Bitpico Cashes Out, Claiming BTC to Be “World’s Most Manipulated Commodity”

Bitpico, a controversial mischief-maker within the world of bitcoin, has allegedly rage-quit BTC altogether. The pseudonymous entity, who has previously caught attention for stress-testing the Bitcoin Cash network and trying to keep Segwit2x alive, has now reportedly washed his hands of Bitcoin core altogether. There remains the possibility, however, that it’s merely the latest publicity stunt from a notorious troll.

Also read: A Character Called Bitpico Thinks He Can Stress-Test the BCH Network

Bitpico Allegedly Rage Quits on Bitcoin Core

Bitpico was last in the news six weeks ago, when we reported that his crew were stress-testing the Bitcoin Cash network – and not out of love for it. Bitpico has made no secret of his dislike for BCH, but now it appears he’s fallen out of love with BTC too. In a tweet that strongly reeked of a hack or publicity stunt, Bitpico wrote on August 4: “We are no longer bullish on #bitcoin $btc & dumped all @ 8300 USD. We’ve put our farm up for sale also. Why? We no longer want to participate in the worlds most manipulated commodity. Bitcoin is now just a shit show. Good luck!”

The claim caught the attention of the crypto community, but was met with short shrift:

Bitpico Cashes Out, Claiming Bitcoin to Be “World’s Most Manipulated Commodity”

Others have speculated that Bitpico was a Bitcoin Cash shill all along, and that his team’s failure to successfully topple the BCH network was an attempt to demonstrate its strength, citing his sudden dismissal of BTC as proof.

Bitpico Deletes All Tweets

In addition to defiantly declaring BTC to be the world’s “most manipulated commodity”, and claiming to have sold his coins at the recent top, Bitpico went on to delete all his remaining tweets. He also updated his Twitter bio, reaffirming his opinion that “Bitcoin is fully manipulated shit show. Just say no.” If Bitpico was seeking to catch attention by throwing his toys out the pram, he certainly succeeded. Few people are prepared to take his claims seriously however.

Bitpico Cashes Out, Claiming Bitcoin to Be “World’s Most Manipulated Commodity”

Bitpico has a history of making threats and then never following through with them. As previously reported by news.Bitcoin.com: “[In November] Bitpico explained that his team was carrying out the Segwit2x fork whether people liked it or not and claimed to have 30 percent of the hashrate…Following Bitpico’s threats this past November, nothing ever happened, and his 30 percent of hashrate never came to fruition.” He also previously threatened to DDoS the Lightning Network, but once again, nothing happened.

It’s possible that Bitpico’s non-existent hashrate, sloppy coding, and ineffectual DDoS army is accompanied by shoddy infosec, resulting in his Twitter account being hacked. It seems likelier, though, that he’ll return in a few days, promoting a new agenda with equally lackluster results.

Do you think Bitpico has really sold all his BTC? Let us know in the comments section below.


Images courtesy of Shutterstock, and Twitter.


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The post Bitpico Cashes Out, Claiming BTC to Be “World’s Most Manipulated Commodity” appeared first on Bitcoin News.

A Character Called Bitpico Thinks He Can Stress-Test the BCH Network

A Character Called Bitpico Thinks He Can Stress-Test the BCH Network

This Sunday news.Bitcoin.com reported on a community-driven Bitcoin Cash network stress test taking place this September. However, allegedly another stress test is in the works with malicious intent, according to a lesser known developer named Bitpico. The anonymous person claims the attack has already started, and emphasizes his blitz of spam will amplify over time.  

Also read: Taiwan’s Financial Regulator to Conduct Limited Oversight of Cryptocurrencies

An Anonymous Person Claims to Have the Power to Take Down the Bitcoin Cash Network With His Homemade Spamming Payloads

An anonymous developer is threatening to strike the Bitcoin Cash (BCH) network with a series of spam attacks that he believes will be powerful enough to hurt the network. The developer had spoken to people about his attempt not long ago, but on June 22 Bitpico said the onslaught has started and believes it will be far more powerful in the coming weeks.   

“The Bcash – BCH attack has been started; it will continue to run as we work to amplify it over the coming months,” explains Bitpico showing a video of code scrolling down a blue screen.

We expect to have 5,000 Bcash attack nodes in roughly 6 weeks and then we will multi-fork the chain.

A Character Called Bitpico Thinks He Can Stress-Test the BCH Network
Bitpico’s attack on the Bitcoin Cash network.

