“The difference between the Linden Dollar, World of Warcraft Gold, Fortnite V-Bucks, the Euro, and the U.S. dollar is in scale, not in nature. While V-Bucks are created and controlled by Epic Games (the company

“The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers

“Unique to the emergent Bitcoin financial system is the application of cryptography to fundamental financial functions. Novel technologies exist, are being built, and have been theorized that will enable previously unseen functionalities, robustness, and, ultimately,

“We have no interest in causing confusion, mistakes, or deception. That sounds more like a job for those responsible for telling the market they wouldn’t raise rates after a massive monetary expansion, and then went

“Will Bitcoin adoption improve the monetary policy behaviors of the Federal Reserve? I submit that it won’t. I do not see the incentive for the Federal Reserve to give into anyone or anything, let alone

“Timeout Trees is a very concrete and specific proposal for a channel factory design that actually attempts to address the real issues of use and implementation instead of a half-defined and vague concept. That is

“After four years of work, James O’Beirne’s assumeutxo option to allow instant UTXO set bootstrapping for your Bitcoin node is merged into Bitcoin Core.” — Shinobi
There has always been a gap between the

“There used to be tradeoffs between Lightning and fiat: UX vs. sovereignty; UX vs. speed; UX vs. cost; off-the-shelf fiat payment widgets vs. coding a node into an app. With the Breez SDK, Lightning beats

“It requires no consensus changes to Bitcoin at all. The trick is lifting all of that logic off-chain and being able to challenge a few steps of the computation on-chain if the other party asserts

“With Bitcoin, lives and money are at stake. Interruption of its service can cause a cascade of losses and unintended consequences for potentially millions of people and billions of fiat dollars. If it is possible

“Our existing financial system is a mirage of wealth and liquidity, sustained by an ever-expanding money supply. Bitcoin emerges as the ultimate shield against the inevitable reckoning that will shatter this illusion.”
— Theo

“Today historians focus on the symptoms of Rome’s fall, the consequences: The moral decay, the economic decline, the fall in public safety, the multiplying plagues from dysfunctional public services, the hollowed-out military that ultimately invited

“If the merchant wants the bitcoin and you pay in fiat_, that is you shifting the burden of fiat friction on to them. And paying your valued vendors in bitcoin is the opposite of mutually

“Take the idea of proof-of-stake as a base layer consensus mechanism, and throw the idea away for right now. That’s not what this is, and the problems that need to be solved to enable proof-of-stake

“This has been one of the most effective psychological operations that has ever been conducted on the public in human history. The high priests of central banking started running with this narrative and people have

“It means that, given an open-source model, this could help bring about the ability to:

Independently calculate the price of bitcoin using only your full node at any block height
Develop genuine DeFi

“Everything about the concept of a social network and the incredible potential and beauty of #nostr as a protocol is in controlling your experience, what content you see, and how you see it. This is