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The Weekly Reorg: Bitcoin Fashion Week

[Apr 16 1:13 PM] In case you missed it, Bitcoin Season 2 released part of its Spring/Summer collection last week. Amongst other things, Mezo, a “Bitcoin economic layer” came out of stealth with a $21 million fundraising round. Alpen Labs announced a $10.6 million…

How did Satoshi Think of Bitcoin?

[Apr 13 8:00 AM] The following is an essay originally published on Unchained.com by Dhruv Bansal, CSO and Co-founder of Unchained, the Official US Collaborative Custody Partner of Bitcoin Magazine. For more information on services offered, custody products, and the…

The Technical Architecture of the Quantum Cats

[Apr 12 9:35 AM] Quantum Cats is a collection of 3333 Ordinals Inscriptions that evolve over time, to reveal different artwork. This is the first ever collection of Inscriptions that will evolve over time, and was created in a time of high fees and an unpredictable…

The BitVM Liquidity Crunch Issue

[Apr 9 12:40 PM] BitVM has recently come under some scrutiny after the Taproot Wizards, Tyler and Rijndael, posted their criticism of the liquidity requirements imposed on the operator of a BitVM based two-way peg. In all the recent discussions around BitVM based…

BitVM 2: Opening Up The Playing Field

[Apr 2 8:00 AM] Last October Robin Linus from Zerosync dropped a bit of a bomb in the form of BitVM. One of the longest running criticisms of Bitcoin is that it is not possible to make arbitrary programs to control how money is spent or locked. Bitcoin only has a…

On the Brink of a Dramatic Change: The Digitalization of Money

[Mar 27 10:00 AM] “What underpins a world order is always the financial system.We are on the brink of a dramatic change where we are about to, and I'll say this boldly, abandon the traditional system of money and accounting and introduce a new one. And the new one…

Bitcoin: The Tree of Bytes

[Mar 26 11:45 AM] The blockchain truly is a marvelous piece of technology. A mechanism to timestamp the order of digital information without needing to depend on a centralized operator. A decentralized mechanism with no one in charge, that provides undeniably…

Bitcoin: The Entropy Engine

[Mar 26 7:46 AM] Introduction Names can be both liberating and confining. When mankind gives something a name, we mark it with a label that helps us discuss our shared environment and experience. At the same time, a label can obscure something in preconceived…

Random Access Markets: The Free Market Of Information

[Mar 20 7:30 AM] This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription.Click here to download a PDF of this article.The Value Of BitsData is the most liquid commodity market in the world

How do the Wealthiest Bitcoin Holders Secure their Bitcoin?

[Mar 19 9:30 AM] If you want to hold a large amount of bitcoin securely, it makes sense to investigate how the wealthiest bitcoin holders handle this task. While wealth doesn’t cause infallibility, these entities have the most to lose from making a mistake. They…

Mercury Layer's Lightning Latch Swap Protocol

[Mar 18 8:30 AM] Commerceblock has released a new atomic swap protocol for use with statechains on their Mercury Layer protocol. The HSM server has introduced functionality to support atomically swapping two statechains, as well as enforcing an atomic exchange of a…

Multisig, Shamir's secret sharing, & MPC compared

[Mar 16 7:00 AM] For anyone with substantial bitcoin holdings, a custody structure that includes a single point of failure should be seen as unacceptable. If a wallet has a single component that—when lost or stolen—can lead to a permanent loss of funds, then it’s…

An Interview With Polyd: The Rabbit hole of Covenants

[Mar 8 9:40 AM] Have you fallen into the ‘rabbit hole’ of covenants?Interviewer: Hua, freelance writer, independent researcher. X: @AmelieHuaInterviewee: Poly, a Controls Specialist, maintains multiple Distributed Control Systems (DCS's) and has worked with other…

Instant Settlement Series: It's Not About The Money

[Mar 1 9:00 AM] Instant settlement profoundly transforms our behavior as it reconnects us with the elemental laws of nature. The existing paradigm mirrors the primal imperative of reaping benefits in exchange for labor–working to survive, but the pay-per-time…

BITPACS: Emulating DAOs on Bitcoin

[Mar 1 8:01 AM] I wanted to share some thoughts on a seemingly overlooked innovation that has come to Bitcoin within the last year, called Bitpacs. Bitpac stands for a Bitcoin Based Publicly Auditable Cooperative. Bitpacs are essentially normal bitcoin multisig…

Anduro: A Network of Sidechains

[Feb 29 1:23 PM] Marathon yesterday announced their Anduro layer two proposal. While there aren't really any fundamentally new pieces or developments in the Anduro design, they do compose in slightly different ways compared to other existing sidechain systems such…

Layer 2 Is Not A Magic Incantation

[Feb 26 2:06 PM] A common chant from many in this space these days in response to any discussion of changes to the Bitcoin protocol is “Don’t mess with Layer 1! You can just build it on Layer 2!” This seems like a very logical thing to do, right? Why risk the…

Ordinals vs Layer 2 Metaprotocols, Part 2: The Final Showdown?

[Feb 20 11:15 AM] Last May, I wrote an article for Bitcoin Magazine predicting that Layer 2 (L2) metaprotocol solutions would resolve the Ordinals controversy. Now that two of the most highly-anticipated Layer 2 solutions, Taproot Assets (TA) and RGB, are either…

Using DNS To Coordinate Bitcoin Payments

[Feb 20 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…

Instant Settlement Series: The Gambling Industry

[Feb 16 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…

DLCs Evolving To Meet Institutional Needs

[Feb 14 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…

Nostr Wallet Connect: A Bitcoin Application Collaboration Layer

[Feb 8 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…

Instant Settlement Series: Real Time Streaming Payments

[Feb 2 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…

LN Markets Upgrades Bitcoin Trading With DLCs

[Feb 2 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…

To Dust You Shall Return

[Feb 1 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…