Announcing a Return to our Roots: The All-New Bitcoin Magazine

Robin Hood Saves And Returns $20,000 In Bitcoins!


         Robin Hood Saves And Returns $20,000 In Bitcoins!

Beware all ye who wonder down these paths where and other brainwallets may lie. Many a person has stated warning from afar, such as tech wizard Jeff Garzik who shouted “No!” firm warning raised, and such as Robin Hood (of the Digital Age), where our tale lies today.

The term ‘brainwallet’ has been in the Bitcoin space for a while; the first I heard about it was last summer (2013). Being a cautious person myself, and not a coder, I waited patiently whilst others experimented with this new thing,

Brainwallets are Bitcoin wallets generated uniquely from a passphrase that the users keeps in his mind so that it is required and sufficient to move the funds.

Soon I heard about people losing their funds via the site, and reading through a variety ofwarnings on bitcointalk I decided never to use the site myself.

The consensus is that humans simply cannot generate a secure brain wallet versus someone with an FPGA farm (a relatively fair amount of computing power).

~Jeff Garzik

Unfortunately amongst the list of warnings not to use the site there is the sporadic message from some poor unfortunate who did indeed use the site, and promptly lost all their bitcoins they deposited.

However, for the unlucky and too trusting out there, or those that were simply fooled by a scam site or similar, there is Robin Hood (btcrobinhood), who tirelessly roams the digital woods looking for things to right.

His most recent service to the community has been to swipe and return 35 bitcoins from someone who had mistakenly decided to use As has happened recently with this particular redditor,he deposited 35 Bitcoins, which quickly disappeared.

I had 35 Bitcoin spread across 18 wallets and the coins have been sitting idle for months. Sometime last night, all 35 coins were moved to two addresses

A tragic blow, that lost him “95% of his Bitcoin Holdings”. He was fortunate in this case as Robin Hood was soon on the scene.

Robin Hood in this scenario is something that is referred to as aWhite Hat hacker, someone who hacks with an altruistic nature (someone who gives and cares for others rather than takes and cares just for themselves).

Robin Hood returned the 35 Bitcoins ($20,440 on 27th June ($584) average).

So as a warning to one and all;

Final Edit: My coins have been returned to me!!!! PSA to anyone planning on using the random function on DON’T DO IT! It is not secure. I am one lucky dumbass!


Ten Years Later, a Reflection on Bitcoin’s Genesis and Satoshi’s Timing

Rather than focusing simply on what the genesis block is, today is a day to reflect on what the genesis block represents.

Colin Harper

Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For the crypto industry, recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

Courtney Rogers Perrin and Joshua Lewis

Bitcoin Price Analysis: Blowing Through Support Levels on the Way to $3,000

Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer.

Bitcoin Schmitcoin

Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets

This broad, authoritative declaration is not unexpected, as, to date, the SEC has stated that all digital assets — regardless of whether they function as alt coins or utility tokens — are securities at least initially and, thus, subject to its jurisdiction.

Huhnsik Chung and Nicholas Secara