Search results for Peter Todd
Crypto
Bitcoin 21 million cap under scrutiny as \'perpetual issuance\' debate heats up
A debate over Bitcoin\'s 21 million supply cap has resurfaced after early developer Peter Todd raised questions about long-term security under declining block subsidies. The issue is whether transaction fees alone can sustain proof-of-work security as halvings reduce subsidies. Todd has floated “tail emission,” continued small issuance after new issuance ends, though he has not proposed a concrete change plan. Critics call the idea risky, warning it could undermine trust and threaten Bitcoin’s viability.
Crypto
Coldcard hack renews debate over self-custody
A hack tied to a firmware flaw in Coldcard hardware wallets led to the theft of $88 million worth of bitcoin, rekindling a trust crisis across the crypto industry, U.Today reported on Aug. 3. Skeptics including Bruce Fenton called it a failure of self-custody. Early bitcoin developer Peter Todd countered that hardware wallet flaws are minor compared with systemic risks at centralized platforms, citing larger losses from exchange failures and arguing third-party key custody is the core risk.
Crypto
Bitcoin not a sole invention of Satoshi, as 1997 cypherpunk experiments are revisited
Bitcoin is not a standalone invention by Satoshi Nakamoto but a product combining ideas accumulated in the cypherpunk community since the late 1990s, a claim has emerged. Cryptographer and Blockstream CEO Adam Back said Bitcoin’s structure extends collective research dating to 1997, including discussions on proof-of-work money and use of the Hashcash algorithm. He said Satoshi’s achievement was solving double spending and unifying dispersed concepts into an operating protocol.
