5 / 9 Relevant items tagged with #Technical

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Bitcoin Mining Can Help Fight Methane Emissions

[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…

Inscriptions: The Cure Is Worse Than The Disease

[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…

How Bitcoin Improves Water Abundance In Water Scarce Nations

[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…

Preston Pysh: How To Actually Get Free Speech

[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…

Satoshi's Mistake

[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…

An Ocean Launch Post-mortem

[Dec 4, 2023 12:33 PM] Well, let’s just say the launch of Ocean from the social perspective was anything but smooth. The decision to filter out transactions conducting inscriptions should have been communicated clearly on launch day, instead speculation lead to a chaotic…

The Rise Of Ordinals And NFTs On The Medium Of Bitcoin

[Nov 30, 2023 9:00 AM] The Ordinals protocol was introduced to Bitcoin in early 2023 at a most opportune time. Bitcoin had nearly two years of low transaction fees from the lack of demand to actually send Bitcoin transactions. Bitcoin is considered to be the most secure…

Lightning Is Doomed

[Nov 27, 2023 11:02 AM] Lightning is doomed. High fees from Ordinals have killed all hope of scaling Bitcoin non-custodially, there is no chance at all that people will be able to cost effectively open channels or enforce hung payments on-chain when necessary. It’s all…

Are Mining Pools Becoming A Problem?

[Nov 21, 2023 12:30 PM] Bitcoin miners provide a valuable service to the ecosystem. In exchange for the work they do securing the network, they are rewarded by the same network they protect. This sound and elegant design by Satoshi is surely one of the most remarkable…

BitStream: A Protocol For Atomic Data Exchange

[Nov 15, 2023 2:46 PM] Atomically purchasing digital files with digital currency is an idea that has a long history in this space. Digital goods, digital money, the two seem like a perfect pairing together. Digital goods, i.e. information, are also massive markets. Think…

Durabit: Incentivizing Torrent Seeding With Bitcoin

[Nov 15, 2023 11:32 AM] BitTorrent has been around for 22 years as of this year. In many ways it is a technology protocol almost as big as Bitcoin in the scope of how it changed the game of moving data around the internet. If Bitcoin is the money for sending money around…

Bitcoin Beyond BIP-300: What Future Holds For ‘DeFi On BTC’

[Nov 8, 2023 11:00 AM] Does Bitcoin need any sidechains for its future? The DeFi community nowadays is split between “yes” and “no” as an answer to this question after the resurgence of a six-year-old proposal. Since the controversy around sidechains involves advanced

Everyone's Thinking About Second Layers Is Backwards

[Nov 8, 2023 9:30 AM] I have written quite a bit about my concerns regarding drivechains and miner incentives over the years, because I think it is a very important set of risks to be aware of. Bitcoin is almost 15 years old as a live network at this point, and it has…

Before They Were Cool: Covenants In Production On Liquid

[Nov 2, 2023 10:00 AM] Ever since the Bitcoin community embarked on discussions surrounding the optimization of covenants, there's been a growing interest in learning more about their tradeoffs and the covenants already deployed on the Liquid Network. In light of this…

Understanding The "Bitcoin L2 Trilemma"

[Nov 1, 2023 10:03 AM] As a venture capitalist, I maintain a "token agnostic" stance. Because we invest at the early stages of a new technology’s development, we invest in equity rather than tokens, only receiving tokens on a pro-rata basis. We firmly believe that for a…

Why Blockchain Surveillance Needs FinCEN’s PATRIOT Act Ploy

[Oct 25, 2023 7:04 AM] FinCEN’s Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern would criminalize Bitcoin privacy tools under the suspicion of money laundering. The proposal cites…

Postmortem On The Lightning Replacement Cycling Attack

[Oct 24, 2023 10:30 AM] So a lot of noise has been made around the Lightning vulnerability recently disclosed by Antoine Riard. Many people are claiming the sky is falling, that Lightning is fundamentally broken, and nothing could be further from the truth. I think part…

Why Bitcoin Wallets Need Block Filters

[Oct 20, 2023 8:02 AM] With the advent of software development kits like BDK and LDK, building a bitcoin wallet has never been easier. However, as much as easier development is necessary, it's important to build in a way that protects user security and privacy by…

Lightning Labs Rolls Out Taproot Assets Mainnet Alpha

[Oct 18, 2023 10:06 AM] Bitcoin-focused company Lightning Labs has launched the Taproot Assets mainnet alpha daemon.Simply put, Taproot Assets uses Bitcoin's technology to handle, create, and delve into stablecoins and other assets. Think of it as a modern financial tool…

Bitcoin Is Physical: Bits And Bytes Have To Live Somewhere

[Oct 18, 2023 8:30 AM] Sound money is money that is not prone to sudden debasement. The conversation surrounding sound money has reached a critical point, given the present uncertainties in the global financial landscape. The spiraling debt of sovereign nations have…

Timeout Trees: A Solution To Scaling Lightning Network LSPs

[Oct 17, 2023 8:32 AM] One of the biggest inherent limitations to the Lightning Network is the limited number of channels that can be opened or closed per block given the blocksize limit. Regardless of how many transactions can occur off-chain how cheaply, this is a…

Two-Sided Coin Control

[Oct 14, 2023 8:30 AM] This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now.A PDF pamphlet of this article is available for download. Self custody is an essential requirement when using Bitcoin to fully benefit from all