[Feb 20, 2024 9:00 AM] Matt Corallo proposed a little more than a week ago a BIP for the coordination of making Bitcoin payments. Making bitcoin payments has always presented something of a challenge in terms of coordination, both on-chain and off-chain with protocols…
[Feb 16, 2024 12:30 PM] Somebody, somewhere, at some point decided they would destroy the competition by creating a barrier to entry. They made the barrier high so they could feel safe. It is logical to put a fence around your property, and perfectly fine to do so. The…
[Feb 14, 2024 1:01 PM] Discreet Log Contracts are an old concept in this space at this point, proposed by Thaddeus Dryja (co-creator of the Lightning Network protocol) in 2017. DLCs are a smart contract structure designed to address three issues with contract schemes…
[Feb 8, 2024 9:30 AM] Going into the future of Bitcoin adoption and development there is one issue of software interacting that is coming to the forefront of roadblocks developers must deal with: compatibility. As applications and protocols in this space become more…
[Feb 2, 2024 12:00 PM] With the previous articles, we found the disconnect between paid-for work and paid-for time. We also understood that if you want to get paid you have to provide work that is valuable for others. So when the person consumes the benefit of your work…
[Feb 2, 2024 10:13 AM] Bitcoin is fixing money. Thanks to Bitcoin, anyone in the world is free to transfer money over a peer-to-peer network without having to go through a financial institution. Money that cannot be censored by authorities, devalued by governments…
[Feb 1, 2024 9:48 AM] Consider a doomsday scenario. You spend the past couple years diligently dollar cost averaging and withdrawing to your wallet. You have a ton of small UTXO1‘s and bitcoin transaction fees rise so much that your bitcoin turns into dust2. You’re now…
[Jan 25, 2024 1:06 PM] Is it really surprising, given that cats have essentially dominated the internet for the last two decades, that cat memes have finally taken over the Bitcoin space as well in the last few weeks? Cats are the most viral meme on the internet, so it's…
[Jan 22, 2024 8:30 AM] What started as a single transaction from Satoshi to Hal Finney, has evolved into a complex system of industrial scale miners, evolving meta-protocols like the Lightning Network and Fedimint, and a full embrace of institutional investors with the…
[Jan 20, 2024 4:00 AM] The challenges associated with physical work and delayed payments, as discussed in the construction and logistics industries articles, might not be as directly applicable to industries with less physical movement. However, the principles of instant…
[Jan 16, 2024 10:00 AM] The fourth Bitcoin halving is almost upon us, and this one has the potential for some very interesting surprises. This halving marks the reduction of the Bitcoin supply subsidy from 6.25 BTC every block to 3.125 BTC per block. These supply…
[Jan 16, 2024 9:17 AM] The core of Bitcoin’s security model relies on this basic game theory—miners, armed with their digital pickaxes, are in a relentless chase for profit. And it’s this pursuit that keeps the network secure. Basic vanilla mining involves producing…
[Jan 12, 2024 2:30 PM] OP_CHECKTEMPLATEVERIFY has once again become a focal point in the conversation about improvements to scale Bitcoin. This time around there are many more alternative designs for covenants being proposed, and actual concrete designs that make use of…
[Jan 11, 2024 12:45 PM] Get ready, brace yourself. Reading this might enrage and confound you, it might confuse you, you might even get mad enough to punch your screen (don’t do that.) Consider this a trigger warning.Bitcoin is a database. Period. That is what it is. The…
[Jan 8, 2024 2:45 PM] CommerceBlock is releasing Mercury Layer today, an improved version of their variation of a statechain. You can read a longer form explanation of how their Mercury statechains work here. The upgrade to Mercury Layer represents a massive improvement…
[Jan 8, 2024 8:00 AM] Today Breez announces FiatLink, an open API standard for the integration of on and off ramps directly inside of Lightning wallets and applications. Currently there are many issues with seamless integration of Bitcoin to fiat exchanges inside of…
[Jan 3, 2024 4:00 AM] Now that we have seen how instant settlement can affect the construction industry let’s see the next industry that can have a huge impact - logistics.To begin, let's examine the logistics industry through the lens of an online order example. What…
[Dec 22, 2023 11:00 AM] OCEAN Mining has released an update to their pool software allowing miners to individually choose between a set of different block templates to mine on. Miners can choose between these three templates at this time: The default OCEAN Knots template…
[Dec 21, 2023 10:45 AM] Bitcoiners Need The GuillotineAs Scottish economist and philosopher David Hume observed in A Treatise of Human Nature, nothing we know about what is true can tell us what ought to be true and nothing we know about what ought to be true can tell us…
[Dec 20, 2023 8:00 AM] Yesterday the Human Rights Foundation announced a wave of new grants for a diverse range of projects. I want to focus on one specific project and grant: Braidpool, and the grant Kulpreet Singh received to continue his work on actually implementing…
[Dec 19, 2023 10:00 AM] Bitcoin Maxis are patting themselves on the back after the launch of the Taproot Assets protocol for Bitcoin and Lightning. And they’re quite right to do so. Lightning Labs mainnet Alpha launch last month was big news. Up till now Ethereum and Tron…
[Dec 18, 2023 11:09 AM] This year has seen a massive upswing in demand for the limited space available within bitcoin blocks, leading to higher fees for on chain transactions. Much of the demand is for transactions revealing inscriptions. The contents of these…
[Dec 16, 2023 4:00 AM] As I delve deeper into the realm of Bitcoin and the Lightning Network, I am consistently struck by the potential benefits it holds for humanity. The realization of how inefficient and broken our societal structures are due to the limitations of…
[Dec 15, 2023 11:33 AM] Traditionally, the mining industry has been vilified for its environmental impact and energy use. This article describes the industry where mining can have an immediate positive impact – fossil fuel operations. BackgroundThe run-up to November 2023…
[Dec 12, 2023 12:00 PM] Ever since the infamous Taproot Wizard 4mb block bitcoiners have been alight, fighting to try and stop inscriptions. Inscriptions are definitely not good for bitcoin, but how bitcoiners are trying to stop them will be far worse than any damage…
[Dec 11, 2023 11:30 AM] This piece is an entirely and deeply serious parody. Bitcoin mines aren’t just thirsty, it turns out they’re starving for air, too. The air consumption tied to a single Bitcoin transaction, on average, could be enough for a DINK couple to…
[Dec 11, 2023 9:00 AM] The “bitcoin uses fossil fuels” argument has been increasingly breaking down in the face of new data from Bloomberg Intelligence showing the network is in fact the most sustainable-energy backed industry on the planet with 53% energy coming from…
[Dec 8, 2023 8:00 AM] Like most things, it’s hard to talk about the solution if we don’t properly define the problem first. So, let’s start there. Last week, Elon Musk and Andrew Ross Sorkin conducted an hour-long interview full of awkward and strange moments. For…
[Dec 6, 2023 12:00 PM] Satoshi Nakamoto is God and Bitcoin’s design is perfect. Or is it? There's one feature of the protocol that keeps bugging me: the Halvening (halving, whatever). I'm sure Naka thought this over. His first Bitcoin must have had an incremental…
[Dec 5, 2023 2:34 PM] CrowdHealth, a crowdfunding platform for paying medical experiences in lieu of an insurance policy, is integrating Lightning payments with Breez’s Lightning SDK. The United States spends more than twice the average amount of money on healthcare in…
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