. My efforts get an ESP8266 involved with the blockchain began with two of the available APIs: Ethplorer and Etherscan.

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What Does ‘Crypto’ Actually Mean?

This article is about crypto. It’s in the title, and the first sentence, yet the topic still remains hidden.

At Hackaday, we are deeply concerned with language. Part of this is the fact that we are a purely text-based publication, yes, but a better reason is right there in the masthead. This is Hackaday, and for more than a decade, we have countered to the notion that ‘hackers’ are only bad actors. We have railed against co-opted language for our entire existence, and our more successful stories are entirely about the use and abuse of language.

Part of this is due to the nature of the Internet. Pedantry is an acceptable substitute for wisdom, it seems, and choosing the right word isn’t just a matter of semantics — it’s a compiler error. The wrong word shuts down all discussion. Use the phrase, ‘fused deposition modeling’ when describing a filament-based 3D printer, and some will inevitably reach for their pitchforks and torches; the correct phrase is, ‘fused filament fabrication’, the term preferred by the RepRap community because it is legally unencumbered by patents. That’s actually a neat tidbit, but the phrase describing a technology is covered by a trademark, and not by a patent.

The technical side of the Internet, or at least the subpopulation concerned about backdoors, 0-days, and commitments to hodl, is now at a semantic crossroads. ‘Crypto’ is starting to mean ‘cryptocurrency’. The netsec and technology-minded populations of the Internet are now deeply concerned over language. Cryptocurrency enthusiasts have usurped the word ‘crypto’, and the folks that were hacking around with DES thirty years ago aren’t happy. A DH key exchange has nothing to do with virtual cats bought with Etherium, and there’s no way anyone losing money to ICO scams could come up with an encryption protocol as elegant as ROT-13.

But language changes. Now, cryptographers are dealing with the same problem hackers had in the 90s, and this time there’s nothing as cool as rollerblading into the Gibson to fall back on. Does ‘crypto’ mean ‘cryptography’, or does ‘crypto’ mean cryptocurrency? If frequency of usage determines the correct definition, a quick perusal of the press releases in my email quickly reveals a winner. It’s cryptocurrency by a mile. However, cryptography has been around much, much longer than cryptocurrency. What’s the right definition of ‘crypto’? Does it mean cryptography, or does it mean cryptocurrency?

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