Since then Bitpico has continued to detail to the public that he will besiege the BCH network with his mining power and malicious nodes. Of course, the BCH community thinks that Bitpico’s Twitter chatter is a whole lot of hot air, and there is a good reason for them not to take Bitpico seriously, due to his empty threats in the past. For instance, the script scrolling down a blue screen is questionable at best, and many have already dismissed him as a ‘script kiddie’ because of the video. On June 24 Bitpico writes, “don’t say we didn’t warn you,” and shares a Fork.lol screenshot of the BTC and BCH hashrate. No one on Twitter understands what the picture meant when observing the comments, and one person asks if they will be able to follow Bitpico’s so-called mined blocks from a block explorer. There is no response to this question. 

‘Low to High-Level Attacks’

Following this, according to Bitpico, he was interviewed by the publication Coindesk and leaves a Pastebin copy of the interview for everyone to see. We don’t know if Coindesk will be publishing the story, but the developer tells the journalist interviewing him that he is creating all types of attacks from “low-level TCP/IP stack attacks to high-level bitcoin cash protocol attacks.” Bitpico explains that “they” have studied this attack and states there is enough conclusive evidence from his research that assures him he can successfully attack the BCH chain enough for it to split. Moreover, Bitpico has created a Github repository for his low and mid-level test toolkit that contains a GNU license and a readme file. 

A Character Called Bitpico Thinks He Can Stress-Test the BCH Network
Bitpico creates a Github repo on June 23, 2018, for his network test tool. The repo is pretty much empty.

 Bitpico’s Hollow Segwit2x Threats

Besides all the words Bitpico has stated many people cannot find conclusive evidence that Bitpicos words are more than mere statements. The reason for this is his connection with the Segwit2x (BTC1 repository) fiasco. Bitpico was often found discussing technical matters on the BTC1 Slack channel and the developers mailing list. Although when Segwit2x was canceled by Jeff Garzik, the anonymous individual was not too pleased. Back on November 9, 2017, Bitpico explained that his team was carrying out the Segwit2x fork whether people liked it or not and claimed to have 30 percent of the hashrate.

We are carrying out the fork regardless as everything is set in motion. Backing down the difficulty right now is a strategy,” explained Bitpico that day.  

Wonder why 30% network hash-rate disappeared?  It’s ours; the miners that will continue what is set in motion… A handful of humans cannot stop what they have no control over.

Script-Kiddies and Popcorn

Following Bitpico’s threats this past November, nothing ever happened, and his 30 percent of hashrate never came to fruition. Many BCH proponents believe that because of the empty Segwit2x threats, and no evidence of any hashrate Bitpico spamming the BCH network with a homemade payload implausible and to some even downright laughable.

One person explains all of Bitpico’s current threats also seem pretty hollow, as the Reddit user ‘chernobyl169′ states:  

DDoS attacks on hosts, TCP/IP stack of hosts — Breaking a host doesn’t break Bitcoin. Hunting for buffer overflows — Breaking an implementation doesn’t break Bitcoin Cash because there are multiple implementations. Key extraction with SPECTRE and friends — Have at it, big boy. If you can pull this off, all crypto is your sandbox for theft, there are endless possibilities. And endless ways for the network to route around the damage.

Allegedly not long ago, Bitpico performed similar TCP/IP based DDoS attacks against the Lightning Network with a picture of code running down his a computer screen as well. Many BCH supporters who are skeptical of Bitpico’s words encouraged him to pretty much — “Bring it on.”  

What do you think about Bitpico’s malicious threats against the BCH network? Let us know in the comments below.


Images via Pixabay, and Twitter.


Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com.

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Bitcoin.org Redesign Goes Live, Removes References to Pro-SegWit2x Companies

Bitcoin.org launched a new website design on and has removed references and links to certain partners, including BitPay, Coinbase, and Blockchain.   The removal of the companies occurred most on the resources pages, namely the exchanges page. The argument for removing these large players, who have helped with increasing adoption for new users, is that … Continued

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Bitcoin SegWit Transactions Now Hitting All-Time Highs

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As a result of the latest Bitcoin Core 0.16 update, the usage levels of Bitcoin SegWit have been taking off. This significant uptick in usage levels can also be attributed to a number of major exchanges and wallet providers such as Coinbase and Bittrex finally implementing this technology into their platforms. This uptick means that there … Continued

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